BTC dominance halved - page 3. | Bitcointalksearch.org

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legendary

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Quote from: gabmen on January 28, 2018, 10:42:46 AM

Eventually bitcoin will be overtaken. Though not in the next couple of years.

Bitcoin won't get overtaken you coin jumper. With Lightning Network coming closer it's going to be a challenging time for altcoins - which ones will become even more redundant than they already are, and which coins with an actual purpose will manage to keep growing. I wouldn't want to hold any shitcoins with this in mind.

Quote from: gabmen on January 28, 2018, 10:42:46 AM

Bitcoin will still be the top cryptocoin for now but expect the alts to have their fair share of the market.

The problem with people paying attention to "Bitcoin's dominance" that's based on an utter nonsense metric as market cap, is that they don't understand that Bitcoin can ONLY lose in this aspect. It's the entire altcoin market versus just one single coin called Bitcoin. Do you seriously think it's fair for people to keep referring to Bitcoin's shrinking market cap dominance?

stompix

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Blackjack.fun

Quote from: Indrawan77 on January 29, 2018, 09:39:10 AM

Its not wrong that bitcoin dominance is decreasing and a lot of investors has swapped to alt coin to make profit and some of them not using bitcoin anymore because the fee ia super expensive, if the developer could decerease the fee and increase the speed transaction then people will back to bitcoin, so I don't really worry about the dominance, if bitcoin could upgrade then its just the matter of time people back to invest btc

https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0

1$ fee to move more than 400 millions $

Is that expensive?

Indrawan77

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Its not wrong that bitcoin dominance is decreasing and a lot of investors has swapped to alt coin to make profit and some of them not using bitcoin anymore because the fee ia super expensive, if the developer could decerease the fee and increase the speed transaction then people will back to bitcoin, so I don't really worry about the dominance, if bitcoin could upgrade then its just the matter of time people back to invest btc

stompix

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Blackjack.fun

Quote from: andhovesyan on January 28, 2018, 12:16:08 AM

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

?

BrewMaster

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There is trouble abrewing

Quote from: andhovesyan on January 28, 2018, 12:16:08 AM

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"?

no mate, it still is the same thing as before. the same pump and dumps are happening in altcoins as before and bitcoin % of market cap is going down because there are 50-100 new altcoins created with a lot of market cap and also the big bloated altcoins with huge market caps were pumped (like ETH and XRP) and that contributed to the total bloated market cap a lot.

Quote

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?

yeah it will happen. it has already happened with XRP, its total market cap is so much bigger than bitcoin's.
that is how market cap works. you create a HUGE number of coins (100 billion or 1000 billion should do) then you only have to pump your coin to $1-$5 and you will have a bigger market cap from bitcoin.
easy peasy lemon squeezy Grin

miyaka26

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Quote from: UnusualLeech045 on January 28, 2018, 12:18:43 AM

Quote from: andhovesyan on January 28, 2018, 12:16:08 AM

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?

Not possible mate. Even if the dominance of BTC had decreased, you can still see clearly that the price movement of all the alts is too dependent on BTC.

Some of the altcoins are now independent by the movement of the price of btc but don't get me wrong
the majority is still dependent on the price of bitcoin, it has something to do by the decrease of its price for almost 50%
goes down to 10k to 13k bracket price added by the vast amounts of altcoins who are emerging to crypto market
to cope the needs of the increasing investors every day, some of them are interested in other altcoins rather than bitcoin who lacks some great features which some altcoins have, I think that's the reason why the dominance falls for almost 30%.

gabmen

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Quote from: andhovesyan on January 28, 2018, 12:16:08 AM

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?

Eventually bitcoin will be overtaken. Though not in the next couple of years. Btc's pump latter part of 2017 made a lot of people interested not just in bitcoin but in crypto in general, hence alts were also noticed and their potentials. Bitcoin will still be the top cryptocoin for now but expect the alts to have their fair share of the market.

andhovesyan

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Quote from: UnusualLeech045 on January 28, 2018, 12:18:43 AM

Quote from: andhovesyan on January 28, 2018, 12:16:08 AM

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?

Not possible mate. Even if the dominance of BTC had decreased, you can still see clearly that the price movement of all the alts is too dependent on BTC.

You're right, currently it's still so, since most of alts trading are possible against BTC, so you always need to buy BTC at first, also BTC is kind of a brand and many people thinks it's the only cryptocurrency. But will BTC still dominate when the crypto currency reaches "ordinary people"?

cpfreeplz

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Something will pass at some point if the tech doesn't improve drastically and soon. Nobody likes the $10-$20 fees to send a transaction, and it makes the whole thing seem pointless. Once we're seeing normal tx fees again we'll see steady gains. I don't really understand how Bitcoin surged so much with all of these scaling issues, but I love it. I never complain when my Bitcoin is worth more!

UnusualLeech045

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Quote from: andhovesyan on January 28, 2018, 12:16:08 AM

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?

Not possible mate. Even if the dominance of BTC had decreased, you can still see clearly that the price movement of all the alts is too dependent on BTC.

andhovesyan

jr. member

Activity: 154

Merit: 2

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?

Topic: BTC dominance halved - page 3. (Read 471 times)