Topic: Bitcoin dominance hits 43%, alts surging ahead - page 11. (Read 7929 times)

Looking forward at that bull run you are talking, it could be real or just a bull trap, regardless, it's not new to the market, bitcoin remains unpredictable and I even like it as I can milk some money with its volatility. 

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.

well this post created long time before now so things has already changed,alts now are striking High specially Defi based coins in which dominating the market (Except from RANKed 1-6)
so in means we are looking fair in terms of Altcoins and Bitcoin movement.
there will be a good Bullrun this coming months because we already meet $13,000 value today.

Anyone thinks it hits higher?  I saw it went higher but now alts are coming back.

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%

Well.. the altcoin market cap has gone up during the last 2-3 months, but the most noticeable increase has been for the stablecoins. Take the case of Tether. It increased it's market cap by almost 4x since the beginning of this year (from $4 billion to $16 billion). The increase in altcoin market cap partly comes from the listing of new coins, such as Polkadot and Crypto.com Coin.

that's good news if the dominance of Bitcoin goes down, it's likely that altcoins will also go up,
compare with the dominance of bitcoin when it goes down in 2018, altcoins go up high,
and altcoin season occurs, if the dominance drops to 30% I'm sure altcoin season v2 will come

The market share of stablecoins have now shot past the 5% level and by the end of this year I expect it to be around 10%. Is this sustainable? Tens of billions of USD worth of market capitalization created out of thin air (and more than half of that held by the Tether foundation). The next major scandal in the cryptocurrency market would be the failure of one of these stablecoins.

Total market cap: $349,136,990,486 (-0.15%)

Bitcoin: $201,626,854,355 (57.750%)
Bitcoin forks: $7,646,560,473 (2.190%)
Stablecoins: $19,380,144,057 (5.374%)
Altcoins: $120,483,431,601 (34.685%)

This is the change compared to my last post:

Bitcoin: +0.912%
Bitcoin forks: -0.032%
Stablecoins: +0.376%
Altcoins: -1.256%

September 15, 2020.

Entry of new coins such as Polkadot is disturbing the equilibrium, and at the same time the market cap of Stablecoins continue to rise.

Total market cap: $349,646,467,839 (+6.42%)

Bitcoin: $198,730,984,178 (56.838%)
Bitcoin forks: $7,768,722,149 (2.222%)
Stablecoins: $17,976,664,215 (4.999%)
Altcoins: $125,170,097,297 (35.942%)

This is the change compared to my last post:

Bitcoin: -0.905%
Bitcoin forks: -0.064%
Stablecoins: -0.036%
Altcoins: 1.005%

OK.. here are the latest stats, after a very long interval..

Total market cap: $328,539,469,372 (+20.87%)

Bitcoin: $189,707,833,945 (57.743%)
Bitcoin forks: $7,508,477,333 (2.285%)
Stablecoins: $16,882,517,913 (5.035%)
Altcoins: $114,440,640,181 (34.937%)

This is the change compared to my last post:

Bitcoin: -4.445%
Bitcoin forks: -0.522%
Stablecoins: +1.104%
Altcoins: +3.862%

That could be a fair theory, Febo - even though I would hesitate in playing around with shitcoins with any meaningful amount of my money.. besides gambling allocated funds. 


Sure, history could repeat itself.. but even that rhyme might not be with a sufficient amount of precision in order to avoid getting screwed... so protect thy selfie by only using gambling funds when dealing with various shitcoins.... even if you believe that you have "insider" information that may or may not play out.

You mean after Next Bitcoin season. Bitcoin was at 35% dominance in January 2018. So a month after its ATH. Then its dominance doubled over next year and a half until September 2019. If history tells us anything best time to buy Bitcoin with crypto is a month after ATH and then hold it for at least a year.

i would add one important fact as well, and that is that ETH also reached and overcome 10%, after a while, BTC was just above 30% when altcoins peaked at the start of 2018, and was on 80% before that, i followed and think that BTC did not reached 70% since ATH, so this can be seen as long wave down, so i expect that BTC will be below 30% during next altcoin season, if we see altcoin season after all

always consult numbers and do your own research prior to investment, informed decisions could bring you good profits

In fact, Bitcoin's dominance in the cryptocurrency market has almost doubled since 2018. We have never seen such indicators from altcoins and they will not be. At the same time, it should be borne in mind that it is Bitcoin that is most trusted, and it is Bitcoin that receives more attention from investors. And if you cite as an example altcoins such as Ripple, with which there are a lot of scandals, then in the future they can greatly undermine the reputation of all altcoins. Maybe I'm wrong, but in any case, I see Bitcoin as a long-term investment, and altcoin for a shorter period.

As per my rough calculation, there are some 10,000 altcoins and tokens in existence. Out of them more than 50% can be considered as "dead", as they are no longer actively traded or mined. And regarding the remaining 5,000 or so, very few of them have any real life use other than for speculative investment. I would put the number of altcoins with real life use at somewhere between 100 and 500. Examples are Ethereum (smart contracts), Tether (stablecoin), Monero (anonymous payments) and TRON (filesharing).

The remaining 95% to 99% are as you said, a waste of time and money.

Ultimately the bitcoin dominance metric, as measured by coinmarket cap, remains more for entertainment purposes and perhaps for shitcoin pumper hopiums regarding their various shitcoins.

Shitcoins and stable coins and whatever other crap could be put into such coinmarket cap measurements, and we could see bitcoin dominance go down to less than 10%, and it would likely be a BIG so fucking what?  unless there is some kind of meaningful analysis behind what is going on and whether the measures have any kind of meaning - especially one of the most valuable measures of sound money and maybe if there are some real world value being stored and moved around securely through any shitcoin as compared with bitcoin.

For example, even having tether in the coinmarket cap is quite misleading, and surely tether provides liquidity to various coins, but you are not really going to become rich investing in tether when it is pegged to the dollar.. but hey, I don't have too much against tether  - and surely they are an attacked project.. but they still are currently adding value to the space by providing various avenues for bitcoin (and shitcoin) investors to hold and move value around when other options might be less feasible than tether.... and they seem to be another coin that probably should not be measured against bitcoin in order to figure out the extent to which bitcoin may be "dominant" or not.

Yes, many altcoins are struggling to survive and for many of ttem that will end up bad, only few will make it at the end. Time just proves the true strenght of Bitcoin and no matter the negative price changes, which are normal, Bitcoin will remain dominant coin. Majority of altcoins are just the waist of time and money.

I don't understand how a dropping Bitcoin dominance can be beneficial for the cryptocurrency sector. What we need right now is a consolidation. As I have posted before, there are too many altcoins and tokens in circulation, and the market as of now looks over-saturated. There is simply no space for 10,000 or so altcoins in the market. The proliference of the shitcoins have had a negative impact on the prospects of technologically advanced coins, such as Cardano and NEO.

It's expected because we already call it a crypto market now, meaning, not only for bitcoin but for altcoins as well, in fact, I do believe that bitcoin will not rise this high without the support of the altcoins market as they are also inviting people to invest through their ICO/IEO platform, but unfortunately, the rate of scam is very high for altcoins so they don't have a consistently growth based on their performance.

Hopefully this year will be a year for altcoins, if bitcoin will at least drop its dominance to 50%, I think a lot of good things will happen with altcoins on that as a result.

Altcoins has a way to go from here and surely it will continue to rise and only thing is that we require some very good altcoins which has a good future too and does not just come for short time , scam the people or turn out to be a dump coin. The market is very huge in this space and crypto will continue to boom.