Bitcoin market share collapses: chance for altcoins?

[masterrex]

IMO, I believe that in this industry anything can happen without expectation. As we all know bitcoin has been so popular as a pioneering cryptocurrency that's why more institutional investors have been attracted to invest. But the market has its own way to correct everything and if we look at the charts you will see a "long green candlestick prevailing that Bitcoin was overbought" that's why the market started to correct it. As we see today the market was "bloody red" and most of the crypto prices are declining as much as 20-40 percent respectively, unfortunately, altcoins were tied up to the Bitcoin price momentum that's why it will also experience a massive decline in its total market shares. and Bitcoin market share remains the same at 42 percent dominance followed by Ethereum at 19 percent dominance. In the last 24 hours, $350 Billion in crypto market capitalization was wiped out. 

[jhm]

Nasty hit. As always, like previously mentioned, it will be fine. Don't worry about these dips - Part of the business

[dolcefarniente]

If everything is so bad on the crypto market and a "crypto winter" awaits us, then why did MicroStrategy buy 229 bitcoins on May 18th at an average price of 43.6k dollars, and did not wait until the bitcoin price fell even lower? Perhaps they believe that there will be no protracted and deeper decline of the entire market.

[Ferki]

If everything is so bad on the crypto market and a "crypto winter" awaits us, then why did MicroStrategy buy 229 bitcoins on May 18th at an average price of 43.6k dollars, and did not wait until the bitcoin price fell even lower? Perhaps they believe that there will be no protracted and deeper decline of the entire market.

Because he has a time horizon of 2 years and more. Sure, he knows what he is doing, that distinguishes those who want to get rich quick and those who act with brains and have patience and goals.
Whales buy and accumulate, the whales eat the shrimp and small fish (I know what else the whales eat ), and the weak hands sell at a loss. It has always been like that in this business
And Michael J. Saylor has diamond hands, learn from Saylor I would say

[KryptoBull]

BTC is the market leader, but I don't believe the market has reached the limit of this bull run. It is still too early, and the price of BTC has not yet reached the price in PlanB's S2F model.
Maybe we need to wait for news on market situation, I'm still buying more crypto.

[Seerge]

Until now Bitcoin still dominates the Cryptocurrency market despite the decline in the last few days. However, many people believe that at the time of the Bitcoin market collapse this is an opportunity for Altcoins to increase. Until now this has not happened, let's see together how long Bitcoin will continue to fall and how the next Altcoins price movement.

[Alcor]

If everything is so bad on the crypto market and a "crypto winter" awaits us, then why did MicroStrategy buy 229 bitcoins on May 18th at an average price of 43.6k dollars, and did not wait until the bitcoin price fell even lower? Perhaps they believe that there will be no protracted and deeper decline of the entire market.

We can make sure that such large companies as MicroStrategy do not always take the right actions in the cryptocurrency market. This campaign bought a decent amount of bitcoin at over $ 43,000 and this happened on the eve of the bitcoin price drop to nearly $ 30,000. Even after a month, the bitcoin price still hasn't hit $ 43,000.

[Giangphuong8489]

When check the ALTBTC and ALTUSDT charts, the indicators are showing that they are in an accumulation phase to enter a new bull wave. With top coins like EOS, XRP, LTC, DASH… growth opportunities still exist and I believe we will see their new ATH soon.

[dautuonline]

Several governments have been interested in bitcoin. You should not worry because things like this are things that will happen in the future.
Btc is always the leader of the market

[Delgboke]

People are always panicking when such occurrence happen in cryptocurrency market where Bitcoin price keeps on going down on daily basis and weekly basis without no positive move I was thinking that people would have getting used to rise and fall in cryptocurrency market because is not new or because so many altcoins are realing on Bitcoin to be able to grow in value, for me I don't see any reason altcoins just depend on Bitcoin to be stable in price value.

[tvplus006]

This is a common practice, with a decrease in the dominance of BTC, the price of altcoins increases in relation to bitcoin. But this does not guarantee that the price of altcoins will increase against the dollar if the price of BTC decreases.

[Prime]

Market share? Do you mean 'stock market'? If the stock market turns to a bearish trend, people probably move to crypto market. There is no hope for people to get good profits on stcok market if it is in bearish trend. It already happened several months ago once many people from stock market come to crypto market. They joined crypto market because they know the potential in crypto and at that time stock market wasn't in a good situation.

[xeroz]

Well, not only the price of Bitcoin that is decreasing but also the market volume based on traffic or transactions during these two months is also decreasing. This is not a good sign actually because the sudden down price has happened and now it is still struggling, but so many FUD.
Well, let's see what will influence to altcoins whether they will be also decreasing or increasing.

[KryptoBull]

I believe this is a good opportunity for us to buy some potential topcoins like SOL or NEAR. I really don't care much about Bitcoin's fate, I just focus on altseason to get profit in this bullrun I believe every altcoin has its own journey for the investor to make a profit.

[Limabd]

The crypto market is very volatile. The current market is not predictable at the moment. It is difficult to say what will happen to the market. The market is going down very strongly. And moreover with the ongoing dump of bitcoin, the price of altcoins is also falling against the dollar. So it can be called a kind of consolation.