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Attractive Bitcoin Opportunity Over Altcoins

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Bitcoin has seen its market dominance slide from a peak of 65.5% earlier this month all the way down to 44% as altcoins skyrocket. We don’t have a long history of Bitcoin below 50% dominance, but when it has gone below that level, it tends to bounce back over whenever the eyeballs shift back onto Bitcoin. Whether it is due to financial media, a new hard fork, political infighting, or whatever else, when Bitcoin has attention, altcoins tend to suffer.

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If you watched this channel a while, you know I have generally preferred altcoins over Bitcoin starting in October when Bitcoin had its huge bull run with few dips or corrections as a result of anticipation over Bitcoin Gold hard fork and SegWit2x hard fork.

I rooted for altcoins all the way up until SegWit2x was cancelled, at which point I acknowledged an opportunity for Bitcoin if it dipped. It subsequently did and I was able to pick some up for cheap while the threat of the Cashening reached its peak. Since then, Bitcoin bounced back substantially in market dominance and I moved a substantial % of that Bitcoin position into altcoins and cash once Bitcoin hit $10k.

The altcoins have finally started to recover and do well, although many are still below their highs just 2 – 3 months ago. I’ve chosen to convert some of my positions into Bitcoin as I suspect if we undergo a correction in Bitcoin, altcoins will likely follow as they always do and I believe at some point we should see a more substantial correction for Bitcoin down to around $11 – 12k where I’ll start buying.

For now, the cash position in my portfolio shall remain the same. But some of my altcoin holdings, especially the weaker ones (whether because of price or the project itself), I’ve started to convert into Bitcoin as I still want exposure to the market and I see Bitcoin as better exposure currently.

In the video, I also briefly discuss my feelings about Charlie Lee selling all his Litecoin and cryptocurrencies I’m holding despite seeing Bitcoin as a better opportunity than most currently. Thank you for watching / reading everyone.

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If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me – everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently.
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My Recommended Hardware Wallets:

If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously – look it up and you’ll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline):

Ledger Nano S:
Trezor:
Ledger Blue (expensive):

I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn’t matter which one you go with. Ledger Blue is premium and convenient, but not necessary.
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My Favorite Book for Investing in Crypto:

Cryptoassets:

This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn’t bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest.

It’s a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc).
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My Recommended Exchanges: Coinbase / GDAX / Bittrex

If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex.
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Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites.

None of what I provide in my videos is investment advice. Please do your own due diligence.
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12 thoughts on “Attractive Bitcoin Opportunity Over Altcoins

  1. What are your thoughts on Bitcoin against Altcoins? Let me know in the comments. If you’d like a higher chance of me responding (or just to see my responses in a concentrated location), check out my SteemIt: steemit.com/bitcoin/@cryptovestor/attractive-bitcoin-opportunity-over-altcoins. Otherwise, if you’d like live updates, check out my Twitter: twitter.com/Truth_Investor. Thank you for watching.

    1. Hi Crypto Investor, you state crypto is over-valued.. Please can you recommend something else good to invest in?

    2. Crypto Investor , what is your opinion on the new U.S Tax Regulation that says trading from one crypto to another is a taxable event?

    3. Where is your video on the current state?
      Your shift was an absolute mistake… Right?

      I went almost completely liquid tonight except for my ETH, which is still well above my stop…

    4. Crypto Investor XRP is killing it in spite of bitcoin. I think we’re finally at a level where XRP is really going to start pumping.

  2. Hello Traders and interested persons, Trading crypto currencies have always been my profession, helping people become successful is something I am passionate about, and above all, enjoy doing the truth still remains that no one believed in Bitcoins, only but a few did, and in the long run, it turned out to be a huge investment, I have since invested in Ethereum (Dec 2015), Monero (Jan 2016) and lately Omisego (July 2017) all purchased from some of my profits from Btc to go along with my newly acquired free Bch and recently free Omg. I’m currently operating 3 rigs equipped with 6 gpus each. 2 mining Eth and 1 Monero for now, all of which will be re-evaluated after Metropolis kicks in to see which direction I go from here. So I ‘m back to doing more research in order to help with my next movesbut I’ll always be a strong believer in Ethereum which is where I’ve made my money so far. HOLDing on to the rest for now. Btc $10,000-20,000, Eth $2,500- 5,000, Monero $200-400, Omg $100-1,000 no one ever really knows but MY research says yes and so far MY research has not proven me wrong. Bought Btc at $13.44, Eth at .80, Monero at .48, Omg at .43 Bch for free. No where to go but up for me. Just biding my time. It’s taken me over 4 and a half years to get here but I’ve made over $4,000,000 so far with just my original investment plus the cost of my rigs and I’m still sitting on a lot more. Taking a position and HOLDing is where the real profit is and it isn’t going to happen overnight. So if you want aggravation and ulcers go ahead and day trade, try and beat the Market I wish you luck but the real money comes with Research, HOLDing and Patience. Hope this advice helps because in the long run what it all comes down to, its just about digital currencies that will do perfectly well in 2018, You and Me hopefully making the right decisions, feel free to get in touch with surely i will guide you on how to invest wisley in the new unpupolar currencies that will do perfectly well in 2018. (lisaedrick8@gmail com)

  3. I don’t have my steem it up yet but where is the video where he shows you how to read the alt coins value when bit coin is so volatile. I can’t tell when to sell and buy by lookig at a chart and had my first loss because I saw the price change but didn’t realize that really bitcoins changed so I messed up.

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