In the charts I have posted screenshots of the historical prices of 4 altcoins all relative to Bitcoin’s price. Below, are the prices of:
- XRPBTC
- XMRBTC
- SOLBTC
- ETHBTC
You notice that even the no. 2 digital currency globally, ETH, exhibits a pattern where the coin peaks in price relative to Bitcoin’s, and then eventually continues towards a downward trend.
And these four charts are just an example, you can take any altcoin, they all behave the same. Since Bitcoin’s creation there have been over 20,000 altcoins that were released and eventually whithered into nothingness. There is even a website about it called, “Bitcoin Obituaries”. Check it out. Better to stick with Bitcoin.
Head over now to Part 2 of this post at the Insider’s Vault, HERE