Topic: Bitcoin dominance reach below 50% but back to over 50% in no time (Read 205 times)
Bull market is not over yet all altcoin like trx,win,btt has not break their all time high yet. Bitcoin correction was due to false news of turkey to fully banned on crypto but later on the make some regulations and denied fully banned of cryptocurrency which result in bullish.
April 26, 2021, 01:42:36 PM
Bitcoin along with few other altcoins were turning bullish. Right now if someone like Elon Musk reveal a statement on acquiring more Bitcoin or any of the altcoins, then the market will once again skyrocket. The market crash is a correction or it is the real trend relative to the large volume sell off. This year is going to be a big year for Bitcoin, if the price cross the previous ATH then for sure $100k will be reached within 2021.
April 26, 2021, 01:38:08 PM
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Ah yes the 20k dream back then.It was hella memorable and it gave me quite a nostalgia at this point already, although that year was kind of not better than the market right now. It did crash all the way to 4k after stabilizing in 7k a lot though.
April 26, 2021, 01:29:06 PM
The dominance and marketcap are more accurately reflected real things in bear market. In such market phase, altcoins will be pulled back to their real values and scam projects will be killed to 0. Their contributions to total marketcap will be dropped significantly and scam project will have almost zero marketcap contribution.
I guess you meant low volume coins, well such projects will be called scam projects if killed during bear market by their marketcap turning to nothing but 0 but the recent bitcoin low dominance is as a result of altcoins such as Doge that increased to over $34 billion in marketcap, also is ripple that increase very significantly that its marketcap almost increase four fold recently including some good altcoins. The bull-bear-marketcap relationship can be somehow at times because bitcoin dominance during bull run at one time this year was over 70% but the altcoin season lower it to around 50%, but you are correct about saying that the low dominance will later fall more on altcoins if bear market begins. 
April 26, 2021, 08:46:50 AM
This reminds me of the 2017 bull market a lot. In late 2017 BTC rose so much, then it started lose its market cap to alts and the markets crashed completely later on. Right now we are having the alt pump (or we were) and if the history repeats, it means the full market crash is near.
I was thinking that after Bitcoin dominance lowers down below 50% the market will start to crash but I was wrong, instead of seeing its price rallying back high at $53k (at this post). To think about history repeats itself, I don't know but it is unlikely different in the situation we have. Because at this time, I was thinking that the market is able to stay above $40k. We can't really know that yet unless BTC makes a new ATH tbh. Bitcoin may very well go below $50k again from here and it wouldn't surprise anybody. If it is not making a new ATH then I'd say the chances for going lower are far greater.
April 26, 2021, 08:11:10 AM
I was thinking that after Bitcoin dominance lowers down below 50% the market will start to crash but I was wrong, instead of seeing its price rallying back high at $53k (at this post). To think about history repeats itself, I don't know but it is unlikely different in the situation we have. Because at this time, I was thinking that the market is able to stay above $40k.
The crash resulted mostly from two rumors - banking ban on Bitcoin imposed by Turkey and the proposal to increase capital gains tax by the Biden administration. In both the cases, the clarification came and it was clear that cryptocurrency users don't have much to worry. The ban in Turkey only covers purchase of goods and services with cryptocurrency and it doesn't impact the exchanges. And similarly, in the United States the tax increase is going to impact only those who earn more than $400,000 per year.
April 26, 2021, 07:42:55 AM
This reminds me of the 2017 bull market a lot. In late 2017 BTC rose so much, then it started lose its market cap to alts and the markets crashed completely later on. Right now we are having the alt pump (or we were) and if the history repeats, it means the full market crash is near.
I was thinking that after Bitcoin dominance lowers down below 50% the market will start to crash but I was wrong, instead of seeing its price rallying back high at $53k (at this post). To think about history repeats itself, I don't know but it is unlikely different in the situation we have. Because at this time, I was thinking that the market is able to stay above $40k. 
April 26, 2021, 07:31:23 AM
Bitcoin marketcap dominance was lower than 50% last week according to Coinmarketcap, but not long when it increased back above 70%, according to the news I read, the bitcoin dominance at the start of this years was 70.68%, but decreased to 49.35% last week Thursday. The last time bitcoin dominance was below 50% was in January 2018. 2018 was the worst year for bitcoin ever as its price decreased below what many people could expect. The price has increased significantly some days before 2020 halving and continue to increase till this month of April.
I don't think we can compare bitcoin's dominance back then to today, for one there are more shitcoins as compare to 2017, and then we have bitcoin's fundamentals has change a lot.But I am thinking it is possible the decrease in dominance just like 2018 (below 50%) is indicating another bear market like that of 2018 gradually setting in. What is your opinion about this? Though bitcoin price can not fall below certain range even if it decreased.
Again, its hard to conclude just by looking at the market dominance of bitcoin. Some shitcoins can totally ballooned their marketcap by x amount of percentage that can really affect bitcoin and altcoins dominance. So I wouldn't rely this an a good indicator for bear or bullish trend. 
April 26, 2021, 07:12:13 AM
The dominance and marketcap are more accurately reflected real things in bear market. In such market phase, altcoins will be pulled back to their real values and scam projects will be killed to 0. Their contributions to total marketcap will be dropped significantly and scam project will have almost zero marketcap contribution.
Unfortunately, due to the altcoin rally a lot of shitcoins are also getting pumped. This is something that happened in 2017 as well. I am trying to warn the new users, but few people want to listen. For a large section of the cryptocurrency users, Bitcoin prices have already plateaued and they are not satisfied with potential returns of 100%-200%. These people easily get attracted to wild claims of 100x and 200x returns with shitcoins. And when the pump-and-dump cycle comes to an end, they will lose most of their capital. Right now I would say that at least 80% of the top-100 altcoins are overpriced.
April 26, 2021, 07:10:32 AM
I hope this isn't too off topic but I'm wondering if any of you have noticed the NUPL peak regression line for Bitcoin? Obviously one indicator shouldn't be used to predict the bear market but there's a strong correlation between past peaks and they suggest we've recently topped out, although we haven't broken into the "euphoria" zone yet.
Really wish I could post a photo but as you can see, I'm too much of a noob for that privilege, haha.
Really wish I could post a photo but as you can see, I'm too much of a noob for that privilege, haha.
April 26, 2021, 06:36:07 AM
We do we have to still care about Bitcoin dominance?
It is proven that the Bitcoin dominance goes down,every time there's a crypto bull market and the altcoins are forming massive bubbles.
Bitcoin dominance simply isn't useful data and we can't use it to predict the future Bitcoin price.
Does it even matter,if the BTC dominance is 70% or below 50%?No,it doesn't...
The comparison between Bitcoin and all the altcoins combined is simply useless,because the altcoin prices are just following the Bitcoin price.Altcoins are nothing but a 'not-so-good' addition/extension of Bitcoin.
It is proven that the Bitcoin dominance goes down,every time there's a crypto bull market and the altcoins are forming massive bubbles.
Bitcoin dominance simply isn't useful data and we can't use it to predict the future Bitcoin price.
Does it even matter,if the BTC dominance is 70% or below 50%?No,it doesn't...
The comparison between Bitcoin and all the altcoins combined is simply useless,because the altcoin prices are just following the Bitcoin price.Altcoins are nothing but a 'not-so-good' addition/extension of Bitcoin.
April 26, 2021, 04:03:38 AM
Bitcoin dominance is extremely pretty bad since it falls below 60% before.
If Bitcoin will manage to drop below 50% and close there, I am thinking the 2018 alt season will happen again, which is more massive compare to what we experienced in the past few weeks/months.
This 50% level is very strong support for Bitcoin's dominance now. We'll see what will happen this end of the month.
April 26, 2021, 03:45:18 AM
In bull market, the dominance and marketcap are non sense. Uptrend brings everything up. Uptrend results in many new projects that contribute a lot for total marketcap.
The dominance and marketcap are more accurately reflected real things in bear market. In such market phase, altcoins will be pulled back to their real values and scam projects will be killed to 0. Their contributions to total marketcap will be dropped significantly and scam project will have almost zero marketcap contribution.
The dominance and marketcap are more accurately reflected real things in bear market. In such market phase, altcoins will be pulled back to their real values and scam projects will be killed to 0. Their contributions to total marketcap will be dropped significantly and scam project will have almost zero marketcap contribution.
April 26, 2021, 03:22:23 AM
Actually bitcoin dominance market cap ratio must be 0.01% considering the fact that there is only 1 bitcoin and 10,000 altcoins and when you calculate the ratio of 1/10000 you get 0.01%. The fact that this 1 is carrying 50% to 70% of the total market cap and it takes 10,000 altcoins with roughly 80% fake supply to get a market cap of 30% to 50% says a lot.
The only thing that this ratio shows is the number of altcoins and their pumped state and nothing else.
The only thing that this ratio shows is the number of altcoins and their pumped state and nothing else.
Say another way, when DOGE hits $7.50, its capitalization, will be greater than BTC, chew on that.
When BItcoin falls to $1900, its capitalization, will be less that Doge today at 0.28
...
More important is that BTC lost $350B USD in the last two weeks, BTC gained $1T in the past year, more that 50% of todays capitalization, came from last years COVID trillions in free and/or cheap(INT-FREE) money to corporations, like Musk they dumped billions into BTC
Said another way, not only did the US-GOV ignite hyperinflation, but the money was spent on whores&booze; If $1T evaporates who say's "Where did it go?" My bet is CHINA uses it to buy Real Gold.
Much of this money was loans, so now corporations will have real losses on the books, which effects the stock market, and investors.
April 26, 2021, 03:14:43 AM
Bitcoin marketcap dominance was lower than 50% last week according to Coinmarketcap, but not long when it increased back above 70%, according to the news I read, the bitcoin dominance at the start of this years was 70.68%, but decreased to 49.35% last week Thursday. The last time bitcoin dominance was below 50% was in January 2018. 2018 was the worst year for bitcoin ever as its price decreased below what many people could expect. The price has increased significantly some days before 2020 halving and continue to increase till this month of April.
But I am thinking it is possible the decrease in dominance just like 2018 (below 50%) is indicating another bear market like that of 2018 gradually setting in. What is your opinion about this? Though bitcoin price can not fall below certain range even if it decreased.
koreksdi bitcoin up to 50% can happen anytime, but there is no need to worry because bitcoin will definitely recover soon. Koreski is useful for balancing the crypto market so I think it is a good thing because there is a correction so we can buy at low prices But I am thinking it is possible the decrease in dominance just like 2018 (below 50%) is indicating another bear market like that of 2018 gradually setting in. What is your opinion about this? Though bitcoin price can not fall below certain range even if it decreased.
April 26, 2021, 12:45:20 AM
Current market movement is different than previous.In last days a very big amount of usdt has been deposited into exchanges.Purpose of this deposit seems to accumulate Bitcoin in this Dip.Now market is growing slowly and now it is above 52k.
April 26, 2021, 12:40:08 AM
This reminds me of the 2017 bull market a lot. In late 2017 BTC rose so much, then it started lose its market cap to alts and the markets crashed completely later on. Right now we are having the alt pump (or we were) and if the history repeats, it means the full market crash is near.
Well, it happened in January but we are at the 4th month of 2021 and the prices doesn't seem to be indicating that a sharp drop is going to happen so I don't think that history is going to repeat itself this year. April 26, 2021, 12:08:06 AM
From 71% a few months back, the dominance has decreased by almost one-third. The altcoin market share had gone below 25% level (if we exclude stablecoins and Bitcoin forks), and that is now close to 46%. So in general, we can say that altcoins have gone up by 3x, when compared to Bitcoin. This is strange, because the increase in acceptability was for Bitcoin and not altcoin. And therefore I would assume that most of the altcoin rally is due to pure hype, and propaganda in the social media.
April 25, 2021, 11:53:27 PM
This reminds me of the 2017 bull market a lot. In late 2017 BTC rose so much, then it started lose its market cap to alts and the markets crashed completely later on. Right now we are having the alt pump (or we were) and if the history repeats, it means the full market crash is near.
This does not mean at all that events in each cycle should be repeated. This year, the situation on the cryptocurrency market is completely different than it was in 2017. Of course, after such an unprecedented rise in prices, the market must fall. However, it is not at all necessary that Bitcoin will fall in price by 70 percent, as it did in 2018.Bitcoin dominance is now 50.4 percent. This means that despite the current rise in the price of bitcoin, investors are also paying great attention to altcoins. This is good as we are still looking forward to the continuation of the altcoin season.
April 25, 2021, 11:36:16 PM
Actually bitcoin dominance market cap ratio must be 0.01% considering the fact that there is only 1 bitcoin and 10,000 altcoins and when you calculate the ratio of 1/10000 you get 0.01%. The fact that this 1 is carrying 50% to 70% of the total market cap and it takes 10,000 altcoins with roughly 80% fake supply to get a market cap of 30% to 50% says a lot.
The only thing that this ratio shows is the number of altcoins and their pumped state and nothing else.
The only thing that this ratio shows is the number of altcoins and their pumped state and nothing else.
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