All Eyes on BTC Dominance!

[revilo]

The dominance will vary over time. When Bitcoin increases its dominance will increase and afterwards comes a time where Bitcoin holders take there Bitcoin and invest them into alts. Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.

[Banulit]

Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.

[bryant.coleman]

Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.

Bitcoin dominance of less than 50% means that we are entering the overhyped territory in cryptocurrency market. Given the current user base, adoption and acceptance, the fair market share expectation for Bitcoin should be around 80%, and that for altcoins should be around 20%. The current spike in altcoins is caused purely as a result of speculation. Because of the hype, many of the useless shitcoins are also having valuations of tens of billions of USD, which is not sustainable in the long run.

[lexkiee28]

As of the moment the bitcoin dominance is already below 50% and I guess that it can go down until 45%. With the bitcoin dominance dropping is a good sign for us to shift to altcoins because I can feel that we are now near to the alt season.

[Ararbermas]

Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.

i believe also. Because when bitcoin is increasing dominance there are some alt coins that falling afterwards, but not the entire alternative coin in the market FYI, wherein as the matter of fact there are also that doing the same reactions with bitcoin ,  Actually mostly traders using this technique when choosing a coin to trade and its useful in my opinion..

[btcltcdigger]

As of the moment the bitcoin dominance is already below 50% and I guess that it can go down until 45%. With the bitcoin dominance dropping is a good sign for us to shift to altcoins because I can feel that we are now near to the alt season.

Some say this bull run will be a bit different than the one in 2017 tho.
They call it a slow burner, meaning it will last longer, probably for another 9 months, but the price oscillation will not be as big as the previous one

[Golftech]

Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.

Good news for people who are also engaged with alts investment, the dominating factors of Bitcoin is now much lesser

meaning that Alts are also gaining attentions from investors,  the sideways though are just another test and seeing the

current movement the chance that it may bounce back to $60K level is very possible.

As of the moment the bitcoin dominance is already below 50% and I guess that it can go down until 45%. With the bitcoin dominance dropping is a good sign for us to shift to altcoins because I can feel that we are now near to the alt season.

Like what we are talking above, the dominance is much lesser and for crypto investors who also eyeing for good and solid

alt project, diverting some of your money to your chosen asset is also profitable.

[whiteblue]

Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.

If that indication is true, then almost 60% good Altcoins are good to buy at this point, just afraid that later the indication will be wrong so that many people will suffer losses before the Alt season starts.

[ILuckyGuyI]

Very interestingly, Bitcoin dominance is still continuing to drop down. It's dropped to %48.0. I really wonder what's the reason behind this huge decrease? Because the price is still at a decent level.

[ChaoChibai]

Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.

bitcoin price is still $54,000 decrease 10% comparing to the mid of this month. I also think bitcoin is less dominated now, I like to see altcoins has more power in crypto market. As the price of Bitcoin stagnates now, funds will begin to flow from Bitcoin to ethereum, then further down into the rest of the crypto market.

[tvplus006]

When we consider the recent bitcoin movements, we can say that we are slowly transitioning to the altcoin season. Bitcoin now seems stable.

The decline in the dominance of bitcoin means that investors are beginning fixed to  profits from the sale of BTC and invest the funds received in altcoins. For this reason, we see that the price of ETH relative to BTC has increased by 40% over the past month. And this is just the beginning of the altcoin season.

[Fivestar4everMVP]

Your prediction is definitely wrong @poster, I dont have to prove it to you but I believe time will be in a better position to prove this to you, so when time comes, we all know, in as much as to you, it sounds like you prediction is correct, don't take your word for it cus the crypto market is still very much unpredictable, things can change in a matter of seconds.
And speaking of bitcoin dominance, I don't know about other people's opinions but personally, I know that the lower bitcoin dominance goes, the higher altcoins start to go, so basically, if bitcoin rises to lets say 100k$ and it's dominance falls below 40 or 35 percents, altcoins will fly, not just fly but the entire altcoin market will be on fire, we all know that bitcoin has the most money in crypto  and its dominance reducing simply means its pushing some of those money to the altcoins.

[Cengghengmania21]

everyone must be focused on the btc price movement to hit the $ 100k level. but if we want to buy btc for the current price, it could be if we leave it then we will benefit in the next few months

[wxa7115]

The dominance will vary over time. When Bitcoin increases its dominance will increase and afterwards comes a time where Bitcoin holders take there Bitcoin and invest them into alts. Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.

This happens mostly because of retail investors, once the performance of bitcoin begins to slow down they turn their head to altcoins thinking they can get better profits, this creates a self-fulfilling prophecy as the profits altcoins produce begin to go up as more people decide to do the same.

However the increase in the price of altcoins comes from speculation, which means that as soon as the price increase of bitcoin resumes many retail investors leave altcoins behind and comeback to bitcoin producing a crash on the altcoin market.

[ipanks]

Upon checking in some chart reader bitcoin dominance is now at less than 50% which I think for every altcoiners its a good indication that we are near the alt season. Also we have seeing bitcoin price goes sideways.

If that indication is true, then almost 60% good Altcoins are good to buy at this point, just afraid that later the indication will be wrong so that many people will suffer losses before the Alt season starts.

Buying altcoin now still good, but you need to research for more because some top altcoins already increase and make a new ATH, so that will not be easy to find the right coins. If you still want to buy those altcoins, maybe you can wait for a downtrend for that coin so you do not buy at a high price. I suggest you be careful to buy altcoins.

[DigitalFox]

BTC dominance is now below 50%, this is now the start of the altcoins market, bitcoin is only fluctuating and it's not anymore creating a new ATH

It's been just 2 weeks since the last ATH and the one before that was in March. I don't think this is a valid point for assessment.

This is to confirm the altcoin season since Bitcoin stabilize on a good price for now and many altcoins are rising unexpectedly. The so called shitcoins are now rising and making a lot of money for the scalpers, if Bitcoin dominance continues to fall or to stay on this level for now, the altcoins season will become stronger so better to hold more good altcoins now since ATH with altcoins is still possible.

And the very next day BTC jumps up again LOL, right after I opened short positions.

[Cappex]

everyone must be focused on the btc price movement to hit the $ 100k level. but if we want to buy btc for the current price, it could be if we leave it then we will benefit in the next few months

I think this new bull run will be very different from the previous ones and if everyone expects 100k they will probably come but after that I would not expect a 70% dump but rather a continuous growth behind new institutional investors.

[devollito]

In the next leg up to $70k if btc dominance up, we will see altcoin corection, its indicate that there is no fresh money flow in to market.
But when btc dominance up and altcoin corection is not so dip thats mean fresh money is coming. I'd prefer second scenario because its mean more adoption.

[revilo]

The dominance will vary over time. When Bitcoin increases its dominance will increase and afterwards comes a time where Bitcoin holders take there Bitcoin and invest them into alts. Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.

This happens mostly because of retail investors, once the performance of bitcoin begins to slow down they turn their head to altcoins thinking they can get better profits, this creates a self-fulfilling prophecy as the profits altcoins produce begin to go up as more people decide to do the same.

However the increase in the price of altcoins comes from speculation, which means that as soon as the price increase of bitcoin resumes many retail investors leave altcoins behind and comeback to bitcoin producing a crash on the altcoin market.

It's like a mania. When I talk to friends who are in Bitcoin during the bull run, as soon as the bull run calms down the mania starts about what altcoin to pick now. Dozens of suggestions and explanations why that one is better than this one and what not .

Fact of the matte is that altcoin trading can be a great way to reap massive profits if you make the right picks.

[Maslate]

The dominance will vary over time. When Bitcoin increases its dominance will increase and afterwards comes a time where Bitcoin holders take there Bitcoin and invest them into alts. Once there is a sell off of alts some of that goes back into Bitcoin, increasing its dominance again. That's my train of thought about this.

This happens mostly because of retail investors, once the performance of bitcoin begins to slow down they turn their head to altcoins thinking they can get better profits, this creates a self-fulfilling prophecy as the profits altcoins produce begin to go up as more people decide to do the same.

However the increase in the price of altcoins comes from speculation, which means that as soon as the price increase of bitcoin resumes many retail investors leave altcoins behind and comeback to bitcoin producing a crash on the altcoin market.

It's like a mania. When I talk to friends who are in Bitcoin during the bull run, as soon as the bull run calms down the mania starts about what altcoin to pick now. Dozens of suggestions and explanations why that one is better than this one and what not .

Fact of the matte is that altcoin trading can be a great way to reap massive profits if you make the right picks.

There's always a condition, whether bull run or bear run, as long as you are smart and good in trading, you'll be able to make a profit as volatility will still stay. Trading this time is just easier especially for the newbie due to the bullish market trend, and yes, altcoins are more profit but they have a higher risk compared to bitcoin.