Our Thoughts on Bitcoin Dominance

in LeoFinance2 years ago

In this clip from the Weekly AMA, we talk about Bitcoin market cycles.

In the last market cycle, BTC went to 20k then it crashed pretty quickly from there in 2017. In 2018, we saw a boom of ALTs, then when it crashed BTC dominance came back to 60%. Right now its at 45%.

There's a strong probability that the institutions break the four year cycle.

We talk about this and more in this clip from the Weekly AMA!

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Our mission is to put Web3 in the palm of your hands.

Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Polygon HBD (pHBD): https://wleo.io/hbd
Polygon HIVE (pHIVE): https://wleo.io/hive

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
LEO Wrapping Bridge: https://wleo.io

Posted Using LeoFinance Beta

Sort:  

Bitcoin is still moving in progressive state that will definitely experience a higher pump in price soon without doubt

Posted Using LeoFinance Beta

I agree, it’s more of a matter of wen than if

Posted Using LeoFinance Beta

Sure no body knows when but we hope that soon the pump in price will definitely come again
You tictok video are always informative @khaleelkazi keep the good work going friend

Posted Using LeoFinance Beta

Like you explained on Tiktok and I agree... Bitcoin and the market is dependent on the FED's atm. The dominance would increase, if the market crashes again, many Alt coins will fall

Exactly! Glad to hear you’re watching and liking the Tik toks :)

Posted Using LeoFinance Beta

I watch it every day, there is just so much to learn!

Plus it's a way to get to know you a bit :) (The personal Success stories and tips)

It's hard to predict as there are actully a lot of very viable options now compared to before. 2017 was the first time we really saw a huge influx in altcoins and for the most part the winners from then are now the winners of now. Your Polygon, Binance etc.

I see us bouncing back by 2023 and honestly bitcoin holding above 20k is huge in terms of showing the massive value it has. That's crazy higher then the pervious cycle. I don't see this cycle lasting more than 2 years and we are already nearly a year in since November or one could say October of 2021.

Posted Using LeoFinance Beta

Man, must say I'm a little disappointed that you talk about BTC but don't use @taskmaster4450 leoglossary for Bitcoin.

To be a bit more serious though, I hope we see a short bear market and might start trending back upwards again in the end of the year. Might also be because I'm heavily bullish for Thorchain, who right now seems to be tightly tied with the performance of BTC.

Posted Using LeoFinance Beta