Altcoins are having a huge huge bullrun, with massive gains everyday from mid december to now, about a month worth of bullrun. I am thinking when should I sell my altcoins, or if they will keep going up. Bitcoin dominance just hit 33.2% from about 67%, if Bitcoin dies and people no longer want it then I can expect a drop to 20% or even lower, if this happens I should hold my altcoins since money will still flow into them. Though I am wondering what other investors on here think about where the market will go from the short term future. Will money unexpectedly flow rapidly back into Bitcoin as people sell? Or will people no longer care about Bitcoin and it dies thus making altcoins grow even more?
Also if an altcoin takes over Bitcoin's 1st place in ranking what can we expect of the Bitcoin price, maybe a massive panic sell off as people lose faith in it?
Also if an altcoin takes over Bitcoin's 1st place in ranking what can we expect of the Bitcoin price, maybe a massive panic sell off as people lose faith in it?
The price of bitcoin is too high and many novice investors prefer other cheaper coins thereby increasing their price. In addition, the altcoins have lower commissions, which will allow them to be used not only as a speculative instrument.
