BitMEX founder Arthur Hayes analyzed which altcoin project will explode the most in the next crypto cycle. Hayes also explained the methodology he used when selecting projects. Here are the details…
This is how Arthur Hayes chooses altcoin projects to invest in
In a new interview with Real Vision, Hayes shared his strategy for choosing altcoins. He states that he is looking for projects that are acceptable and credible enough to survive in the long run. He says he’s scanning the market for these. When he looks at the top 20 by market cap, he says he asks specific questions about bearish coins. “If it has dropped 95 percent, will it survive until the next cycle? Will it survive the next two years? How much money did they raise? If your answer is yes, buy it.
He states that the coins will go down to zero at worst, and increase between 10 and 20 times in the best case. So Hayes states that when the next cycle begins, the projects that fall the most will rise the most. In general, he states that most of the projects will fail. Therefore, “you don’t really care, it’s really just a numbers game.” says.
Have we seen the bottom level in the market?
As for the current market bottom, Hayes says it’s impossible to know for sure. However, he believes that the market is near the bottom. He states that the real question right now is how long prices will stay low. The expert says:
I think we’re around the bottom. Will Bitcoin bottom out at $17,000 or $18,000? It’s not certain. Do we think it will go much lower than that? It probably won’t fall.
Hayes touches on the possibilities of selling in BTC, saying that the largest respected hedge funds and entrepreneurs are experiencing financial difficulties. It also suggests that miners made a hefty sale. “So my view is there is a society that didn’t have to sell a month and a half ago, two months ago, now that we’re back on the same level, it has to sell today,” he says. He states that he believes we have hit rock bottom since he did not see the intensity of trade. “We may not be here for a while, we may be here for a while. That doesn’t mean we’re going up any time soon,” he concludes the interview.
What is the latest situation in the market?
Meanwhile, cryptocoin.com As we have also reported, Bitcoin and other cryptocurrencies entered the weekend with a slight decline. The primary cryptocurrency has been pretty quiet lately. But everything changed when the US released its latest CPI figures. BTC stayed at $19,000 before falling violently to a multi-week low of $18,200. But that was only the beginning of the rollercoaster. The asset skyrocketed by almost $2,000 to reach $20,000. This became the highest price tag in about a week but did not last long. Rather than retrace this level, bears emerged and forced BTC downward. Because of this, the cryptocurrency found itself falling back to $19,000.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.