All Eyes on BTC Dominance! - page 6.

temple

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Quote from: tbct_mt2 on April 11, 2021, 08:12:50 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?

It can and the trend is supported by the altcoin season. Old altcoins recover from bottom prices and new altcoins are on the rocket booster to the Moon.
Investors see new projects are promising and they are readily to hop on the hype train.

Quote

- 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?

Altcoin season will help altcoins to rise and bitcoin rises or corrections don't affect it too much.

Quote

- 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?

Altcoins will have more increases if bitcoin has a side way price channel for a few weeks. Sudden break out of bitcoin can keep altcoins halt their growth in BTC price.

Quote

- 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?

You can see this year as a year for altcoins. They move up, correct and move up again. Higher highs after corrections before the bear finds the market.

Ethereum may take away quite a bit of Bitcoin's dominance over time as there is an infinite number of potential applications that could be built on Ethereum and that then will suck capital into the network.

It can go well under 50% I think, but that doesn't mean all too much. It can still increase in price, just not as much as other coins in relative terms and hence dominance decreases while price increases.

michellee

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Bitcoin price already reaches $64k and the price now crash and go down to $54k, while that is the impact to the altcoin price.

Bitcoin is not yet hit $70k but the price is down now, so I guess this is another correction that happens many times. But this time, the correction comes too deep. The altcoin season will come again, especially if bitcoin correction is end temporary or bitcoin get sideways. The price will be back to $60k, and maybe that will range between $54k-$62k.

We can expect the bitcoin top price will be at $100k but we need to know that bitcoin can reach any high price later, and that still mystery for us. I think bitcoin dominance still high, following what happened to bitcoin so far. Bitcoin already hit $62k and that is the highest price of bitcoin price for a while and we do not know if the price can hit another highest price in the future but we all sure about that. This correction will end soon, and the money will go still to bitcoin and altcoin.

TravelMug

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

Because bitcoin dominance is low below 50%, when btc dips or crashes in price it wont drag down alts too which is good news for Alts

In 2017, bitcoin's dominance is at 43% during its peaked in December and yet it reaches all time highs.

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

I see bitcoin is running out of steam from looking at the chart showing not so impressive higher highs like it use to. This is caused by all the money flowing into alts instead of bitcoin.

Obviously, bitcoin won't sustained this kind of explosive growth, sooner or later it will have to slow down.

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

When you guys think money will stop flowing into alts and back into bitcoin?

When alts stops it p&d and investors playing along with suddenly shift to bitcoin. Wait till dogecoin crashes, for sure the money profited will go back to bitcoin again.

Kemarit

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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?

Hard to predict, but I would say it will likely follow Bitcoin's patter, so another bull run cycle for majority of the top alts.

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

- 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?

It's possible as well, but we all know how the market works, very volatile, as far as dominance, will remain the same, but I would rather see it in the 50% range.

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?

Again, as Bitcoin's narrative has change, so is the fundamental price movement, so meaning, it could happen, what's important is that altcoin is also having a good bull run, almost all of the top 10 coins have achieved their all time high already and then some.

very_452001

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Because bitcoin dominance is low below 50%, when btc dips or crashes in price it wont drag down alts too which is good news for Alts

I see bitcoin is running out of steam from looking at the chart showing not so impressive higher highs like it use to. This is caused by all the money flowing into alts instead of bitcoin.

When you guys think money will stop flowing into alts and back into bitcoin?

Any major good news for bitcoin later this year like bitcoin etf or lighting network release? Without btc good news alts will continue gaining dominance.

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

isaac_clarke22

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Quote from: bryant.coleman on April 11, 2021, 08:31:19 AM

Right now, I am not at all worried about the Bitcoin dominance. I have seen shitcoins such as DOGE increasing in prices by 25x or 30x, and a large part of the increase in altcoin market share comes from these coins. Take my word. Only 10-15 altcoins have any real life usage (such as ETH, DOT and BNB) and the remaining are just going up due to hype. When they crash, they will lose 95% to 99% of their value (similar to what happened in 2018).

Just another day for pump and dump schemes, mate.
Many of the shitcoins that you can think of ain't gonna last once BTC corrects a bit in price.

SaiyanSS3

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Btcd was once bump into 35% back dated during 2017, many are so worried, there is hardfork coming for bitcoin, and segwit, the panic has sent the btcd to lower and lower, but once the tide settled, btcd recover to the top again, you wouldn’t see that coming today.

hulla

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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?

Footing the information provided by market capital Bitcoin dominance is currently 54.10% and in the last previous halving market Bitcoin dominance dump to about 45% if I could remember correctly so I don't expect it to go below 40% dominance level.

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?

We're dealing in a volatile market and it hard to tell the momentum of the market price since every thing I determine by the level of market demand and supply but it Bitcoin shoot up some altcoins will allow it to trend while some will be caught off guard.

mariah.sadio

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We all know that btc dominance will recover as soon as it will start his way to 70k

onecall123

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BTC is currently not interesting for me anymore since alt price surged up. According some stats, BTC is overpriced compared to the rest of the market. I personally believe that money is now also flowing into alt coins, price of BTC can still go up but generally my eyes put on the current potential alt coin. Load your bags, take profits. Nowhere near the endgame yet.

Mpamaegbu

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Personally, I believe that Bitcoin is losing dominance from looking at market data. The figure has been dropping from over 65% a few months ago to around 53% at the moment. A reduced dominance is a sure sign that investors are taking profit already from their investments and investing such profits elsewhere, alts inclusive. So, once Bitcoin dominance begins to decrease it's a harbinger for alts to moon. Expectedly, this is what the entire crypto community is looking forward to — for alts to moon. However, I have discovered that despite the decreased dominance Bitcoin price has not crashed as it should've been.

Coyster

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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?

Speculatively, with the influx of institutional investors, prolly we wouldn't go too low, that's if it's going to go low at all, I'm not forgetting the volatility of the network, but my argument is, with the sort of investment coming into the BTC network left, right and center, we prolly may have gone past spontaneous fall in price.

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?

Bitcoin's dominance was never in doubt, so it's not going to 'recover' it's dominance, rather it's going to continue to establish it, as for altcoins, speculatively I don't think they'll go down in price, rather they'll also see some appreciation in price as Bitcoin keeps up it's move to $100k.

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

I don't think it's become any easy, all of the predictions are still just but speculations, even if users study historical price movements, it's still not guaranteed that a shift from that pattern isn't possible, the network isn't in the control of any single entity, thus unexpected changes can happen anytime.

bryant.coleman

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Right now, I am not at all worried about the Bitcoin dominance. I have seen shitcoins such as DOGE increasing in prices by 25x or 30x, and a large part of the increase in altcoin market share comes from these coins. Take my word. Only 10-15 altcoins have any real life usage (such as ETH, DOT and BNB) and the remaining are just going up due to hype. When they crash, they will lose 95% to 99% of their value (similar to what happened in 2018).

tbct_mt2

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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?

It can and the trend is supported by the altcoin season. Old altcoins recover from bottom prices and new altcoins are on the rocket booster to the Moon.
Investors see new projects are promising and they are readily to hop on the hype train.

Quote

- 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?

Altcoin season will help altcoins to rise and bitcoin rises or corrections don't affect it too much.

Quote

- 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?

Altcoins will have more increases if bitcoin has a side way price channel for a few weeks. Sudden break out of bitcoin can keep altcoins halt their growth in BTC price.

Quote

- 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?

You can see this year as a year for altcoins. They move up, correct and move up again. Higher highs after corrections before the bear finds the market.

TheMimic1

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The BTC PI cycle is scary presently, this means the bull season might be over in two days from now, if you don't know what that is I suggest you look into it using google search engine, Charts don't lie.

very_452001

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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?

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

But easy predictability means more money making yeah Cool

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