Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?
Tony Vays is very bias with his assessment of Altcoins, definitely we have many shit coins in the space and a lot of people has been extremely hurt, but people have short memories and will invest in anything that ill likely fetch them money. Altcoins have come to stay in IMO and will rise more and more
When Bitcoin enters its bullish stage, there will be many massive sales of altcoins, which will cause the fall of the altcoins, but at the time of correction of bitcoin is the ideal time to start buying altcoins, they are cheaper and the strategy would be hold. , because those who have bitcoins will begin to protect their gains in the altcoins, and these will begin to increase little by little.
All these movements are relative, and somehow they are coordinated so that investors begin to see the benefits of their investments in altcoins, this will only happen when Bitcoin enters the bullish phase. Maybe Tony Vays did not say everything that can happen and the market view did not reveal it completely, it only revealed a small part, but in these cases, he can not have total certainty about what will happen in the market.