I have just developed a new strategy. Instead of HOLDING that might take forever. I just sell my altcoins to BTC.
Just like now, BTC is about to go up again to hit $5000 usd. So I sell all my altcoins and wait for Bitcoin to go up. Soon Altcoins will start to dump itself.
And that is the time I will rebuy all again my coins from the dip. This would give me more income. Just remember: If Bitcoin is going up fast, expect an altcoin crash.
Completely agree, that's pretty much something you would do in the forex market as well. In essence, you are longing bitcoin, whilst shorting altcoins. To add to this, you guys can refer to the altcoin's value in USD (or your local currency) to see whether the coin has weakened significantly, or it has simply weakened due to a strong bitcoin.
It seems to me that Bitcoin does not at all depend on one crypto currency and certainly not on one currency in the real world. Bitcoin is itself auva and depends on its price at all about other factors. It seems to me that because of some manipulation, or even an artificial guide, Bitcoin may start to grow or fall. There are some factors that, in my opinion, affect the course of events with regard to the price of Bitcoin.