i know legiteum acts the fool to get others to solve his queries for him (like a baby cries to get spoonfed)
i know legiteum has already been corrected about the fact that market cap is MEANINGLESS
it does not indicate market share..
it does not represent how much popularity the market has of one coin or another
it does not represent any % of whom invests in what more or less
it does not represent %dominance nor %demand nor %desire
the point:
anyone can make a 200trillion pre-mined coin and with just $0.10 buy one of those coins and create a $20trillion market cap
one person + $0.10 = largest market cap
the other point:
so legiteum has been informed of this yet continues to be a dim-whit.. so the real question is why does he continue to be ignorant of how things like crypto work and whats actually important.. and why does he continue to pretend that he has not already been told this stuff
Topic: Bitcoin marketshare continues to drop - page 3. (Read 491 times)
In previous cycles Bitcoin did not have long-established competitors like this
Talking about competition strictly from market share point of view, right? Anyway, I see pretty much the same names as in previous cycles so I don't see what changed in the meantime to be so bearish about bitcoin.You do, but most consumer investors didn't. There has been an explosion of products (and additions to existing product e.g. PayPal) in the last few years geared to making it easy to invest in digital currencies. These products show you Bitcoin alongside a dozen other market leaders. This is new.
And even on the ETF front, there are now several other ETFs for other cryptos, with many more on the way. Soon BTC will lose that advantage as well.
Coinbase is in the business of helping Coinbase, not Bitcoin--and now they and others like them control a huge portion of the market
So exactly the same as in all previous years? 
Except that Coinbase is 10x bigger than they were, and 100x more powerful in the market thanks to them getting in bed with the US government.
Look, we'll see, but I'm actually finding it a bit strange that BTC can't even break 100k despite the almost insane levels of hype it's getting. I mean, it doesn't get any bigger than the US president actively promoting BTC and promising to use the US government's money to pump it--and yet it can't break through a key barrier.
In previous cycles Bitcoin did not have long-established competitors like this
Talking about competition strictly from market share point of view, right? Anyway, I see pretty much the same names as in previous cycles so I don't see what changed in the meantime to be so bearish about bitcoin.Coinbase is in the business of helping Coinbase, not Bitcoin--and now they and others like them control a huge portion of the market
So exactly the same as in all previous years? I thought that Bitcoin's dominance is meaningless? It's because those altcoins can artificially inflate and in some point cheat themselves with their big total coin supplies.
You are talking about fraud associated with non-Bitcoin digital currencies, and yes, in the past, this was a problem. But not in 2024. The market has evolved and there are major products out there like ETH, XRP, HBAR etc. that are obviously not fraudulent--and brokers like Coinbase and others are presenting these products alongside Bitcoin as equals in terms of fraud exposure.
This is very, very bearish for Bitcoin (and bullish for non-Bitcoin digital currencies).
Tell me that this is your first bull without telling the that its your first bull. 
In previous cycles Bitcoin did not have long-established competitors like this, nor was the market dominated by consumer investors who use brokers and apps to buy, wherein they are presented/promoted with competitors.
Follow the money, people. In this year's election, those gigantic crypto-related donations came from brokers like Coinbase, not individual holders of Bitcoin. Coinbase is in the business of helping Coinbase, not Bitcoin--and now they and others like them control a huge portion of the market, and they now also have the US government on their side too.
What is driving this?
Bitcoin did its pump for now, and now its time for alts to do the same before bitcoin (probably) continues going up. Its been happening every bull run and this one probably be no exception.This is very, very bearish for Bitcoin (and bullish for non-Bitcoin digital currencies).
Tell me that this is your first bull without telling the that its your first bull. 
What is driving this? Most investors use an app of some kind to invest in Bitcoin. These apps display Bitcoin alongside many other choices as equals.
In the past, bitcoin will first increased in a way that the dominance will increase. But this will later trigger altcoins season in which most altcoins will be increasing and the bitcoin market dominance will fall. But later bear market will come and the altcoins will fall more, making their marketcap to fall more and make bitcoin dominance to increase again which will further increase when the bull run begin again. It is just like a cycle. 
It's an altcoin season so it's not very strange to see Bitcoin dominance is dropping as expected.
Bitcoin, altcoin season index
Except if you don't see the altcoin season is coming, you will not find an answer for Bitcoin dominance decrease recent days. Its dominance can drop more when Ethereum takes off and trigers the ERC20 ecosystem with many tokens to rise.
Bitcoin, altcoin season index
Except if you don't see the altcoin season is coming, you will not find an answer for Bitcoin dominance decrease recent days. Its dominance can drop more when Ethereum takes off and trigers the ERC20 ecosystem with many tokens to rise.
I thought that Bitcoin's dominance is meaningless? It's because those altcoins can artificially inflate and in some point cheat themselves with their big total coin supplies. So regardless of, I do not see it as somewhat has bearing, and we all know that when Bitcoin goes up, all other altcoins goes up as well.
So don't over complicate things, if some newbies or institutions wanted to invest on Bitcoin, then it's very easy. And again, this numbers, dominance or market cap or whatever we call it, serves no real purpose.
Bitcoin goes down, the whole market goes down.
Bitcoin goes up, some altcoins goes up. That's how it is.
So don't over complicate things, if some newbies or institutions wanted to invest on Bitcoin, then it's very easy. And again, this numbers, dominance or market cap or whatever we call it, serves no real purpose.
Bitcoin goes down, the whole market goes down.
Bitcoin goes up, some altcoins goes up. That's how it is.
Because of the hype around the US election in the past months, interest in digital currencies is exploding with millions of new entrants into the market.
What one would expect in this situation is for Bitcoin to gain market share, as newbies tend to only know about the market leader at first. But that's not what is happening. Instead, Bitcoin's overall market share is dropping. As I discussed in another thread, Bitcoin now sits on a "store shelf" alongside thousands of other products today who all compete for the same exact investor dollars.
What is driving this? Most investors use an app of some kind to invest in Bitcoin. These apps display Bitcoin alongside many other choices as equals. And like the shelves at your local grocery store, the arrangement of those items will depend on what makes the broker the most money and that can be driven by the product's backers who can share the wealth (and Bitcoin has no such backers).
This is very, very bearish for Bitcoin (and bullish for non-Bitcoin digital currencies).
What one would expect in this situation is for Bitcoin to gain market share, as newbies tend to only know about the market leader at first. But that's not what is happening. Instead, Bitcoin's overall market share is dropping. As I discussed in another thread, Bitcoin now sits on a "store shelf" alongside thousands of other products today who all compete for the same exact investor dollars.
What is driving this? Most investors use an app of some kind to invest in Bitcoin. These apps display Bitcoin alongside many other choices as equals. And like the shelves at your local grocery store, the arrangement of those items will depend on what makes the broker the most money and that can be driven by the product's backers who can share the wealth (and Bitcoin has no such backers).
This is very, very bearish for Bitcoin (and bullish for non-Bitcoin digital currencies).
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