Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 16/07/2019, 19:10:37 UTC
An interesting graph of a strange correlation between the drop in btc dominance in 2017 and searches in google:
https://www.docdroid.net/dg7lL8W/bitcoin-stealth-phase.pdf#page=4

Quote
Data suggest Bitcoin will continue to lead the current cryptocurrency industry bull market. When
more public interest starts to pick up, it may be optional to diverse [divest] Bitcoin profits into other cryptocurrencies.

Very debatable (at least).
I am also curious on whether we would peak somewhere between now and 70ies OR go all the way to 90-95% in dominance.
The major alt is faltering both economically and ideologically.
In fact, VB recently proposed a strange hybrid of eth with "the fork".
My conclusion: eth chain is blowing up in size and there are still years to go before they might even approach a solution.
The size is already not manageable for a full node/regular user.

Conclusion: the time to divest into current alts is probably never, but i don't dismiss beyond the horizon newcomers yet.

On another side note that is more about BTC specifically, Biodom, when we were in the $10k-ish prices, weren't you waiting to buy more BTC in the $6.6k to $9k arena? So perhaps you put off buying some BTC on that particular price swing?  How's that portion of your plan that speculates waiting for lower lows playing out?


Still waiting, but I am fine with not buying and just hodling.