Are We On the Verge of An Altcoin Breakout?
I have always been a proponent of altcoins. I know that it's not the best viewpoint considering the past 2 years, but I still believe that certain projects are on the verge of accomplishing something that is truly astounding.
Crypto is still extremely young. This entire space has a lot of growth to do and a lot of progress to make in terms of creating opportunities and building out what's necessary to bring in the average folk.
In the past week, a slight dip in BTC dominance has gotten some in the space excited about their altcoin pet projects, announcing with gusto to crypto Twitter that alt season is back. Others are not so sure, and remain understandably wary of the recurrent hype.
Does a dip in BTC = a rise in the Alts?
I've never been one to think that 1 has to take away from the other.
i think there is plenty of room for BTC to flourish along with the altcoins.
Where I see a disconnect is in those baby projects that truly have nothing of value to add to the world.
The excitement of this heavy bag holding for nascent projects was intoxicating. “If this even hits one dollar, I’m gonna be rich!” While investors are still doing this, the focus at large in the crypto space has shifted to the narrow world of BTC maximalism and basic religious hatred for anyone, not into the “right” crypto, or dominant ones.
It's exciting.
It's fun.
It's awesome!
It's a crazy world.. investing in altcoins. It's not something for the lighthearted and weak of stomach. I've always gone out of my way to dig up fascinating projects. But I do it with the willingness to be wrong.
I am comfortable being wrong in many of these various positions, and that's what makes me dangerous. I can invest without being worried because I believe in the tech behind it all.
"I've never been one to think that 1 has to take away from the other." This is my opinion as well. I think various alts have niche roles to play.
totally agree with you, there is plenty of room for the alts to disrupt different industries
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