Bitcoin price started rising slowly again after experiencing a correction a few days ago falling below the price of $ 19,000.
With the current increase in the price of Bitcoin, making Bitcoin dominance also increased to 62.6%. If Bitcoin dominance
goes up it will make the altcoins go down, because many are moving altcoins into Bitcoin. Based on my analysis it is possible
that in two weeks Bitcoin could go up to a price of $ 20,000.
Topic: Bitcoin dominance hits 43%, alts surging ahead - page 10. (Read 7941 times)
7th December 2020:
Total market cap: $572,207,897,072 (+11.33%)
Bitcoin: $358,016,677,805 (62.568%)
Bitcoin forks: $9,074,436,764 (1.586%)
Stablecoins: $24,295,123,672 (4.079%)
Altcoins: $180,821,658,831 (31.768%)
This is the change compared to my last post:
Bitcoin: -0.044%
Bitcoin forks: -0.113%
Stablecoins: -0.282%
Altcoins: +0.439%
Total market cap: $572,207,897,072 (+11.33%)
Bitcoin: $358,016,677,805 (62.568%)
Bitcoin forks: $9,074,436,764 (1.586%)
Stablecoins: $24,295,123,672 (4.079%)
Altcoins: $180,821,658,831 (31.768%)
This is the change compared to my last post:
Bitcoin: -0.044%
Bitcoin forks: -0.113%
Stablecoins: -0.282%
Altcoins: +0.439%
As of 26th November 2020:
Total market cap: $513,959,058,731 (+12.53%)
Bitcoin: $321,798,016,048 (62.612%)
Bitcoin forks: $8,732,802,837 (1.699%)
Stablecoins: $23,269,931,501 (4.361%)
Altcoins: $160,158,308,345 (31.329%)
This is the change compared to my last post:
Bitcoin: -2.404%
Bitcoin forks: +0.013%
Stablecoins: -0.285%
Altcoins: +2.677%
Total market cap: $513,959,058,731 (+12.53%)
Bitcoin: $321,798,016,048 (62.612%)
Bitcoin forks: $8,732,802,837 (1.699%)
Stablecoins: $23,269,931,501 (4.361%)
Altcoins: $160,158,308,345 (31.329%)
This is the change compared to my last post:
Bitcoin: -2.404%
Bitcoin forks: +0.013%
Stablecoins: -0.285%
Altcoins: +2.677%
Yep! It was way below 50% most times, and then when it was below 40 the Flippening talk happened (remember that ETH 1.0?) but that never lasted long. It's always been Bitcoin first, and last, just odd times every now and then when hype pushes some of the crap to the top for a while and we forget how bad it smells:P
A lot of inaccuracies in your post. The "Flippening" talk emerged during mid-2017, when BTC was considerably weakened by the BCH hard fork. At that time, there was only around 2% difference in the market dominance for both BTC and ETH (If I remember correctly, 35% and 33% respectively). But a few months later, BCH weakened and this enabled BTC to stabilize at around 40% level. At this point the rally started, which took Bitcoin to ATH level of $20,000.
Unfortunately that's unlikely to be seen, unless we will see some crazy bull run like the last, 2017 to be specific. AFAIR, bitcoin dominance that time was below 40%, and when it rises slowly while altcoins have significant dumps, bitcoin stays at over 50% already, and now at 60%+.
Yep! It was way below 50% most times, and then when it was below 40 the Flippening talk happened (remember that ETH 1.0?) but that never lasted long. It's always been Bitcoin first, and last, just odd times every now and then when hype pushes some of the crap to the top for a while and we forget how bad it smells:P
This thread is already more than a year old, but the dominance hasn't change Dominance:BTC 61.6% it goes down a small percentage but I expect this to go up when it hit another all time high, it could go up as high 70% or even higher now that Bitcoin is all set to go to the moon.
I am not sure. So many new coins have come to the market during the last 12-24 months and many of them are in the top-10 and top-20 lists. Examples are Chainlink, Polkadot and Wrapped Bitcoin. And when new coins enter the market, they will obviously poach in to the existing market cap of other coins. So I would naturally expect the Bitcoin dominance to go down.
Unfortunately that's unlikely to be seen, unless we will see some crazy bull run like the last, 2017 to be specific. AFAIR, bitcoin dominance that time was below 40%, and when it rises slowly while altcoins have significant dumps, bitcoin stays at over 50% already, and now at 60%+.
This thread is already more than a year old, but the dominance hasn't change Dominance:BTC 61.6% it goes down a small percentage but I expect this to go up when it hit another all time high, it could go up as high 70% or even higher now that Bitcoin is all set to go to the moon.
I am not sure. So many new coins have come to the market during the last 12-24 months and many of them are in the top-10 and top-20 lists. Examples are Chainlink, Polkadot and Wrapped Bitcoin. And when new coins enter the market, they will obviously poach in to the existing market cap of other coins. So I would naturally expect the Bitcoin dominance to go down.
This thread is already more than a year old, but the dominance hasn't change Dominance:BTC 61.6% it goes down a small percentage but I expect this to go up when it hit another all time high, it could go up as high 70% or even higher now that Bitcoin is all set to go to the moon.
As of 26th November 2020:
Total market cap: $513,959,058,731 (+12.53%)
Bitcoin: $321,798,016,048 (62.612%)
Bitcoin forks: $8,732,802,837 (1.699%)
Stablecoins: $23,269,931,501 (4.361%)
Altcoins: $160,158,308,345 (31.329%)
This is the change compared to my last post:
Bitcoin: -2.404%
Bitcoin forks: +0.013%
Stablecoins: -0.285%
Altcoins: +2.677%
Total market cap: $513,959,058,731 (+12.53%)
Bitcoin: $321,798,016,048 (62.612%)
Bitcoin forks: $8,732,802,837 (1.699%)
Stablecoins: $23,269,931,501 (4.361%)
Altcoins: $160,158,308,345 (31.329%)
This is the change compared to my last post:
Bitcoin: -2.404%
Bitcoin forks: +0.013%
Stablecoins: -0.285%
Altcoins: +2.677%
As of 16th November 2020:
Total market cap: $456,729,511,960 (+18.01%)
Bitcoin: $296,945,865,759 (65.016%)
Bitcoin forks: $7,702,124,359 (1.686%)
Stablecoins: $22,156,216,470 (4.646%)
Altcoins: $129,925,305,372 (28.652%)
This is the change compared to my last post:
Bitcoin: +3.873%
Bitcoin forks: -0.442%
Stablecoins: -0.337%
Altcoins: -3.093%
Total market cap: $456,729,511,960 (+18.01%)
Bitcoin: $296,945,865,759 (65.016%)
Bitcoin forks: $7,702,124,359 (1.686%)
Stablecoins: $22,156,216,470 (4.646%)
Altcoins: $129,925,305,372 (28.652%)
This is the change compared to my last post:
Bitcoin: +3.873%
Bitcoin forks: -0.442%
Stablecoins: -0.337%
Altcoins: -3.093%
Altcoins are very behind now, especially Bitcoin dominance has reached 65%,
but the good news is that 65% is resistance, if it fails to break and does not exceed 67%,
then altcoins will certainly be pumped again, maybe recovery.
but the good news is that 65% is resistance, if it fails to break and does not exceed 67%,
then altcoins will certainly be pumped again, maybe recovery.
There's no altcoin run yet, bitcoin dominant rate is too high, the last time there was a bull run, bitcoin dominant rate dropped to 30% level and I don't see it happening now as there's plenty of shitcoins in the market, so people are losing interest investing on altcoins, and if ever bitcoin will create a new ATH, I think there's a possible run of altcoins but not the majority, dominant rate of BTC will still stay at over 50%, that's for sure.
now the dominance of Btc is at 65%, in my opinion this is a very high number,
but some altcoins have no impact, such as Ethereum, Waves and Litecoin are still very strong,
somehow these altcoins are not affected by Btc domination that creeps up even though all altcoins have decreased by 100 %.
but some altcoins have no impact, such as Ethereum, Waves and Litecoin are still very strong,
somehow these altcoins are not affected by Btc domination that creeps up even though all altcoins have decreased by 100 %.
It is indeed high, when we compare with the numbers we had on 17th December 2017, when the ATH level was achieved. Back then, this was the market share of various cryptocurrencies:
Bitcoin: 55.47%
Ethereum: 11.6%
XRP: 4.81%
BCH: 5.3%
LTC: 2.9%
Also, it is very interesting to analyze the Bitcoin dominance in 2017. Until March 2017, it was stable, at around 83%. By June, it reached 37% (due to the BCH fork) and then slowly started increasing again. Breached the 60% level in December, before falling steeply to 33% by January 2018. Back then the market share was extremely volatile, unlike the situation now.
I think the same, if Bitcoin is increasing, in the same way the alts will fall in price unless the bitcoin confirms the bullish trend, in that case both ETH and any alt will go up. In the ETHBTC pair the behavior in general is very similar to that of BTCUSD, it is logical, they will always follow the path of the Bitcoin King. The fluctuations that can be seen unlike the BTCUSD is particularly when the changes of strong movements in Bitcoin occur.
So is it time to buy buy buy? eth
Daily ETHBTC chart is still a blood bath, no technical signs of reversal yet. I would stay away from ETH until there is a more clear bottom. There is still too much panic from people trying to buy back into BTC right now.
The last major ETHBTC top coincided with the BTCUSD selloff (and bottoming out) in the $9Ks in early September. We might see the opposite next time around, with a major BTCUSD top coinciding with an ETHBTC bottom.
So is it time to buy buy buy? eth
eth got to 1200/20000 = 6% of btc I rounded but that is close
eth is now 460/16700 = 2.75% of btc I rounded but close.
so if 4% is true not 2.75% or 6%
we should be 4% x 16700 = 668 usd for eth
or 460/.04 = 11500 usd for btc
eth got to 1200/20000 = 6% of btc I rounded but that is close
eth is now 460/16700 = 2.75% of btc I rounded but close.
so if 4% is true not 2.75% or 6%
we should be 4% x 16700 = 668 usd for eth
or 460/.04 = 11500 usd for btc
now that bitcoin price is becoming more stable again inside the $16k range we may start seeing the traders go back to shitcoin market and start pumping the altcoins for a little while which means that dominance thing will change again but at the end of the day it still means nothing since the same shitcoins that got pumped will get dumped again as soon as bitcoin starts rising and breaking $17k level.
now the dominance of Btc is at 65%, in my opinion this is a very high number,
but some altcoins have no impact, such as Ethereum, Waves and Litecoin are still very strong,
somehow these altcoins are not affected by Btc domination that creeps up even though all altcoins have decreased by 100 %.
but some altcoins have no impact, such as Ethereum, Waves and Litecoin are still very strong,
somehow these altcoins are not affected by Btc domination that creeps up even though all altcoins have decreased by 100 %.
Bitcoin shows everyone else again time after time that the true value of crypto lies not in all the hype circles of altcoins of ICOs and STOs and IEOs and DeFI,,, but in actual coins with actual utility.
Of course, we will continue to find other uses and other things. You know people will keep on coming up with them. But you cannot go wrong with faith in the one true coin;)
Of course, we will continue to find other uses and other things. You know people will keep on coming up with them. But you cannot go wrong with faith in the one true coin;)
Coins with real life usage have increased their market share. Look at USDT (Tether). It is having an actual use, as in countries such as China traders are using it to exchange other coins to fiat. Tether is now the third largest cryptocurrency in terms of market cap. It's market cap increased from $4 billion to $18 billion during the last 12 months. And during the same period, the market cap of USDC increased from $214 million to $2.8 billion.
On the other hand, shitcoins have seen their market cap go down. XRP market cap is down by 10%. BSV shitcoin has seen its market cap plummet from $5.2 billion to $2.9 billion. The TRX shitcoin has lost one-third of its market capitalization during the last two months.
Bitcoin shows everyone else again time after time that the true value of crypto lies not in all the hype circles of altcoins of ICOs and STOs and IEOs and DeFI,,, but in actual coins with actual utility.
Of course, we will continue to find other uses and other things. You know people will keep on coming up with them. But you cannot go wrong with faith in the one true coin;)
Of course, we will continue to find other uses and other things. You know people will keep on coming up with them. But you cannot go wrong with faith in the one true coin;)
Exactly, if we are to invest for long term, we should put a big portion of our money to bitcoin as it's the king of crypto, if it dies, everything will follow. It's okay to invest with altcoins also, but always prioritize bitcoin in our investment portfolio.
Now, we are once again back to the bullish market, slowly, hype is building until we reach a new ATH, and after that, it will be massive run which we might think would no stop, that's what FOMO does.
Bitcoin shows everyone else again time after time that the true value of crypto lies not in all the hype circles of altcoins of ICOs and STOs and IEOs and DeFI,,, but in actual coins with actual utility.
Of course, we will continue to find other uses and other things. You know people will keep on coming up with them. But you cannot go wrong with faith in the one true coin;)
Of course, we will continue to find other uses and other things. You know people will keep on coming up with them. But you cannot go wrong with faith in the one true coin;)
As of 16th November 2020:
Total market cap: $456,729,511,960 (+18.01%)
Bitcoin: $296,945,865,759 (65.016%)
Bitcoin forks: $7,702,124,359 (1.686%)
Stablecoins: $22,156,216,470 (4.646%)
Altcoins: $129,925,305,372 (28.652%)
This is the change compared to my last post:
Bitcoin: +3.873%
Bitcoin forks: -0.442%
Stablecoins: -0.337%
Altcoins: -3.093%
I am not the OP. I can do the regular update, if the thread ownership is transferred to me.
Total market cap: $456,729,511,960 (+18.01%)
Bitcoin: $296,945,865,759 (65.016%)
Bitcoin forks: $7,702,124,359 (1.686%)
Stablecoins: $22,156,216,470 (4.646%)
Altcoins: $129,925,305,372 (28.652%)
This is the change compared to my last post:
Bitcoin: +3.873%
Bitcoin forks: -0.442%
Stablecoins: -0.337%
Altcoins: -3.093%
As of 22nd October 2020:
Total market cap: $387,029,947,213 (+10.85%)
Bitcoin: $236,640,215,802 (61.143%)
Bitcoin forks: $8,239,336,509 (2.129%)
Stablecoins: $20,268,519,372 (4.983%)
Altcoins: $121,881,875,530 (31.745%)
This is the change compared to my last post:
Bitcoin: +3.393%
Bitcoin forks: -0.061%
Stablecoins: -0.391%
Altcoins: -2.940%
Total market cap: $387,029,947,213 (+10.85%)
Bitcoin: $236,640,215,802 (61.143%)
Bitcoin forks: $8,239,336,509 (2.129%)
Stablecoins: $20,268,519,372 (4.983%)
Altcoins: $121,881,875,530 (31.745%)
This is the change compared to my last post:
Bitcoin: +3.393%
Bitcoin forks: -0.061%
Stablecoins: -0.391%
Altcoins: -2.940%
OP seemed to be doing a great job updating us with the figures necessary, but I have one suggestion, maybe the thread title will be edited according to the timely BTC dominant rate. Like 50+% or 60+% (rounded off) if OP can't update it regularly.
I am not the OP. I can do the regular update, if the thread ownership is transferred to me.
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