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Bitcoin's Clearer Direction Amid Altcoin Scam Risks
Determining the direction of BTC is actually much easier (when to buy and sell). Most altcoins are bUzcoins (Olga Buzkova's coin, meaning scams). Their owners drain money from them and invest in BTC as a showcase similar to the SPX index.
Most bloggers are amateurs, and they don't even look at basic monthly RSI on the ETHBTC chart, which indicates when the altcoin season will start. Instead, they show a bunch of unnecessary changes and feed the public the idea that an altcoin season is imminent.
People followed the bloggers and are already in altcoins at unprofitable prices, but if delisting doesn't happen, they will at least retrieve their funds.
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AI Analysis
The perspective emphasizes that Bitcoin (BTC) provides a more straightforward indication of market direction, as its buy and sell points are clearer. In contrast, many alternative cryptocurrencies (al...
AI Recommendation
Investors should prioritize technical analysis and market fundamentals over social media hype when making trading decisions. Relying on indicators like the RSI of ETH/BTC can provide valuable signals ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.