Quote from: shinratensei_ on December 10, 2019, 02:36:30 AM

Quote from: Aveatrex on December 09, 2019, 11:49:47 PM

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

It was even touched almost 70% and it was going back again to 65% and that means if altcoins are not yet boycotted. Just because it was getting a little increase in bitcoin's dominance and you can take a conclusion if the altcoin market has already boycotted. you can see that from this chart
https://coinmarketcap.com/charts/#dominance-percentage

People are still buying altcoins for the speculation purpose and only a small percentage that use altcoin as an investment. That's why altcoin was loosing its dominance because people are moving their portfolios to the bitcoin.

Bitcoin has majorly been the major investment coin followed by Ethereum. Altcoins will always be altcoins and can never replace bitcoins as investments. They most times ride on BTC price highs. Most altcoins are paired against BTC on exchanges and that greatly determine their volume band interest. Bitcoin bans Ethereum are seen to be safe and reliable which shows why people invest in them more.

However, there are some useless altcoins developed by teams for the purpose of making money and dumping on investors. These type of altcoins copy Whitepapers word for word and at the end, investors are left with unexplainable losses .

I still have some tier one altcoins for the purpose of trading and getting profits not really investment