ALTCOINS: Why should you invest in Altcoins now?
Hello my friends!
Why should I invest in Altcoins at all? That only makes sense if Altcoins performs better than BTC. The chart shows the inverted BTC dominance. At 50%, the market capitalization of BTC is balanced against all Altcoins. Currently, BTC is at a level of 64%. This means that 64% of the total market falls to BTC, the remaining 36% is divided between all other coins.
Of course, you can land a special hit with one or the other Altcoin, but that's more like gambling. Therefore we should take a look at the market for Altcoins in general: Can Altcoins become more important? YES! The current target is around 52-54% BTC dominance. The lowest point was at 73% (highest BTC dominance).
We cannot judge the time before Mid of 2017. At this point the most Altcoins have been created.
Currently, it looks that the trend line will hold. This means that the time for Altcoins has generally come again. This also means that the whole market is still bullish.
Therefore, an investment split between BTC and Altcoins would make sense. Which Altcoins are interesting for an investment? Here I have a clear opinion: the top coins are good. I would not recommend exotic ones. Okay, with exotics you can make 100% and more in a week or a day, but that's gambling imo. Of course you can invest in a coin, if it is a real specialty and you understand the technology behind it. But I would be careful.
And another thing: I always recommend to analyze Altocoins against BTC, because BTC is the leading currency in the crypto market.
--
Let's see what happens.
Happy trading. :-)
--
[url=
]
[url=
]
[url=
]
Why should I invest in Altcoins at all? That only makes sense if Altcoins performs better than BTC. The chart shows the inverted BTC dominance. At 50%, the market capitalization of BTC is balanced against all Altcoins. Currently, BTC is at a level of 64%. This means that 64% of the total market falls to BTC, the remaining 36% is divided between all other coins.
Of course, you can land a special hit with one or the other Altcoin, but that's more like gambling. Therefore we should take a look at the market for Altcoins in general: Can Altcoins become more important? YES! The current target is around 52-54% BTC dominance. The lowest point was at 73% (highest BTC dominance).
We cannot judge the time before Mid of 2017. At this point the most Altcoins have been created.
Currently, it looks that the trend line will hold. This means that the time for Altcoins has generally come again. This also means that the whole market is still bullish.
Therefore, an investment split between BTC and Altcoins would make sense. Which Altcoins are interesting for an investment? Here I have a clear opinion: the top coins are good. I would not recommend exotic ones. Okay, with exotics you can make 100% and more in a week or a day, but that's gambling imo. Of course you can invest in a coin, if it is a real specialty and you understand the technology behind it. But I would be careful.
And another thing: I always recommend to analyze Altocoins against BTC, because BTC is the leading currency in the crypto market.
--
Let's see what happens.
Happy trading. :-)
--
[url=
[url=
[url=
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.