BTC dominance halved | Bitcointalksearch.org

preditor422

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Quote from: andhovesyan on January 27, 2018, 11:16:08 PM

BTC went up - alts went down, BTC went down - alts went down, this was the case before December, when cryptocurreny market pumped last time.
But according to coinmarketcap BTC dominance in crypto market is 34%, though it was more than 60-70% on September, doesn't it mean that people started paying more attention ta altcoins and so alts eventually becoming more "independent"?
I don't think it will happen this year or even next, but don't you think that some top altcoins may bypass bitcoin in the near future?

I totally agree with you as we can understand that bitcoin is the core of the cryptocurrency and has dominated this market from long time,Infect this market started with bitcoin only but one think everyone needs to understand that no one or nothing is invincible and everyone has its own time and after that time he needs to step down in decent language we can say Retirement.Bitcoin has to retire from this no.1 position and Another coin has to take that position.Right now it is only ETH who has shown this much promise and this would not be easy for ETH at all.But it is high time people accept this reality.

capoeira

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you can't realy make calculations with the total market cap of all cryptos. most of the alt coin caps is not bought with money but BTCs

Fredomago

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Quote from: Kunlejoe0 on January 31, 2018, 01:45:01 AM

Honestly speaking it has started looking like bitcoin may have to seriously fight for it's number one position in the future. Many altcoin are catching up to bitcoin even surpassing it in terms transction , security and speed. We are going to see suprises in cryptocurrency market soon.

We can't avoid this to happen as cypto coins really doing progress where bitcoin can be overtaken by another project in terms of new offers, with speed, fees and more advancement for sure it will attract investors and it will bring a good competition behind this industry, bitcoin movement as of now really
a basis where the market will go, but sooner or later there will be another crypto that will also dictates its own destiny.

ASHLIUSZ

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Bitcoin dominance still found, but there are altcoins that are quite stable enough than bitcoin's large scale price drop. For this reason people have switched to different altcoins. This might have caused a decline in the market capital, but the dominance over the cryptocurrency world still exists.

stompix

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Quote from: DiceChain on January 31, 2018, 02:47:07 AM

Many people have stopped investing in bitcoin. They are focused on investing in altcoin or ETH, so the downside of Bitcoin is of course. maybe next year bitcoin will be crowned No. 1

If they have stopped investing in BTC and are dumb enough to invest in ETH and other shitcoins...
Why is the value of all those altcoins going down also?

Quote from: poplolnman on January 31, 2018, 12:14:33 AM

Market capitalization could be one of top reference to see how good the product it is but of course it's not everything to decide which one the best, which one have much more functionality etc. market capitalization of bitcoin decreased due lack of development on the blocksize problem and then people looking for alternate to put their money in, we might can see how ripple climbed up, ethereum getting closer to bitcoin marketcap and tons of good altcoin grow and developed in the last couple of months.

Market capitalization means 0. Zero. Nada.

https://coinmarketcap.com/currencies/bitconnect/
2.7 billions > 80 millions in a flash

And soon enough Tether will show you another example of BS marketcap.

Even so, you're assuming that based on marketcap , Bitcoin Gold is better than Doge....why? one single reason?
And I know it's not about people accepting the coins since Doge is probably in the top 10 on that.

Good altcoins? If they are that good, just as I 've already said above, why do they follow BTC wagging tails like a neutered dog?

izanagi narukami

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Usually when bitcoin is on uptrend, altcoin will in downtrend since they adjust based on bitcoin value but for some altcoin that still uptrend then those altcoin also have high demand just like bitcoin.
As for now mostly bitcoin is on red either do altcoin , but IMO they wait for a momentum to increase so just prepare to keep Hold

criz2fer

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I think it about time that etherium can beat bitcoin in dominance. Etherium become higher this past few weeks, little by little just like what happen to bitcoin that continually increase month by month which many people dint expect to grow that fast. I think ETH will overtake bitcoin this year thats why both currency are in my list of investments.

yugyug

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Bitcoin as we say as the mother of all blockchain, decentralised currency and cryptocurrency, it is still dominate in all level of coins as it is the first being known for cryptocurrency and widely adopted than any other coins. Some alt coins has rose rapidly but can not sustain its longevity due to less community support unlike bitcoin.

DiceChain

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Many people have stopped investing in bitcoin. They are focused on investing in altcoin or ETH, so the downside of Bitcoin is of course. maybe next year bitcoin will be crowned No. 1

naidray

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Quote from: Kunlejoe0 on January 31, 2018, 01:45:01 AM

Honestly speaking it has started looking like bitcoin may have to seriously fight for it's number one position in the future. Many altcoin are catching up to bitcoin even surpassing it in terms transction , security and speed. We are going to see suprises in cryptocurrency market soon.

Why it has to fight for number one position, when the dominance is not by one single competitor. When there will be one huge project which will be competing against bitcoin prices then I guess we need to consider that seriously. Bitcoin is alone computing against the rest of all other crypto currency hence it is obviously the rest of crypto currency will take the dominance.

The market cap and the dominance of crypto world are some comparative tools other than that they will be having any significant importance for the growth of entire crypto world. So, I believe we do not need to consider the recent dominance of altcoins more serious.

Kunlejoe0

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Honestly speaking it has started looking like bitcoin may have to seriously fight for it's number one position in the future. Many altcoin are catching up to bitcoin even surpassing it in terms transction , security and speed. We are going to see suprises in cryptocurrency market soon.

poplolnman

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Quote from: richardsNY on January 29, 2018, 03:45:38 PM

Good to see that at least some people in this thread understand how insignificant Bitcoin's "decreasing" dominance is. It's pretty annoying how noobs keep thinking that a market cap is the only thing that matters, while in reality it isn't. I have seen a $1000 billion market cap shitcoin already last year, and that was before Bitcoin's bull run started -- does that mean Bitcoin has been demolished by that shitcoin? Noobs speak please.... Because if we have to believe the general faulty logic of the people here, then it basically means that Bitcoin has been overtaken, surpassed, rekt, etc.

Market capitalization could be one of top reference to see how good the product it is but of course it's not everything to decide which one the best, which one have much more functionality etc. market capitalization of bitcoin decreased due lack of development on the blocksize problem and then people looking for alternate to put their money in, we might can see how ripple climbed up, ethereum getting closer to bitcoin marketcap and tons of good altcoin grow and developed in the last couple of months.

royale143

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Quote from: andhovesyan on January 27, 2018, 11:16:08 PM

BTC went up - alts went down, BTC went down - alts went down, this was the case before December, when cryptocurreny market pumped last time.
But according to coinmarketcap BTC dominance in crypto market is 34%, though it was more than 60-70% on September, doesn't it mean that people started paying more attention ta altcoins and so alts eventually becoming more "independent"?
I don't think it will happen this year or even next, but don't you think that some top altcoins may bypass bitcoin in the near future?

For now, I agree. I may not be able to quantify it as 'halved', but I think that right now the dominance in the cryptocurrency market is shared because bitcoin's value is in a stand still, if not, decreasing. However, come the time when it catches fire once again and surge in value, I think that it will also regain that sole 'king of the hill' title it always possessed.

btcformula

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It's market rules, nothing can grow continuously. It's time for alt coin. Also people love big profit that can give alt coin now. So we need to wait for some time.

Quonelet

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Quote from: andhovesyan on January 27, 2018, 11:16:08 PM

BTC went up - alts went down, BTC went down - alts went down, this was the case before December, when cryptocurreny market pumped last time.
But according to coinmarketcap BTC dominance in crypto market is 34%, though it was more than 60-70% on September, doesn't it mean that people started paying more attention ta altcoins and so alts eventually becoming more "independent"?
I don't think it will happen this year or even next, but don't you think that some top altcoins may bypass bitcoin in the near future?

There is a lot of information from many countries regarding the Bitcoin ban in their country, which has had a significant impact on its price. But I also think it has gone up too high in the years apart, and now it goes down to stabilize its price. It will continue to go down, and I think the amount of 8,000 is a stable figure for a long time.

The_Dark_Knight

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Quote from: andhovesyan on January 27, 2018, 11:16:08 PM

BTC went up - alts went down, BTC went down - alts went down, this was the case before December, when cryptocurreny market pumped last time.
But according to coinmarketcap BTC dominance in crypto market is 34%, though it was more than 60-70% on September, doesn't it mean that people started paying more attention ta altcoins and so alts eventually becoming more "independent"?
I don't think it will happen this year or even next, but don't you think that some top altcoins may bypass bitcoin in the near future?

You are comparing one of the lowest points in market dominance against one of the highest point in the previous year, so the difference is huge, also as time passes the dominance is going to get lower as more projects that are worth our investments begin to appear, so this is nothing to be surprised about, however the day a coin could surpass bitcoin in market cap is still very far away.

Kavallo

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Quote from: [email protected] on January 29, 2018, 09:20:03 PM

Bitcoin is now 33% and Ethereum is 20%. The flippening will be upon us soon!

Today it has been quite tough for Bitcoin... Bitcoin under stress by bears' selling pressure, fighting on the 10K line, most alts tanking and Ethereum in full bull mode rising... Puzzling.

Jating

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Quote from: [email protected] on January 29, 2018, 09:20:03 PM

Bitcoin is now 33% and Ethereum is 20%. The flippening will be upon us soon!

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Are you serious? You are just trolling. Ripple was said to be the next top coins but what happened? They said the same about Ethereum June 2017, how did it go?

Quote from: AliCris on January 29, 2018, 11:09:40 PM

Known cases when coinmarketcap deliberately distorted the market figures. So I don't have much to rely on their performance. Bitcoin every year it happens, rollback to the previous positions. But after some time he returns. The same thing will happen this time.

Wasn't aware of such shady involvement of CMC deliberately distorted figures. Although I have seen them promoting scammy ICO's on their website.

Quote from: Kavallo on January 29, 2018, 03:48:46 PM

I am puzzled too by the meaning of BTC dominance to be so low. In fact it is an all time low, so it is difficult to find comparisons to help understanding. It could both mean that it is now time to sell alts and go back to Bitcoins, and the opposite...

For some they really blown it out about this Bitcoin dominance. With bitcoin at a top 60% no one is bitching about it. But now they are trying to make a big fuss out of it. Doesn't make sense at all.

andhovesyan

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Quote from: stompix on January 29, 2018, 08:09:24 AM

Quote from: andhovesyan on January 27, 2018, 11:16:08 PM

But according to coinmarketcap BTC dominance in crypto market is 34%, though it was more than 60-70% on September, doesn't it mean that people started paying more attention ta altcoins and so alts eventually becoming more "independent"?

No, it simply means one thing.
You should stop looking at coinmarketcap.

That site is one of the reasons why of all noobs wanna be whale traders are going to get fleeced.

What is this marketcap?
A number that is made out of thin air by companies or gangs :
-"printing" coins out of thin air and claiming they are worth 1% but refusing audits? (thether)
- a centralized coin where they can print 100 millions sell 1 for 5 and here you go....(ripple)
- a ponzi like bitconnect?
- a coin like segwit2x? (yeah there is one!!)

Those shiny numbers mean nothing.
It's not like marketshare in the auto industry where Ford can't make 1 million cars out of the blue and then sell them to itself.

Unfortunately there is no number by which you can claim dominance, as the ones that might be reliable in other markets are easily faked here.
- number of transactions? - easily faked when you pay 1 doge fee
- volume of coins moved around - easily to fake just moving coins between wallets (again with 1 doge fee)
- number of active addresses (easily faked) , 1 tx with 1000 outputs
-number of addresses with a balance > same as above

Probably the only indicator for market dominance would be shops accepting that coin...
Bitcoin Atms (2127), shitcoin one? Huh

?

Of course, you are right saying that market cap's utility is overvalued, the best example is bitconnect when market cap decreased 10 times, while trading volume was 10 times lower and I'm also agree that we shouldn't take into account centralized currencies.
But I don't think you will argue, that coins like Ehereum, Monero, Litecoin, Dash, IOTA has a real value, they are becoming more popular every day and the difference with Bitcoin started to decline. And, please, correct me if I'm wrong, but I think ETH is more stable during current dump than BTC.

semarmesem195

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Quote from: Tactical Genius on January 29, 2018, 10:58:57 PM

To me the dominance of bitcoin reducing gradually is a sign that people are noticing better options when investing in cryptocurrencies.People hear more about bitcoins but when they start investing they realize there are way better options than bitcoin and i believe with time the btc dominance will eventually be no more.

I don't think that way. It's true that overall people are looking for new coins for better and more profitable investments, but i'm not sure if bitcoin dominance will disappear (nothing). Seeing that bitcoin still occupies No. 1 in the crypto sequence is still a proof that bitcoin still dominates. Why do you just think bitcoin dominance will cease to exist? Realistically altcoin also much decline, look at https://coinmarketcap.com although there are some altcoins that rise, whether altcoins that rise it will immediately dominate? The answer is "No".

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