It is history repeating. BTC dominance will rise above 70%. Every investors remembers last bull run. First BTC was pumped and than altcoins. That is the reason we have so called bull run and altseason. When investors will be happy with with BTC profit majority will switch to best alts available. Make a list of the ones you like and trust the most and be ready to transfer the profits to alts when BTC pumps above ATH this time.
Topic: BTC Dominance on CoinMarketCap - page 5. (Read 2470 times)
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.
If you are not surprised about Bitcoin market capitalisation that is great but what are your views on percentages of BTC dominance of the whole crypto market?
Now real btc domination is higher than the graph shows us. Calculation takes a lot of shit coins that have any kind of price, but they are not liquid.
Definitely that's true, the dominant rate is only computed from the data in the exchanges listed, but there are transactions out there that is not tallied, those transactions like OTC also involves a huge amount of money that if monitored would certainly make bitcoin dominant more higher. Currently at 68% now but if the above-mentioned is included, it could rise as high as 80%, and that's pretty huge and that's how bitcoin dominate the market that it can dictate result to a big price movement of altcoins with just a small move.
Now real btc domination is higher than the graph shows us. Calculation takes a lot of shit coins that have any kind of price, but they are not liquid.
BTC should increase dominance as Feb 2017, specifically above 85%. Then the alt season will begin.
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?
IMHO, nothing! Bitcoin already have everything — the highest price, investors and adoption. There's no need for btc to feel threatened anymore because he is currently unbeatable. Altcoins should do a lot of work first if they really want to kick btc on his throne but how? I don't know either (even Ethereum, the closest to him, was still no match), hmm maybe if the world suddenly got brainwashed, sell all btcs and buy a particular alt lol 
. 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%
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
Bitcoin will remain number 1 at CMC due to its price and many tokens are just depending on their total number of supply while having the luxury of BTC price in USD.
You can see that XRP at high rank due to USD value and not with the sats. BITCOIN will remain as it is the most use token in cryptocurrency exchanges.
The total market cap of bitcoin is higher compare to any coins or tokens, the dominance of bitcoin will continue until we mine the last block for bitcoin. The limit on supply makes the price expensive, this is normal when you have it better to hold on it. The dominance of bitcoin will become stronger, many expect this to happen next year so keep your eyes on bitcoin because it will become a more giant coin as expected. You can see that XRP at high rank due to USD value and not with the sats. BITCOIN will remain as it is the most use token in cryptocurrency exchanges.
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.
What about your views on BTC market dominance percentages?
Bitcoin will remain number 1 at CMC due to its price and many tokens are just depending on their total number of supply while having the luxury of BTC price in USD.
You can see that XRP at high rank due to USD value and not with the sats. BITCOIN will remain as it is the most use token in cryptocurrency exchanges.
You can see that XRP at high rank due to USD value and not with the sats. BITCOIN will remain as it is the most use token in cryptocurrency exchanges.
I believe the issue of BTC dominance on CoinMarketCap, is not contended, in the sense that it has been observed in times past, that the cryptocurrency has not taken a fall from its top position right from the on-set. It has also been seen that whenever there is a fall in the market, all other cryptos are affected likewise.
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%
It gets higher as days passed by.now we are in 68.4% dominance and this means profit to the bitcoin holders(even though as I speak the value of bitcoin is dropping up to 8%)Currently the BTC Dominance according to CMC is: 62.6%
This will always be the case, Bitcoin will always dominate the CMC, it is inevitable. Hardly any other coin will ever be able to compete with BTC
Altcoins are not competing with bitcoin instead they are using the top rank coin to grow and the technology behind bitcoin has bing used by some of them.and besides every coin has their own function(not counting those clone and shitcoin) people do really need to take a lesson from this. "market cap" should never even be calculated let alone be used as a ranking characteristics or for dominance.
before you know it, 2017 will be repeated. bitcoin will go to $100k this time, altcoins get pumped in short term and again we will have another 2018 2019 where bitcoin stays up while altcoins get killed with all their dumps.
before you know it, 2017 will be repeated. bitcoin will go to $100k this time, altcoins get pumped in short term and again we will have another 2018 2019 where bitcoin stays up while altcoins get killed with all their dumps.
The last bull run do not forget a lot of money were in Alts due to the ICO hype. The influx or money in the crypto space is huge with regards to Alts. If 2017 is repeated Alts wouldn't enjoy such rise especially not in the proortion they did last in 2017. So 2018 2019 might no exist no. More
Bitcoin dominates because the coin is used for trading because of its high cost. Other coins have narrow functionality, so that's why not many people use them. Perhaps Ethereum will have a chance to catch up with Bitcoin, but for this Vitalik Buterin should create an ingenious product like a smart contract was created
it depends on how you define "dominance"!
- the flawed way that a website made popular is using market capitalization. it is flawed because it doesn't consider the "real supply" of different coins and also it is using a characteristic that doesn't belong to this market (it belongs to stocks). i posted some numbers here which you can see for more details: https://bitcointalksearch.org/topic/m.51618134
but basically 60% ish is the ratio of 17 million coins versus 12,000,000 million coins!
this "gap" you are talking about here, is not going to be filled by this percentage. even if bitcoins so called "dominance" dropped to 10% or rose to 99.99% it still wouldn't change a thing. the real dominance is the adoption and usage of coins in real world. to put simply, bitcoin has it and others don't.
I personally agree with you sir. I do not agree if seeing the dominance of Bitcoin only through the public market because as many people already know, Bitcoin Trading Volume in many exchanges is fake. Many sources say this news, one of which came from Forbes- the flawed way that a website made popular is using market capitalization. it is flawed because it doesn't consider the "real supply" of different coins and also it is using a characteristic that doesn't belong to this market (it belongs to stocks). i posted some numbers here which you can see for more details: https://bitcointalksearch.org/topic/m.51618134
but basically 60% ish is the ratio of 17 million coins versus 12,000,000 million coins!
Code:
17,000,000
12,000,000,000,000 /
----------------------------
60%!!!
this "gap" you are talking about here, is not going to be filled by this percentage. even if bitcoins so called "dominance" dropped to 10% or rose to 99.99% it still wouldn't change a thing. the real dominance is the adoption and usage of coins in real world. to put simply, bitcoin has it and others don't.
https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-reported-bitcoin-trading-volume-is-fake-says-bitwise/#f1be99767175
people do really need to take a lesson from this. "market cap" should never even be calculated let alone be used as a ranking characteristics or for dominance.
before you know it, 2017 will be repeated. bitcoin will go to $100k this time, altcoins get pumped in short term and again we will have another 2018 2019 where bitcoin stays up while altcoins get killed with all their dumps.
before you know it, 2017 will be repeated. bitcoin will go to $100k this time, altcoins get pumped in short term and again we will have another 2018 2019 where bitcoin stays up while altcoins get killed with all their dumps.
The Bitcoin dominance is not a problem.
There is an intense competition in the crypto environment, and Bitcoin shows its strength as the first and most popular cryptocurrency.
When more and more coins are created and become popular, the Bitcoin dominance will eventually disappear.
There is an intense competition in the crypto environment, and Bitcoin shows its strength as the first and most popular cryptocurrency.
When more and more coins are created and become popular, the Bitcoin dominance will eventually disappear.
There are already many popular cryptocurrencies in the market with real use cases.
Still, they struggle to increase their market share and Bitcoin continues to dominate the market.
If altcoins didn't show that they are alive and investors start to trust them, we are going to have a problem as the market will collapse.
Yes there are many coins that being created daily some are good but most are not really. People actually purchase them but they prioritze btc and they allocate more percent on btc because btc is the most profitable and the most trusted among all .
we are sure that btc will remain even others are collapsing if ever there is a major problem on the market of cryptos . this why btc will continue to riegn its dominance
It seems like investors prefer Bitcoin right now, because of uncertain market conditions. bitcoin is the safest coin in cryptocurrency, so not a few are converting it to bitcoin. we see many altcoins are suffering from a decline, but bitcoin is stable and even green
The Bitcoin dominance is not a problem.
There is an intense competition in the crypto environment, and Bitcoin shows its strength as the first and most popular cryptocurrency.
When more and more coins are created and become popular, the Bitcoin dominance will eventually disappear.
There is an intense competition in the crypto environment, and Bitcoin shows its strength as the first and most popular cryptocurrency.
When more and more coins are created and become popular, the Bitcoin dominance will eventually disappear.
There are already many popular cryptocurrencies in the market with real use cases.
Still, they struggle to increase their market share and Bitcoin continues to dominate the market.
If altcoins didn't show that they are alive and investors start to trust them, we are going to have a problem as the market will collapse.
Is there anything surprising about that? Absolutely not. BTC - №1
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