Bitcoin Dominance - page 3. | Bitcointalksearch.org

cloud9

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Quote from: yohan09 on July 24, 2018, 10:58:27 AM

Quote from: PhoenixEmpire on July 24, 2018, 02:23:26 AM

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 isn't as useful anymore as the on chain fee's are too high therefore people are looking at alternatives to bitcoin. Thus value is flowing out of bitcoin into other currencies and this can be clearly seen in the lack of bitcoin dominance. User's want new features and they're going to other coins to get it. If current conditions persists, Then bitcoin will eventually be overtaken by another currency such as etherium and other valuable currency coming.

But still bitcoin is the most used cryptocurrency on a daily basis. You can see it being accepted in gambling sites, ecommerce, ico investments site almost everything that offer products and services accepts bitcoin so its impossible that it will be replaced by a lower currency.

Sanu Simon

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The price increase of bitcoin has made its dominance range stand above 47% which is expected to change with respect to the growth happening with the altcoins. Possibly this could reach 50%,if the price increase continue in the gradual manner without much variation on the price of tokens and altcoins.

martinholly167

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Quote from: adaseb on July 24, 2018, 03:06:59 AM

The dominance is important but the percentage is not really accurate since everyday there are tons of new coins listed on CMC.

Every coin that's listed will have an effect on Bitcoin dominance because it might be some small coin but might have a marketcap over $1 million easy and that will affect the ratio a little bit.

So 50% dominance today might of been similiar to 65% dominance about a year ago. Its not a very good measure.

Yes thats what im thinking about too, even when the market was very bearish before, the number of altcoin is still growing.
The crypto market cap is decreasing but it is even more spreaded.

dothebeats

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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'.

coinscircle

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Quote from: PhoenixEmpire on July 24, 2018, 02:23:26 AM

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.

You can see that market capitalization is being poured into bitcoin, although the price of bitcoin in the past few days has been steadily increasing but market capitalization has not increased sharply but the price of altocin is decreasing, which gives found that the increase in bitcoin prices was due to the capitalization of altcoin to bitcoin. So I think we should only invest in bitcoin at this time.

wantjokull

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Woha, 66% dominance? From where you collected that information. I guess according to the CMC information the BTC dominance is around 47% and to reach 66% is like another month I guess. The dominating nature is because of investments that are being made into BTC instead of ALTs due to the sudden hike in the BTC. People are now trying to get more BTC than ALT and I am 100% sure that people do not want to loose themselves from the game yet. Its vain to ask about the next bull run yet because we are already in the one and lets just enjoy it. Cheesy

parlament9

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OPEN GAMING PLATFORM

history won't repeat as last time - my opinion. Now the dominant of bitcoin will be unloaded and free bitcoins will begin to pour in altcoin why some coins will just shoot. This my assumption

JL421

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This might be a trap by McAfee, if you see his twitter he was hinting that bitcoin rise is coming i have a feeling he is behind this pump and wants people to join it so he can make more money for himself.
This might just be a theory but we have seen in past whales doing something like this to make profits for themselves

consideritdone

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Bitcoin has higher dominance if you only look at minable coins https://www.coingecko.com/en

Torrenth

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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.

yohan09

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Quote from: PhoenixEmpire on July 24, 2018, 02:23:26 AM

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 isn't as useful anymore as the on chain fee's are too high therefore people are looking at alternatives to bitcoin. Thus value is flowing out of bitcoin into other currencies and this can be clearly seen in the lack of bitcoin dominance. User's want new features and they're going to other coins to get it. If current conditions persists, Then bitcoin will eventually be overtaken by another currency such as etherium and other valuable currency coming.

demenBTC

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PRIVATE FEDERATED BLOCKCHAIN

there are still many people who doubt the btc increase that is now happening, trauma is the reason most traders, I personally still doubt this increase, I am more willing to invest in altcoin

Kemarit

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I'm not a fan of this whole bitcoin dominance and marketcaps because its not a good indication as the strength of the coins per se relative to its market position. There's a lot of alts that can easily to go the top 10 and claim to have the dominance, we've seen Bitcoin Cash, EOS, Ripple and even Ethereum try to dominate and get the number 1 position from Bitcoin but was never successful. As for the price, the ETF application is really pushing the price right now, as to where it is a bull run or not, we can't say, because we have to wait till the decision is handled down by the SEC in August. It might be a bull run leading up to the decision and then we will see where it will go.

Koro-Sensei

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Quote from: danherbias07 on July 24, 2018, 08:04:08 AM

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.

Skrillhabib007

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Bitcoin dominance is at its highest level since the beginning of 2018. According to data collected by CoinMarketCap, bitcoin’s total value is just shy of $130bn with the entire crypto market coming in at $276.9bn. This means that BTC currently constitutes 45.5% of cryptocurrency’s total market capitalization.

Aizhen05

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Quote from: danherbias07 on July 24, 2018, 08:04:08 AM

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 people here is thirsty with the increasing price of bitcoin, that's why there are many people are created an thread like this. The bitcoin price are increasing but we can't set a side the possibilty that it might be down again.

Tigorss

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Quote from: mobnepal on July 24, 2018, 06:37:56 AM

We can't exactly say whether current small pump is just a start of another bull run or a bull trap but we have to diversify our investment right now between altcoins, bitcoin and fiat. Don't just hold one coin and expect it to get pumped along with bitcoin if there will be a surge. Once bitcoin will start to pump many traders tend to sell their alts for bitcoin out of FOMO which cause dump in alts price and when bitcoin price start to go sideways alts will start to pump again.

But market might not react just like in past so be careful with your investment, its your hard earned money so don't get FOMO entry with it.

itcoin will probably dominate. This can be an easy target for cyber criminals because we know Bitcoin and digital currencies are very anonymous. This should be the highlight, not only that the number of bitcoin users will be a new problem in the world, especially in the world economy.

trumper

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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

BTCeminjas

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Bitcoin dominance is used to measure hiw much Bitcoin is worth as percebtage of all cryptocurrency values. Bitcoin is the gateway coin for a lot of investors, they buy BTC before purchasing coins, but also because of its high profile and low volatility ( which is something of a relative statement). Bitcoin dominance of the cryptocurrency market is at its lowest level ever to rising interent alternative digital coins.

danherbias07

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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.

Topic: Bitcoin Dominance - page 3. (Read 626 times)