Bitcoin -Investors first choice- bleeds the altcoins

[abruchifid]

We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?                 

[hugeblack]

Although I think the term "bitcoin's dominance" is wrong, I think this quote will give you a better analysis

Altcoins have always, on the whole, followed the BTC price but with higher variance. So if you bought a basket of altcoins, I'd expect it to behave similarly to a leveraged BTC position; when BTC rises, altcoins rise more and the BTC dominance decreases, and when BTC falls, altcoins fall more and the BTC dominance increases.

In other words, we can compare bitcoin "gold" and altcoins "paper money", which you choose to invest?.
I am not saying that altcoins are bad but it is better not to invest in it unless you know what you are investing in.

[alanfox]

BTC is well known then altcoin and BTC is well featured. So naturally BTC is the first choice for investor. But I am not saying that altcoin is bad choice for invest but need to careful and experience in this perspective.

[clonely]

All altcoin getting melt against of Bitcoin, unfortunately. I hope BTC make bounce from here and we all will start to laugh anymore.

[availcrypto]

Bitcoin is a digital coin and it is better than other coin investor have interest bitcoin . It is better idea to invest bitcoin in the market it has huge number of user.

[kayakcrypto]

Altcoins have always, followed the BTC price but with higher variance. So, if you bought a basket of altcoins, I'd expect it to behave similarly to a leveraged BTC position. when BTC rises, altcoins rise and when BTC falls, altcoins fall more & the BTC dominance increases.

[voltagecrypto]

I am not saying that altcoins bad but it is better next few days to invest in it unless you know what you investing. In other words, we can compare bitcoin "gold" and altcoins which you choose to invest?.

[r32godzilla]

We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?                 

Its because most of the investors leave altcoins but not bitcoin since most altcoins have just now turned to be pump and dump coins and could not deliver anything more than that.

[bungutko]

If you are an investor,  definitely you would have to chosen btc too because this crypto has more advantage than the altcoins with respect to price growth. Though btc is quite expensive than alts,  but the return of investment is much greater compared to altcoins.

[Silenox]

The altcoins have to prove why they came. Bitcoin gains more credibility every day, already has futures contracts and probably will have ETF, this is an air of legality that attracts many investors. Most altcoins have to show the solutions they want to implement so they can be more independent of Bitcoin.

[Drobek]

Too man alts which vague promises. Nice ideas but fail to deliver. Its somehow good this is happening. Only alts with good foundation will stand the test of time.

[ambisyon]

In my opinion,  I would prefer to invest btc this time as I believe it it will make a bullish market  before the gear ends. Altcoins only follows the improvement of btc and that is why alts are still currently down.

[tomahawk9]

We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?                 

Its because most of the investors leave altcoins but not bitcoin since most altcoins have just now turned to be pump and dump coins and could not deliver anything more than that.

Even when most alts are pump and dumps, they're still profitable and that's why some of them have an absurdly high market cap which kinda attracts investors since you can expect some profits.

But I don't think that (people dumping alts because they're PnD) explains what we're seeing today (or over the last couple of months). I think  the current decline in the altcoin market is due to the fact that the altcoin market has been going through a bearish trend, making the Bitcoin market the more profitable and appealing market.

when will this stop?                 

Who knows? But you need to understand that this sort of trends occur from time to time. There was an altcoin cycle where the BTC dominance wouldn't go past 40%, and this cycle went on for about 3 months (April-May-June), now alts have entered a bearish trend whereas Bitcoin is on the verge of a bullish trend. Maybe this altcoin downtrend will stop once Bitcoin goes full bullish mode and altcoins follow the uptrend.

[Thecryptocurrency09]

We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?                 

We are all wlaware how bitcoin tend to be legendary in this art of cryptocurrencies that is why there is no doubt that it can possibly lead to the choices or most priority of cryptocurrency investors. Although altcoins are giving enough value to beat bitcoin, loyalty cannot disrupt it.

[Fire316]

   Of course Bitcoins is natural the first investors choice because it is already tested profitable and strong digital coin in crypto market. Even there are potential altcoins in the market investors are very careful to invest those coins. They give  priority in investing in bitcoin because they know bitcoin has a tendency to rise up so high more than its price before.

[Indrawan77]

All of this time the investors only invest in alt coins for profit, so when something is wrong or they have  a better project then they will sell the coin and moved on, and when they sell their coin most of them will back to bitcoin, bitcoin still the best option to invest in crypto, the fame and the adoption in some countries are the prove, and when all investors back to bitcoin then alt coin will be drop down significantly

[pooya87]

again for the millionth time your problem is that you are looking at market capitalization and then call it dominance. that is NOT dominance. the dominance of bitcoin has always been near 100% and it has always been "investors first choice", this is not a choice they made yesterday. they have made this choice a long time ago and it has remained that way and it is mainly because the top altcoins are so bad and everyone except newbie bag holders already knows this!

it is called "pump and dump" not just pump and always pump. when an altcoin gets pumped, after a while it starts getting dumped. but for big altcoins like ETH for example the dump was slowed down to a near halt for a long time because the advertising campaign has been active and was telling the bag holders to bag hold and they listened thinking they will become rich.

[roueen]

If we compare bitcoin with altcoins then we can find out bitcoin is far ahead from altcoins but it also true altcoins are not bad. Peoples are also investing on altcoins.

[HEAUSUCE]

Bitcoin dominance in this crypto market and they are belongs in the top position of this market. Altcoins are under bitcoin and these coins are also risky than bitcoin. That’s why bitcoin is so much popular among the peoples.

[batang_bitcoin]

BTC Dominance hit 54%

when will this stop?                 

This bleeding can never be assess on when it will be stopped. Altcoiners are converting their coins to bitcoin as an usual first choice of investors.
We don't know if there's a group buy and sell out there that makes the market bleeding.