I have nothing against wanting to invest in altcoins. But I do believe that only very few and close to little altcoins will reach new ATHs. Maybe they will just rise for a few times but ethereum or xrp may not reach their ATHs again. There are other reasons why one would want to invest in altcoins like transactions purposes but I believe if you are hoping to see a coin reach new ATHs this cycle, it will only be bitcoin.
That means their time hasnt come yet. Yes, weve seen a bull run where Bitcoin broke its ATH last year and even this year, but most major altcoins didnt follow, which tells us the altcoin season hasnt started yet. Im sure it will come, just not sure when.
Ive experienced a few alt seasons in the past, but this time I dont know what happened. Maybe it didnt ride with Bitcoins bullish move because Bitcoin is gaining more dominance, especially now that institutional investors are showing more confidence in it.
BTC has always been the locomotive the asset with real value, monetary significance, and actual use.Altcoins are scams, designed by founders and insiders to extract BTC from the hands of people who dont understand whats really going on people with high time preference, prone to gambling. Theres nothing fundamentally valuable in altcoins.
The same pattern repeats over and over. Each time, though, there are fewer sheep left to shear because once someone loses money, no matter how naïve or reckless they are, they rarely fall for the same trick again.
After each Bitcoin halving, miners reduce their selling pressure, as Bitcoin's monetary inflation is cut in half. Demand stays the same or grows, so price starts to climb gradually.As price continues to rise, the market enters a phase of euphoria and parabola. People start using margin trading, taking out loans, and the media screams BTC to 150k, 200k! and the masses get caught in FOMO.
Retail flows in, but they dont understand whats happening. They dont grasp why Bitcoin is rising or where the value comes from. Most think: Bitcoin is too expensive now
Ill buy ETH, its only $3,000 or XRP is just $2, looks cheap its the same thing, right? They start looking for the next Bitcoin.
Retail inflow pumps the altcoins but each cycle, the effect is weaker and weaker.
Because people are slowly learnin