At which price will loose Bitcoin the dominance in the Crypto Market? - page 6.

jostorres

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Quote from: cutesgirl on October 05, 2019, 12:30:28 PM

Bitcoin always dominance how ever price because investor have higher trusted with bitcoin than altcoin, Bitcoin have stable price every day when bitcoin down just take few weeks for get back to higher, for altcoin less dominance because investor do not brave for holding altcoin in long time because after altcoin down never get back to the higher.

I don't even see bitcoin loosing dominance at any time for now and even when it reaches its highest peak where there is no longer volatility; it would still not loose dominance because that time is when people would rely more on using it for payment and accepting it also as payment because of its stability then.

The dominance of bitcoin does not even stop altcoins from performing, so we need to stop attaching the misfortune of some of these coins to bitcoin, they all have their own different use case, same as bitcoin has also. If altcoins really wants to gain dominance, they need to just act on their own real use case first and make sure they do everything possible to just attract very great investors or users to them, and then sustain them with their real use case.

Eclipse26

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Rather than basing it in the usd, the moment when alternative coins surpasses the value of bitcoin, maybe it's the time when other coins will dominate the crypto market. But this situation is way far from now to happen since there's a big gap between bitcoin and alt coins.

meliodas

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When the price of bitcoin fall under 6,000 USD then it will eventually lose the dominance because that is the signal for the cryptocurrency people and of course the whales to migrate their bitcoin and spread it out through different altcoins and that is when the altcoin season will start and after that, it will just go back to bitcoin to start another bull run.

kooboat

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With the current happenings and looking at the trends and charts in previous years, it seems bitcoin would always maintain the market dominance for a very long time. Ethereum and the other popular altcoins have tried to maintain their relevance for long but the fact has always remained that bitcoin would always dominate the market.

Wysi

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Quote from: lumierre on October 07, 2019, 03:24:02 PM

Bitcoin dominance will fall to reach 57-63% maximum, but Bitocin will always dominate on the crypto market. No one altcoin (for now) managed to prove that it is better, and what is more important, more reliable and trusted than Bitcoin. Thus, the #1 crypto will lead the market for many years more, and it is worth investing exactly in BTC (when you create a portfolio, for example).

As of now we need to forget about the first position as it will always be retained by bitcoin at least for next few years as other altcoins have a long way to go before even trying to compete with bitcoin but yes there are chances for other altcoins to be the second most dominant coin by replacing ETH which was done by ripple in the past only for a short span of time.

lumierre

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Bitcoin dominance will fall to reach 57-63% maximum, but Bitocin will always dominate on the crypto market. No one altcoin (for now) managed to prove that it is better, and what is more important, more reliable and trusted than Bitcoin. Thus, the #1 crypto will lead the market for many years more, and it is worth investing exactly in BTC (when you create a portfolio, for example).

lab rat hoax

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I think that bitcoin will not lose its dominance in the market easily in the coming years because it is the king of the market and will continue to be so. Remember, what happened when bitcoin dominance dropped to 35% last and ethereum dominance approached bitcoin? Bitcoin quickly increased market dominance and bitcoin dominance rose up to 70%. So it doesn't seem easy for bitcoin to lose its dominance in this market. Bitcoin will continue to be the king of this market unless it is something extraordinary

cutesgirl

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Bitcoin always dominance how ever price because investor have higher trusted with bitcoin than altcoin, Bitcoin have stable price every day when bitcoin down just take few weeks for get back to higher, for altcoin less dominance because investor do not brave for holding altcoin in long time because after altcoin down never get back to the higher.

DBronze98

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This question is really difficult because each time the price and dominance will be different. but I believe that once investors have lost faith in bitcoin because they are no longer profitable, they will sell off bitcoin and reduce its value to a few hundred dollars and never. pump it again.
This is the scenario that will happen in the future when the transactions become too time consuming and costly.

Leyss

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Bitcoin may lose its cryptocurrency price dominance at different prices. This will depend on the state of the market at that time. Therefore, one cannot say at what price he will lose this dominance. Most likely, not altcoins will rise in price for this, but bitcoin will lose it. Bitcoin is not developing as fast as altcoins, so this will happen anyway.
Most likely, it will be somewhere in five years.

jake zyrus

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For me, when other coins surpasses the value of bitcoin and when crypto users start losing it's trust towards bitcoin and start moving from here to other coin. With that scenario, there's a big possibility that bitcoin will lose its dominance in the crypto market. Though this scene is still vague for me sine there's a big gap between bitcoin and altcoins. Bitcoin will still remain dominant for many years.

SummerBliss

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Don't you think prices of other coins matter more than the price of Bitcoin to ascertain Bitcoin's dominance in Crypto Market?
Market Dominance is two variables chart where one variable is X (Bitcoin's total market value) and the other variable is Y (market value of all cryptocurrencies combined). If we are considering the Bitcoin's price in isolation, we can only determine one of the above variable i.e. X so it's a kind of incomplete thread from you.

romero121

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The chances for the dominance level of altcoins to overcome bitcoin is very narrow in my view. As the entire market follows the bitcoin's movement, whenever there is drop in the price it also gets reflected over the altcoins. In this year the growth pattern between altcoins and bitcoin differed. There is no mutual growth, bitcoin grew better and bigger while altcoins were stagnant. This has caused a massive difference in the dominance level between bitcoin and altcoins.

Week ago ethereum showed a small growth and the same contributed to the dominance. We can't expect the same to will continue, ethereum will grow to some level and further it'll follow the pattern of bitcoin for some reason.

shoreno

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Quote from: ichai on September 27, 2019, 12:01:00 AM

I think that's when the value of Bitcoin is less than $ 1k and the price of ETH is still holding at $ 400 or $ 500!
I still believe that this will happen in the future when many investors want to invest in technology.
But I think it is still a long way from being witnessed, the current situation we are still experiencing a horrible bear market! Cheesy

if there are many investors you think the value will go down ? no but it will increase more . you are believing that this event will happen in the future and you said its a long way but you also said that there is a now a bear market .

bear market is actually the downfall of the price , if you arent aware what it means . btc can decline and reach less than 1k usd as what you intend but i still dont think that it can happen because when investor sees a price fall , they will only purchase more coins so the value will just return to normal.

ichai

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I think that's when the value of Bitcoin is less than $ 1k and the price of ETH is still holding at $ 400 or $ 500!
I still believe that this will happen in the future when many investors want to invest in technology.
But I think it is still a long way from being witnessed, the current situation we are still experiencing a horrible bear market! Cheesy

adamlillian

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here we don't matter about price, because like the cycle and how the market works, when the price of Bitcoin goes down -> the alts also go down.
therefore, bitcoin only loses its dominance when its Dominance is less than 20%, and that is when the altcoins take the throne and usher in a period of technological investment in the crypto market. There will not be so much manipulation in bitcoin.

DAVETUN

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Bitcoin is a cryptocurrency coin that can be trusted base on the fundamentals behind it, it has withstand several negative waves against it existence over the years, with the upcoming halving in 2020, the fear of its scarcity will pull up the price overtime, there is a possibility of a bull run to $32,000 before may 2020

illnino

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Quote from: FlightyPouch on September 20, 2019, 10:21:38 PM

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Well, I guess it is already happening since the Bitcoin dominance makes it possible to let those altcoins left behind despite of the stability of the price this past few weeks. There's no way altcoins would go beyond and surpass Bitcoin if the current state of the market declares the outcome already.

It is the first crypto currency so obviously it will be dominating the market despite a lot of competitions, if I should even call it competitions, in the market. As you said, there is no way that these crypto currencies will be surpassing bitcoin. With a lot of its supporters, investors, and users, bitcoin will continue to dominate the market no matter what time and price it has.

They say, Bitcoin is the only one "true" cryptocurrency, therefore it will be strange to guess that its dominance will come to end. However, it can reach 30-40% again, when the bull run starts and altcoins will grow. We should wait for Ethereum 2.0 - many alts are connected with ETH, and the changes will affect them (suppose, positively). I doubt that BTC dominance will be decreased this year.

sana54210

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I don’t think that we should base the dominance on pricing, because if that is the case, altcoins may never dominate since bitcoin will always increase in price because of the more adoption that it is getting in the market and people are seriously accepting bitcoin now, not just for assets alone but also for usage as payment system, so I would not really expect the dominance of bitcoin to really die now.

We can only see some consolidation of bitcoin at one point, that is when bitcoin will be moving sideways and that period is when it will slow down in its increase which we may never know the price, and then altcoins will start to surge till bitcoin is ready to assume its surge position again. So that poll of trying to use figure is what I really don’t know about.

TheCoinGrabber

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It's not about the price but whether people are willing to keep buying and holding a coin. Whenever some alt suddenly gain a massive price boost, do you automatically call it dominant? Of course not, especially since it likely is some P'nD coin.

Just because bitcoin is currently at a low price doesn't mean it has lost dominance. People convert and move around their money after all.

Topic: At which price will loose Bitcoin the dominance in the Crypto Market? - page 6. (Read 1274 times)