Quote from: btc_angela on August 28, 2018, 05:03:05 PM

Quote from: HeraldoCrypto on August 28, 2018, 06:58:56 AM

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?

I don't know why are you infatuated with Bitcoin dominance. Remember that during the peaked of Bitcoin, it didn't get to 50%. So I don't think that dominance is a good indication of the price of bitcoin. We can have a good bull run without touching more than 50% as evident of Nov-Dec 2017.

BTC dominance isn't meant to be an indicator of Bitcoins price. It is meant as an indicator as Bitcoins market share. The higher the dominance the better, as that means a majority of the money in the crypto industry is where it should be, which is in Bitcoin. As dominance increases, these scammy crap coins lose value and will end up disappearing. The fewer the crypto coins out there, the better.