Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Everyone? Yeah right Biodom.
You make a strawman so that you can knock it down and then go on with your little shitshow to describe why you believe CMC is supposedly important, and in essence there are all kinds of reasons, beyond the mere existence of stable coins in the calculation to suggest that the coinmarket cap does not really get us very far in terms of comparing a variety of shitcoins to bitcoin or to compare the variety of shitcoins in their aggregate to bitcoin.. which is what bitcoin dominance seems to be trying to measure.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).
you got through that assertion quickly, since in the end, the punchline is that bitcoin dominance is going down, and that must be bad.
rrrrriiiiiiggggggghhhhtttttt

By the way, fucktwats put a lot of emphasis on CMC or at least throw it in there as if it were important when they are striving to make false equivalencies, as if any coin comes even close to bitcoin.. are you wanting to suggest that ethereum is all of a sudden important and somehow its various smoke and mirror defects have disappeared merely because a bunch of dumb twats seem to be buying it, currently?
First of all "has to reverse"? Get the fuck out of here.
You cannot quote a nearly meaningless metric and then assert that there is a need to panic because that meaningless metric is actually measuring information that is somehow important based on a bunch of shitcoins being pumped and dumb money not recognizing where the value is.
Maybe I am being too absolute with you to say that you cannot rely on a meaningless metric because you are relying on a meaningless metric.
I think that we already see where this is going. Ethereum et al are going to flippen bitcoin, and it seems best that you, Biodom, sell all your bitcoins and diversify into the various shitcoins that you believe are going to be good investments in this upcoming world with writing on the wall that you are foreseeing the supposed (inevitable for sure) doom and gloom of bitcoin. If you do not sell all your BTC Biodom, at least reallocate because we can see where this is going and once it is there, the damage is irreversible.. as you mentioned.
It is not a popular possibility around here
It's not popular because it is a stupid theory.
and my largely btc position would affect my worth (or the lack of it),
That is why it is better that you act now, rather than waiting.
but someone needs to point out that this scenario is possible.
You believe that you have been the first one to point out such nonsense and to rely upon such nonsense metrics.
You really take the cake sometimes, Biodom.. with your frequent search for reasons to express doom and gloom while supposedly being a bitcoiner... hard to know what to believe when listening to you.
TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming.
Thanks for the warning...
NOT
Btc ETF approval could swing the balance back in btc favor,
Anything else, or is BTC ETF the ONLY thing that we got potentially going for us.
Please god.. please god (or USA Government - whoever reads this first), bitcoin needs you to rescue us HODLers with an ETF. We are desperate.... otherwise we are doomed to poverty or maybe something worse
(get more details, as needed, from Biodom)...

but I don't see anything else doing it, judging by the current dynamics.
I guess we are fucked, then.
That sucks.
More specifically, sucks to be a BTC bag hodler.
