I have enjoyed the variety Steemit brings to the tae. That has pushed me to post about different interests of my own. One thing most of us have in common here. Is a shared interest in crypto currency. In my daily life, I would be lucky to come across one person who even knows what crypto currency is. .
My topic today is going to be about Alt coins. At this time many of the thriving Alt of 2017 are down 90%+. Which is an incredible swing! Some might see this as an opportunity. While others will say they are DEAD.
Bitcoin has just cooled off after going on a parabolic run. Hopefully we see some strong support kick in. As it seems we are on a trend reversal headed down. At this moment anwyays...
With that being said. In 2017, after the monster run up to 20k. We saw the money that went into Bitcoin then flow over into the lesser Alt coins. Why not take your profits and put it into Alts?? This set up yield some unheard of returns! Some as high as 4-500%.
If history were to repeat itself. We could be at a crucial point here. With Bitcoin cooling off. A lot of money was just made on this run to 14k. I wonder if we will see profits flow into Alts again?? It almost feels like the perfect storm is brewing. BUT the wild part about crypto... It always seems to do what people are NOT expecting. That is one of the biggest lessons I have learned over the past couple years.
I would love to hear from the community here regarding this topic. It is always better to hear different perspectives. Especially from people who share the same interest!
Thanks Steemit
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