When to invest in different cryptocurrencies?

This is the shortest and simplest article you are going to get to understand price movement in Crypto Currencies.

Remember, Bitcoin is the king of this world with the largest market share which usually hovers around 40–60%. Other coins are called Alt( Alternative) Coins, there are about 8500 Alt coins at the time of this article being written.

But, Bitcoin Dominance and not Bitcoin determines the price movement of all other coins.

Rules of price movement in Crypto Currencies:

1. Bitcoin price increases and Bitcoin dominance increases , then people will shift money in Bitcoin, other coins and USDT( Crypto pegged to the US Dollar) — meant to be a stable coin, will lose value.
2. Bitcoin Price decreases and Bitcoin Dominance increases, then people are worried that the whole market is going down, they shift money to fiat like USDT. Other coins lose value faster and more than Bitcoin in this case.
3. Bitcoin Price remains in a particular range( called sideways movement) and Bitcoin Dominance decreases , this is called Alt Season. The alt coins will pump in huge numbers, first the large caps like Ethereum, Binance etc and then followed by small caps like Nano, Cosmos etc.

Using the above three rules you can predict the movement of the coins and invest accordingly. The shift of money can be explained by a chart I found on a random telegram group which I do not remember now, else would have given due credit.

Remember, once the alts pump( to the moon), take your profits, for the market shall again move to a new cycle.

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* This article was written for Turtles of Investing and is a collaborated work of the author with Pooja.