Topic: BTC Dominance 70.4% in CoinMarketCap. Do I need to exchange BTC to ETH? (Read 1032 times)
January 12, 2021, 11:40:24 AM
wouldv been better if you did right
January 11, 2021, 12:00:50 PM
if you think thats beneficial for you why not ? your opinion matters first before us but imho if btc is now dominating why will you still disrupt its domination ?
it can continue and if you already have a btc your doing good but supporting etherium will make you look a kind person and helpful because your helping eth to catch up with bitcoin but i notice that the thread is old and the price of eth have already cross a thousand dollars ,
im curious if what decision you have made on the past . how much income did you earn ?
it can continue and if you already have a btc your doing good but supporting etherium will make you look a kind person and helpful because your helping eth to catch up with bitcoin but i notice that the thread is old and the price of eth have already cross a thousand dollars ,
im curious if what decision you have made on the past . how much income did you earn ?
January 11, 2021, 11:01:25 AM
Now Bitcoin dominance is starting to decline to 68%, then Bitcoin price also seems to have difficulty breaking the resistance price at $ 40,000.
So this made some of the top altcoins go up in price, including Ethereum which kept going up close to the ATH price. But don't let your BTC into
ETH, because after all investing in Bitcoin is more profitable. Unless you have extra money you can buy ETH, but if you have to convert BTC to ETH
it's not a good decision in my opinion.
Bitcoin price doesn't need to go down in order for the dominance to drop, it actually doesn't even need to stay same, we could have bitcoin going up while dominance still fall. How? Simply, when bitcoin goes up a bit, but alts go up a lot more, that means dominance will fall, obviously since bitcoin is a lot bigger than everything else, one percent of increase still means a ton of increase for it, while alts do not worth that much, even all of them combined, so it needs to be a lot bigger increase from lats but it is still possible for a tiny increase in bitcoin, while a huuuuge increase on altcoin would make the dominance of bitcoin fall.So this made some of the top altcoins go up in price, including Ethereum which kept going up close to the ATH price. But don't let your BTC into
ETH, because after all investing in Bitcoin is more profitable. Unless you have extra money you can buy ETH, but if you have to convert BTC to ETH
it's not a good decision in my opinion.
I believe bitcoin is not going to crash before alt season, it will happen together, bitcoin will be around 40k or even maybe higher while alts will all have their own all time high prices happen at the same time.
January 10, 2021, 12:47:17 PM
Now Bitcoin dominance is starting to decline to 68%, then Bitcoin price also seems to have difficulty breaking the resistance price at $ 40,000.
That should be the peak or we're at least seeing another barrier and bitcoin has to go low for a moment before it gets into the $40k lines.So this made some of the top altcoins go up in price, including Ethereum which kept going up close to the ATH price. But don't let your BTC into
ETH, because after all investing in Bitcoin is more profitable. Unless you have extra money you can buy ETH, but if you have to convert BTC to ETH
it's not a good decision in my opinion.
Ethereum has stayed on $1,300 and nearly broke the last ATH. I see people now asking if it's fine to convert their bitcoins into another altcoin. But that won't do them good just because they've seen some slow down for bitcoin. ETH, because after all investing in Bitcoin is more profitable. Unless you have extra money you can buy ETH, but if you have to convert BTC to ETH
it's not a good decision in my opinion.
January 10, 2021, 06:51:43 AM
Now Bitcoin dominance is starting to decline to 68%, then Bitcoin price also seems to have difficulty breaking the resistance price at $ 40,000.
So this made some of the top altcoins go up in price, including Ethereum which kept going up close to the ATH price. But don't let your BTC into
ETH, because after all investing in Bitcoin is more profitable. Unless you have extra money you can buy ETH, but if you have to convert BTC to ETH
it's not a good decision in my opinion.
So this made some of the top altcoins go up in price, including Ethereum which kept going up close to the ATH price. But don't let your BTC into
ETH, because after all investing in Bitcoin is more profitable. Unless you have extra money you can buy ETH, but if you have to convert BTC to ETH
it's not a good decision in my opinion.
January 10, 2021, 06:39:26 AM
BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC. What do you think? Thanks.
It depends on your instincts. No matter which one who gave you advice, the final decision will always be you. By the way, Ethereum is getting closer to break it’s previous all-time high last January 2018.
I have bought and accumulated Ethereum since it was hovering around $180 to $200 and already enjoying the gains. I should have never sold my Bitcoin too early though. Dang.
January 10, 2021, 05:04:21 AM
I feel like bitcoin could be at any dominance and that doesn't really change anything. People are shocked that dominance changes, but it can be anything, it could be 90%+ and wouldn't mean that one thing or another would happen, it could be 40% and still doesn't mean one thing or another would happen.
Just because some things happened in the past when dominance reached certain levels, doesn't mean that it will continue this way, doesn't mean it won't, it was always a risky thing and it was always volatile, so whatever happens there could be sudden crasy or a skyrocketing move, it is just the way bitcoin and altcoins are. I am not saying the logic is wrong neither, it could happen, maybe alts will go up a lot higher, that could be true and I can't deny that, because I don't know if they will or not, but nobody else knows that neither.
Just because some things happened in the past when dominance reached certain levels, doesn't mean that it will continue this way, doesn't mean it won't, it was always a risky thing and it was always volatile, so whatever happens there could be sudden crasy or a skyrocketing move, it is just the way bitcoin and altcoins are. I am not saying the logic is wrong neither, it could happen, maybe alts will go up a lot higher, that could be true and I can't deny that, because I don't know if they will or not, but nobody else knows that neither.
January 08, 2021, 05:17:30 PM
The Dominance of bitcoin in daily candle bounces back but in weekly candle it would be pulled back very much for its current level. Same for monthly candle but the probability of pull back in weekly candle is higher and more seriously.
It will be a warming up time for altcoin and they are preparing for their altcoin season.
https://www.blockchaincenter.net/altcoin-season-index/
Watch Bitcoin dominance on Trading view: CRYPTOCAP:BTC.D
I am sorry to say that I simply do not see it, altcoins already had their season when the DeFi hype hit the market, so I hope that people interested in altcoins took the time to make profits when that happened, right now is the turn of bitcoin and while altcoins may seem to be recovering you will see that while their price in dollars is growing their price against bitcoin is either remaining stagnant or going down, one of the exceptions to this is ethereum but compared to what happened during 2017 the price of ethereum in terms of BTC is way smaller than what it was in those days. It will be a warming up time for altcoin and they are preparing for their altcoin season.
https://www.blockchaincenter.net/altcoin-season-index/
Watch Bitcoin dominance on Trading view: CRYPTOCAP:BTC.D
January 07, 2021, 01:24:11 AM
It depends on what goals you are pursuing. If you want to maximize profits, then there is every chance that in the coming days Ethereum will be able to beat its ATH, after which I would prefer to return the funds back to BTC. If you want to keep the value of your bitcoins, then it will be enough to convert them into stable coins, any of your choice.
No, I do not think so. Even if you convert your bitcoin to ethereum, you still lose a few satoshi. Just try to calculate it using converting tools, and you will see how much you will lose. Unless the ethereum price can jump more than two times, you will not make a nice profit. If the ethereum price can jump to $1,500-$2,000 in the short term, and the bitcoin price is still stable at $38k, you can expect to profit in bitcoin. I prefer to stay at bitcoin, but that will be up to you 
January 06, 2021, 10:38:21 PM
The Dominance of bitcoin in daily candle bounces back but in weekly candle it would be pulled back very much for its current level. Same for monthly candle but the probability of pull back in weekly candle is higher and more seriously.
It will be a warming up time for altcoin and they are preparing for their altcoin season.
https://www.blockchaincenter.net/altcoin-season-index/
Watch Bitcoin dominance on Trading view: CRYPTOCAP:BTC.D
It will be a warming up time for altcoin and they are preparing for their altcoin season.
https://www.blockchaincenter.net/altcoin-season-index/
Watch Bitcoin dominance on Trading view: CRYPTOCAP:BTC.D
January 05, 2021, 06:17:14 PM
As many say, it was you to decide but what I take to this, I have to keep half into altcoins. It is really hard to put hundreds of eggs in one basket, we need to be practical and in the same way, we need assurance for not having a losing end. I simply don't look into how Bitcoin dominating the market but also considering the other opportunity in altcoins especially when they started to grow. It's gonna be some blowout that might be happening in the coming days as the bullish trend continues stronger.
January 05, 2021, 05:32:08 PM
It depends on what goals you are pursuing. If you want to maximize profits, then there is every chance that in the coming days Ethereum will be able to beat its ATH, after which I would prefer to return the funds back to BTC. If you want to keep the value of your bitcoins, then it will be enough to convert them into stable coins, any of your choice.
January 05, 2021, 03:53:07 PM
Greedy people always want more, and suddenly it's not enough for them that the price of BTC is a record high, so they decided to use it to pump up some shitcoins on which they will make extra profit. But honestly it doesn't surprise me at all - 90% of everyone who is involved in cryptocurrencies in some way is only interested in profit.
I know greed is a bad look, but it's a good thing. It drives exponential Bitcoin adoption. Watching BTC surge in the 2013 bubble and chasing after those profits is why I'm here today. I'm not going to lie and say it was for the technology. And like so many others, I chased altcoins early on because I thought I had missed the boat with Bitcoin too.
Over time, it became less about the profits and more about the financial freedom and utility. But the profits are a nice byproduct too.
January 05, 2021, 10:21:52 AM
BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC. What do you think? Thanks.
If you did what you actually asked then you will be in 50% right now but it seems you didn't replied anything after you asked. Actually giving value to dominance is not worth most of the time but probably at the peak prices it may worth but not sure in my opinion. I didn't do any conversion, didn't made any transaction for a while so bitcoin itself gave me huge profits so din't bothered about the ethereum now... January 05, 2021, 08:02:26 AM
Altcoins without an exception are only good short term options and only whenever bitcoin price becomes stable. It may be even a short time of stability like a day or two before they are pumped but that would be enough in many cases because traders don't want to stay in one place and whenever bitcoin market calms down a little (like the past 30 hours) they switch to pumping shitcoins right away. As we can see ETH got pumped the day bitcoin price started slowing down a little and with some fake news that initiated the pump. There are lots of other similar shitcoins that are getting pumped over the past 24 hours too. Some of the smaller ones are getting pumped a lot more than the big altcoins on top.
What you have to do is to learn how to read the market and make the moves temporarily (before the dump comes) to take the maximum amount of profit before bitcoin starts rising again and altcoins dump.
But in my experience, altcoins are awesome investments no matter what, they are good long term, they are good short term, they are good at any term. You want short term? Ethereum went up 20% just today, you want long term? Ethereum went up 5x times higher in 2020. As you can see it went up both in ALL of 2020, but it has also went up in the last 24 hours as well, both long term and short term it was something profitable.What you have to do is to learn how to read the market and make the moves temporarily (before the dump comes) to take the maximum amount of profit before bitcoin starts rising again and altcoins dump.
Basically it all depends on which coin you pick, if you picked ethereum either last year or yesterday you made profit no matter what, however if you picked XRP you have lost money, probably a lot of money as well. If you are capable of picking the right coin, you are going to make a lot of money, but if you end up not picking the right coin, you are going to end up not making any type of money at all and even lose some.
January 05, 2021, 06:03:56 AM
What happened?
Greedy people always want more, and suddenly it's not enough for them that the price of BTC is a record high, so they decided to use it to pump up some shitcoins on which they will make extra profit. But honestly it doesn't surprise me at all - 90% of everyone who is involved in cryptocurrencies in some way is only interested in profit.
January 04, 2021, 09:24:55 PM
Now Bitcoin dominance is down to 68% and Bitcoin price is correcting to $ 30,000. Meanwhile, the price of Ethereum has gone up to $ 1000
and I am sure that in a few weeks Ethereum will return to the ATH price of $ 1400. With these data, it shows that exchanging BTC to ETH is
necessary now, if you want to get profit from ETH. But that doesn't mean all the BTC we have will convert to ETH, because I believe Bitcoin
can still go up again. Therefore, we still have to store Bitcoin, so convert about 30% of our BTC into ETH.
What happened? Ethereum climbs up to its all time high. It is a very well rise from Ethereum after it retested the double bottom. It is amazing rise if consider how low the price of Ethereum in ETH/BTC is now. 0.03348 BTC for one Ethereum and the price is higher than $1100.and I am sure that in a few weeks Ethereum will return to the ATH price of $ 1400. With these data, it shows that exchanging BTC to ETH is
necessary now, if you want to get profit from ETH. But that doesn't mean all the BTC we have will convert to ETH, because I believe Bitcoin
can still go up again. Therefore, we still have to store Bitcoin, so convert about 30% of our BTC into ETH.
The retest of all time high from Ethereum can trigger the altcoin season in next few weeks.
January 04, 2021, 12:37:55 PM
Now Bitcoin dominance is down to 68% and Bitcoin price is correcting to $ 30,000. Meanwhile, the price of Ethereum has gone up to $ 1000
and I am sure that in a few weeks Ethereum will return to the ATH price of $ 1400. With these data, it shows that exchanging BTC to ETH is
necessary now, if you want to get profit from ETH. But that doesn't mean all the BTC we have will convert to ETH, because I believe Bitcoin
can still go up again. Therefore, we still have to store Bitcoin, so convert about 30% of our BTC into ETH.
and I am sure that in a few weeks Ethereum will return to the ATH price of $ 1400. With these data, it shows that exchanging BTC to ETH is
necessary now, if you want to get profit from ETH. But that doesn't mean all the BTC we have will convert to ETH, because I believe Bitcoin
can still go up again. Therefore, we still have to store Bitcoin, so convert about 30% of our BTC into ETH.
January 04, 2021, 12:11:39 PM
BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC. What do you think? Thanks.
You don't need to exchange your bitcoin to the ethereum and you must keep it in your bitcoin form. Bitcoin has more possibility to go even higher than this time. We are not yet reaching the peak price of bitcoin.
When you are holding ethereum right now and that means if you are also loosing your value dude.
Just think about that when bitcoin goes even higher and you will get more ethereum as ethereum is quite stable right now.
January 04, 2021, 10:30:33 AM
It seems like the 70+ level was rejected and I believe that this was the reason why we saw recently a huge pump for some altcoins, like Ethereum.
If you can check the August 2019, there you saw also the rejection from same level now.
So what I am speculating on Bitcoin now is, Bitcoin will do sideways or dump, then alt season will start?
It's still difficult, since there are still lot of buyers for Bitcoin even how expensive now.
I think one is better of now when you hodl etheruem. That rejection you sighted could make a panic sell begin to build up and gradually shielding out of btc can follow which will lead to a slow movement in the price of bitcoin but volatility will be transfered to etheruem and other good altcoins and that can start the altcoin bull. This was how it happened also in 2017 bitcoin bull. The bull for altcoin was started by etheruem in the past three year and currently, etheruem has touched the 1000 price, more bull can show up any time now especially as the 2.0 is more in the news.
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