Are alts the contrarian play?

that's total bs, stop watching Max Kaiser. BTC would die without an 'altcoin' industry. 99% in the crypto industry do not work for Bitcoin Core but for other project.

Also Lightning Networks for Bictoin are not cutting it, their capacity is even declining before anyone used them:
bitcoinvisuals.com/ln-capacity

Just buy ETH, LTC or any of teh unique top alts, they are already oversold and will bounce hard.

The point of maximum financial opportunity for alts will probably be Q1 of next year

what's the reason behind your thinking?

BTC started its rise from the 2015 bottom through the end of 2016 while most alts did fuck all. Most everything that mooned hard by the end of 2017 you could have bought between January and March and made maximum gains. Other than that it's just my intuition it'll play out that way.

Normies have been saying alts will die sunce 2010. They wont. Use the negative season on alts to buy cause as sure as fuck sentiment will change and some alts will moon to fuck and everyone will get into big gains in alts again. I recommend Fantom for the next quarter.

It's true though. Just pay for services rendered in BitCoin. Alts are fake and gay.

Most are eth/xmr/link/sent arent you have to wade there the shit. I swear this shit is as bad as fucking console wars with some of ou idiots.

Most people who buy alts are retards who won't buy bitcoin due to a mental roadblock. They see a bitcoin being worth 10k and they think it's overpriced so they rather buy shitcoin x for 0.000001 usd and hope it moons to 10k like bitcoin.

>bitcone goes up from 10k to 20k.
>random shitcoin with 50m cap goes to 400m cap.

Pick one. This happened before infact it was worse, 2mcap shit going to 300mcap.

No. ETH exploded before bitcoin. If anything 2017 happened because people were buying alts. Bitcoiners are delusional.

These guys are posting much more frequently than altcoiners at this point because they are euphoric. The euphoria emboldens them and blinds them leading to lots of really stupid posts.

based

woke

Based

We can bear through the bear market folks

do not listen to this fucking moron if you like money

It really depends on what projects you are talking about, I guess for now most alts are being sold off, but for example, VID is still running high at 160x. Honestly, now is the best time to buy the low for alts that are dropping.

Alt season where everything pump no matter how trash it is won't happen anymore, this chapter is closed.
I'm in a decently sized "whale" group (people with between 500k and 30-40 millions USD) and the mindset has changed on altcoins.

Instead of promises/partnerships and team CV they are checking if the devs behind has delivered usable applications and attracted a community in the past 2 years.

They are very conservative though, most of them are still in BTC and ETH but there is still a hunt for low market cap projects.
The overall feeling is that next year will be the make or break for all the projects who raised money in 2017, in short they either grow and eject obsolete top 100 projects or they stall and devs abandon for good.

we're getting close to alts vs BTC bottom. 2021 is alt season, after the halving

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whales know they'll get more alts after BTC goes 20x from here. Why sell before the halving? You'll buy something too early most likely and lose out on BTC gains. The losses compounds and the gains do too. The formula is clear on how to take btc up and spend the gains on shitty lotto tickets but now everyone is getting wiser and demanding more from these startups. Everyone thought adoption would be instant

>Lots of negative sentiment towards altcoins.
It has been for MONTHS, ever since ETHBTC broke the historic support at 0.025. Where have you been?

Haven't seen anything capitulation-like that would signal a reversal though.

This is just like when BTC was bouncing on $6000 for the longest time, everyone was saying the sentiment was so negative for the longest time, it's the floor, etc.
Only the capitulation dip to $3500 actually signalled the reversal.

I wouldn't catch the altcoin falling knife here. Historically, altseason starts after BTC's old ATH is broken, meaning we alts can just keep bleeding until $20k is breached.

Someone has to buy those discounted alts, tho.

Just pick the right ones, new coins, something that hasn't mooned yet.

Contrarian plays usually lose

I browsed r/cryptocurrency for the first time ever just to see what they were saying and they were all shitting on alts. As a person with 100% of my entire net worth (90k) in alts (literally living my parents, no apartment, no car, nothing) I was immensely comforted.

The money pumping btc now is coming from alts. People are capitulating into btc. It won't be long now. Find high quality alts on sale and buy them now.

>high quality
>alts
Pick one

Man, look at VID! +16k % in 2 months

exactly.

While I don't see any sigs of reversal I think we might be close to the bottom. I think we still might have one more large capitulation before reversing, but also possible this is the bottom.

I rebought BTC only at 4.3k instead of 3.2k because there was a reversal in play, but when it was at around 3.2k I thought we would see 1-2k but it never got there. Who knows

High quality. Alts is a misnomer, bitcoin is just one of the notable attempts at free market money.

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