Topic: Bitcoin dominance keeps decreasing due to recent altcoins pump. (Read 1399 times)
But at least, all the coins are possibilities to store and transfer money in a more or less secure and fast way. They are alternatives to fiat. And the one coin, which will have the most consumer-friendly, easiest usage in the future, or the best marketing, or the most aggressive march in the market, will dominate (for at least a while). Bitcoin is only a name and some code, but no absolute religion, or closed scientific truth. It is a step in the development on the way to the future. Like the first car was, like the first algorithm for the first search engine was. A single thought, which came true. But a lot of other thoughts will follow.
Bitcoin is, and will stay the most dominant "Crypto Currency".
Compared to what... ?
You should compare what can be compared.
Aha...
edit:
@ BTCLovingDude: totally agree!
Compared to it's Forked coins (BLK, PPC, LTC ...)
Bitcoin is, and will stay the most dominant "Crypto Currency".
Compared to what... ?
You should compare what can be compared.
Aha...
edit:
@ BTCLovingDude: totally agree!
1886 Carl Benz invented the mordern car. Today 13 car producing companies are bigger than Daimler Benz.
Who invented the modern computer?
On which rank do you find this company today in the group of high tech producers?
And before Google had its debut on the market, didn't we have Yahoo, Lycos, AltaVista... ?
To say, that BTCs domination will last, means:
I have no visions and no knowledge of history.
Who invented the modern computer?
On which rank do you find this company today in the group of high tech producers?
And before Google had its debut on the market, didn't we have Yahoo, Lycos, AltaVista... ?
To say, that BTCs domination will last, means:
I have no visions and no knowledge of history.
anybody who is saying bitcoin's dominance will last is a fool. but anybody who thinks any of the current existing coins can even come close to bitcoin's real dominance is even a bigger fool.
in 1800s there have been many duplication of "automobile" such as the ones in Britain in 1895 and 1898 or the 1891 three-wheeler in Ohio and lots and lots more from then until today but you only hear a handful of them. the rest are history and unless you open a history book you never find out about them.
the same goes with any of your other examples. how many similar companies to Google have been, how many Companies claiming to be better than Microsoft and IBM,... and how many of them are alive now?
claiming to be good is not being good.
and current altcoins that offer nothing but pump and dump will only remain in the history and in topics on bitcointalk and other places on the internet for many years to come and nobody will ever hear about them.
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Bitcoin's dominance doesn't depend on the price of the Altcoins. Both are totally different, can you compare your mother with other mothers ?
No, This is how bitcoin is different.
Every altcoin investor owns a bunch of bitcoins because most of the time they have to use it in order to buy coins, as it is the most widely supported crypto currency, so i don't consider the screen displayed byt the OP as been a real dominance data.
I suppose that it takes in count hte volume of each cryptocurrency, which leads to bad interpretation.
Bitcoin is, and will stay the most dominant "Crypto Currency".
No, This is how bitcoin is different.
Every altcoin investor owns a bunch of bitcoins because most of the time they have to use it in order to buy coins, as it is the most widely supported crypto currency, so i don't consider the screen displayed byt the OP as been a real dominance data.
I suppose that it takes in count hte volume of each cryptocurrency, which leads to bad interpretation.
Bitcoin is, and will stay the most dominant "Crypto Currency".
Agreed with you bitcoin is still the king of crypto world it's well known around the world with huge community variety of merchants. Bitcoin has the future I also don't think there is chance for any altcoin to challenge it. So this world will dominated by bitcoin.
i think from time to time, bitcoin is always a king for another crypto currencies because for me, bitcoin is a leader of the crypto so people will know bitcoin more than other altcoin. although other altcoin is rise but bitcoin is still be in number one and can not replace by other altcoin. and whenever bitcoin is down or up, the altcoin will be follow bitcoin also and altcoin will always behind in bitcoin.
1886 Carl Benz invented the mordern car. Today 13 car producing companies are bigger than Daimler Benz.
Who invented the modern computer?
On which rank do you find this company today in the group of high tech producers?
And before Google had its debut on the market, didn't we have Yahoo, Lycos, AltaVista... ?
To say, that BTCs domination will last, means:
I have no visions and no knowledge of history.
Who invented the modern computer?
On which rank do you find this company today in the group of high tech producers?
And before Google had its debut on the market, didn't we have Yahoo, Lycos, AltaVista... ?
To say, that BTCs domination will last, means:
I have no visions and no knowledge of history.
It is not the same, you are comparing on a price basics. This is technology who relys on many others, and the main advantage of bitcoin compared to the others is, their code is still actively developed, which is not the case for a lot of altcoins.
You should compare what can be compared.
For example bitcoin can't be compared with DASH as both coins offer different services and features.
You can compare Bitcoin with Litecoin.
You can compare DASH with PIVX
You can comparez ETH with ETC
You can compare BCC with BLK
And so on.
Bitcoin's dominance doesn't depend on the price of the Altcoins. Both are totally different, can you compare your mother with other mothers ?
No, This is how bitcoin is different.
Every altcoin investor owns a bunch of bitcoins because most of the time they have to use it in order to buy coins, as it is the most widely supported crypto currency, so i don't consider the screen displayed byt the OP as been a real dominance data.
I suppose that it takes in count hte volume of each cryptocurrency, which leads to bad interpretation.
Bitcoin is, and will stay the most dominant "Crypto Currency".
No, This is how bitcoin is different.
Every altcoin investor owns a bunch of bitcoins because most of the time they have to use it in order to buy coins, as it is the most widely supported crypto currency, so i don't consider the screen displayed byt the OP as been a real dominance data.
I suppose that it takes in count hte volume of each cryptocurrency, which leads to bad interpretation.
Bitcoin is, and will stay the most dominant "Crypto Currency".
Agreed with you bitcoin is still the king of crypto world it's well known around the world with huge community variety of merchants. Bitcoin has the future I also don't think there is chance for any altcoin to challenge it. So this world will dominated by bitcoin.
1886 Carl Benz invented the mordern car. Today 13 car producing companies are bigger than Daimler Benz.
Who invented the modern computer?
On which rank do you find this company today in the group of high tech producers?
And before Google had its debut on the market, didn't we have Yahoo, Lycos, AltaVista... ?
To say, that BTCs domination will last, means:
I have no visions and no knowledge of history.
Who invented the modern computer?
On which rank do you find this company today in the group of high tech producers?
And before Google had its debut on the market, didn't we have Yahoo, Lycos, AltaVista... ?
To say, that BTCs domination will last, means:
I have no visions and no knowledge of history.
Bitcoin's dominance doesn't depend on the price of the Altcoins. Both are totally different, can you compare your mother with other mothers ?
No, This is how bitcoin is different.
Every altcoin investor owns a bunch of bitcoins because most of the time they have to use it in order to buy coins, as it is the most widely supported crypto currency, so i don't consider the screen displayed byt the OP as been a real dominance data.
I suppose that it takes in count hte volume of each cryptocurrency, which leads to bad interpretation.
Bitcoin is, and will stay the most dominant "Crypto Currency".
No, This is how bitcoin is different.
Every altcoin investor owns a bunch of bitcoins because most of the time they have to use it in order to buy coins, as it is the most widely supported crypto currency, so i don't consider the screen displayed byt the OP as been a real dominance data.
I suppose that it takes in count hte volume of each cryptocurrency, which leads to bad interpretation.
Bitcoin is, and will stay the most dominant "Crypto Currency".
look the money where on dash, now dash is dumped of half of what the peak was and bitcoin is increasing near $1100+, but on the other hand all the other alt are retaining their increase, like lbry decred ethereum, i'm fairly certain new investors are in altcoin, but only in gpu coin not asic altcoin like dash
all of them are constantly dropping and that has always been the end result of a pump. when people only buy something (an altcoin) just to make profit they exit it to take that profit out.
so far the Dash has the biggest drop since it has the bigger and first rise and all the other are following eth is constantly dropping -5% at a time and decreed has recently pumped so the drop is slow now.
and no i doubt anybody new is investing in altcoin, it is the old pumpers and all the old traders.
look the money where on dash, now dash is dumped of half of what the peak was and bitcoin is increasing near $1100+, but on the other hand all the other alt are retaining their increase, like lbry decred ethereum, i'm fairly certain new investors are in altcoin, but only in gpu coin not asic altcoin like dash
bitcoin is still the dominant coin. it has the highest price which is showing the real majority support/demand for it and it still is the only coin that has real adoption and also real world usage. bitcoin, unlike altcoins, is not just for trading you can use it in other applications such as using it as a currency.
that "dominance" that coinmarketcap shows is just a foolish comparison of bitcoin's real marketcap with all the rest of the altcoin's fake marketcap.
no matter how many times i repeat this, people still fall for this scam.
market cap = price * supply
altcoins = huge supply (even 100 billion coins) => any price * huge number = huge marketcap!
It's just decimal points though. All a large amount of coins does is move where we put the decimal point that "dominance" that coinmarketcap shows is just a foolish comparison of bitcoin's real marketcap with all the rest of the altcoin's fake marketcap.
no matter how many times i repeat this, people still fall for this scam.
market cap = price * supply
altcoins = huge supply (even 100 billion coins) => any price * huge number = huge marketcap!
bitcoin is still the dominant coin. it has the highest price which is showing the real majority support/demand for it and it still is the only coin that has real adoption and also real world usage. bitcoin, unlike altcoins, is not just for trading you can use it in other applications such as using it as a currency.
that "dominance" that coinmarketcap shows is just a foolish comparison of bitcoin's real marketcap with all the rest of the altcoin's fake marketcap.
no matter how many times i repeat this, people still fall for this scam.
market cap = price * supply
altcoins = huge supply (even 100 billion coins) => any price * huge number = huge marketcap!
that "dominance" that coinmarketcap shows is just a foolish comparison of bitcoin's real marketcap with all the rest of the altcoin's fake marketcap.
no matter how many times i repeat this, people still fall for this scam.
market cap = price * supply
altcoins = huge supply (even 100 billion coins) => any price * huge number = huge marketcap!
Can We Predict the Winner in a Market with Network Effects? Competition in Cryptocurrency Market
http://www.mdpi.com/2073-4336/7/3/16/html
Have things changed since March 2016?
Quote
Abstract: We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining early dynamics of exchange rates among different cryptocurrencies. While Bitcoin essentially dominates this market, our data suggest no evidence of a winner-take-all effect early in the market. Indeed, for a relatively long period, a few other cryptocurrencies competing with Bitcoin (the early industry leader) appreciated much more quickly than Bitcoin. The data in this period are consistent with the use of cryptocurrencies as financial assets (popularized by Bitcoin), and not consistent with winner-take-all dynamics. Toward the end of our sample, however, things change dramatically. Bitcoin appreciates against the USD, while other currencies depreciate against the USD. The data in this period are consistent with strong network effects and winner-take-all dynamics. This trend continues at the time of writing.
http://www.mdpi.com/2073-4336/7/3/16/html
Quote
Received: 18 March 2016 / Accepted: 29 June 2016 / Published: 7 July 2016
Have things changed since March 2016?
There must be some studies done on first movers and their dominance. Has anyone seen any. I might try to find some.
Seems to be plenty written about it. Has anyone seen any crypto analysis?
https://www.google.com.au/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=first%20mover%20advantage%20google%20scholar&oq=first%20mover%20advantage%20google%20scholar&aqs=chrome..69i57.11343j1j8
Maybe some:
https://scholar.google.com/scholar?q=first+mover+advantage++bitcoin&btnG=&hl=en&as_sdt=0%2C5
Seems to be plenty written about it. Has anyone seen any crypto analysis?
https://www.google.com.au/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=first%20mover%20advantage%20google%20scholar&oq=first%20mover%20advantage%20google%20scholar&aqs=chrome..69i57.11343j1j8
Maybe some:
https://scholar.google.com/scholar?q=first+mover+advantage++bitcoin&btnG=&hl=en&as_sdt=0%2C5
good - btc needs to wake up and stop ruining our party. I don't think it is healthy to have one coin that is so dominant over all of the rest anyway.
Nothing we can do about that, can we? Dash kinda made a run for dominance and did damn well for a bit...but it's not bitcoin. Bitcoin was first, and if Joe Lunchbox on the Street knows anything about any crypto, it's bitcoin. Not any of these other hangers-on. I don't think it's healthy to have hundreds of shitcoins on the market doing absolutely nothing--but I can't do anything about that either. 
I think it's just temporary because of this Bitcoin Unlimited issue,but after this issue Bitcoin will eventually recover and will gain more markets anyway it's good that a new group of altcoins are in a race for a share in the market it's good for crypto currency ecosystem.
Because of the splitting issued bitcoin dominance really decrease a lot and the price fall down under 1000$ and on the other side the alt coin price keep on increasing causing people to buy and trade alt coin, but now bitcoin is slowly gaining more dominance, alt coin dominance is only temporary when bitcoin issue settled, bitcoin will be on top again
Bitcoin BU and Core war makes the bitcoin dump, this always causes altcoin pumps, altcoin and bitcoin price are controversial, so good for alts.
[im g]https://i.imgur.com/Iv4AaCX.png[/img]
How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%
Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers!
I think it is great for us altcoin traders as well, the prices goes up and down but mostly going up these days. That means great profits for us. Also bitcoin price may go higher and that doesn’t directly related to altcoin prices going down anymore, some coins goes up even when bitcoin price goes up which does affect the bitcoin dominance recently.How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%
Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers!
I think the best balance is 40$ bitcoin and 60% from the altcoins the success of any altcoin sis also the success of the crypto currency in general.
You got any explanation for 40% and 60% share between bitcoin and altcoin dominance ? I guess you give more to altcoin industry just because of number of existing coins, right? Jump to: