Nice post as usual mate.
I am already really thankful to you for the very good call on Wanchain, it’s a coin I wasn’t observing at all.
What do you think about the altcoin in general right now? I mean, BTC is touching the 5600$ zone while the alts keep sinking, they usually follow BTC some hours later, but this time it’s not happening.
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Thank you @theskmeister!
I really wouldn't worry too much about the altcoins. Usually when new money enters the market, it goes straight into Bitcoin (or in the top altcoins sometimes) and therefore Bitcoin's dominance is increasing rapidly. The altcoins market respond to Bitcoin's bigger moves in more than a few hours. The 2017 - 2018 rally is a good example. I believe that Bitcoin will regain ~60% dominance, before we see some good gains is our altcoins. I don't know if all alts will reach their all time high again, but a 10x from this point at the peak of the next rally, is in most cases quite probable.
Dominance chart: Bitcoin orange, altcoins the rest. Every time when BTC goes down, something else goes up (the same the other way).
Cheers!
Thank you very much for your reply!
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