Topic: Bitcoin market dominance, Good for altcoins or Not - page 4. (Read 5517 times)
Bitcoin creates leadership and control over altcoin and this is why every coin has pair with bitcoin. The dominance makes other coins predictable in the since that, we know that no coin would just fluctuate and go pass bitcoin for now. If there was equal competition, it would have made prediction difficult.
The Bitcoin dorminance shows the that Bitcoin is the key leader in the blockchain. The effect of the dorminance have negative impact on altcoin because 99% of altcoin are trade with btc . This dorminance is good for altcoin and Bitcoin get corrected and stabilize ,altcoin will then rise . Only altcoin with use cases will rise, that just my opinion.
It does not really matter much because even if the bitcoin dominance grows to over 75 percent but market volume also grows with it then there is no real threat for alts but yes if volume stays the same or lowers while btc dominance increases then it will definitely impact negatively on the peice of altcoins.
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.
The all time high dominance of bitcoin is higher. Just look at the charts.
Any way, I remember bitcoin dominance was about 90% l, but altcoins suddenly started to rise. So, everything is possible.
You are right and this scenario is most like developing where alts can suffer even more but the good thing is that even if the btc continues its uptrend and dominancy in the end the bulls impact of btc will definitely transfer to alts resulting in massive alt boom as well so there is nothing much to worry it is just about being more patient.
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.
Focusing more on your subject matter; bitcoin dominance is a positive vibe for altcoins but equally a negative influence because the more bitcoin pumps or dumps; it leaves altcoins in a limbo causing drop in prices and panics
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...
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.
Both the positive and negative impacts happens due to the fluctuations in the price of bitcoin.Actually it decide the price of rest altcoins in the market.The dominance of bitcoin will be good to the altcoins.If the price of bitcoin reaches maximum,many will start to inverse on bitcoin and other potential altcoin.
The bitcoin market dominance will eventually go down. There is no doubt about it. That doesn't mean we will have an alt-season right away. The biggest problem with altcoins are excessive inflation and dilution. It will take time for the market to absorb all that.
Just look at the market and you will answer this question by your own. While BTC is raising in price nearing to hit 12k, all other major altcoins are not moving at all. One month ago ETH was around 300 USD and dropped by 50 percent.
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.
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