Syncracy Capital co-founder: The risk-return situation provided by altcoins currently far exceeds that of Bitcoin

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Cointime2024/12/29 07:11

By:Cointime

Daniel Cheung, co-founder of Syncracy Capital, wrote in a post on X that "in this cycle, everyone suddenly thinks they are George Soros, constantly monitoring the hourly chart to grasp the entry/exit timing and using leverage to operate." Cheung said this is the main reason why altcoins did not break through as quickly as they did in the "previous few cycles".

Meanwhile, with the dominance of Bitcoin rising to nearly 60% in the last few days of 2024 when prices were stagnant, traders are increasingly convinced that now may be the time to shift their accumulation strategy to altcoins.

"At this juncture, altcoins offer a much better risk/reward ratio than Bitcoin," anonymous cryptocurrency trader Dyme said in a post on X on December 27, adding: "The DCA era of Bitcoin has ended, with over 1.5 years left."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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