Altcoins Talks - Cryptocurrency Forum
Earning => Awards, Contests & Voting => Voting => Topic started by: Ferki on May 18, 2021, 11:06:38 AM
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Bitcoin hit a low of 33 percent in terms of market dominance in January 2018, as it cooled off from its all-time high at the time.
The altcoins hit their own all-time highs as a result.
This is currently the third lowest level ever. It reached the second lowest three years ago, namely in May 2018, when the market share was 36 percent.
(https://s3.cointelegraph.com/uploads/2021-05/6189c6c1-ae3c-4095-9c05-eac4d4831796.png)
The total market capitalization of all Altcoins is currently 1.25 trillion. U.S. dollar. Last week it hit an all-time high of almost 1.5 trillion. U.S. dollar.
Bitcoin is now down 35 percent since its all-time high on April 14th. Several altcoins, on the other hand, have seen much weaker falls.
Many traders and also Hodler still believe that the Altcoin season is starting right now because Bitcoin dominance has fallen below the 40% mark.
What do you think about this? Do you think that the altcoins will still experience a rally or are you the one who doesn't believe in the blunt "dominance chatter"
It would be nice if you could explain your choice a little more extensively and, if available, provide evidence.
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I am not really so sure with the idea that if Bitcoin's dominance in the crypto market is going to fall, we can see a corresponding upward tick for altcoins. Well, it can be possible, but we also have to remember that many alts are taking their cues from Bitcoin, so it is possible that when BTC is down many alts will also go down. When the general sentiment of the market is going down, I don't think we can expect that people will be confident enough to invest with alts. Anyway, I am hoping that I am wrong since I really on't have any BTC right now so what I have in my wallets are alts.
The next question is: Are we then entering another "winter" season for cryptocurrency? During winter, it does not matter if you are into Bitcoin or alts as everything can be cold and frozen.
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There was a big correction of the cryptocurrency market, but what will happen next is not clear, perhaps the cryptocurrency market will begin to correct again, and perhaps another growth of cryptocurrencies will begin, although the growth of cryptocurrencies has already been going on for a very long time and everyday I less believe in the growth of cryptocurrencies, since we not saw big correction already long time, so we must always remember about a big correction that can start at any moment, but I still hope that this correction will not happen yet at least this year.
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Currently the dominance of BTC continues to decline. This is great for Altcoins as a lot of the bullrun profits from BTC are pouring into the Altcoins and the Altcoins' price will increase. Some of the first top Altcoins had a positive impact due to their popularity and safety. Then will be followed by several altcoins that have strong growth.
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The next question is: Are we then entering another "winter" season for cryptocurrency? During winter, it does not matter if you are into Bitcoin or alts as everything can be cold and frozen.
In my opinion this is the best season in crypto. In winter everything is cheap, and you can pick out the many projects. In the last 5 years it has certainly crystallized which projects can survive such a winter.
As always, the most important thing is how to prepare for summer in winter.
Only one thing is different in crypto winter than in normal life, you don't know for sure when it will hit you.
So be ready this time ;)
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There was a big correction of the cryptocurrency market, but what will happen next is not clear, perhaps the cryptocurrency market will begin to correct again, and perhaps another growth of cryptocurrencies will begin, although the growth of cryptocurrencies has already been going on for a very long time and everyday I less believe in the growth of cryptocurrencies, since we not saw big correction already long time, so we must always remember about a big correction that can start at any moment, but I still hope that this correction will not happen yet at least this year.
In short, do you choose all 5?
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By seeing the movement of the market i am seeing a pretty good chance of the starting of an altcoin season. Maybe it will not be the biigest alt season of this bull run but we may see some good movement in the altmarket. Because all the situation are going for altseason just some FUD are on the market.
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Crypto is growing into a healthy 11 year old now and should take care of itself. So take a chill pill, bitcoin and the alts would be okay at last
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Sometimes, I don't believe in repetition of history because things change and they need to be consider including the economic.
The sell is actually trigger by fear that Tesla will sell there own shares of bitcoin but they actually announced that to be cleared, they haven't sell any bitcoin though the wall of jerico has already fallen and the did has been done.
Altcoins would so far this dump that much though I mean high demanding projects.
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If I judge this is reasonable, the decline and increase in the price of Bitcoin occurs very often at any time because the value of Bitcoin and other Cryptocurrencies is fluctuating. Many people predict that if there is a price dump on Bitcoin this is an altcoin session to go up. However, because Crypto prices are difficult to predict, we still have to be careful with our money.
The question is, Will history repeat itself? If he is, then we are better off holding USDT than holding Altcoins.
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The fall in the level of capitalization and the dominance of bitcoin in the cryptocurrency market has been observed for a long time. This means that capital flows from bitcoin to altcoins. I always regard this as a positive process, since the bias towards one cryptocurrency, especially with outdated technology, does not contribute to the overall development of this market.
Now the price of all cryptocurrencies on the market has fallen and it is difficult to understand in which direction it will continue to move further. If this situation persists in the near future, then it will probably be until the fall until autumn. In the fall, I expect the next wave of price growth.
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With the ongoing dump of bitcoin, the price of altcoins is also falling against the dollar. Therefore, the increase in the price of altcoins in relation to BTC is little consolation.
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If we see the current market nothing is predictable at the moment and the whole crypto market is dropping hard. Certainly, we do not know where it will stop. The market is brutal. Fud causes panic selling and we all are watching panic selling. At this point, we can not say when altcoins will start rising but I believe only BTC & Ethereum will rise more than other coins in the coming days after the current blood bath of the market.
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Too much fear in the market today, it makes people panic and sell their bitcoins. I don't know if the bullrun trend will happen again or the market will crash again, this time I can only watch and wait for where the market will go.
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With the ongoing dump of bitcoin, the price of altcoins is also falling against the dollar. Therefore, the increase in the price of altcoins in relation to BTC is little consolation.
Majority of the altcoins also trended in a bearish run in the last couple of days just as Bitcoin was dumping all the major altcoins also dumped the likes of ADA, EOS, XTZ, ETC,LTC, BCH etc shared the same market sentiment with Bitcoin, thus we can only see an upward movement of altcoins when Bitcoin begins to pump, thus buying at dip should start in earnest.
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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.
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Nasty hit. As always, like previously mentioned, it will be fine. Don't worry about these dips - Part of the business
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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.
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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
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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Not yet, the Bitcoin market has not collapsed because Bitcoin is a very good asset to own in the long term.
The market currently tends to fall in price and it will definitely take time for Bitcoin to recover and rise again.
Just look at the Bitcoin chart whose price is dropping every day and this is difficult to control because everyone doesn't believe in investing in Bitcoin yet.
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Not yet, the Bitcoin market has not collapsed because Bitcoin is a very good asset to own in the long term.
The market currently tends to fall in price and it will definitely take time for Bitcoin to recover and rise again.
Just look at the Bitcoin chart whose price is dropping every day and this is difficult to control because everyone doesn't believe in investing in Bitcoin yet.
actually the character of bitcoin is like that, if it experiences a correction, before it increases it will take a long time to find and gain momentum to get up again.
The current price goes down and up is often done after correction, but the price range is always maintained, it doesn't go up high and keep falling. so bitcoin keeps the price in a stable state for some time and when it reaches its momentum, bitcoin will increase again.
please keep in mind that this correction is due to the external case of bitcoin which is unavoidable, but they are used to experiencing this. remember that the year-end halving effect is yet to be seen and will continue to run as originally predicted that the end of the year will be a surprising renewable ATH.
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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.
SOL is now moving on a downward chart and in the event of a breakdown of the price down, it will be possible to buy at $20-25. But this opportunity will not be available to everyone, because most have already fully spent stablecoins to buy altcoins.
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The trend towards a slow decline in the percentage of bitcoin price dominance over other types of cryptocurrencies has been around for a long time. In general, I have a positive attitude towards it, because it means that more capital is redistributed to altcoins. This is not bad because altcoins are developing and improving rapidly, while bitcoin has practically stopped in its development. Of course, there are many useless and fraudulent projects among the new altcoins, but there is no other way of their development yet.
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i dont think so its time to buy bitcoin or altcoin i think we have to wait for dip market is bearish its plan to pump we should wait for when bitcoin touch 24k at that time to buy it.
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I think market will keep in a bearish tone and trade in ranges for maybe few more weeks so that short term greedy buyers will get disappointed and exit the market so as the selling pressure reduces bulls will be back eventually.
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it is quite unfortunate that Altcoins are bleeding currently with bitcoin. this wasn't my expectation because i think as btc dominace drops, altcoin might may a powerful movement. i think altcoin will break away from btc dominance. as btc plummets, so do Altcoins. it is still obvious that BTC controls the altcoin market. No caps about it.
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Perhaps the altcoin season has already begun, but it has always been profitable to trade with bitcoin. This share of the altcoin market was partially made by bitcoin itself, because a lot of traders trade in tandem with altcoins, so such a share of the altcoin market is not without the help of our old friend bitcoin.
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When the cryptocurrency market begins to rise in value, the price of bitcoin usually rises first, the level of its capitalization increases, and after a while, but not always, altcoins begin to rise in price. When the price of bitcoin reaches its high level, after a certain time, capital begins to flow into altcoins. Bitcoin capitalization falls, the altcoin season begins.
Now, in my opinion, the price and capitalization of bitcoin is growing. Its price has surpassed $ 62,000 and is likely to hit its previous record price soon. Then the time for altcoins will come.
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Currently the dominance of BTC continues to decline. This is great for Altcoins as a lot of the bullrun profits from BTC are pouring into the Altcoins and the Altcoins' price will increase. Some of the first top Altcoins had a positive impact due to their popularity and safety. Then will be followed by several altcoins that have strong growth.
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i dont think so its time to buy bitcoin or altcoin i think we have to wait for dip market is bearish its plan to pump we should wait for when bitcoin touch 24k at that time to buy it.
In fact, the market is moving much faster now than in 2018.Last time it took us 3 years to get to the top.Now it took half a year. I think this is happening because of the greater adoption of cryptocurrencies.