I've been thinking about this a good bit myself recently. Watching BTC go bullish for a month straight, followed by a week of most all the alts going insane... has been very good for my wallet.
The downside is that since our forkening, I've been 100% power-up on HIVE (cashing out all the STEEM), and it is so strange that HIVE is just sitting there like a dead fish. Seems like Splinterlands alone should get it back up over $0.25, but who knows.
I'm about to start some big power-downs, just so I can have enough liquid to actually make a move if it does rise... or to cash out rather than reaching into my other bags.
In the long run, I see BTC dying off pretty hard, it can't compete with years and years of development - it's already the most expensive to exchange, the slowest, the most energy inefficient, one of the easiest to track, etc.
Realistically, it's all up to the banksters and their friends - Bitcoin is bullish because that's the message they've been putting out for months. When BTC was over 17k, they just ran a bunch of bad press and crashed it in a matter of weeks. They'll do so again, and again, until they've completely replaced it with their own coins, or until they own enough of it to win the game.
Good strategy and insights there Kenny. Even bitcoin is all about hype, and the big institutional investors are piling in for this bull run. Bitcoin may well becoming to the end of its overall uptrend long term.
Let's see if we can squeeze one more massive pump, lasting 12 months, up to over $100k, during which time the alts will catch up and possibly even surpass bitcoin in gains, as they did in 2017/8.
With so many alts needing bitcoin as a gateway onramp, it may always have a role to play as digital gold or a global digital currency, much like the dollar in relation to the other fiat currencies.