Alt-coin season? Yes, it seems like it, just don’t forget to take profit.
This is pretty common-knowledge but for these nibbas, who are new to crypto read this.
Bitcoin is range-bound, money will flow into alts. But make no mistake, the VC’s that have backed these Alts will take profit.
- VC’s fund projects with potential, in return they receive tokens, equity or both usually with massive discount (whole-sale-prices)
- Pump the prices to (retail-prices)
- Pay for air-time on popular crypto-media-outlets, pay popular crypto-influencers to shill a project.
- Take profit in the distribution area.
Forgot to mention. It’s Ba’al season.