Thread: Money Bitcoin Take?
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Old 12-18-2018, 12:33 PM   #1668
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Quote:
Originally Posted by 'Hamas' Jenkins View Post
Taco John did the exact opposite you needed to do in crpyto this year. During periods of crypto recession, you want to move your crypto portfolio to almost solely the big boys such as Bitcoin and Ethereum. They lost their value the least in the last year. While alot of alt coins burned up or lost way way more of their value compared to bitcoin.

I do expect Bitcoin to be back. I think Monero is a good coin as well for a successful alt due to it's privacy features but by far and large most alts are just a gimmick. What you saw was Bitcoin being manipulated in price once Wall Street guys got involved. The true price of bitcoin probably lies in between the price it was before the bull run and the top ($19,800). There is no reason to believe it won't become 10k again someday.
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