Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).
https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.
TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).
https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.
TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.
I too afraid to point out that LTC/DOGE mining ⛏ is as viable as Btc mining.
Don't do it, then.
Yep.. you cannot resist, right?
And that within the al gore rhythm scrypt there is no real competition for Ltc/doge
Glad that you found a niche.. hopefully no one steals ur secret...
Oh that's right... No one would come to the WO thread to read about LTC or doge, so your secret remains safe with us peeps herein.
Guaranteed.
but that within the al gore rhythm sha 256 bch claims to be a rival with BTC.
so what does it all mean I just pissed off the mouse 🐭.
🤬🤬
so what does it all mean I just pissed off the mouse 🐭.
🤬🤬
Yep.
Sounds like a riddle for sure... but you are good. Now, go out there and mine those shitcoins.. that's the spirit, Philip Ma 1957!!!!!!