>BTC price at all time high>altcoin sentiment at all time low What could this mean
>>59250732Aside from more money pumps from etf inflow, I think it means noobs are rotating from alts and chasing BTC before 100k hype. Don't chase pumps, stick to your plan from the bear. Short term, hodl and wait for the bulk to sell at +3% and freak back to pepe when it blasts 30B MCSome of you are alright...
>>59250771I think it means leverage wipes in alts which means room to go higher after bozos have been stopped or shaken out.
>>59250732it means you're early
>>59250732>he wasn't around late 2020
It means that institutions don't give a fuck about alts. I've got what I've currently got in alts and I'll let myself trade that around but I'm not trading anymore BTC for alts than what I have already.
It means that the cycle is starting
>>59250732It's that way every cycle, how do people still not get it?
alts moon because people are retards and FOMO after seeing a major bitcoin run. They think that they can get major rocket gains on an alt instead of buying btc. They're not wrong but it's a game of chicken with the next retard.
btc won and all the ultra-sound money cope is deadplus there is no clear winner on defi, everything is becoming more and more interoperable so there is just no moat.good for the tech, bad for token price action.
>>59251994>plus there is no clear winner on defiwell there's the protocol that will be embedded in SWIFT next year, used it literally any serious defi project meanwhile any "competitor" has had hacks and loss of funds from those hacks, and then yes there's a ton of absolute useless trashETH ofc included unless it bumps up the timeframe on that 3.0 roadmap, you can't wait 2+ years meanwhile the other L1s literally eat your marketshare like SOL has done this year>good for the tech, bad for token price action.I agree, means absolutely nothing for the token price for at least the next few years i.e. next cycle (or until the financebros wake up and realize there is more to this than "bitcoin-is-gold, lets suck Saylor's cock" ETFs and start bidding) so better to put the bulk of your capital elsewhere for now. I've made more off things like nazicoin, boden, ai16z, and a bunch of other dogshit this year alone than I have holding anything with a whitepaper. Being too early and being wrong are literally the same thing. A painful lesson but thankfully one learned with the tiny amount of money I made when I was 20.>tl:dr find N-1 good alts where N= how many figures you have and buy them or hold, scale out Q1 next year or just swap for BTC to hold through the bear if you can't bring yourself to stable
>>59250732...is everyone new?
>>59251959I don't fucking know man. all these retards selling bottoms, buying tops, screeching and crying. fomoing into memes and exiting when they don't 10x minutes later. thinking there's no alt season cuz only btc is moving? what the fuck is happening? was everyone here always this retarded?
