/biz/ - Business & Finance

>>27531608
Yeah, once the market becomes like this, it's hard to fuck up. Just make sure you stay level-headed and never get too greedy.
>Got any insight you wanna share with a newbie?
Well, some might disagree, but something I tend to tell newbies is to always trade alts with the goal of accumulating BTC. I'm no BTC maxi or anything, but bull markets generally follow the pattern of pic related. In practice, this means that you should judge performance of alts against BTC, not fiat, and try to recognize the phases of these cycles to get the most out of them.

It's just part of the cycle rather than it being some sort of big resistance. Money trickles down until it all comes back to BTC again when it's consolidated enough. Use these breaks to trade alts and accumulate more BTC.