Which would you choose: focus on analyzing one coin or on many coins?

[Hisbullah]

As what I have noticed altcoins are following the movement of Bitcoin. If Bitcoin goes up, altcoins will follow, and if Bitcoin goes down, altcoins will go down as well. Others might think that altcoins have the same characteristics but it's not true. This is because their volatilities are not the same to each other, you may notice in the real time prices of altcoins they have the same trend but if you go to weekly and you zoom out, you will see that they are really don't have the same chart. So it's better to focus on one coin to master it quickly.

Altcoin always follows the movement of Bitcoin, that is true. But there is Altcoin because of its low popularity or has difficulty following the movement of Bitcoin.
And what you discussed above is true, the character of each coin is different if we pull it to weekly or monthly, that is the function of coin analysis when we trade

[target]

As what I have noticed altcoins are following the movement of Bitcoin. If Bitcoin goes up, altcoins will follow, and if Bitcoin goes down, altcoins will go down as well. Others might think that altcoins have the same characteristics but it's not true. This is because their volatilities are not the same to each other, you may notice in the real time prices of altcoins they have the same trend but if you go to weekly and you zoom out, you will see that they are really don't have the same chart. So it's better to focus on one coin to master it quickly.

Altcoin always follows the movement of Bitcoin, that is true. But there is Altcoin because of its low popularity or has difficulty following the movement of Bitcoin.
And what you discussed above is true, the character of each coin is different if we pull it to weekly or monthly, that is the function of coin analysis when we trade

So why not choose an alt coin that follows the Bitcoin patterns. With this you only need to o watch out BTC/USDT and then just decide whether to sell or buy more for whichever that coin is.

I follow more than 3 tokens actually. I hold most of them but sometimes I trade them when the opportunity comes. It may vary to the kind of person but I learn more this way.

[Gurujebs]

]
Altcoin always follows the movement of Bitcoin, that is true. But there is Altcoin because of its low popularity or has difficulty following the movement of Bitcoin.
And what you discussed above is true, the character of each coin is different if we pull it to weekly or monthly, that is the function of coin analysis when we trade

My fear is that there seems not to be a long attraction of trend in this bull run. Usually, there are some signs you will see when you observe altcoins but right now, there is none and Bitcoin is the only coin that has stolen the show and the money is only moving along with it. When you check the US election which is now the reason for the run, it's only Bitcoin that is been considered.

Perhaps when Bitcoin is done with its run, we are going to witness another altcoin market because even Ethereum that seems to be the faves of altcoins isn't moving right now, it's just staying in one place consolidating.

[rizqillah]

]
Altcoin always follows the movement of Bitcoin, that is true. But there is Altcoin because of its low popularity or has difficulty following the movement of Bitcoin.
And what you discussed above is true, the character of each coin is different if we pull it to weekly or monthly, that is the function of coin analysis when we trade

My fear is that there seems not to be a long attraction of trend in this bull run. Usually, there are some signs you will see when you observe altcoins but right now, there is none and Bitcoin is the only coin that has stolen the show and the money is only moving along with it. When you check the US election which is now the reason for the run, it's only Bitcoin that is been considered.

Perhaps when Bitcoin is done with its run, we are going to witness another altcoin market because even Ethereum that seems to be the faves of altcoins isn't moving right now, it's just staying in one place consolidating.

Ethereum indeed seemed to have difficulty again touching $ 3,000 that made investors whether the popularity of Ethereum was eroded by new networks such as Solana and Ton.
The US presidential election will also have an impact for Bitcoin, and if the price of Bitcoin goes up or down will certainly affect the price of Altcoins.
Actually, investors are waiting for the Crypto market price movement after the presidential election next month.

[pieppiep]

Ethereum indeed seemed to have difficulty again touching $ 3,000 that made investors whether the popularity of Ethereum was eroded by new networks such as Solana and Ton.
The US presidential election will also have an impact for Bitcoin, and if the price of Bitcoin goes up or down will certainly affect the price of Altcoins.
Actually, investors are waiting for the Crypto market price movement after the presidential election next month.

We can see that the competition between Ethereum and new networks like Solana and Ton is creating interesting dynamics in the crypto market. This condition makes many investors reconsider their position on the rapidly growing digital asset.

In addition, the US presidential election is an important moment that can trigger significant changes in the market. Investors are now waiting for signals from Bitcoin price movements, because the fluctuations that occur will also affect the price of altcoins as a whole.

[joniboini]

Perhaps when Bitcoin is done with its run, we are going to witness another altcoin market because even Ethereum that seems to be the faves of altcoins isn't moving right now, it's just staying in one place consolidating.

I read an analysis that suggests most investors are allocating their money to Bitcoin for now (BTC dominance is so high), so it's no surprise that altcoins are lagging. There are some exceptions such as meme token which is trending lately, but I don't think it will become the norm. When the market becomes more stable I think we will see Bitcoin dominance go down if we're still in a bull run, which is when the altseason started. CMIIW.

after that, expansion is carried out when the resources you have are sufficient to understand the next new coin... it is always interesting when we understand many coins so that we know many opportunities to create our profit.

I think it helps that regardless of what coin you choose, you'll need to familiarize yourself with charts and indicators. If you find a new token with a stable pattern for daily trading, I predict it will be easier to switch tokens quickly. I'm pretty sure I saw an ad for this thing on another website before.

[Publictalk792]

My fear is that there seems not to be a long attraction of trend in this bull run. Usually, there are some signs you will see when you observe altcoins but right now, there is none and Bitcoin is the only coin that has stolen the show and the money is only moving along with it. When you check the US election which is now the reason for the run, it's only Bitcoin that is been considered.

Perhaps when Bitcoin is done with its run, we are going to witness another altcoin market because even Ethereum that seems to be the faves of altcoins isn't moving right now, it's just staying in one place consolidating.

I get your concerns. Bitcoin rise is unusual because other cryptocurrencies are not joining in. Bitcoin has all attention. US election helped Bitcoin but usually other cryptocurrencies move too. This quiet period might be sign of bigger things to come for altcoins. Ethereum staying steady is good sign. Bitcoin success might help other cryptocurrencies grow. Investors will look elsewhere when Bitcoin slows. Watch market closely. Things might change quickly.

[gunhell16]

People who focus on just one coin, will have a better understanding of the related coin... that is also an important point to be able to master one coin, but it closes other opportunities that are currently available on other coins

Then, for those who analyze many coins, they cannot focus... but they can get broader opportunity information too.. but their understanding is not deep...

Which type of trader is more identical to you?

Being a trader is not easy to do; I'm just talking real talk; it's not enough that you learn how to earn in trading but also, of course, the coins that you will be afraid to buy and hold long or short. Because if we don't find out the potential of a coin, we will also be affected by the bad in the end.

That's why it's also important that we have research done for this, even though the risk is very low if we invest in the top cryptos in the market, and of course we should also know how to take risk in the crypto asset that we will buy.