Quote from: StephenJH on August 03, 2020, 10:09:10 PM

Quote from: Mammothcoin on June 01, 2020, 10:37:08 PM

Although the Bitcoin dominance is presently dropping, many people are still more comfortable with buying bitcoin than investing in altcoins. As a result, only when alts gather attention and look primed for a rally do people decide to buy them. Hence the seeming boycott of alts.

That is right people are more comfortable right now about investment, that is why BTC has survived from 9k. It was a bit harder to reach 10k, but after reached this price it would be easy for BTC to reach 11k and l think it will be 12k in the near future. This event has also affected the price of other cryptocurrencies. You can see ETH and others, ETH shows right now 40% more than own early price. l hope it will keep going on till the end of the year.

Yeah, this is true! People are more comfortable to invest in those familiar and big coins such as BTC or ETH. The reason is that these investment offers them a feeling of safe and secure. Furthermore, consider this market's current condition, BTC and ETH is pumping. People are expecting for a bullish season that will be triggered by the launching of ETH 2.0. Let's see how the market works out!