BTC Dominance: 58.9% and counting. Is altcoin market is over??

[Bittoshi]

LOL... why must everyone look at small time frames and declare deaths.  There's a reason why BTC Dominance is so high, and it's because everyone is piling into BTC for the upcoming forks so they can get the new coins spinning out of them.  I myself am going in the opposite direction as I think Bitcoin Gold will be a spectacular failure and people will then buy into the alt world again.  I could be wrong... but with just a tiny bit of bitcoin you can buy huge amounts of alts now.  Many alt coins are down over 50% the last week.

This! Buy more of the alts you believe in as long as they are cheap. Once the BTC forks are over, People will sell their Bitcoin gold and come back to alts. Use this opportunity to accumulate and hodl. Long term we will win with alts.

[javadsalehi]

Of course alt coin market is not over. Wait for the Bitcoin Gold fork, you will see money going back to alts.

We should wait for Bitcoin Segwit 2x fork too. After that what you said can be true. Demand for Bitcoin will rise more and more till that day.

[trk]

Nope, just a correction
because people is chasing after Bitcoin Gold which is expected as previous Bitcoin Cash.
They just want free money, like all of us

After Bitcoin gold distribution they all will start to buy alts again

[artmen007]

early domination of bitcoin was 90% is now lowered to 45% someone who pushes. Altcoins will take over.

[shirackjs]

Altcoin market is definitely not over, the red is temporary since traders get into BTC for the free bitcoin gold. After the fork, everything will be back. IMO, it is a good time to buy altcoin at a cheaper price now.

[Wipper]

Altcoin not over, people just want the free token

[warrior333]

Altcoin market is definitely not over, the red is temporary since traders get into BTC for the free bitcoin gold. After the fork, everything will be back. IMO, it is a good time to buy altcoin at a cheaper price now.

You are right of course but the question is where to get the money? Now everyone has invested their money in bitcoins and are not able to buy altcoins. When the price of bitcoin will be at maximum all turn their attention to altcoins and again not be able to buy them. Unfortunately it always happens.

[talkbitcoin]

bitcoin dominance is not at all what you said, it is about 98.9% and it has always been like this and it will continue being like this in the future also. the dominance that you speak of is not really "dominance" it is only a meaningless number called market cap and since i can, in a blinking of an eye, create a 10 billion dollar market cap with a click of a button it means it is meaningless.

in reality dominance means the adoption and usage, the demand, the supply, the merchants, the volume of transactions, the volume of trading, and then after 20 other factors you can add market cap to if you liked.

[Taskford]

The altcoin market is not over and this is just a simple scenario in the cryptocurrency market since the market of altcoin are depending in bitcoin then when bitcoin goes up then the price of altcoins will go down because people are just selling their altcoins for bitcoin because they want to ready their bitcoin for selling at a high price.

[Crocs4ua]

Btc next target 6200-6400 dollar , i will sell %40 of my total amounts at 6200 6300 dollar.Btc price will drop after the 25 october,im expecting a drop below to 5000 dollar.Altcoins can rise after the fork.
edited
There is 3 option ,
edited
1-You can sell your all bitcoins before the 24-25 october
 2-You can buy cheap altcoins on 24-25 october
 3- You can hold your bitcoins , for bitcoin gold.
 Or You can also select 3 options with %33 percent of your total amount

[Munz77]

The 26th is going to see the biggest alt coin pump this year

[Crocs4ua]

The 26th is going to see the biggest alt coin pump this year

I hope so too!

[Immakillya]

No it's not over for altcoins mate. Just relax mate. Don't drink too much coffee. Lol. People's attention are on Bitcoin right now. Just wait after the fork. People just want to have some split coin which Bitcoin Gold. Wait until they dump it. And the volume of traders will go to altcoin markets. Actually this is a great time to buy some cheaper altcoins. They are on crash right now. Ethereum, Litecoin and IOTA. They're all on correction right. But the potential is still there. Just have to wait. Yes, Bitcoin is dominating altcoins. But that's just a stats. This is not mean altcoins already loss and don't buy them anymore because Bitcoin is dominating. Just wait and see. After the fork. Altcoin market will be bullish again as soon as they dump all their BTGs.

[Gangy]

Alt coin market is no where near to being over. This is a regular situation when bitcoin gains value. If I were you i wouldn’t panic at all and try to buy some alt coins while they are cheap.

[poodle63]

Alt coin market is no where near to being over. This is a regular situation when bitcoin gains value. If I were you i wouldn’t panic at all and try to buy some alt coins while they are cheap.

Don't you wanna try to get some free bucks by linked your bitcoin? It seems to be a real reason about the fact that already happened in the crypto. Many people are aiming to get a lot of bitcoin gold.

[Zadicar]

Are everyone will buy only Bitcoin. Noone need Altcoins anymore soon?

I dont think so and the thing you do saw into these days on which bitcoin do really have the dominance yet most people do really jumping in bitcoin because of the upcoming fork which most people do invest even more on bitcoin but doesnt mean that altcoins isnt really need anymore and for sure situations would turn upside down later on after the fork.

[MaryAngela_Fantocci]

If eth will continue move to 0.01 btc we can see 75% bitcoin in total. Hope that bull trend in eth will stop in nearest future.

[TheAndy500]

This is the most popular and towering coin in the entire crypto and its leadership is very much needed to operate the entire crypto that we now have.

[maddealer]

Mans greed is the only reason for this blood everywhere!(BCG)

[mummybtc]

If you student of history in this space then you should know, this is the best time to be accumulating these good altcoins that are now dirty cheap currently, BTC run might continue till the end of the year but the profit will move back to altcoins sooner than later, we know people always want more