I wonder if yesterday will tell a tale of how the entire year will be for BTC?
It was amazing to see such a huge influx of money into the market and most of the top alts gaining 25-100% while BTC, bch, and Ltc were weak in comparison.
Are people going to start funneling these alt profits into BTC or will the alts slowly take down the king this year?
A few months ago all you had to do was buy BTC and you were making huge profits, no longer the case.
It's true that a lot of people have started investing in altcoins pushing their price to all time high but I don't think the game of bitcoin is over yet. Since the bitcoin network is slower than usual due to higher volume of transactions and the fees is also high, people are investing in technically superior coins pushing their price higher. But that's a temporary solution.
Once the lightening network will be implemented, the network will be able to handle transactions more efficiently. The majority of the investment will flow back to bitcoin. We will just have to wait for some more time.