• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

Altcoin Market Following Early Bitcoin Path Could Lead to Life-Changing Wealth

Tony Spilotro by Tony Spilotro
1 year ago
in Cryptocurrency news, Bitcoin
Reading Time: 3min read
bitcoin altcoin crypto wealth
Advertisement

The price chart of the current altcoin market closely resembles that of the early Bitcoin price chart and could signal that whoever is buying the current dip across the crypto market could end up generating life-changing wealth from their investment.

Life-Changing Wealth Altcoin Market Follows Early Bitcoin Market Cycle

When Bitcoin first was released into the wild, nobody knew what the asset or technology was, and it was virtually worthless. But those that bought the first major dip in Bitcoin may have caught the greatest financial opportunity that’s ever existed… until now.

According to one cryptocurrency analyst comparing the trajectory of early Bitcoin to the price chart of the total altcoin market cap, the price action taking place on both charts is extremely similar.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | Altcoin Market Bottoms With Highest Buy Volume in Crypto History

The analyst says that those that are buying the altcoin dip currently, much like what occurred in early Bitcoin, will make “life-changing wealth” from here.

#Altcoins are following Bitcoins 2011-2012 early cycles perfectly.

– Life-changing wealth is going to be made here.

– The volume profiles are exactly the same.

– Colored boxes showing the repeat of human emotional cycles.

– I expect a double bottom breakout. pic.twitter.com/bDsnRqsIAZ

— Highaltitudeinv (@HighAltitudeInv) January 22, 2020

The analyst even points to the fact that the recent explosion in buy volume on the weekly altcoin market price chart shows “exactly the same” volume profile as early Bitcoin.

Colored boxes have been added to the chart to show a repeat of human emotions, which according to many financial market theories, are cyclical.

The charts also depict a double bottom formation, which the analyst expects the altcoin market to soon break out from and go on a massive, wealth-generating rally that could change the lives of crypto investors everywhere.

Is the Crypto Winter Finally Over?

The altcoin market did experience a breakout this past month, resulting in an uptrend of over 50% gains in 30 days or less.

The breakout was accompanied by the largest spike in buy volume on weekly altcoin price charts, potentially signaling that the bottom is in.

Volume is said to precede price in financial markets like Bitcoin and cryptocurrencies, and the boost in altcoin buy volume could be a sign that prices are going to skyrocket once again.

During the 2017 crypto bubble and Bitcoin bull run, many altcoins went on rallies, gaining over a few thousand percents in ROI for investors. But the bubble ultimately popped and these assets declined by a much as 99% in some cases.

Even Bitcoin, a more established cryptocurrency, fell by over 80%.

Related Reading | Altcoin Market Preparing Shocking Disbelief Rally According to Wall Street Cheat Sheet 

The even more speculative altcoins suffered worse, but after such a deep drawdown phase and such oversold conditions, could be ready for liftoff and take crypto investors by surprise at how fast and strong they move back into an uptrend.

After two full years of a bear market, altcoins could finally be ready to grow once again. If they don’t, altcoin prices may never return to previous all-time highs and could be considered a failed experiment by the greater technology and finance industries.

Featured image from Shutterstock
Tags: altcoinbitcoincryptovolumewealth
TweetShare127
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

Related Posts

Bitcoin BTC

Why Bitcoin below $60K could be a great buying opportunity

46 mins ago
Ethereum ETH ETHUSD

How Ethereum’s gas fees could be on a lasting downtrend

2 hours ago
Cardano ADA ADAUSDT

Why ADA could run hotter than Bitcoin and make 10x gains

3 hours ago
Value Network

Value Networks’ Binary Options on Qtum Blockchain Experienced 200x Growth in DeFi

16 hours ago
OlympusDAO OHM

Why this OlympusDAO’s product could be amongst DeFi most lucrative

1 day ago
Bitcoin BTC BTCUSD

How Bitcoin back above $60,000 could create a powerful upside move

1 day ago

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.