
With Bitcoin dominance creeping back up to nearly 60% amid a price stall in the last few days of 2024, there’s a growing belief among traders it could be time to switch their accumulation strategy toward altcoins.
“Altcoins, at this juncture, offer a far more optimal R/R [Risk Reward] profile than Bitcoin does,” pseudonymous crypto trader Dyme said in a Dec. 27 X post, adding:
“Time to DCA Bitcoin is over for another 1.5+ years.”
Around 83.5% of crypto investors have used the dollar-cost-averaging (DCA) strategy, and 59% still use it as their primary way to buy crypto, according to a survey published by Kraken on Oct. 7.
The DCA strategy is investing a certain amount of money in an asset at a fixed, regular time, to capture the highs and the lows, resulting in one average purchase price.
Bitcoin dominance is sitting at 58.35% at the time of publication. Source: TradingView
Dyme said to their 64,400 X followers that the altcoin market in 2025 will be “silly af” and said there could be higher risk/reward opportunities in assets from Dogecoin (DOGE) to Solana (SOL) or a wider range of memecoins.
However, Dyme said existing Bitcoin (BTC) holders should “stay the course and ride it up.” “Assuming, of course, the cycles continue,” he said.
Echoing a similar sentiment, Soap Capital CEO Tyler Durdan said in a Dec. 26 X post that the “next leg up will be glorious.” Durdan added:
“I’m toying with the idea that it may be the final legs and cycles are, in fact, still a thing.”
Cinnaeamhain Ventures partner Adam Cochran also appears to agree, saying that he believes a US Bitcoin Strategic Reserve has “low odds with current Congress” which would make it hard see Bitcoin outperforming the rest of the market in the short term.
“Other assets will benefit from regulatory clarity, new launches, new ICO eras etc., and that will suck a lot of liquidity out of the room for BTC,” Cochran said in a Dec. 26 X post.
Change in attitude to Bitcoin ‘from the top’ in the US
However, some observers including Blockchain Association CEO Kristin Smith says the Bitcoin momentum is far from over, and there is…
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