I see others posting about BTC dominance crossing 50%. What are you talking about? You really think that 50% is BTC dominance?
Yeah, it is not fake number, it is actually 50% in BTC but where is the rest of 50%?
In altcoins? You will see after this bear market what will altcoin market looks like. 95% of altcoins are scams! All that money will flow in future to BTC and rest of altcoins that has some value and working project.
BTC was king, BTC is king and BTC will stay the KING!
Think a little bit about altcoins you are holding and their real value. Beside ETH and LTC ( maybe few more ), I do not see any value of that coins. They are just still holding price bcs of hype about thei potential project but they are not moving! They are still at the step!
So, be careful what are you holding! I would rather hold BTC knowing that it will drop 80% in future than 95% of altcoins! The truth is that the majority of altcoins will die and be forgotten so when someone tells you to buy the dip, be very careful!
DO YOUR OWN ANALYSIS!
The truth is that BTC dominance should be at least 70-80% if we don't include these scams made on other blockchains. Scams called Initial Coin Offerings (a.k.a. ICOs).
Not only ICOs, but also hardforks! Ohh we can easily say that BTC dominance should be 80-90%... because the value of other coins is amolst zero and when you multiply zero even with 100% you got 0.
Think about this for a bit!