Quote from: XEsseKasper on Today at 03:11:03 PM

In my opinion all crypto currencies are to some extent positively correlated to Bitcoin. So, my general question is if there is a point to make diversification of altcoins. Instead, I am targeting one altcoin which could have the most potential for rise in price when BTC goes up.

Yes there is because some altcoins may be correlated to bitcoin but it could go easy when it comes to sudden increase in terms of its market price. It means that altcoins could go ath even if bitcoin is not but if bitcoin falls down so as the this altcoins. The risk in investing altcoins is high more than the bitcoin but the possible profit to get with these altcoins is also high compared to bitcoin. This is why I have chosen some altcoins with pump and dump pattern like bch and xrp but not for long hold.