We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier. My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges.
To pump Bitcoin, the market need huge capital and whales need to create panic and shake all weak hands out, liquidate gamblers' positions. Then Bitcoin will continue its parabola. The altcoin season is existing to help whales prepare for Bitcoin season. You will see it.
It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.
Altcoins are only good in altcoin season and bull market. In bear market, Bitcoin is the best if you want to keep your fund in crypto.
They tell me to swap my BTC to other altcoins and hold them for much better profits. I'm still struggling to make my decision to sell my BTC for altcoins (I prefer ETH, ADA, SOL, ETC).
They already climbed a lot but still can climb higher but if you still want to invest into those coins, you have to accept risks of falls. In addition, you have to prepare for any shake outs that are needed for their climbs. Shake outs are not comfortable and can make you feel very panic.
There are many altcoins that have yet climbed a few times like these aforementioned coins. You can choose them and have better ROI.