3 Genuine Reasons I Am Cautious About Altcoins Entering the New Year
In crypto, we should always expect the unexpected. To base these hypotheses, many formulate theories about cycles, macroeconomic events, investor psychology, and technical patterns. So, here’s my take.
Every few months, I see a story about someone dying as they try taking a selfie at a cliff’s edge, near a waterfall, or on a rooftop. As much as I want to feel sympathetic toward the victim, they typically avoid posted warnings or lack common sense. Then again, sometimes, I’m just an asshole. I’ve done all sorts of dumb things, like riding in the bed of a pickup truck, being a passenger with a drunk driver, and eating Sizzler.
Luckily, these bad decisions didn’t result in a tragic accident. Then, other bloggers could write about what kind of an idiot I was. I made the dumb decisions knowing they weren’t the brightest or safest thing to do.
The purpose of this post is to share some of the warning signs I see in the altcoin market today. And while some tokens and coins may seem like screaming buys today, they may become irresistible buys soon.
I do still own and hold many altcoins. Most of them I either have long-term…
