BTC dominance has been slowly droping again in your opinion is it a good or bad thing for crypto in general
id personally rather it drop rock bottom so altcoin prices do not need to rely on bitcoin prices
I noticed that the smaller the Bitcoin percentage of capitalization, the better for the crypto currency. Now I'm almost completely in altcoins. I'm waiting for growth. We need to closely monitor these indicators.
ive seem to see the same thing i own mostly altcoins but do also own btc i want to see btc go down to around 3-4k mark as i think its just way overpriced. however i dont really like when altcoin prices drops just becuase bitcoin drops or viceversa. in saying that if btc dominanace drops to all time low it may bring bitcoin down and bitcoin going down may crash the crypto market
really waiting for the day that each crypto relys on itself rather than bitcoin
But we may not see that day because even though that bitcoin dominance is going down, it still remain on top of the list. And we all know that there seems to be correlation between bitcoin and all other alts.
If bitcoin is down, it maybe a possibility that investors are shifting their funds on altcoin market. But when bitcoin is going up, one can speculate that people offloading some of their altcoin portfolios and moving it to bitcoin ecosystem. So I can't see any other coins standing up on its own and not relying on bitcoin's price movement.