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Topic: BITCOIN DOMINANCE, HOW FAR WILL IT BE? - page 3. (Read 614 times)

hero member
Activity: 3052
Merit: 606
August 16, 2018, 04:59:43 PM
#41
I suppose that the Bitcoin Dominance can grow a little more if ETF gets approved but I don’t think it can go further than 65%, even I think that 60% of bitcoin dominance is a lot, we need to wait and see what happens when the time comes, Bitcoin will grow continuously but also altcoins will do it.
Yes.I see bitcoins and altcoins will grow hand in hand.But bitcoin dominance will continue to increase if all investors will not stop investing in bitcoin.As days and months passes by,i'm sure bitcoin will be more popular and will gain more dominance from other crypto coins.
newbie
Activity: 196
Merit: 0
August 16, 2018, 04:58:06 PM
#40
I personally think that bitcoin dominance will keep going. In previous year it was 50.72% and now it is 50.77%. If it keeps increasing in this way, Bitcoin may reach to 70% or more dominance.
newbie
Activity: 224
Merit: 0
August 16, 2018, 04:54:45 PM
#39
I think that it can last for long time. BTC is much more popular these days and investors prefer BTC that altcoins because of its big and rich history.
newbie
Activity: 58
Merit: 0
August 16, 2018, 04:51:32 PM
#38
I suppose that the Bitcoin Dominance can grow a little more if ETF gets approved but I don’t think it can go further than 65%, even I think that 60% of bitcoin dominance is a lot, we need to wait and see what happens when the time comes, Bitcoin will grow continuously but also altcoins will do it.
newbie
Activity: 112
Merit: 0
August 16, 2018, 04:36:56 PM
#37
Currently bitcoin is at 50% dominance. I think it will keep increasing. Some researchers say that in a few years it will touch 60% or more than that.
newbie
Activity: 252
Merit: 0
August 16, 2018, 05:19:26 AM
#36
Many crypto available in this era and still the quantity of different crypto increasing rapidly but BTC still hold it’s popularity because of it’s sustainability.
newbie
Activity: 71
Merit: 0
August 15, 2018, 07:24:43 PM
#35
Admittedly, the Bitcoin dominance index is not very reliable. It is a purely quantitative metric and one that doesn’t accurately depict a market that is obsessed with novelty.
hero member
Activity: 1330
Merit: 569
August 15, 2018, 02:06:36 AM
#34
This got me wondering, anytime there is a fall in market capitalization, we have an increasing bitcoin dominance, current sits at over 50 percent, what will happen if the ETF gets approved, are we going to have bitcoin draining the entire market,since the ETF is primarily a bitcoin thing at the moment, Is it going to be say 75 % bitcoin dominance for a market cap of 1 Trillion dollars? What do you think? Good or bad for the market?

Why are you wondering and perturbed about what you cannot do anything about. The dominance of bitcoin in nonnegotiable at this time and I don't see any alt coin coming to take the stage anytime soon. The reason as have it is because of the change bitcoin has bring into the crypto community. The issue of KYC is gradually sanitising things (although this has its disadvantage) which is attracting more confidence on an increasing level. For ETF, I won't put much confidence in it because you are sure its going turn out positive. If it does, then its an addition to achieving the full potential that bitcoin is set to do.

Maybe later in the future, we might get to see other coins taking the centre stage but for now, we need to do with what we have.
brand new
Activity: 0
Merit: 0
August 15, 2018, 12:50:39 AM
#33
The price level will fluctuate. And even in times like this, the coin has the majority of the dominance. Let's hope the ETF gets approved soon to avoid any further damage.
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
August 15, 2018, 01:12:29 AM
#33
The ETF will raise the dominance and price of bitcoin but  savvy investors will know that bigger gains can be found in altcoins instead. When you can buy x amount of e.g. NEO with a bitcoin, money will shift to alts.
newbie
Activity: 49
Merit: 0
August 15, 2018, 01:09:54 AM
#32
75% Huh  That would kill the alts.. Although its good for btc seems.. But not good overall.. It'll kill the market .  Don't think the crypto market will go well if it happens
newbie
Activity: 243
Merit: 0
August 15, 2018, 01:04:19 AM
#31
The dominance doesn't really indicate something specific as we have seen Bitcoin dominance to increase during both bullish trend and now, the bearish trend. But, if ETF gets approved, their will be a huge chance for not only the dominance to increase even more but also it might cause the price of BTC to go higher.
newbie
Activity: 27
Merit: 0
August 15, 2018, 12:39:19 AM
#30
The dominance of bitcoins wold have been much higher and would have been quicker had it not been for the news regarding ETF. But the chances are high that it will have three quarters of the dominance if ETF gets approved.
brand new
Activity: 0
Merit: 0
August 14, 2018, 12:34:12 PM
#30
Even though we claim this coin to be the best one and believe that it is the ruling one, it will not be able to dominate the market as long as there are other altcoins present.
newbie
Activity: 31
Merit: 0
August 14, 2018, 12:35:25 PM
#29
ETF approval looks like far from being possible right now but since everything is unpredictable and recently, SEC is also giving out mixed signals, there might be a chance for it to happen if everything goes the right way and this will definitely cause Bitcoin dominance to grow since a lot of people will get interested to invest in Bitcoin due to the publicity.
newbie
Activity: 31
Merit: 0
August 14, 2018, 12:25:56 PM
#28
This would be good for the market. If the dominance of Bitcoin rises higher, the price of Bitcoin will also increase. We also know that the price of altcoins are indirectly related to the price of Bitcoin. So, this is a good news for the entire market.
newbie
Activity: 224
Merit: 0
August 14, 2018, 10:30:42 AM
#27
As we can see, if the ETF gets approval, it will be a boom effect in the BTC price market as BTC will get full ETF hype. The dominance of 50% will surely grow to upper 70% and will impact directly in the price market leading BTC in the moon.
newbie
Activity: 112
Merit: 0
August 14, 2018, 09:16:10 AM
#26
It is impossible to predict right now about the ETF approval as we still don't know how the community would react to it. After the Winklevoss' ETF rejection a lot of the investors might have lost their hope on the next hearings of VanEck or CBOE ETF propositions. So, only time will tell how these will affect the Bitcoin dominance further into the market.
newbie
Activity: 219
Merit: 0
August 14, 2018, 08:47:41 AM
#25
This is a good news. With each passing day, the dominance of Bitcoin will rise more in the market. Now, Bitcoin alone holds almost half of the total cryptocurrency market capitalisation. When ETF will get approved by SEC, I think the dominance of Bitcoin will rise more.
newbie
Activity: 252
Merit: 0
August 14, 2018, 08:34:38 AM
#24
BTC market value is down now but it’s dominance still increasing and it’s almost more than 50%` In future it will be increase more.
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