Syncracy Capital: The current risk-return situation provided by altcoins far exceeds that provided by Bitcoin
According to online reports, Daniel Cheung, co-founder of Syncracy Capital, posted on X: "During this cycle, everyone suddenly identifies themselves as George Soros, constantly monitoring the hourly chart to seize the entry/exit timing and use leverage to operate." Cheung said this is the main reason why altcoins have not broken through as quickly as in "previous cycles." At the same time, Bitcoin's dominance has rebounded to nearly 60% amid stagnant prices in the final days of 2024, and traders are increasingly convinced that it may be time to shift accumulation strategies to altcoins. "At this juncture, the R/R (risk-return) profile provided by altcoins far exceeds that of Bitcoin," anonymous cryptocurrency trader Dyme said in an X post on December 27, adding: "The DCA era of Bitcoin is over, with more than 1.5 years to go."
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.