Bitcoin dominance | Bitcointalksearch.org

jhonjhon

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Quote from: randythered on December 23, 2018, 01:23:50 PM

Quote from: WinslowIII on December 20, 2018, 05:40:33 PM

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation? Huh

https://coinmarketcap.com/charts/#dominance-percentage

It's going to go down more over time, it's inevitable. 1 coin vs 2000+. BTC will remain no 1 for a long time but it won't be able to sustain such dominance if only a few alts begin to have any real world usage.

I don't think so, though it seems to be inevitable for its dumping scenario but I've never think that bitcoin will loss it's potentiality. I believe Bitcoin will still in the dominance among cryptocurrencies existed, it's uniqueness will made this coin being on the top and very valuable in the market.

randythered

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Quote from: WinslowIII on December 20, 2018, 05:40:33 PM

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation? Huh

https://coinmarketcap.com/charts/#dominance-percentage

It's going to go down more over time, it's inevitable. 1 coin vs 2000+. BTC will remain no 1 for a long time but it won't be able to sustain such dominance if only a few alts begin to have any real world usage.

Epimetheus

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Quote from: liuqi on December 23, 2018, 09:30:26 AM

Quote from: boty on December 23, 2018, 02:26:01 AM

It has become very natural if bitcoin becomes dominant and becomes a benchmark for the price movements of all cryptocurrency that are under the auspices of bitcoin because bitcoin is the king of all cryptocurrency.

In crypto platform Bitcoin is guide the total cryptocurrency so no one is dominanting the Bitcoin. Because most of the time Bitcoin is dump others are follow the same way. So dominance is the depends on control the cryptocurrency. But Bitcoin is a trustable crypto so once loose the hope of Bitcoin others are down because panic sellers are always increase in crypto platform.

Yes this is true.Bitcoin is the topmost and the number one cryptocurrency in the market.Bitcoin has the largest number of users in the market.When the topic of cryptocurrencies rise it is bitcoin only that people talk about.Bitcoin is the money making machine and people take advantage of it.Bitcoin has made many people rich and even billionaires invest in it due to the profit margin it gives and that too in a short period of time.People have a lot of faith in bitcoin.

liuqi

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Quote from: boty on December 23, 2018, 02:26:01 AM

It has become very natural if bitcoin becomes dominant and becomes a benchmark for the price movements of all cryptocurrency that are under the auspices of bitcoin because bitcoin is the king of all cryptocurrency.

In crypto platform Bitcoin is guide the total cryptocurrency so no one is dominanting the Bitcoin. Because most of the time Bitcoin is dump others are follow the same way. So dominance is the depends on control the cryptocurrency. But Bitcoin is a trustable crypto so once loose the hope of Bitcoin others are down because panic sellers are always increase in crypto platform.

Harlot

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Bitcoin's market dominance decreasing is inevitable. The fact that Bitcoin has created a new industry means that a lot of other cryptocurrencies will enter the market and therefore take away bit by bit the market share of Bitcoin. We really don't need to worry that Bitcoin's market dominance is decreasing now as it is a good sign that the industry is booming as it has new and new ICOs coming even if it is a bear market season. And if you think it has a relation on Bitcoin's price decreasing I supposed there is as market dominance is a big factor for any asset's demand.

kryptqnick

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Quote from: WinslowIII on December 20, 2018, 05:40:33 PM

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation? Huh

https://coinmarketcap.com/charts/#dominance-percentage

I've investigated the market dominance once as well. I believe that as the market grows, bitcoin dominance naturally decreases. When the prices get higher, dominance gets lower, because people diversify their investments. It's good for the market. The lowest point at dominance was reached when many coins had their ATH. During the bearish market, some people sell their cryptos for fiat, while others are selling altcoins and transfering their funds to the crypto king. Thus, as the whole market suffers, bitcoin suffers a bit more and its dominance grows.

illyiller

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It all boils down to massive coin supplies. Even in the Top 10, there are ridiculously huge circulating supplies, in the billions. Ripple and Stellar are the most ridiculous, but there are lots of coin supplies that are heavily distorting any gauge of "dominance" between Bitcoin and altcoins.

Dominance might clue you in regarding whether it's the right season to trade altcoins, but it gives a really distorted view overall.

boty

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It has become very natural if bitcoin becomes dominant and becomes a benchmark for the price movements of all cryptocurrency that are under the auspices of bitcoin because bitcoin is the king of all cryptocurrency.

pooya87

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Quote from: WinslowIII on December 20, 2018, 05:40:33 PM

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation? Huh

it is not dominance and it has nothing to do with dominance. it is just coinmarketcap that started calling it dominance so everyone else is also calling it so without thinking!

what it is, is market cap ratio. and the only thing it shows is how many coins bitcoin has in circulation compared to how many coins do all the 2500 altcoins have (the total supply). and the only reason why this ratio went down in 2017 was because there was a big surge in creating new tokens out of thin air (i think it went from about 1000 altcoins to 2500, ~2000 of which are listed on CMC) with large amounts for supplies.

hatshepsut93

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Bitcoin's dominance is more than just a market share, Bitcoin is dominating as the most used cryptocurrency, it drives the prices of all other coins, it is the most trusted, the most well-known and the most advanced. Marketcap is like the least important thing on this list, so you shouldn't worried. Altcoin sellers want you to believe their story that Bitcoin is old and is going to be replaced, but it's just a lie they tell to sell their worthless coins and tokens that will never be actually used.

BlackPanda

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Quote from: WinslowIII on December 20, 2018, 05:40:33 PM

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation? Huh

https://coinmarketcap.com/charts/#dominance-percentage

Bitcoin has indeed dominated crypto price turnover, this is because Bitcoin already has a strong market so many people give confidence in Bitcoin compared to other coins. Bitcoin will still be the strongest and I think Bitcoin will be a pioneer in the digital financial system in the future.

dodgrad

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Quote from: WinslowIII on December 20, 2018, 05:40:33 PM

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation? Huh

https://coinmarketcap.com/charts/#dominance-percentage

As you wrote, with time, the dominance of Bitcoin over other cryptocurrencies is slowly decreasing. I think that this trend will continue until another coin will take the first place on the coinmarketcap list.

1Referee

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Quote from: BitHodler on December 22, 2018, 03:58:49 PM

It's mind boggling if you think about it, a centralized noob site has that so much influence.

Supply and demand I guess. They did the right thing at the exact right moment. First mover advantage is a big deal in the crypto space. If you also take into consideration that basically every crypto-tuber starts its video with a brief look at CMC to see what coins are doing, you know that it is being hardcore shilled.

The funniest thing is that every time Bitcoin is about to approach the 55% dominance range, CMC lists a couple of shitcoins to get that dominance to shrink again. Cheesy

BitHodler

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Quote from: Febo on December 22, 2018, 12:17:20 PM

Problem is that everything is now called a concurrency. coinmarketcap.com have lots to do with it. There should be clear borderline what are cryptocurencies. what are tokens what are databases what are securities, ....

Market cap sites are centralized entities pushing their own agenda, it's meaningless in the grand scheme of things. Too bad that a site as Coinmarketcap has a pretty high influence on the price.

I remember that they excluded South Korean exchanges from their average price index, which resulted in various altcoins to tank 20% in value on Coinmarketcap, which then even reflected on the spot prices as well due to panic selling.

It's mind boggling if you think about it, a centralized noob site has that so much influence. I have seen various sites weighing the top lists based on actual buy support, tech rating, etc. It's all nonsense in the end.

figmentofmyass

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Quote from: Febo on December 22, 2018, 12:17:20 PM

Problem is that everything is now called a concurrency. coinmarketcap.com have lots to do with it. There should be clear borderline what are cryptocurencies. what are tokens what are databases what are securities, ....

that's true. it's silly to lump ICO tokens in with cryptocurrencies because they're just securities built on top of cryptocurrencies. securities and cryptocurrencies are totally different.

someday, conventional securities (like apple or facebook stock) will be tokenized and traded on decentralized platforms too. it would be pointless to compare their market capitalizations to those of cryptocurrencies.

Febo

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Quote from: WinslowIII on December 20, 2018, 05:40:33 PM

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation? Huh

https://coinmarketcap.com/charts/#dominance-percentage

Problem is that everything is now called a concurrency. coinmarketcap.com have lots to do with it. There should be clear borderline what are cryptocurencies. what are tokens what are databases what are securities, ....

xuv500

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It's really good BTC is dominating the market, last year it was incredible and it was a hot topic across the world but it went down this year after continuous price fluctuations, however it happens in trading. Now the market is growing slowly let it continue atleast for few more days.

snipie

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Quote from: WinslowIII on December 20, 2018, 05:40:33 PM

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation? Huh

https://coinmarketcap.com/charts/#dominance-percentage

2017 was an exceptional year especially for altcoins. Many bounties-tokens/altcoins are launched, like bubbles, and people joined it in mass. Now in 2018, this phenomenon is less marked that's why the bitcoin dominance is increasing.

figmentofmyass

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Quote from: WinslowIII on December 20, 2018, 06:02:20 PM

I disagree on your pov, when you disclude the top 10 coins all others combined are about 19% of the total mkt cap. The other coins in the top 10 have gained hugely on bitcoin over the last 2 years, just wondering if this will continue.

the trend is your friend, until it ends. altcoins are obviously correlated to bitcoin. at some point, both BTC/USD and alt/BTC charts will enter long term bearish cycles.

the supplies of the top altcoins completely distort things too. some of the most obvious examples of low usage/high circulating supply are right in the top 10. plus tether:

Quote

40,762,365,544 XRP

19,149,690,859 XLM

1,856,421,736 USDT

kelz1

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It is hard to say because normally there is a few months of bitcoin dominance followed by a rally of altcoins. This 50% dominance is probably because all the altcoins have fallen and need a major correction

Topic: Bitcoin dominance (Read 334 times)