After a dramatic bullish trend, bitcoin is experiencing a bearish trend. But looking at the details, altcoins are suddenly jumping into a bullish trending against the whole cryptocurrency market sliding down with the bearish trend. For instance, litecoin climbed from $45 to $ 350, bitcoin cash climbed from $300 to $4500, dogecoin climbed from $0.001 to $0.008, peercoin climbed from $1 to $7.
What does this mean?
This means that there has been a sudden demand for these altcoins at different times ie more and more people are also buying altcoins with their bitcoins and diversifying their portfolio. Due to the fact that bitcoin cash is going to be accepted at major payment processing companies just like bitcoin and its acceptance in coinbase and blockchain wallet, its value has surged due to more businesses accepting its payment. You can now see some companies that accept litecoin, dash and peercoin for payment which means the altcoins are getting more and more accessibility and transactability
However bitcoin is the real gold. You will need need to buy bitcoins first to exchange any other cryptocurrencies. So, the value of bitcoin will always be the highest. Remember there are already hundreds of other blockchain cryptocurrencies that are better than bitcoin in case of time and transaction cost, ie effectivity and efficiency but since bitcoin is the father of all other cryptos the community is willing to make it the most important cryptocurrency.
The latest fall in the price of bitcoin is just the community inviting general people to buy bitcoin in cheap. This also meant the community investing heavily in other altcoins that are superior to bitcoin in their own way, hence giving high liquidity to all other cryptos. So it is indeed the right time to buy bitcoins and also invest in some small alt coins
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