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.
It is a matter of regret that crypto market is now decline mode. Crypto trading volume and market capital reduced. BTC dominance is now 65% and maximum altcoins are now becoming worthless. Holding altcoins increase loss almost everyday. We are holding altcoins and hoping that altcoins will come back to its strong position as we have seen in 2017 last.
Market is declining and we are now in blood bath situation, this might be frustrating for some investors waiting for btc/alts uptrend but lets keep in mind that this is not permanent. It can take a long period for the coins to bounce back drastically so for now be firm and patient, the time will come that we can sell our assets in acceptable price.