BREAKING NEWS: Bitcoin Dominance < 50% - page 3.

ScriptYoYo

full member

Activity: 159

Merit: 100

Quote from: buenav on May 16, 2017, 05:06:51 AM

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.

Bitcoin is not under threat, because when the bubble bursts all the money will return to bitcoin. It is the best, but for development, fluctuations in price are necessary.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: Minecache on May 16, 2017, 04:02:59 AM

This is fast breaking news. For the first time ever this morning bitcoin fell below 50% market share of all crypto.

Updates to follow...

Market cap is not the most important metric when measuring adoption but it is an interesting one looks like the migration towards altcoins is well underway although I expect some sort of correction.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

Ripple market cap should come back to below 2 billion in my opinion , the ripple bubble will burst soon and these money should come back to bitcoin or at least to a less scummy alt Grin

anyway these days I don't care about the dominance , cause the price of bitcoin is really nice and all of us made profit

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Fake market caps are really "breaking news". Ripple is not even a crypto-currency like Bitcoin. Maybe you should use this Metric:

machinek20

hero member

Activity: 840

Merit: 501

I was quite shocked that bitcoin dominance could fall down under 50%, I think it is caused by the alt coin which has a good price in this few weeks and caused more people to invest in alt coin, but in the end all will come back to bitcoin because there are no place that accepted alt coin

1Referee

legendary

Activity: 2170

Merit: 1427

Ripple is going nuts with a market cap of nearly $12 billion right now. I feel really sorry for those that enter the market at such ridiculous levels. But this isn't anything surprising, neither is interesting. The far majority of the coins are in the hands of a few entities that nearly fully control the supply of circulating coins. It basically means that a very low number of coins is available on-exchange, and thus it's easy to pump the price to insanely high levels (as is happening right now). It's purely an artificially created shortage of tradable coins. It has absolutely nothing to do with legit demand that causes the price to go up.

Qartada

hero member

Activity: 546

Merit: 500

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.

Plus, hate to break it to you but Ripple barely counts.

No single altcoin is even halfway to Bitcoin, and even if they overtook it no one should care.

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

Doesn't really mean much, bitcoin is so much further ahead in every other aspect. New altcoins are popping up all the time so it's only natural that bitcoin's dominance will drop below 50%.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: buenav on May 16, 2017, 05:06:51 AM

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.

buenav

member

Activity: 87

Merit: 10

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.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

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

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

This is fast breaking news. For the first time ever this morning bitcoin fell below 50% market share of all crypto.

Updates to follow...

Edit to add article:

https://www.forbes.com/sites/laurashin/2017/05/16/for-first-time-bitcoin-accounts-for-less-than-half-of-market-cap-of-all-cryptocurrencies/?s=CuttingEdge

Topic: BREAKING NEWS: Bitcoin Dominance < 50% - page 3. (Read 2362 times)