BTC Dominance on CoinMarketCap - page 10.

Johnzky

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Quote from: JollyGood on July 06, 2019, 04:29:23 AM

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is: 62.6%

This even grow higher as day passed by,today it sits at 65.2% domination from all of the coins growing more than 8% on capitalization as the time I am typing

Altcoin has also supporters that’s why the space don’t come to large by gap so this is the market goes and must be

omone1

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The dominance of bitcoin is just very huge, but there is nothing anyone can do about this because bitcoin has proven itself to be superior to every other coin available in the market. I would have love it should bitcoin dominance reduce to 20% but people have more trust on it. Altcoins will have to keep struggling until the total coinmarket becomes very robust.

jakelyson

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I think there was a time that the dominance of bitcoin was dropping to below 50%. That was the time when altcoin like ETH and Ripple was rallying. That would be a healthy competition for cryptocurrency. But now, bitcoin is above 60% in dominance. I think a 30-40% market share for all altcoins is enough since most of them do not have real use anyway. Only a handful of altcoins can be considered useful cryptocurrency and should have a share in the market.

777Jolami

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This is understandable. Bitcoin has formed and developed over the past 10 years and has become the common standard of the crypto market. Bitcoin is a spice of love in this market. Imagine, bitcoin will rise to higher values in the future. The next transformation will be in Halving at 2020.

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Quote from: btc78 on July 06, 2019, 11:34:31 AM

Quote from: creeps on July 06, 2019, 04:57:25 AM

Quote from: JollyGood on July 06, 2019, 04:29:23 AM

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is: 62.6%

The dominance of bitcoin is getting higher because of many failed altcoins, and they are dying so people choose to transfer on bitcoin. A big portion are still filled by many top altcoins and I believe they will also do their best to stay on that position, its really a battle of survival. I’m happy that bitcoin still dominate the market, better to hold more.

Not only those dying altcoins mate because if you will check the movement of good altcoins or even those stable coins yet the capitalization is lowering meaning some of their investors are taking support and going into Bitcoin so I think this is the reason why the dominance of this number 1 ranked coin is growing up to 62% and maybe even getting higher in future.but this is not a reason to withdraw support from alts instead use this an opportunity to buy more so when the trend change profit will be on your side as well

If Bitcoin dominance goes over 62% it still leaves space for others to get involved albeit at a lower percentage but if BTC dominance is lower it would allow others a larger share of contribution.

So much profit can be made from altcoins if the timing of buying and selling is right and in that case dominance percentage of Bitcoin falls by the wayside.

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Quote from: JollyGood on July 10, 2019, 06:16:09 AM

Quote from: Zentachain1990 on July 06, 2019, 10:58:46 AM

People see BTC as the safest cryptocurrency every time the market moves, whether good or bad, as BTC is a safe harbor, and BTC dominance is increasing or decreasing.

That was not the question in the OP.

The question was about the percentage of dominance that keeps Bitcoin dominant but also allows others to play catch-up

I do not remember such statistics even in 2017, during the bull run. It seems to me, that time, Bitcoin dominance was a bit over 62%, and now, it is over 66%. All this stuff can affect altcoins and let them stop for a while.

Erickan

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Bitcoin is always a top priority when large and small investors enter the crypto market, which attracts most of the inflow of capital into the market. Moreover, too much shitcoin, poor quality, makes investors no longer interested in altcoin. I think bitcoin can increase its dominance by up to 70%, which is entirely possible.

ExFrozze

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Quote from: izanagi narukami on July 10, 2019, 07:58:16 AM

This is why I choose bitcoin over 5 years.
Sometimes I confuse about people who try to choose something risky over something less risky.

But as we all know that crypto trading getting bigger and it's normal things to see in trading world's , isn't it ?

BTC is the dominance that exists. but in every cryptocurrency trip, there will be people who adopt the bitcoin blockchain, of course it is a new project, but bitcoin will remain at number one

Bitcoin Seller

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Quote from: partysaurus on July 07, 2019, 07:35:27 AM

Quote from: JollyGood on July 06, 2019, 04:29:23 AM

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is: 62.6%

but the number of alts are unimportant becuse i would say 99 % of the are complete shit, so 62% seems abit high with that amount of cryptos outthere but its realy not , i think it should be something like 70% that would make sence to me.

This statistics simply demonstrate the interest of investors. Most of them trust Bitcoin, first of all, and invest their money in BTC. Now, when Bitcoin gains more than alts, more people prefer to buy exactly this crypto.

alrose

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Quote from: Upgate on July 08, 2019, 11:05:14 AM

The dominance of bitcoin has come to stay and no coin can challenge it. I really dont see any altcoin closer enough to challenge or get to it's level in years to come. And this not what we expect, we want to see other altcoin skyrocket with it with the same velocity

No wonder that in the circle of crypto community bitcoin is called ,,the father of cryptocurrencies,,!Hence its dominance.Catch up or overtake or even become in a row with bitcoin at the moment can not any altcoin.

izanagi narukami

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This is why I choose bitcoin over 5 years.
Sometimes I confuse about people who try to choose something risky over something less risky.

But as we all know that crypto trading getting bigger and it's normal things to see in trading world's , isn't it ?

rafajunior99

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Quote from: Bitcoin Seller on July 08, 2019, 02:59:20 PM

Quote from: partysaurus on July 07, 2019, 07:35:27 AM

Quote from: JollyGood on July 06, 2019, 04:29:23 AM

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is: 62.6%

but the number of alts are unimportant becuse i would say 99 % of the are complete shit, so 62% seems abit high with that amount of cryptos outthere but its realy not , i think it should be something like 70% that would make sence to me.

This statistics simply demonstrate the interest of investors. Most of them trust Bitcoin, first of all, and invest their money in BTC. Now, when Bitcoin gains more than alts, more people prefer to buy exactly this crypto.

Maybe this can only be said to be a temporary analysis and statistics for investors and provoke everyone to buy, because if they have already bought the price will continue to rise even though little by little and will make them profitable in the future. That is why many people want to invest in their stastic style that is very different.

JollyGood

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Quote from: Zentachain1990 on July 06, 2019, 10:58:46 AM

People see BTC as the safest cryptocurrency every time the market moves, whether good or bad, as BTC is a safe harbor, and BTC dominance is increasing or decreasing.

That was not the question in the OP.

The question was about the percentage of dominance that keeps Bitcoin dominant but also allows others to play catch-up

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Quote from: JollyGood on July 06, 2019, 04:29:23 AM

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is: 62.6%

The dominance will continue to grow because Bitcoin is the most profitable coin in the market, some coins just come and go but Bitcoin is always here to continue its dominance and worldwide adoption, people who are coming in the market will first invest in Bitcoin before looking for more coins to add to their portfolio.

Vishnu.Reang

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Quote from: JollyGood on July 06, 2019, 04:29:23 AM

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is: 62.6%

The dominance stands at 65% as of now. IMO, the value for most of the altcoins come from pure speculation and their user-base and acceptability is at a level that is only a fraction of Bitcoin. Two and half years back, Bitcoin enjoyed a dominance of around 86-87% (before going down sharply due to the influx of the ICOs) and in my opinion that represents its fair valuation.

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There is nothing surprising in the fact that BTC is dominant at CMC. BTC is the easiest way to earn for beginners.

JollyGood

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Quote from: Vaskiy on July 06, 2019, 10:49:14 AM

Yes, even if the dominance level of bitcoin fall low to 25% it will continue to be the dominant force of cryptocurrency. In the past once ethereum dominance level reached near to 35% and by that time was ethereum had its ath value. As the market is quite bullish I expect the dominance level of bitcoin to continue over the same region between 60%-65% through the year.

Do you think Ethereum will increase in dominance if Bitcoin decreases or do you thnk other crypto will benefit instead beacuse ETH might have had its day 19 months ago when it had its all time high?

Xardasim

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This lack of dominance could have led to worse outcomes (although the opposite might seem attractive). Because crypto has a unique identity, and it keeps it alive. Lowering this dominance leads to poor results. Even if this is decentralized, we need such a power.

muratsink

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of course, Bitcoin always has room for everyone who wants to make a profit, BTC is now stable between $ 11,600. even some of my friends sell houses to invest in Bitcoin. if he sells a house at a price of 1 BTC, and if at the end of this year BTC reaches $ 25,000. then he gets $ 15,000. it is a great profit. BTC always dominates in CMC, and in every analysis market, but I better choose to collect small pieces of BTC.

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Quote from: gentlemand on July 06, 2019, 10:38:52 AM

https://coinmarketcap.com/charts/#dominance-percentage

Check March 10th 2017.

This is what happened that day.

https://www.nytimes.com/2017/03/10/business/dealbook/winkelvoss-brothers-bid-to-create-a-bitcoin-etf-is-rejected.html

I always find it interesting how rarely mentioned the Winklevoss ETF refusal is in terms of setting off THE alt run. If it had passed they would've taken the shit of the century. The moment it didn't they exploded and have never really come back down.

It was a giant relief rally that they weren't going to be left behind in the legitimacy stakes.

This is still relevant as this time around Bitcoin is going to be legitimised in numerous ways that no alt ever will be, albeit in a subtler but more pervasive manner. Hardly anyone is building financial instruments for anything other than BTC. The 'alt season' meme may never be as potent again.

This is an excellent post. It is always a good idea to look back at historical data to see where we are today to where we were back then.

Crypto will grow and become more and more widely available. There will be numerous challenges from various individuals and group to governmental agencies that will try to either hijack, control or limit crypto usage. let us see what the future holds.

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