At the beginning of December, when crypto enthusiasts started predicting altseason, Santa rally (some 'experts' were still managing to buy at that time), in general, everyone was waiting for an altcoin moonshot, I wrote that altseason is what is happening now and it’s actually time to take profits, because there won't be another altseason anytime soon.

Of course, I was explained back then that it was obvious – I was inexperienced 😁 didn’t understand anything and 'oh, I see, there’s nothing to talk about', they brought screenshots of posts from Twitter in 2020, where people also didn’t believe, but 'then…'

'History doesn't have to repeat itself, but it rhymes' and how all those who believe they will sell their $STRK for $2 calm themselves down, those who filled their portfolios with junk like $NOT , $DOGS or, God forbid, hamsters and Trump.

Oh, another thesis 'dominance will fall, and then'... 😅

Guys, just for general education: it’s not that altcoins are rising because dominance is falling. The fall in dominance is a consequence of money flowing into altcoins.

People who apply technical analysis to the dominance chart certainly have the right to freedom of expression, but the truth is that you could just print the chart and let a 3-year-old doodle on it — it would be the same 'analysis'.

As for the market as a whole: as I wrote, in the summer, nothing usually happens in the market. Of course, with Trump it became 'more fun' and the moods of market participants change more often, but if you consider the fact that those who wanted to have already managed to buy and even might have managed to sell, I assume that we are facing a sideways trend, in which, most likely, there will be either unloading, accumulation, or all at once: some will fix profits, some will accumulate before a possible autumn pump.

I emphasize — possible. I assume such a scenario, but you need to understand that I don’t see the future (and no one does) and any 'black swan' can happen tomorrow.

But for now, a sideways trend is the most likely scenario for me. Which, in my opinion, is not so bad, considering that altcoins have room to fall (always) and the more they fall, the longer and harder the recovery will be. Note that some coins (like DOT) are already trading at their 'deepest' lows of this year. That is, Bitcoin has made +40% from its April bottom at the current price of 105,000, while DOT has made +20%.

The market is simpler than it seems: they buy what is in demand, not what is cheap, and prices rise accordingly where there is demand, not where Vasya has drawn a triangle on the chart. Therefore, Hype has already made 4x since the fall and will continue to grow, ETH and L2 will wait for their moment, and all sorts of digital junk will lie as dead weight, and at the moment when liquidity appears in the market, it may make 3-5x, but there is a nuance: the x's will be from the very bottom, which means that most holders will have the opportunity to exit at breakeven with a good outcome or even take a profit, but those who bought at local highs will likely hit the 'waiting for altseason' button again and the coins will continue to sit in anticipation of brighter days. To then, like in that picture with the old man who tells the paramedics that the spring is being compressed 🙂

Moral: if you are chasing x's, select projects carefully. If you want stable profits — buy BTC. Unlike all the DOTs, NOTs, SHIBs, and even ETH and SOL, this is the only asset that even if you had bought at the VERY highs in the past cycle, you would still be in excellent profit.

Invest wisely and take care of yourself 🤓

P.S.: As for the ATH for BTC, I stand by my opinion — I believe that globally we will be steadily growing in the coming months (of course, this does not exclude local corrections).

Among altcoins, I continue to hold ETH, SOL, and AAVE (I don’t expect x's from them, but the chance of falling 10 times, as many projects did in the spring, is lower). I also hold a small amount of other projects: some I was greedy to sell in December, some I believe in and originally bought for the long term, and some were purchased in March-April — mainly memes, AI, and low caps — FET, AIXBT, WIF – the latter managed to give three x's from the bottom, so I fixed half, I will presumably hold the other half until autumn. Well, or until the moment when the first knock from the bottom comes, DOT rises to $10 and everyone will start writing again that the altseason 'is about to come' — March and October 2024 showed that during this time at least half of your alternative coins need to be sold.