When an event unfolds, we often fail to notice it in real-time. Upon careful observation, it becomes clear that most altcoins, except for a few specific big-cap alts, are trending downward. By the time you realize it, alts will have already dropped significantly. So, it’s wise to book your spot alt profits early.
I’ve closed all my investments. While I couldn’t maximize my profits entirely, coins like Cake, XTZ, Bonk, and Aptos are still running but haven’t yielded profits yet. Some small-cap tokens remain open, but I’ve sold TIA, Super, SUI, MKR, TON, Manta, Ondo, and ZK. I haven’t calculated exactly how much profit I’ve made on each token yet. However, in this market, almost everyone has made some profit—some with 100%+ returns, while others with around 10%.
A few days ago, I mentioned that the time was approaching—BTC has been outperforming everything and may continue to do so until it hits $100k.
The $100k Milestone:
$100k is a huge psychological price point. Those who’ve held BTC for a long time will proudly say they sold after BTC reached six figures. BTC’s current target is to reach gold’s market cap.
Phases of BTC’s Bull Runs:
• 2013: Regular individuals bought BTC.
• 2017: Small-scale VCs (Venture Capitals) invested.
• 2021: Big VCs and figures like Elon Musk and Michael Saylor invested.
• 2024: The biggest VCs in the world, like BlackRock, are now buying.
The Role of MicroStrategy:
MicroStrategy has introduced an innovative business model where they regularly purchase large amounts of BTC by issuing new shares. This model is now being adopted by companies in other countries. As more companies follow this model, BTC’s price will continue to rise.
Moreover, several countries are planning to convert a portion of their reserve funds into BTC. Donald Trump’s potential election victory is prompting other nations to embrace crypto more widely. There are even rumors that Trump plans to open his own crypto exchange.
The Focus on BTC:
Despite all this bullish news, everything remains BTC-centric. Altcoins are not receiving much attention. Many altcoin developers or insiders are taking this opportunity to sell their holdings to cover operational costs, unsure if they’ll have similar liquidity in the future. They’re selling now, and as BTC’s price rises, their altcoin prices aren’t dumping.
What Should You Do?
Honestly, I don’t have the perfect answer. Seeing so much bullish activity makes me anxious. Bull runs can reverse at any moment, causing the market to take a sharp downturn. We’ve seen such panic selling in previous bull runs—prices took massive corrections but eventually pumped again.
Today, NVIDIA’s earnings report will be a key indicator. Based on this, we might see another pump for AI-related tokens.
Warning:
Buying alts when BTC is at its all-time high (ATH) is not a smart move.
