Alt Coin Winter
I've only been in crypto about 8-9 months, and didn't really start paying attention until the huge surge at the end of Nov 2017.
However, I keep hearing about "altcoin winter."
I get the concept that alt coins have inverse reactions to BTC, and so once BTC takes off, alts will go down.
I also keep hearing about putting stop-losses on alts, but what if I have alts I don't want to sell? Will stuff like REQ, ZRX, NEO, ICX survive "winter"? Or does everyone sell a ton off and buy BTC to ride the wave and then re-enter alts later?
Posted Jan 10, 2018, 1:01 AM UTC
15
if you don't want to sell them and you believe in the projects and believe we're not in a bubble, just hold them for the long term. You'll probably make some mistakes trying to time the market and end up behind the 8ball. Also increasingly it seems like ETH is the inverse reaction, rather than BTC.
ETH is at an ATH along with alts? How is that inverse?
I think he means that when alts are low, ETH is at an ATH like what we're experiencing right now.
very recently down alt days has corresponded w/ ETH up days, possibly because ETH is increasingly the main trading pair for a lot of these alt coins rather than BTC