When to SELL Your Altcoins: Complete Guide!! 📈
The cryptocurrency market is small and young compared to other similar markets. The fact that the crypto market consists of very new and fairly complicated technologies has made it very volatile.
As governments and seasoned investors (which hold much of the wealth) become more familiar with BitcoinBitcoin (btc)1$ 62,642.92-0.75%-5.60%9.67%details and other cryptocurrencies, they are starting to invest more into the space. However, the cryptocurrency market is still mostly made of money from inexperienced and opportunistic investors.
Despite its day to day volatility, the cryptocurrency market follows a clear 4-year cycle which is being driven by Bitcoin’s halving cycle. Every time a occurs, the total supply of new Bitcoin coming into the market from miners is cut in half. The term altcoin is used to describe any cryptocurrency that isn’t Bitcoin.
There are thousands of Altcoins Altcoin is a cryptocurrency alternative to Bitcoin — its name is a portmanteau of “alternative” and “coin.”Learn more, and they are generally much more volatile than Bitcoin. This makes them even less friendly to seasoned investors. Their price action is also largely driven by Bitcoins. Altcoins only make up a small portion of the total cryptocurrency . Small and medium cap altcoins have the biggest potential for growth since it is easier to double a 100 million market cap than a 100 billion market cap. It is unlikely that any altcoin will have a larger market cap than Bitcoin.
2:14 The Cryptocurrency Market
6:40 The Altcoin Market
10:05 Tokenomics Tokenomics is the study of how cryptocurrencies work within the broader ecosystem and refers to a token’s quality and anything that impacts its value.Learn more
16:47 Technical Indicators
20:01 Exit Strategy Simulation
23:20 Final Thoughts