"We have all watched Bitcoin rocket and Alts deteriorate.
Alts have been dropping not just against BTC but USD also.
Many have hit new All Time Lows, with very little bounce.
We all know that there are way too many "me-too" coins.
Sure some of them are great Concepts with good Teams.
But are there really 1000's of ways to use the Blockchain?
We also know the newbie chase for the "next Bitcoin".
The King is proving that there will never be another.
Investors have come to realize and are returning to BTC .
Governments have given no clarity about token/ico sales.
Institutions entering will only invest in 'approved' coins.
ETF's and regulated securities will only cover a few coins.
I do expect ONE more pump of the alts, perhaps next Alt season.
That, in my opinion, will be the LAST gasp for many of the alt coins.
Bitcoin DOMINANCE (upper left-most) should keep its rhythmic climb.
Of course many of these coins will Bounce here shortly.
Of course many new projects will yet be Birthed surely.
Of course many newbs still seek a new Bubble to blow.
But the music will stop with far less Chairs than Players."
Quote by EuroMotif
BTC Dominance Reach ATH today. i expect this is still going to follow my channel on my chart that i made yesterday. And there no sign of slowing down yet.
If altcoin can endure this time being, i can see a huge profit after the btc finish it's run up and "Alt-season" might bestow upon the endured alt for 1 last time. IF BTC.d do retrace from it's ATH at some point on the distant future.
I compile between BTC and some altcoin that had a free fall from ATH on satoshi level.
BTC
STEEM
XVG
Tron
ETC
LISK
Waves
ADA
XRP
STR
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion, any relation between my posts toward any of your trading decision would be on your own consequence. please feel free to share what your thought on comment section.
peace.