Topic: Bitcoin Dominance (Read 589 times)
Even though market falls but still bitcoin will win the race among others. The entire market still depending on bitcoin's trend, everything will goes down once bitcoin will go down also. Since we are in decentralized market, there is no way we can do to change that.
It is becoming really difficult to believe that this is the much awaited bull run. This is not the first time we are experiencing price appreciation. So the market is still filled with so much uncertainties.
As traders, you really need to take advantage of every situation, whether bullish or bearish, just like we are right now, bitcoin suddenly went on a sort of break out run, and I hope everyone had just when the price is $6800 and its easy profit if you are willing sell at the current price of $7K or wait till it increase more at $7K++.
It is becoming really difficult to believe that this is the much awaited bull run. This is not the first time we are experiencing price appreciation. So the market is still filled with so much uncertainties.
Bitcoin dominance this year would still be the same! Most of the Alts will depend on the bitcoin movement. My personal prediction this year would be lesser compared to previous year. I think the 15k support at the top is more realistic and 5.5k at the bottom. Lets just all wait and see when time unfold for all cryptocurrency.
I think, bitcoin will most likely gain dominance up to 70% or more and moon.
As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
Actually the scenario is little different right now. Bitcoin Dominance is almost 47 percent with market cap just under 300 Billion. This means people are moving money in bitcoins by selling their alts and new money is not being floated in the market with full flow.
As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
BTC will dominated cryto market as always, others only followers. New coins can't take bitcoin position because all coins came from bitcoin and bitcoin already have long history in crypto market. Besides that bitcoin always get higher supply and demand than others. Up or down bitcoin will lead all coin, follow it and leave market when take profit/ stop loss reached.
BTC is currently stable at the $8,140 level and has quickly recovered after slipping through the $8,100 support. Price touched the upper extremity of the lowest zone in this sideways trend, but the bulls swiftly fought back, and the price has snapped back up and is now sitting within the previous support zone.
We can see from the volume profile that buy volume stepped in to match the sell volume indicating that the struggle will continue. Something to note is that we are witnessing lower highs and lower lows forming indicating a slow downward climb.
. BTC
We can see from the volume profile that buy volume stepped in to match the sell volume indicating that the struggle will continue. Something to note is that we are witnessing lower highs and lower lows forming indicating a slow downward climb.
. BTC
I think every bull run would have its own style. Bitcoin dominated during the last bull run and some altcoins bleeded and some skyrocketed more than bitcoin itself. No one can ascertain what the next bull run would look like but for sure, bitcoin dominance would always be there
60% dominance will be super. But I like to see at least 50% first this time. Now more and more altcoins come to the market. So I don't know whether Bitcoin can reach 60% dominance sooner. But I hope so.
Bitcoin is used as a reference for many bitcoins as the value of all cryptocurrency values. Bitcoin is a gateway coin for many investors, because of its high profile and bitcoin remains strong and increasing.
Funny how threads are being created.
The other week it is all about bitcoin is dead and a lot more FUD's about bitcoin and then, with a sudden rise it began to be a dominating currency.
What is the matter with this people?
I do think this is just the start. But hey, look at the difference by now. Some altcoins are not being pulled up the same way bitcoin is. Looks like they might be switching back to BTC.
The other week it is all about bitcoin is dead and a lot more FUD's about bitcoin and then, with a sudden rise it began to be a dominating currency.
What is the matter with this people?
I do think this is just the start. But hey, look at the difference by now. Some altcoins are not being pulled up the same way bitcoin is. Looks like they might be switching back to BTC.
According to CoinMarketCap the current dominance of Bitcoin is 48%. This is a normal value for April 2018. Recently its dominance fell down to 32% in February 2018. But who knows whether the dominance of Bitcoin will increase or not. Probably everyone can sell their altcoins right now and buy BTC, and when the price of Bitcoin will grow relative to these coins, buy altcoins again but much more.
As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
It is quite good that bitcoin is keeping the first place because in this wild and unstable world we have only one still thing and it is the dominance of Bitcoin, I hope all the countries will accept it, and we will be more free.Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
the kind of this dominance could be a something bad for bitcoin itself. even if bitcoin become so hype but its trade volume was so... "i can said, its still worst"
i think this is the effect of so much coin/token born today. which make people's money divided into various kind of shitcoin that just focused on bitcoin
i think this is the effect of so much coin/token born today. which make people's money divided into various kind of shitcoin that just focused on bitcoin
I don't think the Bitcoin dominance will go as high as it did in the previous cycles. I can actually see it coming down further and further each cycle as the alts slowly wrestle market cap from Bitcoin.
Yes, I share the same opinion of Bitcoin dominance becoming more prominent in the not so distant future which will massively contribute to the bust of BTC closer to its real market value.
As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
Looking at the last 3 weeks of December 2017 and leading up to new all-time-highs.
Dec 03- 10- Bitcoin Price: $11,177.76 Dominance: 48.0%
Dec 10 -17 Bitcoin Price: $13,916.79 Dominance: 48.0%
Dec 17-24 Bitcoin Price: $19,528.93. Dominance: 48.0%
Source: https://coinmarketcap.com/historical/
So nothing has change. Bitcoin dominance is also at 48% so it made me think that maybe this so called dominance is irrelevant in terms of the price of bitcoin.
As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
It is quite good that bitcoin is keeping the first place because in this wild and unstable world we have only one still thing and it is the dominance of Bitcoin, I hope all the countries will accept it, and we will be more free. Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
I've turned into that annoying Bitcoin guy in the office, everybody knows my thoughts on banks and bitcoin. And one thing that seems certain is everyone who is a noob only thinks there is Bitcoin and then a bunch of scammers. And there are a lot of scams, which doesn't help our community.
I believe Bitcoin will always be the dominant crypto currency, and I am investing heavily on that hunch. Skoal to all of us BTCBTCBTC believers!
I believe Bitcoin will always be the dominant crypto currency, and I am investing heavily on that hunch. Skoal to all of us BTCBTCBTC believers!
it looks like this is the beginning of the return of bitcoin currently on the btc market has reached $ 8000 and I think that will continue to rise, hopefully other altcoins follow.
It is not a new thing that we are hearing this news of dominancy of bitcoin as bitcoin is dominating the entire crypto market since the time it has been introduced. Bitcoin is the only coin which is just like the backbone of entire crypto market and the ones who are investing in crypto currencies trust bitcoin more than any other coin and that this is the reason why bitcoin is so much famous amongst the people. 
As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
No one knows on what would happen next into this market. After all those kind of percentage talking about on the dominance between altcoins and bitcoin itself, is there anyone who do able to predict? For sure none of us would have the idea.Do you think it will be lower because of so many new coins have entered the market since then?
Possible but knowing about bitcoins popularity and adoption we can presume that it would still have the biggest percentage on the entire market.What do you think of the current price rise, where do you think it will confirm a bull run?
No literally a bull run yet we arent still on the main fundamentals as of this year. Like ETF decisions, we do already see the initial which is a decline but it didnt affect too much. Jump to: