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Bitcoin dominance is a worthless, misleading nonsense of a metric.
It is hypocrisy to tout it as being relevant when bitcoin's dominance is rising, and then to dismiss it as irrelevant when it drops.
There's some comments on this in another post, found here on SN:
Why Is Bitcoin Dominance So Much Lower Than in Previous Bear Markets?#105359https://www.coindesk.com/podcasts/the-breakdown-with-nlw/why-is-bitcoin-dominance-so-much-lower-than-in-previous-bear-markets [Archive]
And
Bitcoin Dominance#109011https://youtu.be/Mp7Z0nqh-w0
BTC is just King...
Bitcoin dominance is a worthless, misleading nonsense of a metric.
It is hypocrisy to tout it as being relevant when bitcoin's dominance is rising, and then to dismiss it as irrelevant when it drops.
There's some comments on this in another post, found here on SN:
Why Is Bitcoin Dominance So Much Lower Than in Previous Bear Markets?
#105359
https://www.coindesk.com/podcasts/the-breakdown-with-nlw/why-is-bitcoin-dominance-so-much-lower-than-in-previous-bear-markets [Archive]
And
Bitcoin Dominance
#109011
https://youtu.be/Mp7Z0nqh-w0
BTC is just King...