South Park
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April 11, 2021, 07:47:18 PM |
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I don't really agree with your opinion, it looks very clear if bitcoin is experiencing a tremendous bullrun, but altcoins are not inferior to bitcoin, for example BNB, ETH, DOT, and many other altcoins that have increased up to 10x.
Obviously the market already tells us that the altcoins season is already here, BTC dominance rate is already down to 54%, we have seen it down that low before, it's because major altcoisn are growing specially BNB, so I conclude that we are in the altcoins season already. Bitcoin dominance is still going down and now it is below 53% what it will be interesting to know is how low it could go, during the previous bull run we saw the bitcoin dominance dropping to the thirties, however I do not really see that happening now as the strength of institutional investors is simply too great and when we consider that they are really not interested in anything other than bitcoin then I do not see how altcoins are going to have any chance of lowering that dominance to those levels again.
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gerryhartell
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Activity: 170
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Tontogether | Save Smart & Win Big
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April 16, 2021, 07:31:07 PM |
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As of now establishments, financial backers are as yet centering and directing every one of their assets in Bitcoin.However, altcoins are still moving forward. I sometimes notice that when the price of Bitcoin goes down, the price of Altcoins goes down, when the price of Bitcoin goes up, the price of Altcoins goes up. But billions of dollars are being invested in Altcoins.
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cafee_orange
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April 16, 2021, 08:09:57 PM |
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I think all altcoins also have the support of funds from every investor to move the price. altcoin price movements during this period were quite large compared to previous years.
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Maslate
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April 16, 2021, 10:49:48 PM |
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I think all altcoins also have the support of funds from every investor to move the price. altcoin price movements during this period were quite large compared to previous years.
Not really that large, you can verify it by comparing the dominante rate of bitcoin in the past bull run to the current. As of the current ( https://coinmarketcap.com/) you can see that its still 51% dominant rate for bitcoin, last altcoin season it drop below that percent to 40% ror 3% range.
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Hypnosis00
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April 16, 2021, 11:20:40 PM |
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As of now establishments, financial backers are as yet centering and directing every one of their assets in Bitcoin.However, altcoins are still moving forward. I sometimes notice that when the price of Bitcoin goes down, the price of Altcoins goes down, when the price of Bitcoin goes up, the price of Altcoins goes up. But billions of dollars are being invested in Altcoins.
I'm glad to have this, and even despite the market manipulations, prices still moving freely up and down. What I observe since before, altcoins still relying on and following the trend of Bitcoin. We can see sometimes that the dominating percentage of Bitcoin drops but it never stays that short for long as it eventually backing up in a few days. I'm looking forward to seeing the current momentum will stick until the end of this year but not sure if investors could still able to hold their coins and not tempted to sell them.
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ene1980
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April 16, 2021, 11:45:33 PM |
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As of now establishments, financial backers are as yet centering and directing every one of their assets in Bitcoin.However, altcoins are still moving forward. I sometimes notice that when the price of Bitcoin goes down, the price of Altcoins goes down, when the price of Bitcoin goes up, the price of Altcoins goes up. But billions of dollars are being invested in Altcoins.
The institutional investment is not just centered around bitcoin, i am pretty much sure that they are diversifying their assets in the top coins and then there are manipulators who wants to pump the coin which is taking the market to new levels we have not seen in a long time and look at the price of Doge coin as it rallied a crazy 300% in the past 24 hours which no one anticipated and so does BCH and BSV.
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JohnBitCo
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April 16, 2021, 11:58:57 PM |
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I don't really agree with your opinion, it looks very clear if bitcoin is experiencing a tremendous bullrun, but altcoins are not inferior to bitcoin, for example BNB, ETH, DOT, and many other altcoins that have increased up to 10x.
Obviously the market already tells us that the altcoins season is already here, BTC dominance rate is already down to 54%, we have seen it down that low before, it's because major altcoisn are growing specially BNB, so I conclude that we are in the altcoins season already. Bitcoin dominance is still going down and now it is below 53% what it will be interesting to know is how low it could go, during the previous bull run we saw the bitcoin dominance dropping to the thirties, however I do not really see that happening now as the strength of institutional investors is simply too great and when we consider that they are really not interested in anything other than bitcoin then I do not see how altcoins are going to have any chance of lowering that dominance to those levels again. This will be the biggest altcoin season if the Bitcoin dominance falls below its support. Current stats shows that we are in the peak of altcoin season.
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raji1995naya
Member
Offline
Activity: 812
Merit: 10
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April 17, 2021, 07:51:42 PM |
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All you have to do now is wait for the BTC to stabilize. It's time for a bull run because big moves don't happen every day. Several institutions, however, are also active in ALTS. We should be able to make a profit if we get through those ALTs.
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Sanitough
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April 17, 2021, 09:06:45 PM |
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All you have to do now is wait for the BTC to stabilize. It's time for a bull run because big moves don't happen every day. Several institutions, however, are also active in ALTS. We should be able to make a profit if we get through those ALTs.
I hope its not too late for some to get into alts, the altcoins season has already started, some altcoins have increase 50 to 100 times, and some even more, so imagine if the price will correct and we will be in the bear market. As an investor, we should be wise and always be open for all the possibilities so we don't just get into FOMO without another option to minimize the risk.
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