Still though, I can't see any one of these 3, LTC, XMR or DASH just going away. They've all established a decent enough network effect and are all in bull markets vs USD and are all poised for an easy 7x when the time is right. It'll likely be quick, one first, within a 2 week period sometime in the coming months, then the others will follow.
What revaluation do you assume for BTC during that 7x of the altcoins?
Thank you.
Any revaluation for BTC I assume will be short-lived (relatively) but it is during this revaluation to at least test the previous high of $20K that I expect major fear and panic which will fuel the alt-season that just about every alt holder is waiting for.
But things are different this time... BTC should have done it's 30% dump at $24K or at least $27K to have a healthy correction/pause to allow it to grow organically. I worry how unhealthy this rapid growth might be long term. Maybe all these institutions have stronger hands and aren't so greedy. But ultimately I doubt it, people will want to take profit at some point and like sheep they probably will all try to do it at the same time. I just hope it is only a 30-40% correction and not a major bubble pop that occurs before any alts can recover from the last 2017/2018 bubble pop. That sequence of events perhaps could kill many alts...