Bitcoin vs. Altcoins
A strictly numbers thread, no opinions, data for your use. 👇
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Generally true with some outliers:
#1
BTC outperforms altcoins in bear markets.
#2
Alts outperform bitcoin in bull markets.
#3
Swing traders sell alts into bitcoin, repeating
#1
.
#4
Altcoins that survive do progressively worse in next bull market vs $BTC.
Now for some charts:
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Example 1:
#ETHBTC
flipenning? This chart is not looking so hot for the largest/strongest alt, in bull run
#2
it got less than halfway to its first bull run.
@tradingview
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Example 2:
#BCHBTC
flipenning? "LOL". At its peak in May 2021, it briefly reached about 1/4 of its first bull market run.
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#EOSBTC
- down over 60% from its season
#2
peak from its season
#1
peak. Currently down over 90% since its launch on the market.
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#ZECBTC
, another privacy coin, since its launch in 2017. The barely visible bump in May 2021 is about 1/10 of 2017 peak.
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I think you get the idea - you don't need to see another 1,000 charts.
Other than $EOS I did not mention any ICOs. I make no mention of the thousands of scams, pump and dumps, or other awful projects that I call "liquid garbage".
There are however, a very few outliers...👇
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#DOGEBTC
outperformed its earlier bull markets thanks to the meme coin hype, but that is a market factor that I do not consider to be predictable.
There is one real outlier I have found
#BNBBTC
.
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Have you found other outliers of altcoins that outperformed $BTC in their 2nd or 3rd bull runs? If so, drop below.
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For more, see the full article:
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@alexandre_lores
MarketCaps of AltCoins with good bases, like PolkaDot, FileCoin, ChainLink, NearProtocol, or Monero, have like 5b MC Avg and BTC like 450b MC.
Some altcoins can growth at least to 100b imo🤔 and share the same MC than ETH "easily"
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