Topic: Bitcoin dominance hits 43%, alts surging ahead - page 20. (Read 7931 times)

That depends on the coin that you own. You can't generalize the altcoins. There are promising coins among them, such as ETH, ADA, XLM and XMR. But at the same time, 95% or more of these alts are worthless copycats. So everything will depend on your portfolio composition. If you are so confident about their growth, then there is no need to listen to the others. I wish you all the very best with your holdings.

Already answered here:


We are now at 66.6%, and less than 1/10th of a percent away from the psychologically important two-thirds level. Altcoin market cap has dipped well below the 30% mark, and many of the established alts are below their major support levels. ETH is currently trading at 0.021 BTC, well below the support level of 0.025. Ripple has dipped below the 3,000 Sat level. Litecoin is currently trading at 0.0084 BTC, well below the support level of 0.01.

Even below that point, I don't recall the number correctly though but I've seen about 30% (correct me if I'm wrong) but at that day altcoins always soaring, even new project that looks really useless in practical use still being pumped, everything is hyped up until it reaches to the point where it just falls of to the cliff.

It was 32% during January 2018, during the fee war and the eth second pump
https://coinmarketcap.com/charts/#dominance-percentage

Does anyone know the lowest point where bitcoin dominance was?  I recall at one point it was like at 37% at the lowest?

According to the Coinmarketcap website, Bitcoin dominance has breached the 60% level and is now reported at 60.1%. Including the forked coins (BCH, BSV, BTG.etc), the total market cap for BTC+forks comes to slightly above 64%, while the altcoin market share has dipped below the 36% mark.

I am sure that a lot of users may be unhappy about this, but I am delighted as more than 90% of my crypto assets are in the form of BTC. I had sold most of my alt holdings in 2018.

I am not very sure about the reasons behind the rising BTC dominance. But I suspect that the users have become more matured now, and a lot of them have realized that investing in shitcoins is simply not worth all the risk.

Here is my outlook for the major cryptocurrencies:

1. BTC: The prices will continue to increase and a new ATH may be reached by the end of 2019 or by 2020. The dominance will continue to increase and may reach 70% by the end of this year. But one concern I have is regarding the transaction fee. It has risen by more than 10x since the start of the year. Another 10x increase would be catastrophic.

2. ETH: The exchange rates are still lagging behind the ATH. The poor health of the ICO market is probably pulling ETH down. The Cryptopia hack also played its part.

3. XRP: I would say that this one is the most worthless and unreliable altcoins among the top 10. Therefore I am not surprised by its falling market share.

4. BCH: Holding well as of now. In case the BTC transaction fee spikes again (like what we had during 2017 Dec), then this coin can rocket upwards.

5. LTC: One of the best performing alts. However I won't be surprised if a correction occurs post block reward halving.

6. EOS: I don't know much about this coin.

7. BNB: I would consider this coin as overpriced. A correction is due.

8. BSV: A lot will depend on the future actions of CSW. Very unpredictable coin.

9. USDT: Everything was going well for Tether until the scandal at Bitfinex was revealed to the public. Now a lot of the users don't consider this coin as a reliable stablecoin. In the near future it will be facing a lot of competition from the other stablecoins.

10. TRX: An overpriced shitcoin. I don't have anything good to say about this one.

You can't generalize the altcoins. There are promising coins among them, such as ETH, ADA, XLM and XMR. But at the same time, 95% or more of these alts are worthless copycats. So everything will depend on your portfolio composition. If you are so confident about their growth, then there is no need to listen to the others. I wish you all the very best with your holdings.

70% of my portfolios consists of alts. It's stupied but I believe in their growth..

1. BTC: Funded EVERY SINGLE ALT-COIN and ICO.

Continues to be undervalued as the shitcoiners and scammers use bitcoin for a digital reserve currency. As long as bitcoin is the scammers choice for reserve currency, the no-coiners will avoid this "crypto" space we all claim to want to see growth in.

2. ETH: Is going to fork soon. With a POW and POS version of ETH...or something... PoS is new and untested on a blockchain that has other security issues (good luck). They have also started claiming ETH is digital money, which it was never launched under that pretense at all.

3. XRP: Shitcoin

4. BCH: Bounced back from 5% of their all time high to be at a whopping 10% of the All time high!! Not bad for a coin nobody has found a use for yet and never will.   This project could have issues after their bitcoin runs out and stops funding the development of bcash.

5. LTC: What does this coin do again? It takes peoples bitcoin and pays the developers to call it "bitcoins silver" and not really do anything. Good job Litecoin!!

6. EOS: Lord help us

7. BNB: they are at least liquid from charging fees for shitcoin trading....So it's a good shitcoin to trade if you like shitcoins and trading them.

8. BSV: Bitcoin Suckers Version deserves as much respect as they show the bitcoin community....zero

9. USDT: Stablecoins are under the microscope of regulators and central bankers that dont want competition.

10. TRX: LOL GTFO -- Seriously this is in top 10?!? What is wrong with people?!?!

the influence of bitcoin on electronic money is huge.

Altcoin Season, yes or no?

We will find out relatively soon. This is the (blue trend) line where this decision will be made. If altcoin dominance bounces here on the blue trendline or it goes down.

Does anyone know the lowest point where bitcoin dominance was?  I recall at one point it was like at 37% at the lowest?

That's sad and it doesn't show a healthy market.
I was expecting to see an increasing in the market price when bitcoin was rising. Altcoins are not following the same direction that bitcoin does and this is not normal. When Bitcoin price had an upward trend , altoins had to move on the same direction and with similar volumes as BTC.

That's sad and it doesn't show a healthy market.
I was expecting to see an increasing in the market price when bitcoin was rising. Altcoins are not following the same direction that bitcoin does and this is not normal. When Bitcoin price had an upward trend , altoins had to move on the same direction and with similar volumes as BTC.