BTC Surges Past $93,000, But Your Alts Are Still in Jeopardy: Here's Why!
Bitcoin's recent surge past $93,000 has left many altcoin holders wondering when their investments will follow suit. However, history suggests that patience is key.
Reason 1: Cycle Dynamics
After a bear market, money flows into Bitcoin first, then into large caps, low caps, and finally memes. This cycle is no exception. Let Bitcoin make a new all-time high, and your alt bags will moon.
Reason 2: Reassess Your Portfolio
Are you holding last cycle's top gainers (e.g., ENJ, SAND, MANA)? If they're not following Bitcoin's trend, consider exiting with a plan in place.
Reason 3: Memes Have Been Front Runners
Memes have taken attention of retail in this cycle. Be cautious.
Reason 4: Buy the Current Cycle Narratives
Last cycle was about gaming and metaverse; this cycle is about AI and DeFi. Invest in narratives that drive the current market.
Bonus Tips:
1. Diversify: Don't put all eggs in one basket.
2. Follow liquidity maps.
3. Exit at the right time and take profit.
Bonus Tips:
1. Diversify: Don't put all eggs in one basket.
2. Follow liquidity maps.
3. Exit at the right time and take profit.
Conclusion:
Bitcoin's surge is just the beginning. Understand the cycle dynamics, reassess your portfolio, and invest in the right narratives. Patience and strategy will reward you in the long run.