by mookiemcgee on Sat Oct 16, 2021 1:22 pm
Bitcoin crosses $60k, flirting again with ALL TIME HIGHS...
My analysis suggests that for the next 30-60days money will flood out of altcoins back into bitcoin the king... everything will head slowly upwards but bitcoin on % basis will beat the overall Altcoin market, then roughly Dec thing will flip and the some of the alts are going to go buck fucking wild. I'd suggest keeping your portfolios BTC, but the risk metrics are rather high so it's not really ideal anymore to DCA into bitcoin, if you are looking to add new powder, I'd look at accumulating the blue chip alts like DOT, ETH, Cardano. Fantom, Luna and Celo are also getting alot of attention lately, and could see them having a good month too. Some of the L1 solutions that launch early in the year like Avalanche and Poly may start to bounce back a bit as well.
TL/DR, don't sell any bitcoin, certainly don't sell it to buy alts right now. New fiat should be scooping up ETH and DOT.
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