Topic: Bitcoin & Ethereum Dominance (Read 187 times)
Sorry, the cap will rise. Do u know the GBI? If u are lucky, the return of investing the alts is much higher than Bitcoin and Ethereum.
If you see the one day change, the entire market is following the same trend with bitcoin and ethereum having the same market share. Is it worth to invest in altcoins anymore, since no matter which altcoin may rise or lose, it ultimately depends upon bitcoin and ethereum only.
I have also mentioned that when Bitcoin and Ethereum start to grow, the other altcoins gain. When these two main cryptocurrencies are down, the whole market starts to fall. ETH and BTC really rule.
I would love to see more pairs in the future for trading with some nice altcoins.Maybe situation will change with btc than but
for now we all know and cant wait for btc to grow but we still like alts
for now we all know and cant wait for btc to grow but we still like alts
It all depends on how hard the developers or the team work to keep the project active and in the market. Looking at the current trend altcoins have a really good future, but if they want to sustain it the people behind the creation of these coins have to put the effort to make the coin survive in the market by constantly upgrading the tech and continuously marketing them.
For now the status quo will remain because of the popularity command by these two coins. Bitcoin is leading, followed by Ethereum. The other coins like LTC, DOGE and Ripples are also coming up but will be too long to be there.
I kind of cannot get your entire logic here. But I think you mean to say that before having some altcoins, you are somehow compelled to buy some Bitcoin or Ethereum because there is no or very few sites in which you can directly buy altcoins with fiat. That is correct. But you do not have to worry about Bitcoin or Ethereum possibly drained out because they are only acting as a middle ground so to speak. Meaning to say, they will also be sold out in exchange of another coin. This is indeed advantageous to Bitcoin and Ethereum though. However, as we progress we expect more altcoins to be offered in fiat.
it can not be denied that bitcoin and ethereum are a suitable combination to dominate the market. because if I trade, I always change my alt to BTC or ETH, this is more profitable, than to trade directly into USD.
All cryptocurrency have connection to each other, if bitcoin go down 70% in one night all mf cryptocurrency will go down to. Cause almost all currency backed in bitcoin.
Eth and BTC has its own advantage, but most of the time the price of the BTC will affect the price of the eth, unless the market better, ico requires a lot of the eth, will lead to a sustained rise in the price of the eth.
Your logic is wrong. First of all as we recently seen if BTC and ETH are dipin then altcoins are probably rushing down even faster.
There always will be enough BTC for exchanging it into altcoins. Decrease of the market cap means decreasing of the demand on those coins while on your logic 50% decrease means erasing half of the coins (which is not true). Volume is playing more important role when you are trying to exchange coins.
There always will be enough BTC for exchanging it into altcoins. Decrease of the market cap means decreasing of the demand on those coins while on your logic 50% decrease means erasing half of the coins (which is not true). Volume is playing more important role when you are trying to exchange coins.
If we assume that the market cap is same and people are not selling off their bitcoins or ethereum to fiat, doesn't it seem to be a possibilty. if anyone wants to buy altcoins, there won't be enough bitcoins to sustain the continous buying of altcoins.
Maybe i am wrong but i can wrap my head around the math for it as to how in the near future we might see altcoin marketcap as 80 percent and the bitcoin and ethereum combined as 20 percent without seeing any fiat pairings or another altcoin pairing.
Your logic is wrong. First of all as we recently seen if BTC and ETH are dipin then altcoins are probably rushing down even faster.
There always will be enough BTC for exchanging it into altcoins. Decrease of the market cap means decreasing of the demand on those coins while on your logic 50% decrease means erasing half of the coins (which is not true). Volume is playing more important role when you are trying to exchange coins.
There always will be enough BTC for exchanging it into altcoins. Decrease of the market cap means decreasing of the demand on those coins while on your logic 50% decrease means erasing half of the coins (which is not true). Volume is playing more important role when you are trying to exchange coins.
Yes
The rise and fall seems sinusodial; the first time bitcoin fell, there was increase in butcoinvcash, etherum, litecoin and other altcoins, funny enough during the deep fall of btc, some altcoins fell even deeper, like doge etn and rebellion
I think the best way to deal is, buy altcoin, once it hits an exchange, sell on a high, relax, then once it falls buy again
That way the dominance of bitcoin and etherum will have no interference with your involvement in altcoin
The rise and fall seems sinusodial; the first time bitcoin fell, there was increase in butcoinvcash, etherum, litecoin and other altcoins, funny enough during the deep fall of btc, some altcoins fell even deeper, like doge etn and rebellion
I think the best way to deal is, buy altcoin, once it hits an exchange, sell on a high, relax, then once it falls buy again
That way the dominance of bitcoin and etherum will have no interference with your involvement in altcoin
Bitcoin rose so because he was the first. And the ethereum quickly caught up with him. Undoubtedly they are leaders, but they are not the only ones. Everything can change very quickly.
Yes but we aren't seeing any more pairs being added or any hint of it being done so anytime soon!
Bitcoin rose so because he was the first. And the ethereum quickly caught up with him. Undoubtedly they are leaders, but they are not the only ones. Everything can change very quickly.
Since the inception of alts the crypto dominants like bitcoin & ethereum are the ones preferred across this technology to attract investors with very least preference to other currencies, with more and more ico's mushrooming weekly and value of top coins are growing now all are welcoming other coins often, decentralisation of dominants happen only when exchanges starts to come up with more pairs like LTC/NEO or exchanges like binance have their own coin BNB can somehow minimise the market dominance and its volatality
If you see the one day change, the entire market is following the same trend with bitcoin and ethereum having the same market share. Is it worth to invest in altcoins anymore, since no matter which altcoin may rise or lose, it ultimately depends upon bitcoin and ethereum only.
Right now bitcoin and ethereum together command a 55 percent market cap dominance and all the remaining altcoins take the other 45 percent. Basically, in order to buy any altcoin you have to buy either bitcoin or ethereum first and then buy your favourite altcoin. If the dominance of bitcoin decreases initially because people are moving into altcoins, it won't be able to sustain and thus altcoins will again drop leading to bitcoin and ethereum dominance improving. So with this it is simply waste to invest in altcoins because if anyone buys altcoins it will be through by buying bitcoin first or ethereum and hence buying bitcoin or ethereum will be giving better returns as more and more altcoins come in the market.
For example: Total market cap = 400 billion
BTC = 140
ETH = 60
All others collectively 200
If BTC and ethereum goes down by 50 percent each say 70 & 30 effectively, other altcoin go up by 100 so 300 total, there wont be enough btc or ethereum to sustain the buying of altcoins leading to fall of altcoins till the btc and ethereum are enough in quantity to sustain it.
what are your views on this dilemma? Positive, negative views all are welcome!
For example: Total market cap = 400 billion
BTC = 140
ETH = 60
All others collectively 200
If BTC and ethereum goes down by 50 percent each say 70 & 30 effectively, other altcoin go up by 100 so 300 total, there wont be enough btc or ethereum to sustain the buying of altcoins leading to fall of altcoins till the btc and ethereum are enough in quantity to sustain it.
what are your views on this dilemma? Positive, negative views all are welcome!
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