RE: Bitcoin (BTC) Morning Update: MACD says a KABOOM is Probably Coming Very Soon!!

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Bitcoin (BTC) Morning Update: MACD says a KABOOM is Probably Coming Very Soon!!

in bitcoin •  7 years ago  (edited)

Nothing ever decouples from BTC because Bitcoin is the moon that moves the tides in the Cryptosphere Ocean and ALL altcoins swim in it. There may be episodes of non-phasic price moves where EOS rises while BTC declines; however it will never be inverse.

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I disagree with that statement. The only reason BTC dominance is so high is because it is the middle man to most Alt pairs. Examples such as BTC/ETH, BTC/ADA, BTC/XRP and so on and so forth. Bitcoin dominance has dropped from 85% back in January 2017 to 36.6% as of today. When time comes and block chain technology further settles, most exchanges will do fiat to alt-coin and Bitcoin will completely decouple from alt-coins as it will no longer be needed for investment purposes anymore, mark my words. Great post btw, thanks for the great content 😁 👍🏼