Heisenberg Capital, led by Max Keiser and Stacy Herbert, two of the most early cryptocurrency adopters, gave a statement that BTC will probably outperform in the near term and will end the whole game for alts as the whole capital is currently being fetched out of alts and being put in BTC only to make it realize its true value. They believe that 2018 was all a comeback for Bitcoin to claw back the market share out of altcoins.
I've been watching and I'm seeing each and every of their word to be getting proven true as all the alts are just declining and people are trying to steal the only giant cryptocurrency - Bitcoins by only playing the leveraged trading games going on over Futures platforms and exchanges like Bitmex. The volume for each alt is declining to their all time lows while BTC has started showing greater possibilities of breaking its all time record highs once again. Please share your thoughts on this and tell me what do you think.
Based on what I know on the history of Bitcoin, when it can be gaining grounds many of the altcoins will be carried with it along the way. The excitement in Bitcoin can overspill into many altcoins but of course it does not mean that all altcoins can get benefited as there can be some that will be left behind. In the year 2017 when Bitcoin almost reached the $20K level, many altcoins also did their own bull run. Bitcoin then is the barometer of the whole cryptocurrency industry...when people are rushing into its bandwagon we can expect some eyeballs also into many good altcoins. When Bitcoin is up the whole industry can be up and when Bitcoin is down the same thing can happen with the rest of his minions though they are all competitors in many ways.