It feels very strange when I see Bitcoin at all-time high, but altcoins are still at their lowest levels. It feels like their time has stopped. I think, what is the reason for this?
I am seeing majority of the altcoins which are at its all time low, when bitcoin moves 1% up they move 2% up and when bitcoin comes down by 1% they move by 4-5%. In this case how they can reach their all time high?
In my view, the biggest reason is that investors have lost trust in altcoins. These days, most people prefer safe investments, and Bitcoin has become a safer investment for them. In this bull run, big institutions only invested in BTC like they think altcoins are risky or they have different thinking this bull run.
Sometimes I think, will altcoins recover again? Is it just a matter of time, or will these coins never return to their old position? Earning profit is a far thing, first recovering is important. Many of the investors are looking only for to recover their money, they dont want extra profits.
I hope the market environment will change, and people will again show trust in altcoins. But for now, the best way is to act with patience and understanding. The time will tell if whether the investors will shift to alts or they ignore this time. We have time by the end of this year and after that another bear phase will start.
What do you people think about Altcoins? Will they perform in this bull run? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN AND EDITED IN CANVA
Thank You! Best Wishes.