You are viewing a single comment's thread from:

RE: Demand for Bitcoin is SURGING in These Countries...

in #cryptocurrency6 years ago

I definitely think that the upturn in prices is triggering people to buy because of fear of missing out and to some other people they're basically thinking it may just be the bull coming for bitcoin hence the demand for purchase, sad to see that it isn't the same with some other alt coin

Sort:  

What altcoins typically do is pop after Bitcoin has gone up and starts to look too expensive. At that point, speculators start salivating at the prospect of other cryptos exploding, which results in said explosion. When the next bull market begins, probably the best strategy is to invest in BTC or ETH first, letting them shoot up and then switch to alts at least partly.

But people seem to have forgotten that we had an "alt season" only couple of months ago.