BTC Dominance 70.4% in CoinMarketCap. Do I need to exchange BTC to ETH?

[greentech2]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

[Silberman]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than ETC.  What do you think?

Do not bother, this bull run has been created mostly out of the interest from institutional investors, and while you see them all the time buying more bitcoin, have you seen them buying ETH or any other altcoin? No, they are not interested in altcoins and that is because most of them simply do not have the characteristics of bitcoin, with that in mind such move right now seems like a losing move, and what it is the point to make a movement that you know is going to lose you money?

[JeromeTash]

It all depends on how the market moves because, should Bitcoin price try to correct, all those altcoin prices will also drop quick. Right now they are just following how Bitcoin price moves, and it's hard to predict what happens next,
By the mere fact that Bitcoin dominance is 70% should be a good indicator to show that alts are not doing well during this bull run and that includes ETH. Back in 2017-2018, this was not the case, BTC dominance was down to around 40-30% if I recall very well.

[jackg]

It all depends on how the market moves because, should Bitcoin price try to correct, all those altcoin prices will also drop quick. Right now they are just following how Bitcoin price moves, and it's hard to predict what happens next,
By the mere fact that Bitcoin dominance is 70% should be a good indicator to show that alts are not doing well during this bull run and that includes ETH. Back in 2017-2018, this was not the case, BTC dominance was down to around 40-30% if I recall very well.

I thought Dec 2017 saw btc dominance rise to between 86 and 90%? I know it's been there at some point anyway so it could be the same again... I remember it dropped quite far in January 2018 though.



I'd wait for eth to fall to 0.017-0.02 btc before you buy if you want a bit more security but I don't look at that pair very much.

[livingfree]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

You're talking about bitcoin's dominance then asks about converting it to ETH. I thought that you're maximizing the dominance in bitcoin.

But if you want to convert your btc to eth, I tell you that it's not a good idea. Keep your BTC and just keep holding it. And if you want to buy some more ETH, use another fund for it.

Don't waste your btc from buying eth although it's also a good coin but btc is much better.

[Mahanton]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

Your choice! since its your money and if your analysis towards comparing dominances then its up to you if you do follow up that presumption and as long you do make gains
or accumulation then its up to you. We do have different inputs and views thats why its important on making things that can possibly give out advantage to you.
ETH doesnt really still make some run but probably or possibly it might really be showing up some moves for this year 2021.Lets wait up for that and if you can
risk on putting up something in ETH then that would be depending on risk management of yours.

[error08]

Eth just following bitcoin path, if bitcoin is about to fall, then eth will likely fall as well. Since eth has a lower price, you can buy more and get higher profits if it doubled compare to bitcoin. However, so far the increase in the price of bitcoin seems to be bigger than eth, which means the profit earned from bitcoin is greater than eth. in this bull run market, both of the coins are profitable, it's just that bitcoin seems to offer a lot more than another.

[hugeblack]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

Ethereum is a safe investment compared to other Altcoins, but always safe investment means that it is the least profitable and therefore may not achieve much money.
You can wait a while for the price to stabilize for several days, and then either the price begins to rise or the price stabilizes.

There is a possibility that the price will collapse, but the Ethereum price still did not increase much so your loss will be less.

BTC Dominance is a misleading indicator so I do not recommend you to rely on it as an investment base.

[exstasie]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

Agreed. I'm bullish on ETHBTC for 2021. I believe the market is carving out an accumulation bottom, and possibly a multi-year inverse H&S. If this plays out, it will be very powerful:

Just watch what happens when ETH/BTC finally breaks above multi-year resistance ~0.04, after 2+ years of accumulation. It's going to be epic.

I believe the fundamentals are backing this move as well. Staking should strengthen demand and weaken supply considerably.

Of course, in the short/mid term, digging deeper is possible, especially with BTCUSD showing no sign of slowing down yet. It would be reasonable to wait for ETHBTC selling momentum to dry up and for a bullish structure to form before buying, as opposed to catching the falling knife.

[fauzan123]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

It's better to wait for the correction first to get maximum results, because many references say bitcoin will experience correction first before looking for a new ATH.

As it is targeted that bitcoin moves have reached $ 30k, of course this is a new achievement for bitcoin and I think it would be great to wait for some of these corrections.

[JeromeTash]

I thought Dec 2017 saw btc dominance rise to between 86 and 90%? I know it's been there at some point anyway so it could be the same again... I remember it dropped quite far in January 2018 though.

It was 95 percent-ish at the beginning of 2017 before it started dropping at around late Feb. This was even before the bull run had gathered momentum. After the drop it tried to raise again later on during the year to around 70%,(that's when BTC was soaring towards $20,000). This was followed by another huge drop to 40-30% from late December 2017 into Jan 2018 (this is when ETH and other alts started to soar)

[fullhdpixel]

I thought Dec 2017 saw btc dominance rise to between 86 and 90%? I know it's been there at some point anyway so it could be the same again... I remember it dropped quite far in January 2018 though.

It was 95 percent-ish at the beginning of 2017 before it started dropping at around late Feb. This was even before the bull run had gathered momentum. After the drop it tried to raise again later on during the year to around 70%,(that's when BTC was soaring towards $20,000). This was followed by another huge drop to 40-30% from late December 2017 into Jan 2018 (this is when ETH and other alts started to soar)

Bitcoin dominance always has those increases during the first batch of bull run and that will always stay like that. However what happens is clear as a day for anyone who follows these, bitcoin goes up a lot, alts go down against bitcoin but since the dollar value of bitcoin increased so much, alts go up in dollar value as well while going down against btc.

Bitcoin keeps this up as long as possible, whatever the peak point becomes, after that it stays like that for a while, and alts try to catch up. When bitcoin is at around 90%, that means alts start to go up against btc as well, and since btc is all time high, that means alts will be all time high as well. So, what I am expecting right now is exactly this: bitcoin will peak at some point, after that we are going to see alts go up in price too, and they will reach their own all time high prices.

[Rengga Jati]

It depend on your choice.
But for me personally, it will be better to focus on BTC. Now, BTC is being in a bullrun and we still cannot predict when it will end, the end of this year or will continue. ETH itself is struggling to follow the bull run of Bitcoin. But to convert BTC into ETh right now? Not yet, it is still a good time for BTC enough.
Just let's wait for how the market will change again.

[aioc]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

Why would you, you take future action on what you're seeing today, Bitcoin is gaining ground so why would you trade Bitcoin to Ethereum, Bitcoin is still going strong or better trade your other coins for Ethereum if you think you are bullish on Ethereum, but don't trade Bitcoin away or you are going to miss a lot.

[asyakashi]

Bitcoin is surprisingly going up out of control I think this is great news. who did this, and why are they interested in buying bitcoin. ?

[Astvile]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

Split your funds that is I think the best thing to do right now. Bitcoins ATH is currently $33k and a minor pullback right now to $31.9k mark I think bitcoins price is still not at its peak nor the altcoins too. Altcoins prices are so left behind by bitcoin, many altcoins are still far from their previous ATH specially ETH. Holding both will be the smartest choice right now IMO.

[Oceat]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

Why would you, you take future action on what you're seeing today, Bitcoin is gaining ground so why would you trade Bitcoin to Ethereum, Bitcoin is still going strong or better trade your other coins for Ethereum if you think you are bullish on Ethereum, but don't trade Bitcoin away or you are going to miss a lot.

It's clearly a loss if OP tried to switch Ethereum but why would he do that? Bitcoin is going up like crazy yet altcoins can't keep up what Bitcoin's been gaining. If OP want to switch he better wait for the price to go on the opposite way. OP should better look at the charts on how the movement of ETH and Bitcoin goes, that would help him when to decide to either buy or sell.

[shinratensei_]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

You don't need to exchange your bitcoin to the ethereum and you must keep it in your bitcoin form. Bitcoin has more possibility to go even higher than this time. We are not yet reaching the peak price of bitcoin.
When you are holding ethereum right now and that means if you are also loosing your value dude.
Just think about that when bitcoin goes even higher and you will get more ethereum as ethereum is quite stable right now.

[maydna]

BTC Dominance is 70.4% in the CoinMarketCap. BTC is ATH almost $30K. ETH is only $737. Do I need to trade ETH/BTC to ETH to get more ETH? In the future the percentage gain in ETH is more than BTC.  What do you think?  Thanks.

You can stick to the bitcoin trade and not convert your bitcoin to ethereum because the ethereum price is not giving good moves. And with what happens to bitcoin price now, I think your profit will be bigger if you trade bitcoin pair usdt. But if you think that ethereum trade can give you more profit than bitcoin trade, you can use it, but you should analyze more details to find out. Ethereum will have a good chance to increase higher, and I think ethereum is on the way to lift the price. But that will not be so fast because bitcoin still increases, and it seems the bitcoin price wants to break another high price, although the bitcoin price is already hit the new ATH.

[tbct_mt2]

You can stick to the bitcoin trade and not convert your bitcoin to ethereum because the ethereum price is not giving good moves. And with what happens to bitcoin price now, I think your profit will be bigger if you trade bitcoin pair usdt. But if you think that ethereum trade can give you more profit than bitcoin trade, you can use it, but you should analyze more details to find out. Ethereum will have a good chance to increase higher, and I think ethereum is on the way to lift the price. But that will not be so fast because bitcoin still increases, and it seems the bitcoin price wants to break another high price, although the bitcoin price is already hit the new ATH.

Bitcoin won't be able to rise forever and when it stops the ride, altcoins will move.
Ethereum: https://coinmarketcap.com/currencies/ethereum/
Bitcoin: https://coinmarketcap.com/currencies/ethereum/

I see Ethereum gets bigger profit than bitcoin in USDT. Ethereum rises in ETH/BTC and in ETH/USDT pairs but it is not true for most of altcoins on the market. Ethereum rises in USDT is supported by bitcoin rises in USDT. 1 BTC is 1 BTC forever but 1 ETH is 0.017 BTC in January 2020 and now is 0.026 BTC.