Wait, did they have Bitcoin too?🤔
Topic: Bitcoin Dominance and Bitcoin Meme (Read 703 times)
This was how ancient Egyptians would write the word 'brain' on papyrus. They had some brains.
Wait, did they have Bitcoin too?🤔
Wait, did they have Bitcoin too?🤔
To me market capitalization is meaningless because bitcoin still maintain it dominance despite the presence of all the altcoin and bitcoin still have the highest market cap until now and bitcoin control everything that go on in the cryptocurrency market today.
Back in 2013, Bitcoin used to dominate over 95% of the crypto market capitalization. Bitcoin dominance has been prominent, quite stable and over 80% until mid 2017. Then things were changed and an Altcoin season took over. In the last couple of years, Bitcoin market share went down below 40% for three consecutive times, although it managed to get back up to over 50% again each time. Next couple of years will be very interesting and the trend will tell us whether Altcoins are NPC or not!
However, I have created this post to publicly discuss more on this topic and also to share interesting/funny/creative meme on Bitcoin. Everyone is welcome to participate in this discussion and meme sharing.
#Bitcoin #meme
However, I have created this post to publicly discuss more on this topic and also to share interesting/funny/creative meme on Bitcoin. Everyone is welcome to participate in this discussion and meme sharing.
#Bitcoin #meme
In 2013, there was only few coins in crypto market. So bitcoin dominated more than 90% of the market capitalization but now more than 2200+ coins/ tokens are in the crypto market. Few big big coins like ETH, XRP, BNB, BCH are dominating nearly 25% of the market capitalization. Now Bitcoin dominance is 50%+. This is clear that with the increase of new new coins, declined the dominance power of Bitcoin but still more than 50% dominance is really surprising.
We see that the downward trend in the bitcoin capitalization level continues. Therefore, interesting events await us ahead. It is possible that this may result in Bitcoin losing its price dominance over other types of cryptocurrencies. This is also indicated by the fact that even now many altcoins surpass bitcoin in many of their functional indicators. What will happen after that - a cryptocurrency market free from price domination or something else, it seems, we will soon see.
I doubt that. It may lose much of it's dominance but btc will still be the dominant coin in the crypto market. I think it's just accetable that alts grew in capitalization since crypto itself gained and is gaining popularity in general. That means the focus isn't too much on bitcoin now since people are looking at the other uses of crypto.
since you love memes so much i made you one from scratch to describe what you call "dominance" really looks like:
https://i.imgur.com/kfAZJ66.jpg
back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!
At first I wanted to rebel, but then I realized that you were right. Bravo. https://i.imgur.com/kfAZJ66.jpg
back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!
We see that the downward trend in the bitcoin capitalization level continues. Therefore, interesting events await us ahead. It is possible that this may result in Bitcoin losing its price dominance over other types of cryptocurrencies. This is also indicated by the fact that even now many altcoins surpass bitcoin in many of their functional indicators. What will happen after that - a cryptocurrency market free from price domination or something else, it seems, we will soon see.
We all know that everything start from bitcoin so the enthusiast must be concentrate from it.
I won't be surprise at all when by time, the trend continue to downtrending when there is getting no demand on it
So should we surrender ? As long as you believe, just keep hold it !
I won't be surprise at all when by time, the trend continue to downtrending when there is getting no demand on it
So should we surrender ? As long as you believe, just keep hold it !
its already given that everyone is concentrating on bitcoin but why you are saying that there is a possibility of the trend to go down ? and whats worst is that that demand for bitcoin will become zero ? how come when bitcoin is too useful ? no person on this earth will resist to use and forgot bitcoin . they can only forget other cryptos but bitcoin ? nah i dont think so . bitcoin is still dominating on the current year ( 2019 ) and the meme's are also growing along with it but that's not bad . meme's can help bitcoin to become more dominant .
here's a pretty interesting forecast on this matter.
Bitcoin Price Prediction 2019 - BTC Price to Touch $23500 in 2019
https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019
We will have a new ATH then this year. Bitcoin Price Prediction 2019 - BTC Price to Touch $23500 in 2019
https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019
Well, I don't underestimate the possibility of it happening because when bitcoin reached to $20,000, no one expect it would be that fast.
The history of bitcoin based on trend says, it's possible to achieve a good price even at a short period.
since you love memes so much i made you one from scratch to describe what you call "dominance" really looks like:
back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!
back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!
I think this is the best comparison and a true picture of Bitcoin's dominance over the altcoins over the years, over the years Bitcoin just gets better and better and about altcoins, they just come and go and never to return, these are ICO's based coin.
~
While I agree with you, I wouldn't call it meaningless though. I think people just take the marketcap statistic a lot less seriously, as it's definitely quite inaccurate. I think it's a decent statistic to use when ranking probably only the top 20 coins/tokens when determining which coins/tokens are more "valuable" in terms of market value.
While I agree with you, I wouldn't call it meaningless though. I think people just take the marketcap statistic a lot less seriously, as it's definitely quite inaccurate. I think it's a decent statistic to use when ranking probably only the top 20 coins/tokens when determining which coins/tokens are more "valuable" in terms of market value.
but it IS meaningless. specially when you are talking about value of a cryptocurrency and want to use it for ranking. value of a coin should not be determined by how much supply it has, no matter how high or low it is in some arbitrary ranking. what you should use is their utilities and a lot of other factors such as decentralization, number of nodes, number of transactions, number of merchants,...
and while we are at it we shouldn't even rank coins that are not even similar. we should categorize them and then rank them. for example centralized coins should not be in the same ranking as decentralized coins. or tokens (like ETH, Waves,...) should not be in the same category as currencies (bitcoin, litecoin, IOTA,...)
Good addition
But may be difficult to do
CMC provides simplified statistics based on one factor only, which is the number of the marketcap for each currency
The factors you mentioned are more accurate but they need to be effortlessly put into the equation.
This is funny but true. This is the reality almost 80% that they said or assume that they are bitcoiner but the truth is they are only categorized as a bitcoin meme that never know what are doing. Like in accident they are only perform hit and run. When they earn and got the return of investment they will leave the industry.
Really sad to know he reality but that's it, we are mostly a meme. 
I don't know if those people realize of what they doing and to know exactly that they are in the wrong path. They are wise and they'll never want to loss that causes them to leave when they gain money in crypto. They are the so-called selfish individuals, they are only having concerns with their self but not looking for what possibly be happen with the market.
This is funny but true. This is the reality almost 80% that they said or assume that they are bitcoiner but the truth is they are only categorized as a bitcoin meme that never know what are doing. Like in accident they are only perform hit and run. When they earn and got the return of investment they will leave the industry.
hehe i really love the selfmade shit meme 
For me all altcoins are unless since Bitcoin brings all what we need like this reasons :
- Exclusion of third parties
- Money(COINS) without debt money creation
- People without a bank account can participate in the monetary system
- Worldwide transactions ( with speed ) and lightning network
- Protection against excessive money creation (21 million BTC)
- Bitcoin brings a discourse about the monetary system with it
so no need for alts....
regards
For me all altcoins are unless since Bitcoin brings all what we need like this reasons :
- Exclusion of third parties
- Money(COINS) without debt money creation
- People without a bank account can participate in the monetary system
- Worldwide transactions ( with speed ) and lightning network
- Protection against excessive money creation (21 million BTC)
- Bitcoin brings a discourse about the monetary system with it
so no need for alts....
regards
I completely agree with you except the idea that we don't need alts at all. I believe that we also need alts as much as we need Bitcoin. Because to have a kingdom where Bitcoin is the king, it needs soldiers to face the front-line in the battlefield where many of them (alts) die (sadly).
It's a meme-ish comment, lol, but makes sense, doesn't it?
Bitcoin needs competition and some support in this early stage to maximize overall crypto market capitalization, to increase transaction and fluidity. If you think about fiat that we use to buy all other products or do business with, you can also consider Bitcoin like a fiat of the crypto market where it is used to buy other products, which are Alts in this case. These Alts are in fact helping Bitcoin by not only making it a gold standard but also increasing its acceptance, trust and usage in the market, at least to some extent. However, this system and influence of Alts also have certain major negative impacts on crypto and Bitcoin.
In an ideal crypto world where most people use crypto in daily life like we use fiat now, other Alts are unnecessary, but we have not reached there yet.
hehe i really love the selfmade shit meme
For me all altcoins are unless since Bitcoin brings all what we need like this reasons :
- Exclusion of third parties
- Money(COINS) without debt money creation
- People without a bank account can participate in the monetary system
- Worldwide transactions ( with speed ) and lightning network
- Protection against excessive money creation (21 million BTC)
- Bitcoin brings a discourse about the monetary system with it
so no need for alts....
regards
For me all altcoins are unless since Bitcoin brings all what we need like this reasons :
- Exclusion of third parties
- Money(COINS) without debt money creation
- People without a bank account can participate in the monetary system
- Worldwide transactions ( with speed ) and lightning network
- Protection against excessive money creation (21 million BTC)
- Bitcoin brings a discourse about the monetary system with it
so no need for alts....
regards
We all know that everything start from bitcoin so the enthusiast must be concentrate from it.
I won't be surprise at all when by time, the trend continue to downtrending when there is getting no demand on it
So should we surrender ? As long as you believe, just keep hold it !
I won't be surprise at all when by time, the trend continue to downtrending when there is getting no demand on it
So should we surrender ? As long as you believe, just keep hold it !
Yes. We stand together.
The meme is hilarious but true. Bitcoin holders will not be broken apart and our trust is never been lessen even the value is down. The big bear really represent how hard to deal with them. Even altcoin season is up today, bitcoin's popularity never lessen and i guess people are likely to have bitcoin as an investment after all.
We are seeing BTC have nearly 52 to 55% dominance in the whole crypto market but while taking these figure about cryptomarket we also have to keep watch on marketcap of cryptocurrencies.
the whole point is that you should not look at market cap of cryptocurrencies because it not only means nothing but also it is meaningless when one is higher than another.
for example you can create a new coin by copying the code of some other coin, from bitcoin to any other one. then change their supply to 100 trillion. then after releasing it, you sell 0.01 of your coin on an exchange for $1. now your market cap is 10000 trillion dollars.
do you see how fake it is?
Yes. Exactly. I think beyond this as its still in testing phase, yet this technology has the maximum possibility to change all economy and financial structure which is completely different from traditional ways.
But is all in just in experiment mode what about actual statistics of debt of the world. It never can be calculated if cryptocurrencies introduced as per my acknowledgment. Still, it will be a more transparent and secure thing that can be used for making trades for the upcoming future of business.
We are seeing BTC have nearly 52 to 55% dominance in the whole crypto market but while taking these figure about cryptomarket we also have to keep watch on marketcap of cryptocurrencies.
the whole point is that you should not look at market cap of cryptocurrencies because it not only means nothing but also it is meaningless when one is higher than another.
for example you can create a new coin by copying the code of some other coin, from bitcoin to any other one. then change their supply to 100 trillion. then after releasing it, you sell 0.01 of your coin on an exchange for $1. now your market cap is 10000 trillion dollars.
do you see how fake it is?
Back in 2013, Bitcoin used to dominate over 95% of the crypto market capitalization. Bitcoin dominance has been prominent, quite stable and over 80% until mid 2017. Then things were changed and an Altcoin season took over. In the last couple of years, Bitcoin market share went down below 40% for three consecutive times, although it managed to get back up to over 50% again each time. Next couple of years will be very interesting and the trend will tell us whether Altcoins are NPC or not!
However, I have created this post to publicly discuss more on this topic and also to share interesting/funny/creative meme on Bitcoin. Everyone is welcome to participate in this discussion and meme sharing.
#Bitcoin #meme
However, I have created this post to publicly discuss more on this topic and also to share interesting/funny/creative meme on Bitcoin. Everyone is welcome to participate in this discussion and meme sharing.
#Bitcoin #meme
since you love memes so much i made you one from scratch to describe what you call "dominance" really looks like:
back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!
back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!
I agree with Both of Meme. But here we have to understand how things are takings places accordingly. Bitcoin was higher dominance at the initial stage, but as many new tech persons find issues with Bitcoin so they went with another coin offering more better experience while transacting. And her the game begins.
We are seeing BTC have nearly 52 to 55% dominance in the whole crypto market but while taking these figure about cryptomarket we also have to keep watch on marketcap of cryptocurrencies.
I totally agree with Brewmaster. Dominance statistics that came from coinmarketcap is fake. It's full of crappy coins with billions and billions of supplies. We can't deny that no matter what the statistics say, Bitcoin is still dominant in all aspect as altcoins still rely on it.
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