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Topic: Bitcoin Dominance - page 2. (Read 626 times)

hero member
Activity: 3010
Merit: 666
July 29, 2018, 01:39:59 AM
#50
although many altcoins are included in the crypto but people will definitely come back again to bitcoin. but it is also of course very influential on bitcoin price stability.
I admit i usually go with bitcoin and altcoins investments like ETH because they will give you the biggest profit you want.But having bitcoin alone can be a great choice already because you don't have to fear anymore knowing this coin has still so much potentials to give.Just buy when they are in dips and then hold them after.I'm sure you will have a sure profit in due time.
sr. member
Activity: 1610
Merit: 264
July 29, 2018, 01:38:48 AM
#49
That 66% will still be too low for dominance in the next bull run and I am pretty sure it will bring waves next although we haven't seen the best of the increases yet. Altcoin slowly grows according to my portfolio. You're partially right in the altcoins catching up with BTC dominance, but it couldn't be on the same level yet or at least it will never be, we don't know.
legendary
Activity: 1512
Merit: 1041
July 29, 2018, 01:31:56 AM
#48
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?
I have talked about this before and I will again. There is two chances that could happen. Either bitcoin price will stay about the same (or go up just a bit more) and altcoins will soon follow it because there will be new money coming into the altcoins. Or the bitcoin price will go down and alts will gain value against btc. These are the two only options for the dominance to go down and I promise you it will go down. I hope alts go up while bitcoin is still up.

Quote
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?
In coming days, definitely bitcoin's share on entire crytpo space may get shrunk and which might go as low as 10% also when there will be another inflationary coin like ethererum along with which will get bumped in more frequent times. But, marketcap or its value for measuring dominance in the market at all not having any actual meaning in my understanding.
full member
Activity: 336
Merit: 100
July 28, 2018, 11:14:08 PM
#47
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.
member
Activity: 322
Merit: 12
July 28, 2018, 07:39:24 AM
#46
I think Bitcoin dominance is used to measure many Bitcoin values as a percebtage of all cryptocurrency values. Bitcoin is a gateway coin for many investors. Now the dominant Bitcoin will be dismantled and free Bitcoin will start releasing altcoin
member
Activity: 490
Merit: 28
July 28, 2018, 07:32:04 AM
#45
IMO, bitcoin dominance is nothing but an unnecessary statistic since we all know that in time, people would always revert back to bitcoin after the profits in other alts have been reaped. As the first known cryptocurrency that is publicly traded and hit the exchanges, people will always be comfortable in having their money invested in bitcoin no matter how bad the previous runs have been since they know bitcoin always recovers. It's already a given fact in the world of cryptocurrencies, and even though we try to twist the words, bitcoin dominance, even without the term, will always be there no matter what. Money in the crypto-economy only revolves around with a few fresh money coming in day by day, so it's somewhat irrelevant to keep track of this so-called 'dominance'.
Bitcoin is not only dominating all the crypto coins which are there but it is also dominating some of the regular currencies too and that there are likely chances that we will be able to see this bitcoin dominating rest of the regular currencies too in the future and that a day will come, when we will see this bitcoin becoming the world’s global currency which will then be used by majority of the people.
As I had been observed for several years bitcoin still dictate the tempo of cryptocurrency market, once bitcoin price go down the price of altcoins will also go down, and when it will go up same thing happened to altcoin's that’s why I would say  it cannot be denied bitcoin still dominate the cryptocurrency market.
member
Activity: 124
Merit: 10
July 28, 2018, 06:04:27 AM
#44
although many altcoins are included in the crypto but people will definitely come back again to bitcoin. but it is also of course very influential on bitcoin price stability.
jr. member
Activity: 286
Merit: 3
July 28, 2018, 05:41:22 AM
#43
IMO, bitcoin dominance is nothing but an unnecessary statistic since we all know that in time, people would always revert back to bitcoin after the profits in other alts have been reaped. As the first known cryptocurrency that is publicly traded and hit the exchanges, people will always be comfortable in having their money invested in bitcoin no matter how bad the previous runs have been since they know bitcoin always recovers. It's already a given fact in the world of cryptocurrencies, and even though we try to twist the words, bitcoin dominance, even without the term, will always be there no matter what. Money in the crypto-economy only revolves around with a few fresh money coming in day by day, so it's somewhat irrelevant to keep track of this so-called 'dominance'.
Bitcoin is not only dominating all the crypto coins which are there but it is also dominating some of the regular currencies too and that there are likely chances that we will be able to see this bitcoin dominating rest of the regular currencies too in the future and that a day will come, when we will see this bitcoin becoming the world’s global currency which will then be used by majority of the people.
member
Activity: 154
Merit: 10
July 28, 2018, 05:09:55 AM
#42
Do not doubt about it that this thread has brought a clear topic for us and the answer is simple if we perceive the price reflecting that even its lowest market value is far better than others. Its average improvement is on its ways besides which other cryptocurrencies are also progressing but the Bitcoin is improving rapidly on the basis of average data. So it is of no doubt that the Bitcoin is dominating over others and will keep its dominancy in future.
I think that BTC will not dominate over other crypto-currencies more than 65% this year. I want of course that BTC well dominate more strongly, but I understand that the market is overloaded with projects, and when investors come to this market, they d`nt really understand the distinguishes between BTC and altcoins.
sr. member
Activity: 2030
Merit: 323
July 28, 2018, 04:40:39 AM
#41
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.
Most of the time good reviews really do help Bitcoins morale however the negated part of it has been emphasized through the years and it is not that shocking if some people starts saying Bitcoin dominance when it is already dominating in the process. This thread needs an update or maybe not.
Do not doubt about it that this thread has brought a clear topic for us and the answer is simple if we perceive the price reflecting that even its lowest market value is far better than others. Its average improvement is on its ways besides which other cryptocurrencies are also progressing but the Bitcoin is improving rapidly on the basis of average data. So it is of no doubt that the Bitcoin is dominating over others and will keep its dominancy in future.
full member
Activity: 420
Merit: 100
July 26, 2018, 04:12:40 AM
#40
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.

Bitcoin will always dominate the market since there are more people who are interested on bitcoins more than other cryptocurrency due to its price that is increasing faster.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
July 26, 2018, 02:42:10 AM
#39
I wholeheartedly agree with what's been said about dominance being a useless statistic, especially when practically anyone can make a shitcoin and there's now thousands of alts out there that each make Bitcoin' market dominance decrease a little bit. The fact still is that Bitcoin is and will continue to be the most dominant cryptocurrency- as an example, most crypto payment processors only accept Bitcoin and perhaps one or two alts like Litecoin.
hero member
Activity: 854
Merit: 500
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July 26, 2018, 02:32:49 AM
#38
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.
The dominance was a very special, unfortunately, we cannot compare the previous because it has a different run.

The additional altcoins doesn't matter if we observe how bitcoin dominance work and its effects on all altcoins it does not affect even how many altcoins are now in the market as it push more the bigger crowd in addition to its dominance.
From this price, i will confirm we are in the bull run.
member
Activity: 1106
Merit: 11
Crypto in my Blood
July 26, 2018, 02:26:00 AM
#37
I suggest to be careful now because the ghost month is approaching. I'm happy with the current pump but I cannot set aside the possibility that it is just a bull trap. Always invest with caution. So far, the altcoins are now starting to dump but Bitcoin remains strong and keeps on rising.
If you don't mind, I am confused what you are talking. There is no ghost month, I think.  All the situation will depend on world circumstance and the user like us. Any time Bitcoin go up no one can say exact time but we can predict. However, we should follow the bull by following the rules.
sr. member
Activity: 882
Merit: 282
July 26, 2018, 02:23:04 AM
#36
I suggest to be careful now because the ghost month is approaching. I'm happy with the current pump but I cannot set aside the possibility that it is just a bull trap. Always invest with caution. So far, the altcoins are now starting to dump but Bitcoin remains strong and keeps on rising.

Yeah correct some people experience that ghost month last year are very worse scenario because of the segwit hardfork between bitcoin and bitcoin cash hoping this approaching month will be smooth for the bitcoin and cryptocurrency stability.
The harfork of bitcoin cash last year really affect bitcoin price and that is why we were able to see that positive price movement.  Bitcoin is going to makes the same movements this coming August again if the ETF is approve and we just need to buy now in other for us to be part of the next prices' revolution.
full member
Activity: 406
Merit: 121
July 26, 2018, 02:14:56 AM
#35
There are positive news of bitcoin in coming months specially SEC ETF, Bitcoin can gain 55 to 60% dominance during next month due to ETF hype. 
hero member
Activity: 952
Merit: 503
July 26, 2018, 01:50:13 AM
#34
I have no idea what kind of change there will be regarding dominance of coins but I hold some of valuable coins and I don't care about the dominance of btc at all  Smiley
You just cannot ignore the advancement in one technology that can outshine the coins you have invested in. Read about why NOKIA lagged behind in the technology race.

Bitcoin has already a great domination on the market and this might happen to continues because in the presence of so many crypto currencies in the market, non of them has so far been able to give a tough time to Bitcoin except ETH which is also far behind Bitcoin but it pace of growth is showing it is improving very quickly.
sr. member
Activity: 742
Merit: 255
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July 25, 2018, 09:09:51 AM
#33
Bitcoin is always dominating the other resources and some good projects are comes in future this will move to downward. But it is impossible in current traffic because already many industries are adopting the Bitcoin so this will move to forward. I think Bitcoin marketcap is beat the half of the total marketcap soon.
legendary
Activity: 1526
Merit: 1001
July 25, 2018, 09:05:14 AM
#32
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.
This is a condition that makes the market more heated. The rise in Bitcoin prices has left some people surprised and it has made the situation in the Trading World increasing. Trading transaction volume has been extraordinary compared to before. After a vacuum for several months, now the visible conditions can certainly continue to show a positive thing. Bitcoin is still a very attractive commodity compared to other coins.
full member
Activity: 2548
Merit: 217
July 25, 2018, 09:01:28 AM
#31
I suggest to be careful now because the ghost month is approaching. I'm happy with the current pump but I cannot set aside the possibility that it is just a bull trap. Always invest with caution. So far, the altcoins are now starting to dump but Bitcoin remains strong and keeps on rising.

Yeah correct some people experience that ghost month last year are very worse scenario because of the segwit hardfork between bitcoin and bitcoin cash hoping this approaching month will be smooth for the bitcoin and cryptocurrency stability.
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