Yeah and to buy those altcoins you have to buy bitcoin first. So it is actually helping bitcoin.
That is not entirely true you could purchase altcoins using fiat too and all the major exchanges do accept dollars. One coin that has a major volume is Ripple and it is not a big issue as the alt coin scene has more than 260 coins and you really cannot compare one coin against the rest and say the dominance is less. 
Topic: BREAKING NEWS: Bitcoin Dominance < 50% - page 2. (Read 2296 times)
There's nothing "breaking" about this. In fact, it's meaningless. You annoying trolls just arbitrarily picked a number to FUD about. Idiots.
This is fast breaking news. For the first time ever this morning bitcoin fell below 50% market share of all crypto.
Updates to follow...
Updates to follow...
Rather than thinking about market cap of Bitcoin and other cryptocurrencies, we should think about popularizing Bitcoin physically. How we can introduce it to other people and how we can make merchants accept Bitcoin as a payment gateway.
These are the things people should think about.
Market capitalisation to me is not really a determining factor. There are several coins in the crypto space all fighting for relevance but comparing them to bitcoin because there was just a day dip for the bitcoin does not mean they are taking over couple with the difficulty being experienced in mining bitcoin these days compared to other alt happening around. All these put together to me does not displace bitcoin.
Basically most of the alt-coins buyers are going through buying bitcoin first so I think the dominance of Bitcoin will happen long time from now.
Yeah and to buy those altcoins you have to buy bitcoin first. So it is actually helping bitcoin.
Some coins are as you say shitcoins but a lot of alts have real use and real relevance they are the ones who will keep value long term. There is nothing that bitcoin does that can't be replicated by other coins and the only reason its got top spot is because it was the first to come out.
"There is nothing that bitcoin does that can't be replicated"
That's all they ever can do. That's why bitcoin will stay on top because bitcoin is the original idea. Those shitcoins are only bad copies of bitcoin. People invest in he original one because the others were too stupid to invent a cryptocurrency before bitcoin, how the hell they can be better than bitcoin now?
Bitcoin will stay as #1 because it is the first and the original.
But don't lose hopes, there will always be a second place available for the others.
Markep cap doesn't mean anything.
What matters is the number of transactions in the lst 24 hours. As long as bitcoin is #1 it's status is secure. The coins like Ripple which are being pumped at the moment, will dump, because no-one actually uses ripple.
At the moment the only coin that might catch BTC is ETH because it's doing about 120,000 transactions a day and the amount is continually rising, which means people are using it.
What matters is the number of transactions in the lst 24 hours. As long as bitcoin is #1 it's status is secure. The coins like Ripple which are being pumped at the moment, will dump, because no-one actually uses ripple.
At the moment the only coin that might catch BTC is ETH because it's doing about 120,000 transactions a day and the amount is continually rising, which means people are using it.
That is until ETH will go to proof of stake and not proof of work a few months later this year. Ethereum is being hold mostly by the developers themselves and very few of Ethereum is actually in home miners or people who have bought it and are holding it because they believe in it. I think Bitcoin cannot be surpassed by an altcoin, because I think no other person is as genius as Satoshi Nakamoto.
Bitcoin's share of the total marketcap (not its dominance) is decreasing because of a very simple math.
market capitalization = supply * price
increase the supply you increase the marketcap.
increase the supply to a ridiculous number like 100 billion you get a ridiculously big marketcap.
now have hundreds of altcoins with ridiculous numbers you get a huge total marketcap in which bitcoin has a tiny share.
Manipulation 101
market capitalization = supply * price
increase the supply you increase the marketcap.
increase the supply to a ridiculous number like 100 billion you get a ridiculously big marketcap.
now have hundreds of altcoins with ridiculous numbers you get a huge total marketcap in which bitcoin has a tiny share.
Manipulation 101
Not COMPLETELY true because the price of altcoin could be VERY LOW.
Of course there are lots of alts.
But what's interesting is that they have not a void price at all.
Markep cap doesn't mean anything.
What matters is the number of transactions in the lst 24 hours. As long as bitcoin is #1 it's status is secure. The coins like Ripple which are being pumped at the moment, will dump, because no-one actually uses ripple.
At the moment the only coin that might catch BTC is ETH because it's doing about 120,000 transactions a day and the amount is continually rising, which means people are using it.
What matters is the number of transactions in the lst 24 hours. As long as bitcoin is #1 it's status is secure. The coins like Ripple which are being pumped at the moment, will dump, because no-one actually uses ripple.
At the moment the only coin that might catch BTC is ETH because it's doing about 120,000 transactions a day and the amount is continually rising, which means people are using it.
-snip- Maybe you should use this Metric: -snip-
How stupid of me, I wasn't even paying attention to the exact number of the circulating coins of Ripple. I kept focusing too much on the +$12 billion market cap, completely overlooking the fact that by value per coin/total supply, Bitcoin in market cap is already surpassed (which obviously is completely meaningless). Gahh...
Yeah surely even ripple supporters should realize that the current price can't be sustained, ripple real usage isn't even 1% that of bitcoin yet technically its market cap is bigger.
I think its a sign that the market is big enough to accommodate more than 1 crypto, I don't think bitcoins position as number 1 is going to be threatened anytime soon though.
It's a sign of nothing. With everyday, another new altcoin pops up. Because it's new, there will always be some people who'll see it as the next big thing and pump it for a while.
Bitcoin's market dominance may even go below %10 in a few years but it doesn't mean anything. No other coin will have the same volume as bitcoin, no other coin have the same acceptance by the business owners, nobody hodl shitcoins in the long term. Those are the things which matter, not market dominance.
Some coins are as you say shitcoins but a lot of alts have real use and real relevance they are the ones who will keep value long term. There is nothing that bitcoin does that can't be replicated by other coins and the only reason its got top spot is because it was the first to come out.
I think its a sign that the market is big enough to accommodate more than 1 crypto, I don't think bitcoins position as number 1 is going to be threatened anytime soon though.
It's a sign of nothing. With everyday, another new altcoin pops up. Because it's new, there will always be some people who'll see it as the next big thing and pump it for a while.
Bitcoin's market dominance may even go below %10 in a few years but it doesn't mean anything. No other coin will have the same volume as bitcoin, no other coin have the same acceptance by the business owners, nobody hodl shitcoins in the long term. Those are the things which matter, not market dominance.
This is fast breaking news. For the first time ever this morning bitcoin fell below 50% market share of all crypto.
Updates to follow...
Updates to follow...
The crypto market is growing rapidly and this is good news.
Bitcoin get stronger and some og the bigger altcoins grow pretty fast at the same time.
This means that new people enter the crypto world every day.
-snip- Maybe you should use this Metric: -snip-
How stupid of me, I wasn't even paying attention to the exact number of the circulating coins of Ripple. I kept focusing too much on the +$12 billion market cap, completely overlooking the fact that by value per coin/total supply, Bitcoin in market cap is already surpassed (which obviously is completely meaningless). Gahh...
These aren't sustainable market caps.i don't know what is causing this surge in price on the alts but it won't hold its prices long term.
Finally. It is only used as some kind of payment and the fees are outrageous, unless you are transferring large sums of money. And in every Bitcoin promo there is "low fees", "fast transactions". Try sending a transaction with less than 0.0002 fee and see how long it takes...
On the topic: great! I was expecting it to drop like this soon, after seeing it dropping from 80 to 70 and then 65. Other coins are getting adoption, and just have better potential.
On the topic: great! I was expecting it to drop like this soon, after seeing it dropping from 80 to 70 and then 65. Other coins are getting adoption, and just have better potential.
by looking at the title i thought it was more or less a click-bait article that you might have posted here. turns out, it is indeed a click-bait, but not an article. market caps have proven to be a poor indicator, and once again it proves itself to be the case again. by looking at the total coin supply, ripple has gone over bitcoin's market cap already. it's clearly visible in the screenshot posted by lauda.
look for yourself https://coinmarketcap.com/currencies/ripple/
look for yourself https://coinmarketcap.com/currencies/ripple/
Most people don't look at the total coin supply, and that's exactly what people behind these pumps aim for ~ to make noobs jump over and settle on their ship full of worthless premine coins.
At the end, real world usage is the main point that you should focus on. Ether, XRP, Dash, and the list goes on, they are all being pumped like never before, but they barely enjoy any sort of usage aside from speculation.
At the end, real world usage is the main point that you should focus on. Ether, XRP, Dash, and the list goes on, they are all being pumped like never before, but they barely enjoy any sort of usage aside from speculation.
Ether is the currency of choice for ICO's now, its true however that it has little other usage, XRP and Dash I agree aren't very good for anything but speculation.
I think its a sign that the market is big enough to accommodate more than 1 crypto, I don't think bitcoins position as number 1 is going to be threatened anytime soon though.
this could have been true if the market cap grew with a more logical speed not with the speed that it grew in the past month.
did you even know that the total market cap of altcoins alone has grown about 25,000,000,000 USD in past month alone?! if that is not screaming bubble to you then maybe you don't want to hear it.
and by the way bitcoin is number because all the other altcoins are pretty terrible. if there was any half decent ones they would have already grown big not go into a pumping bubble.
You have a good point about the speed but consider that they may have been undervalued before. What I really look at is the fact that a lot of alts are actually quite good, it is true in the past alts were generally trash but they are now pushing the limit of what is possible with blockchain technology. By comparison bitcoin is a very basic crypto and its only enjoying top status because it was the first, had it arrived at the same time as the other alts it would have never made it to the top.
I believe a lot of alts will crash but I think there will be several that will survive and the market definitely can accommodate them now.
Most people don't look at the total coin supply, and that's exactly what people behind these pumps aim for ~ to make noobs jump over and settle on their ship full of worthless premine coins.
At the end, real world usage is the main point that you should focus on. Ether, XRP, Dash, and the list goes on, they are all being pumped like never before, but they barely enjoy any sort of usage aside from speculation.
At the end, real world usage is the main point that you should focus on. Ether, XRP, Dash, and the list goes on, they are all being pumped like never before, but they barely enjoy any sort of usage aside from speculation.
these guys understand it
in short make an alt with 5trillion coins premined.. put ONE.. yes ONE coin on an exchange and sell it to yourself for $1.. yes spend just $1.. and BAM market cap of that coin is $5trillion
market caps are a MEANINGLESS number. its a bubble number backed by nothing.
there is not $5trilling backing the premined coins i used in my example. just like there are not $28+billion in bank accounts backing bitcoins market cap. nor any other altcoin.
the sooner people realise this and stop giving a crap about market cap, the better.
here are things people SHOULD care about:
how many merchants accept coin X
how many employee's are working to do something within a certain coin, (devs, consultants/trainers, convention organisers, device(HWwallet/asic,etc) manufacturing employees, payment processors/exchanges etc, etc)
how many users a coin has
though some of these details are not easy to find. they are a hell of a lot more important stat than market cap
Bitcoin's share of the total marketcap (not its dominance) is decreasing because of a very simple math.
market capitalization = supply * price
increase the supply you increase the marketcap.
increase the supply to a ridiculous number like 100 billion you get a ridiculously big marketcap.
now have hundreds of altcoins with ridiculous numbers you get a huge total marketcap in which bitcoin has a tiny share.
market capitalization = supply * price
increase the supply you increase the marketcap.
increase the supply to a ridiculous number like 100 billion you get a ridiculously big marketcap.
now have hundreds of altcoins with ridiculous numbers you get a huge total marketcap in which bitcoin has a tiny share.
Good thing that no one cares. There are hundreds of completely worthless alts with market caps of >$1,000,000 even if their trading volume is just a few thousand. All it takes is a meaninglessly large supply.
in short make an alt with 5trillion coins premined.. put ONE.. yes ONE coin on an exchange and sell it to yourself for $1.. yes spend just $1.. and BAM market cap of that coin is $5trillion
market caps are a MEANINGLESS number. its a bubble number backed by nothing.
there is not $5trilling backing the premined coins i used in my example. just like there are not $28+billion in bank accounts backing bitcoins market cap. nor any other altcoin.
the sooner people realise this and stop giving a crap about market cap, the better.
here are things people SHOULD care about:
how many merchants accept coin X
how many employee's are working to do something within a certain coin, (devs, consultants/trainers, convention organisers, device(HWwallet/asic,etc) manufacturing employees, payment processors/exchanges etc, etc)
how many users a coin has
though some of these details are not easy to find. they are a hell of a lot more important stat than market cap
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