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RE: The only trend I care about:

in #steem6 years ago (edited)

Interesting chart. If comparing with Bitcoin, it shows when Bitcoin Mcap started to decline, 'Others' Mcap started to rise, which means, when Bitcoin price started dropping, not all proceeds from Bitcoin went to cash, some of it went to Others.

Another thing to note is, two, that are now among top 10 (EOS and Cardano) had quite a strong run up lately. But since they are not (yet) listed bellow, you can't check their influence in this "Others" rise chart. My guess would be EOS and Cardano contributed a lot to this Others chart rise.

One last thought, when BTC starts rising again and money start pouring toward it again, will money flow reverse and start moving from others back to BTC?!?

0035_BTC_vs_others.png

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Very good analysis and a very good question. I think "Others" FOMO will keep a large majority camped in "Others". Moving out of quality crypto like STEEM, BitShares, EOS, Cardano, Syscoin, back into BTC would be a conservative trade that I personally wouldn't be able to justify, and my bet is that the market will show us that most of us are of like mind.

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