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Author Topic: BTC Dominance increases again and what happened to altcoin?  (Read 359 times)
Handsome Boy
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February 06, 2021, 01:23:52 PM
 #1

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin.

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February 06, 2021, 01:54:26 PM
 #2

Currently the Altcoin dominance index is dropping hard! This is the time to get out of the alts, so take profit and get into BTC and USDT. If Bitcoin makes a new ATH it's likely that the altcoins will dump and that's we can buy more altcoins.
like you said the altseason will arrive soon.

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February 06, 2021, 02:05:31 PM
 #3


then what do you think will happen? and if I personally hope point 1 will happen Grin.

Maybe it is the choice that everyone will choose no 1 without you having to make a choice. because the desire to always be lucky is number 1, so I am even suspicious of people who insist on choosing No.2.
this is only hope, but when looking at the state of choice no 2 always comes true. Grin Grin

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February 06, 2021, 03:54:34 PM
 #4

It is a big moment for us as bitcoin prices become stronger this day. I think bitcoin will break $41k soon because the chart is at a green candle, so maybe in the next few hour or days, we will see the price increase to that price or even higher. The next ATH for bitcoin will happen soon, so you can prepare to sell your bitcoin at that high price. But be careful because the price can give another surprise to us. Many possibilities will happen to number 2, and we can see the price will increase more or it will go down as before, so we can wait for that.

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February 06, 2021, 04:38:22 PM
 #5

I remember last time in 2017 we had not seen such a case. This time, the pump seems different from that one. However, even though BTC price is close to the ATH, the domination in compare is still in better position for altcoin. If I'm correct, during the ATH, BTC domination was around 70 almost.
I think after this pump, BTC will gradually fall and altcoin bull will get started.




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February 06, 2021, 04:51:29 PM
 #6

In two ways it could be because bitcoin has dominated the new ATH price and I believe this will happen in the next few days maybe $ 45-50k.
I only think that when the price continues to bull run, it is possible that the altcoin season will start. They will create a new ATH afterwards but basically we have to look at history like in 2017 there will be big bearish afterwards? This also needs to be corrected because this dominance will not be strong if the market is still influenced by a few people.
But I believe for now my self-confidence will be stronger so that it will last more.

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February 07, 2021, 07:49:42 PM
 #7

Bitcoin continues to grow in strength, and this can only mean that altcoins will go up. The crisis continues, large corporations need to look for alternative sources of investment. Therefore, the cryptocurrency will grow and develop, Bitcoin and Ethereum for sure.

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February 07, 2021, 08:01:44 PM
 #8

Altcoins are doing fine but only the good ones. You should stop looking at the market as a whole and focus on the important projects.

I held ADA for a few years and this coin is doing great. ETH is good as well. I bought it 2 years ago when people were predicting that it would go lower.

At the same time I kept saying that XRP is shit and, behold, it doesn't follow the Bitcoin's bull market.
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February 07, 2021, 08:04:38 PM
 #9

A "Double Top" has formed on the chart, which is a pattern that signals a trend change. Accordingly, the market can change the movement in a bearish direction. We also have cycles by which the market should turn into bearish.
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February 07, 2021, 08:14:58 PM
 #10

A "Double Top" has formed on the chart, which is a pattern that signals a trend change. Accordingly, the market can change the movement in a bearish direction. We also have cycles by which the market should turn into bearish.

"double top" in what chart  mate ? because i don't see any double in the chart
i hope you will give a clear screenshot about the double top
by the way, for everyone don't be greedy

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February 07, 2021, 08:21:23 PM
 #11

If you see the Btc.D chart in 4h timeframe, its still in down trend channel and im sure its gonna decrease more in several days.
Also altcoin are back to the accumulate session to gain strength to go up.
Im pretty sure we are gonna have altseason in several next weeks.

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February 07, 2021, 08:49:45 PM
 #12

Just like a few years ago, the story of bitcoin and its post-growth behavior is full of myths and legends. In my opinion, this time we will have a fascinating show with ups and downs until everything ends as it did in the past. This time we can see 50 thousand for one bitcoin even before the summer. The whole question is how to catch the moment and not be at the bottom of the market.  Huh

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February 07, 2021, 08:52:07 PM
 #13

1. Isn't it the altcoin season already for which we've seen that there are too many altcoins that are rising and reaching ATH just like Binance Coin?

2. Right. It is usually followed by a bear run but it seems we're not yet there.

What I think will happen is that we're not yet in the bear market but you can still make money from the drop and rise of bitcoin and with the correlation of altcoins on it.

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February 07, 2021, 08:59:07 PM
 #14

Bitcoin's dominance refusing to go below 60% and remaining there is a clear indication that the bulls are still pulling the strings and dictating the pace. It simply means that there is still room for upward movement. For me, until the dominance goes below that level of 60% the alts won't have any rally. It's even a good thing that some alts are mooning already even at a time Bitcoin is yet to slow down breaking fresh ATHs. 2021, from the look of things, will be a highly favourable year for cryptocurrency and this will surpass what happened in 2017 as more institutions are queuing up in Bitcoin patronage.

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February 07, 2021, 09:00:18 PM
Last edit: February 09, 2021, 12:12:58 AM by Danslip
 #15

BTC is increasing and it seems BTC will not stop. There will be some effects on altcoins, but to tell the truth, the situation will not be the same for every altcoin. l mean BTC price increasing affects so good the price of ETH and maybe other top altcoins, about other projects it is not same. On the other hand l hope, altcoins season will happen in the near future, in my view, we should wait for this time. I wait for the lower BTC dominance over altcoins because all investors sell Bitcoin in order to invest more in altcoins. It is risky to buy high price altcoins but the risk will pay one day. Hope that day is closer than ever.

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February 07, 2021, 09:55:31 PM
 #16

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin.
At this point of time i do not think it is wise to discuss bears qs this whole year is expected to be bullish not only for bitcoin but altcoins as well and all good projects will moon it is just a matter of time just stay positive.

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February 07, 2021, 10:51:42 PM
 #17

today we see BTC Dominance increase to 61.9% and this gives us two possibilities, that is :
1. we will see the price of BTC will make its new ATH price and after the price of BTC makes a new ATH price, then there will be an altseason (bull run for altcoin)
2. after the bull run in Bitcoin (Bitcoin price increased very high and created a new ATH price), then what happens next is the market experiences a bear run (the price of altcoin goes down)

then what do you think will happen? and if I personally hope point 1 will happen Grin.
point 1 has happened, still only some altcoins have increased, in my opinion after point 1 has passed, point 2 will definitely happen, just waiting for the right moment. So my advice is to prepare to buy at a low price when the market drops significantly later on

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February 07, 2021, 11:22:17 PM
 #18

About point 1 and that depends on bitcoin, the dominance of bitcoin increases a lot but it doesn't mean altcoin will be always following it. Sometimes the opposite thing is happening.
I should remind you that when bitcoin increases and altcoin can go down or stabilize (lose in term of bitcoin pair)

I think that point 1 could happen but about point 2 will be happening when the bearish trend will come.

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February 07, 2021, 11:38:51 PM
 #19

BTC is increasing and it seems BTC will not stop. There will be some effects on altcoins, but to tell the truth, the situation will not be the same for every altcoin. l mean BTC price increasing affects so good the price of ETH and maybe other top altcoins, about other projects it is not same. On the other hand l hope, altcoins season will happen in the near future, in my view, we should wait for this time.

Because not all alts are worth in the market. That's why only few can keep up with bitcoin.
Most alts have their own fate as it entirely depends on their respective devs.
It doesn't depend on btc market but how the devs are progressing with their developments.
That's why most alts don't follow the trend of bitcoin because they have their own little world to follow.

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February 07, 2021, 11:47:40 PM
 #20

Maybe it will effect to the drop in altcoins' prices, but I think it won't be a long time. The increase of Bitcoin price will lead to the low demand in altcoins, so in the few days the price of most altcoins probably to decrease rather significant. But we don't need to be panic, just hold and keep calm. We wait to the next soar to trade again altcoins.

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