Money flowing out of BTC into Altcoins

[aemma]

A tough question indeed but looking at Bitcoin, it has grown quite a lot and many people who missed that opportunity of acquiring more Bitcoin will go for it through altcoins hence the reason more money is moving out of Bitcoin into altcoins and the more the Bitcoin dominance drops, the more altcoins grows further leading to altcoin season.
In addition, in the aspect of Bitcoin growth, I believe there is still more room for growth because it looks like institutional investors are not done with it, as they keeps buying. However, if I am to suggest, if you have the means to enter altcoins without selling much of Bitcoin then you can give it a shot, go for potential altcoins get the profit and buy back more Bitcoin.

[odukoyaewatomi27]

There is a similar pattern to this. The same thing happened in 2018, when Bitcoin got to it all time high then, it consolidated for a while when altcoins were busy mooning. Then after that there was a big dip in the market. I just hope this one is different

[TribalBob]

liquidity of all BTC is the wrong decision in my opinion, because BTC is the number 1 coin and will not lose even if the dump. btc  will still be expensive,
so just keep on Bitcoin, and buy altcoins with other free funds and choose altcoins that have good potential like the current BNB

[MoneyJ]

Well btc has reached its peak some strategy may be to move the load to new opportunities that are on the rise. Doge has done its tremendous rise this past months. Thanks to Elon Musk for promoting. But chances are BNB and Ethereum would most benefit the situation.

[iTradeChips]

What I think at this point is that it will a risky move on your part if you are going to convert your Bitcoins and use it to buy alts. The reason why I said that is because if you are going to do it now, come think of it, all of the alts for the past few weeks have already reached their peak and are now either on a plateau or going on a spiral down. You can try if you are confident that the altcoin is sure to go up. But anyway it is your money so all of us are just giving tips and it is up to you to decide really.

[ilovealtcoins]

Cash flows from Bitcoin flow into altcoins and then either withdraw from the market or flow back to Bitcoin again. We are in a familiar market scenario.
With the market currently in the bull run, altcoins will continue to rise in price. In the complete situation where the market is at full increase, be careful before entering the order. Best to withdraw all your money out of the market and observe the next action. We can have less profit so that losses happen when we can anticipate them.

[danherbias07]

There's always a room for Bitcoin to grow even in that year.
It's not actually an altcoin season way back 2017 but Bitcoin and Ethereum. All altcoins are getting the rally up because of the two main coins pumping for ATH until it ended 2018 and slowed down.

If you are looking for profits then decide fast because this sudden boost with altcoins could end quickly.
Ethereum and BNB are growing too fast and I think that's the best option out there if not NFT's. But bro, they are really getting expensive.

[bitzizzix]

Altcoins are on the rise because bitcoin is still at an all-time high and the rise in altcoins is just adjusting to the already too high price of bitcoin, and I believe that if the price of bitcoin goes down, the price of altcoin will drop even drastically and vice versa.
and in the end the two will go hand in hand, and another reason why most people tend to switch to altcoins is because the price of bitcoin is too high.
and my choice is still holding bitcoin because in my opinion there is still upside potential to reach the highest price.

[Sithara007]

Cash is not flowing from Bitcoin to altcoins. The current altcoin rally is fueled by new investors, who are preferring alts such as Ethereum, Doge and BNB for higher returns. Very few of the Bitcoin investors are selling their coins and shifting to alts. I have seen this pattern in Q4 2017 as well. Back then a lot of shitcoins went over the roof, because of huge inflows from noobs. And the same thing is happening now. Dogecoin is on its way to $100 billion market cap, while XRP has already crossed the $50 billion level.

[MFahad]

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.

Bitcoin is consolidating between 50-60K for last few weeks and i am sure it will move much further up. There is no point to believe that 64K was the peak of the bull market. The altcoins are giving good returns currently but they will dump hard as soon as bitcoin again crosses its All time high.

[iv4n]

There's always a room for Bitcoin to grow even in that year.
It's not actually an altcoin season way back 2017 but Bitcoin and Ethereum. All altcoins are getting the rally up because of the two main coins pumping for ATH until it ended 2018 and slowed down.

If you are looking for profits then decide fast because this sudden boost with altcoins could end quickly.
Ethereum and BNB are growing too fast and I think that's the best option out there if not NFT's. But bro, they are really getting expensive.

I like your words, there's always enough free space for Bitcoin price to grow... and this year is in the first half, we have another half, and we all know what can happen in crypto in just a few weeks, and we have 7 more months!
Now it's the time for collecting profit, everything is a lot higher than a few months back! Holding is always a good option, but moving some funds from one investment to another can be good from time to time! I guess all that depends on the investor and his goals!
I don't know what is the smart thing to do now, but having some good coins on holding for the long run is a must... in the same time using profits from this rise and trying out some new opportunities is also fine, who doesn't try can't do a lot!

[jrrsparkles]

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.

Some stocks crashed and real estate is doing very bad and also Gold is not showing any growth at the international market so we should calculate all these things as well not just the bitcoins alone then we can get the insights of how much the crypto market's cap increased in the past months instead of calculating the price changes between the coins.

[eXtremal]

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.

I don't think it will be the same as 2017. When I first got in 2017 it was just temporary hype, like coin ponzi, a ponzi site that fooled the public a lot. Bitcoin is now entered by Tesla. I think the data is dominant, the length of the market is bulish, and the altcoin season will be different in 2017. At the moment there are no exact predictions in my opinion.

[bitcoinsc]

it is true that this is happening. but you will miss out when bitcoin grows. its just nature. theres always coming back to bitcoin.. if a bear market comes just hold bitcoin. and trade it a few times . alt coins will be harder to hold during bear markets. bitcoin is the standard if your not comfortable trading alt coins during bear markets..

[eXtremal]

BTC has not peaked by any means. Its rise has been mild so far and it should go near $100K at least. Alts outperforming BTC is a great sign for the best phase of the crypto bull market.

At present many of them I know are more interested in altcoins and looking to accumulate as much a possible. Some getting converted their btc to altcoins, might be just want to catch the trained as seems to be season and altcoins rising very quickly so making some quick profits and may convert back again to btc later on.

I'm sure they feel that bitcoin is already very expensive nowadays, the right choice to look for profit in altcoins. Because the altseason is about to begin. I don't know when, some predictions still don't have an accurate way to go about the alt season. But I'm sure it will definitely happen. It's a good time when bitcoin is high and coins are down to become a collection of coins.

[Fortify]

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.

From the perspective of someone who is new to Bitcoin, it might feel like there is a lot more risk with it and a much lower upside potential (a 10% move from $50k to $55k takes billons, for Dogecoin a move from $0.05 to $0.20 may take the same amount but you'd quadruple your money). This might be a self limiting factor, although every piece of news of a new financial company getting involved will continue to push up prices, there are a lot of rich people out there with nothing better to do than drop money into diversified and rare assets like BTC. However the average low level investor would do much better to hunt out and put money into whatever coin is currently on an upward trend, you really have to be quick in this market - as we've seen with Dogecoin there can be huge upward trends followed by sharp corrections. Get in, take a nice profit and get out - remember to separate out some profits for the next trade though, so you don't lose it all if the market sentiment turns.

[totaleclipseofthebank]

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.

If bitcoin hit its peak, altcoins would be dumped by now. Fortunately, money just simply move out from bitcoin to altcoins. Moreover, the total marketcap of cryptocurrency has reached a new record so it means people are investing in altcoins a lot

Bitcoin has chances to increase more. However, focusing all of your portfolio in bitcoin is not a good idea cause it has increased more than 14 times since 2020. Investing in altcoins are proven to give you more profit in a short time. Therefore,  why dont you split your current funds into half and invest the first half for altcoins? You will not regret this decision

[nicecrypto]

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.

]When it comes to Bitcoin investment, I would not advise liquidating your Bitcoin assets but rather invest different funds in Alts if you do have the means even though some will argue that you should be able to take advantage of the one that is pumping at a moment. Selling Bitcoin for Alts when Alts starts to really pump and selling Alts for stable-coins and buy Bitcoin again when it has dipped. 

[jostorres]

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.

If I remember exactly, bitcoin markets are not into sideways movement for last two months but probably more than three weeks. It is just part of bitcoin markets, because we have seen similar kind of market situations along with past bitcoin's bull rally as well hence nothing to worry about.

At the same time when bitcoin market is trading stagnant, it is highly expected for altcoins markets to start their bull run; exactly same thing happened on this year as well. So, I'm not seeing like bitcoin has reached its peak levels already; there are a lot of chances for new ATH happens at any time soon. They money which had gone out of bitcoin markets, will definitely come back when bitcoin markets enter again into bullish mode.

[acener]

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.

I don't think that it is a good idea don't liquidate your Bitcoin for alt-coin,
It is better to have another investment for it or manage your folio properly pick up the alts that you want while having BTC on it.
Remember don't put all your eggs in one basket.
I always keep my folio with 3-5 alt-coin but I think others have more crypto on their folio the more the better I guess but for me I only pick what I think would be great in the long run.