Money flowing out of BTC into Altcoins

[virtualdn]

When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues.

It doesn't work every time and there is always a risk involved of losing BTCs.

I'm a BTC HODLer for 9 years so in the long run my earnings are better anyway.

No headaches for me, I prefer to be relaxed instead and keep the green monster named greed away.

BTC will go to $1xx,xxx sooner or later and that will probably be enough for my needs.

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[KimmyF]

We are not in altcoin season yet, its just moving to ethereum and doge and will be back to btc. Probably in Q3 and Q4 we will see another bullish on btc. Then after that we will see altcoin season and many big marketcap going parabolic.

Which top altcoins price are still cheap or didn't break the last ATH? You don't find single altcoins. I think now we're on the top of altcoins season. As you predict, maybe after Q3 or Q4 we will see all of the altcoins season. Low volume or new altcoins season could start after the third quarter as my prediction.

[disconnectme]

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.

Last year, Bitcoin was trading below $10k for a long period of last year until we reached September when the price moved to $30k and then $60k. The price can't go up forever without establishing new floor for the next run. One thing I have learnt in this space is never to bet against BTC, do so at your own peril

[perfect999]

When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues.

Honestly that is the reason why people are moving to altcoins and selling their bitcoins as well, most people at least. The reality is that bitcoin will not go 10x again, that is not possible from here, that would be over half a million dollars per bitcoin and let's be honest we are not going to reach that anytime soon, I am not saying that bitcoin won't go up, who knows maybe it will be 100k, or even 200k, that would be super high increase, but we all know that during the same period there are altcoins that could increase 10x even higher so that is why people prefer that instead.

It is going to take some time for people to realize the steadier big increase is always in bitcoin and altcoins go up and down a lot more volatile and it is risky, but since we are in a bull market everyone prefers that super high quick profit over what bitcoin can provide.

[Dump3er]

When the shitcoin season ends all money will flow back into BTC, where they belong. Don't be tempted by fast huge gains because the risks are very high.

HODL because this year your gains in BTC will be huge! Hitting the $100K and beyond, the BTC holders are the smartest, to the Moon!

By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues.

Honestly that is the reason why people are moving to altcoins and selling their bitcoins as well, most people at least. The reality is that bitcoin will not go 10x again, that is not possible from here, that would be over half a million dollars per bitcoin and let's be honest we are not going to reach that anytime soon, I am not saying that bitcoin won't go up, who knows maybe it will be 100k, or even 200k, that would be super high increase, but we all know that during the same period there are altcoins that could increase 10x even higher so that is why people prefer that instead.

It is going to take some time for people to realize the steadier big increase is always in bitcoin and altcoins go up and down a lot more volatile and it is risky, but since we are in a bull market everyone prefers that super high quick profit over what bitcoin can provide.

If the sell off for Bitcoin was as big as it is discussed here doubt it be sitting in the stable price range where it is now. If it plunged 1/5th ok then we can discuss a sell off, but right now the storm just calmed down a little and investors do their analysis in order to make the right calls during the next weeks and months.

When a coin goes hyperbolic it is only comprehensible that everyone calms down and reassess former thoughts and observations. It doesn't promptly go hand in hand with a sell off.

[motun01]

This is the first time in a long while that we will see BTC dominance drop below 50% and that can be attributed to the bullish market and the opportunities that people see exist in altcoins, however a lot of the altcoins doing big returns on investment right now will equally dump harder when the bear market starts so it is wise to keep a good amount of BTC as a part of your portfolio
That way you will have a stronger cryptocurrency that is always going to bounce back from any dips in price

[HyunBin]

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.

Seeing that bitcoin price goes sideways and more money flowing in altcoins is an indicator that we are really in the altcoin season. Also, another factor for us to say that we are in the alt season is the bitcoin dominance which dropped already in less than 50%.

[cabron]

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.

Seeing that bitcoin price goes sideways and more money flowing in altcoins is an indicator that we are really in the altcoin season. Also, another factor for us to say that we are in the alt season is the bitcoin dominance which dropped already in less than 50%.

That could be true. BTC is almost dormant for awhile even when there are many news regarding banks and celebrities having red laser eyes these days.
We now can see a significant rise of altcoins doubling their price since last month. YFI is the most profitable today as it reaches up to $88k. There are coins getting nuts however because I don't see any reason why some shitcoins are also appearing like there are traders investing in it.

[oscarftw]

Seeing that bitcoin price goes sideways and more money flowing in altcoins is an indicator that we are really in the altcoin season. Also, another factor for us to say that we are in the alt season is the bitcoin dominance which dropped already in less than 50%.

It's been a long time since Bitcoin dominated below 50 percent and today almost 42 percent. Bitcoin will definitely dominate for a short time in the future. As OP mentioned, Bitcoin price is fixed at 55k-59k USD when the coinmarketcap is continuously breaking the last ATH. Today 2.57 trillion was the highest record. One thing is clear that money doesn't flow out of Bitcoin.

[Pamadar]

This is the first time in a long while that we will see BTC dominance drop below 50% and that can be attributed to the bullish market and the opportunities that people see exist in altcoins, however a lot of the altcoins doing big returns on investment right now will equally dump harder when the bear market starts so it is wise to keep a good amount of BTC as a part of your portfolio
That way you will have a stronger cryptocurrency that is always going to bounce back from any dips in price

And that should be anticipated by those investors who are now risking their money inside alts market,

If you have that skills and knowledge to properly analyze the situations you can simply adjust from Bitcoin to alts then switch back
when you already rinse and satisfied with your profits, never to get greedy and be stuck after, Crypto always have twist and surprises
better to play safe to lessen your chances of getting caught in between.

[akirasendo17]

for traders, it's normal to switch coins to make a profit, if you won't do that it might result in losses since cryptocurrency is volatile, if you will just stay to a single coin for the rest of the bull run that might be a good idea because you might not get any profit at all, which means at the end of the season, your holdings is smaller than before since you never explore any coins with probability to go up.

[soul-impact]

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.

In my district, bitcoin is still the best. You should keep bitcoin, it will increase the price continues. Try to set up capital to invest altcoins instead of selling off bitcoins
You know, bitcoin is still the king of the word market and no currency has been able to replace it yet. Altcoins can give you quick profits, but bitcoin is long-term.

[btc78]

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.

It is a normal scenario mate when whales of all kinds are wanting to bag funds , they will try to manipulate some altcoins to lure small investors and when they got enough value then they will dump so be careful on what you are entering inc rypto.

I think bitcoin is very good to hold in the long run, because bitcoin can be mined out and of course the price will potentially be very high, but on the other hand people won't wait too long for that to happen, so they prefer altcoins which has a much faster movement

If you know how the market moves. then that's what you'll do. Holding will prevent manipulator wo make a big action because there is no panicking that will happen and the market will be shaken a little only.

[bamb]

Ethereum is capturing much of bitcoin cap!  And I have seen altcoin that have 1000x from last year!  However,  I still believe bitcoin might hit 100k by the end of the  year.  The way money is flowing out to is the same way it will flow back to btc but this time with more!

[Maslate]

I think bitcoin is very good to hold in the long run, because bitcoin can be mined out and of course the price will potentially be very high, but on the other hand people won't wait too long for that to happen, so they prefer altcoins which has a much faster movement

Yes, it was but sometimes people never think about it instead they'll become more practical in a way that investing in altcoins will multifold their money for many times far from what they could get from Bitcoin. Kinda crazy right? But as a natural person, that is what we are absolutely be thinking of. We can't ignore this possibility that people are jumping off from Bitcoin and finding their bigger chance on the altcoins. But sooner or later, they be going back to Bitcoin.

[slashz9]

I think there is more room for this year, it's still in the middle of Q2 and usually btc will go up in Q3 or Q4 every year, so just be patient and wait for it to continue but you can also close your btc for now and switch to altcoins, it all depends your decision, people will only give their opinion.

[Sanitough]

As the altcoin season is finally here, it's expected that money will flow to altcoins but it will not live bitcoin worthless, bitcoin is still a coin to watch. The hype is so high at the moment, so FOMO is happening and whatever coin is hype, people follow it.

just like the old days, after this altcoins season, investors will slowly go back to bitcoin as it's the most stable coin in the market and the dominant rate of bitcoin will again rise to 50% to 60%.

as of this writing, the BTC dominance rate is only 42%

[Gheka]

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.

Money is flowing to altcoin because of decreasing BTC dominance. We may see more spikes on altcoin but at some points again BTC will pump and altcoin will go down. These happen in 2014 and 2017 as well. This cycle of alt season happens often in the crypto space and those who are in crypto from 2017 know what to do now and what will happens next.

Bitcoin is trying to refine and solidify its value, so we very often see uniform declines and increases from bitcoin, each time with such maneuvers, resistance and recovery points will become more rigid to limit the price of bitcoin from falling too suddenly. One definite result is that this energy dissipation will shift the leaked energies to altcoins, too many old altcoins have gradually returned to their worth but this is only a small part of bitcoin's cash flow, it is growing altcoins this way and waiting for a new season, the results of altcoin will shift entirely to bitcoin to improve dominance again.

[Trinx01]

Bitcoin is the safest haven, so just hold your bitcoin but investing in some altcoins are also a good thing, just don't do what you are planning to do, maybe if you have earned money in the next day then use it for investing in another altcoin, the best altcoin, for now, to invest for me is still Doge, XRP, BNB and Shiba. I am now currently holding some little amount of money for those altcoins, I am planning to cash it out before the year ends, but I am still sending funds in it whenever I earn some money in my extra job.

[ningrum]

I think there is more room for this year, it's still in the middle of Q2 and usually btc will go up in Q3 or Q4 every year, so just be patient and wait for it to continue but you can also close your btc for now and switch to altcoins, it all depends your decision, people will only give their opinion.

For me this is not the right time to switch from bitcoin to altcoin,
even so people's decisions are also different and we shouldn't just make decisions,
Of course, in making decisions, of course you need market analysis and others and I think that is important