Money flowing out of BTC into Altcoins

[desticy]

I don't even know, it doesn't seem like altcoins would react positively.
Personally, many of my friends managed to pour their bitcoins and other currencies into stablecoins, and those who did not have time now are pouring from altcoins into bitcoin, but are not going to fix it.
Personally, it seems to me that the situation is now quite borderline, my forecast is that we will dive deeper.

[TravelMug]

I don't even know, it doesn't seem like altcoins would react positively.
Personally, many of my friends managed to pour their bitcoins and other currencies into stablecoins, and those who did not have time now are pouring from altcoins into bitcoin, but are not going to fix it.
Personally, it seems to me that the situation is now quite borderline, my forecast is that we will dive deeper.

Right now No!, there's no flowing of money from bitcoin to altcoin, everyone is shorting and taking a quick profits. Almost all coins are bleeding still, despite the thought that investors are just shifting funds, and so this is not the case. Perhaps they have the money right now, and just holding it and willing to re-invest if the market seems to be ok.

So far the miner news from China has still some effect on us, bitcoin's hash rate is going down and maybe some of the miners are selling their bitcoin themselves because at some point, they need the money to survived if they decided to shift business.

[guydin]

I don’t think that any altcoins apart from ETH can replace BTC. Talking about the current situation, people often want just fast incomes so they invest in altcoins that can increase by 100 times easily. And it is impossible for bitcoin because of its huge market cap now.

My opinion is that we should just hodl bitcoin as it can be profitable in the long-term.

[EvieLannister]

I changed from Bitcoin to altcoin because I want to do short-term, but it is recommended that you always hold Bitcoin and don’t exchange Bitcoin for altcoins. You can invest in valuable altcoins. If you want to invest in altcoins with a relatively large range, Be sure to understand the trend of the coin and don’t lose money because of it.

[Xampeuu]

It's been the law of cryptocurrency, money is always spinning, from bitcoin to altcoins, and vice versa, when bitcoin goes up then a lot of altcoins go down, because the volume that exists in altcoins will be moved to bitcoin. but strangely enough, altcoins will also go down when bitcoin goes down, I think here they save their money. until the altcoin trend returns they just enter to trade.

when bitcoin goes up, we can see that there are several altcoins that follow the increase significantly, and not all altcoins experience it. it is possible that in addition to money from altcoins moving to bitcoin, it can happen because of the many new investors who enter this market, and after that many people sell bitcoins because they have made a profit, so they buy altcoins that are still cheap with the aim of getting a profit back

[rozak]

It's been the law of cryptocurrency, money is always spinning, from bitcoin to altcoins, and vice versa, when bitcoin goes up then a lot of altcoins go down, because the volume that exists in altcoins will be moved to bitcoin. but strangely enough, altcoins will also go down when bitcoin goes down, I think here they save their money. until the altcoin trend returns they just enter to trade.

when bitcoin goes up, we can see that there are several altcoins that follow the increase significantly, and not all altcoins experience it. it is possible that in addition to money from altcoins moving to bitcoin, it can happen because of the many new investors who enter this market, and after that many people sell bitcoins because they have made a profit, so they buy altcoins that are still cheap with the aim of getting a profit back

the strategy that many investors do is like what you said.
but sometimes some prefer altcoins over bitcoin. the strongest adoption is still in bitcoin, but as more people are leaving bitcoin with profits and switching to altcoins I don't think that's entirely the case.
people who play in bitcoin definitely with big capital. after profit, they know there will be a correction that will affect the altcoins as well. it would be bad if they kept it in altcoins. the choice is stable coin adoption which increases as many investors profit from bitcoin.
I think the increasing adoption of altcoins is coming from something new, not because bitcoin investors are turning their money to altcoins.

[Golftech]

the strategy that many investors do is like what you said.
but sometimes some prefer altcoins over bitcoin. the strongest adoption is still in bitcoin, but as more people are leaving bitcoin with profits and switching to altcoins I don't think that's entirely the case.
people who play in bitcoin definitely with big capital. after profit, they know there will be a correction that will affect the altcoins as well. it would be bad if they kept it in altcoins. the choice is stable coin adoption which increases as many investors profit from bitcoin.
I think the increasing adoption of altcoins is coming from something new, not because bitcoin investors are turning their money to altcoins.

those who are switching from bitcoin to alt coins are just diverting some investment, knowing that there's an opportunities

to grab som good amount of profits when market moves according to their target directions, and I agree that it's not a  permanent

they'll going to cash it back to Bitcoin when they see good movement from this crypto originator. Bitcoin investors are wise enough

to play along with this market.

[Sithara007]

when bitcoin goes up, we can see that there are several altcoins that follow the increase significantly, and not all altcoins experience it. it is possible that in addition to money from altcoins moving to bitcoin, it can happen because of the many new investors who enter this market, and after that many people sell bitcoins because they have made a profit, so they buy altcoins that are still cheap with the aim of getting a profit back

When new investors enter the cryptocurrency market, they look for an asset that can give the same returns that Bitcoin provided in the last 7-8 years. When they get to know that alts such as Cardano and Polkadot are having algorithms that are much more advanced when compared to Bitcoin, the tendency is to go for investment with these coins. What they fail to notice is that in terms of security, these coins trail Bitcoin by a lot. The PoW algorithm used by Bitcoin offers a level of security, that can't be matched by any other altcoin.

[Vishnu.Reang]

In my opinion, it is better not to liquidate your bitcoins. If you want to invest in altcoins you better use a small number of your bitcoins to buy some altcoins which have strong fundamentals. No one knows for sure if bitcoin has reached its peak, it could be that in the future the price of bitcoin will continue to increase. therefore it is better for you to save bitcoin

The high valuations of various altcoins are not justified by their userbase, volumes or acceptability. Bitcoin remains as the no.1 cryptocurrency in terms of these parameters, and the gap between Bitcoin and the other alts is just too huge. That means that the current valuation of various alts are inflated. Even for the most acceptable alts such as ETH and BNB, the acceptability and mainstream usage is just a fraction of what BTC currently commands. And for other alts such as XRP, DOGE and ADA, the parameters are too low even for a meaningful comparison.

[tokoorochan]

In my opinion, it is better not to liquidate your bitcoins. If you want to invest in altcoins you better use a small number of your bitcoins to buy some altcoins which have strong fundamentals. No one knows for sure if bitcoin has reached its peak, it could be that in the future the price of bitcoin will continue to increase. therefore it is better for you to save bitcoin

we have to select which portofolio will get biggest allocation from total capital in our bag. Bitcoin or major coins should get biggest portion, personally i am prefer 25% in bitcoin and 75% left spreaded in major altcoin such as eth bnb sol and some in new project that i researched and deeply analized before. Holding altcoin actually give us bigger profits when its price pumped. we have additional value when in btc rate increase ,so we will have more btc if sell it and just waiting btc rate to dollar increase.

[tabas]

In my opinion, it is better not to liquidate your bitcoins. If you want to invest in altcoins you better use a small number of your bitcoins to buy some altcoins which have strong fundamentals. No one knows for sure if bitcoin has reached its peak, it could be that in the future the price of bitcoin will continue to increase. therefore it is better for you to save bitcoin

Liquidating or converting all of bitcoins into altcoins, that's not a wise thing to do. You're like throwing your money and do not have plans of getting them back.
A small part of your bitcoin to be sold for altcoins, I don't think it's also a good idea. It's better if you're going to have an allocated budget for it when you buy altcoins.

[MoneyJ]

That is the thing in crypto. There is only one indicator, Bitcoin. As investors have earned chunks of money, half of it they tend to reinvest to upcoming crypto potentials. Thus increasing their portfolio on cryptocurrency.

[the rise]

this happens usually when bitcoin is experiencing a sideways, where currently slowly money goes into altcoins without aggressively moving the price of bitcoin, and it looks very rapid development of altcoins, they are also called altcoin season.

[sgenuine]

I'm just wondering whether BTC has hit it's peak for this cycle.  It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied.  From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began.  I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

To my mind you had better diversify your assets between fundamental currencies like Bitcoin and Ethereum, altcoins and stablecoins that you can use when there are drawdowns, to average your price.
The thing is that when Bitcoin is falling, altcoins are falling even faster, so to protect yourself from this, you should diversify. But in case of a bull run, altcoins will definitely bring you much more money, as unlike Bitcoin they can increase by 10 times and more easily.

[thesosorr]

I'm just wondering whether BTC has hit it's peak for this cycle.  It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied.  From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began.  I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

There will be more room for BTC in the next few years. Altcoins will also exist, but potential Altcoins or coins that are top 40. I think, BTC and Coin top 40 are very suitable for you to invest.

[thesosorr]

I'm just wondering whether BTC has hit it's peak for this cycle.  It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied.  From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began.  I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.

Altcoins make it easy because they are cheaper than Bitcoin (BTC), but the space for BTC is still wide open in the next 5 years. The best long term investment is still in BTC. Just keep your capital in BTC and I'm sure you'll get a profit.

Today I made a post in the Altcoin Discussion thread with the question Will long-term investments in the crypto space provide any guarantee?
I think, the post I made has something to do with this topic. From some of the people who answered, it seems that there is no guarantee that you will also get a profit if you invest in BTC.
But it is not final.

[rozak]

Reconsider. You should never put your bitcoin at the danger. Bitcoin was not yet arriving at its pinnacle cost. I genuinely don't figure they could be manageable for long haul. It is additionally risky occasions for long haul speculations and I propose to be more about present moment and exchanging. Extremely high theory levels and an excess of eagerness, fomo and publicity.

I don't think that's the problem.
currently, altcoins are getting support from bitcoin with market conditions continuing to improve after the last correction.
naturally, some investors move their money from bitcoin to altcoins. we'll see the altcoin rally craze when the market doesn't lose support from bitcoin.
what is expected is not dominance but bitcoin stability that will grow the momentum of altcoins.

[clarkt]

If you were to judge bitcoin price by historical price movement,  bitcoin usually dump after a huge rise from previous circle. This circle is different from my perspective as there are interest from institutional investors, we also have billionaire shiller  (Elion Musk)  There has been fifty percent loss from ATH of bitcoin price and huge dump on altcoin prices. The bull market might be over  and bitcoin may rise in another circle!

[distr@yopmail.com]

If you were to judge bitcoin price by historical price movement,  bitcoin usually dump after a huge rise from previous circle. This circle is different from my perspective as there are interest from institutional investors, we also have billionaire shiller  (Elion Musk)  There has been fifty percent loss from ATH of bitcoin price and huge dump on altcoin prices. The bull market might be over  and bitcoin may rise in another circle!

this is not in the form of a bull rally this year.
we've already seen how bitcoin experienced a pretty severe dump. and many thought it would go deeper. but the fact is bitcoin can be held in the current situation. This is true because the market situation is different from the previous pump situation. Now the market is really strong with big investors coming in this year.
but I'm sure if there is a new circle that bitcoin will create, I don't think it will reach ATH. we will see better momentum on altcoins and bitcoin providing good support in the market.

[guydin]

when bitcoin goes up, we can see that there are several altcoins that follow the increase significantly, and not all altcoins experience it. it is possible that in addition to money from altcoins moving to bitcoin, it can happen because of the many new investors who enter this market, and after that many people sell bitcoins because they have made a profit, so they buy altcoins that are still cheap with the aim of getting a profit back

When new investors enter the cryptocurrency market, they look for an asset that can give the same returns that Bitcoin provided in the last 7-8 years. When they get to know that alts such as Cardano and Polkadot are having algorithms that are much more advanced when compared to Bitcoin, the tendency is to go for investment with these coins. What they fail to notice is that in terms of security, these coins trail Bitcoin by a lot. The PoW algorithm used by Bitcoin offers a level of security, that can't be matched by any other altcoin.

On the other hand, Proof-of-Work  is very energetically expensive. That is why blockchains that work on this algorithm of consensus are very expensive and less scalable compared to those that work on Proof-of-Stake. That is why Ethereum is going to switch to PoS with the launch of Ethereum 2.0. But I don’t think that it will become insecure. To my mind, we will still use it safely.