In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them
* Bitcoin dominance Increases when more and more people buy and simply hold BTC.
* Bitcoin dominance decreases when more and more people sell BTC.
So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.
not always altcoins depending on BTC dominance. as proof that in 2019 bitcoin has increased but all altcoins have a broken price even ETH is powerless to rise to high prices. so that perception might happen a few years back before 2019. because now bitcoin has increased but altcoins are still crawling and cannot rise drastically