Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...
Altcoins is a competitor of bitcoins, most of the people who are holding bitcoins is just exchanging their alt to btc which makes the volume of alt to increase and bitcoins demand to increase.
Bitcoin is always dominating the altcoin because peoples are expecting short term profit then they will realise the exact market trend so automatically they are all move to Bitcoin. But all the Crypto is a asset because nowdays fiat is still rule the entire so it is a future technology and This will globalised on future that day all are invested in Bitcoin. The current peoples are jump to all the crypto.