BTC Dominance on CoinMarketCap - page 12.

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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.

I think bitcoin dominance still high in the market and not just in the CMC because people still believe and choose bitcoin as the main investment. I think the dominance will stay remain at the market and it is hard to replace the bitcoin at the top level of the cryptocurrency. As long as bitcoin still the leader of the cryptocurrency, the other coin will only follow with the bitcoin especially for the movement at the market.

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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 of bitcoin is very strong in various exchanges, especially in CMC. now the influence of bitcoin is very large, no wonder if bitcoin becomes the biggest and controls almost 62% cryptocurrency

partysaurus

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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%

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.

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Quote from: Austin_Lord on July 06, 2019, 09:04:04 AM

Quote from: Dontme on July 06, 2019, 08:54:55 AM

Bitcoin will always be the number one crypto in coinmarketcap or in any crypto ranking site.

No doubt it will alwayas remain on top in cryptocurrency...

How can you be so sure? That is a bold statement to make.

Maybe a competitor will dethrone it in a few years or so. I keep an open mind about this.

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Quote from: JollyGood on July 07, 2019, 06:05:13 AM

The BTC dominance has grown from around 50.3% a couple of weeks ago to 62.4% today because other crypto have not climbed as steeply as Bitcoin and because the trash/pathetic tokens and coins have been exposed which means more and more people leaving those behind or cutting their losses but not necessarily purchasing other crypto.

Bitcoin dominance is great but to what percentage? At what point does it start damaging other crypto and stops them being real competitors?

This is not a market that was created for equal competition at all bro.

Bitcoin was released as a mean to revolutionize the worldwide monetary system in a meaningful way. Not, the fact that some decided to be copycats is not Bitcoin's fault. Nothing else is really needed.

Everyone can release whatever they want and the ones who enjoy it can keep it alive with their investments but pretending to be equal or closely equal to the innovator, forget about that since the beginning because it won't happen.

Pab

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There was even 65%
To check bitcoin dominance i am looking BTC vs top alts
Specially btc-eth .Traders are often securing his btc positions by switching to top alts
That way i have instant market outlook

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Quote from: Austin_Lord on July 06, 2019, 09:02:06 AM

The dominance of bitcoin is gradually increasing.. no one will take place the bitcoin.. Bitcoin will always remain top in cryptocurrency No Doubt....

The BTC dominance has grown from around 50.3% a couple of weeks ago to 62.4% today because other crypto have not climbed as steeply as Bitcoin and because the trash/pathetic tokens and coins have been exposed which means more and more people leaving those behind or cutting their losses but not necessarily purchasing other crypto.

Bitcoin dominance is great but to what percentage? At what point does it start damaging other crypto and stops them being real competitors?

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Compared to other cryptocurrencies that do not inspire confidence, any bitcoin sale on the market occurs only because of the desire to make money, and not because Bitcoin loses its relevance. Based on this, price fluctuations will always exist and will earn money on this, because the most important attraction of Bitcoin is its unstable price.

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Quote from: YuginKadoya on July 06, 2019, 08:21:05 AM

I think many will agree that Bitcoin will not change in pace with its dominance even if some Altcoin will come closer to it, I really think that this can not be a subject anymore it is pretty obvious that it will not change anything but I guess there is a specific thing for other altcoins that is for a change and other traders does love the volatility in it and a likable cheap price from all other coins, So in my opinion even if Bitcoin does take the center stage in the Coinmarketcap Altcoins will sure have a spot for traders and investors alike even if they didn't end up in the top.

It is true that domination does not affect the price of bitcoin, in my opinion market domination is only a measure of competition. The price issue is not determined by market dominance, it remains on demand and supply. The dominance of the bitcoin market is very high, I don't think there will be an altcoin that can surpass it.

antisocial77

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even bitcoin dominance is drop, it doesnt mean people sell their bitcoins if marketcap is getting bigger.its a bitcoin percantage according to total market.

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Quote from: Dontme on July 06, 2019, 08:54:55 AM

Bitcoin will always be the number one crypto in coinmarketcap or in any crypto ranking site.

I see no evidence of that. It is entirely possible that your forecast will be right but it is equally plausible that another innovation will over take Bitcoin or that it will be forked again and another battle such as the BTC/BCH will happen and on that occasion divide the community like never before.

Dominance by Bitcoin will probably not last forever but it will probably be dominating for a long time to come.

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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%

A year and a half ago Bitcoin dominance went down to all-time low
Somehow, Bitcoin still was the most dominant coin in the ecosystem

Being a pioneer gives bitcoin extra power that also in the future might not have a direct relation to the dominance percentages

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Bitcoin has the major media and news outlets backing it up with interviews, stories, price charts, and discussions so I am not surprised that it has such a large market capitalization. I would invest in Bitcoin for its safety as a public crypto asset and perhaps others that will evolve with the growth of the blockchain and its integration into our systems.

markgayamo

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We all know that btc has a big value in cryprocurrency the price is getting higher in each year. But sometimes the price foes up and down in the market. Coinmarketcap is a site that you can check the price of your coins and altcoins. If you want to make a profit you can buy or invest coins or you can do the trading. Btc is the future money.

sixtyonefourfive

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I think the altcoins will run regardless of bitcoin dominance as they are heavily oversold and the return on investment will be better on altcoins than bitcoin from this point forward. Hint: HST decision token

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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%

Bitcoin dominance is also moving up and down depending on the current market situation. This time, since Bitcoin is a bit more aggressive than the alts, it is expected that Bitcoin dominance is high. But when the time the alts will start its bullish rally, we will also expect that the dominance of Bitcoin will lessen. I am good at 50% Bitcoin dominance. It cannot be too lower than that. That is enough for Bitcoin to remain at the top of all.

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Quote from: Dreamchaser21 on July 06, 2019, 08:49:57 PM

Quote from: joinfree on July 06, 2019, 08:02:44 PM

The dominance of bitcoin over the crypto market has risen again as it is currently over 60% and this has caused a gradual increase in the entier market cap which has risen over $300 B. i think this is a good sign showing an imminent bull run.

Yes, its a sign of bull run and i don’t see any threat for altcoins on that because in the first place Bitcoin really dominates the market. We will see a more dominance of bitcoin if we make another ATH, this is a challenge for altcoins to follow that or else they will be dead and can’t follow the price uptrend.

I think we don't have to wait for a long time from now on to see bitcoin price will get another bull run and I hope that it will trigger the price to rises so high. The altcoin will follow bitcoin, that is for sure, but I think we will going to see the altcoin to increase the first time and then bitcoin price will start the rally. Bitcoin dominance still happens in the market, and I think many people are now trying to buy more bitcoin because, in the future, bitcoin price will rise at the highest price.

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Quote from: JollyGood on July 06, 2019, 11:50:07 AM

If BTC falls to 10% dominance then it must affect the price so on that I disagree with you.

In the OP I was not asking for opinions about what percentage of BTC dominance would allow for a better playing field for the other crypto to be taken more seriously and be more competitive.

no, actually if this so called dominance were to drop to such low percentages it may actually wake most people up so that they stop using market capitalization as the comparison for determining "dominance" and as soon as they replace it with something meaningful, this percentage jumps back up.

not to mention that people don't buy bitcoin because of some nonsense percentage on a website! they buy it because they either like the technology and what it offers or are speculating its price is going up. none of which is affected by whether it shows 99% or 1% "dominance" on coinmarketcap.com

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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%

there is no need for anything for bitcoin to continue to dominate the crypto market, because in fact bitcoin is the most sought after to invest, as much as any new coin that appears to rival it, I don't think it's easy, bitcoin remains a favorite for everyone, and I think it's enough for I hear bitcoin is the mother of all altcoins ... !!

sixtyonefourfive

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Bitcoin dominance will reverse shortly, then altcoins will run hard. That's why 100% of my portfolio is on the altcoin called HST decision token

Topic: BTC Dominance on CoinMarketCap - page 12. (Read 2470 times)