All Eyes on BTC Dominance! - page 5.

very_452001

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Quote from: Baofeng on April 22, 2021, 06:07:27 PM

Quote from: very_452001 on April 21, 2021, 07:56:37 PM

Man Bitcoin dominance is taking a dump Shocked

Btc price is dumping too.

But btc dumping is not dragging alts down too indicating altcoins will be better than bitcoin for the time being.

When you guys think btc dominance will recover cause that's the best time to sell alts before btc dominance recovers and continues its bull run to 100k?

If btc crashes to 20k the only way to get btc back on bull market track to 100k from 20k is btc dominance recovering to like 90%+ correct?

I'm not sure if btc will crash to $20k, although we are now closer to $50k again and all the market is bleeding. For the time being? I would say btc is still a good hedge as compare to altcoins because of the volatility. Dominance though is still above 50%, indicating that bitcoin is still somewhat the main driving force. It is goes down, everything goes down, that's the control bitcoin has over the market.

Isn't it below 50% now?

Baofeng

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Quote from: very_452001 on April 21, 2021, 07:56:37 PM

Man Bitcoin dominance is taking a dump Shocked

Btc price is dumping too.

But btc dumping is not dragging alts down too indicating altcoins will be better than bitcoin for the time being.

When you guys think btc dominance will recover cause that's the best time to sell alts before btc dominance recovers and continues its bull run to 100k?

If btc crashes to 20k the only way to get btc back on bull market track to 100k from 20k is btc dominance recovering to like 90%+ correct?

I'm not sure if btc will crash to $20k, although we are now closer to $50k again and all the market is bleeding. For the time being? I would say btc is still a good hedge as compare to altcoins because of the volatility. Dominance though is still above 50%, indicating that bitcoin is still somewhat the main driving force. It is goes down, everything goes down, that's the control bitcoin has over the market.

tbterryboy

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Quote from: very_452001 on April 11, 2021, 05:09:33 AM

- Once btc rallies to next leg up to $70k then will that mean btc dominance will recover and from there will alts go sideways or go down in price?

- Once btc stops at $70k and go sideways between $60-70k like it is doing now between $50-60k then will btc lose dominance and its alt season again for another month or longer right till btc takes the next leg up to $80k right?

- If everyone expects btc to top $100k in this bull market then from my calculations if bitcoin is doing this every $10k leg up predictable pattern that is every $10k leg up for btc then it goes sideways for a month or so then we have remaining 3-4 alt seasons left in this year before everything crashes into the new following bear market right?

Bitcoin has been kind of really weak these days, just look at the chart we have right now it is becoming something else and is no longer the bullish chart that we have been seeing for months before now. When I checked the chart today, I started with five days chart and it was on the red mark and over to the one month and the market was the same. It is just going down.

Although around last week we saw something like this where the market tried to go down and after dropping low to $54k it later moved again up to $56k. So we don’t know what it will be this time, it can still get back up again.

very_452001

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Activity: 1056

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Man Bitcoin dominance is taking a dump Shocked

Btc price is dumping too.

But btc dumping is not dragging alts down too indicating altcoins will be better than bitcoin for the time being.

When you guys think btc dominance will recover cause that's the best time to sell alts before btc dominance recovers and continues its bull run to 100k?

If btc crashes to 20k the only way to get btc back on bull market track to 100k from 20k is btc dominance recovering to like 90%+ correct?

Fundamentals Of

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Quote from: bitgolden on April 20, 2021, 09:00:48 AM

Quote from: Fundamentals Of on April 20, 2021, 08:55:09 AM

Quote from: kidbounty on April 18, 2021, 09:59:48 AM

Bitcoin dominance cannot fall more than 50%.

Lol. Do you even know what Bitcoin dominance means? Why do you think Bitcoin dominance cannot fall below 50%?

Bitcoin dominance is always moving up and down. There is nothing surprising about it if Bitcoin dominance will fall below 20%. Sometimes the altcoins are bullish that crypto funds are moving toward them rather than toward Bitcoin. And then time will come when the funds will get into Bitcoin from altcoins and that's the time Bitcoin bulls come, resulting to a higher dominance. It is just a cycle.

I believe that there will be no proper explanation available to enlighten us why bitcoin dominance cannot fall below 50%; when there are more number of new altcoins and tokens are being created each and every day and old coins and tokens are continuously being pumped, how we can expect that bitcoin dominance to stay at same level and cannot fall below 50%.

In my opinion bitcoin dominance is just another metric like marketcap without any scientific approach. These are mere numbers that can be used only for up to the level of comparison and nothing else.

Bitcoin dominance is useful in a way. It could somehow be used as a gauge on how altcoins are playing their role in the bigger cryptocurrency environment. Bitcoin dominance could also tell us how investments in crypto are being distributed. In other words, we could make hypotheses and theories out of its rise and fall. However, there seems to be no reason why it should always stay at least 50%. In fact, it has already fallen lower than that countless of times.

Market cap tells us a lot about the growth of a coin.

Kasabus

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Quote from: very_452001 on April 11, 2021, 05:09:33 AM

What's the lowest do you guys think BTC dominance will touch down to? 50% or lower?

Questions:

- Once btc rallies to next leg up to $70k then will that mean btc dominance will recover and from there will alts go sideways or go down in price?

- Once btc stops at $70k and go sideways between $60-70k like it is doing now between $50-60k then will btc lose dominance and its alt season again for another month or longer right till btc takes the next leg up to $80k right?

- If everyone expects btc to top $100k in this bull market then from my calculations if bitcoin is doing this every $10k leg up predictable pattern that is every $10k leg up for btc then it goes sideways for a month or so then we have remaining 3-4 alt seasons left in this year before everything crashes into the new following bear market right?

That only if you are controlling the market but unfortunately, you're not and nobody else. It comes to say and think that easy but ever since only a lucky person closely correct to his/her prediction. We are standing still below $70k, $100k is quite close to it but not to wonder what it never go that reach so easy as we can't stop and direct the market to stay on the rally rather than seeing some of the dump to come out.

Quote

Why is it becoming so predictable like this pattern described above Huh

But easy predictability means more money making yeah Cool

Nothing has change and the market remain unpredictable.

bitgolden

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Quote from: Fundamentals Of on April 20, 2021, 08:55:09 AM

Quote from: kidbounty on April 18, 2021, 09:59:48 AM

Bitcoin dominance cannot fall more than 50%.

Lol. Do you even know what Bitcoin dominance means? Why do you think Bitcoin dominance cannot fall below 50%?

Bitcoin dominance is always moving up and down. There is nothing surprising about it if Bitcoin dominance will fall below 20%. Sometimes the altcoins are bullish that crypto funds are moving toward them rather than toward Bitcoin. And then time will come when the funds will get into Bitcoin from altcoins and that's the time Bitcoin bulls come, resulting to a higher dominance. It is just a cycle.

I believe that there will be no proper explanation available to enlighten us why bitcoin dominance cannot fall below 50%; when there are more number of new altcoins and tokens are being created each and every day and old coins and tokens are continuously being pumped, how we can expect that bitcoin dominance to stay at same level and cannot fall below 50%.

In my opinion bitcoin dominance is just another metric like marketcap without any scientific approach. These are mere numbers that can be used only for up to the level of comparison and nothing else.

Fundamentals Of

sr. member

Activity: 2380

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Quote from: kidbounty on April 18, 2021, 09:59:48 AM

Quote from: very_452001 on April 11, 2021, 05:09:33 AM

What's the lowest do you guys think BTC dominance will touch down to? 50% or lower?

Bitcoin dominance cannot fall more than 50%.

Lol. Do you even know what Bitcoin dominance means? Why do you think Bitcoin dominance cannot fall below 50%?

Bitcoin dominance is always moving up and down. There is nothing surprising about it if Bitcoin dominance will fall below 20%. Sometimes the altcoins are bullish that crypto funds are moving toward them rather than toward Bitcoin. And then time will come when the funds will get into Bitcoin from altcoins and that's the time Bitcoin bulls come, resulting to a higher dominance. It is just a cycle.

tvplus006

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To the Moon

Quote from: kidbounty on April 18, 2021, 09:59:48 AM

Quote from: very_452001 on April 11, 2021, 05:09:33 AM

What's the lowest do you guys think BTC dominance will touch down to? 50% or lower?

Bitcoin dominance cannot fall more than 50%.

In 2018, we saw bitcoin's dominance decline to 38%. What reasons can prevent the BTC dominance from dropping to such a value? Recently, the dominance of bitcoin has already decreased from 70% to today's 51%. And this decline continues, which gives hope for an increase in price growth for altcoins.

temple

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Quote from: OcTradism on April 18, 2021, 10:01:46 PM

Quote from: Raytheon on April 18, 2021, 08:22:39 AM

That is the outcome that everyone wants. But so far in the last couple of months, a lot of coins and tokens have increased by 5x or 7x. Some pessimists even believe that the bull run stops here. Personally, I don't think we're gonna end here. A number of coins surpassed old ATHs and achieved new ones, while many others didn't. A new ATH of bitcoin will make the whole market happy. This week's candle is very important.

It will be halted for a while if a bomb appears as the global economy collapses. After massive generous QEs, it will have to cause troubles for nations and global economy. When sort of news is released, it will cause a short term panic on all market like what we witnessed in March 2020.

In the long run, it will be a boost for crypto market especially Bitcoin. Is bitcoin created as an alternative for people to escape bailout for banks
The final Bitcoin halving block had a secret message

Genesis block message: Block 0

Quote

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

Latest halving block (in April 2020): Block 629999

Quote

NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue

All this really decides about how long the rally in crypto may or may not continue. If they can achieve some success with their QE, some money that went into crypto maybe taken off the table as profits and put back into alternatives like stocks and other assets. If enough people understand that the economy is at risk because of all that magic money printed on a daily basis, cryptocurrencies will sustain their run for a while.

Double-edged sword so to say: should we hope that the economy collapses? Cheesy

OcTradism

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Quote from: Raytheon on April 18, 2021, 08:22:39 AM

That is the outcome that everyone wants. But so far in the last couple of months, a lot of coins and tokens have increased by 5x or 7x. Some pessimists even believe that the bull run stops here. Personally, I don't think we're gonna end here. A number of coins surpassed old ATHs and achieved new ones, while many others didn't. A new ATH of bitcoin will make the whole market happy. This week's candle is very important.

It will be halted for a while if a bomb appears as the global economy collapses. After massive generous QEs, it will have to cause troubles for nations and global economy. When sort of news is released, it will cause a short term panic on all market like what we witnessed in March 2020.

In the long run, it will be a boost for crypto market especially Bitcoin. Is bitcoin created as an alternative for people to escape bailout for banks
The final Bitcoin halving block had a secret message

Genesis block message: Block 0

Quote

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

Latest halving block (in April 2020): Block 629999

Quote

NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue

Viscore

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Live with peace and enjoy life!

Quote from: very_452001 on April 11, 2021, 05:09:33 AM

- If everyone expects btc to top $100k in this bull market then from my calculations if bitcoin is doing this every $10k leg up predictable pattern that is every $10k leg up for btc then it goes sideways for a month or so then we have remaining 3-4 alt seasons left in this year before everything crashes into the new following bear market right?

It is possible, and that seems not hopeless as the market shows some indication that Bitcoin price will reach that amount. The only problem is that we never know when. Well, patience is a virtue, and those who believe that are willing to wait.

Anyway, we are not sure what could be the trend to follow. We can't simply ignore the possible dumps and pumps along with the market FOMO and FUDs. With all these circumstances, we cannot expect that the market will seem to be the same as before but rather to expect differently.

junkerr

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Meta4uStake.io

everyone can see how bitcoin is attracting bigger investment. even now governments in several countries have also begun to be interested in bitcoin and crypto.
most beginners must be confused by the increase that occurred in bitcoin.
how did the crypto market get such a huge demand? I guess what crypto has is not what other investment market assets have.

now the correction is taking place after bitcoin's strong pump. and some of the people who don't know the crypto market must be laughing and saying "it all turned out to be a scam"

kidbounty

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HELENA

Quote from: very_452001 on April 11, 2021, 05:09:33 AM

What's the lowest do you guys think BTC dominance will touch down to? 50% or lower?

Bitcoin dominance cannot fall more than 50%.

Quote from: very_452001 on April 11, 2021, 05:09:33 AM

Once btc rallies to next leg up to $70k then will that mean btc dominance will recover and from there will alts go sideways or go down in price?

it could be because every bitcoin rallies, it will move against it. So I'm sure altcoins will decline initially, but when the btc price stabilizes the altcoins will recover and slowly go up

Quote from: very_452001 on April 11, 2021, 05:09:33 AM

Why is it becoming so predictable like this pattern described above Huh

But easy predictability means more money making yeah Cool

if it could be that easy, but in reality it is very difficult to make a profit even though the market is bull. You know what FOMO is, and a lot of people get stuck on this. they predict the price can still be good, but in fact they are buying at the top.

kryptqnick

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Join the world-leading crypto sportsbook NOW!

I don't think that we'll see a drop in dominance similar to the one that happened in 2017. BTC dominance was 33% at its lowest point, but that was during the altcoin boom when people had high hopes and a lot of excitement about new tokens. I think way more people realized over the years how useless the vast majority of tokens are and that only some deserve some attention, but that Bitcoin is undoubtedly #1. The dominance might fall a little under 50%, but it will probably largely stay between 50% and 60%. The reason I think so is that there was a huge drop of Bitcoin dominance in 2017 prior to Bitcoin reaching its ATH, and we haven't seen anything similar going on this time. BTC dominance stayed above 50% since the end of 2018, so I don't see why this would suddenly change now.

Raytheon

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Quote from: OcTradism on April 18, 2021, 06:52:46 AM

BTC dominance will be decreased more in this year for altcoin bull run. The bull phase of market gives scammers easy time to steal money from investors. They create more new projects that account for new big part in marketcap. BTC dominance will fall more.

That is the outcome that everyone wants. But so far in the last couple of months, a lot of coins and tokens have increased by 5x or 7x. Some pessimists even believe that the bull run stops here. Personally, I don't think we're gonna end here. A number of coins surpassed old ATHs and achieved new ones, while many others didn't. A new ATH of bitcoin will make the whole market happy. This week's candle is very important.

OcTradism

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The weak down today is important to help Bitcoin has a shake on all weak hands. The less people hold bitcoin, use margin trades with hope to see bitcoin price at $70,000 are all done. From now on, the barrier for Bitcoin to move higher is smaller. It will do help BTC in the long run. Correction is to help bitcoin setting up a new all time high.

BTC dominance will be decreased more in this year for altcoin bull run. The bull phase of market gives scammers easy time to steal money from investors. They create more new projects that account for new big part in marketcap. BTC dominance will fall more.

nitin8263

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This time BTC Dominance is going down continue and All alt coins depend on BTC Dominance and we can see that Alt are going up and we can more improvement in alt coins If the btc dominance goes down.

brightemo

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This recent dump changed charts too hard to make any analysis

zaim7413

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Quote from: very_452001 on April 17, 2021, 05:51:50 PM

I remember good news Segwit add on for btc back in the 2017 bull run that help btc regain dominance from the alts!

Currently Bitcoin is under correction and Altcoins are also following it except for Dogecoin, so if you say that more money has flowed into Altcoins than to Bitcoin, Altcoins should not experience a decline like they are today.

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