Topic: Bitcoin The King Of Crypto - page 6. (Read 4181 times)
The king will always be the king, despite the price it is still many times better than any altcoin
Your chart is hard to read, too many lines, what I see here is that in April bitcoin made a jump and became a springboard for some alts (jagger april fools as you say). maybe growing alts have a big tendency to change in bitcoin, but now the dominance of bitcoin is much higher in the market, so this month's movement makes 200 top coins in the same movement (if measured in satoshi value).
Of course it is going to be hard to read he condensed 200 coins and their performance in a single graph, but it is very telling, bitcoin is recovering while altcoins are not, what does this tell us? I am not sure, this could mean that investors are losing confidence in altcoins and that from now on we should not expect most altcoins to perform better than bitcoin, however this could also mean that this is a good opportunity to buy altcoins and if an altcoin season comes next year then we could see a reversal of that graph.
The dominance has increased significantly which shows that BTC has gained much more trust among the community. After the bloodbath of 2018, many investors have lost trust in alt coins. They are heavily manipulated and have less volume over exchanges. Plus many alt coins died in 2018 which made people more vary of it. The price increase of BTC was not followed by alt pins this time which increased the BTC market cap as compared to alt coins.
Yes, another factor that increases the dominance in BTC is that a lot of altcoins are dying and most of them are scam, so people are really frustrated and disappointed in altcoins, so they now prefer to invest in Bitcoin rather than any kinds of altcoins, which turned out scam after few months.
The dominance has increased significantly which shows that BTC has gained much more trust among the community. After the bloodbath of 2018, many investors have lost trust in alt coins. They are heavily manipulated and have less volume over exchanges. Plus many alt coins died in 2018 which made people more vary of it. The price increase of BTC was not followed by alt pins this time which increased the BTC market cap as compared to alt coins.
Yes, another factor that increases the dominance in BTC is that a lot of altcoins are dying and most of them are scam, so people are really frustrated and disappointed in altcoins, so they now prefer to invest in Bitcoin rather than any kinds of altcoins, which turned out scam after few months.
The dominance has increased significantly which shows that BTC has gained much more trust among the community. After the bloodbath of 2018, many investors have lost trust in alt coins. They are heavily manipulated and have less volume over exchanges. Plus many alt coins died in 2018 which made people more vary of it. The price increase of BTC was not followed by alt pins this time which increased the BTC market cap as compared to alt coins.
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Bitcoin has been running for 10 years and no one can replace it as the king of crypto and indeed that is not possible because bitcoin is the first digital coin in the world, and others like Altcoin or others just imitating bitcoin but not as perfect as bitcoin which continues to grow and become coins the most popular.
and besides the value of the price of bitcoin is very expensive among other coins which makes many people interested in investing in it.
and besides the value of the price of bitcoin is very expensive among other coins which makes many people interested in investing in it.
This is already and lot of time start the bitcoin king in the cryptocurrency market really i believe and i knows everyone same tell them. This is very trust we can't imagine the crypto market without bitcoin even almost I'm in here bitcoin 5 years ago still and i love also, basically this is my part of life now.
If bitcoin collapses, the whole crypto system will collapse
So far, it applies to the correlation between Bitcoin and Altcoin prices. I don't know if Bitcoin disappears, then Altcoins will disappear as well. We know that altcoins are backed up by some big companies, as long as the community trust to the coins, I think they can survive even if no support from Bitcoin. At least, I see a chance for them to survive. So, it is too early saying "crypto system will collapse if Bitcoin collapses".
If bitcoin disappears, in my opinion maybe the cryptocurrency market will collapse. There may be an altcoin that survived but surely the price fell very deep because investor confidence collapsed. Bitcoin is one of the factors why the cryptocurrency market exists and why projects are created based on the blockchain principle.
This chart is showing you the top 200 coins performance against bitcoin. It's clearly who is outperforming here. Bitcoin is the king of crypto. Alts got rekt specially when bitcoin made a move like Jagger on the 1st April. But that wasn't april's fools day! Or was it?
source
https://twitter.com/woonomic/status/1161320822344179720
This chart is showing you the top 200 coins performance against bitcoin. It's clearly who is outperforming here. Bitcoin is the king of crypto. Alts got rekt specially when bitcoin made a move like Jagger on the 1st April. But that wasn't april's fools day! Or was it?
source
https://twitter.com/woonomic/status/1161320822344179720
Bitcoin is the face of cryptocurrency. It is king and all altcoins without fiat pairings are paired to BTC. When BTC is very bullish, traders see no need to buy alts because by buying alts with BTC you are by default shorting BTC, greatly increasing your chance of loss. They see no need to risk altcoins just for slightly better returns.
When BTC is bearish, it most likely means the entire Cryptocurrency market is bearish. Bitcoin has the best risk adjusted return and is the safe haven in the event of the crash - people are sure it will be a coin that will survive and so many convert their alts to minimize their risk exposure. Many traders may cash out to fiat too, causing them to panic sell alts to BTC and then cashing out, causing a bigger slump in altcoins/BTC prices. For these reasons Bitcoin is the only winner at long-term!
When BTC is bearish, it most likely means the entire Cryptocurrency market is bearish. Bitcoin has the best risk adjusted return and is the safe haven in the event of the crash - people are sure it will be a coin that will survive and so many convert their alts to minimize their risk exposure. Many traders may cash out to fiat too, causing them to panic sell alts to BTC and then cashing out, causing a bigger slump in altcoins/BTC prices. For these reasons Bitcoin is the only winner at long-term!
Your chart is hard to read, too many lines, what I see here is that in April bitcoin made a jump and became a springboard for some alts (jagger april fools as you say). maybe growing alts have a big tendency to change in bitcoin, but now the dominance of bitcoin is much higher in the market, so this month's movement makes 200 top coins in the same movement (if measured in satoshi value).
Of course it is going to be hard to read he condensed 200 coins and their performance in a single graph, but it is very telling, bitcoin is recovering while altcoins are not, what does this tell us? I am not sure, this could mean that investors are losing confidence in altcoins and that from now on we should not expect most altcoins to perform better than bitcoin, however this could also mean that this is a good opportunity to buy altcoins and if an altcoin season comes next year then we could see a reversal of that graph. 
I think that in a few years, Ethereum will be called the King of the cryptocurrency market. Perhaps Ethereum will overtake Bitcoin in trading volume after 2 years. And this network will become the largest and most reliable in the world.
That's not going to happen. People's hope that it will get back to its all time high isn't backed by anything than another ICO boom scenario, similar to the one have had back in 2017/2018. Ethereum was the only one back then, now there are many more platforms capable of doing the same. It had the advantage that all the money couldn't do anything but flow into Ethereum because of people's greed.
It's much more likely to see XRP surpass Ethereum's market cap and push it to nr 3 for ever. XRP has so many coins in circulation that it probably won't take much more than one altcoin boom.
This chart is showing you the top 200 coins performance against bitcoin. It's clearly who is outperforming here. Bitcoin is the king of crypto. Alts got rekt specially when bitcoin made a move like Jagger on the 1st April. But that wasn't april's fools day! Or was it?
source
https://twitter.com/woonomic/status/1161320822344179720
Bitcoin dominated the cryptocurrency market with more than 66% of the market capitalization. Bitcoin owns more than half of the cryptocurrency market that is the reason why people are calling bitcoin as the king of cryptocurrency. Right now, bitcoin has $147 billion in market capitalization while the entire cryptocurrency market has $221 billion in capitalization.
CMC | https://coinmarketcap.com/currencies/bitcoin/#markets
CMC | https://coinmarketcap.com/currencies/bitcoin/#markets
In my opinion because everyone only knows bitcoin even though in cryptocurrency there are many other coins in it and bitcoin is the first digital coin in the world and the most expensive coin among other coins, and people are more interested in investing in bitcoin because bitcoin is more profitable and promising.
and besides being good for investing, bitcoin can be used as an alternative payment or other transaction and there are many other advantages of bitcoin compared to other coins, so it's natural that bitcoin is called the crypto king and no one will replace it.
and besides being good for investing, bitcoin can be used as an alternative payment or other transaction and there are many other advantages of bitcoin compared to other coins, so it's natural that bitcoin is called the crypto king and no one will replace it.
This chart is showing you the top 200 coins performance against bitcoin. It's clearly who is outperforming here. Bitcoin is the king of crypto. Alts got rekt specially when bitcoin made a move like Jagger on the 1st April. But that wasn't april's fools day! Or was it?
source
https://twitter.com/woonomic/status/1161320822344179720
Bitcoin king cryptocurrency because only bitcoin know by investor and company with higher price, many industries adopt only bitcoin as payment transaction and not care about how many altcoin have listed to the public, they think bitcoin is the king crypto with higher and stable price every year. Bitcoin become good investment assets for investor ans industries want to get transparent payment if using bitcoin as their part currencies.
The market appreciate Bitcoin especially business sectors they embrace Bitcoin system and allow it to be use as another alternative for payment process. Bitcoin still in it's position being the king as there's no other crypto currency that's shows any significance to lead the way, Bitcoin still have the dominating factors and still being use by most pairs inside the exchange. 
Seriously? In this chart 200 coins performance with bitcoin? I can't understand this chart 
We know that btc is the king of crypto and btc proved that in several times. As you can see the past history.when btc price crashed all crypto were crased more percentage than btc. In future btc will remain as a king.
We know that btc is the king of crypto and btc proved that in several times. As you can see the past history.when btc price crashed all crypto were crased more percentage than btc. In future btc will remain as a king.
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