Can Bitcoin Dominance Hit 50% Soon?

4 replies 198 views
0xNodeMember
Posts: 671 · Reputation: 80
#1Mar 12, 2021, 03:27 AM
I feel like BTC dominance could hit 50% this Q4. That might be the right time to cash out on our altcoins.
5 Reply Quote Share
im_sageMember
Posts: 44 · Reputation: 139
#2Mar 13, 2021, 10:36 PM
Yeah, for altseason to kick in, we need it to touch 50%. I think it’s doable but who even knows anymore. This cycle has been wild... We've got a rate cut coming in a few days and fingers crossed for some positive news on the US-China tariffs soon.
4 Reply Quote Share
chad88Newbie
Posts: 115 · Reputation: 29
#3Mar 14, 2021, 03:45 AM
I doubt Bitcoin’s dominance will hit 50% anytime soon. The buzz around BTC is still strong. If it does, I think it'll be more of an early Q1 thing. Even if it goes down in Q4, it’ll probably be at the end, not the start.
2 Reply Quote Share
0xGasMember
Posts: 292 · Reputation: 52
#4Mar 14, 2021, 04:32 AM
From what I see, when BTC drops below 50%, that’s usually a sign for altcoin season. Those who have been patient might finally see some returns. But timing is key for selling the assets we've been holding onto.
2 Reply Quote Share
alt_forkMember
Posts: 228 · Reputation: 236
#5Mar 14, 2021, 09:40 AM
Unless something major happens, I can’t see BTC dominance dropping any further. If you look at the charts, it’s been bouncing back up. It might be heading towards the 60% mark again. Your 50% target for this quarter seems unlikely to me.
1 Reply Quote Share

Related topics