I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.
Because its completely worthless. You can't compare bitcoin dominance like 2 years ago to today.
For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
But then it dropped to 38% today!
Yes. because all other altcoins are worthless. That's why you will hear others saying some altcoins are shitcoins. Only bitcoin is really dominating at that time. Investors are not getting into altcoin because they are not that important.
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
Even if it went down, it will be just temporary. And its also normal that they are shifting their funds to altcoin market. We have seen this before. As for me, I wouldn't worry that much. At least the money is still going around the crypto market.