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.
January 04, 2021, 05:12:18 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.
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.
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.
January 01, 2021, 06:55:38 PM
Eth just following bitcoin path, if bitcoin is about to fall, then eth will likely fall as well. Since eth has a lower price, you can buy more and get higher profits if it doubled compare to bitcoin. However, so far the increase in the price of bitcoin seems to be bigger than eth, which means the profit earned from bitcoin is greater than eth. in this bull run market, both of the coins are profitable, it's just that bitcoin seems to offer a lot more than another.
January 01, 2021, 06:42:44 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.
Your choice! since its your money and if your analysis towards comparing dominances then its up to you if you do follow up that presumption and as long you do make gains or accumulation then its up to you. We do have different inputs and views thats why its important on making things that can possibly give out advantage to you.
ETH doesnt really still make some run but probably or possibly it might really be showing up some moves for this year 2021.Lets wait up for that and if you can
risk on putting up something in ETH then that would be depending on risk management of yours.
January 01, 2021, 06:30:18 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're talking about bitcoin's dominance then asks about converting it to ETH. I thought that you're maximizing the dominance in bitcoin. But if you want to convert your btc to eth, I tell you that it's not a good idea. Keep your BTC and just keep holding it. And if you want to buy some more ETH, use another fund for it.
Don't waste your btc from buying eth although it's also a good coin but btc is much better.
January 01, 2021, 04:55:04 PM
It all depends on how the market moves because, should Bitcoin price try to correct, all those altcoin prices will also drop quick. Right now they are just following how Bitcoin price moves, and it's hard to predict what happens next,
By the mere fact that Bitcoin dominance is 70% should be a good indicator to show that alts are not doing well during this bull run and that includes ETH. Back in 2017-2018, this was not the case, BTC dominance was down to around 40-30% if I recall very well.
By the mere fact that Bitcoin dominance is 70% should be a good indicator to show that alts are not doing well during this bull run and that includes ETH. Back in 2017-2018, this was not the case, BTC dominance was down to around 40-30% if I recall very well.
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.
I'd wait for eth to fall to 0.017-0.02 btc before you buy if you want a bit more security but I don't look at that pair very much.
January 01, 2021, 12:49:12 PM
It all depends on how the market moves because, should Bitcoin price try to correct, all those altcoin prices will also drop quick. Right now they are just following how Bitcoin price moves, and it's hard to predict what happens next,
By the mere fact that Bitcoin dominance is 70% should be a good indicator to show that alts are not doing well during this bull run and that includes ETH. Back in 2017-2018, this was not the case, BTC dominance was down to around 40-30% if I recall very well.
By the mere fact that Bitcoin dominance is 70% should be a good indicator to show that alts are not doing well during this bull run and that includes ETH. Back in 2017-2018, this was not the case, BTC dominance was down to around 40-30% if I recall very well.
January 01, 2021, 12:42:44 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 ETC. What do you think?
Do not bother, this bull run has been created mostly out of the interest from institutional investors, and while you see them all the time buying more bitcoin, have you seen them buying ETH or any other altcoin? No, they are not interested in altcoins and that is because most of them simply do not have the characteristics of bitcoin, with that in mind such move right now seems like a losing move, and what it is the point to make a movement that you know is going to lose you money? January 01, 2021, 12:05:10 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.
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