RE: Bitcoin's Reduction In Dominance
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Like many are saying in the comments I also think bitcoin's diminishing dominance might be a sign of the altcoin season and just part of the natural evolution of the bull market instead of something more profound.
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It could be but the problem is, with the idea of an alt season, one is holding the premise that there is just a rotation of money from BTC to alts and back.
That might have been the case years ago but I think we are in a different era. There is money flowing in as well as major development. We are seeing a lot of tokens dropping, some that get major value. UNI and SUSHI are examples of that. Hell there was another token dropped today for those who owned a coin that many seem very high on (I dont follow it so cant really say).
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in any case, I want to convert as many shitcoins as I can to tether and get back into bitcoin when it will be on the cheap
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You might get there next week at the pace Bitcoin is dropping.
A lot of red.
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There is a lot of dropping that must take place until it hits $20.000 :P
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