$1000SATS
In the Current Crypto Landscape: Bitcoin Dominance and the Fate of Altcoins
The current scenario reflects the dominance of Bitcoin over altcoins, evident from its market capitalization share.
Therefore, two possible outcomes lie ahead:
First: If Bitcoin continues to rise or stabilize, altcoins may weaken in tandem. However, if Bitcoin reaches a plateau, altcoins could potentially surge.
Second: If Bitcoin experiences a correction, altcoins are likely to follow suit.
We are currently in the early stages of a bull market, so there's no need to fear being caught off guard. In such times, if one remains sidelined, the proactive approach is to embrace potential setbacks, gradually entering altcoin positions. Throughout the cycle, altcoins are bound to experience explosive growth. The key is to believe in the value of the coins you invest in and refrain from impulsive trading.
After a prolonged period of uncertainty, some of my earlier positions have finally become trapped, eliciting an unexpected sense of excitement! Ha-ha.
Note: I hold faith in certain projects; either I refrain from investing or, if caught in a downturn, I adopt a long-term holding strategy. Furthermore, I diligently manage my positions and urge caution against blindly following trends. It's crucial to assess one's individual circumstances and remember that this is not investment advice!
