It’s time to take off rose-colored glasses

05 July 2019, Friday, 03:02 - Edward Xilay
It’s time to take off rose-colored glasses

Most of the alts continue losing to price by bit, but adding in dollars due to the growing BTC. After the altcoin season, you need to calculate the profitability of the violas.

More than 90% of stock managers cannot overtake the S&P 500 index in the period of 15 years. The vast majority of speculators make less money than investors who bought the index.

Bitcoin is a crypto indicator. Everyone becomes a genius in the bull run but still loses the Bitcoin in the long-run. Most of the alts continue losing to price by bit but adding in dollars due to the growing BTC. Although you have the illusion that you are doing everything right, you are actually losing the index. Thus, I do not consider the charts for the USD pairs during the bull market.

If you decide to keep the altcoin, then set a goal to overtake the index (Bitcoin). You need to sum up the profitability of your transactions with altcoins after the alt-season. Until then, the fall of the alts does not matter if you hold the token and are able to wait for the pumping to sell your position. This approach will give a real assessment of your abilities.



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