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 will always be the best at least for the next few years, but altcoins are now quite good even though they can't be separated and still follow bitcoin prices but altcoins I think are quite tempting, apart from the price is relatively cheaper altcoins also have a pretty good market capitalization at least for now.
but if there is an option between choosing bitcoin or altcoin I think I will make the third option which is to buy both.
because indeed both are quite good even though in altcoins only a few are good but it is not wrong to adopt both because they are equally profitable.