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/biz/ - Business & Finance

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12147285 No.12147285 [Reply] [Original]

You do realize that shitcoins pumping together with bitcoin means this is just another dead cat bounce, right?

Here is how 2019 is gonna play out:
>we will keep bouncing around 3k for a while
>bitcoin will slowly creep up the dominance to maybe 65-70%
>meanwhile Lightning Network keeps growing exponentially rendering shitcoins even more useless
>at some point we capitulate down to maybe 1500, at this moment shitcoins are down another 90% from today
>late 2019 bitcoin starts another bull run, but this time leaves the shitcoins behind, eventually regaining over 90% dominance

We get to at most 4200 this time.

>> No.12147408

> You do realize that shitcoins pumping together with bitcoin means this is just another dead cat bounce, right?

No, it's what happens when both bitcoin and alts are oversold, combined with the proliferation of tether

This scenario has not ever happened to this extent before, we are in uncharted territory

Alts will outperform bitcoin throughout this golden bull, mark my words

>> No.12147646
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12147646

>>12147408
>golden bull
This is a dead cat that will end mid January at the latest. The fact that alts go up now means dumb money has not been driven out of the market yet.
Bear markets reverse when you have almost nothing but bitcoin hodlers left in the market.