Well everybody knows that bitcoin has gone crazy in a parabolic bull run for the last couple of weeks. But what has shocked everyone is the fact that almost all altcoins dumped as hard as bitcoin mooned. It was a rampage a bloodbath a death carnival for altcoins. Some claimed alts are going to die, but would they really die?
First and foremost i should answer this question with a definite no. As soon as bitcoins rocket fuel perish and traders move their capitals to undervalued coins,altcoin season will start. More important than that the surge of bitcoin has caught many eyes and ears among other retail investors and everyday people. They want piece of the cake for sure. They will be led by their brokers into the game. Do you think they will invest in bitcoin? Wrong, they want to buy the cheapest and those with the most potential to moon. Their choice will be altcoins and there is plenty of them. Since this is the early days of new bull cycle and since the common retail investors haven't forget the last hype they will join the party soon and since their gambling desires will be fed by huge profits in the coming months they will bring even more liquidity to the market fueling the rocket to moon.
So to put it in a summery i don't think alts are dead. Far from it as a matter of fact i think we will see huge bull runs among many altcoins in the next coiming weeks. And for the record i expect a new ATH for bitcoin to be marked in the first quarter of 2020.