Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: groundyouall on June 21, 2022, 07:39:17 PM

Title: Dominance and Robbery, the money game of btc dominance #2 (keep updating)
Post by: groundyouall on June 21, 2022, 07:39:17 PM
(https://layer8.space/system/media_attachments/files/108/516/530/820/343/394/original/69c21e3cb14dc1e0.jpg)
Previous: https://www.altcoinstalks.com/index.php?topic=255438 (https://www.altcoinstalks.com/index.php?topic=255438)

Same as May 2021 I mentioned before, the price and D fell at the same time (bitcoin lose more than altcoins). And also the cause of the crash is outside the crypto world: the rate hike. Meanwhile in China, the COVID-19 lockdown in several cities has led to the bankruptcy of small and medium-sized enterprises and layoffs by internet giants like Alibaba. Funds from Chinese retail investors are further reduced, the 'tools' to spread excessive panic are lost which makes the manipulation of D is close to total failure.

Also like I mentioned, if those Chinese miners decide that the D can no longer be maintained then it's possible that they will dump all their holdings.
Title: Re: Dominance and Robbery, the money game of btc dominance #2 (keep updating)
Post by: groundyouall on July 19, 2022, 04:22:56 PM
Some thoughts:

1.Many people once agreed that the price of btc would reach 100k. This prediction was made when btc dominance was at 65%. When the btc price was at 69k, the D was at 45%. The simple calculation: (100k*supply)/65%≈(69k*supply)/45%. So I think the 100k btc theory accurately predicts the total market cap of the crypto market and shows us the importance of maintaining the D to miners.

2.Miners, mining groups or 'pure bitcoiners', they can just crash altcoins and leave others guessing why. It is in their interest to bind the concept of blockchain, cryptocurrency, btc and POW mining. They don't even want the outside world to know the existence of altcoins or other choices. People like well-known developer or CEO of a big company directly spread rumors attacking other cryptos, which means that the fake and fragile number one of that prototype is about to collapse.

3.We are going through the same process as 2000 and the alts/btc direct trading should be cancelled. You can't imagine if Amazon's value was measured by the count of domains.