The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.
Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.
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https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35I don't understand this. Why are people all of a sudden able to predict $50k EOY when they weren't even able to predict the $20k ATH in the first place?
I have some funds in BTC and I also hope that BTC does well. But this is all so unrealistic at this point in time. You have to take a strategic investment approach in this and not go in with blind faith.