Bitcoin Dominance and Bitcoin Meme - page 2.

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Quote from: Natalim on February 10, 2019, 02:02:52 AM

now even good altcoins looks like a shitty coin because BTC
can anytime strike them down if it has a significant movement.

No one should rate a currency based in its marker cap or percentage it shares in the general pool, ans bitcoin does not drag down all altcoins with it.
Market capitalization are just figures that can be easily blown up by few trades for new currencies.

Herbert2020

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Quote from: Natalim on February 10, 2019, 02:02:52 AM

I think it's much better if we go back below 40%, the higher the dominace of BTC the more the entire market looks gloomy.

since market capitalization is a meaningless characteristic, it doesn't matter if it is 99.999% or if it goes down to 40% or even 0.0001%
in the end that percentage which newbies falsely call "dominance" is not actually dominance. it only shows there is an inflation going in the altcoin world since it is super easy to create market cap with a click!!!

Quote

I'm actually missing the season where altcoins has a say in the market, now even good altcoins looks like a shitty coin because BTC
can anytime strike them down if it has a significant movement.

the altcoins don't look shitty be cause of bitcoin, they look shitty because they ARE shitty.

Natalim

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BTC to the MOON in 2019

I think it's much better if we go back below 40%, the higher the dominace of BTC the more the entire market looks gloomy.
I'm actually missing the season where altcoins has a say in the market, now even good altcoins looks like a shitty coin because BTC
can anytime strike them down if it has a significant movement.

NeuroticR

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Quote from: sunsilk on February 06, 2019, 10:00:00 PM

Quote from: NeuroticR on February 05, 2019, 03:27:33 PM

BTC is not far from reaching the max, less than 3.5 million BTC can ever be generated over the current supply.

But the demand will rise.

The more whales keep selling Bitcoin, the better it gets for an ideal spread. I expect to see a gradual rise phase, which should not be far.

Don't forget that we're also near to the next halving by 2020. There will be a gradual rise and I expect that it won't be same like what we've seen last 2017 but what matters most is that it will rise.

It may happen for the end of this year or after the 2020 halving.

And I think I have to share what I've seen lately.

Source: https://www.facebook.com/CryptoCrunchApp/

nice one!

Yeah, I think we can see a gradual rise before the halving, because people will be looking for an early entry point.

sunsilk

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Quote from: NeuroticR on February 05, 2019, 03:27:33 PM

BTC is not far from reaching the max, less than 3.5 million BTC can ever be generated over the current supply.

But the demand will rise.

The more whales keep selling Bitcoin, the better it gets for an ideal spread. I expect to see a gradual rise phase, which should not be far.

Don't forget that we're also near to the next halving by 2020. There will be a gradual rise and I expect that it won't be same like what we've seen last 2017 but what matters most is that it will rise.

It may happen for the end of this year or after the 2020 halving.

And I think I have to share what I've seen lately.

Source: https://www.facebook.com/CryptoCrunchApp/

crzy

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Quote from: NeuroticR on January 23, 2019, 10:54:50 AM

Yes. We stand together.

No matter how big the bear are, as long as we support bitcoin we will never be beaten by anyone. The bull will run fast to help the market survive, and its good to witness such uptrend before that will always happen in the future, bitcoin is the top choice!

NeuroticR

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BTC is not far from reaching the max, less than 3.5 million BTC can ever be generated over the current supply.

But the demand will rise.

The more whales keep selling Bitcoin, the better it gets for an ideal spread. I expect to see a gradual rise phase, which should not be far.

NeuroticR

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Yes. We stand together.

coinhunt

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Thoughts about Bitcoin dominance are likely to fade away. Altcoins and tokens designed for different purposes. They do not function like money or stores of value and are not intended, in most cases, to replace Bitcoin. Bitcoin will remain popular but it won't dominate forever.

franky1

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team87

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Maybe so far I have misinterpreted that altcoin is dependent on bitcoin? Huh

In general, is my presumption possible? Please correct.
Thank you to all seniors.

kamBlanV

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even though we experience a long red market, but the value of bitcoin this year is better than before, so, in my opinion, this is a good development. I do not sad with market condition today.

it is volatility, sometimes bitcoin always rises unlimited, and sometimes falls drastically, and sometimes it is stable.

teilwalL05

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I really don't think that there would be an Altcoin season and in the meme's that you had provided that think I am seeing that Altcoins are very hopeful for bitcoin's recovery because if the price would not return and have a pump the value of other Altcoins will be still the same of might as well fell down when the price of bitcoin also went down, they are very dependent to bitcoin and Altcoins need to support bitcoin so that their value could be carried by bitcoin up.

o_e_l_e_o

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Quote from: pooya87 on November 13, 2018, 10:59:14 PM

if you insist on using market capitalization for altcoins then we should at least use real circulating supply instead.

That would certainly be an improvement. Some of the other suggestions in this thread such as Metcalfe's law or unique addresses, while nice ideas, don't really work, as addresses != users. It would be very easy to simply set up a bot to create thousands of new wallets and addresses for my shitcoin and artificially pump its rankings. Similarly, I could just send millions of tokens back and forth between my own addresses to artificially pump its transaction value.

The most useful metric is real world use, but you can't put a number on that.

pooya87

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Quote from: o_e_l_e_o on November 13, 2018, 03:59:13 PM

Quote from: pooya87 on November 13, 2018, 12:06:21 AM

-snip-

I agree with you in principle, but the issue is that you can't easily put a number on characteristics such as "decentralization" and "utility". Marketcap is used because it is easy to calculate and easy to understand, Even although it is next to meaningless for the reasons I have outlined above.

Perhaps we could also make a category called "obvious shitcoins" and move all the coins like BCH, EOS, USDT, TRX, BTG, XVG, and a thousand other alts to that category. Would certainly help to de-clutter the frontpage of coinmarketcap.

the main problem is that we are using a characteristic that doesn't belong here! for a company it is meaningful because you use the number of shares which is completely real and reasonable and also in circulation. but for an altcoin we use its supply which is meaningless, fake and unreasonable and also most of the times not even in circulation.
if you insist on using market capitalization for altcoins then we should at least use real circulating supply instead. for that we can do things such as excluding premined coins. for example ETH market cap would drops 70% because of its premine.

XinXan

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As long as btc holds most of the fiat pairs, bitcoin will be the king. It's going to take a looong time for the other alt coins to get their fiat pairs. Sure Ethereum and the top 5-10 usually have but other than that, not too many. As long as people have to buy bitcoin to exchange it for other coins/tokens, bitcoin will still be dominant, that's really why Bitcoin moves the market. Of course when a new user/investor wants to buy a coin, he/she will probably buy bitcoin first and not ETH or LTC, etc.

th3nolo

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Quote from: o_e_l_e_o on November 12, 2018, 10:11:45 AM

-

It's a meaningless measure for most of the coins, I don't know why so many people care about this instead of looking to Metcalfe’s Law, NTV, Unique addresses, Transaction value, Mining cost... etc.

If any of you are interested in what I have said before, there's a masterpiece post of introduction in Medium

electronicash

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right now crypto are not categorized so if we should we might want to try to categorize like store value, platforms, utility and store value and maybe security and then rank them in a manner. that might be a whole lot of browsing to do so we can't just go to CMC and check the 100 of them in one page. investors however just want to see it in two category, shitcoins and bitcoin.

mohammedmattar

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I expect as the volume of money increases in the market
Bitcoin's dominance will decrease in favor of Altcoin
I am aware that this is a healthy market for attractive investors

meme Expressing the situation.

o_e_l_e_o

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Quote from: pooya87 on November 13, 2018, 12:06:21 AM

-snip-

I agree with you in principle, but the issue is that you can't easily put a number on characteristics such as "decentralization" and "utility". Marketcap is used because it is easy to calculate and easy to understand, Even although it is next to meaningless for the reasons I have outlined above.

Perhaps we could also make a category called "obvious shitcoins" and move all the coins like BCH, EOS, USDT, TRX, BTG, XVG, and a thousand other alts to that category. Would certainly help to de-clutter the frontpage of coinmarketcap.

Topic: Bitcoin Dominance and Bitcoin Meme - page 2. (Read 703 times)