Critically observing the rate at which bitcoin value is low at this time, I now imagined how low other altcoin will be by now,even with bitcoins superiority. What is your view?
I think this will be over soon. When the value of the alts reaches a very low level in the near future, when bitcoin dominance reaches 71% - 73%, then the market will reverse. because when there are too many transactions in Bitcoin but the price still cannot push, traders will lose faith and start selling Bitcoin to buy and hold altcoins.
That is the general sentiment and that will happen soon. The market will balance again.
Most altcoins have already reached their bottomed and there is no where they are decreasing too again, before bitcoin started its bull run in April, it bottomed and it was at the point where it could not go low any further that it started increasing, and I am sure that this is the same pattern that altcoins too will use, the they altcoins will start their own surge will not be announced just like bitcoin, and we can see how some people, that could not place an order for bitcoin when it was $4000 was still regretting because they never saw bitcoin surge coming, and they were expecting the value to keep going down again because of the bear market.
There is another chance of altcoins for us now and I think we should not throw this one away, we should just invest and then wait for as long as we can.