Understanding the Impact of Bitcoin and Ethereum on Altcoins and Copycat Coins

This wave of corrections in Bitcoin and Ethereum has led to a major correction in the entire altcoin community, with many coins correcting by more than 40% from their highs! During this wave of callbacks, Ange thought about the reasons why some people always lose money.

Why is everyone paying attention to the rise and fall of Bitcoin and Ethereum? Do they all hold a lot of BTC and ETH? I can't see

Many people in the currency circle will never buy BTC. The main reason is that the price of the pie is too high. Even if the market is falling during this period, the minimum price of the pie in the past two days is 60,800. Some people may buy a little bit of Ethereum. According to statistics, about 75% of people never buy BTC and Ethereum. Most people only play with altcoins, contracts, and local dogs. (To put it bluntly, some people come to the currency circle with the dream of getting rich overnight)

So here’s the question, if you don’t buy BTC or ETH, why do you always pay attention to their rise and fall? Why do you always worry about things that have nothing to do with you?

Some people may say, if Bitcoin doesn’t rise, how can copycats rise? If you don’t pull the big cake and the second cake, how can you pull the copycat cake?

The rise and fall of Bitcoin most of the time is a game between institutions and giant whales. No matter whether Bitcoin and Ethereum rise or fall every day, there will be explosive coins on the increase list, but you didn't buy it! Or maybe it’s just that the currency you bought didn’t rise! There is also a kind of currency that people buy that follows the decline but not the rise!

Conclusion: People who play copycats don’t need to pay too much attention to the pie and ether. They just need to take a quick look. Don’t be too distracted by the pie and ether. You should still focus more on the copycats you hold several times.

The most essential difference between the bull market and the bear market in the currency circle is that there are more coins that skyrocket in the bull market, and the funds in the bull market are large and deep, that's all. As long as the resources are strong enough, there are enough information channels, and your thinking pattern is broader, you can survive the bull market and the bear market in the currency circle! .

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标签：bitcoin COINS COPYCAT