Crypto Altcoin Weakness: Consider BTC Dominance or Selective Entry
The discussion indicates strong bearish sentiment towards altcoins, with users noting 'Alt/btc ratios decimated' and feeling 'Rekt.' This suggests a potential rotation of capital from altcoins into Bitcoin, or general market weakness impacting smaller cap cryptocurrencies more severely. Investors could consider increasing their Bitcoin exposure due to its relative strength or dominance, or cautiously look for highly oversold altcoin projects with strong fundamentals for a long-term, speculative entry, acknowledging the 'not selling 💎' sentiment from some holders. Caution is advised, as the market sentiment is mixed with ongoing 'Gloom and Doom' tempered by hopes for a '2024 Christmas rally.'