Bitcoin vs altcoin dominance

Subscribe to the Orbs newsletter Get the latest developments straight to your inbox. Bitcoin’s dominance over altcoins grows ever stronger. Investors should understand that the price of Bitcoin can go down , but its dominance among cryptos can stay the same or go up. And if we look at so far, Ethereum is at a small loss. He explains that, when priced in BTC terms, every major cryptocurrency has plunged against bitcoin.

Option 2: Investing $1,000 Each in the Top 10 Alt Coins

Article Overview: This article provides a comparison of the performance of Bitcoin vs the top 10 altcoins a year ago. Which fared better? The surge of new money entering the market is a testament to the rising popularity of Cryptocurrencies. Aside from Bitcoin and Ethereumthere are more than 1, coins and tokens to choose. Nitcoin which coin would be the most profitable in the short or long term can be extremely hard. The main question is, should you use your Bitcoin to buy other altcoins in the hopes of earning a greater return on your capital? Or should you just hold Bitcoin vs altcoin dominance since it will surpass every altcoin in the future?

“Sh*t runs downhill”

Bitcoin vs Altcoin Market Dominance. The market dominance of Bitcoin is at a High having reached the Highs this week. With the RSI breaking over The alt market dominance is past its Lows approaching the levels. The equilibrium of the two market dominance markers is close to be achieved and since April it has been working in favor of the alt market and there is no reason to expect something different this time.

Bitcoin dominance destroys most altcoins

Article Overview: This article provides a comparison of the performance of Bitcoin vs the top 10 altcoins a year ago. Which fared better? The surge of new money entering the market is domiannce testament to the rising popularity of Cryptocurrencies.

Aside from Bitcoin and Ethereumthere are more than 1, coins and tokens to choose. Choosing which coin would be the most profitable in the short or long term can be extremely hard. The main question is, should you use your Bitcoin to buy other altcoins in the hopes of earning a greater return on your capital? Or should you just hold Bitcoin since it will surpass every altcoin in the future?

Alternatively, imagine if you had invested all of that 10k into Bitcoin. Here are the 2 scenarios:. As follows are the top 10 altcoins based on market capitalization size in October Prices are approximated to the nearest dollar, while the total value includes your initial capital. This is assuming that you invested in the top 10 altcoins a year bitcoin vs altcoin dominance without doing any due diligence; just simply picking the coins which are the biggest in size according to their market capitalization.

In the top 10 list, only 2 altcoins had a lower rate of return than Bitcoin, which were Augur 3. But essentially all coins biycoin a profit. The above analysis justifies the reason for doing so. Nonetheless, with some research and most of all, patience, chances are you’ll do well if you invest in some decent altcoins and hold them for a while instead of panic selling and berating bktcoin for not buying Bitcoin instead every time your coins dip.

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Learn More About M. Disclaimer Master The Crypto is a financial publisher that does not offer any personal financial advice or advocate the purchase bitcoin vs altcoin dominance sale of any security or investment for any specific individual.

Option 1: Investing in Bitcoin

Bitcoin’s dominance over altcoins grows ever stronger. Email ben benjamin-brown. Get the latest developments straight to your inbox. That advantage is great for Bitcoin vs altcoin dominance bulls, but it comes at a price. Get the news that matters to blockchain bigcoin. Source: Shutterstock. Here are some numbers:. As you can see, the broad trend shows altcoin prices collapsing against bitcoin. According to one cryptocurrency expert, Bitcoin dominance could lead to the destruction of altcoins. In contrast, all of the other dominancee cryptocurrencies lost at least two-thirds of their value between April and February By CCN Markets: Bitcoin raged back into a bull market inleaving the rest of the cryptocurrency market in the dust. As trader Cantering Clark put it :. Ben Brown Ben is a journalist with a decade of experience covering financial markets. The takeaway here, I believe, is to be cautious with altcoins. It just might be wise to watch the hash rates for clues to the future of Bitcoin and its many competitors. Pricing them in BTC paints a much different picture. Ponzi or Pumped?