Topic: Bitcoin dominance - where do you expact it? (Read 358 times)
Bitcoin dominance will continue and is here to stay because it has been the brand of cryptocurrency itself. For price, it could hit another ATH around $50k if the bullish trend continues. Predictions vary and it could or could not happen. In crypto world, you must anticipate every possibilities and have a ready decision whenever it happens. What's important in investment is sticking to your own strategy in achieving your own goal, just use others' guidance when it's applicable to you.
Bitcoin dominance is prediction. No one knows exactly what will be the right date, so allow me to say the prediction could be a prediction and sometimes can lead to mislead. Better have prediction but don't rely to prediction coz it is predication "" sure"" or "" not sure"".
Prediction based on facts and figures and overall global economy can help you make a estimation regarding which way or how the markets could rise or fall. But yes those are just an estimates and may not be 100% correct but yes anything if you can reach as close to it is your target to achieve your goal.
The only scenario I see where bitcoin dominance increases over the long term is one where there is a big fall across the whole market. Long term (years) it's hard to think that bitcoin will have a dominance of more than 10%. It is one coin against over one thousand, it's just not feasible that bitcoin can retain its dominance. With every new ICO bitcoin dominance falls just a little bit more.
What the hell I'm reading here...
So bitcoin dominance will be knocked down to 10% in the future and this because of the hundreds of ICOs happening...
User eminemcookie actually brought up a very good point, which if the trend continues, it at some point might become reality that Bitcoin's market cap dominance (which is a nonsense measuring stick IMO) will drop below 10%. It's just one coin versus soon to be more than 2000 coins, and exactly here is where the quantity takes over the quality of a certain coin. Good thing is that it doesn't mean anything, because even if Bitcoin's market cap dominance drops below 5%, it's still meaningless -- the only thing that matters is the actual usage and the capital that's flowing through Bitcoin's ecosystem. I can't see any coin come even close to Bitcoin in that aspect, and especially so with off-chain scaling applications allowing people to tackle Bitcoin's on-chain limitations. People for once just need to stop looking at market cap dominance -- the only thing that actually matters is market share.
I also believe that marketcap is irrelevant, and I've always said it's one of the things that trick newbies into buying shitcoins.
But, if we talk about BTC going below 10%, at this point it will probably mean some coin will surpass it and even if not, that the amount poured into ICOs would reach levels of....pure stupidity.
You can fake a few millions of market cap, you can even fake a few billions, but not a trillion!!!!
Even if we consider bitcoin to remain at this level, the global market cap would have to grow with 1.4 trillion as we speak, and all of them in altcoins.
If BTC would reach 20k again , the number will just double to close to 3 trillions.
No, if this happens I will probably really lose even more faith in the human race. I wonder if I still have some left....
Bitcoin dominance is prediction. No one knows exactly what will be the right date, so allow me to say the prediction could be a prediction and sometimes can lead to mislead. Better have prediction but don't rely to prediction coz it is predication "" sure"" or "" not sure"".
The only scenario I see where bitcoin dominance increases over the long term is one where there is a big fall across the whole market. Long term (years) it's hard to think that bitcoin will have a dominance of more than 10%. It is one coin against over one thousand, it's just not feasible that bitcoin can retain its dominance. With every new ICO bitcoin dominance falls just a little bit more.
What the hell I'm reading here...
So bitcoin dominance will be knocked down to 10% in the future and this because of the hundreds of ICOs happening...
User eminemcookie actually brought up a very good point, which if the trend continues, it at some point might become reality that Bitcoin's market cap dominance (which is a nonsense measuring stick IMO) will drop below 10%. It's just one coin versus soon to be more than 2000 coins, and exactly here is where the quantity takes over the quality of a certain coin. Good thing is that it doesn't mean anything, because even if Bitcoin's market cap dominance drops below 5%, it's still meaningless -- the only thing that matters is the actual usage and the capital that's flowing through Bitcoin's ecosystem. I can't see any coin come even close to Bitcoin in that aspect, and especially so with off-chain scaling applications allowing people to tackle Bitcoin's on-chain limitations. People for once just need to stop looking at market cap dominance -- the only thing that actually matters is market share.
When it comes to bitcoin I always look not the price or dominance in terms of numbers but in the position as priority of each an every investors mind. You can tell by every words and the way they defend it and that’s good enough for me. I’m a hardcore bitcoin user in my own way and even what we experienced right now will not change anything, it’s more of personal and emotional attachment rather than money matters.
The only scenario I see where bitcoin dominance increases over the long term is one where there is a big fall across the whole market. Long term (years) it's hard to think that bitcoin will have a dominance of more than 10%. It is one coin against over one thousand, it's just not feasible that bitcoin can retain its dominance. With every new ICO bitcoin dominance falls just a little bit more.
What the hell I'm reading here...
So bitcoin dominance will be knocked down to 10% in the future and this because of the hundreds of ICOs happening...
Let me tell tell you my prediction also...
When the whole nonsense with building a chain and a token for every conceivable thing in this world, from tokens that deal in skincare, recycling used tampons, counting calories in eucalyptus leaves and tagging the koala population will finally end there will be no ICO coins or token with more than 1% market share.
If there is indeed one coin that will challenge its domination, it's not going to be a coin launched by a company via a sale.
Not some premined centralized shitcoin.
The only scenario I see where bitcoin dominance increases over the long term is one where there is a big fall across the whole market. Long term (years) it's hard to think that bitcoin will have a dominance of more than 10%. It is one coin against over one thousand, it's just not feasible that bitcoin can retain its dominance. With every new ICO bitcoin dominance falls just a little bit more.
I was talking about the short-medium term.
If we're talking long term then I honestly can't see anything but bitcoin dominance going up. Sooner or later people are going to realise that we only need a peer to peer electronic cash system with no middlemen and that's exactly what bitcoin offers.
Right now, people are getting hyped over ICOs with unnecessary features. When this craze dies off, bitcoin dominance will naturally go up.
Long term, 70-80% should be an average for BTC dominance honestly. Can't see it staying under 50% in the long run.
Short-medium term I would expect it to head back to around 50% in the coming months. Alts are sliding and bitcoin is recovering, it only lost a lot of its dominance because of the crazy alt run in December/January.
Long term we'll have to agree to disagree, while I think many will realise what you pointed out, I do feel at the same time that there will still be a large amount of other projects that enjoy good success and in the 1 versus many battle the many will win out.
The only scenario I see where bitcoin dominance increases over the long term is one where there is a big fall across the whole market. Long term (years) it's hard to think that bitcoin will have a dominance of more than 10%. It is one coin against over one thousand, it's just not feasible that bitcoin can retain its dominance. With every new ICO bitcoin dominance falls just a little bit more.
I was talking about the short-medium term.
If we're talking long term then I honestly can't see anything but bitcoin dominance going up. Sooner or later people are going to realise that we only need a peer to peer electronic cash system with no middlemen and that's exactly what bitcoin offers.
Right now, people are getting hyped over ICOs with unnecessary features. When this craze dies off, bitcoin dominance will naturally go up.
Long term, 70-80% should be an average for BTC dominance honestly. Can't see it staying under 50% in the long run.
Bitcoin dominance has been swinging between around 30-80% in the last year or so. As the market matures and more serious competitors rise and gain serious traction, market dominance will probably keep reducing in time. Just see what Ether and ripple take away from the dominance.
It's not really a bad thing though, as long as it stays the biggest coin by some margin, I don't see bitcoin failing because it has lower market dominance.
It's not really a bad thing though, as long as it stays the biggest coin by some margin, I don't see bitcoin failing because it has lower market dominance.
We can see from the different threads here about Ethereum and Ripple,
people asking if they are the ones to topple Bitcoin,
funds are flowing into these instead of bitcoin and out of bitcoin
also to many many other very popular coins and yet more to come over the year and beyond so market share will most likely reduce.
The main thing is that Bitcoin stays No.1
That was long time ago. Around June of last year, Ethereum suddenly surges in prices and push to all-time-highs that's why a lot of its advocates though that a "Flippening" could happen. It never did.
Same as Ripple, Just last month alone Ripple also become the #2 coins, overtaking Ethereum and fan boys quickly says its gonna chase Bitcoin. The "Rippening" also failed.
With that said, I don't think that there will be a coin so strong to overcome Bitcoin's dominance. It already established itself and I don't think that they can easily push it back on the sideline. Too much money invested already and I doubt whales will allow bitcoin to get the #2 spot.
When you come into the market bitcoin should be dominating others coins in a high percentage but Now that many coins and tokens are coming into the market daily you should now expect the percentage to reduce. I think the more coins that comes into the market the more bitcoin's dominant reduce.
Bitcoin dominance has been swinging between around 30-80% in the last year or so. As the market matures and more serious competitors rise and gain serious traction, market dominance will probably keep reducing in time. Just see what Ether and ripple take away from the dominance.
It's not really a bad thing though, as long as it stays the biggest coin by some margin, I don't see bitcoin failing because it has lower market dominance.
It's not really a bad thing though, as long as it stays the biggest coin by some margin, I don't see bitcoin failing because it has lower market dominance.
We can see from the different threads here about Ethereum and Ripple,
people asking if they are the ones to topple Bitcoin,
funds are flowing into these instead of bitcoin and out of bitcoin
also to many many other very popular coins and yet more to come over the year and beyond so market share will most likely reduce.
The main thing is that Bitcoin stays No.1
Hi.
I am quite new. But i really love this forum!
Great job to everybody.
Many people are measuring there money in their fiat, lets say doller, euro etc.
But the main thing here is,... beating the market. Means for me, trying to make more bitcoins with investing / trading whatever in compare to bitcoin.
So when I entered the market the bitcoin dominance was around 60%
Now we have around 36% market dominance.
Where is your prediction for this summer / end of the year,... and in the near future?
I am quite new. But i really love this forum!
Great job to everybody.
Many people are measuring there money in their fiat, lets say doller, euro etc.
But the main thing here is,... beating the market. Means for me, trying to make more bitcoins with investing / trading whatever in compare to bitcoin.
So when I entered the market the bitcoin dominance was around 60%
Now we have around 36% market dominance.
Where is your prediction for this summer / end of the year,... and in the near future?
If bitcoin goes into steady growth, then I think that bitcoin dominance will stay where it is approximately or even drop a bit. This is because alts seem to benefit from the steady growth of bitcoin, generally, and bitcoin is just going up slowly while they skyrocket. If bitcoin skyrockets in value, to another all time high, then things could turn out differently. I expect bitcoin dominance to return to around 45% if that happens.
If we enter crypto winter, then we could see bitcoin dominance increase to 50-60% once again. People put more confidence in BTC than alts so BTC's fall will be a lot less than alts in general.
Any of these scenarios I think the most likely conclusion we can draw is that we're nearing the bottom for bitcoin dominance. Can't see it go under 30%.
The only scenario I see where bitcoin dominance increases over the long term is one where there is a big fall across the whole market. Long term (years) it's hard to think that bitcoin will have a dominance of more than 10%. It is one coin against over one thousand, it's just not feasible that bitcoin can retain its dominance. With every new ICO bitcoin dominance falls just a little bit more.
I suspect Bitcoin will continue to gradually lose market dominance over time, but as long as the size of the pie keeps increasing that doesn't matter too much. It's also good to have more variety in this market.
Bitcoin is the first cryptocoin, but it's not the best in terms of functionality, so eventually it will lose its top position to one or more altcoins that simply do the job better.
The million dollar question: which coins will be the ones who kick Bitcoin out of its top position?
Bitcoin is the first cryptocoin, but it's not the best in terms of functionality, so eventually it will lose its top position to one or more altcoins that simply do the job better.
The million dollar question: which coins will be the ones who kick Bitcoin out of its top position?
I am sure BTC will demonstrate its dominance for several years more (at least). It will continue until the time, when people still show their faith into Bitcoin.
Hi.
I am quite new. But i really love this forum!
Great job to everybody.
Many people are measuring there money in their fiat, lets say doller, euro etc.
But the main thing here is,... beating the market. Means for me, trying to make more bitcoins with investing / trading whatever in compare to bitcoin.
So when I entered the market the bitcoin dominance was around 60%
Now we have around 36% market dominance.
Where is your prediction for this summer / end of the year,... and in the near future?
I am quite new. But i really love this forum!
Great job to everybody.
Many people are measuring there money in their fiat, lets say doller, euro etc.
But the main thing here is,... beating the market. Means for me, trying to make more bitcoins with investing / trading whatever in compare to bitcoin.
So when I entered the market the bitcoin dominance was around 60%
Now we have around 36% market dominance.
Where is your prediction for this summer / end of the year,... and in the near future?
If bitcoin goes into steady growth, then I think that bitcoin dominance will stay where it is approximately or even drop a bit. This is because alts seem to benefit from the steady growth of bitcoin, generally, and bitcoin is just going up slowly while they skyrocket. If bitcoin skyrockets in value, to another all time high, then things could turn out differently. I expect bitcoin dominance to return to around 45% if that happens.
If we enter crypto winter, then we could see bitcoin dominance increase to 50-60% once again. People put more confidence in BTC than alts so BTC's fall will be a lot less than alts in general.
Any of these scenarios I think the most likely conclusion we can draw is that we're nearing the bottom for bitcoin dominance. Can't see it go under 30%.
So when I entered the market the bitcoin dominance was around 60%
Now we have around 36% market dominance.
Now we have around 36% market dominance.
Who cares?
Dominance, marketcap, statistics that serve no real purpose.
When Bitcoin was going down, none of the altcoins no matter how revolutionary the shills claimed to be was doing any better.
During the last drop, bitcoin actually "performed" better than the altcoin market by 2% if we refer to market cap.
Is there any coin that can drag the entire market in one direction besides BTC ? No!
I must quote myself on this.
Seems like during a bear market the truth slowly comes to light.
Quote
BTC Dominance: 38.6%
2.6% in less than a week can only mean one thing, "In BTC we trust!!!"
Prediction for this summer is that Bitcoin will slump down to 25% but then by years end surge and have over 50% dominance again. I also think it might be the last time we see over 50% dominance ever for any coin including Bitcoin but that prediction is a bit more out there.
it really meaningless to me, to start looking at bitcoin vs altcoins total market-cap to see which and what coin is dominating, when will know fulling well that marketcap is mainly based on manipulations. and if i may ask what advantage does Total Market Cap gives to cryptocurrency that No #1?
and do not forget that almost all atcoins are paired with bitcoin which includes ETH, i.e any thing that happens to bitcoin affect them also, as bitcoin rise in value they rise as well.
and do not forget that almost all atcoins are paired with bitcoin which includes ETH, i.e any thing that happens to bitcoin affect them also, as bitcoin rise in value they rise as well.
Hi.
I am quite new. But i really love this forum!
Great job to everybody.
Many people are measuring there money in their fiat, lets say doller, euro etc.
But the main thing here is,... beating the market. Means for me, trying to make more bitcoins with investing / trading whatever in compare to bitcoin.
So when I entered the market the bitcoin dominance was around 60%
Now we have around 36% market dominance.
Where is your prediction for this summer / end of the year,... and in the near future?
Honestly I don't want to have a prediction on this one because I really don't pay that much attention about the market capitalization and Bitcoin dominance because those are useless. Any cryptocurrency can surpass Bitcoin market capitalization specially those coins with huge supply if that coin will have huge volume, but that doesn't mean that those coins will become a better one if they surpass Bitcoin market cap. And who cares about the dominance thing? there are lots of altcoin coming out that is why the dominance of Bitcoin have dropped a lot in percentage, and every time that there are huge pump in some altcoins of course dominance will also drop. But it doesn't have any meaning. I am quite new. But i really love this forum!
Great job to everybody.
Many people are measuring there money in their fiat, lets say doller, euro etc.
But the main thing here is,... beating the market. Means for me, trying to make more bitcoins with investing / trading whatever in compare to bitcoin.
So when I entered the market the bitcoin dominance was around 60%
Now we have around 36% market dominance.
Where is your prediction for this summer / end of the year,... and in the near future?
So when I entered the market the bitcoin dominance was around 60%
Now we have around 36% market dominance.
Now we have around 36% market dominance.
Who cares?
Dominance, marketcap, statistics that serve no real purpose.
When Bitcoin was going down, none of the altcoins no matter how revolutionary the shills claimed to be was doing any better.
During the last drop, bitcoin actually "performed" better than the altcoin market by 2% if we refer to market cap.
Is there any coin that can drag the entire market in one direction besides BTC ? No!
If we talk about real dominance, let's talk about real world usage.
How many bitcoin atms are there and how many stellar or cardano atms?
How many shops accept bitcoin and bitcoin only and how many only one altcoin?
Exactly, you need to consider that more and more coins are coming in the market which dillutes the market dominamce of bitcoin thay is if we are talking about the market cap. You know why bitcoin is king regardless of what the statistics say just notice how altcoins are affected when bitcoin prices are going down or going up. That is dominance, the influence of bitcoin can be felt on all the market.
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