BTC dominance has been going down for the last month. It is now lower than ever. However, the market cap is still rising.
If this trend continues, then it's either Ethereum season or alt season.
Start looking into alts, if you want to make some gains. BTC is dying out.
btc dying :D, hello newfag
>36%
>lower than ever
but that's false.
it was lower every day from Jan3 - Feb14
You're forgetting it's about to be upgraded, user. When this happens alts will bleed and bleed lightning fast.
This.
>upgraded
wut
You don't deserve those digits newfag
Prove it
Are you retarded?
Yes, it's low.
But it's not lower than ever.
No reason to spread disinfo to make a point.
What
Forgot to add text. You're right about that. It was 2% lower. However, every major currency saw just as big of a dive as people froze their stuff in Tether.
Now, look at BTC dominance dropping while Eth, BCASH etc keeps climbing.
Major investors are starting to add other currencies to their list, bought with BTC.
Exchanges are coming out, saying that USD pairs might be coming soon.
BTC was first, others are gong to come along and take some market share, BTC will not die anytime soon. best of luck newfags
>add more coins to coinmktcap every day
>hurr btc dominance dropping
The absolute fucking state of biz
actually the perfect time to buy and hold some BTC if you don't want to miss the next rally. if there are real signs of another rally alts will get fucked in the ass so hard you won't believe. same will happen however when BTC dumps.
Read what you wrote and think about it.
there is nothing wrong with that you literal retard
Read what you wrote and think about it.
Adding a coin with $1000 market cap wouldn't do shit
The coins that are added have to be worth a lot already to move the total - if they're worth a lot when added, it's not the adding part that matters
it's the amount of money people put in buying them - which means more money flowing into crypto
over 600 coins in #400-1000 alone with 1 to 21m market cap.
Lol fucking retard
I'm hoping for this already have my buy orders set while I'm all in on btc
oh, and there is not "money flowing" anywhere when you create coins with arbitrary amount of anything, buy one coin overpriced and generate a random overpriced market cap.
are you literal retards really that stupid? also when BCH was forked and market cap suddenly increased by billions, no fucking cent was flowing into crypto. fucking use your brain for once.
When? Ln is still months away from being fully functional....
Yes, dumbass. That means people spend money to buy them. That's not the website's fault, that's actual money flowing out of BTC into alts.
Also, what's the total? 10 billion? Does that even affect anything? Like a few percentage points at most?
it's the same way for BTC, in case you didn't notice
you can't actually sell all BTC for the current price, so the market cap is equally false
yes, because in crypto things usually happen right AFTER a certain release and not actually when the rumors are spreading.
I swear, I am inclined to believe the next BTC rally is sooner than expected with all the new literal newfag dimwits suddenly flooding the board again.
I print a billion tokens out of nowhere, 5% of those are being traded on exchanges for 1$ - boom i have a 1bil mcap coin
similarly, 5% of all Bitcoins are being traded for $9400
in fact, if you print those tokens, you will NEVER get to $1 to make the market cap be 1 billion
this is because nobody wants your shitty tokens - to be 1 billion market cap, you need something like 20 million of actual money to flow into it
who's going to give you 20 mil?
how late is Biz, really? youre one retarded fucker if youre realizing this now
Hope youre right...im allways 80% in btc anyway so something like that would be nice. Still it all depends in market sentiment because back in March when ln went beta nothing happened to the price since everything was super bearish
>explain why market cap is not actual money flowing into the coin/market
>"that means people spend money to buy them!"
Oh god, please end yourself. This has just reached new dimensions of stupidity.
FUCKING OF COURSE BTC market cap is equally false. Also fucking calculate how much top300 to top1500 currencies have combined market cap (if you are smart enough to actually do it without adding everything 1 by 1) and how much % of BTC market cap that would make and how much actual dominance.
There is no actual money in alts, all the alts going up is people buying them with btc to sell them for more btc. All the people saying btc should die so it doesnt influenfe their alts when it moons or crshes are delusional - if you take btc out of the picture alts would have 0 liquidity
top 100 is 94.6% of the total market cap
top 100-200 is 2.7%
except those with FIAT pairings, also pairings with ETH make it less dramatic, but in times of crisis the behavior is usually always the same. all the bots oversell everything in anticipation to lose less BTC, as well as they buy it up at signs of recovery.
My estimation is, because everything seems to be behaving slightly different this time, it is still a scheme to generate more BTC by pumping alts now after their recent lows and will end in a similar fashion of alt holocuasting like in December when the bull run started. But we will see.
I didnt say top 100-200. I said combine the fucking 1000 new cryptocurrencies with meme market caps since last year and draw the conclusion why BTC could possibly lose dominance and why it would be important. if you manage to understand this, good for you, there might still be hope. if not, too bad. you will not make it.
top 300 currencies are
94.6% + 2.7% + 1.1% = 98.4% of the total market cap
300 and lower is 1.6% of the total market cap
Save your breath user, if math was their strong suit they wouldn’t still be in btc in the first place.
total market cap doesn't matter retard, as explained multiple times before. BTC market cap vs those fucking 1000 new cryptocurrencies matters and why BTC loses so much dominance due it. now add other fucking coins like BCH and substract it again.
but I rest my case, youll not make it because you are a drooling brainlet.
> BTC market cap vs those fucking 1000 new cryptocurrencies matters and why BTC loses so much dominance due it.
BTC lost 1.6% to ALL of the currencies below the top 300
> why BTC loses so much dominance due it
1.6% is not so much
it doesn't lose "to" it, it automatically, inherently loses dominance when coins are added. it also loses automatically dominance when new cryptos with billions are added or pumped in the top100, which has a more severe effect there. like the recent BCH pump. money is still not flowing from BTC to those coins because of this. and below top300 already make top300-400 is about 1.5% of BTC total market cap, which is even more in dominance.
People are buying alt coins with funds already invested in btc a long time ago. They are not buying in with usd to buy ico's. Bitcoin is weakening.
it lost 1.6% to all of the coins below 300 combined
it's not a severe effect
> and below top300 already make top300-400 is about 1.5% of BTC total market cap, which is even more in dominance.
top 300-400 is 0.6%
> the recent BCH pump. money is still not flowing from BTC to those coins because of this
it might not be flowing directly from BTC to BCH, but it's definitely not flowing into BTC