Bitcoin market share collapses: chance for altcoins?

[jonathancool220]

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.

[lepbagong]

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.

[tvplus006]

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.

[Astra]

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.

[syedrasool2011]

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.

[bigcash2011]

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.

[tonymillions84]

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.

[Callisto]

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.

[Noverteno]

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.

[Sumi]

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.

[LaZim]

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.