Bitcoin market share collapses: chance for altcoins?

[Ferki]

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.





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.

[TomPluz]

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.

[trauchot]

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.

[Mas Bro]

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.

[Ferki]

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 

[Ferki]

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?

[robert20]

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.

[Jaephoenix]

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

[Gurujebs]

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.

[Vx1]

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.

[Senin]

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.

[tvplus006]

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.

[gurunanakji777]

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.

[Hope4life]

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.

[gabbie2010]

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.