Bitcoin dominance ruining the market

sunsilk

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Quote from: daly896 on December 23, 2018, 06:53:44 AM

Btc dominance is a big problem by the way!
I think there will be another situation and btc dominance will go down eventually! 52% is too much!

Why it's a big problem? do you understand what you are saying about it? 52% is too much? I don't think so, you will see on why is it that having a bigger bitcoin dominance will make the market healthier than it is today.

If you have too many altcoins, you have to hope for bitcoin's power so your alts are going to move properly on the positive side. If it wasn't for bitcoin, your alts are going to drop for sure. It's the one that saves your money so don't think its too much and a problem.

daly896

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BITWIN

Btc dominance is a big problem by the way!
I think there will be another situation and btc dominance will go down eventually! 52% is too much!

wxxyrqa

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Quote from: boty on December 23, 2018, 02:14:54 AM

yes this bitcoin movement became dominant and became a reference for all the cryptocurrency in the exchange, also because bitcoin is the most important coin of all existing cryptocurrency no one can beat bitcoin.

It seems to me that Bitcoin will lose its relevance gradually. Indeed, this coin has been a leader so far, because it was a pioneer in the cryptocurrency market and solely received the laurels for the entire popularization of the chain block. But since there are quite a few projects with coins in the cryptocurrency market, the relevance of Bitcoin will decrease.

Ridwan Fauzi

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Bitcoin is the first coin cryptocurrency so as bitcoin has many investors. Even everyone who is new to cryptocurrency and they want to invest, they will choose bitcoin as the first choice and then choose altcoin. This is what causes when a price decline occurs they will sell bitcoin first and then sell the altcoin they have, but again depends on the conditions. Not all investors sell their altcoins when the price of bitcoin decreases, some of them will see the latest developments from their altcoin developers. Usually for altcoins who have new features or developments in their technology, the altcoin price will increase.

boty

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★Bitvest.io★ Play Plinko or Invest!

yes this bitcoin movement became dominant and became a reference for all the cryptocurrency in the exchange, also because bitcoin is the most important coin of all existing cryptocurrency no one can beat bitcoin.

otunyot

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Bitcoin deserve all the success it has gotten and it's market capital is a prove that bitcoin is the only coin in Cryptocurrency that is widely used and recognized! It is important that bitcoin remain successful so that it can pull up other Cryptocurrency!

Shtamm_oval

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Quote from: idex100 on August 13, 2018, 01:05:54 PM

We are having an unusual market as the market cap continue to slide, Bitcoin dominance on the increase- currently above 52 percent,this has resulted in huge drains on the altcoins, Ethereum for example slid below 300$, This is ruining the market. Is this the new trend in the market?

This tells us only about one thing: if the cryptocurrency is accepted, then only one bitcoin. Yes, and how dominance can be removed, the number did not work, then it is necessary quality.

ukloon

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If it stays at around 50% then it's not a bad thing, it's when bitcoin goes on a mental bull run and takes up a higher level of dominance that we need to worry as the altcoins bleed out and not just the shitcoins

CPN99

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Quote from: Siti Nurbaya on December 22, 2018, 08:09:45 AM

If there is no bitcoin then altcoin doesn't exist either, bitcoin grows then the altcoin grows. If it is observed that bitcoin grows well and has value, altcoin grows and must be valuable so it does not depend on bitcoin. It's better to look ahead well than to make bad assumptions about bitcoin.

I agree with you, we better focus on the future, of course we all hope that the future of crypto will be better. we don't need to make bad assumptions. be optimistic.

Siti Nurbaya

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If there is no bitcoin then altcoin doesn't exist either, bitcoin grows then the altcoin grows. If it is observed that bitcoin grows well and has value, altcoin grows and must be valuable so it does not depend on bitcoin. It's better to look ahead well than to make bad assumptions about bitcoin.

johanesrobin

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Bitcoin has pushed various altcoins to grow and be valuable. I think bitcoin is the mother of all the coins that are on the market today. ICO grows with bitcoin and is very funny if someone says bitcoin is a destroyer

KingScorpio

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much worse than the "bitcoindominance" is the indexmafia, that controlls coinmarketcap,

it basically defines a pointless easified asymetric ranking, leading to those savages, insulting projects as "shitcoins"

indexmafia is mainly responsible for that.

Opnsrc

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Quote from: babarian on December 19, 2018, 07:58:50 AM

why should always be a bitcoin that is always blamed? I think bitcoin does dominate prices on the market, but I don't agree if bitcoin is always used as a source when something happens on the market

Really, why should some people think that Bitcoin can be the reason of the market problems? Its dominance does not affect the cryptocurrencies negatively. Vice versa, it even lets the other alts grow.

cryptomaster420

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Quote from: idex100 on August 13, 2018, 01:05:54 PM

We are having an unusual market as the market cap continue to slide, Bitcoin dominance on the increase- currently above 52 percent,this has resulted in huge drains on the altcoins, Ethereum for example slid below 300$, This is ruining the market. Is this the new trend in the market?

I disagree.
I also think that many coins are better than Bitcoin at this stage, but there's nothing more predictable than BTC keeping its throne.
As long as you keep a good portion of your portfolio in BTC you wouldn't use strong words like "ruining the market". If you can't beat them - join them.

Muhtaixa

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What is the meaning of "Ruining the market" Huh

Bitcoin is the king of this market. Of course, the dominance will be high. This is not an unexpected thing. Bitcoin always has to be superior to everything.

baskanx

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Actually low marketcap ruining the market, if there is no buyer market has to drop there is no any chance, btc ddominance is constant since few months generally it is 50-55 but marketcap is dropping continuously.

consideritdone

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Its everyone coin are priced in bitcoin
When bitcoin moves in usd all coins move in dollar
https://www.coingecko.com/en?view=all_time_high
If you look at individual coin against btc or eth, that is a different story altogtf

Partisson

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Quote from: idex100 on August 13, 2018, 01:05:54 PM

We are having an unusual market as the market cap continue to slide, Bitcoin dominance on the increase- currently above 52 percent,this has resulted in huge drains on the altcoins, Ethereum for example slid below 300$, This is ruining the market. Is this the new trend in the market?

Maybe because bitcoin is an altcoin ranking leader, so every step of bitcoin is always wrong, and if bitcoin is more valuable and reliable than most altcoins and actually it's not a trend but a market tradition with ups and downs.

bestcoins1

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Quote from: babarian on December 19, 2018, 07:58:50 AM

why should always be a bitcoin that is always blamed? I think bitcoin does dominate prices on the market, but I don't agree if bitcoin is always used as a source when something happens on the market

because bitcoin does affect market movements as the parent of all coins it does not mean blaming bitcoin, bitcoin has always been the benchmark for altcoins so the ups and downs will have an effect too.

babarian

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why should always be a bitcoin that is always blamed? I think bitcoin does dominate prices on the market, but I don't agree if bitcoin is always used as a source when something happens on the market

Topic: Bitcoin dominance ruining the market (Read 726 times)