I am not sure when the next BTC run will start or if it will ever start again, but I see the current dropping market dominance as a positive sign.
Finally altcoins are getting more attention and the more BTC loses its dominance the less altcoins are dragged by BTC.
This is wonderful and that's why I believe more than ever, that 2018 (and maybe 2019) is the year of the altcoins.
Let's enjoy experiencing the slow but rising mass adoption.
Topic: Bitcoin dominance dropping hard - page 3. (Read 606 times)
Perhaps because market cap is nearly meaningless for cryptos. It’s an extrapolated number calculated from a relatively small number of trades to the entire circulating supply of a particular coin; it in no way reflects actual money invested or value.
I know, is there a way to see the actual money invested? Any calculations on that?p.s. it's now 36%
I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.
For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
I think it has been discussed here before. Bitcoin dominance is dropped not because investors are moving their money to other cryptocurrencies. Bitcoin have 90% of total cryptocurrency market cap last year but did you realize how much money is there on that time? and also look at Bitcoin market cap on that time and now. Cryptocurrencies are being famous because of the big profit that it can give compared to other investment that is why more people are coming in and more money are flowing not only in Bitcoin but also altcoins and I think that this is the reason why Bitcoin dominance dropped, there are also too many altcoins right now compared when Bitcoin had 90% shares on total crypto market cap, but Bitcoin will still be in the lead. For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.
Because its completely worthless. You can't compare bitcoin dominance like 2 years ago to today.
For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
But then it dropped to 38% today!
Yes. because all other altcoins are worthless. That's why you will hear others saying some altcoins are shitcoins. Only bitcoin is really dominating at that time. Investors are not getting into altcoin because they are not that important.
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
Even if it went down, it will be just temporary. And its also normal that they are shifting their funds to altcoin market. We have seen this before. As for me, I wouldn't worry that much. At least the money is still going around the crypto market.
Thanks for your replies. Could not find it with the search, maybe broken. But interesting thoughts. Except for the standard belieber replies.
Perhaps another coin will become the flagship soon?
For the big public, Bitcoin is still hard to understand. Why would an other coin convince them? For most people Crypto = Bitcoin. When bitcoin fail, the crypto will fall hard or die altogether. This exactly. Sure in the short term it has dropped, but look at the bigger picture. I remember when bitcoin was $30 lol. we have quite a ways to go.
Sorry, but this is the most annoying argument I hear all the time, results from the past are no guarantee for the future remember. There is no logic in believing things will always go up.
something cant dominance anytime i think , and for this period is altcoin time , just like XRB from 5k sat into 200k sat ++ rightnow ,
and bitcoin marketcap from that more than 9k Btc , and in the future will have another BTC period i guess
and bitcoin marketcap from that more than 9k Btc , and in the future will have another BTC period i guess
i think it is obvious nowadays because there are more and more new coins born everyday with better and more investors in them, so they are taking the dominance from bitcoin, but you should not be worry now, bitcoin is still at the highest time and still not falling down for now.
Perhaps because market cap is nearly meaningless for cryptos. It’s an extrapolated number calculated from a relatively small number of trades to the entire circulating supply of a particular coin; it in no way reflects actual money invested or value.
The rising price of the coin price is very reasonable and common, and the coin value in the long run is usually more likely to rise.
This is hardly discussed in here, if you do not find those threads, then it is your fault.
You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.
When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.
And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.
I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.For years bitcoin marketcap was around 90% it dropped to 40% in jun 2017 and 60%.But then it dropped to 38% today!
You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.
When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.
And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.
I agree, we do not need to see a dominant bitcoin, we need the crypto market to grow.
I know more and more well known companies are realizing the potential of blockchain technology and considering releasing their own coin.
It is sure that now bitcoin has changed from the original 90% market share dropped to 33%, this is the inevitable process, the development of digital currency to know, the original market only a few communities in the development of encryption currency, the new altcoin is of course more and more, but I think bitcoin dominance still exist no, bitcoin, other altcoin will have no value.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
Perhaps another coin will become the flagship soon? I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.
For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
Maybe that does not apply in the case of cryptocurrencies. If bitcoin falls down, there will be a big chance that another type of coin will boom and become the next star. Hopefully, I still rely on the limitations of bitcoin so don't lose the hype for it. For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.
I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.
Because only noobs talk about market cap and dominance.
For the rest, those numbers are meaningless.
For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
But then it dropped to 38% today!
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
38% out of 500 billions is more than 90% out of 50 billions.
Seems like math is not your strong point.
But when bitcoin will crash hard
Not going to happen...But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. Lips sealed
Yeah, nobody cares.Because the rest are altcoins. We've seen thousands of them dying.
Bitcoin dominance is dropping because many new coins are coming in the market. The more they come the more money drives into them from our bitcoin. This is redistribution of whole market and thus the dominance is decreased accordingly. But the one thing is clear here, market capitalisation for bitcoin stays as it is and there is no going down for that. Because people always prefer the bitcoin as primary currency of investment and thus it will not sink ever and the value will keep rising though we see decreased dominance.
It's totally a big loss those who are buying in high price, unless they never sell it today.
Even though bitcoin experiencing a huge dip, but still bitcoin dominate the numbers of investors. It could still have a chances that it will regains it dominance in the market.
Even though bitcoin experiencing a huge dip, but still bitcoin dominate the numbers of investors. It could still have a chances that it will regains it dominance in the market.
This is hardly discussed in here, if you do not find those threads, then it is your fault.
You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.
When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.
And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.
I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.For years bitcoin marketcap was around 90% it dropped to 40% in jun 2017 and 60%.But then it dropped to 38% today!
You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.
When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.
And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.
Thats also a very good sign of you are an altcoin investor. No coin is losing value and yet they are gaining momentum against BTC. If you want to make some meaningful amount, now is the time to look for promising platforms to invest in. For the first half of 2018, I can see that 100x returns will happen a lot more than usual.
The reason is quite simple. When there are more and more alt coins come into the market - miners and investors have more choices to pick. In this case, the dominance of Bitcoin is proportionally going down for sure. Despite it, the overall market cap for Bitcoin still in the positive direction, which is a healthy sign...
This is hardly discussed in here, if you do not find those threads, then it is your fault.
You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.
When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.
And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.
I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.For years bitcoin marketcap was around 90% it dropped to 40% in jun 2017 and 60%.But then it dropped to 38% today!
You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.
When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.
And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.
This exactly. Sure in the short term it has dropped, but look at the bigger picture. I remember when bitcoin was $30 lol. we have quite a ways to go.
I think it's tied to the price loss. Bitcoin is stalling while the other cryptos are growing, so it makes sense for people to park their money in alts only to buy into Bitcoin again once it starts showing signs of a strong bull run. Since the market cap stays the same, it should be quite safe to assume that people are simply going where the money is at, and it's not on Bitcoin at the moment.
I do believe it's going to recover, but it seems like an uphill battle at the moment. Fees are still high and there's still quite a large backlog of transactions. I hope the Lightning Network comes soon, and as advertised.
I do believe it's going to recover, but it seems like an uphill battle at the moment. Fees are still high and there's still quite a large backlog of transactions. I hope the Lightning Network comes soon, and as advertised.
Jump to: