Bitcoin Forum

What's the lowest do you guys think BTC dominance will touch down to? 50% or lower?

Questions:

- Once btc rallies to next leg up to $70k then will that mean btc dominance will recover and from there will alts go sideways or go down in price?

- Once btc stops at $70k and go sideways between $60-70k like it is doing now between $50-60k then will btc lose dominance and its alt season again for another month or longer right till btc takes the next leg up to $80k right?

- If everyone expects btc to top $100k in this bull market then from my calculations if bitcoin is doing this every $10k leg up predictable pattern that is every $10k leg up for btc then it goes sideways for a month or so then we have remaining 3-4 alt seasons left in this year before everything crashes into the new following bear market right?

Why is it becoming so predictable like this pattern described above  ??? But easy predictability means more money making yeah  8)

The BTC PI cycle is scary presently, this means the bull season might be over in two days from now, if you don't know what that is I suggest you look into it using google search engine, Charts don't lie.

It can and the trend is supported by the altcoin season. Old altcoins recover from bottom prices and new altcoins are on the rocket booster to the Moon.
Investors see new projects are promising and they are readily to hop on the hype train.

Altcoin season will help altcoins to rise and bitcoin rises or corrections don't affect it too much.

Altcoins will have more increases if bitcoin has a side way price channel for a few weeks. Sudden break out of bitcoin can keep altcoins halt their growth in BTC price.

You can see this year as a year for altcoins. They move up, correct and move up again. Higher highs after corrections before the bear finds the market.

Right now, I am not at all worried about the Bitcoin dominance. I have seen shitcoins such as DOGE increasing in prices by 25x or 30x, and a large part of the increase in altcoin market share comes from these coins. Take my word. Only 10-15 altcoins have any real life usage (such as ETH, DOT and BNB) and the remaining are just going up due to hype. When they crash, they will lose 95% to 99% of their value (similar to what happened in 2018).

Speculatively, with the influx of institutional investors, prolly we wouldn't go too low, that's if it's going to go low at all, I'm not forgetting the volatility of the network, but my argument is, with the sort of investment coming into the BTC network left, right and center, we prolly may have gone past spontaneous fall in price.
Bitcoin's dominance was never in doubt, so it's not going to 'recover' it's dominance, rather it's going to continue to establish it, as for altcoins, speculatively I don't think they'll go down in price, rather they'll also see some appreciation in price as Bitcoin keeps up it's move to $100k.
I don't think it's become any easy, all of the predictions are still just but speculations, even if users study historical price movements, it's still not guaranteed that a shift from that pattern isn't possible, the network isn't in the control of any single entity, thus unexpected changes can happen anytime.

Personally, I believe that Bitcoin is losing dominance from looking at market data. The figure has been dropping  from over 65% a few  months ago to around 53% at the moment. A reduced dominance is a sure sign that investors are taking profit already from their investments and investing such profits elsewhere, alts inclusive. So, once Bitcoin dominance begins to decrease it's a harbinger for alts to moon. Expectedly, this is what the entire crypto community is looking forward to — for alts to moon. However, I have discovered that despite the decreased dominance Bitcoin price has not crashed as it should've been.

BTC is currently not interesting for me anymore since alt price surged up. According some stats, BTC is overpriced compared to the rest of the market. I personally believe that money is now also flowing into alt coins, price of BTC can still go up but generally my eyes put on the current potential alt coin. Load your bags, take profits. Nowhere near the endgame yet.

We all know that btc dominance will recover as soon as it will start his way to 70k

Footing the information provided by market capital Bitcoin dominance is currently 54.10% and in the last previous halving market Bitcoin dominance dump to about 45% if I could remember correctly so I don't expect it to go below 40% dominance level.



We're dealing in a volatile market and it hard to tell the momentum of the market price since every thing I determine by the level of market demand and supply but it Bitcoin shoot up some altcoins will allow it to trend while some will be caught off guard.

Btcd was once bump into 35% back dated during 2017, many are so worried, there is hardfork coming for bitcoin, and segwit, the panic has sent the btcd to lower and lower, but once the tide settled, btcd recover to the top again, you wouldn’t see that coming today.

Just another day for pump and dump schemes, mate.
Many of the shitcoins that you can think of ain't gonna last once BTC corrects a bit in price. :)

Hard to predict, but I would say it will likely follow Bitcoin's patter, so another bull run cycle for majority of the top alts.


It's possible as well, but we all know how the market works, very volatile, as far as dominance, will remain the same, but I would rather see it in the 50% range.


Again, as Bitcoin's narrative has change, so is the fundamental price movement, so meaning, it could happen, what's important is that altcoin is also having a good bull run, almost all of the top 10 coins have achieved their all time high already and then some.

In 2017, bitcoin's dominance is at 43% during its peaked in December and yet it reaches all time highs.


Obviously, bitcoin won't sustained this kind of explosive growth, sooner or later it will have to slow down.


When alts stops it p&d and investors playing along with suddenly shift to bitcoin. Wait till dogecoin crashes, for sure the money profited will go back to bitcoin again.

Bitcoin price already reaches $64k and the price now crash and go down to $54k, while that is the impact to the altcoin price.

Bitcoin is not yet hit $70k but the price is down now, so I guess this is another correction that happens many times. But this time, the correction comes too deep. The altcoin season will come again, especially if bitcoin correction is end temporary or bitcoin get sideways. The price will be back to $60k, and maybe that will range between $54k-$62k.

We can expect the bitcoin top price will be at $100k but we need to know that bitcoin can reach any high price later, and that still mystery for us. I think bitcoin dominance still high, following what happened to bitcoin so far. Bitcoin already hit $62k and that is the highest price of bitcoin price for a while and we do not know if the price can hit another highest price in the future but we all sure about that. This correction will end soon, and the money will go still to bitcoin and altcoin.

Ethereum may take away quite a bit of Bitcoin's dominance over time as there is an infinite number of potential applications that could be built on Ethereum and that then will suck capital into the network.

It can go well under 50% I think, but that doesn't mean all too much. It can still increase in price, just not as much as other coins in relative terms and hence dominance decreases while price increases.

Currently Bitcoin is under correction and Altcoins are also following it except for Dogecoin, so if you say that more money has flowed into Altcoins than to Bitcoin, Altcoins should not experience a decline like they are today.

This recent dump changed charts too hard to make any analysis

This time BTC Dominance is going down continue and All alt coins depend on BTC Dominance and we can see that Alt are going up and we can more improvement in alt coins If the btc dominance goes down.

The weak down today is important to help Bitcoin has a shake on all weak hands. The less people hold bitcoin, use margin trades with hope to see bitcoin price at $70,000 are all done. From now on, the barrier for Bitcoin to move higher is smaller. It will do help BTC in the long run. Correction is to help bitcoin setting up a new all time high.

BTC dominance will be decreased more in this year for altcoin bull run. The bull phase of market gives scammers easy time to steal money from investors. They create more new projects that account for new big part in marketcap. BTC dominance will fall more.

That is the outcome that everyone wants. But so far in the last couple of months, a lot of coins and tokens have increased by 5x or 7x. Some pessimists even believe that the bull run stops here. Personally, I don't think we're gonna end here. A number of coins surpassed old ATHs and achieved new ones, while many others didn't. A new ATH of bitcoin will make the whole market happy. This week's candle is very important.

I don't think that we'll see a drop in dominance similar to the one that happened in 2017. BTC dominance was 33% at its lowest point, but that was during the altcoin boom when people had high hopes and a lot of excitement about new tokens. I think way more people realized over the years how useless the vast majority of tokens are and that only some deserve some attention, but that Bitcoin is undoubtedly #1. The dominance might fall a little under 50%, but it will probably largely stay between 50% and 60%. The reason I think so is that there was a huge drop of Bitcoin dominance in 2017 prior to Bitcoin reaching its ATH, and we haven't seen anything similar going on this time. BTC dominance stayed above 50% since the end of 2018, so I don't see why this would suddenly change now.

Bitcoin dominance cannot fall more than 50%.

it could be because every bitcoin rallies, it will move against it. So I'm sure altcoins will decline initially, but when the btc price stabilizes the altcoins will recover and slowly go up


if it could be that easy, but in reality it is very difficult to make a profit even though the market is bull. You know what FOMO is, and a lot of people get stuck on this. they predict the price can still be good, but in fact they are buying at the top.

everyone can see how bitcoin is attracting bigger investment. even now governments in several countries have also begun to be interested in bitcoin and crypto.
most beginners must be confused by the increase that occurred in bitcoin.
how did the crypto market get such a huge demand? I guess what crypto has is not what other investment market assets have.

now the correction is taking place after bitcoin's strong pump. and some of the people who don't know the crypto market must be laughing and saying "it all turned out to be a scam"

It is possible, and that seems not hopeless as the market shows some indication that Bitcoin price will reach that amount. The only problem is that we never know when. Well, patience is a virtue, and those who believe that are willing to wait.

Anyway, we are not sure what could be the trend to follow. We can't simply ignore the possible dumps and pumps along with the market FOMO and FUDs. With all these circumstances, we cannot expect that the market will seem to be the same as before but rather to expect differently.  

It will be halted for a while if a bomb appears as the global economy collapses. After massive generous QEs, it will have to cause troubles for nations and global economy. When sort of news is released, it will cause a short term panic on all market like what we witnessed in March 2020.

In the long run, it will be a boost for crypto market especially Bitcoin. Is bitcoin created as an alternative for people to escape bailout for banks
The final Bitcoin halving block had a secret message (https://decrypt.co/28508/the-final-bitcoin-halving-block-had-a-secret-message)

Genesis block message: Block 0 (https://blockchair.com/bitcoin/block/0)

Latest halving block (in April 2020): Block 629999 (https://blockchair.com/bitcoin/block/629999)

All this really decides about how long the rally in crypto may or may not continue. If they can achieve some success with their QE, some money that went into crypto maybe taken off the table as profits and put back into alternatives like stocks and other assets. If enough people understand that the economy is at risk because of all that magic money printed on a daily basis, cryptocurrencies will sustain their run for a while.

Double-edged sword so to say: should we hope that the economy collapses? :D

In 2018, we saw bitcoin's dominance decline to 38%. What reasons can prevent the BTC dominance from dropping to such a value? Recently, the dominance of bitcoin has already decreased from 70% to today's 51%. And this decline continues, which gives hope for an increase in price growth for altcoins.

Lol. Do you even know what Bitcoin dominance means? Why do you think Bitcoin dominance cannot fall below 50%?

Bitcoin dominance is always moving up and down. There is nothing surprising about it if Bitcoin dominance will fall below 20%. Sometimes the altcoins are bullish that crypto funds are moving toward them rather than toward Bitcoin. And then time will come when the funds will get into Bitcoin from altcoins and that's the time Bitcoin bulls come, resulting to a higher dominance. It is just a cycle.

I believe that there will be no proper explanation available to enlighten us why bitcoin dominance cannot fall below 50%; when there are more number of new altcoins and tokens are being created each and every day and old coins and tokens are continuously being pumped, how we can expect that bitcoin dominance to stay at same level and cannot fall below 50%.

In my opinion bitcoin dominance is just another metric like marketcap without any scientific approach. These are mere numbers that can be used only for up to the level of comparison and nothing else.

That only if you are controlling the market but unfortunately, you're not and nobody else. It comes to say and think that easy but ever since only a lucky person closely correct to his/her prediction. We are standing still below $70k, $100k is quite close to it but not to wonder what it never go that reach so easy as we can't stop and direct the market to stay on the rally rather than seeing some of the dump to come out.

Nothing has change and the market remain unpredictable.

Bitcoin dominance is useful in a way. It could somehow be used as a gauge on how altcoins are playing their role in the bigger cryptocurrency environment. Bitcoin dominance could also tell us how investments in crypto are being distributed. In other words, we could make hypotheses and theories out of its rise and fall. However, there seems to be no reason why it should always stay at least 50%. In fact, it has already fallen lower than that countless of times.

Market cap tells us a lot about the growth of a coin.

Man Bitcoin dominance is taking a dump :o

Btc price is dumping too.

But btc dumping is not dragging alts down too indicating altcoins will be better than bitcoin for the time being.

When you guys think btc dominance will recover cause that's the best time to sell alts before btc dominance recovers and continues its bull run to 100k?

If btc crashes to 20k the only way to get btc back on bull market track to 100k from 20k is btc dominance recovering to like 90%+ correct?

Bitcoin has been kind of really weak these days, just look at the chart we have right now it is becoming something else and is no longer the bullish chart that we have been seeing for months before now. When I checked the chart today, I started with five days chart and it was on the red mark and over to the one month and the market was the same. It is just going down.

Although around last week we saw something like this where the market tried to go down and after dropping low to $54k it later moved again up to $56k. So we don’t know what it will be this time, it can still get back up again.

I'm not sure if btc will crash to $20k, although we are now closer to $50k again and all the market is bleeding. For the time being? I would say btc is still a good hedge as compare to altcoins because of the volatility. Dominance though is still above 50%, indicating that bitcoin is still somewhat the main driving force. It is goes down, everything goes down, that's the control bitcoin has over the market.

Isn't it below 50% now?

I agree, experts are very sure it is important to look at Bitcoin dominance

Most experts expect it to be like it was last time few years ago, when Bitcoin dominance was at 35%, which is already really, really low and would mean huge gainz for many alt coins. But we need to know also: since few years ago, we have many new alt coins more and as a result, it could mean a lower Bitcoin dominance or not so much price increase per coin because all money will be distributed to more coins.

No one will know for sure how deep bitcoin price will go down. People can only predict if bitcoin will crash to $20k or stay at a price now and not go down too deep. Bitcoin dominance is still high, and bitcoin's demand is good until now and we already saw that bitcoin has the power to lift the price and back to above $50k. But we admitted that the downtrend yesterday makes many people worry if the price will go down for more.

Today, bitcoin's dominance has dropped below 50%. The last time the BTC dominance was at this level was 2 years ago, in April 2019. If the altcoin season continues, BTC's dominance should continue to decline, at the end of which the market will obviously turn bearish.

How many altcoins where there in total according to coinmarketcap back in 2017? 2000 alts?

How many alts now? 9000?

So your logic is even though btc dominace drops to record low like 30% or even 25% it is still btc king because 25-30% monopoly of the 9000+ alt crypto market now is still a huge success right for bitcoin?

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You mean bearish for bitcoin or bearish for alts?

What I notice is when btc dominance is low and at that moment if btc crashes then it doesn't drag down alts too like it use to so its like btc and alts are not correlated any more in price.

Just look at Ethereum now, still classed as an altcoin. Its chart looks like its independent now (not correlated to anything) and will rise or fall regardless of what bitcoin's price does.



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Your prediction seems practical but I guess it needs another one month of time to happen. Right now, bitcoin markets got stuck within 50k leg and also losing dominance in total crypto marketcap. Probably $60k to $70k leg may happen in May month along with significant improvement in bitcoin dominance in total crypto marketcap. As of now, bitcoin remains stagnant and altcoins dominate.

Honestly I'm not following bitcoin dominance metric as I'm not giving any importance for it in my technical analysis. I am comfortable without considering it to generate accurate signals for my trading.

We never know what future will bring, but with how the market is moving I also see that

the possibilities is really high, some break for Bitcoin then Alts will move then bounce for

Bitcoin and we will see another try to hype for much higher value. It's all about trusting your

assessment, your money your call..

That's what it seems atm, Bitcoin has been doing pretty bad in the past couple of days, in sharp contrast to altcoins like Ethereum for example that have been doing somewhat good, I'd not say alts and Bitcoin are no longer connected, and prolly this scenario has to occur for quite a while before we can lay claim to that, Bitcoin's dominance in the next few weeks will determine a lot for the crypto network.

What i cannot understand is why is this a big deal now, there are thousands of coins and tokens in the market and if bitcoin is keeping a 50% dominance is because the rest of the market are just name sake considering the number of coins in existence. We have to let go of the obsession of the dominance if you are looking for the rest of the coins to rally as well. In the past i did care about the bitcoin dominance but now a days i rarely bother about that.

When bitcoin becomes too low on dominance that means bitcoin price is not doing good, and when bitcoin price is not doing too good, the price of alts will go down as well. It is not something that people do knowingly, it is just how the market works.

First people end up buying bitcoin, which increases price of bitcoin, they people keep buying more and more and more bitcoin which increases the price of bitcoin so much that it reaches insane levels, last year price reached as low as 4k in march, it was peaked at 64k this year, that is 16 times increase and that is what made people start putting money into bitcoin, that happened just a month ago or so which dropped the bitcoin dominance. At the end of the day we are talking about people who thinking bitcoin may not go up too much anymore and chasing 3x 5x 10x type profits from alts, when they can't make that and when they go back to bitcoin, if they stay there everything is nice, if they do not then there is a problem.

BTC dominance is now below 50%, this is now the start of the altcoins market, bitcoin is only fluctuating and it's not anymore creating a new ATH, this is the time where investors will transfer their money to altcoins as it's more profitable at the moment. As long as bitcoin will not dump, altcoins would continue to rise and that is the beauty of the altcoins season.

You contradict yourself. When people transfer their money from bitcoin to altcoins then bitcoin will dump, right? But, you need at the same time bitcoin will not dump so that altcoins will continue to increase, how it will be possible?

Honestly I never consider bitcoin dominance as a significant factor for investing into altcoins or for shorting bitcoins. I just do both of them after spending long hours in my technical part alone. When we are good in technical analysis then we can simply ignore bitcoin dominance kind of non-significant comparing metrics.

It's been just 2 weeks since the last ATH and the one before that was in March. I don't think this is a valid point for assessment.

BTC dominance represents the level of global Bitcoin market demand, this is often used as a reference to determine market trends. As you explained, in general, if BTCd drops <50% then there is a chance that altcoins will increase in value.
But we need to know, the market often moves with a certain rhythm: BTC prices increase followed by altcoins, BTC prices fall and altcoins rise, BTC prices fall and drag the altcoins, BTC prices tend to be flat as well as altcoins.
whatever it is, we must be prepared to face every possibility, take advantage of the opportunities that exist as well as possible.

Being a leader or I should say the father of cryptocurrencies, bitcoin has dominated all other cryptocurrencies since the beginning. However, with the surge in the interest of other currencies, there is an increase in investments in altcoins. In the month of Jan 2021, the dominance was more than 70% and today while writing this post, it is at 49.50%(https://in.tradingview.com/symbols/CRYPTOCAP-BTC.D/). I hope as BTC price will increase, dominance will increase again.

I do think that the high price doesn't really determine the amount of bitcoin dominance because other coins too will rise in value just like bitcoin. For making example, Ethereum too has its own dominance, likewise bnb. So all of them have little percentage of dominance they have in the market. Therefore, if bitcoin increase to $70k, the dominance may rise or still be in same position because others too could rise in dominance or fall, so it depends.

This is to confirm the altcoin season since Bitcoin stabilize on a good price for now and many altcoins are rising unexpectedly. The so called shitcoins are now rising and making a lot of money for the scalpers, if Bitcoin dominance continues to fall or to stay on this level for now, the altcoins season will become stronger so better to hold more good altcoins now since ATH with altcoins is still possible.

I don't think it will go far below 50%
This dip is temporary as people are trying to realize their gains from the bitcoin's bull run, hoping altcoins will go up more and Bitcoin will turn into a bear market.

2 things that can happen now is:
bitcoin will go up and people will dump some of their altcoin holdings to join another wave of the bull run
bitcoin will crash to 50% of its ath and altcoins will crash with it

You can see where some of the BItcoin went by watching the dominance charts.
While BItcoin fell below 50% ETH, XRP and BNB gained some points.

It's not clear when Bitcoin's dominance is heading to next because even though it took serious beatings and fell from 77 to around 51-55 at the moment, people on and outside the forum think that altseason is just getting started or hasn't started yet. If that is true, that means the dominance would break the long time support of 45 - 50. Bitcoin has been on top for a very long time, and I don't think it would lose that spot anytime soon.

We've always had btc dominance in the cryptocurrency space, I believe it's expanding due to the bull run and the fact that altcoin is also increasing should bring the dominance to a halt, but that doesn't seem to happen. The bull run of this season has lasted for quite a while now and it could bring about some chances for some thing different in the market.

i've check current bitcoin dominance and now its sitting on 48,3% so in my opinion it will be altcoin season . eth and binance already start it with current all time high and maybe another coins will do the same too. looks like now bitcoin move parallelly with altcoin , no more contra movement from altcoin to bitcoin.

When we consider the recent bitcoin movements, we can say that we are slowly transitioning to the altcoin season. Bitcoin now seems stable.

At this time market and specially butcoin price is ep volatile and everything can be happen in two days. Most worry thing is that btc dominance decreasing day by day but its price is almkst stable. This can dump the while market at a time.

no more panic sell on altcoin market when bitcoin price dump.many altcoin already hit the bottom and if they follow bitcoin price it just correction to find new support and ready to bounce. 51347 will be they key for bitcoin price, is it strong support so make it bounce and followed by altcoin to create mega bullish ? we hope it come true.

The market still in Bullrun, both Bitcoin, and altcoins. And as the momentum keeps looking like that, I'd even more positive that it rallies more and stay longer more than what we expecting.
We have a short pump in the past few days, people are to think about the end of the bull season and taking the chance to invest in altcoins but we are wrong. In fact, we even see the Bitcoin dominance rally back high. We have been tested several times and yet, we are still strong and getting stronger.

The dominance will vary over time. When Bitcoin increases its dominance will increase and afterwards comes a time where Bitcoin holders take there Bitcoin and invest them into alts. Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.

Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.

Bitcoin dominance of less than 50% means that we are entering the overhyped territory in cryptocurrency market. Given the current user base, adoption and acceptance, the fair market share expectation for Bitcoin should be around 80%, and that for altcoins should be around 20%. The current spike in altcoins is caused purely as a result of speculation. Because of the hype, many of the useless shitcoins are also having valuations of tens of billions of USD, which is not sustainable in the long run.

As of the moment the bitcoin dominance is already below 50% and I guess that it can go down until 45%. With the bitcoin dominance dropping is a good sign for us to shift to altcoins because I can feel that we are now near to the alt season.

i believe also. Because when bitcoin is increasing dominance there are some alt coins that falling afterwards, but not the entire alternative coin in the market FYI, wherein as the matter of fact there are also that doing the same reactions with bitcoin ,  Actually mostly traders using this technique when choosing a coin to trade and its useful in my opinion..

Some say this bull run will be a bit different than the one in 2017 tho.
They call it a slow burner, meaning it will last longer, probably for another 9 months, but the price oscillation will not be as big as the previous one

Good news for people who are also engaged with alts investment, the dominating factors of Bitcoin is now much lesser

meaning that Alts are also gaining attentions from investors,  the sideways though are just another test and seeing the

current movement the chance that it may bounce back to $60K level is very possible.


Like what we are talking above, the dominance is much lesser and for crypto investors who also eyeing for good and solid

alt project, diverting some of your money to your chosen asset is also profitable.

If that indication is true, then almost 60% good Altcoins are good to buy at this point, just afraid that later the indication will be wrong so that many people will suffer losses before the Alt season starts.

Very interestingly, Bitcoin dominance is still continuing to drop down. It's dropped to %48.0. I really wonder what's the reason behind this huge decrease? Because the price is still at a decent level.

bitcoin price is still $54,000 decrease 10% comparing to the mid of this month. I also think bitcoin is less dominated now, I like to see altcoins has more power in crypto market. As the price of Bitcoin stagnates now, funds will begin to flow from Bitcoin to ethereum, then further down into the rest of the crypto market.

The decline in the dominance of bitcoin means that investors are beginning fixed to  profits from the sale of BTC and invest the funds received in altcoins. For this reason, we see that the price of ETH relative to BTC has increased by 40% over the past month. And this is just the beginning of the altcoin season.

Your prediction is definitely wrong @poster, I dont have to prove it to you but I believe time will be in a better position to prove this to you, so when time comes, we all know, in as much as to you, it sounds like you prediction is correct, don't take your word for it cus the crypto market is still very much unpredictable, things can change in a matter of seconds.
And speaking of bitcoin dominance, I don't know about other people's opinions but personally, I know that the lower bitcoin dominance goes, the higher altcoins start to go, so basically, if bitcoin rises to lets say 100k$ and it's dominance falls below 40 or 35 percents, altcoins will fly, not just fly but the entire altcoin market will be on fire, we all know that bitcoin has the most money in crypto  and its dominance reducing simply means its pushing some of those money to the altcoins.

everyone must be focused on the btc price movement to hit the $ 100k level. but if we want to buy btc for the current price, it could be if we leave it then we will benefit in the next few months

This happens mostly because of retail investors, once the performance of bitcoin begins to slow down they turn their head to altcoins thinking they can get better profits, this creates a self-fulfilling prophecy as the profits altcoins produce begin to go up as more people decide to do the same.

However the increase in the price of altcoins comes from speculation, which means that as soon as the price increase of bitcoin resumes many retail investors leave altcoins behind and comeback to bitcoin producing a crash on the altcoin market.

Buying altcoin now still good, but you need to research for more because some top altcoins already increase and make a new ATH, so that will not be easy to find the right coins. If you still want to buy those altcoins, maybe you can wait for a downtrend for that coin so you do not buy at a high price. I suggest you be careful to buy altcoins.

And the very next day BTC jumps up again LOL, right after I opened short positions.

I think this new bull run will be very different from the previous ones and if everyone expects 100k they will probably come but after that I would not expect a 70% dump but rather a continuous growth behind new institutional investors.

In the next leg up to $70k if btc dominance up, we will see altcoin corection, its indicate that there is no fresh money flow in to market.
But when btc dominance up and altcoin corection is not so dip thats mean fresh money is coming. I'd prefer second scenario because its mean more adoption.

It's like a mania. When I talk to friends who are in Bitcoin during the bull run, as soon as the bull run calms down the mania starts about what altcoin to pick now. Dozens of suggestions and explanations why that one is better than this one and what not .

Fact of the matte is that altcoin trading can be a great way to reap massive profits if you make the right picks.

There's always a condition, whether bull run or bear run, as long as you are smart and good in trading, you'll be able to make a profit as volatility will still stay. Trading this time is just easier especially for the newbie due to the bullish market trend, and yes, altcoins are more profit but they have a higher risk compared to bitcoin.

Yeah looks so Blatant and Obvious  ;D

BTC cant make the next leg up to $70k because btc dominance is low, dominance taken by Doge, SafeMoon & Eth!

Even if BTC crashes now it wont drag down alts too because its low dominance wont have that much affect if btc dominance reaches lower than 2017 lows.

Once those alts crash then BTC can resume its journey to $70k I guess and recover some of its dominance that it has lost to those alts.

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Elon Plan this year is to flip Bitcoin off its no.1 ranking with Doge this year. He wants to be the Satoshi Nakamoto of Dogecoin, transition Doge from POW to POS and use it in the Tesla ecosystem. Sounds crazy but possible.

What will BTC dominance be when that happens  :o

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This is first time i have seen BTC dominance touched 39% since 3 years, and this is good for altcoin that make the price keep rally to the new high, just like ETH, CARDANO,WAVES  and others already breakout from the highest price in the end of 2017. In my prediction price of BTC will keep sideaway for a few amonth while altcoin will rally to the new high. I think Altcoin season will keep continue for a few month or maybe for 1 year more, and this is will be the biggest bullish season in crypto market.

I doubt that though, bitcoin will always lead the market even if its dominance drop. Well, we can this as an altcoins season but it will never make bitcoin useless in the eyes of the people as it's still the most traded coin and the most important in the crypto space.

Let the altcoins season run, we need it for the market to grow, but what I'm seeing now, IMO, the bull market is slowly turning into a bear market.
Hopefully, I'm wrong though as I would never wish that to happen, I'm just being honest.

Btc dominance is on the decrease and that's basically because of the bull run and the fact that most altcoin are growing due to the hype and not because of their use case. I anticipate that btc would still increase in value and may regain her dominance after these altcoin without a good foundation takes her free fall. The bear is around the corner and its wise to take profit as they come.

Although BTC is still the biggest coin in the market but it is losing its dominance, there are many altcoins that are growing very strongly and challenging BTC dominance.
BNB and ETH are the two altcoins with the strongest growth at the moment, with superior technology and support from the Binance exchange, BNB will most likely threaten BTC dominance in the future.

Everybody paying attention to btc price which is the wrong way to look at it. They should be looking at the btc dominance.

The bull market maybe over for bitcoin temporarily but not for the overall crypto market. As long the overall crypto market does not go below $1.9 Trillion were still in a bull market especially for altcoins if btc dominance still remains low.

Elon plan is to flip btc off the no.1 rank with dogecoin.

Elon does not want the overall crypto market cap to drop below $1.9T otherwise dogecoin will crash to pennies.

The name of the game is to get btc dominance as low as possible, not the btc price and continue the crypto bull run excluding btc.

It is true that in cryptocurrency, it can be said that it depends on bitcoin,
the one that doesn't follow this rule seems to be ADA,
right now they are in green mode and it looks like it is because of the technology they are using

Looks like btc dominance starting to go up now!

Btc dominance could be the indicator of where the market could possibly move, when btc dominanve decreasing it means money will be gping out of the crypto market. But if btc dominance is going up then market is healthy. This thing happen and proven by today crash, it was 39% dominamce and after crash btc dominamce back to above 40%.

Possibly could going up further along with bull run continue.

Alts will continue bleeding?

I'm not so sure about your opinion mate, because for what Elon Musk doing it now was all are hyped only in the twitter social media only.
He can't be like Satoshi Nakamoto dude, because you can't compared Dogecoin into Bitcoin their differences was too miles away, and Bitcoin
in most of the countries all over the world now was being accepted as mode of payment in Bigger companies and different merchants as well while Dogecoin is not.

I'm surprised that the recent crash of btc drag down other altcoins too even though btc dominance at the time was at its lowest in years. Everybody assumed a low btc dominance means no market correlation to other alts.

What dominace btc must be at its lowest so there's no correlation to other alts in price action and market conditions?

Now Btc dominace is slowly rising up, what does this mean for alts?

With the current adjustment, expecting little attention to bitcoin is foolish. Everyone is looking at it, the question is that each of those who are looking wants to see a coin that can be dropped by 1 person and 1 bank, without any specific actions, but only by statements on Twitter or the media space.

It seems to me that BTC is currently less attractive even though its price is the highest in crypto, currently there are a lot of corrections in the crypto market. If I wanted to invest now, I would prefer to put my money in some altcoins which are definitely cheaper than BTC, and for me that would be more profitable than having to force myself to buy BTC which is quite expensive for me.

Bitcoin dominance has climbed to 45.2% now and we are starting to witness Bitcoin getting closer to its highest dominance level step by step again. I wonder it will reflect on Bitcoin price some time later also.

Now its going down a bit.

Alts seem to be rebounding

bitcoin dominance will continue with its increase which is now starting to slow down,
but there is one time bitcoin will rise again even though for now the increase is very small,

I do think that BTC dominance will still continue to slip for the foreseeable future.

The fact of the matter is that currently, the crypto market is very fatigued from the year-long rally. BTC has had a long run up and altcoins generally outperform BTC when the market adjusts (especially large caps such as XMR, ETH, etc.).

Also, you have to take into consideration that stablecoins are included in the pool of alts, which would inflate the actual altcoin dominance and depress BTC dominance in times of a bear market.

It looks like bitcoin's dominance will continue, as the market focus is now on it, we can see after the FUD on bitcoin, buying on altcoins decreased as many prefer to buy bitcoin due to a decline, with hopes of an increase in the near future

I see with the decline in bitcoin, many investors are looking for security in investing, therefore bitcoin is the main choice, or if you choose altcoins, of course, those at the top rank. therefore the mother of all coins seems to determine the movement of other coins

Bitcoin is a ‘coin gateway’ for many investors;  they buy Bitcoin BTC before buying other coins.  This could be partly due to the almost universal listing on every active cryptocurrency exchange, but also due to the high profile and low volatility (which is a relative statement).  This visibility, along with Bitcoin's price and position in the crypto market, is total market dominance.
Many experts predict that Bitcoin is still a great investment that will pay off in the long term, while we can expect more of the same rollercoaster ups and downs in the short term.  Bitcoin news is an art form in itself and you need to make sure you know what comes next in terms of cryptocurrency regulations, cryptocurrency exchange news and in-depth crypto market analysis.

Checking on it right now and it has increased, the dominance now is 46.6% and as far as I remember. The last time that I've seen it, that was just around 40%-42%.
IIRC.

No need to be surprised that when bitcoin goes down it is also followed by a decrease in altcoins and the opposite is also the case,
both bitcoin and altcoin it's a good choice to buy it,
so if someone prefers coin memes I think it's quite strange because it's more risky for sure

This dominance thing doesn't really freak me because I don't see its point when China and some other countries are manipulating things and price keep dumping every week, altcoins included.
The best time I have seen the useful of this dominance is when we riding bullrun and then whales began to shift money frkm altcoins to bitcoin or from bitcoin to altcoins.

at the moment the dominance of bitcoin on the market has dropped abundantly below 50% now it is 45% but this is obviously due to its lowering in value, even eth is not doing very well only 16% dominance but i don't think we are yet at the beginning of a bear phase of the market, bitcoin will soon recover and increase in value, obviously dragging all the other altcoins upwards, altcoins have yet to reach their maximum splendor

yes it is true that many investors are looking for a safe way to invest at this time, therefore they prefer BTC, because the opportunity to go up is greater, besides when BTC goes down, almost all coins also experience a decline, and conditions like this are very risky investing in coins that have low security because the possibility of sinking becomes very large.

Bitcoin is the king of  cryptocurrency now the correction is taking place after bitcoin's strong pump.But BTC dominance will last for ever.

BTC dominance is currently 48.8% which is very close to half of the total market capitalization, i believe the reason why this drops in a more sideways market is due to the absense of new money in the cryptocurrency market, so the money flows from the top coins like BTC and ETH to the altcoins as investors and traders try to capitalize of the price movement withing the trading rain gets of 2 price zones to make money

I don’t think that Bitcoin is so predictible. I am of the opinion that this market is very unpredictible, so you can’t understand if the price will be lower or higher than it is now.
And you are wrong by thinking that easy predictability means more money making as when all people expect something, all people that want to earn on it has already bought, so it is said that expectations are always in the current price.