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RE: Why I'll Sell Bitcoin if it Reaches $17,000 Soon
It's simple - when Bitcoin's dominance is higher, altcoins have moved out of favor. When they go out of favor, there is more room for them to increase when they come back into favor. It's just another way of saying 'buy low, sell high' except instead of comparing altcoins relative to USD, we are comparing it to Bitcoin.
I think by the end of this entire fiasco, bitcoin (core) will hold 25-30% of the entire cryptocurrency market. This will not happen for probably another year or two though.
Have you seen any well-documented empirical evidence for this inverse correlation? I hear it often so I'm sure it has at least some merit, but I'd like to see some concrete data supporting it.