Can you make money on alt coins?

BTCC Introduction: BTCC, a cryptocurrency exchange headquartered in the UK, offers a comprehensive range of services to its customers. These services cater to the diverse needs of traders and investors, providing them with access to various trading opportunities in the cryptocurrency market.

BTCC Services Overview: Among its offerings, BTCC provides spot trading, futures trading, and wallet services. Spot trading allows customers to buy and sell cryptocurrencies at the current market price, while futures trading enables them to speculate on the future price movements of cryptocurrencies. Additionally, BTCC's wallet service offers a secure and convenient way for customers to store and manage their digital assets.

Comprehension of Market Fluctuations: Upon a substantial price escalation in Bitcoin, often referred to as a 'pump', a subsequent diversion of profits from Bitcoin into alternative coins (altcoins) occurs. This shift is attributable to traders and investors seeking enhanced returns in altcoins, particularly when Bitcoin's price reaches a stable level or enters a consolidation phase following a pump.

Altcoin Attraction: The allure of altcoins lies in their potential for offering higher returns than Bitcoin during specific market conditions. Traders and investors capitalize on this opportunity by reallocating their funds from Bitcoin to altcoins, aiming to maximize their profits.

Market Divergence: The divergence of profits from Bitcoin to altcoins reflects the dynamic nature of the cryptocurrency market. As Bitcoin's price fluctuates, investors and traders adjust their portfolios accordingly, seeking opportunities for higher gains in other cryptocurrencies.