Hi,
Bitcoin domination is under 40% and Ripple is exploding.
Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?
Cant say it for certain but for some reason it is not what you think it is. It is a matter of possibility. If it were that to happen News about it will be spread like a wildfire. Even for a small news about Bitcoin we now see it as a threat or thankful in any manner. This is a phase where Bitcoin is at a Good state this is normal going up or down is natural for Bitcoin.
Bitcoin has recovered and the price is going to $17,000. Its still up to 36.2%, although still below 40%, but there is a sign that it will continue to dominate the crypto market because the price is going up again. Ripple needs to double its marketcap to really topple bitcoin, however, the last 48 hours, the price of it is going down really fast and I think some investors are again moving to bitcoin. I can't really comprehend people thinking that bitcoin can be overthrown. It been in its existence for the last 9 years and no one has really challenge it. As for Ripple, its just another pump-and-dump coin. Once bitcoin march to $20,000, it would be really difficult for other coins to really catch up with. If there's a coin that I think that should overtook bitcoin is Ethereum, smart contracts will be the future.
That seems like a temporary upward blip. The downtrend in Bitcoin has resumed and now it's dominance is in danger of falling below 30%. It is not just Ripple, all altcoins seem to be frothing. Plus you have ICOs which keep chipping away at Bitcoin dominance slowly but steadily.
You're shit talking again.?!
"Oh Bitcoin will go down because and become worthless, useless" because of a manipulated meaningless metric?! Man I don't know what your agenda is, but you definitely have one.
95% of ICOs are scamd and will disappear. From the other 5% who may be legit, 4% will fail as startups and only 1% will survive. So I don't know what should be so interesting about ICOs who are just a quick money grab, mostly for it's initiators and people of the inner circle who help to pump that shit for a short while.
With most of the altcoins it's the same. The vast majority of them will not be known anymore in 2-3 years. Look how many coins from 2013 or 2014 are still around. Not that much I would say. This time won't be different.
The whole space has become extremely scammy and hyped. It's all about marketing to fool the newbies and make a quick buck.
Bitcoin will just do what it does since 9 years. Ignore all that crap and keep progressing. Schnoor sigs, bech32, tumblebit, Lightning Network, Atomic Swaps, sidechains, MAST. This all is coming within the next 12-24 months. Bitcoin's fundamentals are looking good and when those features get implemented one after another there will be less and less need for shitcoins, except gambling and pump and dump of course.