Why are alts bleeding?- It was a cycle once when only a limited number of people had too much of BTC once, and they wanted to gain on small cap people (like us), so they started a season called alts' season where every few days, they were pumping some coins at levels which made innocent people get in those coins at very high values (I'd say overvalued here), and after getting their targets reached with the help of some bloody pump groups, they exited the markets on these innocent people's money and who was left behind to regret? Us. Afterwards, the value of Bitcoins was also manipulated at such high levels that most of these groups sold off their coins they earned from us and got out in profits. Now, those who bought it from high to low are the ones who are really strong enough to hodl for a very long time and they are BIG INSTITUTIONS. They are not foolish to make more BTC by putting their money in alts which possess nothing but the same idea that can already be found in many other alts, making it come under the category of shitcoins. Shitcoins are those that have no real project or purpose and are solely to make profits (monetary gains) either in BTC or fiat by its trading. Investors have got a new option to play with their money - Futures to make more money as well as gain more BTC at better leverages instead of getting into a P&D coin. So, sorry to say this, but you're not going to witness the same alt run that you saw last year. Yes, there will be pumps and price increases, but not to that extent, not some 100 or 1000x coins any time soon.
Why is it not a good time to get into alts?- Ethereum is bleeding, and history is deponent that whenever Ethereum goes red, alts bleed in its correlation. If you are looking to invest in alts, wait till Ethereum starts gaining back and then only look for the best projects to invest into. IMHO, I believe that 0x is one of the finest projects that could lead your portfolio 10 times (at least in fiat if not in BTC) till EOY. Watch out for it and invest some part of your portfolio in it.
What will happen with the ETF scene?- Anybody out here thinking that they might see BTC bearish till August 10 is blatantly stupid, because the reason why everyone is pushing the price ahead is the fact that they believe in BTC and they also believe that this time, some super positive signs of ETF approval are there. Even if SEC delays this (rejection is not going to happen at any cost and after reading this:
https://www.forbes.com/sites/youngjoseph/2018/07/27/sec-commissioner-bitcoin-is-regulated-and-mature-enough-to-have-an-etf/ , not at all), Bitcoiners will then be given a final chance to get on the train and get this dirt cheap. Those who are/were crying they missed the train since the beginning, let me tell ya one thing guys:
This is the new beginning and we are just starting up and the BITCOIN ROCKET is under warm-up mode.