Bitcoin market dominance has recouped over 40 percent of its value as Ethereum's profound falls made its quality lessen strongly.
Information from Coinmarketcap shows an uptick of around two percent in the course of recent hours for Bitcoin, regardless of its cost likewise slipping downwards.
Bitcoin's offer of the cryptocurrency advertise had bottomed out at as meager as 37 percent a week ago in the midst of Ethereum's ICO hype.
Topic: Bitcoin regaining dominance. - page 8. (Read 5002 times)
Bitcoin has constantly assumed an overwhelming part in the Cryptocurrency advertise since it was made. In the previous couple of years, Bitcon has had a major change in the market. What's more, there are additionally new Altcoin made to contend with Bitcoin. In any case this is exceptionally troublesome. When concentrating on the Cryptocurrency advertise, individuals focus on research and putting essentially in Bitcoin. The situation of Bitcoin in the present time is critical.
If btc's down no coin could grow strong
Bitcoin is not in general to be the decrease or inverse of other coins if it itself decreases but if we commonly look into the market the demand for Bitcoin is at the top and then gradually the other altcoins and ethereum and so on,. Bitcoin has its own demand and supply according to the market and other coins have their own so there is not connection among them but except demand. If Bitcoin demand is decreasing then definitely if people even are not taking interest in Bitcoin which is the top currency then there is no chance for others. Now days Bitcoin price is giving the signs that the market value is going upward which is a good sign for investors.
If btc's down no coin could grow strong
Bitcoin is not in general to be the decrease or inverse of other coins if it itself decreases but if we commonly look into the market the demand for Bitcoin is at the top and then gradually the other altcoins and ethereum and so on,. Bitcoin has its own demand and supply according to the market and other coins have their own so there is not connection among them but except demand. If Bitcoin demand is decreasing then definitely if people even are not taking interest in Bitcoin which is the top currency then there is no chance for others. Now days Bitcoin price is giving the signs that the market value is going upward which is a good sign for investors.
If btc's down no coin could grow strong
Bitcoin is not in general to be the decrease or inverse of other coins if it itself decreases but if we commonly look into the market the demand for Bitcoin is at the top and then gradually the other altcoins and ethereum and so on,. Bitcoin has its own demand and supply according to the market and other coins have their own so there is not connection among them but except demand. If Bitcoin demand is decreasing then definitely if people even are not taking interest in Bitcoin which is the top currency then there is no chance for others. Now days Bitcoin price is giving the signs that the market value is going upward which is a good sign for investors.
It's just a matter of time before bitcoin will have a full recovery starting this week. Cryptomarkets have from bloody red to green now. So while you can still buy cryptos at a lower price today, then go and buy some more for the bull run is about to begin.
I've read a thread here that somehow bitcoin will start to gain some price increase on second week of April and I think it's a good news for us who keep believing of rising up again by bitcoin. Maybe the problems are solved by now but expect more are to come because of bitcoin popularity on the internet. I know there are people who are against bitcoin and giving negativity is all they do everyday to make bitcoin become worst and totally lose in the market, but still bitcoin surpasses them because bitcoin is too powerful that it can change a life of someone.
It's just a matter of time before bitcoin will have a full recovery starting this week. Cryptomarkets have from bloody red to green now. So while you can still buy cryptos at a lower price today, then go and buy some more for the bull run is about to begin.
I've read a thread here that somehow bitcoin will start to gain some price increase on second week of April and I think it's a good news for us who keep believing of rising up again by bitcoin. Maybe the problems are solved by now but expect more are to come because of bitcoin popularity on the internet. I know there are people who are against bitcoin and giving negativity is all they do everyday to make bitcoin become worst and totally lose in the market, but still bitcoin surpasses them because bitcoin is too powerful that it can change a life of someone.
If btc's down no coin could grow strong
All the cryptocurrencies have the strongest connection, and therefore, you are right here. nevertheless, I believe that Bitcoin will dominate for many years.
I assume that bitcoin will always be above all other cryptocurrency bitcoin is the first cryptocurrency and that it feeds a lot .it broke the and showed to all people what the cryptocurrency could be or become and then it was not the best it wouldn't have the highest price.maybe at this time will be lost for many other or now crypto but for now its the first it mostly because of the expectations is the free money the same every the last one.
It's just a matter of time before bitcoin will have a full recovery starting this week. Cryptomarkets have from bloody red to green now. So while you can still buy cryptos at a lower price today, then go and buy some more for the bull run is about to begin.
Bitcoin has always played a dominant role in the Cryptocurrency market since it was created. In the past few years, Bitcon has had a big change in the market. And there are also new Altcoin created to compete with Bitcoin. But really this is very difficult. When focusing on the Cryptocurrency market, people concentrate on research and investing primarily in Bitcoin. The position of Bitcoin in the present time is extremely important.
Well, sometimes we think that bitcoin are weaken because its price has drop in a huge amount, but we are wrong in that part because bitcoin is still become a powerful cryptocurrency that most of the other coin compet to it.
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.
http://i64.tinypic.com/dh4xx.jpg
Source: (https://coinmarketcap.com/charts/#dominance-percentage)
Any ideas about why this is happening?
http://i64.tinypic.com/dh4xx.jpg
Source: (https://coinmarketcap.com/charts/#dominance-percentage)
Any ideas about why this is happening?
in future day, maybe trader bitcoin want to the bitcoin prices always dominance. So am I,must be sure.
It's tough to just accept, but it's actual, they confine bitcoin to hover, since they do not however perceive that bitcoin is profitable and not negative. just in case it harms everything due to our own conduct that arrangement with the bitcoin.
I think Bitcoin never did go down or being surpassed by any other Altcoins. Most of these Altcoins are up for a show that they didn't even last longer while Bitcoin is not doing anything.It's hard to believe, but it's true, they restrict bitcoin to circle, since they don't yet realize that bitcoin is advantageous and not negative.
Bitcoin is one amongst many crypto-currencies. The big game is to guess which one will take the lead, how will rates evolve, and so on.
Bitcoin is also THE emblematic crypto-currency. Because it was created long ago, because it managed to survive, because medias have chosen to put it under the spotlights? I don't know!
What is sure is that, this game occurring between crypto-currencies is way too complex to be fully understood by individuals. Bitcoin has gone through ups lately thanks to the fork (and consequently potential "free" btc) but this may not be the only explaining reason.
In short: hard to answer your question!
It's difficult to accept, however it's actual, they confine bitcoin to hover, since they don't yet understand that bitcoin is profitable and not negative. in case it harms everything because of our own conduct that arrangement with the bitcoin.Bitcoin is also THE emblematic crypto-currency. Because it was created long ago, because it managed to survive, because medias have chosen to put it under the spotlights? I don't know!
What is sure is that, this game occurring between crypto-currencies is way too complex to be fully understood by individuals. Bitcoin has gone through ups lately thanks to the fork (and consequently potential "free" btc) but this may not be the only explaining reason.
In short: hard to answer your question!
If btc's down no coin could grow strong
Bitcoin is one amongst many crypto-currencies. The big game is to guess which one will take the lead, how will rates evolve, and so on.
Bitcoin is also THE emblematic crypto-currency. Because it was created long ago, because it managed to survive, because medias have chosen to put it under the spotlights? I don't know!
What is sure is that, this game occurring between crypto-currencies is way too complex to be fully understood by individuals. Bitcoin has gone through ups lately thanks to the fork (and consequently potential "free" btc) but this may not be the only explaining reason.
In short: hard to answer your question!
It's difficult to accept, however it's actual, they confine bitcoin to hover, since they don't yet understand that bitcoin is profitable and not negative. in case it harms everything because of our own conduct that arrangement with the bitcoin. Bitcoin is also THE emblematic crypto-currency. Because it was created long ago, because it managed to survive, because medias have chosen to put it under the spotlights? I don't know!
What is sure is that, this game occurring between crypto-currencies is way too complex to be fully understood by individuals. Bitcoin has gone through ups lately thanks to the fork (and consequently potential "free" btc) but this may not be the only explaining reason.
In short: hard to answer your question!
legendary
Activity: 1288
Merit: 1491
The first decentralized crypto betting platform
The continued drop indicates that money is flowing into alts faster than Bitcoin. One way to look at this is that there are over 1000 other alts, and for Bitcoin to be holding this level of dominance is fairly impressive. The other way to look at it is that Bitcoin is not providing the solutions or usability (read: scalability) that the market desires, and people are voting with their dollars for more worthy replacements. That's what I'd be worried about as a someone who believes that the current BTC price is sustainable. I haven't seen any good arguments for that in light of the overly congested network and unjustifiable transactions fees. There are cheaper, faster, and more scalable alts on the market right now, making a flippening all the more likely as Bitcoin continues to fail under network stress and becomes less competitive day by day to more nimble alternatives.
Yes, fees and speed of transactions are a huge problem nowadays and this is something Lightning Network promises to solve but it will still take at least 6 months to be implemented, at the very least, probably longer, whereas nowadays other alts solve those problems.
Bitcoin has been losing dominance, but it’s been different from what happened earlier in the year, where it lost dominance vs Ethereum. Ethereum doesn’t seem so much of a threat now. Bitcoin Cash and Ripple have taken most of the dominance recently away from bitcoin and also a big bunch of alts al together, so it seems to me your diagnose is right.
The continued drop indicates that money is flowing into alts faster than Bitcoin. One way to look at this is that there are over 1000 other alts, and for Bitcoin to be holding this level of dominance is fairly impressive. The other way to look at it is that Bitcoin is not providing the solutions or usability (read: scalability) that the market desires, and people are voting with their dollars for more worthy replacements. That's what I'd be worried about as a someone who believes that the current BTC price is sustainable. I haven't seen any good arguments for that in light of the overly congested network and unjustifiable transactions fees. There are cheaper, faster, and more scalable alts on the market right now, making a flippening all the more likely as Bitcoin continues to fail under network stress and becomes less competitive day by day to more nimble alternatives.
Jump to: