Bitcoin dominance ruining the market - page 2.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: disconnectme on December 19, 2018, 07:42:43 AM

Why is it that some people are bent on blaming Bitcoin for every price dump, for me by now some projects should have started releasing a sound platform to the space, but what do we see, almost a deserted platform with absolutely no user, is it BTC that causes this. Another question I will ask you is if you prefer holding any other ALtcoins to Bitcoin

the main reason why they blame bitcoin is because they invested alot on it and their expectations were so high . they only think about the profit , they only think about the pump but they dont consider the risk that surrounds on it . other reason that i can think of is that they invested alot of thier capital in altcoins or any other cryptos and if they loose , they will put thier blame on bitcoin because bitcoin itself is the base of all cryptos .

however , the dominance of bitcoin is not bad but it is good actually since it can boost the value of all cryptocurrencies . this is just strange to accuse this one .

disconnectme

hero member

Activity: 1876

Merit: 512

Why is it that some people are bent on blaming Bitcoin for every price dump, for me by now some projects should have started releasing a sound platform to the space, but what do we see, almost a deserted platform with absolutely no user, is it BTC that causes this. Another question I will ask you is if you prefer holding any other ALtcoins to Bitcoin

arpon11

sr. member

Activity: 882

Merit: 282

I have seeing that happening and bitcoin is established forever dominant in the market. If bitcoin is falling it do pull other coins along and vice-versa which is not good for the market. Cryptocurrencies recovering is henging on bitcoin and if bitcoin recovered all of them are going to recover and if it falls all of them are going to fall. No one can stand alone. However this is really affecting the market as we have other that are technologically better than bitcoin but there could not come up because of this dominance.

AltcoinsBattle

member

Activity: 537

Merit: 12

BTC is an integral component of the market. Altcoins - the differential component. And in general, and in a mathematical sense. Now, one without the other will not. Without altcoins, there will be no market and cryptocurrency industry. Without bitcoin, the market will be different, as there will be new leader.

clololck

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Activity: 459

Merit: 10

Lol, if there is no Bitcoin preserved cryptocurrency market has collapsed, Bitcoin is the only weather vane that can keep cryptocurrency prices stable. Bitcoin prices are linked to the entire cryptocurrency market, so you shouldn’t hate bitcoin, which is the most Good coin.

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

Bitcoin acts like the dollar in the crypto market, so if it collapses the whole markets will be affected. If someone wants to take advantage on the market they must destroy bitcoin first and the rest of the coins are collateral damage.

imToken

member

Activity: 392

Merit: 14

This is the wrong view.
The abuse of ICO and altcoin is the chief culprit in the sharp depreciation of cryptocurrencies. The government hates cryptocurrencies because the current cryptocurrency market is not futuristic. It is full of scammers, so the government will suppress the cryptocurrency market.

wxxyrqa

full member

Activity: 1330

Merit: 121

Quote from: Abeleez on December 06, 2018, 05:37:06 AM

I used to discard as false the narrative about bad actors being behind the scene and manipulating the Bitcoin market but my position has since shifted. The performance of Bitcoin as the dominant coin has been terrible from the beginning of the year to now.

The fact is that if you take into account the past years, then the results of the price of ethereum in 2017 played a big role advertising cryptocurrency, and in particular Bitcoin. Perhaps the new realized What is the value of cryptocurrency, and which projects will have much better prospects and strong positions in the cryptocurrency market in relation to Bitcoin.

Abeleez

newbie

Activity: 252

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I used to discard as false the narrative about bad actors being behind the scene and manipulating the Bitcoin market but my position has since shifted. The performance of Bitcoin as the dominant coin has been terrible from the beginning of the year to now.

AwoCorporation

member

Activity: 296

Merit: 10

We can't look at it as the destruction of the market, because the fact of domination in the market is very strong bitcoin against altcoin, we can not say anything, the reality as it is. If we want to see a good market we must make good on the market being bitcoin, then altcoin will be at the top of the market.

Yaddady

jr. member

Activity: 112

Merit: 1

The term "Bitcoin dominance" is made possible participants in the market have enabled it. When the market gets hit, people sell their alts in exchange for Bitcoin. This further increases the dominance of BTC as people see it to be more stable than most others coins out there.

The same BTC dominance you feel is ruining the market is what alts feed on. When Bitcoin increases in price or enjoys a price surge like it did in 2017, altcoins benefit alongside. This is why most alts attained their ATHs 2017, it wasn't necessarily because of their fantastic, but because the market is very liquid and BTC was the driving force. Heck, even shitcoins were mooning too

chenhaonan

member

Activity: 434

Merit: 10

I disagree with this view. The dominant bitcoin is an important factor in market stability. Without Bitcoin, the entire cryptocurrency will disappear, otherwise the cryptocurrency will be zero. What really affects the development of cryptocurrencies is the abuse of ICO projects and the abuse of altcoins.

cryptonx

sr. member

Activity: 1176

Merit: 252

Futurov

Quote from: idex100 on August 13, 2018, 02:05:54 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?

if you look at the coinmarket capitalizations of crypto this is not a unusual market my friend
bitcoin will always dominate the marketcap because bitcoin is the king of crypto,,
and soon or later a lot of altcoins will be dead, only great alt with active development will be survive my friend

tenebriscaelum

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Activity: 462

Merit: 11

Quote from: pitiflin on August 13, 2018, 07:50:39 PM

Quote from: theymos on August 10, 2018, 10:27:19 PM

Altcoins have always on the whole followed the BTC price but with higher variance. So if you bought a basket of altcoins, I'd expect it to behave similarly to a leveraged BTC position; when BTC rises, altcoins rise more and the BTC dominance decreases, and when BTC falls, altcoins fall more and the BTC dominance increases.

Read this first.^

And sometimes, market cap is just meant to ignored, and you're ought to focus on how to profit, even in a bearish market. Because one man's loss is another man's profit.(pretty sure I ripped off this saying)

Quote from: o_e_l_e_o on August 13, 2018, 07:43:28 PM

Bitcoin isn't making the altcoins slide. The fact that most altcoins are scams or trash is what is making altcoins slide. Most altcoins don't even have a working product - they aren't worth a thousand dollars, let alone the millions or even billions some of them are valued at.

Bitcoin isn't making the altcoins slide, true but the existence is. People obviously prefer bitcoin to altcoins, so when markets crash, they panic sell everything to bitcoin, "to be on the safer side".

Both staments are true as people tend to overreact if the market suddenly crash, but long time users and enthusiast know that even in the highs and lows of any market what an individual need to do is to focus how to make a profit for him self other than sulking on the status of it.

Also for people who sells alcoins to bitcoin is very much understandable as bitcoin is already established and is much more trusted which can be compared to USD in the stock or forex market which is widely used for transactions.

Nowherman

member

Activity: 378

Merit: 10

Bitcoin dominates the crypto market because it has proven its reliability and viability throughout its existence. At the same time, I would not discount altcoins. Despite the fact that they have fallen in price substantially, altcoins are capable of much growth. The current situation in the crypto market reminds me of year 2000, when shares of innovative at that time IT companies also sharply fell in price. For example, Amazon shares in that year fell to $ 2, and now their value is about $ 1,500. I am sure that the crypto market will not collapse, and in 3-5 years the price of the BTC will be $ 100,000.

Garenjohnnytre

newbie

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Bitcoin dominance — bitcoin's share of the total cryptocurrency market capitalization — has been in freefall in the second half of this month after hitting year-to-date highs.

ImHash

hero member

Activity: 924

Merit: 506

It creates markets, Don't be stupid about this, Without bitcoin and it's dominance over the whole cryptocurrencies there is no market, You don't go to exchanges asking for fiat in exchange of your altcoins, You go to exchanges asking for bitcoin.
Which one of the altcoins has fiat volume like bitcoin?

Rustamm

member

Activity: 532

Merit: 18

Bitcoin lover!

Quote from: idex100 on August 13, 2018, 02:05:54 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?

It can not be said that the price dominance of bitcoins is destroyed by the market. The market of the crypto currency is simply not mature, it is not free in price and so far it is only developing. Capitalization bitkoin sooner or later vseravno drop and the crypto currency will then develop freely. Everything has its time.

billygarrison

newbie

Activity: 112

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Quote from: idex100 on August 13, 2018, 02:05:54 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 is normal, don't be afraid to buy bitcoin and other altcoins on the market, buy now and wait for the miracle to come to you in the next few months Wink

Ozero

full member

Activity: 2142

Merit: 183

Quote from: o_e_l_e_o on August 13, 2018, 07:43:28 PM

Bitcoin isn't making the altcoins slide. The fact that most altcoins are scams or trash is what is making altcoins slide. Most altcoins don't even have a working product - they aren't worth a thousand dollars, let alone the millions or even billions some of them are valued at.

A significant part of altcoyins are tokens and it is in them that there are working products. They really make our life easier in various branches of our economy. And what is the working product of bitcoin? In the market we need all kinds of crypto-alaite. Of course, a lot has been and will be useless coins and tokens. However, it is the business of the market to leave them or not. This is a natural selection and it should happen without our intervention.

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