I sold all my altcoins, and here’s why

[Crytononame]

Just wanted to make sure you are still here. Can you tell us what is the price of BTC? Thank you!

Yo bro, still hanging out here? Got a quick one for ya – what's Bitcoin going for these days?

 

[lewisjilan]

No matter how “promising” altcoins might look, they all dance to Bitcoin’s tune. If BTC takes a nosedive into crypto winter, altcoins will tank by 90%. And honestly, I’m not willing to wait five years just to break even.

Here are 4 reasons why I decided to dump my altcoin portfolio:

1. Bitcoin failed to hit $100K even when the Fear & Greed Index was at 94. If it couldn’t break that milestone in such a bullish environment, it’s a red flag for a major market correction.
2. Crypto winters always follow halvings, usually about 9 months later. Right now, it feels like the perfect time to sell while the market is still riding high.
3. The “Trump factor.” Sure, he promised to make crypto “great,” but let’s be real—crypto thrives best when governments stay out of the way, not when they try to get involved.
4. ASIC chips are hitting their physical limits.
   
   Let me explain this one. Over the past 8 years, ASIC miners shrank from 64nm to 5nm, fueling insane growth in Bitcoin’s hash rate. But in 2024, we’re reaching a point where increasing computational power will be minimal. This directly impacts Bitcoin’s security and growth potential. And with Proof-of-Work blockchains, one golden rule always holds: no network growth, no new all-time highs.

View attachment 399275

I don't know what happened today but there was a very strong correction.

 

[Venusaur]

Yo bro, still hanging out here? Got a quick one for ya – what's Bitcoin going for these days?

will you start tagging people here in each of those mini-crashes and dips? lmao, bro is feeling like a prophet because of a 15% dump, I hope nobody here is panic selling in the first red week, there will be more next year

 

[MR.Spuf]

Yo bro, still hanging out here? Got a quick one for ya – what's Bitcoin going for these days?

Brokie, you said that btc will not hit 100k, you are just fishing for attention, swanker

 

[Crytononame]

Brokie, you said that btc will not hit 100k, you are just fishing for attention, swanker

Dude!

Bitcoin's getting hammered at 96k)))

You were chasing clout, I just dropped a prediction. And guess what? It's coming true!

will you start tagging people here in each of those mini-crashes and dips? lmao, bro is feeling like a prophet because of a 15% dump, I hope nobody here is panic selling in the first red week, there will be more next year

Nah, I'll only be tagging the bagholders and hamsters.

I don't know what happened today but there was a very strong correction.

It wasn't just today, it was yesterday and today too. Powell basically said "no way" to Bitcoin reserves, and then Trump almost triggered a shutdown with his budget shenanigans on Friday.

 

[setsunamudou]

If the profit of your BTC are bigger than your ALT it's probably better to sell all your ALT and just play in the bigger caps.

but not me
i already 6x from the current porto 3 months ago until now.

ALT play are just not for you just accept that.

 

[deppo]

Bitcoin's getting hammered at 96k)))

Are you able to even see the bigger picture or your Ego is just clouding fair judgement at this point?

This is BTC weekly candle opens and closes.

There is 0 evidence from that months long setup of a bearish BTC trend.

2 months ago structure broke to the upside and the worst that can happen at this point is consolidation for a few weeks at the current levels.

Even a drop to $90k does not invalidate the uptrend.

 

[Crytononame]

Are you able to even see the bigger picture or your Ego is just clouding fair judgement at this point?

This is BTC weekly candle opens and closes.

There is 0 evidence from that months long setup of a bearish BTC trend.

2 months ago structure broke to the upside and the worst that can happen at this point is consolidation for a few weeks at the current levels.

Even a drop to $90k does not invalidate the uptrend.

Your chart shows BTC stuck sideways around $60k for a long time. Then we saw a pump based on some key factors: loose monetary policy from the Fed and a new president.

But look at where we are now. The Fed is barely hinting at future rate cuts. No one's keeping promises about a Bitcoin reserve. All the market's getting is regulatory approval to keep transactions under tighter control.

The whole run-up from $60k wasn't backed by solid fundamentals. That means people will be selling.

 

[deppo]

Your chart shows BTC stuck sideways around $60k for a long time. Then we saw a pump based on some key factors: loose monetary policy from the Fed and a new president.

Yes, this is called consolidation and it is normal price action. In fact, the more time price consolidates, the more it preps for an explosive move. What you described may have been the catalyst. There is always some sort of catalyst like every day the news that come out at 8.30am EST or NYSE market open at 9.30am EST. More often than not, markets start moving more then from the incoming volume.

But look at where we are now. The Fed is barely hinting at future rate cuts. No one's keeping promises about a Bitcoin reserve. All the market's getting is regulatory approval to keep transactions under tighter control.

The whole run-up from $60k wasn't backed by solid fundamentals. That means people will be selling.

I think you make it more complicated than it needs to be when it just comes down to simple supply and demand.

Fixed BTC supply (as opposed to fiat currency) vs. ETFs continuous inflows, institutional adoption, MSTR buying, possible country reserves. All in a favorable incoming pro crypto administration.

 

[Soprano17]

No matter how “promising” altcoins might look, they all dance to Bitcoin’s tune. If BTC takes a nosedive into crypto winter, altcoins will tank by 90%. And honestly, I’m not willing to wait five years just to break even.

Here are 4 reasons why I decided to dump my altcoin portfolio:

1. Bitcoin failed to hit $100K even when the Fear & Greed Index was at 94. If it couldn’t break that milestone in such a bullish environment, it’s a red flag for a major market correction.
2. Crypto winters always follow halvings, usually about 9 months later. Right now, it feels like the perfect time to sell while the market is still riding high.
3. The “Trump factor.” Sure, he promised to make crypto “great,” but let’s be real—crypto thrives best when governments stay out of the way, not when they try to get involved.
4. ASIC chips are hitting their physical limits.
   
   Let me explain this one. Over the past 8 years, ASIC miners shrank from 64nm to 5nm, fueling insane growth in Bitcoin’s hash rate. But in 2024, we’re reaching a point where increasing computational power will be minimal. This directly impacts Bitcoin’s security and growth potential. And with Proof-of-Work blockchains, one golden rule always holds: no network growth, no new all-time highs.

View attachment 399275

Thx 4 info

 

[natsuko]

I totally get where you're coming from. I’ve also sold off most of my altcoins for a few of the reasons you mentioned. Bitcoin always leads the way, and if it stumbles, altcoins follow suit. Plus, the halving cycle and the potential for a crypto winter are real risks. I’m also cautious about the government's increasing involvement, it just complicates things. And yes, with the limits of ASIC miners, growth could slow down.

 

[Walter9988]

Alt season resumes in January end

 

[Crytononame]

I think you make it more complicated than it needs to be when it just comes down to simple supply and demand.

Fixed BTC supply (as opposed to fiat currency) vs. ETFs continuous inflows, institutional adoption, MSTR buying, possible country reserves. All in a favorable incoming pro crypto administration.

You're missing one key thing: Bitcoin's tech is pretty basic and doesn't guarantee the safety of your investment.

Hashrate growth has stalled, and miners have been bleeding money for over two years. The market's already dumping mining stocks, and half of them have terrible year-end results.

And let's not forget Google's quantum computer. WSJ says it could crack the blockchain in 10 years.

 

[deppo]

You're missing one key thing: Bitcoin's tech is pretty basic and doesn't guarantee the safety of your investment.

Hashrate growth has stalled, and miners have been bleeding money for over two years. The market's already dumping mining stocks, and half of them have terrible year-end results.

And let's not forget Google's quantum computer. WSJ says it could crack the blockchain in 10 years.

Ok. Then please answer me this. Why is Blackrock buying Bitcoin?

I assume you already know how Blackrock controls 70% of all companies in the world by now

 

[Crytononame]

Ok. Then please answer me this. Why is Blackrock buying Bitcoin?

Hold up. Blackrock isn't actually buying Bitcoin directly. You're mixing up their Bitcoin ETF with actual Bitcoin holdings like Microstrategy has. Those guys (Microstrategy, Tesla, etc.) have Bitcoin on their balance sheets, you can see it in their quarterly reports. Blackrock's reports show no direct Bitcoin holdings.

 

[zaiu1776]

Hold up. Blackrock isn't actually buying Bitcoin directly. You're mixing up their Bitcoin ETF with actual Bitcoin holdings like Microstrategy has. Those guys (Microstrategy, Tesla, etc.) have Bitcoin on their balance sheets, you can see it in their quarterly reports. Blackrock's reports show no direct Bitcoin holdings.

if we have another big dip, im increasing my positions. economics predict $3 million bitcoin by 2050. all of crypto market will grow with that, don't fade generational wealth. get a mix of utility plays and memecoins.

 

[SuperSeoteam]

Bro This time to Buy Altcoins
if you sold altcoins you will be miss next bullrun

 

[seomaster5]

No matter how “promising” altcoins might look, they all dance to Bitcoin’s tune. If BTC takes a nosedive into crypto winter, altcoins will tank by 90%. And honestly, I’m not willing to wait five years just to break even.

Here are 4 reasons why I decided to dump my altcoin portfolio:

1. Bitcoin failed to hit $100K even when the Fear & Greed Index was at 94. If it couldn’t break that milestone in such a bullish environment, it’s a red flag for a major market correction.
2. Crypto winters always follow halvings, usually about 9 months later. Right now, it feels like the perfect time to sell while the market is still riding high.
3. The “Trump factor.” Sure, he promised to make crypto “great,” but let’s be real—crypto thrives best when governments stay out of the way, not when they try to get involved.
4. ASIC chips are hitting their physical limits.
   
   Let me explain this one. Over the past 8 years, ASIC miners shrank from 64nm to 5nm, fueling insane growth in Bitcoin’s hash rate. But in 2024, we’re reaching a point where increasing computational power will be minimal. This directly impacts Bitcoin’s security and growth potential. And with Proof-of-Work blockchains, one golden rule always holds: no network growth, no new all-time highs.

View attachment 399275

Most of the points you raised will be proved false. Like bitcoin already went above 100k

 

[BeeProxy]

You think altcoins season will happen ?
You will buy BTC with lower price bro ?

 

[deppo]

Hold up. Blackrock isn't actually buying Bitcoin directly. You're mixing up their Bitcoin ETF with actual Bitcoin holdings like Microstrategy has. Those guys (Microstrategy, Tesla, etc.) have Bitcoin on their balance sheets, you can see it in their quarterly reports. Blackrock's reports show no direct Bitcoin holdings.

Yes, this is what I mean. They have indirectly set up BTC exposure through their ETF. That alone for me seals the deal the same way that when Warren Buffet buys or sells through Berkshire. For these events, I'm listening.