BTC GFX Abstract

Bitcoin recovering, Altcoins to follow with BAT leading the way

By Thomas Wolf | Thomas Wolf's Den | 17 Mar 2020


As one would expect, Bitcoin in a rise means all coins in a rise, with few exceptions.

I've been monitoring the BTC recovery and it's currently up to $5,410 after being down to $4,400 yesterday.  I managed to get my BAT payout for the week during that dip and was quite pleased as it was below my initial investment for another project.

This was snapped moments ago and its currently continuing to rise; I hope it holds!
BAT Graph

I'm happy to see the bitcoin market start to recover and I feel the more dips and scared investor cash outs that we see, the more the coins will gain in value due to a marked upward trend rather than the current trend of fear due to the coronavirus and market crashes.

I would say it's "no longer peak time to invest" as my money has now broken even, unless we were to see another substantial drop, of course.

As you can see below there is a typical strong correlation with Bitcoin recovery and altcoin recoveries:

Coinbase Current Market Snap

I fortunately invested in BAT as well as BTC, which happens to have the highest % increase overnight except for Chainlink which I considered investing in, but figured it wouldn't hold a large enough margin in the short term.  That and I have never really cared about Chainlink...

With any hope it won't be too long before those of us that invested see a healthy return.  Until then, I will HODL the line...

-Thomas Wolf


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Thomas Wolf
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