Quote from: timerland on April 24, 2018, 03:38:41 AM

Quote from: Salemmia on April 21, 2018, 11:11:48 PM

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

We're already in a bull run already, and we don't know how much longer it will last. Depends a lot on whether BTC is able to hit $10k.

To me, it actually signals that the markets are quite overheated, and will probably correct very soon.

Instead of money being in BTC, the rest of the crypto markets are preferred as an investment at this stage. This means that a lot of people are in the crypto market right now for quick profits and will unload quite easily, instead of holding for the long term.

Bitcoin dominance usually decreases in a bull market, and increases in a bear market. Just look at how quickly bitcoin dominance decreased in the month of December. Sooner or later, the Bitcoin dominance index will have to return to its resting place, which in my opinion is around 50-60% naturally. That'll happen as soon as this bull run ends.

Correct, when bitcoin was crashing we are like 50%++ dominance, but right now we are moving so fast and we are down to 37% but I think it is a healthy sign that the price will really continue to grow.

As far as altcoins disrupting the dominance, it would sense however, this disruption will always be present because we are going to see ICO's popping out like mushroom and 1 out 10 their will be one good project that can really take off, making bitcoin investors invest on them as well.