Discussion
Glorious
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Play nice with the slow kids. Your mom should have taught you that.
Plus you're being very selective in you time frames there buddy! There were like 10 weeks that you could have bought ETH in 2019-20 and be up several % vs BTC. Hahahahahahaha.
I bought all my ETH in January 2020 and I'm up 10% vs bitcoin over that time, brah! Crushing it brah. Hahahahahaha.
Yeah, yeah, everyone bought their ETH in January 2020. That was like you know, the time to buy! Hahahahaha.
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Buuuuuu Muuuuuuu BTC.d chart TA says bitcoin is about to lose dominance. Muuuuuuu Alt Season is coming!
Fun fact about BTC.d when first tracked there were approximately 300 illiquid shit coins that were measured against BTC's market cap. 99.9% are worth per in bitcoin value today. Also today there are 9000 illiquid shit coins that would all go to 0 in 15 minutes with BTC's sell pressure that are measured in the BTC.d chart.
BTC's dominance was 80 / 85% depending on where you look. It is now 61%. If shit coins were just holding onto their value with. With 30x more projects measured against BTC the dominance would be 2.67%
Effect of 30x More Coins
If all new coins held their value proportionally and the total market cap grew accordingly, then Bitcoinβs share would be reduced by a factor of 30x.
New BTC Dominance = Initial BTC Dominance / 30
= 80% / 30
β 2.67%
So relatively BTC has strengthened from 61%/2.67% against the shitcoin field. It is 22.85 times more obvious to the free market that BTC is the only thing that matters.
Tell me again about how your Crypto Kitties are going to moon next Alt Season, you fucking idiot. I'm talking about the proverbial shitcoining fucking idiots. Not anyone in particular. π
*99.9% are worth 0 in BTC and USD terms today.
π the content warning