Topic: Money flowing out of BTC into Altcoins - page 9. (Read 1663 times)

Op, if you want to assess whether altcoins are getting more attention than Bitcoin and where the money's flowing within the crypto market, I think you should look into BTC dominance charts. For instance, you can view it along with the dominance of major altcoins on Coingecko: https://www.coingecko.com/en/global_charts. As we can see there, Bitcoin's dominance is quite low these days, and it's actually lower that I expected it to fall tbh, but you can also see that it's largely Ethereum that's gaining this dominance, moving from 11% out of total crypto market capitalization to 16.5% in May. BCH also gained dominance considerably, and so did the altcoin market (top alts with separate charts for them excluded), going from 25% to 36% over the same period of time. I think the altcoin market is going pretty well, so diversifying holdings is probably a reasonable strategy for now.

Altcoins are nothing without bitcoin. I believe there isn't altcoin seasons without bitcoin pushing crypto market up on the frontline. If bitcoin doesn't do well, altcoins won't show any positive results too. So bitcoin between 55,000$-60,000$ isn't a weakness signal, but a signal it is fighting to keep the price and make the corrections smooth as possible for investors, avoiding a deep bear market and preparing for a new ATH.
Once this happens, you can be sure altcoins will be fully benefited. Although it might be called altcoins' season, the real cause is bitcoin.

If you are paying all attention to the altcoin then you will be regret. Diversify your attention on multiple choices, not stick just something single. Bitcoin dominance are decreasing, but if bitcoin rally starts alts will fall drastically. I am bullish on Bitcoin and i'm buying more. It's an ideal opportunity to expand your holding, not just throw your money into the shit. It's undeniable cash flowing out and flowing in however never get tricked that's how you can survive.

keep your btc because there is a possibility btc still have more surprises to show, if you can then use a spare cash to buy few alts just incase the altseason kick into full swing, even though the price of btc is a bit steady for now anything can still happen.

It would be better if you maintain your bitcoins, don't run to altcoins, but if you have more funds,
please look for the best altcoins, and don't reduce the bitcoins you already have.

I wouldn't do that. I'm still bullish for bitcoin and if ever the money is already flowing in altcoins, it will come again to btc. The dominance of btc is quite low compared a few months ago yet bitcoin is still at a higher price. The tendency of bitcoin coming back to its former dominance will happen again.
But if you're too quick and having the less patience right now and you want to get into alts and selling your bitcoin, that is your choice.

In DEC 2017 BTC crashed hard (-70% in 2 months) when alt season started and every shitcoin was going up like crazy. Last week of alt season coins were doing 100-200% daily candles. Now BTC holds strong for 2 months. While alts are going to moon but not as fast (%) as it was in the end of alt season 2017. My guess is that its not the best idea to estimate future based on patters that repeated 0 times (huge BTC bubble together with massive amount of new coins from ICO happened 1 so far so n=0 - the number of repetitions). My guess is that this bubble is different than previous one. Fundamentals of this pump is different, global economic situation, reason to invest in BTC is different than it was in 2017 bubble (a different paradigm).

I'm happy that I sow this thread because it confirms my assumptions. And my assumptions are that this is middle cycle consolidation for BTC while we see alt season just to make people dump their BTC to chase massive ALT gains. Why is selling now? Those who chase ALTS, those whose plan was to reduce position at 50k range, those who are bored of long consolidation, those who doubt in cycle continuation. Who buys? For sure not lambo guys (those guys are chasing altcoins), for sure not tik-tkers and all crypo newbies (those are chasing dogecoin). Whats left? Institutions, big players.
I'm slowly reducing my alt bags filling BTC bag. When btc will break 60-70k it will jump to 90k instantly sucking all money from market. Alts will dump hard (at least compared to BTC)

We are talking about a lot of money moved from Bitcoin to altcoins. Dominance levels fell from 70% to bellow 50% and maybe will visit those lows of the beginning of 2018.
It could be signaling the end of the bull run too. It lasts for more than two years now, with the first year being very slow and an accumulation phase, but later especially after the halving everything started pumping.
It is also dangerous times for long term investments and I suggest to be more about short term and trading. Very high speculation levels and too much greed, fomo and hype.

BTC always gaining or recovering its dominance back once altcoin season is over and altcoin bearish come, the problem with altcoin as of today are how the investors are just temporarily there and don't have any intention to invest in most of altcoin for long except for the major altcoins or atleast those altcoins that have promising future.
As i observed many of the capital also flowing to BSC to fund those rather low quality projects where they could rugpull anytime and I honestly don't think they could be sustainable for long term.

Never liquidate everything, diversify.
Buy the top coins in steps and hold them patiently for a long time. No one is sure of what will happen, so the best strategy for alts is to have a small part of everything you can trust on. BTC, ETH, and USDT should be a high % in your total portfolio.

The BTC dominance right now is at 44.3%, which might come down to 40% before moving up.

IMO it's too risky for you to liquidate your bitcoin to get into the altcoin. So many altcoins already reached their peak price and you are only taking a very big risk by converting your bitcoin to the altcoin. Why didn't you use a small amount to get some altcoins? this is far better than try to all in altcoins.
Altcoins are full of pump and dump and I think that you know this so well dude. Think again. You should never put your bitcoin at the risk. Bitcoin was not yet reaching its peak price.

I would advise you to keep the bitcoins, altcoins and stablecoins in your investment portfolio.
And I would hold some of the Top 30 coins with a 10-year perspective.
I came up with forecasts for bitcoin from 70,000 to 150,000 dollars in this rally, but if you find a coin whose price can rise 3 times or more, then you can invest.

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.