Topic: Bitcoin market dominance, Good for altcoins or Not - page 2. (Read 5517 times)
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
This is a very bad season for altcoins and the btc dominance keeps increasing, not sure about how this has happened in the past where btc increased in dominant this way and later dropped gradually. Now we are not certain if altcoins will ever come back much more attaining all time high as was the case in 2017
That's the reality now, just accept it, it's just part of the market situation and I know you are here not for short term so expect that soon there will be a market change. Sometimes our expectation does not happen but that does not mean marketcap will stay this low, as long as BTC survives, the market will remain and in time, altcoins will also rise and that BTC dominance does not matter anymore, it only matters now because altcoins are not growing.
this issue is not new . even before bitcoin is already dominating because its obvious that btc has the highest demand and thats why it got a high value righ ? now if your still concern especially this year that btc domination have greatly increased , well i could only say that it brings a positive impact on the btc hodlers because we all can earn huge profits but this will also become beneficial on other coins because they can sometimes go with flow with btc .
All market parameters are oscillatory. The time will come when Bitcoin will lose position to altcoins. It would be nice if this happened because of improving the quality of the average project, and not because of the number of projects.
The dominance of bitcoin shows that investors trust bitcoin more than altcoins. And today we see that the dominance of Bitcoin is 68.4%But in the near future, I hope there will be enough investors who will significantly diversify their portfolios, which will reduce the weight of BTC.
real investors will never invest in any altcoins as long as they remain pump and dump coins. in other words as long as what developers create is junk instead of real cryptocurrencies you can not expect people to treat them any other way, they will also trade them while they get pumped and dump (and abandon them) as soon as they can.
In my opinion when Bitcoin dominance increased. Certainly altcoin will also do the same thing, like that often happens in the crypto market. The reason is often when Bitcoin increases altcoin will definitely increase too.
CMIIW
CMIIW
All market parameters are oscillatory. The time will come when Bitcoin will lose position to altcoins. It would be nice if this happened because of improving the quality of the average project, and not because of the number of projects.
The dominance of bitcoin shows that investors trust bitcoin more than altcoins. And today we see that the dominance of Bitcoin is 68.4%But in the near future, I hope there will be enough investors who will significantly diversify their portfolios, which will reduce the weight of BTC.
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.
There's a consensus that the higher the dominance of Bitcoin on the coin market cap, the worse the value of altcoin. Bitcoin holds a large chunk of the coin market cap and that has been since the beginning of time, I only wish that altcoin could have some breathing space to also witness some increasing pressure.
Good, if you believe that altcoin season will come. I mean you buy now and sell later.
Bad, if you buy now and altcoins will not go up. Is it possible? Of course, still altcoins in top 100 gained thousands of percents from the beginning (ICO).
Bad, if you buy now and altcoins will not go up. Is it possible? Of course, still altcoins in top 100 gained thousands of percents from the beginning (ICO).
I have said this time without number that, Bitcoin dorminance over Altcoins is a good one because this signifies the true meaning if cryptocurrency and the power of the mainstream. This will give the upcoming projects more thoughtful thought to enhance their project in order to be useful to the community and also have a workable product. Many projects lack this and Bitcoin is then taking the advantage of this to dominate.
actually the dominance of bitcoin trading always happens, and it will definitely give effect to the movement of the crypto market. if the demand from bitcoin is too high and makes altcoin not interested in trading, or there will be a dump for altcoin then it will be bad. altcoin disposal if bitcoin goes up it definitely happens, we won't be able to stem it.
actually such growth is also good for investments that will go into bitcoin, but if there is no emphasis on growth and demand for bitcoin, altcoin could be very bad.
actually such growth is also good for investments that will go into bitcoin, but if there is no emphasis on growth and demand for bitcoin, altcoin could be very bad.
BTC market dominance is growing altseason probability is lowering, thats simple.
There are only few alt project with real usecases
There are only few alt project with real usecases
I can't lie that it has been HORRIBLE for altcoins so far, its not even remotely close to have a silver lining in it and so far it has been just pure awful drops in price for all altcoins. That is why I am not sure if we can really find a good thing in this for all altcoins.
Maybe we can say that dominance is so high that eventually altcoins will have to skyrocket and thats how we can make so much money, I know it sounds absurd because we have been saying that for over a year now but since the dominance got super high lately maybe this time it is actually true who knows. I really don't see anything that could be considered good but as far as we know maybe a huge bull run for all altcoins are brewing these days and if that happens than we will say thank god this dominance happened however until than it looks like everything about this is bad.
Maybe we can say that dominance is so high that eventually altcoins will have to skyrocket and thats how we can make so much money, I know it sounds absurd because we have been saying that for over a year now but since the dominance got super high lately maybe this time it is actually true who knows. I really don't see anything that could be considered good but as far as we know maybe a huge bull run for all altcoins are brewing these days and if that happens than we will say thank god this dominance happened however until than it looks like everything about this is bad.
All market parameters are oscillatory. The time will come when Bitcoin will lose position to altcoins. It would be nice if this happened because of improving the quality of the average project, and not because of the number of projects.
The dominance of bitcoin shows that investors trust bitcoin more than altcoins. And today we see that the dominance of Bitcoin is 68.4%
Look at this spring then BTC was ~4k$ and was happened with ALTs when BTC skyrocketed. Pain... 
This bitcoin dominance would not be the first of its kind, bitcoin has had series of dominance in the past and we have seen its effect on altcoins already and how altcoins later bounced back, this also happened in 2017, while bitcoin was dominating the market, altcoins were going down in value, it was not very visible then because most of them were very high in price because of the hype of ICO.
But this time around, bitcoin dominance came when the altcoins were still in the bear market, so it added to why majority of them are having very discouraging value right now, but altcoins season will come very soon and we will see some of them spike in price once again, but before their season, we have to still depend on bitcoin to go sideways for investors to start putting money into altcoins.
In brief:But this time around, bitcoin dominance came when the altcoins were still in the bear market, so it added to why majority of them are having very discouraging value right now, but altcoins season will come very soon and we will see some of them spike in price once again, but before their season, we have to still depend on bitcoin to go sideways for investors to start putting money into altcoins.
The more pressure on altcoins to burry them into deeply mud, the bigger momentum they have to bounce back. Altcoins simply need a right time and a trigger to bounce back. It seems that we already have a trigger for altcoin season, that come from SEC. Bitcoin started to fall, why not seriously and positively think of altcoin season, started from today?
This bitcoin dominance would not be the first of its kind, bitcoin has had series of dominance in the past and we have seen its effect on altcoins already and how altcoins later bounced back, this also happened in 2017, while bitcoin was dominating the market, altcoins were going down in value, it was not very visible then because most of them were very high in price because of the hype of ICO.
But this time around, bitcoin dominance came when the altcoins were still in the bear market, so it added to why majority of them are having very discouraging value right now, but altcoins season will come very soon and we will see some of them spike in price once again, but before their season, we have to still depend on bitcoin to go sideways for investors to start putting money into altcoins.
But this time around, bitcoin dominance came when the altcoins were still in the bear market, so it added to why majority of them are having very discouraging value right now, but altcoins season will come very soon and we will see some of them spike in price once again, but before their season, we have to still depend on bitcoin to go sideways for investors to start putting money into altcoins.
altcoin will have the same time as BTC today, the thing that has to happen in altcoin is altcoin must really control the real market and master each of their sales targets, if altcoin is really really accepted in the real market then I think altcoin will be king in various target markets.
The present Bitcoin dominance of the market is very bad for the entire market. It is the percentage in dominance that I often check whenever I visit the coinmarketcap site. I feel bad knowing that bitcoin controls 69%. Altcoins will not rise well with that level of dominance by bitcoin. I hope the dominance goes down to create room for growth for Altcoins.
I believe that you are right, the growth of BTC dominance clearly affects the price of altcoins. Of course, there are some altcoins that show more or less positive growth dynamics, but altcoins suffer from the total weight of the product. Let's hope that in the near future we will still see the altcoin season and this will refresh the crypto market.
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