BTC Dominance on CoinMarketCap - page 4.

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Quote from: maldini on July 07, 2019, 05:37:27 AM

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.

So keeping in mind that you stated domination does not affect the price of Bitcoin, what is the ideal percentage you would happy to see BTC versus altcoins?

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Quote from: The3max on August 29, 2019, 08:53:16 AM

I read a few articles, they talked about Altcoin Bitcoin replacement; This really will never happen, the value of Bitcoin is an unquestionable existence.

In my opinion, it is quite possible emergence of a new altcoins that replace bitcoin in future, such as Libra or Ton. Bitcoin is too slow, I do not believe that we will ever be able to pay them in the store for everyday purchases.

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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%

Forbes study is now 90% so it's a big jump in just a month, but it's still debatable other studies show different stats, but all we know Bitcoin is still dominating the market, and those coming in now in the market, or new investors investing in Crypto should start with Bitcoin.

I'm also holding altcoins in my portfolio, and I'm very confident that even though Bitcoin has a huge dominance my altcoins will still deliver, these altcoins are on the top in the market rank and they have their own concept, that they are bringing to the table.

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Now it has reached 70%. This is the risk of the existence of Altcoin. I hope that by the end of 2019, altcoins will have a revolution that brings dominance to equilibrium and stability.
I read a few articles, they talked about Altcoin Bitcoin replacement; This really will never happen, the value of Bitcoin is an unquestionable existence.

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Quote from: stadus on August 29, 2019, 06:23:32 AM

Quote from: swiftbits on August 29, 2019, 05:28:34 AM

Quote from: pjcaruci on August 29, 2019, 03:33:47 AM

BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it

Bitcoin is well known and also the prime one on this platform, cryptocurrency is not based on season but based on dominance, it won't change in Bitcoin case since Bitcoin already used publicly for exchanging in fiat or real money also considered as a permanent part of cryptohub, all coins don't match to the popularity and use of bitcoin.

Bitcoin has never stopped dominating the market, probably its dominant rate has drop during the bull run or altcoins season but it remains the most dominant coin in the market. Some are saying that the dominant rate written in https://coinmarketcap.com/ is lower compared to the actual dominant rate, and I will agree with that since we have more OTC transactions of bitcoins that are not listed in the site above.

As bitcoin is not yet showings signs of bullish movement, we can expect that BTC dominant rate will continue to rise as people are also afraid of putting their money in altcoins now.

To be honest, as a trader, I am more afraid of the dominance of bitcoin than ever before, the dominance of bitcoin has become so strong in this market, and everyone can see, every movement of bitcoin is shaking the whole market, in the long run, this rate will continue to increase, altcoin will become a dead zone, bitcoin will establish an absolute dominance. I do not believe that people will like such a situation, our chances of making money will narrow, and we will be very dependent on bitcoin, the level of risk also increases significantly.

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I think bitcoin is the determinant coin in the market and at that it dominance is high due to the fact that bitcoin is what most of all other coins and token are traded with and it determined their price. Take for example when bitcoin is down against the dollars other coin's will suffer the same from the market situation.

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Quote from: swiftbits on August 29, 2019, 05:28:34 AM

Quote from: pjcaruci on August 29, 2019, 03:33:47 AM

BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it

Bitcoin is well known and also the prime one on this platform, cryptocurrency is not based on season but based on dominance, it won't change in Bitcoin case since Bitcoin already used publicly for exchanging in fiat or real money also considered as a permanent part of cryptohub, all coins don't match to the popularity and use of bitcoin.

Bitcoin has never stopped dominating the market, probably its dominant rate has drop during the bull run or altcoins season but it remains the most dominant coin in the market. Some are saying that the dominant rate written in https://coinmarketcap.com/ is lower compared to the actual dominant rate, and I will agree with that since we have more OTC transactions of bitcoins that are not listed in the site above.

As bitcoin is not yet showings signs of bullish movement, we can expect that BTC dominant rate will continue to rise as people are also afraid of putting their money in altcoins now.

swiftbits

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Quote from: pjcaruci on August 29, 2019, 03:33:47 AM

BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it

Bitcoin is well known and also the prime one on this platform, cryptocurrency is not based on season but based on dominance, it won't change in Bitcoin case since Bitcoin already used publicly for exchanging in fiat or real money also considered as a permanent part of cryptohub, all coins don't match to the popularity and use of bitcoin.

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BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it

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Quote from: Aldrinx00 on August 29, 2019, 12:20:57 AM

I think Bitcoins dominance will continue to go higher because it is the most adopted and trusted cryptocurrency, altcoins on the other doesn't affect bitcoin because we can see lots of useless altcoins are being created everyday which will vanished overtime. The only scenario that bitcoins dominance will fall when altseason starts, well we don't when will it be happening again.

We are hoping that the altcoins market will start a rally soon, hopefully this year but it's true that we don't know when.
I wasn't expecting BTC to rise that fast in the first half of the year, but it happen, when BTC had a great 1st half, it struggles in the 2nd half that's why we are still seeing a price sideways movement from $9K to $10K.

Our happy moments is when bitcoin will cross a new high as most likely altcoins will rally also.
That's the moment I've been waiting for and I will bet on it that it's gonna be the same patter that will happen.
Let's just continue to hold while waiting and enjoy trading BTC in short term since it's volatility is good now, down 5% now, soon it will be up 5% again.

Aldrinx00

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I think Bitcoins dominance will continue to go higher because it is the most adopted and trusted cryptocurrency, altcoins on the other doesn't affect bitcoin because we can see lots of useless altcoins are being created everyday which will vanished overtime. The only scenario that bitcoins dominance will fall when altseason starts, well we don't when will it be happening again.

bryant.coleman

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No matter how many coins will launch in the market, the Bitcoin will still dominating the crypto space, no matter how hard the dev tries, they will just behind the Bitcoin, it is the king of crypto and nothing could beat or replace on its place.

There is no guarantee that Bitcoin will never be replaced by a technologically better alternative. As the case with all the technological innovations, Bitcoin also will be eventually replaced by something else. However, right now there is no such alternative in existence, which has the capability to overtake Bitcoin. There are technologically advanced cryptocurrencies available, but their basic concept remains same as that of BTC.

If a developer wants his coin to replace Bitcoin, then he should be ready to try a fundamentally different approach. He should be able to come up with an alternative to Blockchain. As of now, almost all the cryptocurrencies use some form of a Blockchain to store the transactions. And since it was originally a concept invented by Satoshi, Bitcoin remains on the top as the "original" cryptocurrency. It is possible to replace Blockchain with a better concept.

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There is this interesting article that stated that the real atcoin value is 10% and a big part is shared between ETH and XRP. The research considered the liquidity in the space and bitcoin took the big advantage.
https://cryptopotato.com/altcoins-real-dominance-is-only-10-of-the-crypto-market-not-30-new-study-reveals/

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Quote from: antisocial77 on July 07, 2019, 05:26:18 AM

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.

How do you think other coins and tokens will perform if Bitcoin dominance rises or falls?

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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%

After all, bitcoin is bitcoin! Wink

Everyone prefer bitcoin than altcoin as because Bitcoin already have gained trust. People belive "Bitcoin price may go down but it is not scam". I think this is the main reason behind BTC Dominance with large number of share/percentage. Top10 coin/token in CMC may increase by theirs Dominance after bitcoin

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Quote from: jonathan6655321 on July 07, 2019, 01:04:48 AM

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

So when Bitcoin dominance went to an all time low how do you think it affected the rest of the market?

Vishnu.Reang

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Quote from: Ms_Arc on August 20, 2019, 09:06:05 PM

BTC should increase dominance as Feb 2017, specifically above 85%. Then the alt season will begin.

Back then we had around 2,000 cryptocurrencies. Now we have more than 10,000. So naturally the current Bitcoin dominance should be lower than the figure we had in 2017. The last time I checked Coinmarketcap, the dominance was around 69%. Taking in to account the new coins, a fair valuation should be somewhere in between 70% and 80%.

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Quote from: setialovers on August 20, 2019, 07:16:11 PM

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%

In my opinion, the ideal situation for bitcoin dominance in the market is around 30-35%. If the dominance of bitcoin is still above 50%, many new projects will be difficult to survive because they have been abandoned by their investors. With a dominance of 30-35% but the market value of the cryptocurrency market cap is at 1 trillion dollars, then the price of bitcoin will not change much from the current price, maybe even be in the range of $ 20k

With the rate of bitcoin development, bitcoin will always have the dominance and the dominance will not end anytime soon which I don’t think the dominance should completely affect the altcoins forever, and like I said, bitcoin will remain dominant and may even grow above 50% but even at that, what we need for altcoins to start increasing is for bitcoin to go sideways, if bitcoin starts to move sideways and then consolidate, then altcoins will regain their freedom once again, and then we will see those that still have little life in them start growing and blowing beyond our imagination.

I am not so much concerned about the dominance of bitcoin, I am just hoping that bitcoin will go on consolidation very soon because that is the only way that these coins can survive.

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I support this idea because in cryptocurrency market cap bitcoin is a King and Ethereum is the queen and others cryptocurrency are the soldiers in bitcoin kingdoms.

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Bitcoin domination over the other cryptos is not a wonder, it is happening since the BTC is the only king of cryptos, you remove the BTC and the whole crypto-space will collapse.

Definitely, however, I don't think BTC will be remove because this market is getting bigger with different of platforms trying to compete.

The dominant of BTC will only decrease in the long run, but that will not make it a bad investment, it will only decrease to help the altcoins to grow because with the current rate of BTC, there is no chance for altcoins to have their own progress in terms of value although they have some developments that has to be appreciated by the investors, right now, most investors are on BTC, I'm hoping it will change though.

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