Some time ago I was watching a video on youtube when someone who has been trading bitcoin for a while says the time to sell bitcoin is when altcoins start to rally. If anyone knows who this youtuber is please let me know.
I forgot exactly the details of what he said.
Basically, it was when altcoins start rallying this happens late stage bitcoin rally and this signals that bitcoin will have a correction and it makes sense to sell your bitcoin at that time.
Can anyone please let me know if there is any truth into this because I don't buy or care about altcoins and think they are junk. So when I hear that they are exploding in value and even in polls bitcoin is not the #1 pick or even #2.
Just look at this stocktwits poll with 16,000 votes:
Which crypto is the best buy right now?
Bitcoin 20%
Ethereum 25%
Solana 10%
XRP 45%
16.4k votes
People are now picking XRP and Ethereum over bitcoin.
To me this may signal something if we look at past bitcoin trends and what this youtuber was saying that the time to sell is when altcoins start to rally. I am hearing more about altcoins now than bitcoin. I sense trouble coming.
I remember the rally when bitcoin hit $1,000, soon after altcoins exploded and had stupid prices, than everything crashed.