Money flowing out of BTC into Altcoins

[Benefactor]

Altcoins previously arrived at their pinnacle cost and you are just facing a major challenge by changing over your bitcoin to the altcoin. As I noticed large numbers of the capital additionally streaming to BSC to subsidize those somewhat inferior quality undertakings where they could floor covering pull whenever and I genuinely don't figure they could be supportable for long haul. It goes on for over two years now, with the main year being moderate and a gathering stage, however later particularly after the splitting everything began siphoning.

[tvplus006]

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.

Using bitcoin hodl, you have increased the value of your capital in dollars, but the number of coins you have remained the same. My strategy is different from yours, I transferred my BTC to ethereum and thus increased the number of BTC coins on my balance by 3 times. Yes, it's risky, but the result is worth it.

[Cadaver20]

I also estimate that, btc is stable and some altcoins go up / down very drastically so in conclusion people are transacting in altcoins but maybe after a long silence btc will suddenly move, so you have to determine wisely if you want to turn.

At first only bitcoin was pumped.  As a result, the focus of all investors was on Bitcoin. Now Altcoin is being pumped. So now people are investing in Altcoin in the hope of more profit. Maybe after the price of Altcoin reaches a certain level, Bitcoin will be pumping again.

[Ghondronk]

We have seen a dramatic loss of dominance of Bitcoin in last few weeks. That suggests that the people tend to invest more on high-yield alt-cons as the investors started to believe on the arrival of alt-season in the near future. As a result, more money will flow out of BTC into altcoins.

[Golftech]

We have seen a dramatic loss of dominance of Bitcoin in last few weeks. That suggests that the people tend to invest more on high-yield alt-cons as the investors started to believe on the arrival of alt-season in the near future. As a result, more money will flow out of BTC into altcoins.

The opposite might happening right now, not the alt season that favors the investors but the season where bear

are now taking the market away from the bull, it's a huge fall now from those top alts that acquired good run

after bitcoin hypes up and bring the market to a much better position, still in the hands of strong investors to

keep things up accordingly.

[meysonYo]

We have seen a dramatic loss of dominance of Bitcoin in last few weeks. That suggests that the people tend to invest more on high-yield alt-cons as the investors started to believe on the arrival of alt-season in the near future. As a result, more money will flow out of BTC into altcoins.

The opposite might happening right now, not the alt season that favors the investors but the season where bear

are now taking the market away from the bull, it's a huge fall now from those top alts that acquired good run

after bitcoin hypes up and bring the market to a much better position, still in the hands of strong investors to

keep things up accordingly.

One thing is now clear for sure that there is a huge fear on the market, and now bulls and bears are fighting among themselves. And no one can know for sure which concept will win - the market can go in any direction with a 50/50 probability ...

[Ozero]

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.

We have long predicted that when bitcoin stops in price growth for a while, capital will flow into altcoins. We see this already now and this is absolutely normal. The cryptocurrency market develops cyclically and this is one of the stages of such a cycle. At the same time, these cycles are not just repeating, at the same time there is a spiral development, so the ratio between bitcoin and altcoins can and will change. In any case, it will be for the benefit of the cryptocurrency market.

[muksal]

Bitcoin is the best crypto to keep for the long term but it's obvious that some altcoins would give better ROI than BTC over the years. So it's advisable that you have some extra cash to invest in good altcoins with long term perspectives.

[muksal]

Bitcoin is the best crypto to keep for the long term but it's obvious that some altcoins would give better ROI than BTC over the years. So it's advisable that you have some extra cash to invest in good altcoins with long term perspectives.

[Ghondronk]

It is a known fact that the dominance of Bitcoin has been reduced drastically in last few weeks. Hence, the focus and the edge have been shifted towards the alt-coins. But with the recent news related to the decisions taken by a prominent car manufacturer and some sort of investigations against a well-known exchange, have created uncertainty among the community. But no-one can predict exactly on market movements whhich may take place in next few days.

[capcaypro]

I don't think that what is happening now is the end of bitcoin, there will be a time when this continuous correction is a natural thing in my opinion and this is not the end of bitcoin, but this is just my opinion I don't know if others consider it the end or no.
for advice to you you should keep your assets in both in the sense of altcoin you keep in bitcoin even if you have assets that you manage I am sure this will be better for your future.
because this is your chance in storing your treasure so that you will be calmer in the future

[budlo]

If, indeed, the cycles of bitcoin and altcoins tend to repeat themselves, then we are in a situation in September 2017 or January 2018. I think the situation will clear up in 1-2 weeks. But I am more inclined towards the first variant of correction and continued growth.

[odukoyaewatomi27]

With the money flowing out of Bitcoin, that means Bitcoin dominance is reducing. Considering what happened in the last altcoins season. I think we are about to have another altcoins season too, because the money flowing out of Bitcoin would be invested in altcoins.

[warg2017]

I say it is time to sell your btc, but not for buying altcoin, just selling and keeping the money. As Bitcoin's share of the market continues to decline, now below 40 percent, it is a sigal that Bull is over.

[MFahad]

I say it is time to sell your btc, but not for buying altcoin, just selling and keeping the money. As Bitcoin's share of the market continues to decline, now below 40 percent, it is a sigal that Bull is over.

Bull run is not over yet and bitcoin will recover very soon as it is time for increase in dominance.


https://www.tradingview.com/chart/BTC.D/RGQU7X28-ALTCOINS-still-have-a-room-but-take-care/

[akirasendo17]

I think everyone agrees that traders swing bitcoin to altcoins often if they knew there will be a profitable coin in altcoins because at the end of the day traders need to profit, and if they knew there is a possibility that bitcoin will rally they will put everything in bitcoin, its just business for traders, to be able to earn, because, if you will just put your money on something that is not moving, there will be no profit, and its a big gamble for them if the coin they choose goes down its a loss.

[sapnu]

I think the wisest idea is to diversify your investment in both but prioritize bitcoin more because there is a high possibility that it would reach more ATHs. For altcoin, the altcoin season was considered to have began right before we noticed it so there's nothing wrong if you are going to keep investing in altcoins. Bitcoin has faced a new issue andnl its price was hardly affected ever since Elon Musk dumped bitcoin from Tesla. I believe there's more to come for bitcoin regardless of the issue so keep on investing on it no matter what.

[Dump3er]

I think everyone agrees that traders swing bitcoin to altcoins often if they knew there will be a profitable coin in altcoins because at the end of the day traders need to profit, and if they knew there is a possibility that bitcoin will rally they will put everything in bitcoin, its just business for traders, to be able to earn, because, if you will just put your money on something that is not moving, there will be no profit, and its a big gamble for them if the coin they choose goes down its a loss.

I don't know if the ordinary traders are really the traders who stop the trends or if it is the large investors who begin to stop a trend for Bitcoin and make adjustments to their portfolio into alt coins.

[kapalmabur]

I say it is time to sell your btc, but not for buying altcoin, just selling and keeping the money. As Bitcoin's share of the market continues to decline, now below 40 percent, it is a sigal that Bull is over.

If you want to sell all BTC assets, why not do it at the beginning of this month, because if you sell now you will definitely experience losses even though not in large amounts, because selling when the price drops is the wrong strategy.

That is very clear and I also do not understand why selling when the price goes down,
after all it was an improper decision given such conditions,
if the price drops we need to hold it back and be patient

[trauchot]

So far, it is difficult to say what will happen next, because at the moment there is a correction of the cryptocurrency market and the price of bitcoin and the price of altcoins are falling, so we need to wait a while and then it will already be seen and then it will be possible to act, and so generally the growth of the cryptocurrency market has been going on for a long time and a long correction may have begun, but since it is still not clear we need to closely monitor the cryptocurrency market in order to roughly understand what will happen next.