BITCOIN DOMINANCE, HOW FAR WILL IT BE?

coinplus

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Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

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?

There is literally not a single chance that bitcoin will be 75% in dominance, it is insane to think its even possible. For that to happen all the altcoins needs to drop insanely while the price of bitcoin goes high double or triple of it is right now. When bitcoin goes up really high people realize the money to be make on altcoins and they move on to smaller coins which causes the dominance to drop, hence if bitcoin goes up insanely high once again just like December than there will be coins that will follow bitcoin. Remember nano/iota/dash or so ?

cLook at their prices now. They will once again increase like crazy if bitcoin goes up, not because they are tied but because people see bitcoin increased too much and they missed out so they want to not miss this time and get in early on altcoins.

btcmaster999

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Though the market price for Bitcoin goes up and down that because it is not bitcoin dominance.And as long as the 100 million currency, the domination of the execution will have its useless characteristics with 100 billion coins.

EveningGull

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Prior to the introduction of Ethereum , there was more than 90% of Bitcoin's market. But Bitcoin is definitely able to come back. The ICO bubble is finally bursting and crypto people will be more careful about their investment and investment strategy.

Patriode

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As long as Bitcoin is popular, Bitcoin will continue to dominate and it is still dominant. However, when ETF is also important in Bitcoin, when ETF is approved, it also thinks that the market capitalization of 75% or more Bitcoin will be dominated.

BabyBoar

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i think bitcoin already dominate the crypto market. the ups and down price is not a matter. just wait till end of the year. hope then you will get your answer.

SwampRose

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ETF decision is the main factor .After this decision i believe bitcoin will come back on it's position. it just matter of time.

Rooster101

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Currently the dominance of bitcoin is more than 50% according to coinmarketcap and it will still possible to go up more if majority of the altcoins are still down. The dominace of bitcoin tend to decrease if the price of the altcoins go up but it still hold the majority of market shares. The ETF might also increase further the hold of bitcoin once it is approved.

IslandLady

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As per bitcoin get popular day by day i think the dominance of bitcoin will be increased soon.i think after this year we saw the result.

EveningRock

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I assume that the dominance of bitcoin will constantly rise and its popularity also increasing. I also think it will reach 75% when EFT is approve. I think more bitcoin dominant in future.

BitcoinMaster555

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if bitcoin get ETF approve it will more secure and profitable than before. it make profit and increasing reliability. it is committed to better service. its price will increase more than 70%. its future are more profitable and it will steable its price.

bitcoinhunter888

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If Bitcoin get ETF approval, it will do something good. More secure and potential than before. People's interest will increase and they will invest more. Bitcoin prices will increase and profit rates will increase.

Slow death

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Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

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?

we are seeing a dominance of 51.6% and with a possible approval of ETF we can see a dominance of more than 60%, this because at the moment the altcoins have been very inuteis and without practical use, whereas the bitcoin has the ETF and still has Bakkt , but the altcoins have nothing. So people are seeing a great opportunity to make profits, they sell their altcoins and buy bitcoin and make profits if the ETFs are approved and then go back to the altcoins. In short, bitcoin's domain will slow down after this storm. always is so, it has become a cycle

Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

What do you think?

Do not worry, because once people have profits with bitcoin, they go back to altcoins and the dominance of bitcoin is reduced

Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

Good or bad for the market?

I do not know

Quote from: redrose8226 on August 17, 2018, 12:05:11 PM

I think if the ETF gets approved then the dominance of the bitcoin will be more than 80%.

I think it's too exaggerated

easybtcearn07

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well I can see that everyone is being very concerned and curious about the crypto dominance,still this thing is quite complicated and new for the users that is why it takes time to adjust with it but hopefully it will be changed soon

butterfly8226

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I think BTC will dominate the crypto market for long time. The percentage may go from one point to another but BTC will still be dominating as people are now more interested to own it than the other cryptocurrencies.

valentinen39

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Quote from: sidneycrypto6 on August 17, 2018, 12:35:02 PM

The current situation is low of not only bitcoin but also other crypto coins. Current dominance of bitcoin is 50.77% in the market. I hope it'll go high with the dominance. There is a doubt for other small crypto coins.

Bitcoins will probably increase even more in the next few months because the demand in the market will start to increase again and that is the main reason why we should hold our coins today.

Billgates710

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Dominance may go higher than this if ETF gets approval from SEC. This will make BTC more reliable currency. Despite where BTC standing now, it is still draining people from other currencies towards it.

BlackandRed654

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I think there is both good and bad side regarding this bitcoin dominance. Many companies might be interested to invest in BTC. On the other hand, numbers of ICOs, projects that offer something good can’t come to spot light.

listoncrypto

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Well it seems that the market is having a great impact due the speculations of ETF getting approved. But I think it will increase the control of big groups of investors on the crypto market

cellard

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I believe the real Bitcoin dominance right is is somewhere around 70%. Given the fact that in coinmarketcap (which is just a wrong way to measure the dominance of Bitcoin in cryptocurrencies as a whole) is already past 50%, it's safe to add a good +20% extra to that figure at any rate.

See this article by whalepanda on why the coinmarketcap indicator for BTC dominance is totally fucked up, easy to understand:

https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4

electrobit8024

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I think the rise of the crypto market coming soon. After ETF getting approved it will surely increase market dominance and thus we all will be benefitted in the long run

learningcrypto5421

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I am sure that it will have a great impact on the crypto market. I hope everything will be fine for us and we will be safe investing on crypto market in future after ETF gets approved

cryptogalaxy789

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If you can remember some past records of bitcoin,then you can believe that the price of bitcoin will rebounce and the market will be good for it. Still people are buying coins for future sell. That’s great actually.

Crystalcoin24

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In next few months,bitcoins dominance will rise up again. Some analysts said that it will get its market in the last of the year. Till then wait and see,coz you've nothing to do now.

sidneycrypto6

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The current situation is low of not only bitcoin but also other crypto coins. Current dominance of bitcoin is 50.77% in the market. I hope it'll go high with the dominance. There is a doubt for other small crypto coins.

bitcoindiary

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It may happen. Because if we see the current market condition, there is a dominance of bitcoin still now. So, it won’t be that much wondering if the dominance of bitcoin will be increased.

redrose8226

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There is a dominance of bitcoin in the crypto market in recent years. I think if the ETF gets approved then the dominance of the bitcoin will be more than 80%.

cryptoshops9944

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I think the price of bitcoin will be increased so much day by day. When ETF gets approval the dominance will be increased so much. If there is no problem like capitalism then bitcoin will dominance in the crypto market.

Pattart

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Quote from: Finestream on August 16, 2018, 04:59:43 PM

Quote from: niktuneable on August 16, 2018, 04:51:32 PM

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.

For the next few decades I still believe that bitcoin will still dominate the cryptocurrency market, because the influence of bitcoin is still very strong in the crypto market, maybe more than 90% of altcoin users are bitcoin users/investors, I don't know how long bitcoin will dominate, but it will certainly take time to take over bitcoin

nl247

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I wonder why a lot of people pay so much attention on Bitcoin dominance when it can change at any time. Also, approval of ETF could cause the btc market to surge, and for sure see the value increase rapidly which affects the dominance as most alts take the hit for it, but this does not mean because of that all alts will just end up not being able to have a chance at bulls again. We have seen dominance increased before and dropped afterwards, so it is not new.

Antelopez2

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Bitcon dominance will be constantly increased I think. It will continue till popularity of it is also dominant. I think soon it will be at 70-80%.

SafeCamel95

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Dominance will continue for the next 2-3 years I think. It won't have a sharp cut edge as you are getting scared of. No matter which coin dominates the future your invest in BTC will remain safe, don't worry about that.

Plumbank

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If SEC approves the ETF for BTC then i think it is going make a boost for bitcoin. I think the dominance will be increased by 10-15%. More investors will be attracted towards btc and it will make more dominance from my opinion.

Capt00

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Quote from: Ava Duvall on August 17, 2018, 02:37:13 AM

Quote from: Testament28 on August 14, 2018, 06:01:05 AM

We all witnessed how bitcoin dominate the crypto world this past few years. No to mention last year's skyrocketing value of it. It may went down a couple of notches this past few months. But one thing's for certain. It will surely rise up again and those dumpers and haters will surely regret their decisions.

It should rise but nothing is happening!! people have been expecting high points since the beginning of june and all we had were immense drops in price. of course it should rise the question is when.

At this moment all we have to do is hold as what we have don't ever think panic selling that is not help the market, besides, it makes market worst. So, be patience everything will back to normal, no one knows how far it will be. Still, the market is unpredictable we even know what will happen after this dumping happens.

Ava Duvall

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Quote from: Testament28 on August 14, 2018, 06:01:05 AM

We all witnessed how bitcoin dominate the crypto world this past few years. No to mention last year's skyrocketing value of it. It may went down a couple of notches this past few months. But one thing's for certain. It will surely rise up again and those dumpers and haters will surely regret their decisions.

It should rise but nothing is happening!! people have been expecting high points since the beginning of june and all we had were immense drops in price. of course it should rise the question is when.

lagista

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Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

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?

if etf is approved I think it will have a big impact on bitcoin, because maybe the price conditions will be maximal and this can run optimally. so I think maybe bitcoin will come back high and become a greater dominance in cryptocurrency.

LaserPie

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It looks great. The cycle is back from last year. If you check last year’s statistics you will see that bitcoin has almost same dominance last year in August. It looks like a loops to me.

NuttyOracle

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Bitcoin is the most promising cryptocurrency till now. It has possibility to reach more dominance in future. I think it can go upto 70% dominance. And i think it won't be bad for the market.

McEdward

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It is very optimistic to believe in a dominance of virtual money these days. After the market had been regulated, they have fallen down. Of course, it will rise again. I personally believe in cryptocurrency. I think they are the future. We can easily invest in them and they allow us not to depend on ICO and the old system. In the future, however, I think the bitcoin dominance will be huge. It can be nearly 60% of the world economy. It will be hard to live without fiat money. People are used to it. For that reason, bitcoin progression will come but slowly.

DimHorse

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For being the most popular cryptocurrency, I think bitcoin dominance will go a long way with the time. Now it is almost 51% and with this increasing velocity, it may reach nearly 70-75% in a few years.

cryptohunter

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once most of the icos are reduced to their true value btc will be back to 75%

Finestream

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Quote from: niktuneable on August 16, 2018, 04:51:32 PM

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.

dreammoney710

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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.

thepers0n

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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.

niktuneable

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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.

SoliDCoiNs777

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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.

sunlitit654

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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.

edzleochico6

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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.

audaciousbeing

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Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

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.

Sarandiel

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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.

coinwizard_

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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.

Sbdip

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75%

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

StringFire

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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.

Leo mons

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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.

azazel_hakim

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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.

Cave Basilisks

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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.

Soeracyone

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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.

jonloner011

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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.

LateMoveR52

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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.

SlashEject

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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.

rahimali

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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.

Lisedc

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Basically BTC is not dominating this market because this market is decentralized and there are some good altcoins which have good values in market based on this it is impossible to btc to dominate this market.

CodiepieBCT

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I figure the mastery of bitcoin will always be expanded as long as the fame of bitcoin still prevailing as well. In any case, since the ETF additionally critical in bitcoin, when ETF gets affirmed, I'm likewise pondering perhaps it will be at least 75% bitcoin predominance in advertise capitalization.

GraingerTainMian

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If we think about crypto market then yes BTC is the leading coin in market but there are few coins which are also strong like ETH, Ripple , EOS etc based on this those are known as altcoin also it can’t possible to rule alone because altcoins are there.

BTCisAngelCoin

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Actually BTC is the most famous coin in crypto market based on this it is not dominating whole the crypto market because there are lots of altcoins are there which are also good.

Testament28

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We all witnessed how bitcoin dominate the crypto world this past few years. No to mention last year's skyrocketing value of it. It may went down a couple of notches this past few months. But one thing's for certain. It will surely rise up again and those dumpers and haters will surely regret their decisions.

hasimkamal

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It goes here and there like that since it isn't bitcoin predominance and insofar as there are altcoins with 100 million, to 100 billion coins available for use among the computations of "strength" it will remain a pointless trademark to take a gander at.

Dswaggers

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Quote from: agatha90 on August 11, 2018, 04:19:38 AM

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!

Bitcoin wil dominance in the market always and by the end of this year bitcoin price will up high maye it will reach $25000 to $35000.I think bitcoin will make shock in cryptocurrency in the next year and it will be so excited to see how bitcoin dominate in crypto market.

omone1

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I believe bitcoin will retain its continues market dominance. I this Crypto community what an average investor is majorly use to is bitcoin. It's actually Bitcoin and other coins.

lolland

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Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

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?

That would be a Bitcoin price above 45.000 and that seems likely to happens when we get next bull run market, and I think we will get a bull market when most altcoins are getting dumped for Bitcoins. A ETF would be that push Bitcoins need to get a new all time high, righ now.

allthebitandbobs

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if there a bull run money will flow back to the alts and bitcoin dominance will go down.Just people or waiting on the etf

Hourpre

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In this year crypto market is not going well but i think next year market will rise again and bitcoin will hit $32000. If bitcoin reach this amount it will be a great achievement for bitcoin.

Ibizugbe1

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Bitcoin will always keep its dominance. Traders have more faith in it than any other coin. No matter what happens people try to first find safety in bitcoin before any other token.

Parala

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There are so many altcoins to compete with. Bitcoin itself pioneer of this crypto currency theme. So, if they get updated over the time then it is definitely may dominate it. But it will not harsh enough to all.because of the fact of decentralization.

nicster551

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Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

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?

It depends. Bitcoin dominance really do spike up because of the people transferring from altcoins to Bitcoin because they think that it is low now and Bitcoin would go up any moment.

Zhamilya

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2018 is not a good year for bitcoin but i believe in 2019 bitcoin will reach $30000. Then it will become a global currency.

Myown55

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It is said that nothing last forever but i trust bitcoin's lifespan is closer to eternity because the currency gets better and popular by day.

burky156

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I can say "always" easly. The bitcoin is the first, biggest and strongest coin ever. It would never leave leading i am sure. The new coins (ICO's) would never reach the Bitcoins level, it is impossible. As we know in 2018 many ICO falls, all the investor loose money. So there will be no competition ever.

rileyhill

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Bitcoin is a digital currency its dominance has made a new record .It will be go very far it is not bad for the market the market will rise I hope and dominance can be 75 percent .

tomward

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In future all the shitcoin will be vanish and BTC will be improve more then and altcoin also improve with BTC because altcoin is alternative of BTC.

aso118

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Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

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?

You must remember that not long ago, before Ethereum gained prominence, that Bitcoin had a market dominance of over 90%. That has come down now, but Bitcoin is definitely capable of bouncing back. I think the ICO bubble has finally been burst and people will be a little more careful about where they invest.

bitterdog

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Quote from: GymClassHeroes on August 11, 2018, 03:35:21 AM

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.

agatha90

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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!

talkbitcoin

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All I know is that I know nothing.

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.

GymClassHeroes

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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?

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