I want to share my thoughts about $BTC and other cryptocurrencies in general. As practice shows, the main composition is Bitcoin and Ethereum, the rest go further and further to the tail of the train🚂 and sag under Bitcoin. If it falls by 3%, other cryptocurrencies fall by 4-5% or more (with growth as well), but I don’t understand why the rest of the assets are needed if they are manipulated by $BTC ? When I entered this market, I thought that each asset should be independent and somehow unique, like a cut diamond. They should not be affected by wars, political beliefs, dollar or euro exchange rates, etc. But looking at all these situations that are happening, I don’t understand more and more, watching this train leave. A huge part of the pie has been captured by the “whales” and control the course of the market, and we “eat up” the rest; from time to time we are shaved by those same “whales”, politics, wars, etc. Nowadays it is possible to increase profits in cryptocurrency, but it only works out to 5-10%. The rest can be called gamblers! They understand almost nothing about the market, they think that suddenly something will take off like Bitcoin and they will become endlessly rich. Bottom line: crypto is like a hobby👍, but you can only make money...
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