Why do so many people talk about the death of altcoins? Bitcoin dominance will go down and everything will be fine, stop panic.
I am also sure that this is a manipulation of the situation and Bitcoin is now overvalued for its domination. I think that we will soon see a fall in the dominance of Bitcon to the level of 45-50%. 
Topic: Bitcoin market dominance, Good for altcoins or Not (Read 5517 times)
Why do so many people talk about the death of altcoins? Bitcoin dominance will go down and everything will be fine, stop panic.
I think this is not good for the altcoin's price. We can say that every crypto's value are always moving but if we talk about bitcoin's price that will increase this is the time that people will have a panic buying to buy bitcoin because they hoping for the bullrun so they dont buy altcoin and worst they will dump their altcoin to buy and invest at bitcoin.
The cryptomarket keeps on fluctuating with current market cap below 300 billion at the market. the bitcoin market dominance has reach all time high of 68.6% as time of writing. what effect does this have on altcoins. i think think it spell doom for altcoin if bitcoin will dominate the current market leaving the entire altcoins with nothing.
I don't think it's a bad news for altcoins. But anyway. Still a very struggling time for them. And for cryptocurrency cause of too long down time for most of themBut I Believe which aim for good purposes would standstill. After 10 years, this is not bad for a new market. They have prety much potential.
if the market is in a bull market, the dominance of bitcoin is good for altcoin. but on the contrary if the bear market, this will only make altcoin worse off.
basically people only invest in crypto trading and nobody really holds coins. so every time bitcoin moves altitude will be affected. as now bitcoin is undergoing correction making altcoin red. and when bitcoin is good, altcoin capitalization also increases because of the average altcoin pairs with bitcoin.
basically people only invest in crypto trading and nobody really holds coins. so every time bitcoin moves altitude will be affected. as now bitcoin is undergoing correction making altcoin red. and when bitcoin is good, altcoin capitalization also increases because of the average altcoin pairs with bitcoin.
High BTC dominance is of course pretty bad for the alt market. One just has to look at the prices compared to like 2 months ago to see that.
As for it reversing, it's of course possible. Basically if BTC falls back and consolidates, and whales feel they can make more in alts than BTC, money will move back to alts.
I find it weird sometimes when BTC holders think super high BTC dominance is a good thing. Now it's good in the short term, but long term it kind of kills most crypto hype ( and BTC trading volume too). And that doesn't count any tech advances in crypto, which tend to occur in alts, not BTC ... no alt market means little incentive for coins to introduce anything innovative or new.
As for it reversing, it's of course possible. Basically if BTC falls back and consolidates, and whales feel they can make more in alts than BTC, money will move back to alts.
I find it weird sometimes when BTC holders think super high BTC dominance is a good thing. Now it's good in the short term, but long term it kind of kills most crypto hype ( and BTC trading volume too). And that doesn't count any tech advances in crypto, which tend to occur in alts, not BTC ... no alt market means little incentive for coins to introduce anything innovative or new.
Untill altcoins will not prove themselves and users or investors will not have enough confidence on it, Bitcoin dominance will increase over the period.
This is very much influencing price of almost all altcoins.
This is very much influencing price of almost all altcoins.
Exactly. Bitcoin is the only coin that has 100% proven itself to be resilient and to be the only coin that maintains a use and a strong community who have everything invested in it. Very few altcoins have it and those who do will not have the same level of passion, level of use, even level of security in terms of hashrate.
Price is a reflection of that and we have to deal with it.
of course this situations is not good for altcoins my friend
because a lot of people move their money from alts to bitcoin now
because a lot of people move their money from alts to bitcoin now
The level of bitcoin market dominance continues to increase, and this causes altcoin to go down and difficult to pump, hoping that market dominance returns stable so that it allows altcoin to go to the moon.
Unless the market decides the fair price, the BTC dominance will dictate the price of the altcoins. Active markets are traded with Bitcoin pairs and there is no another option considering the current market situation. Supply and demand increase the market dominance of the Bitcoin. The dominance problem still exists in the bear market but we don't feel its existence as much as in the bull market. Altcoin traders can't scalp the small market flows, so they look for alternative trade options.
I think this makes the parameters, with the greatest liquidity and far adrift from their closest rivals, the logic of bitcoin being the most trusted by investors. I think this is what makes bitcoin go up on its own, without being followed by altcoin, and without trust, altcoin is hard to up like bitcoin
unfortunately i do not believe that the growth of the dominance (currently 70%) of bitcoin is good for the altcoin, rather the contrary many will be delisted and will disappear, and the main ones will go down a lot of value...
do you know the rate at which new tokens pump out. it is quite unbearable that new altcoins hit markets on a daily base. this is not good to the market. quite disappointing to most developers. it think what is actually happening with new projects is the rebirth of old and deleted projects by the same owner.
I do not see how altcoins will survive this brutal dominance from bitcoin's movement. The only positive I take from this is that many shitcoins will die totally before the next alts season leaving only those with real working projects standing
Bitcoin market dominance is good for altcoins but at this time only good for BTC becuase most of investors are investing in Bitcoin not in other altcons that's why Bitcoin market dominance is not good for altcoins at this time.
Altcoins have failed so many investors and they are not interested in making their investment into Altcoins but ensuring they investment in Bitcoin. What ever we are seeing now.in this industry is a direct impact of the happens that took place in 2017 to 2018, people invest into Altcoins and at the end disappear to tin air.
Untill altcoins will not prove themselves and users or investors will not have enough confidence on it, Bitcoin dominance will increase over the period.
This is very much influencing price of almost all altcoins.
This is very much influencing price of almost all altcoins.
for now the dominance of bitcoin is still not good for altcoin. because altcoin is still showing a declining trend, it can be seen in the big altcoin, etherum. but when referring to the chart in previous years, etherum still has a big chance to go up high by more than $ 1000.
With BTC dominance, altcoins do not grow or even fall in price. People see it and start investing in Bitcoin. It becomes even more powerful, while tokes lose a lot. Naturally, it is not a very good situation for alts, but I do not think that it will last for long. I guess Bitcoin dominance will be reduced naturally, and gradually, it will reach 52-55% again.
not all the dominance of the good bitcoin market for altcoin is just a few altcoins that follow the development of bitcoin. even so bitcoin is very important to price movements in the market.
The dominance of bitcoin has clearly manifested on altcoins at present. Price of altcoins has not increased as compared to bitcoin.
I think this time bitcoin seasons has taken over the market. Altcoin season will come again.
It's still good to know that there are some potential altcoins that are included in the topmost coins next to bitcoin.So if bitcoin will keep its price increased,chances are good altcoins will start to recover but for those who are considered shitcoins,they will continue to lose their value instead. I think this time bitcoin seasons has taken over the market. Altcoin season will come again.
Goldman Sachs Predicts US-China Trade War to Continue into 2020 which might Benefit Bitcoin
The yuan has been depreciating in value versus the dollar a lot of late.
Bitcoin may benefit greatly from the continuation of the trade war and a recession following it
Chinese investors can probably be pumping the bitcoin market
It has an effect to all the altcoins as the prices of altcoins will remain unbalance compare to the increase of bitcoin price but it doesn't mean also that it is not a good ideato invest in altcoins.
The market is just a little harsh right now but once it will bounce back and the market will start to revive again then altcoins increase of price will surely follow even if the bitcoin market dominance is still there.
The market is just a little harsh right now but once it will bounce back and the market will start to revive again then altcoins increase of price will surely follow even if the bitcoin market dominance is still there.
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