We are seeing notable gains on some altcoins at the moment (LRC, Matic, LTC...) and with it once again posts about "alt season" and how BTC dominance time is over.
Be reminded that until confirmation of a reversal, we are still in a bear market. Alts tend to underperform during such time and are riskier to hold.
Can you make great gains by DCA ing into alts? Absolutely. But is it reasonable to not hold blue chips (BTC, ETH) during a bear market because you wish for bigger gains or have it being a minority part of your portfolio ? The past shows us it is not.
BTC dominance is at 40% currently. While I do not believe it will ever reach previous highs of 70% and more, I do think that should the market fall it will rise.
For all newcomers, do not underestimate BTC nor ETH. Build a diversified portfolio with a strong portion of those. The risk reduction is well worth the lesser possible gains.
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