/biz/ - Business & Finance

[Anonymous No.56876630]

BTC dominance 55% waiting room

[Anonymous No.56876651]

>>56876630
Where can I check this?

[Anonymous No.56876687]

>>56876651
just google "BTC.D chart"

[Anonymous No.56876688]

>>56876630
it toped at 55,09% an hour ago.

[Anonymous No.56876699]

54.90

[Anonymous No.56876739]

44k is 55%

[Anonymous No.56877022]

What does this mean for alts?

[Anonymous No.56877032]

>>56876630
If Bitcoin was a threat to the traditional financial system it would have long since been extinguished.

The fact that Bitcoin devotees believe this to be impossible demonstrates how wedded they have become to a ridiculous narrative underpinning it.

[Anonymous No.56877057]

>>56876630
Nice topping out and money will flow to alts.
Think about that. All the money that was in btc will slowly flow to alts. If btc did like a 2x in the time dominance went up, imagine what alts will do

[Anonymous No.56877075]

>>56877022
They will, for the most part, bleed out against /BTC.

[Anonymous No.56877121]

Send it to 60

[Anonymous No.56877134]

>>56877057
imo money won't really go into alts until bitcoin hits a new ath

[Anonymous No.56877490]

>>56877121
no sent it up to resistance at 56 then we can have our altseason

[Anonymous No.56877528]

>>56877022
altseason

[Anonymous No.56878459]

>>56877528
zoom out

[Anonymous No.56878495]

>>56876630
i am retarded, why is BTC dominance important?

[Anonymous No.56878560]

Made this post in another thread an hour ago...

There are Periods anons.
There are Seasons anons.
There are Cycles anons.
And there are Eras anons.

April 19 - April 21 btc dominance was 55% or above.

For the first time in over two and a half years btc dominance is 54.97%, so close to 55% that it might even be there by the time i finish writing this.

Nobody around here knows how this will all play out, not in this era, but if this board of 'smart but usually not quite smart enough to know they aren't as smart as they think doomers' is going to make money on its stinkies and whatever else its good folk hold then btc above 55%, above 60% ideally, is what we need.

If the reservoir is full the farmer sleeps easy.
We're almost full enough.
If we get to 55%, stay above 55%, and even move up higher, the whole plain will be fertile.
Flatlands become rich pasture.

[Anonymous No.56878567]

>>56877022
Nothing really. It will peak at some point, then alts will pump

[Anonymous No.56878674]

>>56878560
based wisdomfag

[Anonymous No.56878737]

>>56878495
a board of Kinsella readers and yet here i am surprised.
more fool me i guess.
and, it's good to ask.

anon,
if it goes to 100% then everything else in crypto is worth nought.

alternatively, market dominance could go to 99% and yet the 1% could then be so valuable for if bitcoin were to go to 50 million per btc then 1 / 100th bitcoin would make the 1% very valuable... but, really, on the one side, bitcoin isn't going to 50 million per btc anytime soon and , on the other side, the rest of crypto isn't going to zero either.

so, as things stand, for the bitcoin dominance to be neither too high nor too insignificant, its price either has to go down a lot or everything else (or some of the everything else) has to go up.

Ask yourself which you think will happen... but i don't think bitcoin is going to get to 60% yet.

[Anonymous No.56878802]

desu 60% btc.d (excluding stables) is very very high without BTC breaking ATH (Historically where dominance peak). Feels like btc overshoot the expectations and alts got the short hand of the stick

[Anonymous No.56879640]

Holy shit, can there be any any clearer sign to buy alts right fucking now? Alts have not yet exploded and still relatively cheap. Look at chainlink, its dumping, thanks for the discount.