I really don't know if it's that high, 90% is really high, I can see 80% there are a lot of shitcoins and a ton of them with unstable volume where we see a lot of money move hands quickly.
I agree with you and i think bitcoin dominance is totally logic...the majority of altcoins didnt have any effect at the market and they just take place in exchanges...also when we talk about exchanges there is a ton of them and many exchanges born but its rare to see a change in the top 50 exchanges rank 
Topic: Bitcoin dominance is actually over 90% (Read 434 times)
I would rather agree with the OP. Most of the altcoins had huge premine ratios, and as a result a vary large fraction of the circulating supply is being held in cold storage and never traded. If these coins and tokens becomes available for trading, then the exchange rates and market capitalization for many of the altcoins are going to collapse. The real market cap of BTC, as the OP pointed out will be somewhere in the 90% range.
It's a lie, bitcoin dominance is not over 90%. It could be higher even lower than what we currently have. Do remember that some exchanges just fake volumes to attract traders and coinmarketcap feed on data that are available to them by exchanges.
Of course, the dominance of Bitcoin has never been 90%. Maximum 80%, if you do not take into account the capitalization of stable coins. It’s best to profit from investing in Bitcoin. Altcoins so far show only losses in the cryptocurrency market.
It's a lie, bitcoin dominance is not over 90%. It could be higher even lower than what we currently have. Do remember that some exchanges just fake volumes to attract traders and coinmarketcap feed on data that are available to them by exchanges.
Price is misleading about dominance. There many cryptocurrencies that has more liquidity but less in price compared to other cryptos. Bitcoin is literally dominating the market now and it seems that we will see this image for a long time.
That's right, and that dominance is likely to be for a long time to come
Now Bitcoin is the most necessary asset that sets the pace and pricing of the crypto market. Everyone trades, invests, exchanges thanks to Bitcoin. So 90% of domination is a real figure. No altcoin can change this at the moment.
But i see in this a positive point. Such domination eliminates weak altcoins, creating a stable top 10 coins on the market. What do you think about it?
But i see in this a positive point. Such domination eliminates weak altcoins, creating a stable top 10 coins on the market. What do you think about it?
Market dominance is a figure that represents how much money is held in bitcoin, comparing to other cryptocurrencies–and is a measuring tool for assessing the relative health of other coins in the cryptocurrency ecosystem. When looking at the total market cap of all cryptocurrencies, Bitcoin has always maintained its dominance. Bitcoin was overvalued in the last last year and the situation we had in December 2017 was really a market bubble.
I thought its dominance was 70%. Realistically, it's possible that more people have Bitcoins on exchanges then we realize. Anyway it's mathematically inevitable that altcoins will take some of that dominance. It's like saying back in 1998 cougar would only be the only search engine. Actually, that's a bad example because Google pretty much is the only search engine. Baby Bitcoin will still be this dominant in 20 years.
Bitcoin is a well-known cryptocurrency having highest value against fiat.
But still making a statement relating to the dominance of Bitcoin in the crypto market with an exact figure is wrong.
Few factors as making it clear :
Bitcoin has very higher fees comparing to other altcoins.
The time required by the network for confirmations.
Bitcoin has the highest value for exchange against fiat.
So, considering these facts major literate users are using alternative coins for faster transaction.
In such cases, most of the Bitcoins are already locked in such coins having huge marketcap with crypto market.
And according to blockchain explorer, only exchanger and independent user have their BTC in their control. Because the trader has use exchanger for exchange and trading with their Bitcoins and other altcoins.
But still making a statement relating to the dominance of Bitcoin in the crypto market with an exact figure is wrong.
Few factors as making it clear :
Bitcoin has very higher fees comparing to other altcoins.
The time required by the network for confirmations.
Bitcoin has the highest value for exchange against fiat.
So, considering these facts major literate users are using alternative coins for faster transaction.
In such cases, most of the Bitcoins are already locked in such coins having huge marketcap with crypto market.
And according to blockchain explorer, only exchanger and independent user have their BTC in their control. Because the trader has use exchanger for exchange and trading with their Bitcoins and other altcoins.
Most of the variables used to determine market dominance are very controversial, because we know some exchanges manipulate the data and that includes transaction volume. So market dominance is this cloud in the sky statistic that has no real value and it is just used to confuse and manipulate traders investment decisions. 
You also have to look at other things like global Crypto currency ATM distribution statistics and merchant adoption of the different coins and token to get a better picture of market dominance.
You also have to look at other things like global Crypto currency ATM distribution statistics and merchant adoption of the different coins and token to get a better picture of market dominance.
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cmc is only for quick reference and not to be regarded as an accurate source of information. most of the figures are not correctly presented. you have to do your own validation if you want to get precise numbers.
and this percentage of BTC dominance will vary depending on which site you are in. it only exhibits that we cant have the exact number here because there are other factors that need to be considered. but it is crystal clear that BTC still holds its position as the major cryptocurrency among these sea of altcoins!
cmc is only for quick reference and not to be regarded as an accurate source of information. most of the figures are not correctly presented. you have to do your own validation if you want to get precise numbers.
and this percentage of BTC dominance will vary depending on which site you are in. it only exhibits that we cant have the exact number here because there are other factors that need to be considered. but it is crystal clear that BTC still holds its position as the major cryptocurrency among these sea of altcoins!
actually the data on these sites is exactly the same and it is accurate. the percentage is also the same thing if calculated using the same data. if there is any small differences then it is because the lists are different meaning one list has 2345 shitcoins and the other has 2456 shitcoins so the final result may be a little different.
In the cryptocurrency market, bitcoin dominance is really very high now, and 80 percent, 90 percent or more, is no longer significant. Moreover, this can hardly be accurately calculated.
I do not think that such a state of affairs is normal for a decentralized cryptocurrency. Even in tightly centralized currencies, we do not observe this. Therefore, altcoins cannot develop normally. For almost two years they have remained oppressed, although many have functionality far above bitcoin. This market has just begun to develop and we can’t say what result this development will bring even in the near future.
I do not think that such a state of affairs is normal for a decentralized cryptocurrency. Even in tightly centralized currencies, we do not observe this. Therefore, altcoins cannot develop normally. For almost two years they have remained oppressed, although many have functionality far above bitcoin. This market has just begun to develop and we can’t say what result this development will bring even in the near future.
I agree with that. CMC only count what is listed on it. There are a lot of others trades which isn't listed nor tracked. So, volumes and dominance are not accurate.
Also, trading contest on exchanges cuase abnormal volumes for some time for its tokens.
Also, trading contest on exchanges cuase abnormal volumes for some time for its tokens.
Beside all the OTC action that happens outside of the reach of CMC, you have to add in the endless sea of dead shitcoins which have basically dust marketcaps, and due the fact that there are literally thousands, it ends up packing a chunk of dead, actually non-existent capital listed on those dead shitcoins, thus lowering Bitcoin dominance % by a long shot. The sum of all those things prove how the % is highly flawed and does not translate into reality. We are most likely back to near pre-shitcoin era, and all the main altcoins are going to continue to keep tanking against BTC since they have no fundamentals.
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I've been warning people about this but a lot of them would rather sink with their bags than admit defeat and go back to BTC. What can you do? Their loss.
cmc is only for quick reference and not to be regarded as an accurate source of information. most of the figures are not correctly presented. you have to do your own validation if you want to get precise numbers.
and this percentage of BTC dominance will vary depending on which site you are in. it only exhibits that we cant have the exact number here because there are other factors that need to be considered. but it is crystal clear that BTC still holds its position as the major cryptocurrency among these sea of altcoins!
Bitcoin dominates the Cryptocurrency world even in the entire dump field. I realize that Bitcoin cannot account for 90% of the whole market, ETH and BCH, along with some Altcoins, are still taking up a substantial proportion of the entire market. I prefer Altcoin because even in the worst of times it bulls even the bear market gets worse every day.
I agree with that. CMC only count what is listed on it. There are a lot of others trades which isn't listed nor tracked. So, volumes and dominance are not accurate.
Also, trading contest on exchanges cuase abnormal volumes for some time for its tokens.
Also, trading contest on exchanges cuase abnormal volumes for some time for its tokens.
Beside all the OTC action that happens outside of the reach of CMC, you have to add in the endless sea of dead shitcoins which have basically dust marketcaps, and due the fact that there are literally thousands, it ends up packing a chunk of dead, actually non-existent capital listed on those dead shitcoins, thus lowering Bitcoin dominance % by a long shot. The sum of all those things prove how the % is highly flawed and does not translate into reality. We are most likely back to near pre-shitcoin era, and all the main altcoins are going to continue to keep tanking against BTC since they have no fundamentals.
I've been warning people about this but a lot of them would rather sink with their bags than admit defeat and go back to BTC. What can you do? Their loss.
According to CoinmarketCap, Bitcoin dominance stands at exactly 69.7% at the time of writing. However, more critical analysis suggests that Bitcoin dominance is actually over 90%. This piece of information may come as a surprise to many, but let’s take a closer look and find out how this figure was arrived at.
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CMC makes this calculation based on their altcoins data.
According to CMC's data, there are 2904 coins or tokens in market. And BTC Dominance is about %69
Coingecko makes its calculation based on their own altcoin data also,
According to Coingecko's data, there are 5761 coins or tokens in market. And BTC Dominance is about %67
So what is your database for this calculation? I don't think you have enough data to make this calculation.
I really don't know if it's that high, 90% is really high, I can see 80% there are a lot of shitcoins and a ton of them with unstable volume where we see a lot of money move hands quickly.
Maybe if the top hundred coins of CMC was taken into consideration we can see the dominance of bitcoin to be above 90%. When we calculate on the whole even the shitcoins will get added. Though there isn't any perfect trade volume, an average value is taken. Such a calculation has given the result of bitcoin dominance around 68%, and if these shitcoins were eliminated the value will be close to 80%
I agree with that. CMC only count what is listed on it. There are a lot of others trades which isn't listed nor tracked. So, volumes and dominance are not accurate.
Also, trading contest on exchanges cuase abnormal volumes for some time for its tokens.
Also, trading contest on exchanges cuase abnormal volumes for some time for its tokens.
I think I agree with your report and this is why we have seen that most altcoins are not really thriving at all, and for bitcoin dominance to have reached such high level, does this means the end of altcoins because I really doing understand what is happening with the alts, right in my eyes, bitcoin has consolidated several times which should have been an opportunity for altcoins to start risings, but despite all the consolidation, they still remain same.
Bitcoin is really gaining more popularity day by day and the reason why the popularity became this high now is because altcoins were not functioning properly as they should function, of they were serving as better alternatives, users and investors would not have rely on the use of bitcoin alone for transactions.
Bitcoin is really gaining more popularity day by day and the reason why the popularity became this high now is because altcoins were not functioning properly as they should function, of they were serving as better alternatives, users and investors would not have rely on the use of bitcoin alone for transactions.
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