Thing this has been changed a little bit as BTC dominant is just 47.8 according to coin market cap (
https://coinmarketcap.com/charts/) , this is an indication that alts season is on the way
Bitcoin dominance was not this low from mid 2018. I wonder how low it will go this time. Last time the low was at 32%. This time should go below that. But I dont see it going below 20%. We should see in half year time. In few years time we will also see how high will go again. I dont see it go above 60% anymore.
Bitcoin's dominance fell below 50% and is now going to 40%, the good news is Bitcoin price can stay above $ 50k which is great,
because if Bitcoin can survive and can continue its uptrend then altcoins will really have a good impact,
hold Altcoin will have the opportunity to make you rich in the future.
Sounds pretty retarded for anyone to actually believe that shitcoins are actually a long term HODL opportunity, because much of the strategy with any shitcoin (and that is anything except bitcoin) is that you better hope that you can get out before the thing starts to go down (because there is no there there) whether you are considering a shitcoin like doge or ethereum or if you are thinking about some shit that is built upon ethereum, such as Icos, defi or NFTs..
You better hope to get in and out and make a profit rather than believing some nonsense that there is any security in holding such things such as shitcoins (which means anything besides bitcoin) for the long term as if they might actually have fundamentals.. unless you consider fundamentals to be the ability of one shitcoin to pump another shitcoin, which hardly seems to be anything close to certain, long-term or strong fundamentals to me... .
It’s normal for the newbies/plebs like me to walk on a crooked path during a bull market, and find shitcoins to profit at a faster rate because their price surges are indeed faster. But those newbies will also learn another lesson,
the hard way, in the right time.
There is almost always an inclination to gamble, even with people who are relatively conservative investors who know better, and each of us have to attempt to learn from our various mistakes along the way, including that we might have a lot of dumb ideas, including actually believing that there might be some kind of actual value in the various shitcoins merely because they are being pumped or even when they might have a lot of faulty and scammy networking effects that allow them to be pumped way beyond any actual solid foundational value that they might have.
So, for sure, I am not against some kind of attempts to manage your portfolio including BTC and shitcoins, but realizing that the shitcoin portions should be more of an in and out game and BTC should be more of a long term strategy that would attempt to involve accumulating, or at least also considering that bitcoin should be the ONLY one that you likely are able to rely upon long term (even if Bitcoin is also not guaranteed, even though it has the strongest of the fundamentals among any of the cryptos - without any one or any group even coming close to it, in spite of short term appearances to the contrary).
But those newbies will also learn another lesson, the hard way, in the right time.
That's 100% guaranteed, when I was a newbie, I was too aggressive and I did not know I was already riding the FOMO. We will see them complaining soon once the bull run is over, but for now, let them enjoy and just learn later, hopefully that would not make them quit.
I surely would not proclaim that 100% of shitcoiners are going to end up losing money because there are quite likely going to be some who actually are able to get in and out in a way that is actually profitable, whether measured in terms of dollars or measured in terms of bitcoin.
On the other hand, if shitcoiners (mostly leaning towards newbies, here), are actually believing that various shitcoins are long term HODLs, then it is way more close to 100% going to get burned with that kind of a mindset and approach to the matter - which is likely going to be a way of NOT being able to recognize what differentiates bitcoin from the various shitcoins including whatever favorite shitcoins that they might have chosen for their lil selfies to invest into.
it was sadly drops to 45% now even the value stays at 56-58,000 $.
wondering what will be the price of Bitcoin if that 60-65% dominance happens once more?
I am frequently sending smerits to bryant.coleman for updating these numbers for us in this thread, but I still will suggest that none of us should be putting too much weight into the importance of the various indicators of BTC market cap dominance or even the various ways that market cap is manipulated by the various shitcoins contained therein or even how their market cap might be measured. So, in some sense, who really cares if bitcoin goes up down or whatever, in terms of either getting back up to previous levels, so long as there might be some other indicators showing that bitcoin has not really lost any fundamentals in terms of various use cases or even if its software is not getting corrupted - and sure people will likely come to differing conclusions about some of those underlying facts (and weighing of fundamentals) too.
But those newbies will also learn another lesson, the hard way, in the right time.
That's 100% guaranteed, when I was a newbie, I was too aggressive and I did not know I was already riding the FOMO. We will see them complaining soon once the bull run is over, but for now, let them enjoy and just learn later, hopefully that would not make them quit.
Thats Part of every thing about life , Learning the hard way teaches us the best and most unforgettable lessons.
Cannot disagree with you on this point, bitterguy28, and some amount of experiential hard knocks might be needed to really allow for some lessons to sink in rather than just seeing what might have happened to others under similar circumstances. Some people do learn to ONLY gamble with a fraction of their overall investment portfolio so that when they learn the harder lessons they are not putting too much of their principle at stake, but other people have heavier tendencies towards martingale type betting systems that end up causing them to never really learn and to continue to gamble away their principle (or never really meaningfully build principle) because even though they might know better in theory they keep on gravitating towards betting too much, so even though they might be able to learn lessons without gambling so much, they might not realize that one of their problems continues to be to NOT be able to figure out ways to moderate the ways that they gamble in order that they are not putting so much of their principle at risk or in jeopardy.
Furthermore another mistake that compulsive gamblers make is that they continue to never really build principle because they continue to assert that each time that they are making various dumb bets on shitcoins or some variation, they are ONLY betting small amounts, so they never end up planning or implementing a stronger strategy with that low level of capital and they are never really ready, willing and able to build up their investment portfolio because they continue to be impatient in wanting to get rich quick and not even really realizing that they continue to make the same kinds of mistakes over and over and over. Seen it in real life and also seen it on the forum.
