An Alt to BTC pair tells how a crypto asset is performing against BTC over a period of time. Perhaps the most famous alt to btc pair is ETH to BTC and although ETH is up in USD it has never hit a new ATH against BTC. In fact if you purchased ETH during the ETH to BTC ATH on June 11th 2017 you'd be up ~11X in USD on your investment. But had you bought BTC instead you'd be up over 33x... The fact is almost every single alt will be outperformed by BTC over time and although a few alts may break that trend especially in the short term. Holding alts through multiple cycles is risky at best and foolish at worst. If we look at the top 100 Alts from 2021, not a single alt from the top 100 in 2021 has managed to break it's 2021 or 2022 ATH against BTC. https://web.archive.org/web/20211123023737/https://www.coingecko.com/en Now you're probably thinking one of the following. So I'll preemptively address them.
So let's break these down one by one. * "Alt Season is just getting started" BTC Dominance has definitely fallen but if you're gambling on future gains you have to first accept it's a gamble, and the current break down could be the farthest that it goes. If you have gains it's not a bad thing to realize gains. * "Ya but I'm up in USD on my investment" If that's you, you either purchased a long time ago in a bear market and held through a bull market, and a bear market - and you would most likely be up even more if you just purchased BTC. Alternatively you are a new purchaser and you got some nice gains on the breakdown of BTC dominance. If you held your ALT from 2021 to today you are guaranteed to be down significantly compared to just holding BTC. * "I don't want to trade because taxes are complicated" Ya Taxes are complicated but that only matters if you're in profit. If you hold your alt to the top and back down because "you're a long term holder", you are simply making bad investment decisions. * "It's safer to hold and your grandchildren will thank you" Please STOP with this nonsense, Long term nearly every Crypto asset will not only bleed value against BTC but also bleed value in USD. Don't believe me check the top 100 crypto assets in 2017, 2021, and 2024 and count how many assets from 2017 are still in the top 100 today. * "Stop trying to get people to sell" I'm not trying to get people to sell, I'm trying to get people to stop with the the nonsense where they demonize selling. You can hold your alt of your choice just don't reinforce the mindless selling alts is bad philosophy. * "I'm not a trader I make a plan and stick to it" It's always good to stick to a plan in investments and to think rationally but if your plan is to hold your alt for the next ten years, just buy BTC instead. * "You're a trashy BTC Maxi" I'm not a BTC Maxi I wouldn't have 98% of my crypto investments in rCC Moons if I was a BTC maxi. ----- Another not so Fun Fact only two of the top 30 crypto assets in 2021 have hit a new USD ATH since... Solana and Tron... but both are still down compared to their 2021 ALT to BTC ATHs. [link] [comments] |
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