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Topic: All Eyes on BTC Dominance! - page 3. (Read 795 times)

member
Activity: 571
Merit: 11
April 30, 2021, 02:49:09 PM
#76
everyone must be focused on the btc price movement to hit the $ 100k level. but if we want to buy btc for the current price, it could be if we leave it then we will benefit in the next few months
I think this new bull run will be very different from the previous ones and if everyone expects 100k they will probably come but after that I would not expect a 70% dump but rather a continuous growth behind new institutional investors.
member
Activity: 280
Merit: 28
April 30, 2021, 02:23:54 PM
#75
BTC dominance is now below 50%, this is now the start of the altcoins market, bitcoin is only fluctuating and it's not anymore creating a new ATH

It's been just 2 weeks since the last ATH and the one before that was in March. I don't think this is a valid point for assessment.
This is to confirm the altcoin season since Bitcoin stabilize on a good price for now and many altcoins are rising unexpectedly. The so called shitcoins are now rising and making a lot of money for the scalpers, if Bitcoin dominance continues to fall or to stay on this level for now, the altcoins season will become stronger so better to hold more good altcoins now since ATH with altcoins is still possible.

And the very next day BTC jumps up again LOL, right after I opened short positions.
hero member
Activity: 1610
Merit: 507
April 30, 2021, 12:47:21 PM
#74
Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.
If that indication is true, then almost 60% good Altcoins are good to buy at this point, just afraid that later the indication will be wrong so that many people will suffer losses before the Alt season starts.
Buying altcoin now still good, but you need to research for more because some top altcoins already increase and make a new ATH, so that will not be easy to find the right coins. If you still want to buy those altcoins, maybe you can wait for a downtrend for that coin so you do not buy at a high price. I suggest you be careful to buy altcoins.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
April 30, 2021, 11:07:43 AM
#73
The dominance will vary over time. When Bitcoin increases its dominance will increase and afterwards comes a time where Bitcoin holders take there Bitcoin and invest them into alts. Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.
This happens mostly because of retail investors, once the performance of bitcoin begins to slow down they turn their head to altcoins thinking they can get better profits, this creates a self-fulfilling prophecy as the profits altcoins produce begin to go up as more people decide to do the same.

However the increase in the price of altcoins comes from speculation, which means that as soon as the price increase of bitcoin resumes many retail investors leave altcoins behind and comeback to bitcoin producing a crash on the altcoin market.
jr. member
Activity: 406
Merit: 1
April 30, 2021, 10:51:59 AM
#72
everyone must be focused on the btc price movement to hit the $ 100k level. but if we want to buy btc for the current price, it could be if we leave it then we will benefit in the next few months
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
April 30, 2021, 10:47:09 AM
#71
Your prediction is definitely wrong @poster, I dont have to prove it to you but I believe time will be in a better position to prove this to you, so when time comes, we all know, in as much as to you, it sounds like you prediction is correct, don't take your word for it cus the crypto market is still very much unpredictable, things can change in a matter of seconds.
And speaking of bitcoin dominance, I don't know about other people's opinions but personally, I know that the lower bitcoin dominance goes, the higher altcoins start to go, so basically, if bitcoin rises to lets say 100k$ and it's dominance falls below 40 or 35 percents, altcoins will fly, not just fly but the entire altcoin market will be on fire, we all know that bitcoin has the most money in crypto  and its dominance reducing simply means its pushing some of those money to the altcoins.
legendary
Activity: 2268
Merit: 1655
To the Moon
April 30, 2021, 10:34:00 AM
#70
When we consider the recent bitcoin movements, we can say that we are slowly transitioning to the altcoin season. Bitcoin now seems stable.

The decline in the dominance of bitcoin means that investors are beginning fixed to  profits from the sale of BTC and invest the funds received in altcoins. For this reason, we see that the price of ETH relative to BTC has increased by 40% over the past month. And this is just the beginning of the altcoin season.
member
Activity: 588
Merit: 10
-ethernity cloud-
April 30, 2021, 05:16:24 AM
#69
Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.
bitcoin price is still $54,000 decrease 10% comparing to the mid of this month. I also think bitcoin is less dominated now, I like to see altcoins has more power in crypto market. As the price of Bitcoin stagnates now, funds will begin to flow from Bitcoin to ethereum, then further down into the rest of the crypto market.
hero member
Activity: 2030
Merit: 402
April 30, 2021, 04:33:52 AM
#68
Very interestingly, Bitcoin dominance is still continuing to drop down. It's dropped to %48.0. I really wonder what's the reason behind this huge decrease? Because the price is still at a decent level.
sr. member
Activity: 1246
Merit: 250
April 30, 2021, 04:04:08 AM
#67
Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.
If that indication is true, then almost 60% good Altcoins are good to buy at this point, just afraid that later the indication will be wrong so that many people will suffer losses before the Alt season starts.
hero member
Activity: 2128
Merit: 520
April 30, 2021, 03:15:36 AM
#66
Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.


Good news for people who are also engaged with alts investment, the dominating factors of Bitcoin is now much lesser

meaning that Alts are also gaining attentions from investors,  the sideways though are just another test and seeing the

current movement the chance that it may bounce back to $60K level is very possible.

As of the moment the bitcoin dominance is already below 50% and I guess that it can go down until 45%. With the bitcoin dominance dropping is a good sign for us to shift to altcoins because I can feel that we are now near to the alt season.

Like what we are talking above, the dominance is much lesser and for crypto investors who also eyeing for good and solid

alt project, diverting some of your money to your chosen asset is also profitable.
hero member
Activity: 2086
Merit: 761
To boldly go where no rabbit has gone before...
April 30, 2021, 02:48:13 AM
#65
As of the moment the bitcoin dominance is already below 50% and I guess that it can go down until 45%. With the bitcoin dominance dropping is a good sign for us to shift to altcoins because I can feel that we are now near to the alt season.

Some say this bull run will be a bit different than the one in 2017 tho.
They call it a slow burner, meaning it will last longer, probably for another 9 months, but the price oscillation will not be as big as the previous one
sr. member
Activity: 2016
Merit: 283
April 30, 2021, 02:19:33 AM
#64
Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.
i believe also. Because when bitcoin is increasing dominance there are some alt coins that falling afterwards, but not the entire alternative coin in the market FYI, wherein as the matter of fact there are also that doing the same reactions with bitcoin ,  Actually mostly traders using this technique when choosing a coin to trade and its useful in my opinion..
full member
Activity: 368
Merit: 101
April 30, 2021, 02:04:32 AM
#63
As of the moment the bitcoin dominance is already below 50% and I guess that it can go down until 45%. With the bitcoin dominance dropping is a good sign for us to shift to altcoins because I can feel that we are now near to the alt season.
legendary
Activity: 3766
Merit: 1217
April 29, 2021, 10:49:23 PM
#62
Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.

Bitcoin dominance of less than 50% means that we are entering the overhyped territory in cryptocurrency market. Given the current user base, adoption and acceptance, the fair market share expectation for Bitcoin should be around 80%, and that for altcoins should be around 20%. The current spike in altcoins is caused purely as a result of speculation. Because of the hype, many of the useless shitcoins are also having valuations of tens of billions of USD, which is not sustainable in the long run.
full member
Activity: 674
Merit: 100
April 29, 2021, 10:16:45 PM
#61
Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.
sr. member
Activity: 543
Merit: 250
April 29, 2021, 06:02:56 PM
#60
The dominance will vary over time. When Bitcoin increases its dominance will increase and afterwards comes a time where Bitcoin holders take there Bitcoin and invest them into alts. Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.
hero member
Activity: 2828
Merit: 518
April 29, 2021, 06:01:52 PM
#59
We've always had btc dominance in the cryptocurrency space, I believe it's expanding due to the bull run and the fact that altcoin is also increasing should bring the dominance to a halt, but that doesn't seem to happen. The bull run of this season has lasted for quite a while now and it could bring about some chances for some thing different in the market.
The market still in Bullrun, both Bitcoin, and altcoins. And as the momentum keeps looking like that, I'd even more positive that it rallies more and stay longer more than what we expecting.
We have a short pump in the past few days, people are to think about the end of the bull season and taking the chance to invest in altcoins but we are wrong. In fact, we even see the Bitcoin dominance rally back high. We have been tested several times and yet, we are still strong and getting stronger.
hero member
Activity: 1344
Merit: 502
April 29, 2021, 05:37:06 PM
#58
At this time market and specially butcoin price is ep volatile and everything can be happen in two days. Most worry thing is that btc dominance decreasing day by day but its price is almkst stable. This can dump the while market at a time.
member
Activity: 279
Merit: 10
April 29, 2021, 05:30:25 PM
#57
When we consider the recent bitcoin movements, we can say that we are slowly transitioning to the altcoin season. Bitcoin now seems stable.
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