August 30th, 2021 | Updated on March 4th, 2022
A black swan event, a phrase commonly used in the world of finance, is an extremely negative event or occurrence that is impossibly difficult to predict. In other words, black swan events are events that are unexpected and unknowable.
The term was popularized by former Wall Street trader Nassim Nicholas Talab, who wrote about the concept in his 2001 book Fooled by Randomness. The most important thing about Bitcoin Dominance is that it can help you understand if altcoins are in a downtrend or uptrend against BTC.
. When BTC Dominance increases, alts on the whole lose BTC value.
. When BTC Dominance decreases, alts on the whole gain BTC value.
This means in most cases you’ll want to be in Bitcoin when Bitcoin Dominance is in an uptrend, and then be in alts when Bitcoin Dominance is in a downtrend.
