BTC Dominance increases again and what happened to altcoin?

Viscore

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Quote from: skarais on February 21, 2021, 03:32:20 PM

Quote from: Jamesdila1 on February 21, 2021, 03:13:16 PM

Short-term it is bad for altcoins but long term it is good.

It shouldn't make much difference between existing cryptocurrencies. In the short term, you can still profit from the trade you make in altcoin and you just have to know when to buy. Many day trader profit from the activities they do, so there are no restriction even though in the long run there are any altcoin that have great potential.

Long term or short term, both gives us an opportunity to earn but in terms of stability, bitcoin is always the best since although altcoins season has come, bitcoin is still dominating the market with 60% rate now, and I think it will not drop below 50% and will continue to dictate what the market movement in the future.

Quote

Don't compare altcoin to what bitcoin has achieved in the long term, you probably won't see many altcoin are better to hold in the long term.

I agree but in terms of profitability, altcoins has so much room to grow but the risk is high.

KimmyF

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Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin

.

As you joined us, you have enough experience. Nothing will stay forever (bear or bull). Almost 3 years have passed since the time was bear. Now we need a bull market. In my research we're in the bullrun, but the problem is anytime could start a bear market. During the last bullrun Bitcoin dominance decreased to 40-45 percent, which was an insane time for altcoins.

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Quote from: magnum cyber on February 08, 2021, 07:58:56 AM

when bitcoin dominance increases, there is a high chance that altcoins will follow the flow of bitcoin price movements. and currently some altcoins are following the domination of btc like Eth and BNB and maybe there are many other coins that I don't know about.

BTC movement will affect so good on other cryptocurrencies price, you are definitely right there is huge chance to make a profit from your investment in the near future. l would say it is the best time to collect some coins. ETH and BNB follow BTC moving and both of them are increasing. There are also other projects which have a really good chance to be among the best altcoins. l think we should make choices from 200 top list altcoins. In my humble opinion, they have more chances than compared other cryptocurrencies.

skarais

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Quote from: Jamesdila1 on February 21, 2021, 03:13:16 PM

Short-term it is bad for altcoins but long term it is good.

It shouldn't make much difference between existing cryptocurrencies. In the short term, you can still profit from the trade you make in altcoin and you just have to know when to buy. Many day trader profit from the activities they do, so there are no restriction even though in the long run there are any altcoin that have great potential.

Don't compare altcoin to what bitcoin has achieved in the long term, you probably won't see many altcoin are better to hold in the long term.

CashbackLover

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Bitcoin dominance increasing means bitcoin bulls aren't done yet, it means there are still some adrenaline juice left in the big boy, anyways this will also help lots of altcoins to surge higher most especially ethereum, I don't think there is any reason to wait for altcoin season anymore, if btc keeps going altcoins will surely follow either dominance increases or not

Jamesdila1

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Short-term it is bad for altcoins but long term it is good. The more dominant bitcoin is, the higher it's purchase power is. It also suggests that we are in an uptrend. So eventually investors will want to buy altcoins because their bitcoin will have huge purchase power

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Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin

.

I think if we analyse previous bull cycles we will see that when btc goes fully parabolic then the price moons insanely alongwith the marketcap and dominancy so this time also im expecting btc dominancy to grow over 80% and btc peaking over 300k before alts follow and go parabolic.

lumierre

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You cannot compare the crypto markets of 2017 and 2021. These are two sites that are completely different in their content. In the 2017 season, everyone bought coins, even those who did not understand and did not want to understand what the crypto world was, but perceived it as an option to make money quickly.
The current position of the market was occupied only thanks to innovative projects that interested large investors, who raised the idea of cryptocurrencies to a new, higher and more progressive level. Now cryptocurrency is a real fight for a place in the ranking, competition.

Kemarit

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I guess there's no more correlation between Bitcoin's dominance and altcoin's bull run.

The rally of today is very much difference in 2017, back then for altcoin to make a a run, it needs to trim down Bitcoin dominance to less than 50%. But now is different, bitcoin is still in the high 60% and yet most of the altcoin is already enjoying their bull run already breaking grounds and surpassing their old all time highs. The market has definitely evolved now.

MWesterweele

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Quote from: Casdinyard on February 08, 2021, 11:33:28 AM

At this moment, some altcoin are also having price increase but I still doubt that a correlation exist such that Bitcoin's market value is directly affecting the market price of the alts. Wherein there are times one is increasing, and the other one is either neutral or decreasing. There are also times wherein both are either falling or in upward motion. The market price is just dependent with the demand itself as well as the market volume. Dominance over the other one? Well I guess that's not how the market prices, work. I do view it as a market movement in general, and not mainly dependent to only one crypto.

I remember the day i enter the world of cryptocurrency, bitcoin was already the dominant crypto and next on the list was the ethereum. And now, we still witnessed the dominancy of bitcoin and it consistent because as time goes by the probability of consistent dominance of bitcoin increases because of how it reacts to the crypro market now. Bitcoin are keep on soaring, but what i have observed a good thing that happened to altcoin was some altcoins are also increases their market value as bitcoin goes up. Though it isn't that high compare to bitcoin, but i guess i am satisfied seing a market of altcoin in a green arrow indicator.

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Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin

.

I think btc price is yet to go real parabolic and when that will happen the value of btc will go insane and domimancy of btc cam also go over 80% but the best thing is that the alts will also follow and increase in value later so if you are holding top alts you can expect great returns in few months.

isaac_clarke22

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Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

~

That's likely though I don't have the statistics on the probability on how many alts could surely followup the increase in price, but it is indeed a common mindset for people to speculate that alts tend to follow once Bitcoin increases in price.
However it goes at its lowest as well when Bitcoin goes down, it is massive dump/bear season for alts.
Nobody knows what will happen next. It's like a toss coin.

budi12

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Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin

.

everyone would expect point 1 to happen soon on the market exchange. because many people only hold altcoins rather than bitcoins. and I also believe that in the middle of this year it will be a good trend for altcoins. there will be altcoins following bitcoin's footsteps to the moon. so please buy some bitcoins from now on to get profit in the future.

LostConfidence243

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BTC is dominating this concept is completely right at all. The cryotocurrency market is always changeable and unpredictable, The BTC price was high a few days ago and is has still high price on compare of the CMC. There are 61.9% up dominating persistence in this present situation. So, I personally love to say Forex traders will be achieve huge experience from this incident. Keep looking in this market and get huge profit experience.

Vatimins

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I really find it hard to read your post but I kind of got you point. And it is pretty clear that you quite understand how the industry works and that's nice. But just keep in mind that sometimes, this industry f*cks you up with price movements that don't have any logic. So people should still exercise caution in making investments in this industry.

As for me, im this close to pulling out funds on my alts if the trend continues. Then buy back as bitcoin drops, alt season is almost here and basing on past experiences, it comes mostly anywhere within the second quarter. (This is not a financial advice, I just want to be clear about that hehe)

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Quote from: FanEagle on February 08, 2021, 11:12:22 AM

...I am expecting 50k from bitcoin. In order for altcoins to make a profit, you need to look at the fiat situation, ethereum profited so much from fiat for example, we are talking about over 10x increase in a year, that is really unbelievable, so if you want to invest into any altcoin, you have to look at prices for fiat and you could be happy about how we have managed to make so much profit in fiat, if you focus on bitcoin profits, you may not be so much happy.

In a bull market, it is better to fix not in USDT, but in BTC. Then, when you exchange for a fiat currency, the profit will exceed your expectations. But in any case, this race will not be eternal and you need to regularly fix your profit or use a stop loss, so as not to lose what you have already earned.

Casdinyard

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At this moment, some altcoin are also having price increase but I still doubt that a correlation exist such that Bitcoin's market value is directly affecting the market price of the alts. Wherein there are times one is increasing, and the other one is either neutral or decreasing. There are also times wherein both are either falling or in upward motion. The market price is just dependent with the demand itself as well as the market volume. Dominance over the other one? Well I guess that's not how the market prices, work. I do view it as a market movement in general, and not mainly dependent to only one crypto.

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Quote from: Yamifoud on February 08, 2021, 07:55:40 AM

The hopes still there, altcoins will also do the rally if Bitcoin does but the question about new altcoins, it is something hard to answer, not unless if they have a good support system.
Now, if we are choosing altcoins for an investment, it is a good choice to take the old ones. Liquidity is a big factor to think that we can generate profit once the market rises again but much more to put a huge amount into Bitcoin than these altcoins.

As we look into the market chart now, the hype is really serious and I feel that we are breaking the $42,000 making new ATH.

That hype is definitely helping altcoins as well, we are not doing that bad and we should probably doing a lot better very soon as well, because bull season is still going on and after all that period of nearly one month going back and forward of 29k levels to 35k levels, we are finally above that and increased so lovely, we are finally doing great and we will probably keep going great for a while longer.

I am expecting 50k from bitcoin. In order for altcoins to make a profit, you need to look at the fiat situation, ethereum profited so much from fiat for example, we are talking about over 10x increase in a year, that is really unbelievable, so if you want to invest into any altcoin, you have to look at prices for fiat and you could be happy about how we have managed to make so much profit in fiat, if you focus on bitcoin profits, you may not be so much happy.

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Altcoin bull run still happens, just look at ethereum has increased. although the increase is not as significant as bitcoin but there is already a real impact from the influence of bitcoin for altcoins. so I think this creates a new ATH for altcoins and hopefully in the future it can be higher for the increase in altcoins.

magnum cyber

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when bitcoin dominance increases, there is a high chance that altcoins will follow the flow of bitcoin price movements. and currently some altcoins are following the domination of btc like Eth and BNB and maybe there are many other coins that I don't know about.

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Quote from: lousie9 on February 08, 2021, 06:47:55 AM

Of course we all hope like you pick point 1, after BTC reaches its highest peak price or reaches a new ATH and after that changes to the Altcoin season. However, currently the BTC market dominance is still increasing, especially ETH which follows the BTC price movement itself. I hope that happens to some of the other top altcoins too, especially with some of the newer coins I own as well

The hopes still there, altcoins will also do the rally if Bitcoin does but the question about new altcoins, it is something hard to answer, not unless if they have a good support system.
Now, if we are choosing altcoins for an investment, it is a good choice to take the old ones. Liquidity is a big factor to think that we can generate profit once the market rises again but much more to put a huge amount into Bitcoin than these altcoins.

As we look into the market chart now, the hype is really serious and I feel that we are breaking the $42,000 making new ATH.

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Quote from: ?? on ??

don't see the upward movement of the btc dominance it only increased 1% from the previous and today it fell back to 59%.
So you can't see the price of BTC going up because its dominance is still low.
and if some time in the future it is still down, then the opportunity for altcoins to go up will be even greater.

Patience, surely you must have learned to be patient by now right? This is Bitcoin, where 90% of the time is spent below the highs, and new ATHs are very rare in between. We're still in a rally now in case you forgot, with many times where corrections and retracements are allowed to happen before each new step up.

lousie9

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Of course we all hope like you pick point 1, after BTC reaches its highest peak price or reaches a new ATH and after that changes to the Altcoin season. However, currently the BTC market dominance is still increasing, especially ETH which follows the BTC price movement itself. I hope that happens to some of the other top altcoins too, especially with some of the newer coins I own as well

trauchot

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The dominance of bitcoin should be big because bitcoin is the king of cryptocurrencies and so far the dominance of bitcoin is 61% and this is still not enough, but if it will become more, then eventually altcoins will most likely begin to fall in price and bitcoin will begin to grow, and then most likely bitcoin dominance again will go down and altcoins will begin to rise in price, so we should constantly monitor the cryptocurrency market to know what is happening in it, because everything can change very dramatically.

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Quote from: takngantuk on February 07, 2021, 09:08:03 PM

I don't think the altseason will happen when bitcoin dominance is still high. so the worst possibility is that when bitcoin reaches a new ATH, there will be a big bear after it. this will probably be even more severe than the market crash of a few years ago. as long as bitcoin dominance is high, altcoins will not get bullrun. only top altcoins such as eth, dot, and others can enjoy this increase.

Bitcoin dominance is high, but it is decreasing. December 2020 it was above 65% if I'm not mistaken, and not it is around 50%. Now Ethereum starts to win positions on the market. In my opinion, Bitcoin will slowly loose its dominance, but part of the market will be taken only by few altcoins, such as Ethereum, BNB and some cheap and quick blockchain representative, like Tron or Stellar (as people will get tired of high ETH commissions, and will try to replace blockchain to a cheaper one). But no altseason will start.

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Quote from: Distinctin on February 08, 2021, 02:29:42 AM

Quote from: aprilnot on February 07, 2021, 11:28:04 PM

every time bitcoin dominance increases, there is nothing good for altcoins. so I'm sure that's not a good sign. bitcoin dominance is sometimes bad for the altcoin trend. so there's no way this could trigger the altcoin season. If seen this is only good for crypto that is in the top ranks, the rest are depreciating and unable to enjoy bulls.

Not worrying about if those worthless coins will drop because, in the first place, it is so long that has been dead already.
Investors will buy Bitcoin and might dump it by tomorrow then invest back to altcoins. This what we could see in the coming days, after Bitcoin surging high, altcoins will slightly dump but forgoing, it gets to keep the momentum and soar high again.
I don't have to worry about Bitcoin will dominating the market because since before, that was supposed to see, there is nothing change and so the market behavior.

whos dead ? the shitcoins ? if they are dead they wont be in the exchange anymore but as long as the coin is in the exchange and has a value theres always a chance that it will got infected if ever there will be an altcoin season that will happen and if investors can dump btc why will they wont invest again on it than getting altcoins ?

we dont need to worry when btc dominates the entire market but the should be happy and proud of it than seeing useless coins rise

OasisDre

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Not every altcoins are showing good sign right now, only very useful altcoins are in greenish mode, the only coins that remains profitable is Bitcoin and Ethereum, others are following too but what's coming next is still unclear, either real altcoin season will come or not I don't know, for now all my bets are on bitcoin

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Quote from: aprilnot on February 07, 2021, 11:28:04 PM

every time bitcoin dominance increases, there is nothing good for altcoins. so I'm sure that's not a good sign. bitcoin dominance is sometimes bad for the altcoin trend. so there's no way this could trigger the altcoin season. If seen this is only good for crypto that is in the top ranks, the rest are depreciating and unable to enjoy bulls.

Not worrying about if those worthless coins will drop because, in the first place, it is so long that has been dead already.

Investors will buy Bitcoin and might dump it by tomorrow then invest back to altcoins. This what we could see in the coming days, after Bitcoin surging high, altcoins will slightly dump but forgoing, it gets to keep the momentum and soar high again.

I don't have to worry about Bitcoin will dominating the market because since before, that was supposed to see, there is nothing change and so the market behavior.

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if bitcoin price is dominant, then there are 2 things that I also think about.

the first is, when the price of bitcoin is very high, it is also easy for altcoins to reach the new ATH. although the altcoin season has not arrived, the slow increase that occurs in different altcoins can make their prices very high due to the influence of the very high price of bitcoin.

the second is, when the price of bitcoin is dominant, and it gets really high, it is also quite risky for an altcoin that has not yet developed. however, when the price of bitcoin is declining due to the dominant upward influence, it can cause a decrease that is sufficient for the holders of the altcoin whose price has not gone up yet.

bryant.coleman

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The Bitcoin dominance has actually gone down by close to 10% during the last 1-2 months (from 71% to 61%), and most of the gains went to altcoins. Some of the altcoins have shown a much higher ROI compared to Bitcoin during the last 6 months. For example, Cardano has gone up by 700%, and Ethereum has gone up by almost 500%. In general there is a feeling in the market that these coins went down by too much during the bearish phase of 2018. So the recovery is being seen as natural.

aprilnot

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every time bitcoin dominance increases, there is nothing good for altcoins. so I'm sure that's not a good sign. bitcoin dominance is sometimes bad for the altcoin trend. so there's no way this could trigger the altcoin season. If seen this is only good for crypto that is in the top ranks, the rest are depreciating and unable to enjoy bulls.

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Quote from: ?? on ??

It seems that the market has changed again and the price of Bitcoin has fallen. Maybe as the Chinese New Year approaches. The market will be sideways. Wait until the market starts to be active again from February to March this year. Is the real bull market coming? Look forward to.

The chines new year doesn't have any correlation with it. Bitcoin is only trying to break the resistance but it's failed to surpass the key point to increase even more than this time. The market is always active anytime. The bull trend is still happening and why do we need to wait for another bull trend to happen?
People are so crazy to think any dump will always have a correlation with the event that happened in our life.

I do agree with the first point pointed out by the creator of this thread.

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I don't think the altseason will happen when bitcoin dominance is still high. so the worst possibility is that when bitcoin reaches a new ATH, there will be a big bear after it. this will probably be even more severe than the market crash of a few years ago. as long as bitcoin dominance is high, altcoins will not get bullrun. only top altcoins such as eth, dot, and others can enjoy this increase.

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Quote from: bct-user on February 07, 2021, 06:47:40 PM

Maybe it will effect to the drop in altcoins' prices, but I think it won't be a long time.

The downtrend for altcoin is just temporary and it will make altcoin goes down to the dip price. After the bitcoin pump and altcoin will be coming back again with big pump. We have seen that happened last month when bitcoin gets stabilized and altcoins were starting its season and the majority of legit coins got doubled or even tripled.
The shorter dump may happen but I'm not sure that will always be the impact from the bitcoin pump.

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Quote from: bct-user on February 07, 2021, 06:47:40 PM

Maybe it will effect to the drop in altcoins' prices, but I think it won't be a long time. The increase of Bitcoin price will lead to the low demand in altcoins, so in the few days the price of most altcoins probably to decrease rather significant. But we don't need to be panic, just hold and keep calm. We wait to the next soar to trade again altcoins.

The effect on altcoins is likely to be positive for the potential coin but for shitcoins, it is really harsh. Why I'm saying the positive effect is because we know that many investors can't afford to buy Bitcoin at this price, they will drop to the altcoin market.

And if we are thinking the demand will getting low, not exactly. Crypto investors will not hold their eggs in one basket so they will definitely choose potential altcoins. But this is what I always think about the market, they will go together, make another ATH together. So I think we need to accumulate more altcoins now before another Bullrun comes again.

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Quote from: bct-user on February 07, 2021, 06:47:40 PM

Maybe it will effect to the drop in altcoins' prices, but I think it won't be a long time. The increase of Bitcoin price will lead to the low demand in altcoins, so in the few days the price of most altcoins probably to decrease rather significant. But we don't need to be panic, just hold and keep calm. We wait to the next soar to trade again altcoins.

I wouldn't say it will result to low demand in altcoins, but perhaps if you are talking about shitcoin then yes. But for most altcoins in the top 20, there could still be demand even if bitcoin's dominance is high. After all these altcoins are either a prime mover, or have some utility that people are using so the demand could still be there.

The problem is that majority of altcoins are just being use to pump and dump and then once they are done, they are going back to bitcoin market and so the dominance continue to grow.

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Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin

.

You don't need to wonder if Altcoins will rise as Bitcoin also rising. For the fact that they are in the crypto world, this is likely to happen, they are working together.

We are more positive that Bitcoin will be hitting $50,000. And so much hopeful as well that altcoins will follow the path and making another great history. And I hope nobody misses this massive growth coz it comes not all the time.

bct-user

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Maybe it will effect to the drop in altcoins' prices, but I think it won't be a long time. The increase of Bitcoin price will lead to the low demand in altcoins, so in the few days the price of most altcoins probably to decrease rather significant. But we don't need to be panic, just hold and keep calm. We wait to the next soar to trade again altcoins.

TimeTeller

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Quote from: Danslip on February 07, 2021, 04:00:18 PM

BTC is increasing and it seems BTC will not stop. There will be some effects on altcoins, but to tell the truth, the situation will not be the same for every altcoin. l mean BTC price increasing affects so good the price of ETH and maybe other top altcoins, about other projects it is not same. On the other hand l hope, altcoins season will happen in the near future, in my view, we should wait for this time.

Because not all alts are worth in the market. That's why only few can keep up with bitcoin.
Most alts have their own fate as it entirely depends on their respective devs.
It doesn't depend on btc market but how the devs are progressing with their developments.
That's why most alts don't follow the trend of bitcoin because they have their own little world to follow.

bitkanu

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About point 1 and that depends on bitcoin, the dominance of bitcoin increases a lot but it doesn't mean altcoin will be always following it. Sometimes the opposite thing is happening.
I should remind you that when bitcoin increases and altcoin can go down or stabilize (lose in term of bitcoin pair)

I think that point 1 could happen but about point 2 will be happening when the bearish trend will come.

seramania

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Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin

.

point 1 has happened, still only some altcoins have increased, in my opinion after point 1 has passed, point 2 will definitely happen, just waiting for the right moment. So my advice is to prepare to buy at a low price when the market drops significantly later on

optimisticcm

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Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin

.

At this point of time i do not think it is wise to discuss bears qs this whole year is expected to be bullish not only for bitcoin but altcoins as well and all good projects will moon it is just a matter of time just stay positive.

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BTC is increasing and it seems BTC will not stop. There will be some effects on altcoins, but to tell the truth, the situation will not be the same for every altcoin. l mean BTC price increasing affects so good the price of ETH and maybe other top altcoins, about other projects it is not same. On the other hand l hope, altcoins season will happen in the near future, in my view, we should wait for this time. I wait for the lower BTC dominance over altcoins because all investors sell Bitcoin in order to invest more in altcoins. It is risky to buy high price altcoins but the risk will pay one day. Hope that day is closer than ever.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Bitcoin's dominance refusing to go below 60% and remaining there is a clear indication that the bulls are still pulling the strings and dictating the pace. It simply means that there is still room for upward movement. For me, until the dominance goes below that level of 60% the alts won't have any rally. It's even a good thing that some alts are mooning already even at a time Bitcoin is yet to slow down breaking fresh ATHs. 2021, from the look of things, will be a highly favourable year for cryptocurrency and this will surpass what happened in 2017 as more institutions are queuing up in Bitcoin patronage.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

1. Isn't it the altcoin season already for which we've seen that there are too many altcoins that are rising and reaching ATH just like Binance Coin?

2. Right. It is usually followed by a bear run but it seems we're not yet there.

What I think will happen is that we're not yet in the bear market but you can still make money from the drop and rise of bitcoin and with the correlation of altcoins on it.

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

Just like a few years ago, the story of bitcoin and its post-growth behavior is full of myths and legends. In my opinion, this time we will have a fascinating show with ups and downs until everything ends as it did in the past. This time we can see 50 thousand for one bitcoin even before the summer. The whole question is how to catch the moment and not be at the bottom of the market. Huh

Koutami

member

Activity: 155

Merit: 13

If you see the Btc.D chart in 4h timeframe, its still in down trend channel and im sure its gonna decrease more in several days.
Also altcoin are back to the accumulate session to gain strength to go up.
Im pretty sure we are gonna have altseason in several next weeks.

coinswebid

sr. member

Activity: 1092

Merit: 250

Quote from: valek.bruno on February 07, 2021, 03:04:38 PM

A "Double Top" has formed on the chart, which is a pattern that signals a trend change. Accordingly, the market can change the movement in a bearish direction. We also have cycles by which the market should turn into bearish.

"double top" in what chart mate ? because i don't see any double in the chart
i hope you will give a clear screenshot about the double top
by the way, for everyone don't be greedy

valek.bruno

full member

Activity: 728

Merit: 104

A "Double Top" has formed on the chart, which is a pattern that signals a trend change. Accordingly, the market can change the movement in a bearish direction. We also have cycles by which the market should turn into bearish.

pixie85

hero member

Activity: 2184

Merit: 531

Altcoins are doing fine but only the good ones. You should stop looking at the market as a whole and focus on the important projects.

I held ADA for a few years and this coin is doing great. ETH is good as well. I bought it 2 years ago when people were predicting that it would go lower.

At the same time I kept saying that XRP is shit and, behold, it doesn't follow the Bitcoin's bull market.

lumierre

full member

Activity: 862

Merit: 100

Bitcoin continues to grow in strength, and this can only mean that altcoins will go up. The crisis continues, large corporations need to look for alternative sources of investment. Therefore, the cryptocurrency will grow and develop, Bitcoin and Ethereum for sure.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

In two ways it could be because bitcoin has dominated the new ATH price and I believe this will happen in the next few days maybe $ 45-50k.
I only think that when the price continues to bull run, it is possible that the altcoin season will start. They will create a new ATH afterwards but basically we have to look at history like in 2017 there will be big bearish afterwards? This also needs to be corrected because this dominance will not be strong if the market is still influenced by a few people.
But I believe for now my self-confidence will be stronger so that it will last more.

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

I remember last time in 2017 we had not seen such a case. This time, the pump seems different from that one. However, even though BTC price is close to the ATH, the domination in compare is still in better position for altcoin. If I'm correct, during the ATH, BTC domination was around 70 almost.
I think after this pump, BTC will gradually fall and altcoin bull will get started.

ipanks

hero member

Activity: 1610

Merit: 507

It is a big moment for us as bitcoin prices become stronger this day. I think bitcoin will break $41k soon because the chart is at a green candle, so maybe in the next few hour or days, we will see the price increase to that price or even higher. The next ATH for bitcoin will happen soon, so you can prepare to sell your bitcoin at that high price. But be careful because the price can give another surprise to us. Many possibilities will happen to number 2, and we can see the price will increase more or it will go down as before, so we can wait for that.

Fesatmas

sr. member

Activity: 2268

Merit: 275

Quote from: Handsome Boy on February 06, 2021, 08:23:52 AM

then what do you think will happen? and if I personally hope point 1 will happen Grin

.

Maybe it is the choice that everyone will choose no 1 without you having to make a choice. because the desire to always be lucky is number 1, so I am even suspicious of people who insist on choosing No.2.
this is only hope, but when looking at the state of choice no 2 always comes true. Grin

sangkler11

full member

Activity: 406

Merit: 103

Currently the Altcoin dominance index is dropping hard! This is the time to get out of the alts, so take profit and get into BTC and USDT. If Bitcoin makes a new ATH it's likely that the altcoins will dump and that's we can buy more altcoins.
like you said the altseason will arrive soon.

Handsome Boy

copper member

Activity: 812

Merit: 12

I ❤ ₿itcoin and Ethereum

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin

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Topic: BTC Dominance increases again and what happened to altcoin? (Read 443 times)