I am confused among these, cauze people says
1. Btc pump then alts dump
2. Alts pump then btc dump
3. Both btc and alts follow each other
But we can see that only the 3rd scenario is happening right now i.e alts are following btc.
What's about the 1st and 2nd.
(Actually I am a newbie in trading)
I think it is time we support bitcoin fully and let it go completely parabolic because it will eventually help all the market in com8ng months as all the alts especially the established ones will follow btc that will cause intense pumps in their prices as well.
This time, bitcoin keeps on surging seeing the market very bullish and if this will continue, we can see potential altcoins increasing their prices too due to the bullish impact from bitcoin. Especially uf bitcoin will be totally mainstream, we can expect more altcoins to surge their prices in the market.
It needs time to see bitcoin become mainstream, but bitcoin is on the way to reach more people out there, especially the institution that introduces bitcoin in many ways. The altcoin still waiting for bitcoin movements, and if bitcoin price can moves to the high price more than $30k, that will be the sign for the altcoins to start the rally, and in that time, the altcoin season will come. But before that can happen, we can enjoy this moment by buying and sell bitcoin and altcoin, and we should try to make a profit to increase our bitcoin amount.