Topic: Money flowing out of BTC into Altcoins - page 6. (Read 1663 times)
Hold tight your bitcoin and don't be tempted to convert it to altcoins. Just use other money to trade altcoin and ensure to buy good ones and not Hypes that easily fade away.
We are not in altcoin season yet, its just moving to ethereum and doge and will be back to btc. Probably in Q3 and Q4 we will see another bullish on btc. Then after that we will see altcoin season and many big marketcap going parabolic.
After the altcoins catch up, it could be time for BTC again yet we are now seeing BTC pulled down. If both BTC and altcoins shoot to the moon later, we really cond see more users losing the chance for the ticket to ride.
Although we are seeing many altcoins had also experience bullrun, some are left stuck without moving. Investors today are getting wise not to buy just any coin all because they are old coins.
I mean there is nothing wrong with bitcoin having the same dominance at 75k+ price for example. If all other coins go up with it, then bitcoin could go up, altcoins would go up, and the dominance would stay the same right? I do not know if that would be possible, it would mean that there is a ton of money in the crypto world at that moment, too much money, too much stablecoins, all of which goes into all of the market and that would be like billions of dollars very easily.Although we are seeing many altcoins had also experience bullrun, some are left stuck without moving. Investors today are getting wise not to buy just any coin all because they are old coins.
So I am not sure if it is possible, I am not sure if it is easy, all I know is it is not going to be something that we can see right now, maybe if there is a huge news coming out from somewhere we could see that but that's about it. Long story short its possible, but I feel like if bitcoin goes up, fiat price of alts will stay the same or even go up a bit while bitcoin price of them will go down.
I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
That is why most people are diversifying their portfolio because there are obviously times where the market price of bitcoin is just sustained at a certain market price.
Having an investment into different altcoins that has different purpose is a good thing, there are some predictions that this could be the last bitcoin rally because at some point we could be entering the bear market.
History will repeat and investors are expecting the big drop for sure, so don't forget to take profit every time the altcoin you have is pumping so that you will have a stablecoin that you could used when the bear market comes.
Nobody knows when Bitcoin will leave its support and resistance corridor. As long as we move in the 52-62k range per coin, most of the top altcoins will show good growth. But the market is overheated and when the reversal begins, altcoins will fall in price much more rapidly and significantly.
It is so hard to predict what will happen, But if BTC keeps staying between 52-62k, that means top altcoins will increase as expected. l think BTC will not stay at this price for a long time, maybe it will change in the near future. However if it happens, as you above mentioned some cryptocurrencies will decrease again.As some money flow out of Bitcoin to the altcoins, many more new entrants are pushing more money into Bitcoin investment. Although the dominance of Bitcoin in Cryptocurrency world is diminishing, but Bitcoin still remains the Cryptocurrency leader and determines what happens in term of the prices of others.
Bitcoin dominance goes down after BTC hitting $60k price tag, the possibility of getting down is higher than increasing dominance percentage. Altcoins will fly to the moon like Dogecoin, but they need to draw the attention of many investors. The market likes competition and only strong altcoins will be able to hit ATH prices on the next bull market. There are no leaders, only profit matters for majority of investors at the end of the day.
As some money flow out of Bitcoin to the altcoins, many more new entrants are pushing more money into Bitcoin investment. Although the dominance of Bitcoin in Cryptocurrency world is diminishing, but Bitcoin still remains the Cryptocurrency leader and determines what happens in term of the prices of others.
I don't know why I don't understand the other calculation about cryptocurrency. OP think, money is flowing out of Bitcoin but everyday coinmarketcap value is increasing, but Bitcoin price is almost stable coin at 55-57k USD. Actually, investors are gathering in the cryptocurrency. Now investors' choices are altcoins.
Don't liquidate everything from Bitcoin. Bitcoin is starting to rebound already back to 60k slowly.
Giving a little bit to other altcoins could be good, but if I were you, I would still 100% stay in Bitcoin.
Giving a little bit to other altcoins could be good, but if I were you, I would still 100% stay in Bitcoin.
Bitcoin dominance is constantly decreasing and BNB and ETH are gaining in price tremendously. I think altcoins will take investment for a while. Later, the small volume coins will disappear and Bitcoin dominance will increase again. I think at least two more months will go well for altcoins.
Don't speculate too much at this point because market conditions can change suddenly so that what you are predicting at this time is not necessarily possible and in line as you say, because the dominance of a coin is not only seen in terms of price movements. 
Bitcoin dominance is constantly decreasing and BNB and ETH are gaining in price tremendously. I think altcoins will take investment for a while. Later, the small volume coins will disappear and Bitcoin dominance will increase again. I think at least two more months will go well for altcoins.
I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
Direct answer, chase altcoins until the fourth quarter. I don't have any Bitcoin on hold because Bitcoin season is almost over. Bitcoin will take dominance from the altcoins after this altcoins season. But you should also check the marketcap. Almost hits to 2.5T, which cap doesn't come out from Bitcoin dominance. Marketcap will help you to make a good decision. while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
Storing your bitcoins at this time is the best choice in my opinion, rather than turning to Altcoins but if you have a lot of funds to invest you can choose ETH or BNB, but don't let you reduce the number of bitcoins you have.
As a rule, the altcoin season provides a good opportunity to increase your number of bitcoins. While BTC is flat, the price of altcoins shows a large increase, calculated in the hundreds of percent. It remains to make the right choice and invest in such an altcoin, which in your opinion must necessarily increase in price. If you can't make the right choice, keep holding BTC.
I don't think this has reached the highest point of bitcoin. moreover bitcoin the demand for bitcoin and altcoin continues to increase. So, if you want to liquidate your bitcoins now and switch to altcoins, it's back to yourself. However, considering the popularity of the current altcoins such as ETH and BNB, to get more profit, you can just transfer your funds to these two coins.
If you choose a correct Altcoin, u can multiply your amount of Bitcoin ofcourse.
I suggest you take a look at EOS, the EOSBTC chart looks very nice especially if the weekly candle close above the trendline.
I suggest you take a look at EOS, the EOSBTC chart looks very nice especially if the weekly candle close above the trendline.
I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
I think Bitcoin will achieve the $100k new all time high this year so think twice before moving to altcoins. But if you insist why not make a 50/50 partition? 50% for Bitcoin and another 50% for altcoin just a diversification. while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
I think we could see a reversal soon & a lot of profits gained in alts could flow back into bitcoin.
Bitcoin has been consolidating in a tight range for a whole now, it usually means a breakout will happen soon. Alts have been pumping a lot, could soon be a time where clever investors move money back to bitcoin.
Bitcoin has been consolidating in a tight range for a whole now, it usually means a breakout will happen soon. Alts have been pumping a lot, could soon be a time where clever investors move money back to bitcoin.
After the altcoins catch up, it could be time for BTC again yet we are now seeing BTC pulled down. If both BTC and altcoins shoot to the moon later, we really cond see more users losing the chance for the ticket to ride.
Although we are seeing many altcoins had also experience bullrun, some are left stuck without moving. Investors today are getting wise not to buy just any coin all because they are old coins.
I think we could see a reversal soon & a lot of profits gained in alts could flow back into bitcoin.
Bitcoin has been consolidating in a tight range for a whole now, it usually means a breakout will happen soon. Alts have been pumping a lot, could soon be a time where clever investors move money back to bitcoin.
Bitcoin has been consolidating in a tight range for a whole now, it usually means a breakout will happen soon. Alts have been pumping a lot, could soon be a time where clever investors move money back to bitcoin.
Storing your bitcoins at this time is the best choice in my opinion, rather than turning to Altcoins but if you have a lot of funds to invest you can choose ETH or BNB, but don't let you reduce the number of bitcoins you have.
I think its time for altcoins now. So now it would be wise to convert Bitcoin to Altcoin like ETH, BNB. Bitcoin first settles within a certain range by pumping it alone. Now various altcoins are pumping. Bitcoins may not pump more until major altcoins are pumped to a certain level.
Storing your bitcoins at this time is the best choice in my opinion, rather than turning to Altcoins but if you have a lot of funds to invest you can choose ETH or BNB, but don't let you reduce the number of bitcoins you have.
Nobody knows when Bitcoin will leave its support and resistance corridor. As long as we move in the 52-62k range per coin, most of the top altcoins will show good growth. But the market is overheated and when the reversal begins, altcoins will fall in price much more rapidly and significantly.
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