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.
Topic: BTC Dominance 70.4% in CoinMarketCap. Do I need to exchange BTC to ETH? - page 2. (Read 1032 times)
January 04, 2021, 05:12:18 AM
January 04, 2021, 05:12:08 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.
This should never be done. Do not hop from one to another. Patience is the key to success.
January 03, 2021, 11:41:29 PM
~snip~
Bitcoin won't be able to rise forever and when it stops the ride, altcoins will move. Ethereum: https://coinmarketcap.com/currencies/ethereum/
Bitcoin: https://coinmarketcap.com/currencies/ethereum/
I see Ethereum gets bigger profit than bitcoin in USDT. Ethereum rises in ETH/BTC and in ETH/USDT pairs but it is not true for most of altcoins on the market. Ethereum rises in USDT is supported by bitcoin rises in USDT. 1 BTC is 1 BTC forever but 1 ETH is 0.017 BTC in January 2020 and now is 0.026 BTC.
Yes, it is right. But at this moment, we can enjoy the highest price which bitcoin can hit. I know that the price will stop the ride and if that happens, the price will adjust to the lower price, but I am not expecting to see what we already got in a few years ago. I hope that if the bitcoin price stops increase, the altcoin will start to rise higher, and I guess that some altcoin already rises in USDT. For ethereum, I am sure 1 ETH will be more than 0.03 btc, and even the price can reach to 0.04 btc in the future.
January 03, 2021, 10:28:35 PM
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.
January 03, 2021, 09:05:19 PM
I understand that people want to profit one way or another, but I don’t understand why they are looking for an alternative to Bitcoin?
They want something cheaper than bitcoin. They are fear of bitcoin when price is above $15,000, then $18,000 and now $33,000. They find cheaper alternatives and think that with cheaper alternatives, they can have bigger probability to get some profits with less risks.They are wrong, totally wrong. Investments in alternative cryptocurrency is more risky but with less profit in the long run. In the other words, bigger risks and bigger losses. Here I am talking about the top altcoins (have big communities, active developments and some sort of adoption), and I am not talking about shit tokens or scam projects.
But top altcoins, what are we witnessing drama and free falls on Ripple, Stellar, DASH, etc in late of 2020?
January 03, 2021, 06:36:56 PM
I understand that people want to profit one way or another, but I don’t understand why they are looking for an alternative to Bitcoin?
Ethereum is not an alternative to Bitcoin. That's what a lot of Bitcoin maximalist types don't get. Bitcoin will never be able to integrate all of Ethereum's features. At best, those features will be limited to sidechains and other protocols like that, which will greatly limit network effect.
Even if similar smart contract capabilities ever become possible in Bitcoin, Ethereum has a massive first mover advantage. Dethroning it would be like dethroning Bitcoin in the digital gold niche.
That's my take anyway. I'm not personally interested in using Ethereum for much besides DEX trading, but I do think it has great potential utility and network effect. That's being priced in by the market.
January 03, 2021, 10:13:15 AM
I understand that people want to profit one way or another, but I don’t understand why they are looking for an alternative to Bitcoin?
If we go back to 2017 and the time when BTC reached almost $20 000 we can see that this is the time when ETH reached its (for now) ATH which is according to CMC $1432. At the moment, the price of 1 BTC is about $34 000, and the price of 1 ETH is slightly less than $900 - which means that it is about $500 less than its last ATH.
greentech2, i think you should try and go full to altcoins, just don’t cry like all those who lost almost everything during 2018/19.
If we go back to 2017 and the time when BTC reached almost $20 000 we can see that this is the time when ETH reached its (for now) ATH which is according to CMC $1432. At the moment, the price of 1 BTC is about $34 000, and the price of 1 ETH is slightly less than $900 - which means that it is about $500 less than its last ATH.
greentech2, i think you should try and go full to altcoins, just don’t cry like all those who lost almost everything during 2018/19.
January 03, 2021, 09:10:48 AM
You can stick to the bitcoin trade and not convert your bitcoin to ethereum because the ethereum price is not giving good moves. And with what happens to bitcoin price now, I think your profit will be bigger if you trade bitcoin pair usdt. But if you think that ethereum trade can give you more profit than bitcoin trade, you can use it, but you should analyze more details to find out. Ethereum will have a good chance to increase higher, and I think ethereum is on the way to lift the price. But that will not be so fast because bitcoin still increases, and it seems the bitcoin price wants to break another high price, although the bitcoin price is already hit the new ATH.
Bitcoin won't be able to rise forever and when it stops the ride, altcoins will move. Ethereum: https://coinmarketcap.com/currencies/ethereum/
Bitcoin: https://coinmarketcap.com/currencies/ethereum/
I see Ethereum gets bigger profit than bitcoin in USDT. Ethereum rises in ETH/BTC and in ETH/USDT pairs but it is not true for most of altcoins on the market. Ethereum rises in USDT is supported by bitcoin rises in USDT. 1 BTC is 1 BTC forever but 1 ETH is 0.017 BTC in January 2020 and now is 0.026 BTC.
January 03, 2021, 12:50:05 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.
You can stick to the bitcoin trade and not convert your bitcoin to ethereum because the ethereum price is not giving good moves. And with what happens to bitcoin price now, I think your profit will be bigger if you trade bitcoin pair usdt. But if you think that ethereum trade can give you more profit than bitcoin trade, you can use it, but you should analyze more details to find out. Ethereum will have a good chance to increase higher, and I think ethereum is on the way to lift the price. But that will not be so fast because bitcoin still increases, and it seems the bitcoin price wants to break another high price, although the bitcoin price is already hit the new ATH.
January 02, 2021, 10:23:24 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 02, 2021, 06:57:15 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.
Why would you, you take future action on what you're seeing today, Bitcoin is gaining ground so why would you trade Bitcoin to Ethereum, Bitcoin is still going strong or better trade your other coins for Ethereum if you think you are bullish on Ethereum, but don't trade Bitcoin away or you are going to miss a lot.
January 02, 2021, 06:48:53 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.
Split your funds that is I think the best thing to do right now. Bitcoins ATH is currently $33k and a minor pullback right now to $31.9k mark I think bitcoins price is still not at its peak nor the altcoins too. Altcoins prices are so left behind by bitcoin, many altcoins are still far from their previous ATH specially ETH. Holding both will be the smartest choice right now IMO. 
January 02, 2021, 06:42:54 PM
Bitcoin is surprisingly going up out of control I think this is great news. who did this, and why are they interested in buying bitcoin. ?
January 02, 2021, 06:24:24 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.
Why would you, you take future action on what you're seeing today, Bitcoin is gaining ground so why would you trade Bitcoin to Ethereum, Bitcoin is still going strong or better trade your other coins for Ethereum if you think you are bullish on Ethereum, but don't trade Bitcoin away or you are going to miss a lot.
January 02, 2021, 04:44:10 PM
It depend on your choice.
But for me personally, it will be better to focus on BTC. Now, BTC is being in a bullrun and we still cannot predict when it will end, the end of this year or will continue. ETH itself is struggling to follow the bull run of Bitcoin. But to convert BTC into ETh right now? Not yet, it is still a good time for BTC enough.
Just let's wait for how the market will change again.
But for me personally, it will be better to focus on BTC. Now, BTC is being in a bullrun and we still cannot predict when it will end, the end of this year or will continue. ETH itself is struggling to follow the bull run of Bitcoin. But to convert BTC into ETh right now? Not yet, it is still a good time for BTC enough.
Just let's wait for how the market will change again.
January 02, 2021, 12:31:32 PM
I thought Dec 2017 saw btc dominance rise to between 86 and 90%? I know it's been there at some point anyway so it could be the same again... I remember it dropped quite far in January 2018 though.
It was 95 percent-ish at the beginning of 2017 before it started dropping at around late Feb. This was even before the bull run had gathered momentum. After the drop it tried to raise again later on during the year to around 70%,(that's when BTC was soaring towards $20,000). This was followed by another huge drop to 40-30% from late December 2017 into Jan 2018 (this is when ETH and other alts started to soar)Bitcoin keeps this up as long as possible, whatever the peak point becomes, after that it stays like that for a while, and alts try to catch up. When bitcoin is at around 90%, that means alts start to go up against btc as well, and since btc is all time high, that means alts will be all time high as well. So, what I am expecting right now is exactly this: bitcoin will peak at some point, after that we are going to see alts go up in price too, and they will reach their own all time high prices.
January 02, 2021, 07:45:38 AM
I thought Dec 2017 saw btc dominance rise to between 86 and 90%? I know it's been there at some point anyway so it could be the same again... I remember it dropped quite far in January 2018 though.
It was 95 percent-ish at the beginning of 2017 before it started dropping at around late Feb. This was even before the bull run had gathered momentum. After the drop it tried to raise again later on during the year to around 70%,(that's when BTC was soaring towards $20,000). This was followed by another huge drop to 40-30% from late December 2017 into Jan 2018 (this is when ETH and other alts started to soar) 
January 02, 2021, 07:06:32 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's better to wait for the correction first to get maximum results, because many references say bitcoin will experience correction first before looking for a new ATH.
As it is targeted that bitcoin moves have reached $ 30k, of course this is a new achievement for bitcoin and I think it would be great to wait for some of these corrections.
January 02, 2021, 06:26:05 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.
Agreed. I'm bullish on ETHBTC for 2021. I believe the market is carving out an accumulation bottom, and possibly a multi-year inverse H&S. If this plays out, it will be very powerful:
Just watch what happens when ETH/BTC finally breaks above multi-year resistance ~0.04, after 2+ years of accumulation. It's going to be epic.
I believe the fundamentals are backing this move as well. Staking should strengthen demand and weaken supply considerably.
Of course, in the short/mid term, digging deeper is possible, especially with BTCUSD showing no sign of slowing down yet. It would be reasonable to wait for ETHBTC selling momentum to dry up and for a bullish structure to form before buying, as opposed to catching the falling knife.
January 02, 2021, 03:25:51 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.
Ethereum is a safe investment compared to other Altcoins, but always safe investment means that it is the least profitable and therefore may not achieve much money.You can wait a while for the price to stabilize for several days, and then either the price begins to rise or the price stabilizes.
There is a possibility that the price will collapse, but the Ethereum price still did not increase much so your loss will be less.
BTC Dominance is a misleading indicator so I do not recommend you to rely on it as an investment base.
Jump to: