BITCOIN vs ALTCOINS .. ??? When ALTCOINS ?

BITCOIN DOMINANCE CHART

1- Bitcoin dominance rate bottomed out in January 2018 at 35% dominance rate, and reversed for a new major Uptrend.

2- Since January 2018, BTC following uptrend Line on weekly Chart.

3- Bitcoin peaked at 72% dominance rate in October, 2019. Since then, it is consolidating and become range bound.

4- Bitcoin is ab't to break it's range sooner than later. Range lies in between 63% to 70 %.

5- Altcoin movement is uncertain until BTC dominance breaks on either way.


Recommendation

Traders and Investors should have atleast 50% bitcoins in their portfolio at this moment. If the dominance falls below 63% level, traders & Investors may convert 80% of bitcoins in Altcoins.

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COMMENT

20

preview not available Kris JS
14 Jun

The BTC v ALTS saga continues! The main reason for BTC's drop in dominance in early 2018 was more than likely due to that incredible amount of ICO's running on the Ethereum blockchain, BTC was always going to bounce back to a higher range once things calmed down which they have. Its always good to have a mix of coins in your portfolio but equally research which projects are worth investing. Look at the project, what they are trying to achieve, look at the team behind the project, what experience do they have. I would always keep BTC around though,its king and always will be (in my opinion lol) 

26

preview not available Lucas S
14 Jun

Great point, as ETH saw the crazy swings due to those ICO's. BTC is a must for long term investors, if only because the ceiling for it (if there is one) is so high.

8

Sufwan Tariq
15 Jun

Expect the same boom like 2017/18 with DEFI.

11

Hifza Suleiman
14 Jun

What a great explanation

you have increased my general knowledge...

keep sharing more

8

Sufwan Tariq
15 Jun

Thank You. I'm glad that you liked the content.

26

preview not available Lucas S
14 Jun

Good look at the balance between the two. 50% BTC holdings is a lot but if your looking for stability then possible the best bet. As more of a project person than an investor, I tend to hold more of the alts anyways. But looking to increase that BTC at a better entry point than right now.

8

Sufwan Tariq
15 Jun

50% is quite balanced.

3

Facebook TV
14 Jun

Bahut hi acchi picture

24

preview not available Shadda 🇵🇰
14 Jun

My choice is always btc.. And also  I have great love with altcoin especially 1up... And eth... Is my favorite of all crypto..

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