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Because Bitcoin – When to sell BITCOIN to buy ALTCOINS (12.03.2024 Summary)

Because Bitcoin – When to sell BITCOIN to buy ALTCOINS (12.03.2024 Summary)

Max is here to drop some mad knowledge on you. Today, we’re gonna talk about that sweet, sweet flow of capital from Bitcoin to Ethereum, to altcoins, and even those tiny micro-cap gems.

So, let’s start with the elephant in the room, Bitcoin. We all know it just hit a new all-time high, and everyone’s like, “Yo, when are my altcoins gonna start popping off?” Well, my friends, let me tell you a little something.

Back in the good ol’ days of 2017, when Bitcoin hit an all-time high, it was like the starting gun for a race. Ethereum and the altcoin gang were like, “Aight, bet. We’re coming for ya!” And they started catching up like crazy.

Now, we’re in a similar situation. Bitcoin’s hitting new highs, and you know what that means? It’s time for Ethereum and the altcoin squad to start their game of catch-up! Historically, after Bitcoin hits a new high, it goes up another 25% or so. But the real gains happen with Ethereum and the altcoins.

Last cycle, Ethereum went up a whopping 78%, and the altcoin index (or as some call it, the “shitcoin index”) went up a mind-blowing 776%! That’s like a 7x gain! Imagine catching that wave.

Now, here’s the kicker. Bitcoin’s dominance, which is its share of the total crypto market cap, might spike a bit more. But then, it’s likely to start dropping, just like last time. And as Bitcoin’s dominance falls, Ethereum and the altcoins will start their aggressive move upwards.

So, what’s the play here? Well, it might be time to consider rotating some of your Bitcoin gains into Ethereum and those tasty altcoins. But don’t just take my word for it; do your own research and make moves that fit your strategy.