That's why altcoins are being dumped despite the increase in bitcoin prices!

The price of Bitcoin is skyrocketing day by day. From that low price, now the price of Bitcoin has crossed 1 lakh dollars. But last year the price of Bitcoin fell below 20000 dollars. But from that position the price of bitcoin started to increase gradually since the beginning of this year the price of bitcoin started to rise and now the price of bitcoin is close to 1 lakh 6000 dollars. Maybe we will see the price of Bitcoin skyrocket this year or next year and many think that the price of Bitcoin can go up to two and a half million dollars. But despite Bitcoin's price, there are many investors who are worried. This is because those who are small or retail investors like me are worried about the falling price of altcoins.

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In particular, the price of Bitcoin is above one hundred thousand dollars, but due to the dominance of Bitcoin, the prices of other coins are generally decreasing. For the past few days, due to increasing dominance of Bitcoin, while the price of Bitcoin is increasing, the price of Altcoins is decreasing. Generally we see in the market that when Bitcoin dominance increases and Bitcoin dominance starts to pump, the price of altcoins starts to decrease. Currently Bitcoin dominance has grown quite well due to which the prices of other coins have dropped massively. Generally due to all these reasons instability can be seen in the market. During this period, the prices of other coins usually drop significantly. But again if Bitcoin dominance starts to wane then we usually see other coins rise in price.

It is usually seen that the big investors who are there during this period usually sell the altcoins and invest in Bitcoin during this period. Because it can be seen that Bitcoin investment from other coins becomes profitable during this time, so many people sell the coins and invest in Bitcoin. And because of all these reasons, when big investors start investing from altcoins and start investing on bitcoins, a sell pressure falls due to the sale of altcoins in the market and due to this, the price of these coins starts to decrease.

But this time is temporary. Because it is not a positive thing when bitcoin starts to rise continuously but it is a positive thing to take such corrections every now and then. If we look at other times too, we see that Bitcoin does not rise continuously but instead takes occasional corrections and then starts to rise again. And that's great for altcoins. Moreover, if bitcoin is stable at a place then it can be seen that people start investing from bitcoin and start investing in altcoins and because of that a good movement is seen in altcoins. But if you can sit patiently during this period, then surely the result will be sweet. Since we have been patient for a long time, if we are patient for a little while, hopefully we will get something good soon.