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.]
Altcoins do rise in percentage 2x or even 3x or even higher than that than Bitcoin, yes it is true. But have you asked yourself why that is? The reason is simple. No other coin has the market cap of Bitcoin. And when there are only a few coins going around, each sold or bought Altcoin will create a much bigger impact than every sold Bitcoin.
While this sounds good in practice, you must remember that Altcoins are not Bitcoin. And they do not enjoy the same level of confidence in their value from investors. So as much as they go up in price, they go down just as hard.