Bitcoin BTC is continuously conquering new ATHs? But most investors are not very happy!
Bitcoin is always on its upward journey, and this season BTC is being accepted much more widely as Trump, who is likely to become the next president of the United States, is quite fond of Bitcoin and wants to make BTC a reserve asset for the U.S. during his term in office.
However, most investors are investing in Altcoins, and currently, the profit margins from Altcoins compared to BTC are still quite poor. Looking back at the new coins listed at the beginning of 2024, they are still trading at 3-5 times lower than their peaks, while BTC is at $60-70k. Yet, BTC is about to double that price while the Altcoins that investors bought are still struggling, barely making any gains.
Currently, BTC is continuously breaking ATHs while Altcoins are not performing well, causing investors to feel anxious, fearing that if BTC corrects or if BTC increases its dominance, Altcoins will drop significantly, resulting in losses for some and pushing others further away from profits… This is why investors are not very pleased at the moment.
However, if we look back a bit, November was quite sweet for Altcoins as even the lesser performers have doubled from their lows and are holding at high prices… In fact, in recent days, BTC has been continuously breaking new ATHs, but investors' accounts have not seen significant increases, causing some to feel anxious, but it will be their turn soon. Investing requires patience and a gradual accumulation, it cannot be as quick as playing the lottery.
So don’t worry too much, Bitcoin continuously having new ATHs will attract liquidity, as well as marketing media attention, sparking curiosity among newcomers… After that, when BTC stabilizes, market makers will push Altcoins, and then each one will have its turn.
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