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Topic: BITCOIN DOMINANCE, HOW FAR WILL IT BE? - page 5. (Read 614 times)

hero member
Activity: 728
Merit: 503
dApps Development Automation Platform
August 11, 2018, 06:56:16 AM
#4
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?
I think the domination of bitcoin will constantly increased as long as the popularity of bitcoin still dominant too. But, since the ETF also important in bitcoin, when ETF gets approved, im also wondering maybe its going to be 75% or more bitcoin dominance in market capitalization.
full member
Activity: 616
Merit: 100
August 11, 2018, 04:19:38 AM
#3
In 2018 the market price for cryptocurrency will decline until the end of the year, and some predictors say that in 2019 bitcoin can reach $ 20,000 and even $ 64,000, that's very good news and must happen!
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
August 11, 2018, 04:06:29 AM
#2
it goes up and down like that because it is not bitcoin dominance.

and as long as there are altcoins with 100 million, to 100 billion coins in circulation among the calculations of "dominance" it will remain a useless characteristics to look at.
jr. member
Activity: 92
Merit: 1
August 11, 2018, 03:35:21 AM
#1
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?
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