A contrarian bet: altcoins

We’re in a scenario today where the sentiment surrounding altcoins is disproportionately negative.

Back in December 2018, I stated that Bitcoin was over-sold and had most likely bottomed. Fast-forward 9 months, Bitcoin has increased by more than 100% in price whilst most altcoins have failed to surge synonymously. It’s August 2019, and the sentiment towards altcoins reflects that of Bitcoin 9 months ago. People are scared to take the plunge, wondering if they’ll ever return, just like people were worried about Bitcoin.