We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?
The existence of all altcoins other than bitcoin is unthinkable. So it is safest to invest in Bitcoin when you have to. Why would we risk our precious money to invest in altcoins other than bitcoin. I think that's why investors are investing less in Altcoin. As a result, the pumping of Altcoin is not as much as that of Bitcoin. Again some of the good quality coins of 2017 are now on the verge of almost dying. This may be one of the reasons why Altcoin is not being so pumped.