Bitcoin, Whats happening now? RIP ALTs?

Long time no see BTC, its been a while we saw anything positive on the BTC charts, for days/weeks it has felt like there is no hope (Kinda like when BTC fell to $2 from $32), for weeks it felt like Crypto was slowly dying (Kinda like when BTC fell from $1200 to $250) but we are seeing life again...some life at the least! Sure we aren't even close to what the Jan highs were but eventually get there..but there will be blood whilst we get there! Not BTC but the rest of the bunch..
From my last post, I urged the reader to look long, to look long on bitcoin and smell the roses. To invest in things that have lasted the test of time..

Since Jan, we will be suffering through a massive lack of market confidence, people are either holding really heavy bags that they are waiting to sell for a rosy day since the hype cycle is dead or just waiting for the hype cycle to be back to the highs, and in a market thats still trying to come to terms that BTC just fell from its highs of $20,000 to $6000. NOW! Is the time we go back to our portfolio and reiterate what they have invested in, ask yourself why you have invested in X company, based on what..? Can you still convince yourself that this company, this AXZ token is just like ABC token but better because Insert keywords here and thats why they are better. Stop trying to pick favorits because OOO token is the best token there is /s

Now is the time to rethink everything, those prices that we saw in jan when everyone and your dentist was investing in the token you heard somewhere, will never go back to its prices..Most of these 'projects' will disappear sooner than you can think....98% of start ups fail, how do you think this will happen in a speculative market with only thing thats real is an unjustified madness to catch the next big wave.

We were in a bubble and a mania, and the market cap below from the greater $800bil to a lower $300bil is proof that, we are lacking confidence..and it will take a while to recover that, a while meaning maybe a year..maybe 2. So you think Token BAMBOZELED will survive?

So who will survive? Well, those that have lasted and have survived for the years...As Richard Heart has said, invest in those that have tested he time, projects that are mostly those that have forked out of bitcoin, code that is already at a greater footing to begin with but finds its own niche.

20th March 18

This what the market looks like and most gurus and bitcoin twitter celebs would have never painted a BTC dominance to be reaching nearly 45%, this is beautiful to watch #PersonalGloat
Not being a bitcoin Maximalist, but a realist

TA Time!
BTC - LOG - 4h
Looking good isn't it? I have just started reading the RSI indicator, I am still not too sure about how that one works but, slow and steady learning is how it is! We are seeing an almost seamless rise since we the start of this whole show, even after the jan crash, the chart does show that we are going only in one direction.

BTC - Bounce
An almost perfect bounce off from the $7200 range, as discussed above we wont be seeing very high levels for a while, I would expect the market to go up a bit and bounce off this line give or take for a while. Don't get bluffed into anyone singing the ALT coin cycle narrative, there is going to be any...those companies will disappear sooner.
Bittrex just dropped 80 alts...80! As long as we see a Bitcoin ETF this year, BTC and the shown above will survive and thrive!

Read here: https://themerkle.com/bittrex-to-remove-over-80-altcoins-from-its-exchange/

Vote, yes? Ok!.png

This is not financial advice, all markets carry risks. One should always do their own research before investing