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.
There's no doubt that investing in new altcoin through the ICO and IEO is a death trap because most of the time the value tends to dump substantially after listing. The entire market has been bearish for a while now, but those who are willing to take the risk can still invest in some promising altcoin. Bitcoin is not a safe haven as the value is also on the decline, I believe USDT should be a better option.