【2024.10.17 Daily Bitcoin and Ethereum Market Analysis】 Good morning guys, Bitcoin had a high level sideways movement at night, altcoins remained sluggish, the market was like a puddle of stagnant water. In the past two days, Bitcoin has been rising sharply, many people asked me, why are altcoins so weak, will altcoins have any chance to recover this time, many of you actually know the answer to this question, they just asked me to give everyone more confidence. But to be honest, I really can't give altcoins more confidence, old fans all know that I always advise everyone to stay away from altcoins, I even say Ethereum is trash, let alone altcoins, I can only give Bitcoin more confidence, remember the last time I talked about Bitcoin buying position, whoever loses, just come find me, don't disappoint! The entire cryptocurrency market only has a certain amount of capital, you calculate how many new coins the exchange has to list every month, the new coins have such low circulation but do not pull the price up, then later the amount of unlocking is getting bigger, why do they still pull the price up? If it were you, would you be willing to take out the capital that has been cut to pull the price up for newcomers? Think about the problem from different angles, you will have different answers! Of course there are also some good altcoins, but that is only a very small part, it is not certain that the altcoin you buy will be a star that can increase many times, so I advise everyone to play Bitcoin seriously, and then play the contracts of the main coins!
