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-35It is possible that we may be above $50,000 before December 2018 but the probability that this will happen is zero. We should be a bit realistic and since the big investors are currently not interested in buying bitcoin now I think this speculations is for the future. The whole market is down now and a lot need to be put in before we can make significant profits.