Bitcoin Forum

First there was Bitcoin: The Coca-Cola of Cryptocurrency.
Unsurprisingly, Bitcoin was the poster-child of the blockchain revolution.
 
With so much global media attention around this exciting new prospect, Bitcoin became a household name in the aftermath of the 2008 financial crash.

The world was beginning to see the cracks in the traditional financial system. Crypto is more important than ever. The altcoin market is changing… Altcoins have traditionally become more active in value when Bitcoin has reached its highest peaks, but this correlation has decreased over time with each halving cycle as altcoin tokens have seen higher implementation...

https://beginnerscryptoguide.com/bitcoin-vs-altcoin-market/

Let us know what you think :)  ;D

Quite long but interesting article, really helpful especially for newbies into crypto/blockchain. Sometime in the past, i was in the opinion that there was no need for newer altcoin. But with time I understood that there is need since we need improvement in blockchain architecture, and other aspects. If everyone kept using BTC for transactions, and there was no altcoin, the network will be clogged every now and then. However, many now regard the king more like a store of value, which isn't a bad idea. I'm really impressed with some details on some top altcoins on the article, especially ETH and LINK. ETH project birthed smart contracts and the trending DEFI, which couldn't have been achievable if there was no other coin aside BTC. For a fact most people dump their altcoins whenever they are in profit, but hold BTC longterm, reason why BTC dominance persist with a wide margin.

Looks like this whole article is basically for newbies who do not believe in Bitcoin and what revolution it has created.

Altcoins have really impressed me with their innovations and the ability to adapt to the changing times.

But, it was Bitcoin that started this revolution, some might question me but you cannot deny history.

Bitcoin dominance is still above 65%, and now at 67%, I really don't know what will happen, but Whales still keeps their Bitcoin, if Domination is Down then we will see Whales has gone from Bitcoin and it's time for Altcoin, Just Wait

The number of Bitcoin addresses with more than 0.01BTC has grown by 204%, but why it didn´t affect the price? Maybe because whales are withdrawing their profits and use retail´s money for it.  ::)

The whales will never try to think like that consider the whales will at least hodl both coins. There was no reason for the whales to leave one for another coin. The whales will always build their portfolios properly.
What happened with bitcoin and altcoin is not about competition but it's about how people can understand we need both to build crypto ecosystem.

1. Many miners got out (or maybe it's just about the removal of weak hands).
2. People were expecting to get rich quick with BTC by buying it exactly a few days/weeks before having.

Both these types of people account for the ongoing sales of BTC over exchanges.