Everytime Bitcoin goes UP, ALTS go up just a little, and Everytime BTC goes down, ALTS go down a lot!
If you don't believe me check your favorite Alts and you will see (of course there are a few exceptions, but not for long)
Knowing this if bitcoin has a big drop, lets say to around +-$4100 or even lower, to +-$3400 what will happen to those ALTS that are already in the 2017 lows before the bull run of that year?
They are gonna go almost to ZERO! and what will happen to the ALT if the miners abandone that coin? ...high chances of %51 % attack? ... developers dump?
The ALTS that I see that have more risk of going to ZERO or almost ZERO are all the PREMINED ALTS (Including Tokens), with the premined coins you are putting the all your faith in the developers. Do you know them? why are you trusting your money in people in other country that you don't even know! the point of crypto is to being decentralized!
What do you guys think?
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This is only for entertainment purposes, not financial advice.
Bitcoin dominance is going up again .. you can check "BTC Dominance" on coinmarketcap for example ..