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RE: Why I Buy Bitcoin During Crashes Despite Calling it a Bubble

in #bitcoin7 years ago

Finally we're seeing some signs of Bitcoin's dominance rising. It's been hovering around 33% for a while now, but is up to 35% as we speak. Ethereum, which has been outperforming Bitcoin for weeks now, was the last big one to 'fall' (down 10% against BTC today). Hopefully your prediction will come true and Bitcoin can come up to 40% or 50% market dominance again. What do you think?

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Looking like it will take some time still - Altcoins fared very well this crash all things considered, especially as Bitcoin bounced back. It does illustrate that Bitcoin is safer though in the event of further falls.

Bitcoins dominance has been hovering between 33-39% the past few weeks with an emphasis towards the lower end of the range. I wouldn't call this "rise" a statistically significant value unless it really breaks upwards of 40%.

You're right. It needs to cross 40% to indicate a meaningful change of sentiment. I was just talking about the last couple of weeks, where it's been hovering around 33%-34%.