Ben says no one might have seen the Bitcoin massive dip coming but was all but a certainty after it blew past $54k. He suggests people should start looking around accumulating other coins before the gigantic run up (0:09).
People have to start taking profits out of Bitcoin and put them into altcoins so they can run as the compound effects of buying these coins at these prices we have down the road will be massive says Ben (0:30).
Ben is joined by Carl from The Moon channel to discuss something brewing in the market that could be massive, leading to a hyper alt coin super cycle.
Carl says there is a crucial level on the Bitcoin dominance chart that when broken would see alt coins go on a parabolic run, doing 50x and 100x like we saw in 2017-2018 (2:04).
Carl says we have had three bounces off the trend line level which is significant from as far back as 2018 which was the lowest Bitcoin dominance and alt coins topped out, now testing for the fourth time which increases the likelihood of the level being broken allowing alts to run (4:24).
Carl says the strategy he follows in a bear market is to have his portfolio in Bitcoin as it is safer and the volatility to the downside is less. He said it would be normal to go for more risk in a bull market to maximize profits and is found in Ethereum and other altcoins. Carl says it makes sense for him to increase his exposure to alt coins if we break the Bitcoin dominance current key level (8:51).
This episode premiered on February 23rd, 2021.