For investors who invest long term buying bitcoin is the most profitable. However, for short-term investors who already have strong trading skills, they can take advantage of the momentum of the ups and downs of Altcoin prices that have strong fundamentals. They buy Altcoins when they are down and then sell them when the price is high so that the profits can be maximized.
Altcoin price action mostly co-relate with Bitcoin movement. Bitcoin price is trading over 39k, and this price is not confirmed whether go upside or downside. For investors who invest long term can be saved but short term can give negative result. Many market analyst trust that the bottom isn't over but Bitcoin price could see more downside between 30-35k. Those dealing you've warned.
Right. I agree with you that most Altcoin prices follow bitcoin price movements. Moreover, in the past week, the crypto market has continued to show price weakness following the decline in stock indexes and rising interest rates where the price of Bitcoin had touched the $28k level before finally rebounding and is currently at the $30k level. Even so, I predict the bitcoin price will drop further possibly the bitcoin price will drop in the $25k-$27k range.