📊BITCOIN destroys ALTCOINS! How long will this go on?

13 июн. 2022 г.

Bitcoin is falling but all money flows into it. Almost all alts are destroyed and fall for 85-90%. Only few of them still follow the BTC and fall for 65-75%. But is it finish for alternative coins fall?

Now the Dominance is close to the 50% which were described in this idea. I think the 50-53% are become the top for the BTC.D.

📊Even if Bitcoin falls to the bottom and consolidates there, altcoins continue to lose capitalization. And even if the decline of the crypto market has stopped, altcoins will continue to lose value. As a rule, this happens because long-term holders of altcoins become not by their own choice. If you know what I mean.

This was in 2018 and 2020 after Bitcoin fell to its lows. Altcoins begin their huge growth and Altseason✅ after the main cryptocurrency (BTC) renews✅ its highs and hype returns to the crypto market. So keep this in mind!

📈Why the Dominance in the long-term downtrend? The numbers of Altcoins is growing through the time and in any case money flows to the alternative coins. So, the dominance will fall to 20-30% with high possibility in 7-10 years .

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.