Search the Community

What is Bitcoin? What is Dominance? And what is its effect? Bitcoin: We know that Bitcoin is the most powerful cryptocurrency out there! Therefore, it has a huge impact on the rest of the cryptocurrencies! But when is the impact of Bitcoin strong and when is it low? Dominance Bitcoin Dominance of Bitcoin, which is what Bitcoin acquires from the market value of all digital currencies, in relative terms. For your information, Bitcoin Dominance has its own chart, by opening the chart on the Tradingview website, you can analyze the dominance and benefit from it Bitcoin Dominance Chart on Tradingview: https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/ Dominance general rules The rise in the Bitcoin Dominance in addition to the rise in the market cap as a whole, the result will be a rise in the price of Bitcoin and other currencies altogether 1- Bitcoin's dominance rise in addition to the drop in the market cap, the result will be a relative stability of the Bitcoin price and a decrease for other currencies 2- Bitcoin Dominance decreased in addition to the market cap, the result will be a decrease in the price of Bitcoin and a rise in other currencies 3- The decrease of the Bitcoin Dominance in addition to the decrease of the market cap, the result will be a decrease in the price of Bitcoin and other currencies Traders have to use this chart and these rules to make a good profit !