Bitcoin Dominance & ove implications..
Updated
BTC dominance has surged first in response to the slow death of ETH tokens and then on trade fear demands from China. Once the tariffs came off BTC cooled as we predicted, but nonetheless, the concerns are far from over. So lets discuss some key points:
1. Even though BTC has dropped its dominance is raising but both BCH and BNB are two of the few that are holding (even gaining market share). ETH and XRP are taking a real beating. When BTC makes the next up move we expect both BNB and BCH to experience a higher beta relative to BTC (they will have higher ROIs). We see expanding demand for both
2. BTC hasn't followed Gold higher, instead when the tariff news came out BTC fell over the following days while gold continued to surge. We think this is a market inefficiency issue - news doesn't move in the BTC world the same was as gold which is a 1.7tr global market. As a result we think the next wave up is for higher price. BTC is holding support. There may be one more test of the lows, but we are accumulating BCH at these prices.
3, We continue to preach that at 70% BTC is over bought. You should be diversity out of BTC to BNB and BCH.
1. Even though BTC has dropped its dominance is raising but both BCH and BNB are two of the few that are holding (even gaining market share). ETH and XRP are taking a real beating. When BTC makes the next up move we expect both BNB and BCH to experience a higher beta relative to BTC (they will have higher ROIs). We see expanding demand for both
2. BTC hasn't followed Gold higher, instead when the tariff news came out BTC fell over the following days while gold continued to surge. We think this is a market inefficiency issue - news doesn't move in the BTC world the same was as gold which is a 1.7tr global market. As a result we think the next wave up is for higher price. BTC is holding support. There may be one more test of the lows, but we are accumulating BCH at these prices.
3, We continue to preach that at 70% BTC is over bought. You should be diversity out of BTC to BNB and BCH.
Note
Also lets ad the risks over a hard Brexit.and another reason to buy BTC.
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