RATE Group | Altcoins turn red and revisit Dec 2017 levels
54558
wp-singular,post-template-default,single,single-post,postid-54558,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Altcoins turn red and revisit Dec 2017 levels

16 Jul Altcoins turn red and revisit Dec 2017 levels

Posted at 11:51h in Ethereum News by

[ad_1]

  • ETH/BTC revisits levels last seen in the days leading up to the great Pump.
  • Some indicators suggest a change of leadership is on the horizon.
  • Uncertainty dominates the market Bitcoin’s predominance is praised.

 

While Bitcoin attempts an impossible assault on recent highs of $14,000, the rest of the market suffers against the King of cryptocurrencies. The panic spreads, and the dilemma is between staying in Alt positions or jumping on the running train that is Bitcoin.

This type of extreme environment in which emotions begin weighing more than reason is fertile ground for compulsive decision making.

But does it make sense to move from Altcoins to Bitcoin right now?

The relative losses to BTC are already considerable and have reached 35% since the bullish reaction in early May.  If we take the December 2017 highs as a reference, the level of value loss is close to 400%.

The current acceleration – after such a long and deep period of declines – …

[ad_2]

Source link