I think Bitcoin dominance would continue as long as it is the main cryptocurrency. So far no other coin has done anything dramatic so as to compete with bitcoin. Ethereum is a very promising coin, but its performance has been very disappointing over the past few months.
I do not agree with your opinion. ETH is still affected by the price of Bitcoin. Although ETH has a much better background than bitcoin. But maybe people are still supporting bitcoin more than ETH During this bearish market ETH lost in market dominance against BTC in price and in volume as well. Remembering in January this Year when ETH was $1300 and BTC $11.500 That time the price of ETH was 11 % of BTC , nowadays it is 7.1% Bear in mind that in the meantime there was bear market when BTC always strengthening it`s dominance vs. alts. And also there were discussions if ETH is a security or not, and that is cleared up now. Many other development updates for ETH insures that in the future ETH will fight back for it`s earlier dominance and above. But, that to happen we have to wait to enter in bullish market.
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Yes, You are right and observing the market correctly. At bearish market the BTC dominance is increasing and during bullish market it is decreasing . ( like we had situation last Year from 0ver 60% to below 40 % in December ) This Year in May before crash BTC dominance was 35 % at total market value of $450 billion. After the crash it went around 42% The reason for this is panic selling of Altcoins during the crash and buying BTC as it is more secure investment in tough times. Logic behind selling of Altcoins is fear that they can go near to zero and many speculative investors selling them as Altcoins losing even more in value than BTC. When the market is increasing the opposite is happening : investors selling BTC and buying Alts. in hope that they will rise in higher percentage than BTC and gain higher profit.
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It can be a manipulation but not by CMC as everything is automated on their side. If a coin is listed only on 1-2 exchanges and there is no liquidity on the market the price can easily be manipulated with unreal under/overpriced orders. For example Anybody can make some artificial buy/sell orders and the CMC will show that price .Where the interest is to do it ? Usually we can see such manipulations at some shitcoins price when the team behind (usually the DEV) makes these orders to cheat investors that there is higher demand for the coin than it is for real. Sometimes some traders does it also to confuse the market to go to his favour as there is no other price reference than CMC, but this is doable only with small trading volume coins like $ 1k -2k.
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I think that Bounty campaigns are affected with bear market as well as there is less interest for investments in Crypto nowadays and it reflects on the ICO results. Less results and lesser the rewards are , as more hunters are fighting for the smaller pie. With growing market things will change to more beneficial hunting.
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It is business as usual and not big crash. The market is volatile and people for different reason lost interest investing in Crypto and the demand is lower than supply. Simply as that. This will change and trend will change. There is no reason for panic as BTC is +250% versus last year price.
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Some of the miners can stop but others with lower price of electricity will start mining as well. There is no average price of BTC mining as there are countries like Ukraine where it is $1.580 the mining of 1 BTC or even in some countries below $1k like in Venezuela. Just to remind that one Year ago BTC price was $2.600 and nobody was thinking to leave mining , do not understand where this negativity come from ?
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Random snapshot was made on June 1 st by law firm and Tether had $7 m more money in the bank than circulating Tether. After the audit they printed $250 m Tether and now there is near $3 billion circulating. Curious where this money come from.
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I do not think that World Cup had a significant influence on the BTC price decrease as myself would never sell Crypto to make bets as Crypto is for a long term investment. Using other sources for betting. World Cup could have influence on Crypto but on a different way: as Crypto investors are mainly males their focus is rather on World Cup these days than on Crypto and it could influence the demand but that is not the main reason for price crash.
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Third party wallets are web wallets that are stored by a third party (in most cases exchanges) usually on a remote server. Because of that, the information is accessible from anywhere and from any device .These digital wallet apps are managing your private and public key for You , but because this data resides on Your computer or smartphone ,there is a risk that someone hack your founds. To prevent and avoid losing funds and not to expose Yourself to unnecessary risks, there are some precautions to follow :
If coins are stored on the Exchange only keep funds that You plan actively trading with. Use a unique and dedicated email address for all trading accounts, create difficult password ( not used elsewhere ).
Do not save auto fill account details of the Exchange on Your PC ( username and password ) , do not click on advertisements, regularly run antivirus software on your mobile and PC, type the exchange URL directly to the browser and when You are on the Exchange clean the cookies. Exchanges should have 2FA enabled and save 2FA recovery on a safe place. Join the network by private encrypted channel using VPN technology.
Cryptocurrency that You are not trading with store on hard wallet bought directly from manufacturer or official distributor. (Avoid eBay&Amazon sellers) Keep private keys for your hardware wallet on a secure location.
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It cannot be called recovery but every positive sign can be a start of the recovery. I can understand that some of us are losing their patience and expecting the market to bounce back, but it is still not happening and they are frustrated. It is also a good sign that the market today has not reacted negatively on the hack of Bithumb.
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Last week when there was a HACK the whole market decreased while today it was rising- so we cannot see a direct correlation in the market movements and the hacking as there are many other factors influencing the price. Correct decision from Bithumb to compensate.
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Last Year for 7 months we were witnessing parabolic rise which was unrealistic to continue. It was big hype and many new to Crypto invested that time and now suffering with their investments as their entry was to high. Many of them have learnt not to invest in a coin on a rise of 10x in one month before detailed research.
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At this moment I would suggest to invest in ETH as there has been announced several good news for it. Not been classified as security, two main upgrades coming soon, many new ICOs using it`s platform... All these suggest that ETH/BTC ratio will go in favour of ETH in upcoming period. ( 0.0793 )
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In trading it is more difficult to accept loss, then having profit . This is why many of traders do not properly using stop-loss strategy. For successful trading You should have a plan and a good strategy, knowing what You want to achieve and a perfect execution.
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Even when the market is red and bearish for long time, there are several opportunities for profitable day trading. Not all the prices moving with the same intensity and there are price fluctuations suitable for scalping. For successful day trading you need good strategy, trading skills and experience otherwise You could finish on losing side as many of inexperienced day traders do.
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Long Term trading is not always profitable , it can be risky as well. If You invest in Bearish market and the prices further decrease, You have to protect your investment by stop loss. Only holding and waiting and hoping the trend will change is not an option as You can lose all your investment. So, HODLING itself does NOT always guarantee making profit, as it is dependent of many factors to be considered.
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Think it will not happen this time as 470-480 $ is the bottom in my opinion. It is a great opportunity to BUY some ETH on a really good price which we will not see soon again.
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Yes, it is more and more participants in Bounty but more and more ICOs starting as well. Should not be afraid of competition as You can attend multi Facebook, Twitter campaigns. In Signature campaigns You can wear only one signature at the same time, this is why You have to make a good research and selection to make sure to participate in the profitable ones.
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Yes of course i think people are investing in crypto market and market is going green. alt coins are also going green and we will see in few months market will touch higher.
I do not know which graphs are You looking at as the whole market is bleeding like hell . It is decreasing for days now and the whole week. BTC is -16% vs. LW , ETH is -21 %, XRP is -21 % LW just to mention the TOP 3. Please explain where is the green ?
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Yes of course i think people are investing in crypto market and market is going green. alt coins are also going green and we will see in few months market will touch higher.
I do not know which graphs are You looking at ? The whole market is decreasing for days and the whole week. BTC is -16% vs. LW ETH is -21 %, XRP is -21 % LW just to mention the TOP 3. Please explain where is the green ?
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