I have been watching this market for a long time.
It seems that in the early part of a bull market, Bitcoin goes up faster than altcoins (ie Bitcoin dominance goes up.) In the late part of a bull market, Bitcoin still goes up but altcoins go up even better (ie Bitcoin dominance goes down.)
In a bear market, altcoins fall faster than Bitcoin (ie Bitcoin dominance recovers somewhat but has to wait for the next bull market to go really high.)
So, it would seem the correct play is to buy altcoins at this point, and then convert them into Bitcoin (or sell) when you see the bull market ending?
Any thoughts?
[I used to post as BobK71, and am using a new account after some logistical mixup.]
Bitcoin is king coin other word we can say mother coin and alter coin is supporting coin so obiasly we can say bitcoin is best but for trade and short term profit alter coin is suitable.
Yes, I agree with your statement, it can be said that bitcoin is the mother of all cryptos that exist today, thanks to bitcoin, other coins appear and are traded, maybe in the short term bitcoin will not feel an increase unless he has large capital, for beginners and traders retail is better to buy coins that are still cheap.