I believe that the main reason was that altcoins who went up really fast (like stratis who went about x100 in a month or so..) entered into a bubble, so the bubble was starting to explode once bitcoin has started to reach new all times high.
People started to sell off their alts to get back into bitcoins( because bitcoin went up, so they wanted to earn the price increase), it made the altcoins bubble explode, and I believe that most of them will never get back to the level they were when bitcoin was trading for about 2K$.
Topic: Bitcoin regaining dominance. - page 15. (Read 5077 times)
It has been regaining again I'm happy that the price remained stable even after fork there was a small loss but it was solved quickly bitcoin will always rise we should just hold and wait never sell in a loss that is a always a dumb thing to do always hold even if you are in a loss
Now Bitcoin make a root to get into the Deep.Slowly the price of bitcoin gain is stability. Now it was stable at the value of 5700$.After the Fork the price will get stable at this price or 5500$.Not less then a 5000$,the value of bitcoin will decrease.Bitcoin is the King of all the Altcoin and Shine like a Star every day.
Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.
Source: (https://coinmarketcap.com/charts/#dominance-percentage)
Any ideas about why this is happening?
This regaining of dominance of bitcoin was just an implication that despite of many happenings and issues that bitcoin have faced on the past few months, days or weeks that bring it into dump like what just happened on the banning of bitcoin exchanges of China that has a great impact on the bitcoin price. After all that have happen, bitcoin have proven itself that no matter what happen, still bitcoin can regain its loss and show that it is capable of putting its price on its peak. Source: (https://coinmarketcap.com/charts/#dominance-percentage)
Any ideas about why this is happening?
Bitcoin has never lost it's dominance. It's always been the most worth while cryptocurrency and always had the most valued. Many alt coins I think there is 1000 alt coins now listed on coinmarket and they are all directly competing with Bitcoin but none of even close to the value of Bitcoin
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I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.
Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.I guess this is no more than wishful thinking on your part
I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce
I don't think you can say that
I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point
Did you really just copy paste part of the quote as your post?
This dude should certainly get reported and banned
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.
I think the problem nowadays are commissions. I have only been into bitcoin a couple of moths but when I get information about the past years I see that commissions were pretty insignificant whereas nowadays I can pay a 0,70€ coffee with my mobile and if I had to pay it with bitcoin I would have to pay a commission, not so insignificant in terms of percentage.
I wouldn’t be surprised if bitcoin is used just for big transactions in the future and as a store of value, but it coexists with another alt for small transactions.
It has been regaining again I'm happy that the price remained stable even after fork there was a small loss but it was solved quickly bitcoin will always rise we should just hold and wait never sell in a loss that is a always a dumb thing to do always hold even if you are in a loss
Bitcoin is always regaining dominance after whatever FUD is thrown at it. Altcoins and forkcoins will be coming for Bitcoin and so will national currencies so there will be scammers everywhere.
BTC will always remain on top irrespective of whatever new hard fork it creates or new coins keep coming. It will remain unmoved Only thing that can move will be the tough ask govt of each country will be taking regarding the adoption of bitcoin. If its positive then btc will rise or else it may fall.
I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.
Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.I guess this is no more than wishful thinking on your part
I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce
I don't think you can say that
I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point
Did you really just copy paste part of the quote as your post?
This dude should certainly get reported and banned
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.
Bitcoin is always regaining dominance after whatever FUD is thrown at it. Altcoins and forkcoins will be coming for Bitcoin and so will national currencies so there will be scammers everywhere.
Well nothing actually comes close to bitcoin when it comes to crypro market and it probably will stay thay way for a long time. Though if we put it together with all regular currencies, i don't think bitcoin will fare the same way it does among other cryptos
Bitcoin is always regaining dominance after whatever FUD is thrown at it. Altcoins and forkcoins will be coming for Bitcoin and so will national currencies so there will be scammers everywhere.
Well nothing actually comes close to bitcoin when it comes to crypro market and it probably will stay thay way for a long time. Though if we put it together with all regular currencies, i don't think bitcoin will fare the same way it does among other cryptos
Bitcoin is always regaining dominance after whatever FUD is thrown at it. Altcoins and forkcoins will be coming for Bitcoin and so will national currencies so there will be scammers everywhere.
Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.
Since the time bitcoin was introduced to this world, I can only see the graph of bitcoin going up and up most of the times. There are only few occasions when the market price of bitcoin has decreased, but most of the times it was one and only bitcoin having the number 1 ranking amongst all other coins. At present, everyone is talking about bitcoin and it is bitcoin which is grabbing the attention of all of us.
Adding to this, btc prices are measured only by their market price. So in the present situation, being as volatile as btc is,a merchant would have to have a floating value based on the market instead of a fixed price which makes it much harder for traditional or smaller merchants to accept btc.
I'm replying to your post since this is in fact my post that got copy-pasted by the dude you replied to
I have explained this issue a few times already. This is a sort of vicious circle or an evil feedback loop (you choose which). The price is volatile (and will remain volatile) because merchants and vendors are not accepting Bitcoin for real, i.e. they don't accept real bitcoins but are looking for fiat only as I made clear in my post, but they are not accepting it because its value fluctuates too much to make any real commerce possible. So we are basically stuck. Personally, I don't know of a viable solution how to break this self-sustaining loop of volatility, but others may have a different view or take on this situation and how to solve it
I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.
Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.I guess this is no more than wishful thinking on your part
I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce
I don't think you can say that
I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point
Did you really just copy paste part of the quote as your post?
This dude should certainly get reported and banned
This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat.
Adding to this, btc prices are measured only by their market price. So in the present situation, being as volatile as btc is,a merchant would have to have a floating value based on the market instead of a fixed price which makes it much harder for traditional or smaller merchants to accept btc.
I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.
Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.I guess this is no more than wishful thinking on your part
I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce
It's certainly true that most people wouldn't want to accept Bitcoins as a mean of payment directly though, since they rely on the liquidity of fiat.
This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat.
I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.
Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.I guess this is no more than wishful thinking on your part
I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce
It's certainly true that most people wouldn't want to accept Bitcoins as a mean of payment directly though, since they rely on the liquidity of fiat.
This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat.
I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.
Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.I guess this is no more than wishful thinking on your part
I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce
It's certainly true that most people wouldn't want to accept Bitcoins as a mean of payment directly though, since they rely on the liquidity of fiat.
Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.
Since the time bitcoin was introduced to this world, I can only see the graph of bitcoin going up and up most of the times. There are only few occasions when the market price of bitcoin has decreased, but most of the times it was one and only bitcoin having the number 1 ranking amongst all other coins. At present, everyone is talking about bitcoin and it is bitcoin which is grabbing the attention of all of us.I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.
Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.I guess this is no more than wishful thinking on your part
I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce
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