Bitcoin Tanks to $10.4K; ETH Market Dominance at 2020 High - page 2.

onecall123

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Quote from: noormcs5 on September 06, 2020, 06:05:51 AM

~snip~

We just need to wait for few more days, as soon as the market will start to recover, we will see the greed fear index turning into greed.

Also everyone should remember that we should sell when every one is greedy and buy when everyone is fearful. So this is the buying time.

A simple rule of a good return from any situation. And there is green back into the market. needs to keep moving.
Most of us we do opposite practice. This is an opportunity. If you're not accumulating in right time then how you gonna make profit? That's make pretty sense, nah!

Taskford

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Quote from: noormcs5 on September 06, 2020, 06:05:51 AM

Quote from: Yaunfitda on September 06, 2020, 05:57:59 AM

Quote from: Silberman on September 05, 2020, 02:30:00 PM

Quote from: slaman29 on September 04, 2020, 01:06:17 AM

Surely we're not talking about another round of flippening talk? I mean, sure Defi will grow and grow and some day unlimited supply means it will eventually get closer to BTC but bubbles burst eventually, and Bitcoin doesn't need a defi craze to grow!

LOL, I remember those days in which people thought ETH had a chance of taking BTC position, while I have no doubt those that support ETH will like for that topic to comeback just look at what it is happening to ETH now, after some people refused to sell their ETH thinking the party could keep going we are now seeing a 17% drop in 24 hours and BTC has regained some of the market dominance it lost during the last days and as this market turns from extreme greed to extreme fear we could see an even bigger drop during the next days.

I also commented on other thread about the greed and fear index, and it seems overnight, it turn from greed to fear, Lol, that's crypto market, in 24 hours, the tide will suddenly shift without explanation. I don't think that the ETH topic about this so called flippening will come back though. We know that it's not going to happen and ETH will not get close to BTC as far as price goes. 40%-50% dominance of bitcoin? doesn't matter. It might be losing some grip, but it will be somewhat stable around that range.

We just need to wait for few more days, as soon as the market will start to recover, we will see the greed fear index turning into greed.

Also everyone should remember that we should sell when every one is greedy and buy when everyone is fearful. So this is the buying time.

You are correct so best not to get affected when someone getting panic of situation of the market since whenever there's a dump the pump will follow so best to see the market at this point and monitor on when to enter since whenever we spot the dip then buy in a right time for sure we will earn some profits in the long run. I believe that the current price is still in decent shape and there's nothing to worry about it.

noormcs5

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Quote from: Yaunfitda on September 06, 2020, 05:57:59 AM

Quote from: Silberman on September 05, 2020, 02:30:00 PM

Quote from: slaman29 on September 04, 2020, 01:06:17 AM

Surely we're not talking about another round of flippening talk? I mean, sure Defi will grow and grow and some day unlimited supply means it will eventually get closer to BTC but bubbles burst eventually, and Bitcoin doesn't need a defi craze to grow!

LOL, I remember those days in which people thought ETH had a chance of taking BTC position, while I have no doubt those that support ETH will like for that topic to comeback just look at what it is happening to ETH now, after some people refused to sell their ETH thinking the party could keep going we are now seeing a 17% drop in 24 hours and BTC has regained some of the market dominance it lost during the last days and as this market turns from extreme greed to extreme fear we could see an even bigger drop during the next days.

I also commented on other thread about the greed and fear index, and it seems overnight, it turn from greed to fear, Lol, that's crypto market, in 24 hours, the tide will suddenly shift without explanation. I don't think that the ETH topic about this so called flippening will come back though. We know that it's not going to happen and ETH will not get close to BTC as far as price goes. 40%-50% dominance of bitcoin? doesn't matter. It might be losing some grip, but it will be somewhat stable around that range.

We just need to wait for few more days, as soon as the market will start to recover, we will see the greed fear index turning into greed.

Also everyone should remember that we should sell when every one is greedy and buy when everyone is fearful. So this is the buying time.

Yaunfitda

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Quote from: Silberman on September 05, 2020, 02:30:00 PM

Quote from: slaman29 on September 04, 2020, 01:06:17 AM

Surely we're not talking about another round of flippening talk? I mean, sure Defi will grow and grow and some day unlimited supply means it will eventually get closer to BTC but bubbles burst eventually, and Bitcoin doesn't need a defi craze to grow!

LOL, I remember those days in which people thought ETH had a chance of taking BTC position, while I have no doubt those that support ETH will like for that topic to comeback just look at what it is happening to ETH now, after some people refused to sell their ETH thinking the party could keep going we are now seeing a 17% drop in 24 hours and BTC has regained some of the market dominance it lost during the last days and as this market turns from extreme greed to extreme fear we could see an even bigger drop during the next days.

I also commented on other thread about the greed and fear index, and it seems overnight, it turn from greed to fear, Lol, that's crypto market, in 24 hours, the tide will suddenly shift without explanation. I don't think that the ETH topic about this so called flippening will come back though. We know that it's not going to happen and ETH will not get close to BTC as far as price goes. 40%-50% dominance of bitcoin? doesn't matter. It might be losing some grip, but it will be somewhat stable around that range.

bitgolden

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Market dominance of bitcoin is also very down as well, it is around 55% levels when I last checked it and that is as low as I can remember in a long time, it hasn't been that low for a while now and I can remember about 62% or so just few months ago, which tells me that bitcoin is losing the grip on the market right now and becoming something a bit more seldom.

Obviously that is not a bad thing, this is all crypto and I love it when crypto currencies aside from bitcoin makes their own movements but how sustainable is it though? I can see all the weird stuff like USDT getting higher even though it is a stablecoin and not a crypto currency, stuff like polkadot or yearn.finance getting super high as well, these are all new stuff and fake stuff so I am not sure how long it will continue.

starseeker

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As I see, BTC is following the stockmarket trajectory this time. The markets are down too. Just brace yourself and HODL

Silberman

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Quote from: slaman29 on September 04, 2020, 01:06:17 AM

Surely we're not talking about another round of flippening talk? I mean, sure Defi will grow and grow and some day unlimited supply means it will eventually get closer to BTC but bubbles burst eventually, and Bitcoin doesn't need a defi craze to grow!

LOL, I remember those days in which people thought ETH had a chance of taking BTC position, while I have no doubt those that support ETH will like for that topic to comeback just look at what it is happening to ETH now, after some people refused to sell their ETH thinking the party could keep going we are now seeing a 17% drop in 24 hours and BTC has regained some of the market dominance it lost during the last days and as this market turns from extreme greed to extreme fear we could see an even bigger drop during the next days.

exstasie

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Quote from: Zemomtum on September 04, 2020, 10:12:32 PM

DeFi mania is what is causing the sharp decline in the BTC price and might eventually draw a large portion from BTC dominance. ETH is also not doing bad taking a look at the recent rise in price, this correction is due for a health uptrend and next move will be $500 per ETH.

DeFi mania had nothing to do with this decline. If money were flowing into altcoins right now, ALT/BTC pairs would be rising. Just look at ETHBTC: it's been crashing ever since the September 1st top.

This was just a good old shakeout. Bitcoin dumps, altcoins dump harder. Risk assets are all dumping together this week.

I'm sure DeFi will have a huge effect on Bitcoin dominance during the next altcoin bubble, but in my opinion we're nowhere near that point.

TopTort777

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Recent price drop is an excellent opportunity to get some ethereum. This could be your last chance. I dont think that is a drop down. Probably a long waited correction (market can not just grow all the time). I dont call to buy now, but placing smart buy orders will be wise.

k3rnel31

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Quote from: tbterryboy on September 05, 2020, 07:12:05 AM

I am very excited about the situation with ETH, it has been a favorite of mine for years and it is great to see it coming back. I have told people even back when it dropped to 100 dollars that it shouldn't be around that level and people should invest to it heavily because there is no way ethereum could be that low and it was criminally undervalued, I am so happy that I actually saw that and bought as much eth as I can find.

However it is sad what is going on with bitcoin obviously, I still have my btc and I hate it when it drops. This is not a big drop, it is definitely a drop we can afford, but I would rather not have it drop like this anyway even if it is just small. This could be just accumulation phase and I am sure it will recover and go higher very soon.

I totally agree with you. Eth went from 235 to 420.. people starts selling then wen to to 480 people sold their coins wich results on drop to 380 -396 so other people panic and sold again .. wich results to crash ..just like 2017 with btc ... Eth will bull run very soon. Im glad we get rid of fud people and short time investors .now hodlers will win as always

tbterryboy

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I am very excited about the situation with ETH, it has been a favorite of mine for years and it is great to see it coming back. I have told people even back when it dropped to 100 dollars that it shouldn't be around that level and people should invest to it heavily because there is no way ethereum could be that low and it was criminally undervalued, I am so happy that I actually saw that and bought as much eth as I can find.

However it is sad what is going on with bitcoin obviously, I still have my btc and I hate it when it drops. This is not a big drop, it is definitely a drop we can afford, but I would rather not have it drop like this anyway even if it is just small. This could be just accumulation phase and I am sure it will recover and go higher very soon.

Raflesia

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_""""Duelbits""""_

Quote from: GreatArkansas on September 04, 2020, 06:01:34 PM

Quote from: Saisher on September 04, 2020, 04:08:06 AM

Please do check the dominance level before shilling Eth it's not what half of what Bitcoin has I am also a big supporter of Ethereum but to say that Bitcoin is losing it's dominance and Ethereum is fast moving and big threat is not true.
Dominance:
BTC 55.6%
ETH 12.6%
USDT 4.04%

These numbers are great, watching in market dominance is quite good. I am not a supported of Ethereum, since I am a trader, I am more on technical analysis part.
I tried to compare the recent drop of Bitcoin and also Ethereum when Ethereum reach around $470+ and now we are now below $400.
The recent drop is quite good. And you got some point especially in the market dominance of Ethereum, it is rising but what I am worried about tis the volume of Ethereum, I am not satisfied, it's still quite low.

In my opinion, the comparison of Bitcoin and Ethereum will not be the same because it will still dominate the price of bitcoin if both experience a great decrease then this will remain the same, but Ethereum will not be able to go higher first.

Isn't Ethereum volume also higher in second place is that not low enough?
Look at the market, some of it has returned to green. Will the coin be like it was before?

Zemomtum

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DeFi mania is what is causing the sharp decline in the BTC price and might eventually draw a large portion from BTC dominance. ETH is also not doing bad taking a look at the recent rise in price, this correction is due for a health uptrend and next move will be $500 per ETH.

Oceat

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It's the reaccumulation phase again and within this year we might see a continuous support of trying to break the 15k resistance but obviously something is stopping it when it hits at 12k. This might be a playground for 10k for a couple of weeks or before either going up or down we'll surely see this 9k or 11k figure in no time.

GreatArkansas

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Quote from: Saisher on September 04, 2020, 04:08:06 AM

Please do check the dominance level before shilling Eth it's not what half of what Bitcoin has I am also a big supporter of Ethereum but to say that Bitcoin is losing it's dominance and Ethereum is fast moving and big threat is not true.
Dominance:
BTC 55.6%
ETH 12.6%
USDT 4.04%

These numbers are great, watching in market dominance is quite good. I am not a supported of Ethereum, since I am a trader, I am more on technical analysis part.
I tried to compare the recent drop of Bitcoin and also Ethereum when Ethereum reach around $470+ and now we are now below $400.
The recent drop is quite good. And you got some point especially in the market dominance of Ethereum, it is rising but what I am worried about tis the volume of Ethereum, I am not satisfied, it's still quite low.

Slow death

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Quote from: LogitechMouse on September 04, 2020, 08:26:18 AM

but if it goes below the $10,000 price, ready your money Cheesy

.

it is better for people to keep their eyes open because the price dropped to $9800 and then went back to above $ 10,000, if the price stays for a long time at $10400 without increasing, then we will see another dump and this time it will break the $ 9800, so people must prepare to see lower prices

this Is another one of those articles that the person reads and then says: "this author is a person who wrote the article based on feelings"

LogitechMouse

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I already said it in my previous posts days ago that I'm expecting for Bitcoin to go down at least near the $10,000 or below that price since it has been going upwards for days already.

Now it happened already. We can say that the investors are selling Bitcoin to join in the DeFi hype but still I already expect that this will happen

. I think that we will stay between the $10,000 to $11,000 for some time though but if it goes below the $10,000 price, ready your money Cheesy

.

exstasie

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Quote from: slaman29 on September 04, 2020, 01:06:17 AM

Surely we're not talking about another round of flippening talk?

Let's compare to 2017. The ETH and token bubble began in March 2017, right when the Winklevoss ETF was first rejected by the SEC. BTCUSD dumped hard at that time while ETHUSD surged in value.

That isn't what is happening at all this time. BTC and ETH crashed together in lockstep 2 days ago. That tells me this isn't a bubble and we are nowhere near the "flippening" stage yet. For me, all signs still point to 2020 being a parallel for 2016. A bull market, but not a bubble.

I am confident we'll have another "flippening" phase too. Just not yet.

GreatArkansas

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Quote from: Oasisman on September 04, 2020, 06:43:43 AM

I don't see it that way. ETH in market dominance? Look at how ETH is also lossing more than 6% under 24hrs.
(....)

But if we check the chart of Ethereum, it's kinda good for Ethereum since if you can see the recent horizontal support on Ethereum, it's still not broken, Ethereum is still above on it, compare to Bitcoin.
But it still okay for me now that Bitcoin will not below $10, 000 because for sure, Ethereum will follow too even there is DeFi trends these days.

Oasisman

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I don't see it that way. ETH in market dominance? Look at how ETH is also lossing more than 6% under 24hrs.
Bitcoin is just having a correction after a long period of the bullish run after recovering last March during the rise of pandemic.
Remember this, even If Bitcoin is down below $10,000,a huge recovery and a potential bullrun that might reach new heights. Everyone is expecting a bull next year, It doesn't matter whether Bitcoin tanks or not.

Topic: Bitcoin Tanks to $10.4K; ETH Market Dominance at 2020 High - page 2. (Read 513 times)