I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
Altcoins make it easy because they are cheaper than Bitcoin (BTC), but the space for BTC is still wide open in the next 5 years. The best long term investment is still in BTC. Just keep your capital in BTC and I'm sure you'll get a profit.
Today I made a post in the Alternate cryptocurrencies thread with the question
Will long-term investments in the crypto space provide any guarantee?I think, the post I made has something to do with this topic. From some of the people who answered, it seems that there is no guarantee that you will also get a profit if you invest in BTC.
But it is not final.