Topic: Bitcoin dominance hits 43%, alts surging ahead - page 18. (Read 7941 times)

Bitcoin dominance was about 85%+ from 2013 to early 2017, I expect it to go back to that point. GD near every altcoin is nothing but a bunch of future promise that will never deliver. The only thing I can count on right now is the greatest idea, invention and investment of my and our lifetimes - bitcoin. Let it ride.

It is conceivable that bitcoin dominance goes well beyond 70% which will well drain the altcoin market further down. It is going to get worse if someone more institutional investors join the cryptomarket

Primary alt boom will be from a cherry picked group of the best of the best. None of the top 5 probably. Imagine a few sub $500 million coins reach parity with BTC's 200b, that's the scenario in play.

Other alts may push but underperform.

Continued BTC dominance is very dystopian and will lead into neo feudalism.

The big alt gainers may be security tokens, migratred fortune 500's where most value is already extant and built up over decades prior in the old world, where the added value extraction comes from blockchain integration. There may also be AI black swan integrations.

ETA 0-24 months for security tokens, more than 24 months for AI tokens.

Actually I dont agree because the laws of capitalism are suspended until we get a resolution on the wider question of sovereign debts.    Most obviously situations like Greece where people who are not born yet are born into repaying debt to German banks made under falsified conditions and lots of bad debt like the central Japanese bank having many multiples of the nations GDP owing and unrepayable without confiscation and so on.    In a democratic free country, these situations dont float it will change in ways not expected.

Why that matters for crypto is we have a rising tide that lifts all boats, even the bcash or whatever crypto you might despise.   Many people despise BTC itself and think it would never survive a 'long winter' of hard currency, monetary contraction and high interest rates.   This is maybe beyond the memory of many but only a few decades back it was normal for parts of the economy to die off from an inability to justify vs hard money conditions.   We havent had this for a long time so many things thrive that shouldn't, things we like and things that are basically weeds.   The nature of capitalism is that even failure is productive for societal benefit overall but we lack this and zombie debt and many things continue until that day arrives, I think it surely will as its basically a force akin to gravity.

From what I remember of alt coins doing so well in 2017, BTC was forcing interest to express elsewhere from fear of the forks and possible double spending, other questions and then fees.    I dont find I have any problem with fees lately, not unless its needing immediate clearance.  BTC needs to keep improving but its not leaning over like the tower of pisa quite so precariously now, hence its a much harder time for alts.

Bitcoin cash is a shitcoin led by a shithead, it's days are numbered before the ol' crypto graveyard gobbles it up.

Did the ICO ever require ETH to operate.   If they never needed it, I guess it was inevitable a reversal of that accumulation would occur.
ETH is still changing its protocol but slowly, its possible it will still be something new in its dynamic.


I dont quite get how a stable coin is either bearish or bullish, isnt it a fixed ratio.   Anyhow Libra as the biggest stable coin to ever exist is the competition I guess, it will wipe out of the other uses at least short term . So if I had to pick one of the two, I guess its easily a negative outlook for a stable coin.    I prefer Libra also as it proposes to use a variety of currency to balance not just one, that might actually be interesting as an influence.


I figure BTC dominance might relate to the gold/silver ratio which some see a value gauge for prices there.   BTC might also have its own specific measure in relation to mining and difficulty perhaps.

For Ethereum, the daily trade volume is still quite high, and therefore your argument that the ICOs continue to dump their ETH holds some merit. Also, the exchange rate went down from 0.02 BTC to 0.0179 BTC in just a couple of days, and the trends indicate that ETH can even go below 0.01 BTC. Also, it may go below the $200 per coin level.

What about bitcoin cash then?  I know its an altcoin but do you guys like seeing it drop down as well?


For altcoin holders, this is obviously bad.  But what about those of you who hold both btc and altcoins?  Let say you own 50/50 in terms of usd value at the moment.  Do you like this or not?  Obviously the more btc percentage you hold compared to alts, this is good.

Its the second largest market cap coin and its actually a great coin however it has issues like most coins. I think the reason why the price is struggling to rally is due to ICOs dumping their coins (if they still have them) and its miners who are dumping their coins to pay for their overpriced 1080TI rigs that they bought in 2018.

One issue with ETH at the moment is due to the devs and they always delay and postpone they work. They have been promising POS since 2016 and still haven't delivered. Same with that ProgPOW switch which they meantioned a few months back, they still haven't provided an update whether they will go live with it or not.

Its problems like this why the price is struggling and the ratio keeps dropping lower and lower and at this rate, I wouldn't be surprised if we hit 0.01 ETHBTC within the next few months.

My question is how the fuck can an ethereum gas token be worth over $200? Like, who the fuck is buying at that price when it's only use case (scam icos) are no longer a use case?

My thoughts the same but I really don't know when this inevitable thing will happen, as I doubt it will come soon, even in years term. I see people clinging to the worst shitcoins out there, I saw coins getting hit by a 51% and people are still trading and the coin is still in the top 20, and do you know that bitconnect network is still running and there are 143 nodes?

A lot of coins need to be purged but it seems just like I the real world where companies that never made a profit, are bad in everything they do keep on running for years till they collapse in the crypto world it might take decades.

A clean-up is needed but with bitcoin recovering from 4k to 12k and dragging them back up, the inevitable was delayed yet again.

Oh, and:
Probably +/-  0.01% 

Time and again alts blew my expectations into the weeds. I kept thinking 'how can this utter junk keep going?' and then it doubled again.

The only things in terms of this market we can depend on are greed and stupidity in the face of it. That means at some point an alt explosion is inevitable. I guess most people care about which alts and that's the unpredictable element.

The pumps may be less sustained and less generalised. It's one of the things I'm most curious about. I don't think it'll resemble 2017.

There is no guarantee that there will be a market reversal for altcoins.

Too many people found themselves burned when they crashed more than Bitcoin, and it's clear they were overhyped so much that generally speaking few people have confidence they have any real-world uses. There's also a feedback loop, 'why buy when others aren't buying?', all the marketing, 'partnerships' mean nothing as everyone knows it's all a scam. It won't be easy to get a repeat of the 2017 altcoin/token bull market. BTC dominance on CMC is 69.9% now, it's likely to go back to >80% levels unseen since early 2017.

I don't see it good for now and it's not yet party time for the holders yet, because bitcoin and alts right now decline after successive rise lately. The market showed significant growth for the past few days but it seems thaf weren't able to become more accurate with the increase. Fluctuating trend always unpredictable and crucial as price continued to be volatile.

Not surprising yet people now is putting their interest to Bitcoin which causes for its dominance rating to hit up that high but eventually there would be a

market reversal or lets say there would be a day on when alts boom once again.We have seen this things for how many times but for now,confidence of people majorly on bitcoin itself.

In just four days since I made this post, the Bitcoin dominance increased by another 1.7%, to end up at 69.5%. The altcoins are not just losing their value against Bitcoin. They are losing value against the US Dollar as well. In just one and half months, the price of Ethereum has fallen from $325 per coin to just $210 per coin. During the same period, Litecoin went from $140 to $85 per coin.

It's party time for the Bitcoin holders!!!

Checked the recent data from coinmarketcap, and this is what I got:

Total crypto market cap: $305,934,615,009

Bitcoin: $206,705,878,586 (67.660%)
Bitcoin forks: $9,413,859,758 (3.081%)
Stablecoins: $4,902,283,349 (1.605%)
Altcoins: $84,485,146,893 (27.654%)

The interesting thing to note here is that the market share of the Bitcoin forks (such as Bitcoin Cash and Bitcoin SV) have grown, while that of the altcoins went down by close to 10%. Overall, the market cap of the stable coins have also risen.

Could be in for a long wait though.

There's nothing much alt related on the horizon. Bitcoin is warming up for its halving and there are ever more institutional grade options for it that are ignoring alts.

Their day will come but it might not arrive with a vengeance until most people have been pushed further into gloom than they ever thought possible.

Alts are great to buy. Once bitcoin goes vertical and it is hard to buy, people start buying alts and you can make a good profit dumping them. So the lag is great.

Yes i see this all the time and i can't understand why there is no strong enough alt to compete with btc, anyway the total market cap of cryptocurrencies is so low comparting to the worldwide money

we need btc at 20k$ but with also all the other coins as much as up as possible, because a 1 bln$ top market cap it is not in the interes of us