Altcoin Unit Bias ‘absolutely destroying’ Cripto Newbies – Samson Mov – Tradingview News

Jan3 CEO Samson MOV says Bitcoin dominance has not yet exhausted the path after the analysis so that Altcoin prices would agree against Bitcoin if they were all under equal conditions of the total bid.

His forecast for Bitcoin Btcusd The dominance to increase as the ratio has already exceeded the levels that many crypto analysts expected to come to the end of 2024. Years.

“Unit bias absolutely destroys immovable,” said the guy in April 19 k post. The hair suggested that the unit of the unit in the behavioral economy that suggests individuals usually like to possess a complete unit or stock – often cause fewer experienced investors to assume that the CEF CEO is a better value.

Mow Altcoin screams at the Plaiing Field level

“You can buy twenty-one million millimications of BTC offer for ~ $ 85,000,” Kov said. He asked, “What happens if you remove the bias from Alts to calculate the equivalent of 1/21 million?”

He pointed out that eter Ettusd would cost the price of 9,200 USD, XRP Xrpusd would cost $ 500 and Solana Solubd They would be at a price of $ 3,400 – representing an increase of about 278,746%, 470%, or 2,328%, respectively, from their prices at the time of publication, according to CoinMarketCap data.

“In no way, these alts are worth a lot,” Kovo said.

Sunny, Anonymous Proponent Bitcoin, said 12. January that “unit unit core was the basic founding frame of Normie Mind.” It’s cheaper better. “

MOV said “most” Altcoin uses the advantage of the unit using a very high total offer, so market participants “cannot understand what they buy.”

Based on his budgets, the hair said that the dominance of Bitcoin was going “so much more.” The dominance of bitcoin – metric that reflects the share of bitcoins in the total crypto market capitalization – often use traders to measure when Bitcoin could approach the price of the price.

Historically, when the dominance of bitcoin decreases, often signals the beginning of Altcoin season, with a capital flowing from Bitcoin in Altcoins to find a higher yield.

At the time of publication, the dominance of Bitcoin sits at 63.66%, according to the tradingview data.

Several crypto analysts predicted the dominance of Bitcoin to approve 60% at the end of 2024. years before the Altcoin season was beginning.

In August 2024. year, in the cryptover, Benjamin Coven said, “I don’t think it backs up to 70%, my goal is the Bitcoin domination is 60%.”