BITCOIN DominanceDoes it Really Matter?

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A Thorough Analysis of Bitcoin Dominance

I roto i tenei ataata, Kunal analyzes Bitcoin Dominance as a metric for the crypto market. Is Bitcoin Dominance an important statistic? hoki, if so, then is higher Bitcoin Dominance a good thing or a bad thing?

pūtake: https://medium.com/@jimmysong/why-the-bitcoin-dominance-index-is-deceiving-80ae324ee2ac
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BITCOIN DominanceDoes it Really Matter?

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Hanga e Sara Bauer ko Richard Abermann

22 kōrero

  1. I think the more important takeaway is when BTC rises, what is the impact to ALT’s. If BTC goes up 10% & ALT’s go up 20%, what’s better to have?

  2. Thanks for the video. I have a Technical Analysis Channel that focuses on daily bitcoin updates. I always appreciate your videos. Keep up the hard work. 🙂

  3. ICO telegram sets records! Almost all tokens were snapped up in a couple of days on cryptovilla.org/telegram-coin

  4. Agree, Bitcoin will end up being a base for bankers, corps and wealthy. Others will also. Bitcoin has established it footprint, and many have been built on its back, only fueling it as they go. Even eth and its alts are a bit of fuel for it.
    They’re still unraveling the ball of yarn to see whats what right now. Everyone knows several are going to be savers plays. Others will be everyday active market coins/tokens. Then we’ll have the stock chain tokens that will be the foundation for the future 500 corps on the world stage, which will be backed and based on Bitcoin and other anchor based coins.
    So many damn markets out there, it will be half a decade before we truly see the impact of whats coming.
    This Mastercard connected to crypto is going to open the door when fully implemented. That’s a golden key to retail.

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  6. Altcoins carry more risk, but also many will give better returns when Bitcoin goes up as much of the BTC will flow into altcoins and since they have a far smaller market cap they’re prices are more volatile and will rise faster.

    This happened after BTC reached 19k all that BTC, and some LTC went into various altcoins and that’s why 98% of them if you check coinmarketcap have all time highs around the same time in January.

  7. Unfortunately we are hinging our decisions on regulations like the upcoming ETF decision. In other words if this tiny part of our world decides that the CBOE can sell blocks of 25 BTC per share legally then we are supposed to be bullish.

  8. There are no other use cases for blockchain apart from Bitcoin as you need a third party involved. Just use a database.

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