CryptoCubic
Short

Bitcoin Dominance Back to 50% is Imminent

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Most are now are all in Bitcoin , especially considering BTC .D growth. This is market panic, which does result in a lot of money being moved from alts to Bitcoin .
But this is exactly when smart money goes in. The market pshycology tells me, that this is perfect time for BTC .D to start reversing. Nevertheless, the it could be too early for the Alt Season to start.
I'd expect it to BEGIN at the end of this year.... or, to END by the end of this year. Soon we'll find out, but I am holding my alts long term.

Now you might ask why BTC will lose so much dominance. Well, BTC is a store of value, a long term "GOLD" investment. But, blockchain continues to develop with mass adoption on its' way. This will stimulate the growth of other chains and capital will be slowly distributed. People don't like to keep all eggs in one basket, even if this is a basket of Gold . They will buy Silver , Diamonds, Property etc simply to diversify.
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Altseason by the end of the year? alts/btc look like they're dying right now.
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cardan6006 cardan6006
@cardan6006, Poloniex: We will be removing the following trading pairs on August 16, 2019, due to low volume. Each independent asset will continue to be tradable:

LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH, QTUM/ETH, STEEM/ETH, OMG/ETH, LOOM/ETH, SNT/ETH, CVC/ETH, KNC/ETH, GAS/ETH, BNT/ETH, LOOM/USDT, SNT/USDT, KNC/USDT, BNT/USDT, FOAM/USDC
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CryptoCubic cardan6006
@cardan6006, true
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btc d,, same btc price drop?
+1 Reply
CryptoCubic CryptoCubic
@CryptoCubic, actually it seems unlikely for btc price to go that low... but' we shall see
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Why would it be slow? Usually btc dominance drop fast.
+2 Reply
@khundar, could be fast
+1 Reply
Alts season will come soon but it will happen when no one expect it and cause people panic sell their bit to alts to jump in the train.
+1 Reply
CryptoCubic HSNPersia
@HSNPersia, I'd expect it to start from this point, although it will be at slow pace
+1 Reply
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