Quote from: juanda on April 27, 2021, 09:41:17 PM

Quote from: Sayeds56 on December 16, 2020, 03:40:44 PM

The BTC has made history today and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.

Bitcoin is headed to the moon now. will bitcoin continue to increase or will it decline again? we'll see how the developments will occur in bitcoin. but I also think the same thing as you that it's time for us to buy altcoins which will definitely follow the movement of bitcoin. because now is the right time for us to benefit in the future.

At the moment the dominance of Bitcoin has dropped, and a lot of money is flowing into ETH and altcoins, however this sentiment can be observed more:

Quote

The theory says that each Altseason, Bitcoin loses a bit less of its total percentage. And then, it regains about half of what it lost. It’s not a precise theory. In Spring 2017’s Altseason, Bitcoin’s dominance shrunk to 38%. It slowly gained it back, until Winter 2017/ 2018’s Altseason arrived. At that time, Bitcoin’s dominance got to 32%.

All of that means that, if the indicators are pointing in the right direction, this Altseason is just starting. If Bitcoin’s market capitalization dominance falls from 51% to the 30%-range, that’s a lot of money entering the Altcoins market. And this time, we mean “a lot.”

Source: https://bitcoinist.com/altseason-bitcoin-dominance-drops-to-lowest-level-in-years/

I think this is a great time to think about diversification in Crypto, and altcoins are an infallible option, if the dominance continues like this it does not mean that Bitcoin has lost the lead, only that investors are sheltering their money there and then do appropriate exchanges in due course.