Bitcoin has reclaimed the $10,000 level again and its dominance is now over 70%, this has keep many wonders when will Altcoin season begin. According to this report https://blog.icoalert.com/altcoins?utm_campaign=Subscribe%20to%20emails&utm_source=hs_email&utm_medium=email&utm_content=76385455&_hsenc=p2ANqtz-8Cw0PZU0cTd4URI-KHmj50DMzF1Pjtm3f8SldQ8Y5Ujzgsl2pqdADApHuSqranBYayiRPgjfH5LCRMpBN-AYo7-VVGSA&_hsmi=76385455 For awhile, altcoins were the best way to get that 50%+ gain in a day. However, that is no longer the case with the introduction of leveraged products. Now, a 10% move in bitcoin can easily translate to 100%+ move. A trader can get more returns trading BTC and large caps on margin than they would trading mid to low cap altcoins. As a result, margin trading has become the preferred method for retail traders to generate returns. Therefore, everyone dumps their alts to trade BTC on margin.
Would this paradigm chage any time soon or Bitcoin dominance will continue to erupt?
Topic: The Effects of Margin Trading on Altcoins (Read 149 times)
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