Altcoins are in free fall as the giant ruminant remains at $87,000. As my old friend Joe would say, “The system is rigged.” Of course, Joe meant that the system is corrupt. It’s unbelievable and I won’t tire of saying it: as Bitcoin goes up in price, then, while correcting a few points, it buries the altcoins. This story keeps repeating itself and those who hold altcoins no longer care if Bitcoin reaches $130,000 or a million dollars. After all, when Bitcoin reaches six figures and corrects to $998,000, it will push the altcoins lower and lower.
Corrections are part of the stock market, everything fluctuates. But the difference between a correction and a crash is that the latter begins when an asset loses 10% of its value or more. So every Bitcoin correction becomes a crash for altcoins. And if that’s not manipulation, what the hell is it called? Now the bots for most coins have been reprogrammed again to keep detecting Bitcoin at $63K. And okay, I know Solana is still above $200K, so what? When I have an entire market not correcting but plummeting into the depths of hell, I have no choice but to publish in my latest post the fraudulent coins you should never invest in. I think if I do that there will only be a handful left to invest in, but that won't change the emotions of investors. The herd effect is indestructible; people always head towards the cliff, no matter how many warning signs they read along the way. The other thing is that no matter how low you buy, altcoins will take you lower and lower, until they take your money again. Yesterday Bitcoin made a new all-time high beyond $90K and coins that are valuable are falling lower than they did when Bitcoin fell to $58K. And you know I keep a historical record of the value of coins.I've run out of characters. Hugs.