[C.C. Topic] Bitcoin Dominance
Crypto Currency Market is continuing to fall.
There are many people who are already tired and tired, and many who leave the market.
In the meantime, I've heard that Bitcoin Dominance has gone from 50% to 54% to 58%.
You need to know what Bitcoin Dominance is and why you are interested.
Bitcoin Dominance is a correlation between the price of Bitcoin and the price of another Alt Coin.
If Bitcoin Dominance rises, it means that people have traded from Alt Coin to Bitcoin.
On an ordinary exchange, Alt Coins are traded through the BTC Market. Since the majority of exchanges that do not trades in KRWs like Upbit and Bithumb are made up of BTC Market, the rise of Btcoin Dominance means that Alt Coins have been changed to Bitcoin.
In other words, Bitcoin Dominance rises because Bitcoin's price rises and falls cause it to realize Bitcoin profits, or to convert to Bitcoin to avoid Altcoin price drops and Bitcoin price drops.
So, what does the decline of Bitcoin Dominance mean?
This means that the price of Bitcoin is constant. As you try to earn money by trading Alt Coin in the BTC Market at a constant price, you will lose your Bitcoin Dominance by increasing your Alt Coin holdings and your Bitcoin holdings.
