Post
Topic
Board Bitcoin Discussion
Re: BTC Halving & BTC Pump Explained
by
pooya87
on 30/04/2024, 05:19:00 UTC
For ALT price to be increased, you just need to keep an eye on the BTC dominance.

If  BTC Dominance Increase with BTC Price = ALT Dump
If  BTC Dominance Increase & BTC Price Decrease = Major ALT Dump
If  BTC Dominance Decrease & BTC Price Increase = Major ALT Pump(ALT Season, ALT pump upto 100%-1000%)
"Dominance" is an arbitrary thing too look at since it is just market cap ratio (bitcoin versus unlimited number of altcoins with unlimited supplies). It  doesn't really show anything. For example there could be a period where the scammers create a large number of shitcoins hence inflating the sum of all altcoin market caps which would then decrease the market cap ratio (falsely called bitcoin dominance) but that does not mean altcoins are being pumped.

The actual trend is that each time bitcoin price goes up or down, the altcoins get dumped.
But each time we have a bitcoin-bull-season where "fresh money" is coming in, the altcoins can get access to new wave of "newbies" who would buy their garbage hence the altcoins also experience the altcoin pumping season.