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You may have heard of it before, but many people don't understand how it works or why it matters.
To multiply your investment significantly, focus on mastering one key topic:
➜ Bitcoin Dominance
To multiply your investment significantly, focus on mastering one key topic:
➜ Bitcoin Dominance
◢ What is Bitcoin dominance?
BTC dominance is the percentage of Bitcoin's market capitalization to the total capitalization of the entire cryptocurrency market.
✓ This metric helps assess the value of Bitcoin compared to other cryptocurrencies and supports investors in the funding process.
BTC dominance is the percentage of Bitcoin's market capitalization to the total capitalization of the entire cryptocurrency market.
✓ This metric helps assess the value of Bitcoin compared to other cryptocurrencies and supports investors in the funding process.
Bitcoin dominance is calculated using the formula:
Bitcoin dominance = Bitcoin market cap / total market cap.
For example, if the BTC capitalization is $50 million and the total market capitalization is $100 million, then Bitcoin dominance will be 50%.
Bitcoin dominance = Bitcoin market cap / total market cap.
For example, if the BTC capitalization is $50 million and the total market capitalization is $100 million, then Bitcoin dominance will be 50%.
◢ Why is BTC dominance important?
Bitcoin dominance is important because it can help determine the following:
➤ Current phase of the market.
If you have the appropriate expert knowledge, you can also obtain information about the upcoming, emerging phase.
Bitcoin dominance is important because it can help determine the following:
➤ Current phase of the market.
If you have the appropriate expert knowledge, you can also obtain information about the upcoming, emerging phase.
➤ Reversal patterns, indicating a change in market trends in the opposite direction.
This knowledge is important for understanding risks and helps to timely invest in promising currencies and profit from price differences.
➤ The emergence of new altcoins and the peak in demand for them.
➤ The beginning of a short-term phase of price consolidation.
During a bear market, the rise of BTC dominance can predict this consolidation.
This knowledge is important for understanding risks and helps to timely invest in promising currencies and profit from price differences.
➤ The emergence of new altcoins and the peak in demand for them.
➤ The beginning of a short-term phase of price consolidation.
During a bear market, the rise of BTC dominance can predict this consolidation.
◢ General principle
Bitcoin is known as one of the strongest and safest assets out there. Many people trust it for its stability. This also helps us understand how strong the overall market is because money tends to go to the safest option first.
General principle of BTC dominance:
✓ If Bitcoin dominates the market, this may indicate investors' preference for stability and a conservative approach.
✓ At the same time, Bitcoin's low market share may mean increased interest in altcoins and a desire to take more risks.
Bitcoin is known as one of the strongest and safest assets out there. Many people trust it for its stability. This also helps us understand how strong the overall market is because money tends to go to the safest option first.
General principle of BTC dominance:
✓ If Bitcoin dominates the market, this may indicate investors' preference for stability and a conservative approach.
✓ At the same time, Bitcoin's low market share may mean increased interest in altcoins and a desire to take more risks.
Some traders consider not only the price of Bitcoin, but also its market share to make informed decisions.
➜ A comprehensive analysis of Bitcoin's dominance and its price can provide clues about the advisability of investing in altcoins.
➜ A comprehensive analysis of Bitcoin's dominance and its price can provide clues about the advisability of investing in altcoins.
This allows you to more effectively manage risks and diversify your investment portfolio.
Here's what it might look like ⇩
Here's what it might look like ⇩
◢ $BTC Value (Satoshi) vs. USD Value
One common mistake among new investors is focusing solely on the dollar value of their investments, rather than considering their value in satoshis.
✓ When collecting altcoins, the goal should be for them to do better than Bitcoin.
One common mistake among new investors is focusing solely on the dollar value of their investments, rather than considering their value in satoshis.
✓ When collecting altcoins, the goal should be for them to do better than Bitcoin.
If your altcoin isn't outperforming Bitcoin in value, it might not be worth holding onto.
Always compare the satoshi value to the USD value of your altcoin. If it's performing better than Bitcoin, that's a positive signal.
Always compare the satoshi value to the USD value of your altcoin. If it's performing better than Bitcoin, that's a positive signal.
◢ How Bitcoin dominance affects Altcoins - Altseason Path
Some rules you should keep in mind:
➜ Focus on understanding money flow
➜ Phases are parabolic, first phase takes longer
➜ Phases can overlap and temporarily reverse
Some rules you should keep in mind:
➜ Focus on understanding money flow
➜ Phases are parabolic, first phase takes longer
➜ Phases can overlap and temporarily reverse
So here is the strategy to get more potencial gains:
➜ When Bitcoin rises, its dominance also increases
➜ Altcoins typically lose value compared to Bitcoin
➜ Bitcoin dominance eventually reaches its peak
➜ At this point, you have the opportunity to convert your Bitcoin to altcoins, potentially increasing your holdings and gains
➜ When Bitcoin rises, its dominance also increases
➜ Altcoins typically lose value compared to Bitcoin
➜ Bitcoin dominance eventually reaches its peak
➜ At this point, you have the opportunity to convert your Bitcoin to altcoins, potentially increasing your holdings and gains
In the past and even now, this strategy continues to be effective due to Bitcoin's position as a market leader.
Particularly in the initial phases of a bull market or brief reversal, Bitcoin often outperforms nearly all other cryptocurrencies.
Particularly in the initial phases of a bull market or brief reversal, Bitcoin often outperforms nearly all other cryptocurrencies.
◢ When to convert?
➜ The question that everyone has is: How do you know when to convert $BTC to altcoins?
✓ Answer: By utilizing classic support and resistance levels, we can pinpoint potential shifts between altseasons or BTC dominance.
This chart demonstrates how key resistance and support levels are valuable indicators for forecasting altcoin or BTC seasons.
➜ The question that everyone has is: How do you know when to convert $BTC to altcoins?
✓ Answer: By utilizing classic support and resistance levels, we can pinpoint potential shifts between altseasons or BTC dominance.
This chart demonstrates how key resistance and support levels are valuable indicators for forecasting altcoin or BTC seasons.
Bitcoin's dominance helps track changes in market cycles. Some traders use it to adjust trading strategies, while others use it to manage diversified portfolios.
It is important to note that Bitcoin dominance does not guarantee the performance of Bitcoin itself or other cryptocurrencies, but only serves as a guide when planning a trading approach.
It is important to note that Bitcoin dominance does not guarantee the performance of Bitcoin itself or other cryptocurrencies, but only serves as a guide when planning a trading approach.
I hope you've found this thread helpful.
Follow me @wacy_time1 for more.
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Follow me @wacy_time1 for more.
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