Topic: Bitcoin dominance hits 43%, alts surging ahead - page 3. (Read 7929 times)

You seem a wee bit lost Joshapat

Do you recognize and appreciate that bitcoin has ONLY about less than 1% world-wide adoption, and there are likely close to $1 quadrillion in monetizable assets/currencies currently in the world, so bitcoin's market cap holds only a fraction of that value 1/2000.. but maybe even ONLY 1/20,000 if we consider that bitcoin likely contributes towards to the advancement of value creation.

Even if you seem to be suggesting that better quality of products are facilitated through free market competition, and I cannot really disagree with those kinds of ideas.. while at the same time, I don't see any reason to wish for bitcoin to be toppled by some shitcoin that supposedly is better than bitcoin or gives bitcoin a "run for its money," but it might be a good idea to continue build upon bitcoin and to facilitate its adoption because it does seem to bring a lot of justice and fairness into the debt-laden and perverted fiat systems world in which we currently are living that seems to have a lot of perverted and misguided incentives.

I think the dominance of Bitcoin that is too strong has a bad impact, the market is too dependent on Bitcoin so that many Altcoins will always follow the trends that occur, and I hope there is Altcoin that can defeat Bitcoin so that it makes the competition even better and certainly makes many developers optimistic.

It seems to me that if you base your decision to invest in bitcoin either mostly or completely based on what appears to be dominance.. then you likely don't understand very well regarding what is bitcoin and what you are investing in.

Maybe you are indirectly able to measure some of the various bitcoin network effects (like the ones outlined by Trace Mayer in 2015), based on dominance, but that still would not necessarily mean that you are understanding bitcoin.


You seem to be wrong about these beliefs that you have to consider your bitcoin exit point (or terms) in which you sell your bitcoin, which also shows that you likely do not sufficiently and/or adequately understand bitcoin in terms of it's creation of a whole new system that is still running parallel to fiat systems, but if you are pricing bitcoin in terms of fiat and trying to figure out when to get out of bitcoin, then even if you might end up doing well in terms of increasing your fiat, you are still likely a lost puppy in terms of your understanding bitcoin and likely how to profit from bitcoin in the long term.

Additionally, I am not even say9ing that you should not sell any bitcoin, but at the same time, there is likely no real rush to get out of it, but instead selling various amounts along the way as your BTC stash likely will ongoingly continue to increase in value compared to the dollar and other fiats.

If you want to better understand some of the ideas of the parallel system, and the reason why it is likely disadvantageously misleading to be valuing your wealth in fiat, then you might want to look into various works (and podcast interviews) by Jeff Booth.. and if you cannot find any specifically then I might be willing to send you a link to one or two.. but Booth has been on a lot of bitcoin podcasts in recent times, even though he is relatively new to bitcoin, perhaps even less than 4 years being in bitcoin.

It's not only about buying at the right time, but also having to sell at the right time too, because if you only buy at the right time without considering selling at the right time you won't get a more sizable profit. Except just being able to collect Bitcoins in the long term although that's also not a bad thing to do because storing Bitcoins and considering them as important assets is a pretty good thing too now. But if the consideration is for profit, then when selling it you also have to see the very right moment.

feel calm if you are a long term investors but it will change once you are an eager earner and only wanted easy money things that made millions a failure one .
because instead of waiting they wanted to get theirs in a sooner time in which brings them to nothing but losing .
Not bad comparing to the last post of yours and yes the dominace might drop big but the support stays intact and productive , no wonder we will take that dominance again next year .

The dominance of bitcoin is still strong and promising so that it makes us feel calm, the thing that makes almost all investors choose bitcoin is because of the large market cap and of course the profit potential, the best strategy for profit if we invest bitcoin is to always wait for the right time to buy.

I'm glad to see someone is paying attention to the trend  

Unfortunately most speculators assume that when Bitcoin rises altcoins always outperform, it as it was true in the 2017 & 2021 "full blown" bull markets. However many forget the "recovery" years such as 2019. This is when Bitcoin not only increased from $3.2K to $14K, but also it's market dominance increased by another 30%, after the initial 50% in 2018 bear market. This meant altcoins were continuing to fall lower...

Despite some outlying categories such as memecoins - that are quite simply dumb as f**k - outperforming Bitcoin, this year has seen Bitcoin's price increase from $16K to $31K, almost 100%, while it's market dominance has increased by around 15% so far. While I can understand investors speculating on altcoins for the longer-term using fiat currencies, it simply makes no sense when most will be cheaper against Bitcoin towards the end of the year or otherwise next year. Similar to how while many altcoins bottomed out (alongside Bitcoin) at the end of 2018, many (if not most) made new lows in 2019 against BTC.

These trends are becoming clearer in many of the larger altcoins right now, specifically of a consolidation in fiat prices forming bottoms, while at the same time continuing to make new lows against BTC. People said it in 2018 that it's best to buy Bitcoin and wait until 2019 before diversifying into altcoins, and it seems like 2022/2023 will be no different. Unfortunately, many fail to learn from history though.

Yes, it shows from CMC also Volume/Market cap (24h) 2.34%. BTC Dominance hasn't resulted in a significant drop, alt may drop even more. I think this Achievement underscores Bitcoin's resilience and strong investor confidence and makes it reasonable to prioritize Bitcoin as a stable and trusted asset.

Hi guys.. it have been a while since I updated this thread!

Latest stats from 30th May 2023.

Total market cap: $1,162,213,128,671 (+14.99%)

Bitcoin: $541,109,637,640 (46.559%)
Bitcoin forks: $3,143,137,738 (0.270%)
Stablecoins: $125,514,604,912 (10.800%)
Altcoins: $486,589,649,239 (41.868%)
Tethered BTC: $5,856,099,142 (0.504%)

This is the change compared to my last post:

Bitcoin: +6.357%
Bitcoin forks: -0.097%
Stablecoins: -3.883%
Altcoins: -2.139%
Tethered BTC: -0.238%

Latest stats from 21st August 2022.

Total market cap: $1,010,748,396,685 (+0.05%)

Bitcoin: $406,335,166,020 (40.201%)
Bitcoin forks: $3,715,648,626 (0.368%)
Stablecoins: $148,406,693,039 (14.683%)
Altcoins: $444,796,139,356 (44.007%)
Tethered BTC: $7,494,749,644 (0.742%)

This is the change compared to my last post:

Bitcoin: -1.347%
Bitcoin forks: -0.013%
Stablecoins: -0.056%
Altcoins: +1.416%
Tethered BTC: -0.001%

Latest stats from 25th July 2022.

Total market cap: $1,010,241,288,839 (+8.82%)

Bitcoin: $419,735,989,223 (41.548%)
Bitcoin forks: $3,846,233,616 (0.381%)
Stablecoins: $148,896,917,254 (14.739%)
Altcoins: $430,263,360,968 (42.590%)
Tethered BTC: $7,498,787,778 (0.742%)

This is the change compared to my last post:

Bitcoin: -1.248%
Bitcoin forks: +0.017%
Stablecoins: -1.468%
Altcoins: +2.762%
Tethered BTC: -0.063%

Latest stats from 11th July 2022.

Total market cap: $915,219,040,064 (+8.82%)

Bitcoin: $391,678,972,749 (42.796%)
Bitcoin forks: $3,326,658,360 (0.363%)
Stablecoins: $148,326,123,720 (16.207%)
Altcoins: $364,516,632,700 (39.828%)
Tethered BTC: $7,370,652,535 (0.805%)

This is the change compared to my last post:

Bitcoin: -0.410%
Bitcoin forks: -0.065%
Stablecoins: -1.671%
Altcoins: +2.186%
Tethered BTC: -0.040%

Latest stats from 18th June 2022. More than one-sixth of the cryptocurrency market cap is now comprised of stablecoins.

Total market cap: $841,060,315,142 (-33.58%)

Bitcoin: $363,392,159,536 (43.206%)
Bitcoin forks: $3,604,183,585 (0.429%)
Stablecoins: $150,360,382,777 (17.877%)
Altcoins: $316,596,774,823 (37.643%)
Tethered BTC: $7,106,814,421 (0.845%)

This is the change compared to my last post:

Bitcoin: -2.674%
Bitcoin forks: +0.030%
Stablecoins: +5.761%
Altcoins: -3.047%
Tethered BTC: -0.070%

Latest stats from 30th May 2022.

Total market cap: $1,266,317,188,636 (-17.21%)

Bitcoin: $580,991,533,432 (45.880%)
Bitcoin forks: $5,043,916,970 (0.398%)
Stablecoins: $153,438,839,340 (12.117%)
Altcoins: $515,262,523,831 (40.690%)
Tethered BTC: $11,580,375,063 (0.914%)

This is the change compared to my last post:

Bitcoin: +4.286%
Bitcoin forks: -0.036%
Stablecoins: +0.467%
Altcoins: -4.781%
Tethered BTC: +0.065%

Latest stats from 9th May 2022.

Total market cap: $1,529,503,690,961 (-18.88%)

Bitcoin: $636,185,610,634 (41.594%)
Bitcoin forks: $6,647,924,294 (0.435%)
Stablecoins: $178,190,778,736 (11.650%)
Altcoins: $695,485,024,550 (45.471%)
Tethered BTC: $12,994,352,747 (0.850%)

This is the change compared to my last post:

Bitcoin: +0.895%
Bitcoin forks: -0.039%
Stablecoins: +2.130%
Altcoins: -3.014%
Tethered BTC: +0.029%

Latest stats from 17th April 2022.

Total market cap: $1,885,396,842,334 (-12.29%)

Bitcoin: $767,334,462,618 (40.699%)
Bitcoin forks: $8,936,015,299 (0.474%)
Stablecoins: $179,502,067,224 (9.521%)
Altcoins: $914,146,564,994 (48.486%)
Tethered BTC: $15,477,732,199 (0.821%)

This is the change compared to my last post:

Bitcoin: -0.039%
Bitcoin forks: +0.015%
Stablecoins: +1.124%
Altcoins: -1.106%
Tethered BTC: +0.006%

Latest stats from 4th April 2022.

Total market cap: $2,149,572,871,087 (+17.66%)

Bitcoin: $875,689,425,107 (40.738%)
Bitcoin forks: $9,859,498,257 (0.459%)
Stablecoins: $180,497,208,762 (8.397%)
Altcoins: $1,066,002,315,509 (49.591%)
Tethered BTC: $17,524,423,452 (0.815%)

This is the change compared to my last post:

Bitcoin: -1.662%
Bitcoin forks: +0.035%
Stablecoins: -2.198%
Altcoins: +3.854%
Tethered BTC: -0.029%

Latest stats from 18th March 2022.

Total market cap: $1,826,870,405,518 (+6.04%)

Bitcoin: $774,592,655,483 (42.400%)
Bitcoin forks: $7,741,252,318 (0.424%)
Stablecoins: $193,551,157,396 (10.595%)
Altcoins: $835,569,058,745 (45.738%)
Tethered BTC: $15,416,281,576 (0.844%)

This is the change compared to my last post:

Bitcoin: +0.404%
Bitcoin forks: -0.044%
Stablecoins: +0.349%
Altcoins: -0.741%
Tethered BTC: +0.032%

Latest stats from 28th February 2022.

Total market cap: $1,722,758,415,369 (+4.04%)

Bitcoin: $723,482,473,837 (41.996%)
Bitcoin forks: $8,058,917,682 (0.468%)
Stablecoins: $176,509,710,179 (10.246%)
Altcoins: $800,720,758,895 (46.479%)
Tethered BTC: $13,986,554,776 (0.812%)

This is the change compared to my last post:

Bitcoin: -0.112%
Bitcoin forks: -0.001%
Stablecoins: +0.201%
Altcoins: -0.065%
Tethered BTC: -0.023%

Latest stats from 28th January 2022.

Total market cap: $1,655,921,664,041 (-21.20%)

Bitcoin: $697,269,277,082 (42.108%)
Bitcoin forks: $7,763,945,300 (0.469%)
Stablecoins: $166,331,701,177 (10.045%)
Altcoins: $770,726,134,983 (46.544%)
Tethered BTC: $13,830,605,499 (0.835%)

This is the change compared to my last post:

Bitcoin: -0.510%
Bitcoin forks: -0.215%
Stablecoins: +4.080%
Altcoins: -3.487%
Tethered BTC: +0.132%