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

ScriptYoYo

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

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Learning the troll avoidance button :)

Quote from: Minecache on May 16, 2017, 05:02:59 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

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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

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Terminated.

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

machinek20

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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

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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

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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

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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

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BTC to the moon is inevitable...

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

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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

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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

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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

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