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Author Topic: Bitcoin Dominance Predictions?  (Read 8627 times)

Offline Filo

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Bitcoin Dominance Predictions?
« on: May 05, 2021, 04:05:59 PM »
Btc Dominance is around 45 percent guys.  I have never thought that it will fall below 40 percent but seems it will fall. What do you think for prediction for the  btc dominance in May? Its effect on altcoins in general?
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Bitcoin Dominance Predictions?
« on: May 05, 2021, 04:05:59 PM »

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Re: Bitcoin Dominance Predictions?
« Reply #1 on: May 06, 2021, 06:16:10 AM »
Below 40 or not by May doesn't really matter to me. I'm happy the way it is now but I won't mind if it drops further. BTC is steady above 50K which is great while many altcoins are also building upward momentum.

~ Its effect on altcoins in general?
Bitcoin dominance dropping just means most altcoins gaining on BTC.

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Re: Bitcoin Dominance Predictions?
« Reply #2 on: May 06, 2021, 11:04:10 AM »
May the Force of Altcoins be with us. We hope so as long as Altcoins are gaining and Bitcoin is stabilizing.

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Re: Bitcoin Dominance Predictions?
« Reply #3 on: May 06, 2021, 11:56:34 AM »
This is very good for altcoins as it means more capital is being poured into altcoins. I hope that someday the dominance of bitcoin in this market will still drop to such values ​​that it will lose its current price influence on altcoins. After that, there is hardly another cryptocurrency to take the place of bitcoin with such influence. Most likely, altcoins will be influenced already together by bitcoin, ethereum and possibly some more coins that will be close to them at that time in terms of capitalization. Since the price movements of the dominant coins can be different, it is possible that then the market will not experience such a deep and prolonged market decline, as there may not be strong price spikes.

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Re: Bitcoin Dominance Predictions?
« Reply #4 on: May 06, 2021, 01:12:02 PM »
Recently, a lot of money has been poured from bitcoin into other top cryptocurrencies such as binance coin, ethereum and dogecoin, and therefore bitcoin dominance is gradually falling, but I am sure that after a while, when bitcoin will start to grow, then people will start pouring money from altcoins into bitcoin to pump the bitcoin price as much as possible.
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Re: Bitcoin Dominance Predictions?
« Reply #5 on: May 06, 2021, 11:55:16 PM »
I think BTC.D will continue to decline and hit 35%. Thus the bullrun advantage will be transferred to altcoin and altcoins price will increase dozens of times compared to the current. Top altcoins will get the first positive impact because of their popularity and safety, but then we will soon see altcoins in top 100 have strong growth. At the same time, BTC will fluctuate around 50-60K USD.
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Re: Bitcoin Dominance Predictions?
« Reply #6 on: May 07, 2021, 07:18:22 AM »
Most alts are going to explode soon if this will continue below 40 thats why Im accumulating alts with low cap as much as I can since this altseason coming is a beast we will will have a nice profit when we are holding good projects let go alts I hope this will last for some months. 
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Re: Bitcoin Dominance Predictions?
« Reply #6 on: May 07, 2021, 07:18:22 AM »


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Re: Bitcoin Dominance Predictions?
« Reply #7 on: May 07, 2021, 11:01:11 PM »
Most alts are going to explode soon if this will continue below 40 thats why Im accumulating alts with low cap as much as I can since this altseason coming is a beast we will will have a nice profit when we are holding good projects let go alts I hope this will last for some months.

You are right, the altcoin season is about to explode, but I think there is still a long way to go, some projects have that hope, bitcoin dominance is around 42%, some alts are having a good rhythm, if we now put it in context BTC kicking off the bullish trend could trigger the altcoin season much faster.
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Re: Bitcoin Dominance Predictions?
« Reply #8 on: May 07, 2021, 11:57:23 PM »
Sure, it will bring impact to altcoin prices. If the dominance of Bitcoin is decreasing, it is a sign of the potential increase in altcoin prices. It is probably the massive increase to happen in the near future. So, just prepare your altcoin assets, it may be the time to sell in the next few days. I have prepared by buying more altcoins assets once they are in correction. At the end of the week, is the best time to buy. Or when there is a dump in altcoins because of the drop in Bitcoin price.


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Re: Bitcoin Dominance Predictions?
« Reply #9 on: May 08, 2021, 06:18:34 AM »
Btc Dominance is around 45 percent guys.  I have never thought that it will fall below 40 percent but seems it will fall. What do you think for prediction for the  btc dominance in May? Its effect on altcoins in general?

It doesn't matter to me if the price of Bitcoin increase or not, for what matters to me is that I earned good so far here in cryptocurrency compared to 2 years ago. Besides, I don't have any Bitcoin hold now but altcoins I do have a lot of them were some them I hold in the long term to get profit and some are for daily trade as well.
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Re: Bitcoin Dominance Predictions?
« Reply #10 on: May 08, 2021, 06:42:28 AM »
Actually Bitcoin dominance represents the level of global Bitcoin market demand, this is often used as a reference to determine market trends. If BTC drops <50% then there is a chance that altcoins will increase in value. But we need to know, the market often moves with a certain rhythm BTC prices increase followed by altcoins, BTC prices fall and altcoins rise, BTC prices fall and drag the altcoins, BTC prices tend to be flat as well as altcoins. whatever it is, we must be prepared to face every possibility, take advantage of the opportunities that exist as well as possible.
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Offline gurunanakji777

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Re: Bitcoin Dominance Predictions?
« Reply #11 on: May 08, 2021, 08:20:41 AM »
I am expecting Bitcoin dominance can hit around a 30% level on the other hand Ethereum can gain dominance by 25% but I won't say it will be in the month of May. Bitcoin is running sideways nowadays and Ethereum and Binance are gaining dominance with some other altcoins. I hope in the coming months altcoin will dominate 70% of the market and Bitcoin will dominate around 30% it can happen only when altcoins will also perform well.

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Re: Bitcoin Dominance Predictions?
« Reply #12 on: May 08, 2021, 09:08:41 AM »
I think Bitcoin's Dominance will still continue to fall below 40% market dominance, and it will trigger an Altcoins Season if this continue. But i don't think we will enter Altseason just yet. We need a strong rise from Ethereum and other top 20 Altcoins to trigger this kind of market. I hope we're ready for what's to come!
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.
.  Collect, Train and Race your Dragons  .
.
..PLAY GAME..

Offline Ferki

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Re: Bitcoin Dominance Predictions?
« Reply #13 on: May 09, 2021, 08:14:21 AM »
I think Bitcoin's Dominance will still continue to fall below 40% market dominance, and it will trigger an Altcoins Season if this continue. But i don't think we will enter Altseason just yet. We need a strong rise from Ethereum and other top 20 Altcoins to trigger this kind of market. I hope we're ready for what's to come!

Incredible, you missed the bull run? Are you still waiting for the altcoinseason?
How do you interpret the tenfold increase in the market in the last 12 months? Have you ever invested in crypto?
I already understand what drives you here, or what most of the people are doing here.
But you would get a lot more of it if you educated yourself in this area.
Learn about the technology behind crypto, learn about investment strategies and everything that goes with them, as well as the history of the global economy. Don't forget to learn about the global crises and what caused them and, most importantly, how to get out of them at a profit.

I have nothing against you personally, I used you as an example, there are a lot of forum users who think the same way as you do.
My only advice to you guys is education. You don't even have to go to school these days, as I see everyone has internet here. But don't forget that superficial learning does more harm than it brings benefits. Until the next crisis comes, and they always come, you should know what you can do.
« Last Edit: May 09, 2021, 08:21:46 AM by Ferki »

Offline Lukasz

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Re: Bitcoin Dominance Predictions?
« Reply #14 on: May 09, 2021, 09:45:55 AM »
Bitcoin dominance could have less and less meaning as many major currencies are decoupling from BTC a good example is doge it used to be that doge price was looked at in terms of staroshis now is looked in terms of dolars
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  Bitcoin 2.0 If Bitcoin was being
started over again, it would most
likely use the superior Ethereum
blockchain
platform.
     
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X10
 
faster than its
pre-decessor
‘Bitcoin’
   
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Based on
ETHERIUM
   
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