I personally think it takes more Bitcoin to push prices up that it takes Litecoin or Ethereum... Mainly because everyone expects people to hoard Bitcoin because it usually climbs up more than Litecoin or Ethereum.
I'm counting on the slingshot effect that happens when climbing up of Bitcoin slows up and people move on other big currencies before pulling up the smaller altcoins.
It is a smart play. I am hoping for the bitcoin suck to play out in full effect, where bitcoin runs and pulls value from all the altcoins. Then after a time, bitcoin slows down and you can move profits from btc over into depressed altcoin prices.
No guarantees it actually works out like this but that is my hope. Either way though there is a very good chance many alts outperform bitcoin even if bitcoin goes up 10x from here.
As I already mentioned earlier, I did actually buy some Bitcoin, but I did also buy some Ethereum and ERC20 tokens... When I have extra money to spend again, I will also buy more Litecoin and few other more common cryptocurrencies.
Because then we can get more bitcoin!
Who wants more Bitcoin... There is a lot easier ways to get altcoins than buying with Bitcoin...
bitcoin is likely to run first, then you can sell some of that and put it into your favorite altcoin.
I personally think it takes more Bitcoin to push prices up that it takes Litecoin or Ethereum... Mainly because everyone expects people to hoard Bitcoin because it usually climbs up more than Litecoin or Ethereum.
I'm counting on the slingshot effect that happens when climbing up of Bitcoin slows up and people move on other big currencies before pulling up the smaller altcoins.
It is a smart play. I am hoping for the bitcoin suck to play out in full effect, where bitcoin runs and pulls value from all the altcoins. Then after a time, bitcoin slows down and you can move profits from btc over into depressed altcoin prices.
No guarantees it actually works out like this but that is my hope. Either way though there is a very good chance many alts outperform bitcoin even if bitcoin goes up 10x from here.
As I already mentioned earlier, I did actually buy some Bitcoin, but I did also buy some Ethereum and ERC20 tokens... When I have extra money to spend again, I will also buy more Litecoin and few other more common cryptocurrencies.