Bitcoin has 54% of the cryptocurrency market - page 2.

digitalcryptocoin

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Quote from: franky1 on October 27, 2018, 02:01:48 PM

bitcoin does not have 54% of the market.

the market cap number is meaningless
i can create an altcoin of 1 trillion coins and sell just a single coin for $5. giving the alt a market cap of $5trillion

this does not mean i have majority market because my cap surpasses bitcoin by more than 10x

by this i mean it doesnt mean my explanation make bitcoin any more or less important. it means making claims by using market cap are meaningless

EG
if i stood at a road junction and slapped on pro trump bumper stickers to random cars. does that mean suddenly there are now more trump supporters simply because a poll counts bumper stickers?

I agree as marketcap statistics are approximate not actual, as it may vary by volume increase or decrease. But still Bitcoin is prime/master coin among crypto market. Increasing dominance of BTC surely kick out dump altcoins, but at the same time if dominance of BTC shows lower numbers, it means that altcoins are creating share in whole coinmarketcap, which indirectly increase value of BTC.

Sacredvineofspirits

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Is there going to be Nov 5 SEC ETF approval?

bummm

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Quote from: ?? on ??

it's only natural that bitcoin dominates the market, reaching 54%, we know that bitcoin will still continue to be one of the best coins today. so I think bitcoin will continue to be one of the most influential coins on cryptocurrency.

The percentage of its dominance has been changing but slightly. Before, this movement was different. I remember (if I am not mistaken) that in 2017 it was about 37%.

Schirer

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It has been the strongest and will be the strongest i dont know what one could find so surising there.
but regarding the btc market dominance i red in several articles that 57% should be the magical number when alts should start a bull run. But this is just speculation and i dont know why this is.

virtfund

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When we are in such a bear market, most of us prefer to stay on BTC instead of altcoins. Although some of altcoins have high potential to buy people hesitate.

zitbau

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I agree with your conclusion. Bitcoin is the most powerful virtual currency in the world of electronic money right now and at this price. At this time there are many different altcoin but the value of altcoin is always fluctuating and development depends on bitcoin. Many investors are focusing their capital to invest in bitcoin instead of investing in altcoin.

franky1

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bitcoin does not have 54% of the market.

the market cap number is meaningless
i can create an altcoin of 1 trillion coins and sell just a single coin for $5. giving the alt a market cap of $5trillion

this does not mean i have majority market because my cap surpasses bitcoin by more than 10x

by this i mean it doesnt mean my explanation make bitcoin any more or less important. it means making claims by using market cap are meaningless

EG
if i stood at a road junction and slapped on pro trump bumper stickers to random cars. does that mean suddenly there are now more trump supporters simply because a poll counts bumper stickers?

Findingnemo

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Bitcoin = Financial freedom

There maybe two reason why the bitcoin dominance level leep increasing that is either the bitcoin is considered by the most powerful crypto currency by the investors so the people were investing on bitcoins more or the other reason maybe the people thinks that the altcoins were not worth to invest.

ubercool

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People know about cryptocurrencies mainly because of Bitcoin and the most easy coin to buy is Bitcoin so obviously new investors get into crypto through Bitcoin. This is accumulation time so Bitcoin's dominance is high, when we see a bull run, we can expect all the alts to go green.

Bytem3

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Bitcoin was the first cryptocurrency and most people trust it. I don't see it changing anytime soon.

mlsbd

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Quote from: vy99 on August 15, 2018, 10:46:12 AM

For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency.

Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/

From last year to 2018 until there are no big difference BTC dominant in cryptocurrency. 54% stable majority of days now it's something down 53.7%
I don't think it's down for reducing btc price.

jupppo

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Yeh, the level of domination is too high. I think that bitcoin will be in top for a very long time. If people stop using it like a currency, it will be like an undex of all crypto market at all.

bitcoincitr

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Since its creation, BTC is leader of the market and it is not an easy task for one of altcoins to take its position. Investors prefer to use bitcoin when compared with other altcoins. The reason for having such a huge percentage of the volume for bitcoin is many peoples' trust.

H1N1

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Quote from: vy99 on August 15, 2018, 10:46:12 AM

For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency.

Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/

Because the users of bitcoin is very massive, no wonder bitcoin has the dominance of cryptocurrency market.
i think with the condition of the cryptocurrency market for now, more peoples will using bitcoin because the value is more stable than other coins.
That's why the dominance of bitcoin continues now.

H1N1

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Quote from: vy99 on August 15, 2018, 10:46:12 AM

For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency.

Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/

Well yes, bitcoin is have the dominance in the market for long time. It is because bitcoin is the main coin in cryptocurrency.
Peoples using bitcoin more than other altcoins, so the dominance of bitcoin is normal for me.
The volume of bitcoin is because many peoples already trust bitcoin and using it.

eashikde

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Yes, indeed it is true, compared to other coins, Bitcoin does not sag much, and therefore its ratio in the market has slightly increased. It is the main currency and therefore people invest in it and expect explosive growth like in January 2018.

ruybanoya

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btc is dominance of crypto. because btc is good.

Deallove9

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That is to tell that we are still in right track of the market has Bitcoin still have more than 50% of the market cap which shows that market is balance and the bull run will regulation both alts and btc when next it's comes.

Inkdatar

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Quote from: WebTera on October 26, 2018, 09:27:33 AM

Even today, when so many cryptocurrencies are created and continue to be created, none of these coins can simply overtake bitcoin. It was created first, holds the position of leader and has remained so for 10 years. And I hope that it will always remain so, which is quite real.

As we can see bitcoin has dominance until this year and even in the future I think it will continue. Bitcoin will not overtake by other crypto throughout these years. And I can sees bitcoin future would be good and gradually growth will happen.

ishinn99

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BitHostCoin.io

Quote from: Urbinklin on October 26, 2018, 09:13:53 AM

And I think it's not surprising. Cryptocurrency is developing at a huge pace, everyone can now create their own crypto-coin. But despite this, bitcoin still remains the dominant on market. And I think that this will remain for a very long time, and maybe always.

Yeah, bitcoin will still be the number 1 crypto coin and I think no coins can beat it now and for the next more years. Even though so many potential altcoins are created they cannot reach btc price now.

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