/biz/ - Business & Finance

We're in an alt coin bubble and no one seems to care. Last time alts overextended btc the market dumped.

>>29309360
It brokeout midnight EST 2/20. ETA on next movement is the tail end of this week.

Current over-extended alts that I'm seeing based on common biz mentions, there's likely many more.

XLM XRP ETH ALGO GRT LTC ZRX LINK NU

If we have an alt season, either the alt season happens as BTC peaks and these shoot further off into the stars solidifying themselves as stable solo coins, they tank with BTC clearing their over extension to varying degrees or they barely move relative to other alts and still signal that they're steady coins and provide a solid usecase.
I think in a few months, looking back, the biggest idea to consider after this cycle isn't what altcoin(s) you successfully picked to 10x or 100x, timing BTC or another coin at the top, or even choosing to hold onto your SATs till the next run. I think after this run we're going to see further widespread adoption of crypto/blockchain tech. Crypto, even non BTC, isn't just funny money anymore; I think the over extension of many altcoins signals a breakthrough of global adoption of blockchain tech and alts will begin to be permanently valued by what they do and not their price relative to BTC. For the coins I listed some may fail for various reasons or succeed for other reasons but it likely won't be due to BTC tanking in the coming years.

>>29230051
>those hands
>that chin
>the TA chart hanging from the ceiling
That's a man.