iExec RLC | This Wave Can Be Much Stronger... Why People Trade!Notice the early 2024 bullish wave; it is small and also short-lived. This is understandable because Bitcoin was going up strongly and this tends to absorb all of the energy that is in the market. It doesn't matter what the situation is, Bitcoin shines because Bitcoin is the name of the game.
Back in 2023, Bitcoin went through a process of more than six months of bullish consolidation and there was tons of hype with the launch of the Spot ETF, the stage was set for growth.
But what about now?
iExec RLC (RLCBTC) produced a major low, a strong correction; eight months going down but this is over.
Bitcoin has been sideways and lower for six months.
There are no Spot ETFs, no hype and September is always the worst month. The stage is set for the Altcoins to grow.
This bullish wave that RLCBTC will produce now can be many times bigger, stronger, than the one we saw in early 2024. That's my point.
➖ Why People Trade? Example
1 BTC = 1 BTC
That's ok. That's great. This is great for a holders mentality.
Say Bitcoin moves from $60,000 to $30,000 and nothing changes, because 1 BTC = 1 BTC. If you are a holder.
Say RLCBTC grows 200%. This is easy for the Altcoins.
1 BTC after 200% growth = 3 BTC.
It doesn't matter what Bitcoin's price is, 3 BTC is not the same as 1 BTC.
Namaste.
