BTC Dominance on CoinMarketCap - page 2.

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Quote from: Oneandpure on October 30, 2019, 01:52:35 AM

Quote from: Sithara007 on October 29, 2019, 09:26:30 AM

The Bitcoin dominance is down to 67.5%, which is around one percent lower than what we had 24 hours back. And surprisingly it is not established altcoins such as Ethereum or Litecoin that is giving the biggest challenge to Bitcoin in its quest to dominate the cryptocurrency market. The coin which had the highest 24 hour price change (among the top 10) was Bitcoin Cash, which went up by 7%.

Both Ethereum and Litecoin have not managed to breach the major resistance levels. Ethereum is still trading at 0.0198 BTC per coin, while Litecoin is trading at 0.0063 BTC per coin. XRP is performing well, and has reached a price of 3222 Sat. Out of these three coins, only XRP has managed to move forward during the last 1-2 months. Others have all lost their value against BTC.

Bitcoin always dominance in coinmarketcap because almost investor just looking with bitcoin as investment than altcoin, they have big interested with investing on bitcoin than altcoin. Bitcoin can give higher chance profit than altcoin although every day with several percent for earning profit with bitcoin investing, with altcoin maybe waiting for long time to get profit and big risk when altcoin price down.

I agree with your opinion that bitcoin always dominates the market. I think it's all because Bitcoin is still a favorite coin that can benefit investors. maybe investors assume that bitcoin has a more beautiful future than altcoin. and maybe also investors assume that altcoin is a lot of rubbish, so they will prioritize choosing bitcoin over altcoin, because surely they assume that holding altcoin carries a greater risk than bitcoin.

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Quote from: finaleshot2016 on July 07, 2019, 10:42:50 AM

No one can ever replace and defeat a bitcoin easily unless there's sabotage on that cryptocurrency and something new showed up to fix those. Bitcoin is the first decentralized digital money and has a huge community so it's very impossible for them to reach it. Even the bitcoin's price value goes low, there is still a huge gap that will show bitcoin is the greatest of them all.

I agree with you that so far it seems nothing can replace Bitcoin but you did not answer the question in the OP regarding dominance.

In your opinion what sort of dominance percentage should Bitcoin have which keeps it clearly at the top reigning supreme but would allow for others such as ETH, XRP, LTC and others to have their own growth and increase their own percentages?

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Quote from: Sithara007 on October 29, 2019, 09:26:30 AM

The Bitcoin dominance is down to 67.5%, which is around one percent lower than what we had 24 hours back. And surprisingly it is not established altcoins such as Ethereum or Litecoin that is giving the biggest challenge to Bitcoin in its quest to dominate the cryptocurrency market. The coin which had the highest 24 hour price change (among the top 10) was Bitcoin Cash, which went up by 7%.

Both Ethereum and Litecoin have not managed to breach the major resistance levels. Ethereum is still trading at 0.0198 BTC per coin, while Litecoin is trading at 0.0063 BTC per coin. XRP is performing well, and has reached a price of 3222 Sat. Out of these three coins, only XRP has managed to move forward during the last 1-2 months. Others have all lost their value against BTC.

We can see that as of now, I am not sure if bitcoin was the first cryptocurrency but it is simplified that bitcoin dominated every other altcoin in terms of price and volume, maybe because it is the most used cryptocurrency, it is using in every different way, in terms of paying bitcoin is being used, also in online gambling it is being used as money or bet, in investing it is being used for you to be able to support particular project they do not need your fiat but they are only accepting bitcoin as an investment. I can simply say that bitcoin is for universal use as it is being recognized all around the world, I have read also some news that in other countries they have ATM machines that is bitcoin based meaning if you want to buy some bitcoin you can do it physically you dont need some internet. This is actually good. Bitcoin is becoming famous as time goes by.

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Quote from: kopijos on July 07, 2019, 10:31:42 AM

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

It is now sitting at over 67% dominance.

How it effects the competitors in the market is up for debate but do you think its dominance is negatively affecting other crypto prices and growth?

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Quote from: EdvinZ on October 30, 2019, 01:01:40 AM

I think that if the cryptocurrency market develops, and we see the launch of coins such as Gram, Libra and the like, then Bitcoin's dominance will undoubtedly decline over time. However, I believe that the dominance of Bitcoin will increase the influx of new money into the industry.

There is a difference between these centralized coins and a decentralize coin like bitcoin, if you look at libra and their plans to unveil the currency they are planning for a stable currency and we will see whether the authorities will allow them to release that to start thinking about it will dominate the world Tongue

and Gram is also going through these regulatory issues.

Quote from: EdvinZ on October 30, 2019, 01:01:40 AM

I am convinced that new investors mostly invest in bitcoin, because It is the first cryptocurrency that everyone will know about. Bitcoin has also recently shown that despite its high value, It can grow in value faster than other leading highly capitalized digital assets.

There is a difference people trusting bitcoin just because they are the first coin majority of the coins in the market are just replica of the bitcoin source code with minor changes.

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Quote from: xWolfx on July 07, 2019, 06:59:08 AM

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.

So are you saying Bitcoin will reign with well over 50% of the market for the foreseeable future? I would not bet against that myself because its dominance is the driving factor behind people investing in most other crypto too.

We know there are crypto out there that are more usable technically than Bitcoin such as XRP and ETH but Bitcoin has the brand and community behind it. Surely if it was just about functionality Bitcoin would struggle to be anywhere near the top.

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Quote from: dr.cheema on July 06, 2019, 11:43:47 AM

Bitcoin dominance is increasing and hopefully it will rise above %65 if BTC start growing as we saw last month.
But if dominance decrease then other altcoin prices could go higher because when BTC goes down then investors move to altcoins.
Anyway I don't think so BTC will go down because day by day btc getting famous.

How do you say that they move to other coin? As I observe, when the bitcoin increase, the altcoin decreases too. Because the investor not go through the other coin because some of their move their money to stable coin.

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Quote from: Sithara007 on October 29, 2019, 09:26:30 AM

The Bitcoin dominance is down to 67.5%, which is around one percent lower than what we had 24 hours back. And surprisingly it is not established altcoins such as Ethereum or Litecoin that is giving the biggest challenge to Bitcoin in its quest to dominate the cryptocurrency market. The coin which had the highest 24 hour price change (among the top 10) was Bitcoin Cash, which went up by 7%.

Both Ethereum and Litecoin have not managed to breach the major resistance levels. Ethereum is still trading at 0.0198 BTC per coin, while Litecoin is trading at 0.0063 BTC per coin. XRP is performing well, and has reached a price of 3222 Sat. Out of these three coins, only XRP has managed to move forward during the last 1-2 months. Others have all lost their value against BTC.

Bitcoin always dominance in coinmarketcap because almost investor just looking with bitcoin as investment than altcoin, they have big interested with investing on bitcoin than altcoin. Bitcoin can give higher chance profit than altcoin although every day with several percent for earning profit with bitcoin investing, with altcoin maybe waiting for long time to get profit and big risk when altcoin price down.

EdvinZ

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I think that if the cryptocurrency market develops, and we see the launch of coins such as Gram, Libra and the like, then Bitcoin's dominance will undoubtedly decline over time. However, I believe that the dominance of Bitcoin will increase the influx of new money into the industry. I am convinced that new investors mostly invest in bitcoin, because It is the first cryptocurrency that everyone will know about. Bitcoin has also recently shown that despite its high value, It can grow in value faster than other leading highly capitalized digital assets.

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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 does not only rely on domination, community and FOMO or current trends allow if bitcoin dominance goes down, bitcoin will remain at the top of crypto. Every condition has a gap, moreover we are talking about crypto volatility. As long as the positive signal is stronger than the negative signal, market dominance remains in bitcoin.

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Quote from: Eugenar on October 29, 2019, 09:31:47 PM

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I am worried for altcoin currencies. More than 2000 altcoin coins have no foothold in the market, this figure is even higher when the statistics on Coingecko! Altcoins lose value, which makes investors worried and scared when investing in it.

The more altcoins are being created, the more the chance for them to become on the top list in the coinmarketcap. Bitcoin do really accumulate most of the volume of crypto, and there's less for altcoin and if we will divide the volume alloted for altcoins, they need to become the best to have the most. In these case, since bitcoin is the only different crypto that is performing outside of the box, investors are bound to choose it, and altcoins being set aside.

I think what's important is quality over quantity, there's a lot of altcoins but only few of them are really legit that has a high potential to succeed in the future. Bitcoin's dominance will continue to increase because are seeing altcoins combine are weak compared to BTC.

However, it will not be the case all the time as we saw how btc drop its dominance rate in the past also, when ETH and other major altcoins will rise then maybe we will start seeing btc dominance will drop but it would be better if the total marketcap in overall will result to significant growth as well.
Reaching a trillion overall marketcap is possible, and maybe that time, we will see a progressive growth of altcoins.

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I am worried for altcoin currencies. More than 2000 altcoin coins have no foothold in the market, this figure is even higher when the statistics on Coingecko! Altcoins lose value, which makes investors worried and scared when investing in it.

The more altcoins are being created, the more the chance for them to become on the top list in the coinmarketcap. Bitcoin do really accumulate most of the volume of crypto, and there's less for altcoin and if we will divide the volume alloted for altcoins, they need to become the best to have the most. In these case, since bitcoin is the only different crypto that is performing outside of the box, investors are bound to choose it, and altcoins being set aside.

Shasha80

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As we know that bitcoin has always been everyone's favorite investment, so it's no wonder that prices are far compared
to other coins. This is what makes bitcoin always dominant in the market, because holding bitcoin is the most profitable.
I personally make investments the share of capital that I have 50% I save in bitcoin and 50% I buy in altcoins that have
a large and fundamental volume good. So if we open the coinmarketcap website from the past until now bitcoin will always
be dominant.

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That domain has risen to 67.5% at present, we do not know if that percentage will increase or decrease, the most important from a global point of view is that the number of users and market capitalization increase.

For all enthusiasts in the world of cryptocurrencies, we have the dream of achieving wide and massive use in all sectors of society and in all nations, a highly probable scenario as the current trend is observed.

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Quote from: crossabdd on October 28, 2019, 09:13:59 PM

do you mean that the dominance of bitcoin will decrease when more altcoins are created? I do not think so. bitcoin will remain dominant in its position. because bitcoin is the number 1 pioneer in crypto. and other altcoins are only a complement to crypto resources. like a tree, Bitcoin is the Trunk. and altcoin is twigs and leaves. altcoin will not replace Bitcoin. and Bitcoin remains dominant.

yes that's what happened but we don't know what will happen in the future, because with so many altcoins and even though the gap between bitcoin and altcoins is very far away but at least there are certain altcoins that have their own appeal like the advantages they have about faster transactions and cheap and this is also a concern if in the future there might be surprising changes to who or what coins will dominate the cryptocurrencies market

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The Bitcoin dominance is down to 67.5%, which is around one percent lower than what we had 24 hours back. And surprisingly it is not established altcoins such as Ethereum or Litecoin that is giving the biggest challenge to Bitcoin in its quest to dominate the cryptocurrency market. The coin which had the highest 24 hour price change (among the top 10) was Bitcoin Cash, which went up by 7%.

Both Ethereum and Litecoin have not managed to breach the major resistance levels. Ethereum is still trading at 0.0198 BTC per coin, while Litecoin is trading at 0.0063 BTC per coin. XRP is performing well, and has reached a price of 3222 Sat. Out of these three coins, only XRP has managed to move forward during the last 1-2 months. Others have all lost their value against BTC.

CLS63

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This is just a warm-up for Bitcoin. Bitcoin is already dominating the market substantially and I can't imagine what will happen when Bitcoin reaches at least 100k dollars in the future.

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At this time, BTC Dominance has reached 67.7% on CMC. I am worried about altcoins. It seems that investors are scared, they lose confidence in altcoins. This is really bad. When do you think altcoin will have strong growth again?

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in my opinion bitcoin will always be the dominant coin in the cryptocurrency market. because bitcoin is the main coin and the price of bitcoin has always been a reference for altcoin. bitcoin has the largest community and market capitalization. and all investors always make bitcoin the first coin to buy when entering the crypto market. so I'm sure bitcoin will always be the dominant coin and no coin can shift the position of bitcoin.

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Quote from: mk4 on July 06, 2019, 04:36:21 AM

Even if Bitcoin's market dominance drops to 25% bitcoin will still be the dominant force. Remember, the cryptocurrecy markets is easily swayed by news(both fake and legitimate), especially to most altcoins. Bitcoin will still be the most decentralized, most secure, and most globally adopted coin compared to all the other coins/tokens combined.

Bitcoin still dominance on exchange market have stable price than altcoin, investor look interested with bitcoin investment than have use altcoin because with investing on bitcoin give big chance to get profit than investing with altcoin, altcoin price look down, hard to raise to higher price and always get lower. Still less dominance altcoin from bitcoin on market because bitcoin become best investment assets at the future.

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