Bitcoin Domination REVEAL! Dollar system copy.
People often talk about Bitcoin Dominance 
BTC.D , but mostly just about the chart, not about the hidden monetary system around it.
The fiat system has the dollar, which is like Bitcoin for all other crypto but for other currencies. The dollar is the world’s reserve currency not just because we want it to be. This is a rule of the massive and complex real financial system, which could NOT change significantly even within 10-20 years. I have a strong understanding of this topic, but this post is about the really important question: “When will altseason happen?!”
Most top altcoin founders have a lot ofBTCUSD & BITSTAMP:ETHUSD. These two assets are the oldest in crypto, and because of this, they contain all the liquidity in the market. Any altcoin has a mission for its founder—to gain profit: more BTC, more ETH, more USDT. Because of that, from time to time, we see weak altcoins and a strong Bitcoin. At this moment, they buy and pump altcoins a lot.
The top chart is Bitcoin Dominance against other tokens. And now (31 Oct 2024), we see Bitcoin at an all-time high and altcoins nearly dead. But wait for it; you will see that liquidity will jump into your favorite token.
The bottom chart is
DXY, meaning the dominance of the dollar against other currencies. That’s why I think the Bitcoin team (corporations, not Satoshi) built a fiat-like system, and we should expand this theory to understand more.
Remember, the end of 2025 - the end of the bull market.
BTC.D , but mostly just about the chart, not about the hidden monetary system around it.The fiat system has the dollar, which is like Bitcoin for all other crypto but for other currencies. The dollar is the world’s reserve currency not just because we want it to be. This is a rule of the massive and complex real financial system, which could NOT change significantly even within 10-20 years. I have a strong understanding of this topic, but this post is about the really important question: “When will altseason happen?!”
Most top altcoin founders have a lot of
BTCUSD & BITSTAMP:ETHUSD. These two assets are the oldest in crypto, and because of this, they contain all the liquidity in the market. Any altcoin has a mission for its founder—to gain profit: more BTC, more ETH, more USDT. Because of that, from time to time, we see weak altcoins and a strong Bitcoin. At this moment, they buy and pump altcoins a lot.The top chart is Bitcoin Dominance against other tokens. And now (31 Oct 2024), we see Bitcoin at an all-time high and altcoins nearly dead. But wait for it; you will see that liquidity will jump into your favorite token.
The bottom chart is
DXY, meaning the dominance of the dollar against other currencies. That’s why I think the Bitcoin team (corporations, not Satoshi) built a fiat-like system, and we should expand this theory to understand more.Remember, the end of 2025 - the end of the bull market.
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Founder of Real Charts, free to use. Join Telegram: linktr.ee/sholi_from_real_charts
Founder of Real Charts, free to use. Join Telegram: linktr.ee/sholi_from_real_charts
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