- In today's time, there are many options for community investors to choose from to make a profit in this field of the cryptocurrency industry. Bitcoin is not the only thing that can give a good profit; let's just talk real. I don't have anything against Bitcoin; it's actually proven.
So if you really want to make a lot of money during this bull run, especially, bitcoin is only suitable for whale investors or big companies to get a big return on their capital. But for people who are not rich or in the middle, only altcoins are suitable for them if they want to get huge earnings in the crypto space. This is just my opinion.
If you look at the history of the market last year this year until the middle of the year the market will remain red until at the end of the year the market starts to show signs of an increase, if this scheme is the same as last year maybe finding profits from the Altcoin season is not too difficult.
That too could be considered a potential pattern to guide investors towards making certain investment decisions. Though, like we already know past performances doesn't always guarantee future results as the pattern can choose to change at anytime.
I remember people speculating and predicting the price of bitcoin to fall below 60k before the last concluded halving, and then after the halving the price would pump above 70k and set a new ATH because that has been the previous trends, but did it happen like that? Certainly no, in fact, I think it was actually the opposite.
The market set the new ATH before the halving and after the halving, we started experiencing a DIP that has actually drop bitcoin price down to 60k. Even though the market will still recover, assuming majority followed the prediction, many would've made wrong choices which would've cost them.