Bitcoin Dominance nearing 70% - When The Trend Reverses, Which ALTS To Pick?

[Flux0z]

Everyone is shitting their pants over Bitcoin and it's high dominance currently.
Personally I believe this trend will reverse soon, as these mass sellings of altcoins are only due to FEAR. It's the final shakedown, and as a wise investor once said:
Buy, when there is blood on the streets.

So with that question in mind, which altcoins do you believe will make a great comeback eventually?

Personally I believe the PRODUCT is more important that the HYPE moving foward. Hype created PnD, while a working product creates long lasting demand.

One of my favourite projects out there is Stakenet. What they bring to the table is quite cool, and instead of trying to compete with everyone, they actually try to make Bitcoin and Litecoin BETTER, in other words, they'll be trying to enhance these coins with their Lightning DEX, Lightning Multi Currency Wallet etc.

Moving foward, everyone wants to see crypto getting adopted by the mainstream. HOWEVER, no one seems to bother about blockchain confirmations - Let me give you an example. Let's pretend Bitcoin, and Litecoin is suddenly accepted EVERYWHERE, used by everyone. Problem here is a single transaction could take WEEKS to confirm on BTC, and DAYS using Litecoin.

Off chain transactions is SO important moving forward, even if you aren't a fan of it. Instant transactions, low fees will actually make people adopt the technology into their day to day life.
Stakenet is the LEADING coin in terms of Lightning developments

Once the Stakenet Lightning DEX is up and running, NO ONE will be able to take it down, not even the devs themselves, due to it's decentralized solution. You'll be able to trade directly from your phone using the multi currency lightning app for android or IOS.

To compare already existing DEX solutions, you've got Komodos DEX, which they just ran a test on doing an Atomic Swap. Took them 9 minutes or so to do the swap, while if you traded on Stakenet's DEX, you would be able to do it for a lower fee, AND instantaneously.
Compare these 2 projects marketcap, and you'll see exactly WHY I'm betting a big portion of my money on this.

Feel free to share your favourite projects! I'd love to know!

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[bittick]

The atomic swap is not yet alive and i just get this information from the komodo platform's site.
But the problem is how the dex can attract cex users?

In this bitcoin bull trend and i prefer to invest in a project that has a real use case. But it looks like the major crypto becomes the best option to counter the bitcoin bulltrend.

[qwizzie]

Moving foward, everyone wants to see crypto getting adopted by the mainstream. HOWEVER, no one seems to bother about blockchain confirmations - Let me give you an example. Let's pretend Bitcoin, and Litecoin is suddenly accepted EVERYWHERE, used by everyone. Problem here is a single transaction could take WEEKS to confirm on BTC, and DAYS using Litecoin.

Dash has its transactions confirmed within 2 seconds, protected against double spending and free to spend right away.
Dash manage to do this on-chain, through its masternode network and also has its blocksize upgraded to 2mb size without any problem a few years back
through its governance system.

More importantly Dash has its network secured against 51% attacks through ChainLocks, while Bitcoin and Litecoin and pretty much all other proof of work
crypto projects are still vulnerable to 51% attacks.

So my pick is pretty clear, but then i'm also invested in Dash for some years now.
 

[Fundamentals Of]

Little did I know that this is a promotion post. Although I have a few unknown coins, I don't think it is wise to invest on them when the price of Bitcoin hits the roof. The problem with this unknown coins is that they do not have good volume, great exchanges, and strong partnerships with famous companies. This will hinder their utility. I would rather invest on the likes of Ethereum, Waves, Litecoin, Monero, Cardano, and so on because they already have big names in the market.

[styca]

ETH and XRP for me.

I do think that BTC dominance will reduce. The reason it's increased is that people are still a bit uncertain about crypto following that long bear market. It makes sense that people coming back in (or people entering crypto for the first time) will go for the safest coin in these uncertain times - hence the extra buying on BTC to push up the price. And once that starts it become self fulfilling - as BTC price gorws, more peopl esell alts for BTC.

I'm convinced it's only temporary. BTC can't solve all crypto use cases. Good alts I'm sure will recover strongly in time.

[Thanasis]

If the bitcoin goes up really high then the trend will also influence other coins to increase for that no need for reversal trend and the rate of dominance is actually nothing so don't calculate the market based on the dominance.

[Saint-loup]

Everyone is shitting their pants over Bitcoin and it's high dominance currently.
Personally I believe this trend will reverse soon, as these mass sellings of altcoins are only due to FEAR. It's the final shakedown, and as a wise investor once said:
Buy, when there is blood on the streets.

Unfortunately many projects turn to be scams, so there are very few chances these ones can come back to life or to a decent price except because of some artificial pump and dumps or because of exchange bots going mad or dumb... I don't believe in whales randomly investing in total shitcoins.

[Bitcoin Seller]

If the bitcoin goes up really high then the trend will also influence other coins to increase for that no need for reversal trend and the rate of dominance is actually nothing so don't calculate the market based on the dominance.

I also do not remember such a great BTC dominance. The cryptocurrency number one is trusted even more than before. Experts say it's all about reputation. Confidence in Bitcoin has also increased due to the emergence of new buying opportunities, while alternative cryptos are still associated with the infamous ICO boom. Altcoins can lose in  their price.

[knuckey]

Personally I believe the PRODUCT is more important that the HYPE moving foward. Hype created PnD, while a working product creates long lasting demand.

I agree with you that a product is an important reason that must be a concern before we invest. Tokens from exchanges are still a favorite and have the potential for the long term. Yes like BNB and I think HT can also grow rapidly like that, so now don't waste this opportunity

[Ozero]

Such a large increase in bitcoin capitalization is a temporary phenomenon. I see no objective reason to transfer funds to Bitcoin. It is still difficult to understand why this year altcoins lagged so much behind Bitcoin in price growth, however, this cannot last long, as they continue to develop and differ in very diverse useful functions.

[Kemarit]

I don't think that this is due to fear. Altcoin market has been suffering because the whole business model have shift to IEO and then investors just move their investment strategy and go to BTC, simply as that.

And then people just simply mature, I mean why would you stay on altcoin wherein there's no money to be made of? Of course who will have to take into consideration now that Bitcoin is really the only coin worth investing. In the last six months alone, almost 50% gain and a year, 80%. So it just make sense to really pour the money into Bitcoin resulted in a massive dominance that we have never seen before.

[Javi_Anibarro]

I will wait for it until at least Bitcoin dominance reaches 80%, and then I will pick everything above top 5 cryptocurrencies and some others for fun.
picking something below top 100 will give you more problem because there is a probability for it to die if Bitcoin dominance keeps moving up.

Personally I believe the PRODUCT is more important that the HYPE moving foward. Hype created PnD, while a working product creates long lasting demand.

I agree with you that a product is an important reason that must be a concern before we invest. Tokens from exchanges are still a favorite and have the potential for the long term. Yes like BNB and I think HT can also grow rapidly like that, so now don't waste this opportunity

There is no guarantee behind it, even with their own product. The price will not move unless the demand is increasing. Look at Stemmit for example, they are struggling with their product/platform.

[otcrypto]

XRP for me, the partnerships, use cases, amount of funding the team has (hundreds of millions $ at disposal) theyre now actively buying out companies to align XRP for liquidity (check MoneyGram acquisition out), its also down 90% from ATH so a long way back up to go, and its a crypto that actually has beneficial UTILISATION, which many of the other cryptos dont. Most cryptos uses cases don’t even need block chain, a database would be better.

[Febo]

Bitcoin Dominance nearing 70% - When The Trend Reverses, Which ALTS To Pick?

It does not matter when, you should always pick your coins by fundamentals. What does the coin brings on the crypto table. Is it just pimped up copy of Bitcoin?  Does it solves a problem that Bitcoin cant and will be used 10 years from now?  It is really very simple.

[michellee]

I think ethereum can make a comeback to the higher price again, but unfortunately, there is no right time when the ethereum price can increase high. So what we need to do now is only waiting for that time while we can buy more ethereum and hold it. But I think there are so many altcoins which can increase and can come back to the higher price and we need to search it one by one before the price starts to increase. With so many altcoins at the market, we will be difficult to choose the coin, and we need to do a deep research to find the right coin.

[ololajulo]

Most people are still selling their altcoins to hold bitcoin, I believe in CZ opinion of possible rise in altcoin in nearest weeks but will only be for altcoins with solid use cases, we will see the death of so many altcoins in coming months.

[adaseb]

Go to a website like:

https://athcoinindex.com/

Click to list by percentage going from the highest loss to the lowest and pick some which are at 90%+ losses.

Sure some coins might end up going to 0, but if you pick 1 or 2 which eventually become good runners then its a pretty good investment. NANO, QTUM, LSK are some to name a few.

Just buy in very small quantites and don't get greedy.