Are You Still looking For New Coins When Bitcoin Dominance Hit 90%

coinsycrip09

full member

Activity: 910

Merit: 100

Quote from: btcholder on August 28, 2019, 07:42:18 PM

Yes i am. Why not if a new good new coin give me a good profit. Doesn't matter how much dominance reached bitcoin i still looking for a new good coin/token. Because who knows one day those coins made my life. Cheesy

i like your answer.
we don't know how the future will work, what else is cryptocurrency, everything can change in a matter of hours.
so i think, it doesn't matter if bitcoin dominates more. that could change and i would not miss the opportunity to choose and fill my wallet with a good altcoin or token. maybe in the future, the coin will make my wallet full of money.

NoirSuccubus

full member

Activity: 353

Merit: 108

I believe that in this market, nothing is everlasting. Not only in this market but in any business, swings and sweeps are a part of this business. Yes Bitcoin has a massive portion of market dominance as of right now but just wait and watch. I think that some of the promising Alts will come back and come back harder.

microbb8

member

Activity: 574

Merit: 10

The whole paradox is that new coins have every chance to grow in the market. Old coins are already heavily influenced by the price of bitcoin. Investors have already played enough and they are not interested in them anymore.

Gi01

full member

Activity: 342

Merit: 110

The key component in investing is identifying opportunities and taking advantage of them. In as much that Bitcoin dominance is around 90%, there are still good investment opportunities in the altcoin market and ecosystem to take advantage to earn more regardless of the dominance of Bitcoin in the crypto ecosystem.

btcholder

full member

Activity: 686

Merit: 102

Quote from: coin-investor on August 24, 2019, 08:28:32 PM

There are still new coins in the market being launched and we have seen how profitable it is if you are one of its early investors, but that was 2014 to 2017, today the scenario is very much different.

I can agree with you for that. At this moment it's too much ambition thing if we think like that. Now days it's too much hard to find a good quality project. And after that we can think about our profit. But it's possible to gain too much profit as a earlier investor if the project have a good future.

Quote from: coin-investor on August 24, 2019, 08:28:32 PM

A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.

Altcoin coin never going to die. Many Altcoin is popular like bitcoin. XRP, BNB, ETH one of them. But yes small and shit project will be gone soon or later.

Quote from: coin-investor on August 24, 2019, 08:28:32 PM

Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%

Yes i am. Why not if a new good new coin give me a good profit. Doesn't matter how much dominance reached bitcoin i still looking for a new good coin/token. Because who knows one day those coins made my life. Cheesy

Leonardo7

member

Activity: 686

Merit: 15

Even if the bitcoin dominance was 90%, the remaining 10% will be shared by altcoins, and the useless altcoin projects will just give way for an innovative project that has a good plan and support. We will not stop having a good challenging new coin in the market. But many useless projects will have to close business.

Hans Groober

member

Activity: 276

Merit: 10

Quote from: coin-investor on August 24, 2019, 08:28:32 PM

There are still new coins in the market being launched and we have seen how profitable it is if you are one of its early investors, but that was 2014 to 2017, today the scenario is very much different.

A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.

Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%

Previously, investing was of a long-term nature, investors gave their money and waited at least a few months for the end of the ICO, then for several months until this token was issued and placed on any of the exchanges.
Now with IEO from the date of investment to the date of listing of the token on the exchange, a period of no more than a couple of weeks occurs.
Investors benefit from quick money turnover, which is why they prefer IEO.

Prolifik

full member

Activity: 588

Merit: 100

I still believe that altcoins are not the blind way. Bitcoin can´t solve every blockchain use case and we see more and more technologies that can swap between 2 diffrent coins instantly, so why there should be only Bitcoin?

trauchot

member

Activity: 1764

Merit: 10

Quote from: coin-investor on August 24, 2019, 08:28:32 PM

There are still new coins in the market being launched and we have seen how profitable it is if you are one of its early investors, but that was 2014 to 2017, today the scenario is very much different.

A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.

Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%

I am now trying to invest less, because so far the altcoins have fallen very much in price and are not showing any growth at all, and at the moment I'm trying to participate simply in bounty companies so as not to lose my money in investing in altcoins, but I also think that the trade should change and people will begin to transfer money from Bitcoin to altcoins, but when it will start is not known, so for now we just have to wait and there are also new great altcoins which will give good profit, such altcoins like libra and gram.

senin

full member

Activity: 938

Merit: 137

Right now, it makes sense to look for promising coins and tokens for investment, while Bitcoin's capitalization has grown significantly. This means that investor funds are now in bitcoin, and will be ready to transfer to altcoins over time. There is nothing constant in cryptocurrency and therefore the level of bitcoin capitalization will inevitably fall in the near future.

dongosquad

full member

Activity: 588

Merit: 101

why not, if the coin has good potential. for new coins that have good potential, the possibility to get profits is greater. the situation in the market shows that not all new coins just die, there are still altcoins that continue to be developed by the developers even though the amount is small and not as much before 2017. so far some IEO is also quite promising especially those held in major exchanges such as binance.

retnocintaku

member

Activity: 588

Merit: 10

Decentralized Ascending Auctions on Blockchain

Quote from: coin-investor on August 24, 2019, 08:28:32 PM

There are still new coins in the market being launched and we have seen how profitable it is if you are one of its early investors, but that was 2014 to 2017, today the scenario is very much different.

A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.

Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%

Bitcoin domination makes altcoins experience very slow movements.
But with the price of Bitcoin soaring high, I thought it would make a good impact.
After a long period of 2018, that Bitcoin price dropped very far.
But now Bitcoin has re-bouncing.
Before the Altcoins again soar, it's better to also look for new projects like ICOS and IEO.
Currently, Altcoin is staying waiting time to re-soar.

Rubick99

member

Activity: 484

Merit: 11

I'm not looking how much the bitcoin dominance to buy some altcoin. But, surely I don't care about new IEO or ICO. To choose the best ICO/IEO not depending on btc dominance, we must know well about the project and the vision. If you confuse, it better to holding btc or the major altcoins.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: coin-investor on August 24, 2019, 08:28:32 PM

There are still new coins in the market being launched and we have seen how profitable it is if you are one of its early investors, but that was 2014 to 2017, today the scenario is very much different.

Yep that is correct, today's scenario is very different. And I find it very interesting that there are still noobs who are looking for a coin that will bring them back huge profit when we all know that investors are very choosy at this point and not just throwing their money in this market.

Quote from: coin-investor on August 24, 2019, 08:28:32 PM

A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.

Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%

Existing coins, specially those who have a huge tokens in circulation could eventually die if Bitcoin tops 90% dominance. But I don't think that wise investors are going to stop investing in ICO/IEO. Market is open and free and there's, it one coin die, another one will pop up and will build hype and will generate money. It still boils down to the marketing strategy of coins being born eventhough that Bitcoin is obviously the best asset out there at that time.

Jackblack90909

sr. member

Activity: 552

Merit: 250

It is true that Bitcoin's dominance is high nowadays, but it is also true that diversifying your crypto portfolio is the best way to make the highest potential profit. You don't know which coins/tokens are going to rise in the near future, so having many coins can make you fast earnings, and it is better than just holding BTC.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: ?? on ??

Dominance of Bitcoin is 70%, altcoins has almost 30%. If Bitcoin pump to 20K from now, pump is only 2*. Altcoin pump is always good and investor need profits

Most of the time, altcoins are for short-time investments. You need to jump onboard on time and leave the train as soon as possible. If not, you will be trapped and be a holder of worthless coins. Many people want assurance, so they opt to bitcoin investments. No matter what happens, bitcoin will survive because of the massive adoption it has as compared to other known altcoins.

mr_random

legendary

Activity: 1260

Merit: 1001

Quote from: leea-1334 on August 27, 2019, 04:05:04 AM

That is a really good point to ask and even if not 90% and Bitcoin has 70% dominance like Coinmarketcap says, why do we think it is worth it to keep hunting for new altcoins?

I guess the answer is that if somehow your new altcoin can even gain 0.1% of dominance in future, that is a lot of money. For me, if all my basket or Monero, Waves, Litecoin etc all make 5% together,,, I am happy!

Makes sense to invest in the altcoins that have a chance to obtain a small % of the total crypto marketcap. Instead of trading the altcoins, having a proper long term altcoin portfolio can be a good clarification for the questions asked by the opponent. Predicting the market cap of altcoins can turn to the gameplay, the end depends on the skills and expertise of the player.

New price momentum can hit the market less than 2 weeks which is the total required time for last Bullrun. Decreased Bitcoin dominance will open the new gate for altcoins that have chosen by the majority of the traders. Preferred altcoins share the common characteristics like the legit project, strong background team, raised funds, real advantages over competitor projects. These shared attributes are the main points why investors prefer to invest in before-mentioned projects than putting all money in the dominant based cryptos.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: ATSgrowth on August 27, 2019, 04:18:48 AM

Bitcoin dominance is almost 70% according to coinmarketcap, the highest in last few years and maybe this is a good indicator that Bitcoin dominance can´t grow more and it is time for alts. Wink

Not necessarily, right now the price of bitcoin is stable but if it begins to go down I do not see any reason why investors will choose to sell their bitcoin and get altcoins in return, it is more likely that investors will just get out of the market and sell their coins for fiat, so it is possible that a decrease in the price of bitcoin will push alts even lower and that will increase the dominance of bitcoin even further, it seems to me this is the most likely scenario and if it comes to happen I will be really sorry for those that decided to keep holding their altcoins since I do not see how they will recover the money they invested if the current negative trend regarding the price of altcoins continues.

ophyrim

sr. member

Activity: 994

Merit: 391

This calculation is not according to marketcap cap of all coins. If I am not wrong, 90% of BTC dominance according to trade volume. And I dont think trade volume can clearly reflect the reality. Because as you know trade volume is totally fake.

auntyjmary

jr. member

Activity: 368

Merit: 2

The high dominance of bitcoin over the other cryptocurrencies is really affecting the progress of many ICO projects. Now most crypto enthusiasts would rather choose to focus on margin trading with bitcoin than to invest in new projects. People invest in crypto to make profit hence the area of dominance is always the focus.

Topic: Are You Still looking For New Coins When Bitcoin Dominance Hit 90% (Read 618 times)