BITCOIN Dominance 70% | When Altseason, sir?
#BitcoinDominance is currently 70% of total crypto market cap.
#Bitcoin aka #DigitalGold is preferred over its alternative cryptocurrencies & digital asset (aka #ALTS)
For those who were in crypto during 2017, you will remember the amazing run for many many ALTS.
In early 2017 BTC dominance was still +90% of market cap.
In Q2 2017 BTC dominance dropped to 62% in favor of 'high cap' alts (notably Ethereum
ETH)
In Q3 2017 BTC dominance dropped further to 50% in favor of 'mid cap' alts (ex: Litecoin, Stellar, Tron, Btrash)
In Q4 2017 BTC dominance dropped sharply down to 32% in favor every other alt (Ripple, EOS, Cardano, Dash and lots of s**tcoins!)
Will 2017 Altseason repeat itself in a similar fashion?
Hard to say. That time even the worst s**tcoins were pumping.
This time investors will be smarter about their BTC SATS. Only the best ALTS will pump massively.
IMO - Don't expect ALTSEASON in 2019 but you never know with Bitcoin & crypto! ;-D
Some suggestions:
• Have a plan, choose your alts wisely and be ready when the time comes
• Use your BTC/SATS wisely, do your own research
• Diversify...But not too much!
• Scale-in, don't go into alts all at once
• Bitcoin, NOT s**tcoins (which means Bitcoin is king, don't waste your SATS on a
1M unpopular s**tcoin unless you really really really believe in it)
Some key levels to look out for?
• Purple (75% or 3/4)
• Green (66% or 2/3)
Stay tuned for updates!
BTC
#Bitcoin aka #DigitalGold is preferred over its alternative cryptocurrencies & digital asset (aka #ALTS)
For those who were in crypto during 2017, you will remember the amazing run for many many ALTS.
In early 2017 BTC dominance was still +90% of market cap.
In Q2 2017 BTC dominance dropped to 62% in favor of 'high cap' alts (notably Ethereum
ETH)In Q3 2017 BTC dominance dropped further to 50% in favor of 'mid cap' alts (ex: Litecoin, Stellar, Tron, Btrash)
In Q4 2017 BTC dominance dropped sharply down to 32% in favor every other alt (Ripple, EOS, Cardano, Dash and lots of s**tcoins!)
Will 2017 Altseason repeat itself in a similar fashion?
Hard to say. That time even the worst s**tcoins were pumping.
This time investors will be smarter about their BTC SATS. Only the best ALTS will pump massively.
IMO - Don't expect ALTSEASON in 2019 but you never know with Bitcoin & crypto! ;-D
Some suggestions:
• Have a plan, choose your alts wisely and be ready when the time comes
• Use your BTC/SATS wisely, do your own research
• Diversify...But not too much!
• Scale-in, don't go into alts all at once
• Bitcoin, NOT s**tcoins (which means Bitcoin is king, don't waste your SATS on a
1M unpopular s**tcoin unless you really really really believe in it)Some key levels to look out for?
• Purple (75% or 3/4)
• Green (66% or 2/3)
Stay tuned for updates!
BTC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.