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RE: Vlog #69: It's not bad to see alts in the red when Bitcoin trades at all time high.

in #life7 years ago

I mentioned this in your last post but it does make me happy to see that the total market cap has increased so much and intern most people have put their money into Bitcoin increasing its dominance. I was blown away from seeing bitcoins new all time high.

Despite the fact this may act as a squeeze on altcoins I think as time goes on people will start investing in other coins if they move their profit and investment from bitcoin to altcoins. All that newly invested money will soon start trickling down to other tokens.

This is just a great way to get morale high and get more people confident in cryptocurrencies and as you said, in the end, it will start dragging the altcoins up. Steem has been having a difficult time but let's hope it can benefit from the exchanges unfreezing their wallets and the price of bitcoin going up.

I feel bad for people who had FOMO and bought Bitcoin Cash at $700+.
I'll probably get a few BCH when it is low enough but at the moment it is still way too high haha

Great to see that you are sticking to your diet @exyle. I guess 1 glass of wine is not that bad. It must have tasted way better after trying to repress your craving for wine haha

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I also think BCH is too high atm. (at least for me to buy). Yesterday I kinda went sideways on my diet. But I'm back on track now :)