Topic: Bitcoin dominance: bad thing or good thing? - page 2. (Read 349 times)
Bitcoin dominance is always good for the other altcoins because when the price of Bitcoin increases all other altcoins will also increase. So we always need Bitcoin to be Dominance currency in the market, from the beginning my trading Bitcoin is always a dominant currency.
Dominant how so? Price? Capability? Usage?
http://www.blocktivity.info/ shows us a different view of dominance compared with the typical market cap.
http://www.blocktivity.info/ shows us a different view of dominance compared with the typical market cap.
it is neither!
the dominance is what altcoin pumpers have been advertising to show their relevance in this world where in fact what they are reporting has nothing to do with "dominance" it is the total market capitalization which is being bloated each time a shitcoin with a huge supply gets pumped or a new shitcoin with a huge supply is created.
for example you can see Ripple which is worth only $0.85 but it has 20% of bitcoin's market cap (bitcoin that has $10,000 price)!!! this shows how dumb market cap and comparing it is.
the dominance is what altcoin pumpers have been advertising to show their relevance in this world where in fact what they are reporting has nothing to do with "dominance" it is the total market capitalization which is being bloated each time a shitcoin with a huge supply gets pumped or a new shitcoin with a huge supply is created.
for example you can see Ripple which is worth only $0.85 but it has 20% of bitcoin's market cap (bitcoin that has $10,000 price)!!! this shows how dumb market cap and comparing it is.
As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.
How we believe the Bitcoin price will continue to rise for the foreseeable future?
Bitcoin is the father of cryptocurrency so it will rule the crypto market. If you think Bitcoin is dominate the all other altcoins yes because other cryptocurrencies are alternative currency this only the most recommend and trusted cryptocurrency so all are investing in Bitcoin it will always raise continuously nothing to stop the Bitcoin growth. How we believe the Bitcoin price will continue to rise for the foreseeable future?
For now , i think it is the best situation for crypto market is to le the bitcoine be the dominant , because the team behind it have alot of experience , so the can handle every problem the crypto market face
As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.
How we believe the Bitcoin price will continue to rise for the foreseeable future?
How we believe the Bitcoin price will continue to rise for the foreseeable future?
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