We all are aware of bitcoin halving and most of the users are discussing about a possible bitcoin pump post halving which might or not not give pump to the value of altcoins. So do you think halving will provide openings for altcoins with a pump or altcoins will continue to be bearish in 2020?
It seems to me that people are now giving more importance to Bitcoin than altcoin. Because there are people in Corona panic all over the world this time. At the moment, very few people will consider investing. Those who invest will first they think Bitcoin is safer. If the Corona Virus 2020 lasts throughout the year, then there is little chance of recovering the altcoin market.
There was never a chance that people are investing more on altcoins than in bitcoin, if you look at the dominance rate now, bitcoin still got it, it's still dominating with 64% dominant rate now. We can't conclude this year yet, the start was bullish, and now it's struggling but we can be bullish in the last quarter and even make a new ATH, that way altcoins will also rise. What we need to focus now is on when this virus will be defeated which our scientist are currently working on finding the vaccine.