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❕NEWS A top trader at Bitfinex predicts massive Altcoins extinction before the next Bitcoin rally

Casino / Exchange / Faucet / Bankroll Investments

Emoney

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As per Daily hodl, the top trader Joe007 says that before the next bitcoin rally, many altcoins will experiencing downward spiral to oblivion. Not only that, Joe007 who is also topped the Bitfinex's trading leaderboard also says that in short term, bitcoin will likely to enter a bearish position. Nonetheless, he is still believe in bitcoin long term viability and rise to bullish position in the next few months. What do you think about his prediction?
 

Tragic

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This is word manipulation. There are no specific prices. There are no specific dates. Do you know why? Because nobody knows anything. All traders will go broke over time. Read more books and think for yourself.
 

Emoney

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It's up to people to believe theses "predictions" or not. I was just sharing the news. Not to mention, there's a truth in his statement since a lot of altcoins are nothing more than empty hope and false promises and only a handful of them able to survive.
 

onlyprofits

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On the descending expirations of some coins, that's true, there are too many coins that only appeared to give profit to the creators, but from there, they are no more useful.
On the drop in BTC, I cannot argue with anyone experienced, but right now it has already broken strong resistance and is testing the next one in the 11,500 area.
 

De-rector

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To a greater extent his prediction about bitcoin bullish is coming to reality however no doubt most coins will seize to exist soonest as we can see that they already sleeping.
 

Josemendez

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As per Daily hodl, the top trader Joe007 says that before the next bitcoin rally, many altcoins will experiencing downward spiral to oblivion. Not only that, Joe007 who is also topped the Bitfinex's trading leaderboard also says that in short term, bitcoin will likely to enter a bearish position. Nonetheless, he is still believe in bitcoin long term viability and rise to bullish position in the next few months. What do you think about his prediction?
I don't see any reason why altcoin like ethereum , ripple , bitcoin cash will go into distinction considering how high they have risen recently. He is just a trader saying what he feels confortable with.
 

onlyprofits

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From my point of view, the message I wanted to give is that there are many cryptocurrencies that were only created as a game or hobby among people, others to get money from the gullible and at this moment its value drops to almost zero, therefore that it leads people to migrate their capital towards more stable cryptocurrencies with a better future.
 

Ogotze8

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So any trader or investor yet makes a prediction and that is it? I was hoping to see some better explanation. Bitcoin can go bullish but I don't see why some altcoins should disappear.
 

Savio

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I think otherwise , altcoins will do better together with the bitcoin, especially those in the same network with bitcoin . Already ethereum , ripple , bitcoin cash are on the rise
 

Ewogboka

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There are some coins that won't disappear anytime soon especially those famous altcoin but the shit coins can vanish because they aren't adding value to crypto currency market as suchm
 

Ogotze8

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There are some coins that won't disappear anytime soon especially those famous altcoin but the shit coins can vanish because they aren't adding value to crypto currency market as suchm
Shit coins? I guess you are a Nigerian. Lol. You are on point. The very popular altcoins will remain for a very very long time. No one can just say ethereum will fade away.
 

Ademoladm

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The is really manipulating content but not withstanding alot of coins are rising some underrated crytpocurrencies are riseing rapidly and with the research i did, only few will go extint
 

Ogotze8

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The is really manipulating content but not withstanding alot of coins are rising some underrated crytpocurrencies are riseing rapidly and with the research i did, only few will go extint
I could have said the exact same thing the trader said. Of course, some altcoins would cease to exist but he failed to be name names.
 
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