Do not be confused with stats provided by Coinmarketcap, because their definition of dominance is misleading.
Topic: Bitcoin dominance record (Read 636 times)
I do not use Market Cap as a indicator of dominance, but rather the price of the coins. If people are willing to pay a high price for a coin, then it has dominance based on "demand" for that coin. Bitcoin has had the highest demand for the coin of all coins, since it was released in 2009, so I will say we have a perfect score of 100% dominance over other Alt coins.
Do not be confused with stats provided by Coinmarketcap, because their definition of dominance is misleading.
Do not be confused with stats provided by Coinmarketcap, because their definition of dominance is misleading.
I agree, when bitcoin was alone in crypto space bitcoin was really dominant at that time and since alternative coins popped out it caused temporary diversion to investors wanted to venture with altcoins. Though there are some altcoins are really impressive but it cannot take away the blatant scam altcoins and ICOs. And that's the turning point investors getting back to bitcoin as trusted crypto investment to venture with.
Bitcoin was once dominant in the crypto market being pioneer of crypto currencies.Then it started to lose its dominance gradually due to the entrance of hundreds of new coins.
Bitcoin's dominance was at its lowest at 36.1 percent.
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
Bitcoin's dominance was at its lowest at 36.1 percent.
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
These numbers made sense. Dominance, Volume, HMA, etc ...
Bitcoin price for some reason this year does not react to anything. It almost turned into a stable coin. Fixed between 6300-6600 $. We expect a rapid rise from here, but this year was not much hope.
your mistake is that you are using market cap ratio and calling it dominance. it is like picking up an apple and calling it an orange! just because coinmarketcap.com is dumb enough to use the word "dominance" it doesn't mean it is correct. in fact dominance in a market has nothing to do with market cap specially when it comes to cryptocurrencies where 1 coin can create billions of tokens out of thin air and have billions of dollars worth of market cap and have a bigger "ratio". and none of that billions of tokens even have to enter circulation for it to have that market cap.
I think so, that the market capitalization on coinmarketcap (Market Capitalization) cannot be called domination and when calling domination should be in Github activity (https://coincheckup.com/analysis/github).
there is no doubt about that bitcoin will dominant market cap always,
those who think that eth or any other major altcoin will take kingdom from bitcoin.its your wrong idea and bcz of negativity about bitcoin.bitcoin built its foundation more strongly.
those who think that eth or any other major altcoin will take kingdom from bitcoin.its your wrong idea and bcz of negativity about bitcoin.bitcoin built its foundation more strongly.
Because of the negative, which is happening in the market, investors lose faith in the rest of the crypto currency and pour money into Bitcoin.
There is no doubt Bitcoin still remain stronger, A lot of shill happening that Bitcoin will be replaced by altcoin like as an example the Ethereum flippening case. Statistics shows Bitcoin is yet still remaining powerful. It is shown that the community still yet aware that Bitcoin is the leaders of cryptocurrency.
I don't think for those who felt bitcoin can be replaced by ETH or other altcoin whereas the market cap between bitcoin and altcoin is very far away, bitcoin have 116 B and ETH just have 24 B. I feel it won't be happen, altcoin holders were very ambitious with this problem, might because of the impact of pump and dump that always occur in the altcoin market. Bitcoin was once dominant in the crypto market being pioneer of crypto currencies.Then it started to lose its dominance gradually due to the entrance of hundreds of new coins.
Bitcoin's dominance was at its lowest at 36.1 percent.
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
Bitcoin's dominance was at its lowest at 36.1 percent.
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
It is not about the faith it's about making money most of the people buying into those shitcoins does that because of the lucrative gains potential which they carry. And the market recently has been bearish so its normal for the people to keep their satoshis intact as the altcoins does not have a bottom and they can go down to unimaginable levels of low.
With a 2% decrease in last month and 8% decrease in the last 7D, there is a feeling of a downtrend.
Sitting around 51% right now.
Since Jan 13 where is bottomed out at 32%.
(Source: https://coinmarketcap.com/charts/#dominance-percentage)
There is a rumour about an ALt-season beginning.
Last Year was a similar situation actually.
In Sep-Nov an ALT-season Started to boom. IT also seems that the market has bottomed last week.
Well, in any case, we will discover soon enough.
Hope you have filled your bags!!
I will give the ATLs a try the following week. Hope to stand with few more Btc in the end.
Sitting around 51% right now.
Since Jan 13 where is bottomed out at 32%.
(Source: https://coinmarketcap.com/charts/#dominance-percentage)
There is a rumour about an ALt-season beginning.
Last Year was a similar situation actually.
In Sep-Nov an ALT-season Started to boom. IT also seems that the market has bottomed last week.
Well, in any case, we will discover soon enough.
Hope you have filled your bags!!
I will give the ATLs a try the following week. Hope to stand with few more Btc in the end.
I think this is a natural movement towards dominance in such a falling market, which will soon be a year)
I think the arrival of the new coin does not affect the credibility of bitcoin in every market, bitcoin always dominates the market. there is no coin that can rival bitcoin. bitcoin is always ahead. even though the market is bearish.
But we're talking about its dominance in percentage here. It doesn't matter if bitcoin will still remain on top or not, it doesn't erase the fact that investors will move out of it if there's a coin they like--which will result in lower dominance.
I think the arrival of the new coin does not affect the credibility of bitcoin in every market, bitcoin always dominates the market. there is no coin that can rival bitcoin. bitcoin is always ahead. even though the market is bearish.
bitcoin is a choice for everyone. bitcoin regulates the market and volatility. bitcoin never loses investors.
bitcoin is a choice for everyone. bitcoin regulates the market and volatility. bitcoin never loses investors.
with this poor condition of all altcoins there was no secret peoples will choose to stay with bitcoin only. it more safe from shit coin outhere..
Even though Market Cap is a poor metric to measure market dominance, people still get a warm feeling when Bitcoin shows
dominance over other Alt coins. OP, said Bitcoin is losing dominance, but Alt coins in general is losing a lot of transaction
volume & sales over the last couple of weeks. We predicted that interest in Alt coins will diminish and it happened faster than
what we predicted it. The only true coin is holding it's value - Bitcoin (BTC)
dominance over other Alt coins. OP, said Bitcoin is losing dominance, but Alt coins in general is losing a lot of transaction
volume & sales over the last couple of weeks. We predicted that interest in Alt coins will diminish and it happened faster than
what we predicted it. The only true coin is holding it's value - Bitcoin (BTC)
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
Exactly that's what we witnessing right now, investors dumps their altcoins to shift their funds to bitcoin. Gone are the days that shitcoins used to be the go to for investors if they wanted to earn quick bucks. Alts have suffered the most in this bear market while bitcoin remains above $6K which we can say that we have reach bottom already.
If Bitcoin dominance is more than 50% it means bitcoin is in more demand as compare to other currencies. Its a sign of bull run of bitcoin. Earlier this year there was a big rise in bitcoin's dominance — with so-called alt coins falling back across the board — ahead of the bitcoin price rising to highs of $8,400. We can see again a upmove in bitcoin price again.
Tend to disagree, dominance is not a sign that we are in bull run. Last year we didn't top 50% but still the market continued its astronomical growth until the bubble has been burst. The rise in dominance really means that investors are likely moving from alts to bitcoin because its the logical thing to do.
If Bitcoin dominance is more than 50% it means bitcoin is in more demand as compare to other currencies. Its a sign of bull run of bitcoin. Earlier this year there was a big rise in bitcoin's dominance — with so-called alt coins falling back across the board — ahead of the bitcoin price rising to highs of $8,400. We can see again a upmove in bitcoin price again.
Bitcoin dominates his market ever since simply because its the top coin and every investors believe on bitcoin. If all the people used bitcoin now, we will see the price to rise again. This is a great study about bitcoin domance, and this is why i don’t buy shitcoins becuase they can’t survive in this market while bitcoin remains on top.
I think that the government in using bitcoin is a very good idea, because about bitcoin is a very convenient way of paying in some countries, I think it's cool!
Bitcoin was once dominant in the crypto market being pioneer of crypto currencies.Then it started to lose its dominance gradually due to the entrance of hundreds of new coins.
Bitcoin's dominance was at its lowest at 36.1 percent.
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
Yes, this is great news, especially in the current scenarios. This was quite obvious too because Bitcoin is the first cryptocurrency to be launched and it has maintained its prime position since then. So if any new investor thinks of entering the market, he will start through Bitcoin most probably. People have earned huge profits from Bitcoin which causes them to stick to it, thus addition to its market share. Bitcoin's dominance was at its lowest at 36.1 percent.
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
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but it is all about the context that the term "dominance" is being used in. people aren't just using the term to compare market capitalizations, they are using the term "dominance" to say bitcoin is losing its ground and being replaced by an altcoin.
but it is all about the context that the term "dominance" is being used in. people aren't just using the term to compare market capitalizations, they are using the term "dominance" to say bitcoin is losing its ground and being replaced by an altcoin.
People have strong tendency to simplify complex issues to make it easier to digest, that's not necessarily a bad thing. But when Bitcoin was actually under real threat of Ethereum taking over the 1st place, the most quoted source was [ur=https://www.flippening.watch/l]flippening watch[/url], which compared multiple other metrics other than market cap. People seem to understand that there's more to it than just market cap.
What's funny, if you dismiss market cap entirely, you'd have to admit that, by other measurable metrics, Bitcoin briefly lost its #1 badge at one point (got overtaken by ETH in trade volume, number of transactions, node count + few more).
besides when you compare market capitalizations you should also consider that fact that market cap of a lot of altcoins is FAKE because their coins are not in circulation. for instance the coins with premine that have not yet released the coins by dumping them on exchanges. if they do it the price of them will fall and consequently their market cap will fall making it more real.
You could say the same about Bitcoin. Aren't Satoshi's coins (~1 million) also included in market cap? You have to use some number and the actual number of coins in circulation is impossible to tell.
But that's why I say it's best to watch dominance by comparing Bitcoin to #2 coin, rather than looking at total market cap share.
If Bitcoin dominance is more than 50% it means bitcoin is in more demand as compare to other currencies. Its a sign of bull run of bitcoin. Earlier this year there was a big rise in bitcoin's dominance — with so-called alt coins falling back across the board — ahead of the bitcoin price rising to highs of $8,400. We can see again a upmove in bitcoin price again.
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