Quote from: pooya87 on August 30, 2019, 07:27:53 AM

Quote from: Zicadis on August 28, 2019, 08:27:47 PM

Not sure what your idea of strength is when you are quoting that article.
But right now btc dominance is over 68%. I was surprised that in early july ethereum had about a 28% dominance. Which was strange and bitcoin dominance back then fell to below 40% for the first time in a long time.

that's not dominance my friend and it doesn't matter if big websites like coinmarketcap.com call it "dominance" it still doesn't make it so.
it is simply a number that shows the amount of supply each coin has.

in math when calculating (x*y) you increase "x" 5.5 times you can increase the result by a lot even if your "y" is smaller.

it's not merely showing coin supplies. you're correct that inflated supplies, pre-mines etc distort the dominance metric and make it less useful (if it has any use at all). but its long term trends do seem to reflect market cycles where money is flowing into or out of the altcoin market---"alt seasons" as it were.

i wish we had a better metric for watching this money flow phenomenon but this seems to be as good as it gets.