Probably when Bitcoin will raise again...
BTC has risen over 20% in the last week , but alts have dropped
significantly in the last week.
What will alts do when BTC does another 10/20% percent bounce ? probably dump. A 10% dump ? alts will dump. It's insane i think.
But i hope i'm wrong and markets will turn normal at some moment of time.
People want bitcoin for 10th August. What will happen after 10th August? Huge BTC dump. And probably soon after a bottom of this Bitcoin cycle. So what good trader do when everyone is buying Bitcoin? They buy alts. So Buy Monero and buy back Bitcoin after 10th August dump. If you need Bitcoin so much.
This was just the scenario that happened last year BEFORE the alt season. Everybody keeps forgetting that alts don't always rise and fall together with BTC, in fact, they do the exact opposite before doing the copy Bitcoin moves dance.
When Bitcoin dominace very low = price start climbing.
When Bitcoin dominance gaining and alt losing = price start climbing. People sell alts for BTC.
When Bitcoin dominance high = price stabilizing. Buying alts is good idea. Then as it goes down, everything goes copycat.