When Bitcoin dominance falls Isn't it common for altcoins to rise?

[crazicat1]

When Bitcoin dominance falls
Isn't it common for altcoins to rise?

Now some DeFi and
Only coins with grayscale rumors rise
Everything else is falling

 Where are they all going?

I recently opened a portfolio
Bitcoin, Ethereum, Altcoin, Tezos
Follow the grayscale portfolio

Other than that, NFT side like TVK and SANDBOX
I'm also looking at software mining like PANDO

It is said that this one recently downloaded more than 100,000 and was listed on bittrex.
Does anyone know in detail?

I have a lot of interest in Asian projects including China and Korea.
TAXI on the MXC exchange is also interested
It's a little difficult to see the reality-

What can I study to learn more about the Asian cryptocurrency project?

Please exclude Tron. I hate Justin. I was hit hard by Tron fi

[kentrolla]

In my opinion this should be the case whales dump BTC then move to alts now the story is different hype and FUDs  are playing a vital role because BTCs fluctuation is extremely high that's the reason investors and big cards are still interested in BTC.

Now what actually happening is top altcoins are under performing like XLM, XRP, TRX etc so many investors are disappointed and not ready to take risk as they are happy with BTC price and performance.

[Pizzalover420]

No, when bitcoin goes up, all altcoin leeches go up because their price is measured in bitcoin.
When bitcoin falls in price, all altcoins go down in price, because their price is measured in bitcoin.

[Upgrade00]

I have never been a proponent of these trading strategies as they're never foolproof. There is a correlation between the Bitcoin, stock and altcoin market, and changes in one would likely affect changes in the other, but there is no definite way of predicting how the market would react and which coins would move up or down.
There are thousands of altcoins, and buying one based on the narrative that it would rise cause Bitcoin is falling may not be a good idea.

[tranthidung]

Dominance on the market, for both bitcoin or altcoins are distorted significantly by DeFi tokens. They have huge total supply, current supply and over-valued price so that they add up a lot of marketcap for altcoins. Bitcoin dominance was decreased by its price is one side but there is a second side from altcoins as said.

Despite of the distortion from altcoin dominance, they (altcoins) have been slowly heated up last one or two months, and fastly speeded up in the last two weeks. Altcoin season is coming but you will be late much if you join now. The best time to prepare for the season is 2 weeks ago not now.

• Bitcoin, altcoin season index
• 63 points for today and the altcoin index has tried few times to reach 75 points in past few days

[JNR]

in theory yes, but sometimes when bitcoin dominance falls, bitcoin price falls too and usually altcoins will follow the falls on bitcoin price

[Zeehaxan]

When Bitcoin dominance falls
Isn't it common for altcoins to rise?

Now some DeFi and
Only coins with grayscale rumors rise
Everything else is falling

 Where are they all going?

I recently opened a portfolio
Bitcoin, Ethereum, Altcoin, Tezos
Follow the grayscale portfolio

Other than that, NFT side like TVK and SANDBOX
I'm also looking at software mining like PANDO

It is said that this one recently downloaded more than 100,000 and was listed on bittrex.
Does anyone know in detail?

I have a lot of interest in Asian projects including China and Korea.
TAXI on the MXC exchange is also interested
It's a little difficult to see the reality-

What can I study to learn more about the Asian cryptocurrency project?

Please exclude Tron. I hate Justin. I was hit hard by Tron fi

This was a bit different as i think it was an overall cooling period for the market but it is matter of time when raging bulls will be back and market will print solid next leg up, i think upcoming weeks will be exciting for the market.

[SaveOurSea]

oh yes that's right, the dominance is down, the effect you get is that Altcoins are increasing,
try to see now, the dominance is at 63% and many altcoins are recovering quickly after yesterday's dump, I'm sure this is just the beginning for altcoins,
if the domination of bitcoin dump below 50 % thats happens is a mega pump for altcoin, so hopefully this happens as soon as possible.

[ultrloa]

No, when bitcoin goes up, all altcoin leeches go up because their price is measured in bitcoin.
When bitcoin falls in price, all altcoins go down in price, because their price is measured in bitcoin.

A little percentage only goes up but actually the real scenario there is when bitcoin price surge the price of alts will be left behind since they cannot get a huge demand because most of the traders are buying bitcoins and not looking for alts to trade or hold on. Also we are not talking about bitcoin price since the one ask by OP is dominance and if that one goes down for sure the market is healthy since the demand is now distributed to other alts in the market.

[goaldigger]

Not as fast as we think because if bitcoin falls, we will see the whole market to go done because people will panic and its normal, but after that good altcoins will slowly go up and recover and that’s the time for them to take advantage the market while Bitcoin is still down. Do look for greater project beyond Asian boarder, the market allows us to buy many coins/tokens as much as we want, just keep on learning.

[Samurai trieng]

The fall in BtC prices is a very natural thing to happen in the world of cryptocurrency, and in my opinion it will not affect the dominance of BTC over altcoins, because the decline is not too much, only a few percent, but if the decline in BTC reaches 50% it is likely that the altcoins will sink.  in the crypto market,

[tabas]

The guy could be part of Pando's marketing. He's adding it to the discussion to make it look like that he's unaware of it and only want to ask about it.

Anyway, I'm looking at the Pando project.
~
This project also has a blockchain-based web browser called Pandobrowser. and Pandopictures, pando messenger.. ETC and especially
browser has over 100,000 downloads, and it's pretty good.

and PANDO recently listed on bittrex

I'm also looking at software mining like PANDO

It is said that this one recently downloaded more than 100,000 and was listed on bittrex.

[jaocoincrypto18]

Everyone says and believes that when Bitcoin drops you buy Altcoins cheap then when the Bitcoin rises your Altcoins rises as well, so it is just playing with the roller coater ride. So more the BTC will continue to grow more the Alt’s will be growing, but this is purely a speculation, it may not happen - that is the funniest part about cryptos.

[el kaka22]

No no, that is not a "must". Could it happen? Of course it could happen, but think of a world where bitcoin goes down 10% but alts go down 20%, isn't that possible? That means in a world where alts go down a lot more, the domination level of bitcoin will be the same, that is why I do not worry about whats going on.

I personally believe that we are going to end up with a lot better domination soon with alts going up and btc going down, but that is due to bitcoin failing to go higher while alts have no trouble with it. If you put the same amount of money you put into bitcoin to make it go from 10k to 40k, but instead put it on ethereum? It would have been over 5k today, start of 2020 was around 150 bucks, so it would have gone a lot more times and profited you a lot more money. So long story short, smart money will start to move into altcoins very soon to make a lot more profit.

[Argoo]

oh yes that's right, the dominance is down, the effect you get is that Altcoins are increasing,
try to see now, the dominance is at 63% and many altcoins are recovering quickly after yesterday's dump, I'm sure this is just the beginning for altcoins,
if the domination of bitcoin dump below 50 % thats happens is a mega pump for altcoin, so hopefully this happens as soon as possible.

It seems to me that this does not work in all cases. Now in the cryptocurrency market, the dominance of bitcoin is falling or rising by only a few percent. However, altcoins always follow Bitcoin's price movements. Only fairly promising altcoins can show growth even if the price of bitcoin falls. However, this is rare. However, in general, I agree that with a strong drop in Bitcoin dominance, altcoins begin to rise well in value.

[lumierre]

I don’t think there will be any fateful events during the year. The cryptocurrency will continue to grow gradually. Naturally, we will see ups and downs in the middle of the year. Bitcoin will begin to fall sooner or later, so it's better to play it safe and pay attention to the top altcoins.

[South Park]

No, when bitcoin goes up, all altcoin leeches go up because their price is measured in bitcoin.
When bitcoin falls in price, all altcoins go down in price, because their price is measured in bitcoin.

I think the OP is confusing two different concepts which is the dominance of bitcoin and the price of altcoins, it seems he thinks that just because the dominance of bitcoin is going down this somehow means that the price of altcoins should go up and this is not always the case, if bitcoin crashes and it does at a faster speed than altcoins then bitcoin losses dominance but still the price of altcoins is not going up, what happens is just that altcoins are crashing slower, I know this scenario is not the most common but it happens from time to time.

[bitgov]

In my opinion, when it comes to the dependence of the price of altcoins on Bitcoin, it is largely influenced by the speed of how the price changes and I see there three situations. When Bitcoin's price rises very quickly, altcoins will drop as investors move funds to BTC. When the price of Bitcoin rises slowly, so does the price of altcoins rise because more investors see interest in whole cryptocurrency market. When Bitcoin's price drops, altcoins also fall.

[Quidat]

Dominance doesnt really affect the price and doesnt really correlate from time to time and to think that funds or money can flowed outside the market which simply
means it wont be really transferring from bitcoin to alts. Try to look in various situations where dominance do tends to shift, you can actually tell if it did rise
or not, for some cases or situations then there might be some significant move but its not a precise thing for you to rely on using it as your main indication for you to invest on alts.
For question if its common then its not because as i said earlier it wont really be correlating from time to time.No valid indication that this is really a sign of shifting.

[samcrypto]

Altcoins depend on Bitcoin, same with investors and just like what happened on the previous trend where Bitcoin goes down the whole market goes down as well like a dominos. Bitcoin dominance will not go down as long as its on the top position, maybe you’re referring to its price but not with Bitcoin as a whole. If its a good altcoins then expect it to rise even Bitcoin goes dump, its just a matter of time to see this, places of cryptocurrency is not the only basis, look for their services too.