Bitcoin dominance TA - Switch to BTC soon?

[el kaka22]

I do think so.

Whenever the bitcoin market cycle peaks, there is a tendency for alts to overshoot their intrinsic value quite substantially.

We are seeing this already in markets like DeFi and NFTs where there is virtually no usage case at the moment, yet people are placing crazy valuations onto these tokens. BTC is a much more established store of value that people will appreciate once these side projects go bust.

That's what I believe will happen soon enough, altcoins are in a level where they will definitely overshoot their value for sure, it is not going to be today or right now but it is getting closer and closer. When bitcoin reaches its peak, then there won't be any big increases left there, what do you think could happen, 100k+ for bitcoin? That's going to be a bit hard and that's why it is obvious that we will not be ending up happening anytime right now, it is going to happen in the future probably but not right now.

This is why I think it is quite good possibility that altcoins will be going up in the near future, it is going to be a lot more possible, ethereum at 5k+ is quite possible, bnb getting to even 1k levels is possible those are a lot more possible than 100k+ for bitcoin. Which is why I think it is quite possible for altcoins time to shine these days.

[leea-1334]

@leea-1334, For a low amount of investment, holding altcoin is ok. you can't make enough profit from bitcoin if your investment is not large. It will be difficult to survive in the bitcoin market with a low amount of investment.

I suppose that is true,,, but I was also a small investor starting out. Barely $100. And if I had kept it in Bitcoin before it got to $1000 I would have made now 50 x $100 = $5000! And this is only five years wait.

But I put it in many many alts that today even I will have a hard time trying to find an exchange that has enough volume to sell them for cents.

So I say this from experience.