LIVEVforV_v
@volkanancir
merhaba kripto meraklısı öğrenme isteğiyle yanıp tutuşan bir adam ve onunu hesabı
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Why Is Bitcoin Dominance Rising?
The fact that increases in the price of Bitcoin attract more users and increase the transaction volume, resulting in more demand than other cryptocurrencies, can be cited as one of the main reasons for the rise of Bitcoin Market Domination. It would not be wrong to say that the cryptocurrency market is largely driven by Bitcoin. The increase in demand that has led to increased Bitcoin dominance may also be a sign that users are leaving low-volume and relatively riskier cryptocurrencies and switching to Bitcoin.
This is the real issue right now. #BTC This rise is not the bull itself, I think it may just be an indication that it is getting closer. For example, the dominance is currently between 53 and 54. The bull will not reach the moga before it falls to 45 or even lower.
The fact that increases in the price of Bitcoin attract more users and increase the transaction volume, resulting in more demand than other cryptocurrencies, can be cited as one of the main reasons for the rise of Bitcoin Market Domination. It would not be wrong to say that the cryptocurrency market is largely driven by Bitcoin. The increase in demand that has led to increased Bitcoin dominance may also be a sign that users are leaving low-volume and relatively riskier cryptocurrencies and switching to Bitcoin.
This is the real issue right now. #BTC This rise is not the bull itself, I think it may just be an indication that it is getting closer. For example, the dominance is currently between 53 and 54. The bull will not reach the moga before it falls to 45 or even lower.
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Fear and greed index is on the right of the screen, look at the greed level at 80, they are greedy for you... Do you think the bull has come? Are we bulls at the moment? Well, then why don't the bottoms accompany the rise of #BTC ? Why are they being crushed? If #BTC continues to do the moves he did in the past, which is likely to happen, I'm still a bull. I'm not completely convinced that you're coming, that's where dominance comes into play.
What is Bitcoin Dominance?
Bitcoin has been the biggest actor in the cryptocurrency market since its first production in 2009. Although there are many cryptocurrencies in the market, no cryptocurrency has managed to surpass Bitcoin in terms of market dominance. Bitcoin Market Dominance or Bitcoin Dominance is a data expressing the ratio of the market value of Bitcoin to the general value of the cryptocurrency market.
When historical data is examined, it is seen that Bitcoin dominance, which was over 96 percent in 2013, decreased to 32 percent in 2018. The underlying reason for this major decline is the increase in transaction volumes of other cryptocurrencies, especially Ethereum.
What is Bitcoin Dominance?
Bitcoin has been the biggest actor in the cryptocurrency market since its first production in 2009. Although there are many cryptocurrencies in the market, no cryptocurrency has managed to surpass Bitcoin in terms of market dominance. Bitcoin Market Dominance or Bitcoin Dominance is a data expressing the ratio of the market value of Bitcoin to the general value of the cryptocurrency market.
When historical data is examined, it is seen that Bitcoin dominance, which was over 96 percent in 2013, decreased to 32 percent in 2018. The underlying reason for this major decline is the increase in transaction volumes of other cryptocurrencies, especially Ethereum.
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What is the Fear and Greed Index?
Market dynamics are directly proportional to people's psychology. Especially a rising product attracts the attention of investors all over the world. People tend to invest in products that are rising and this is called FOMO (fear of missing out).
On the contrary, when the market declines, people get caught up in FUD (Fear, uncertainty and doubt). In this case, the impact of sales increases.
The above data is treated in two main ways:
Extreme fear can be a buying opportunity as it indicates that people are very worried and the price is at the bottom.
Excessive greed could mean a correction in the market.
This data, which analyzes the current sentiment of the Bitcoin market, is displayed with a simple rating from 0 to 100. Zero means “extreme fear,” while 100 means “extreme greed.”
Market dynamics are directly proportional to people's psychology. Especially a rising product attracts the attention of investors all over the world. People tend to invest in products that are rising and this is called FOMO (fear of missing out).
On the contrary, when the market declines, people get caught up in FUD (Fear, uncertainty and doubt). In this case, the impact of sales increases.
The above data is treated in two main ways:
Extreme fear can be a buying opportunity as it indicates that people are very worried and the price is at the bottom.
Excessive greed could mean a correction in the market.
This data, which analyzes the current sentiment of the Bitcoin market, is displayed with a simple rating from 0 to 100. Zero means “extreme fear,” while 100 means “extreme greed.”
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I see that everyone has tried to publish something within the scope of their technical knowledge. #BinanceTürkiyeSquar has started a new campaign this month. There are five sharing requirements. Moreover, if you do not have much technical knowledge, you usually talk about the weather like me. Actually, I should do that, but something happened this week that made me stink. #BTC . For God's sake, what kind of movements were there, first it went up to 64k, then it dropped to 58k, now I see that it is stable at 62k, I don't understand why these movements happened, what was its purpose, but once again, I was so scared that the crypto market is very big, yes, but in a bad moment, you can lose up to your pants. These are events that have happened before, please, if you want to invest, do not jump headlong into every project and most importantly, learn to be patient, I do not know, for example, I am constantly at a loss, I am waiting for the bull.
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They said to win with #BinanceTurkiyeSquare , they wanted the most likes and comments, and again, in every environment where it is on portalcoin, the one with the most followers will win. It seems to me that they will give one out of three to people like us. Anyway, let's continue to try our luck without giving up again and again. Will luck smile on the face of the poor?