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Title: Bitcoin back to %43 dominance, altcoins down Post by: pereira4 on June 29, 2018, 02:40:13 PM https://coinmarketcap.com/charts/#dominance-percentage
Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years. Title: Re: Bitcoin back to %43 dominance, altcoins down Post by: CuriousGeorge on June 29, 2018, 03:33:56 PM https://coinmarketcap.com/charts/#dominance-percentage When we are facing a bearish trend and then the majority of altcoin holders are converting their altcoin to the bitcoin, if we will be facing another bullish trend and they are repurchasing their altcoin again. Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years. I'm not getting any surprise for that becuase this is an old scenario. Title: Re: Bitcoin back to %43 dominance, altcoins down Post by: pereira4 on June 29, 2018, 04:37:09 PM https://coinmarketcap.com/charts/#dominance-percentage When we are facing a bearish trend and then the majority of altcoin holders are converting their altcoin to the bitcoin, if we will be facing another bullish trend and they are repurchasing their altcoin again. Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years. I'm not getting any surprise for that becuase this is an old scenario. Well, I have heard that story both ways: 1) "When bitcoin goes down, people sell their altcoins for bitcoin" and 2) "When bitcoin goes up, people sell their altcoins for bitcoin" I have seen both scenarios play out, sometimes they apply and sometimes they don't. Title: Re: Bitcoin back to %43 dominance, altcoins down Post by: dunfida on June 29, 2018, 05:14:15 PM https://coinmarketcap.com/charts/#dominance-percentage 100% would only just a dream or wont possible.Even we do say that altcoins are shit but there would be always a market share for them but only for those coins who do have innovation and real potential like ETH and some of them are on included on top 10. 80% is considerable but people would not stick to BTC for sure.There would be always a diversification into other coins as well. Dominance is good but basing on what we are seeing.Its an another bloody weekend for all of us crypto enthusiast.Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years. Title: Re: Bitcoin back to %43 dominance, altcoins down Post by: AK47- on June 29, 2018, 05:18:58 PM https://coinmarketcap.com/charts/#dominance-percentage I think in short term, diversifying in altcoins can earn you higher ROI in less time. BTC dominance is indeed increasing but is highly unlikely for BTC to cross 50% dominance now. It is a truth that staying in BTC is less risky than altcoins because 95% are shit coins and will not survive in long run. but they also have the potential to give higher ROI in short term. So for the people looking for short term profit, they can go for altcoins equally. Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years. Title: Re: Bitcoin back to %43 dominance, altcoins down Post by: ashmodeus on June 29, 2018, 05:21:46 PM https://coinmarketcap.com/charts/#dominance-percentage When we are facing a bearish trend and then the majority of altcoin holders are converting their altcoin to the bitcoin, if we will be facing another bullish trend and they are repurchasing their altcoin again. Not surprisingly enough, looks like altcoins lose dominance in times of uncertainty witih Bitcoin. So even if Bitcoin loses value against USD, it wins value against altcoins. This proves that when the shitcoin bubble pops, it's going to bring Bitcoin back to 80% average dominance (where it belongs). Very few altcoins are worth the risk of diversification hoping for some BTC gains, so if you can afford low risk, just say 100% on BTC, and things will sort itselves in the next 3 years. I'm not getting any surprise for that becuase this is an old scenario. Well, I have heard that story both ways: 1) "When bitcoin goes down, people sell their altcoins for bitcoin" and 2) "When bitcoin goes up, people sell their altcoins for bitcoin" I have seen both scenarios play out, sometimes they apply and sometimes they don't. well, on this situation right now, i cant think the scenarios will going well i just tethered for like this situation, |