BTC dominance is about to plummet. Prove me wrong

BTC dominance is about to plummet. Prove me wrong.

Attached: btc.png (2384x1482, 469K)

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twitter.com/galaxyBTC/status/1097441977568841728
twitter.com/SFWRedditImages

They is all plumenting boi

Of course it will. Shitcoin scams are being created every single day. But that doesn't mean anything. BTC will always be the most liquid, most used coin.

This chart doesn't accurately represent the TRUE dominance. The 9 Alts should technically be bundled with all the 'others'. In reality XBT is holds just 1/3rd market dominance by volume and about 1/2 buy market cap. Its no secret that CMC favors XBT.

if market cap was weighted by liquidity within 10% of spot price BTC would have 90% dominance.

Exactly, this is the biggest meme chart that so many people reference. It's flawed data and gives no viable information to speculators or investors.

except it literally does and if you know how to chart it you will be able to accurately predict every altcoin bull market
t. been all in alts since November
and yes it is alt season, expect BTC dominance to make a new all time low this time, but don't baghold alts past that

Ok, then. Can you share the date of the next decline in XBT dominance? Or can YOU not actually read the chart and you're guessing that somebody can...

The entire market is about to plummet. Notice your choice of works bruh. You know it you just don’t want to believe it yet.

They cant ALL plummet retard. It is a dominance chart.

They cant all plummet retard, my lord what is up with you guys, 99% biz is brainlet tier.

we need something non-shit to replace it with i mean at least BTC isnt ETH

It's not a meme chart, it just shows that bitcoin dominance will have to grow in this chart, so other shitcoins have to go down. It's pretty simple really: bitcoin is gonna make a fast move and alts will go down, then bitcoin goes down as well. You can see by the charts bots are already accumulating a ton, there's at least 1-2 more years until alts pump again

Is this your first day in crypto? Most moves on the market related with bitcoin are highly correlated among alts.

it's not time dependent
maybe you'd start making money here if you weren't a retarded self absorbed hyperautist and actually learned TA

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you cant argue with the smartest guy in the thread. some people don't want to hear the truth because they are afraid it will destroy their illusions.

What all of you have to understand is, cryptocurrency still hasn't been adopted by the mainstream yet. What everyone is doing right now is betting on which currency will be the one to finally finish the race and win. When that one currency does win, the others all become instantly obsolete. There will only 3 at most, with 2 being the most probable. One public currency and one private one.

Some twitter guy prediction here:
twitter.com/galaxyBTC/status/1097441977568841728

Ok frens, are we not discussing the same chart? We're talking about the Dominance chart in OP's screen shot.

This chart cannot 'plummet' again, this is a dominance chart, something will always maintain higher dominance at a given time... they all cannot just goto 0 in a dominance chart.

I dont believe this to be the case. When crypto becomes adopted for commodity coins there will be many needed.

For example, all coins plummet but X, all coins dominance plummet save for X. The question you should be asking yourself is what coin is going to be X. And no, its not tether.

Businesses and other financial institutions relying on cryptocurrencies will not be bothering with more than 2 cryptocurencies at most. The aim is to be simple and streamlined. Maintaining more than 2 would be too much hassle. Even bothering with one is still a headache.

On another note, the perfect cryptocurrency doesn't yet exist, and by definition can't really exist. It would need to be like a mix of XRP and ZCash, mining is cancer but XRP isn't private when needed.

dominance doesnt matter. when theres constant creation of new coins with bullshit artificially inflated market cap and 0 buy support, then obviously its mathematically inevitable that bitcoin will drop to 1% and "others " will be 99% despite those "others" actual value being zero.

you are all equally right. in this meme chart, the sum of every data point cannot equal less than 100%. in life outside of this chart, fiat can go to 99.99% dominance and crypto can go to near zero

there will be one basically you dont use a different coin for a different shop do you, that would be unworkable, like amazon dollars and spotify pounds and applemarks

>mix of XRP and ZCash
add nimiqs ux to the mix