Topic: Bitcoin has 54% of the cryptocurrency market - page 8. (Read 2316 times)
The prices were still falling even after the dominnce level reached more value than start of this year. This maybe happening because people converting their altcoins to bitcoin since the prices of altcoins were falling much than bitcoin.
This may be possible but so many peoples are transfer their asset to bitcoin.One day bitcoin will be the main business in crypto market.Bitcoin takes all people in the high level in future.
I accept that bitcoin is more than 50% of the market and if we look at the bitcoin usage it is more than any other coin in the market and i think that crypto is recovering but it requires the people interest and if we use it for transaction it is circulating then the market will confident about it.
BTC dominance is always more than half of the entire crypto market cap as alts used to claim less than half. This may be the to few reasons such as BTC is the first ever crypto, standard of exchange etc.
I still believe bitcoin is still strong to compete in the world of financial technology, even to be the best at this time. those who see bitcoin will fall, disappear, and die. because it doesn't understand correctly about bitcoin white paper. they come on bitcoin in hopes of big and fast profits. so left very disappointed. and those who survive will continue to smile, because they understand the nature of bitcoin today and understand the meaning of bitcoin basically.
In the current market situation, it is not surprising that money flows into bitcoin. We already saw such a domination in November 2017, when bitcoin was growing, and other currencies were rapidly becoming cheaper.
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/
Those people who do not believe in bitcoin are just plain cowards. But, honestly speaking, bitcoin is the strongest crypto because it is the first one ever developed. Bitcoin is not perfect but all people are searching for perfection. Nonetheless, thanks for the further spreading of positivity in this forum. Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/
I think no one is surprised that bitcoin is so dominant, when it is well known that the capital that is flowing to this market is purely speculative, and at these times so bearish it is obvious that they tend to take refuge in the best-known cryptocurrency of all, and that has tended to become a store of value and even a safe haven in times of uncertainty.
And while this seems quite beneficial for bitcoin, it does not seem so good for the market in general, which is quite vulnerable to the enormous dominance of bitcoin, which ends up eclipsing all other cryptos regardless of the good projects and innovative ideas to support them.
And while this seems quite beneficial for bitcoin, it does not seem so good for the market in general, which is quite vulnerable to the enormous dominance of bitcoin, which ends up eclipsing all other cryptos regardless of the good projects and innovative ideas to support them.
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/
Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/
There is not a single cryptocurrency in the world that could bypass bitcoin. And I think that it will not be, as bitcoin is now the most powerful cryptocurrency in the world, and altcoins are in the background.
It is a normal development that Bitcoin is getting stronger in a sustained bear market. Alts are getting destroyed and people flee them in masses. But most don‘t want to leave crypto, so bitcoin is a safe haven for the time being. Just don‘t be fooled and think this is going to stay like that.
True, contrary to black propagandist movement claim that it would die it will instead becomes stronget every year.
Maybe. Actually, I don't know correctly about the percentage. But I can say, The bitcoin was the largest than any coin. I think we don't need to any proofs to prove that thing because all the crypto workers know about the Bitcoin. I will give you a little example for proving that thing. The bitcoin is the most popular and most famous promising investment method in the crypto. In addition, Bitcoin is the highest value coin in the crypto world.
This has just proved that bitcoin is still the primary investment option for people investing in crypto market. This also shows investors confidence on altcoins is on a shaky ground.
Well, I believe that 65% correction in the market really helped Bitcoin not only to stabilize but also to grow in the long run. It is true that we might not see the symptoms of growth at this stage but, institutional investors and big whales are confident about the upcoming price rally in short as well as the super long term. However, I am waiting for the day when we will have the mass maturity on a large scale so that big whales won't be able to manipulate the market in the way they want.
Taking up more than 50% of the electronics market is also a non-trivial figure. In the future, I think bitcoin will continue to grow and it is expected that by 2020 the bitcoin will account for 75% to 80% of the electricity market. To achieve that with the bitcoin benefits we need to support bitcoin and trust it.
It is a normal development that Bitcoin is getting stronger in a sustained bear market. Alts are getting destroyed and people flee them in masses. But most don‘t want to leave crypto, so bitcoin is a safe haven for the time being. Just don‘t be fooled and think this is going to stay like that.
True, contrary to black propagandist movement claim that it would die it will instead becomes stronget every year.
Yes, during the recent market crash most of the people has pulled out their money from altcoins and invested in either bitcoin or tusd. Bitcoin has been stable over 6k but the same cannot be told for altcoins which have taken hit pretty badly.
yep , still become the strongest cryptocurrency , with huge of demand and support . just wait till the time that bitcoin price will rise again , HODL
Yea Right? Bitcoin is like the mother of the cryptocurrency market, it's impossible to do without it. people should understand this.
But it is impossible to convince some people of this because they have an interest in believing otherwise, many of the people that want bitcoin to be taken out of the top spot in the market cap have that opinion not because they believe the coin they support is in fact better than bitcoin, the reason they want their favorite coin to take the spot of bitcoin is because they want to earn money, greed has taken over their minds and they are only thinking about the possible profits they can get.So even if you present to them the evidence that while we are in the bear market bitcoin does nothing more but to strengthen itself and that altcoins get weaker they will try to find a way to rationalize that as a negative point for bitcoin.
Indeed bitcoin is still strong than any other coin. Even by the end of September, we should be expecting something goods. The $19,000 can be exceeded if the target is achieved.
so we don't have to be afraid for the negative news that saying bitcoin will fall too deep as bitcoin still leading the cryptocurrency market. and if in the last year, bitcoin price can increase for $19k then at this end of the year, I think the price can get up again and maybe the price can reach that number again or less than $19k and in the next year, the price can reach more than $19k. and if there is any positive news for bitcoin, it will push the price to the higher price but I don't think that the price will go down too deep if there is any negative news release.
19k by the end of the year sounds reasonable to me. Right now we are deep at the bottom but if you look at historical data and connect the dots this is a very realistic scenario. In Q4 we should see another bullrun, I think it will not be as strong as last years Q4 but I am sure we see a strong recovery by then.
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