Other traders and holders are transitioning to bitcoin as it is way safer, but again, in altcoins, if you find a promising one, you can earn a huge profit, but this is a really rare case, unlike before, when most of the new coins that are coming out are all promising and have great value. Most of those top altcoins will be coming back when the price of bitcoin pumps since it is basing from the economy and also bitcoins price, but others will die.
Bitcoin is at the heart of it all, altcoins depend on the price of bitcoin. like now the bitcoin price is bullish again and reached around $21k, this is quite extraordinary, and the positive trend is starting to fill bitcoin.
Some of the new altcoins didn't really thrive in 2022 until early 2023, but 2023 will probably be a year of recovery. The new altcoin only needs to compete with thousands of other altcoins, who can survive will still be the choice, But the safest is still investing in bitcoin.
currently buying and holding some bitcoins for the long term is highly recommended, the bear market is about to end and the bull market is coming soon.
Doing DCA when the bitcoin price reached the lowest support yesterday would certainly be very profitable at this time.