Looking at the market dominance, bitcoin covers almost 70.5% of the market trade as of time of writing. there is the need for altcoin recovery or it might spell doom for investors. i.e, people invest today on a new project and sell off tomorrow.
According to a wall street executive, Max keiser, he strongly believed that altcoins has reached there dead end and advised that everyone should focus on bitcoin. considering the fact that bitcoin is limited. there is the need for altcoins as the name implies, Alternative coins.
What is your say on this.
If we see it is better to invest in BTC than altcoin. But it is true that bitcoin has a limited amount and everyone must have a strategy to continue to survive in cryptocurrency. And I personally still believe that the altcoin season can happen again and benefit many people.
I don't think everyone should have the same view on the crypto market if we debate regarding investing in the altcoins or BTC. I think the price of BTC is not cheap now for investing and the altcoins have seen at the bottom of the altcoin charts. The dip point is good because of the main trading idea of buying low-selling high. Alt season can start in 2021 too, no need to call it before the BTC halving.