Topic: May Altcoin have chance to rally even if Bitcoin dominance is below 70%? - page 2. (Read 567 times)
September 30, 2019, 10:06:54 AM
If and only BTC dominance would drop to 45-55 percent, altcoins would have space to increase their prices. Right now, altcoin season seems very optimistic for the nearest future, we need to recover from failed Bakkt launch first.
September 30, 2019, 09:58:44 AM
If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
There is always a opportunity. There are thousands of altcoins on the market and complying to BTC everytime is not possible. https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
Dozens of new coins enter the market every day, that will also increase the marketcap. The majority are in the hands of the BTC but there are still those who do not follow it and we can think that there are many.
September 30, 2019, 08:59:20 AM
If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
It would still be hard to determine in my opinion, also, maybe we are just used of seeing Bitcoin on top of other cryptos which gives some people assumptions that Bitcoin would still be able to remain on its place despite of the downfall that it is having at this moment. One thing for sure is advisable, simply, to hold both bitcoin and altcoins. Actually, I did not let go of my alts even if some of its prices are close to zero. The reason is simple, the market is way unpredictable and just maybe, there would be a chance that those tokens that we thought of being dead, will soon rise? Who knows? Alts are quite having a good time, if you know what I mean. Holdstill! https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
September 30, 2019, 08:54:19 AM
Investor still focus for trading and investing their money in bitcoin and altcoin still lower dominance than bitcoin, when altcoin dominance than bitcoin? maybe after bitcoin keep stable price and investor back to altcoin.
September 30, 2019, 08:50:54 AM
The market moves in cycles, everyone should know that by now.
High BTC dominance => Diversify in ALT's
Low BTC dominance => Go all in BTC.
Right now, the majority of the trading volume you see is wash trading. Even the bigger projects out there, is wash traded a LOT. Most investors is waiting for a confirmation of a market turn, which leaves the left of us alone.
A project like BlockNet isn't wash traded, but when you look at it as an investor, you'd be instantly turned off by the trading volume - When in reality, it's a great project with on-going development still.
Eventually the market is going to turn around, and those who bought low (now), will be rewarded hugely for doing so.
BTC is not a bad hold, it's the safest hold by far, but if you want to make the big money, you gotta consider the risk/reward scenario you're sitting in.
High BTC dominance => Diversify in ALT's
Low BTC dominance => Go all in BTC.
Right now, the majority of the trading volume you see is wash trading. Even the bigger projects out there, is wash traded a LOT. Most investors is waiting for a confirmation of a market turn, which leaves the left of us alone.
A project like BlockNet isn't wash traded, but when you look at it as an investor, you'd be instantly turned off by the trading volume - When in reality, it's a great project with on-going development still.
Eventually the market is going to turn around, and those who bought low (now), will be rewarded hugely for doing so.
BTC is not a bad hold, it's the safest hold by far, but if you want to make the big money, you gotta consider the risk/reward scenario you're sitting in.
September 30, 2019, 04:14:51 AM
Of course, every moment altcoin can increase. as it is now we know that the increase that occurs in some altcoins is precisely when bitcoin has a high dominance. we cannot fully guess the cryptocurrency market,we ourselves must be able to choose the right momentum when price movements occur
September 27, 2019, 04:46:39 PM
I don't see %70 is too high for btc. During the ATH, it was over %80 and halving is close, so don't stuck on any altcoins. Maybe a mini rally like 5-7 days, but not expect much. Except we will live a story like binance(bnb coin) had, which i don't see it possible until halving.
September 27, 2019, 03:37:36 AM
All we know that everything is possible here in crypto industry. In price positioning it is veryhard to tell and predict but I think time for altcoin will became even bitcoin dominance is below 70%. All we see the battle of bitcoin and altcoin from the past few years here in the crypto world. So it is not impossible that they continue their battle in price position.
That's true and I think it is exciting to happen in the near future. The best thing to do right now if we have enough money to invest then better to invest with bitcoin and altcoins, but of course make sure to just invest in altcoins with a good potential which I think the top 10 altcoins. September 26, 2019, 08:24:48 AM
All we know that everything is possible here in crypto industry. In price positioning it is veryhard to tell and predict but I think time for altcoin will be came even bitcoin dominance is below 70%. All we see the battle of bitcoin and altcoin from the past few years here in crypto world. So it is not impossible that they continue their battle in price position.
September 22, 2019, 12:57:18 AM
IMO. Old coins will need bitcoin's help to break the previous ATH they achieved during the alt season. New coins, on the other hand, have the potential to reach their ATH if btc doesn't fluctuate much.
BTW no one can take #1 position from btc lol
BTW no one can take #1 position from btc lol
September 22, 2019, 12:55:57 AM
I think that altcoins can grow with a decrease of Bitcoin dominance. For example, Ethereum is now demonstrating this well with his growing, despite the fact that Bitcoin is even getting a little cheaper.
September 22, 2019, 12:26:16 AM
With Btc dominance at 70%, it's unlikely for alts to have a rally alongside bitcoin but alts has been performing tremendously well of recent with Btc price stabilising a bit.
The damage has been done already. Many of the altcoins have lost as much as 50% or 60% of their value against Bitcoin during the last four months and a slight recovery of 5% or 10% might not help them in the long term. A lot of the users are still holding on to these coins hoping for a future recovery. If there is no improvement in the situation for the next 3 to 6 months, then they will also sell their coins and this will crash the prices even further.
September 21, 2019, 09:01:41 PM
Of course, altcoins will still grow. But it will not grow mass. Over the past few months a lot of altcoins have grown from the bottom
September 21, 2019, 08:59:59 PM
If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
The only altcoins that have a good chance are those on the top 10 for new coins in the market, I don't think it's going to happen, it's not yet the season for altcoins, they are sharing for the 13% shares of the market.
the best thing to do is to make the majority of your coins/tokens all in the top 10 coins in the market, make it 70 to 80%
of course, we have a desire to be one of the early bird of a new coin but it will be a very long wait if you have invested in a good new coin.
September 21, 2019, 08:59:35 PM
If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
70% is too high a dominance for Bitcoin. It is good for Bitcoin HODLers but definitely bad for the altcoins fans. If Bitcoin's dominance will fall to the 60% level, that is still going to be high if we what we wanted to see are strong waves of green from the altcoins. Bitcoin will have to settle down to around 50% dominance for a great deal of altcoin recovery. Even then, only strong altcoins will make gains. The shitcoins will remain shitcoins despite the increase of altcoin percentage of the total market value.
September 21, 2019, 07:35:58 PM
With Btc dominance at 70%, it's unlikely for alts to have a rally alongside bitcoin but alts has been performing tremendously well of recent with Btc price stabilising a bit.
We know it is really for Altcoins to make a move while Bitcoin price is still at a low. But we can't disclose any possibility that it will surprise us in the future since knowing that fact that some Altcoins maintaining its momentum and keeps rallying just like we've seen on BNB. But because of Bitcoin's market dominance, it only has a thin chance for altcoins to soar high more than a thing that Bitcoin can do. Altcoins still relying on BTC performance and dictating the market trends. However, altcoins are still in the struggles and causing some investors to become impatient and having some instances that they are selling the coins at cheap price leading into dumping more.
September 21, 2019, 06:58:57 PM
With Btc dominance at 70%, it's unlikely for alts to have a rally alongside bitcoin but alts has been performing tremendously well of recent with Btc price stabilising a bit.
September 21, 2019, 05:46:08 PM
BTC dominance is still way much, that aside, I think altcoin season is gradually creeping in. It usually starts by the market showing an uptrend with coins having big caps, then to the low caps. ETH and some other altcoins really impressed me, I made some gains from ETH in particular. Hoping to see more rise for altcoins and also BTC should just maintain a sideways movement for now and not dump further.
September 21, 2019, 05:37:42 PM
Most experts and analysts are already predicting a sideways kind of market for rest of the year but personally i would want a moving market that can easily show its trend and recover to previous high marks so atleast i want to see the biggest coins move positively so we end the year on a bright note and hopefully next year will bring us life changing bullish moves.
September 21, 2019, 03:49:23 PM
yes that's possible. as long as altcoins can withstand the pressure of bitcoin, they will be affected by the rally. bitcoin dominance reaches 70%, yes that is a scary thing. but as long as there isn't a fall I don't think that's too worrying.
Jump to: