Topic: BTC Dominance on CoinMarketCap - page 9. (Read 2470 times)
Bitcoin domoninance on the market is nothing new to me because bitcoin has the determined the price of other crypto when bitcoin hits the bullrun other crypto will also follow up that's the cycle of it.
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%
As far as I can remember, during the peak price of almost $20k, bitcoin's dominance is around 50%. Bitcoin having a good run and so is the alt coin. So I would say that around that ballpark figure. So that the other 50% is for the alt coins to grow and mature.
That is an intriguing idea. If Bitcoin held 50% dominance and the others held the other 50% then that would be better than the current 65-70% dimnance that Bitcoin is exerting but still would not allow altcoins to play catch-up or have growth unless Bitcoin was near all time highs which should also mean other coins are going sky high too.
What are your views if BTC dominance was lower than 50%?
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 a bull run might or might not be happening any time soon but at which percentage dominance would you say is the ideal figure which would allow other crypto to play catch up?
So far, there has not been a project that really has a big impact on the market and can compete with BTC, it is obvious that people are more inclined towards a project that is growing rapidly and this is the case of Bitcoin, perhaps in the future things are different.
There are many other coins that have greater technology than Bitcoin right now.
It is just that people do not realize that and they want to keep their funds in Bitcoin. Because if the market falls Bitcoin will be the last to stand due to the Fiat pairings that it has in many exchanges.
My point was what percentage dominance would be ideal for Bitcoin to have which allows it to be stable and healthy but allows competitors a chance to try to play catch up.
Competition and stability are very important for BTC to always be in good shape and please us with a good price
So far, there has not been a project that really has a big impact on the market and can compete with BTC, it is obvious that people are more inclined towards a project that is growing rapidly and this is the case of Bitcoin, perhaps in the future things are different.
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I'm not sure what you exactly looking for. I think Bitcoin domination should be lower than 40%, however, that would be still a lot provided that there are thousand coins out there.
Hey
The number of cryptocurrencies is over 1600 and growing according to a survey now if we consider this number we would be able to see how it is a big influencer of the market. It is actually controlling the market to an extent ( trading pairs and all ) .
It has 191 billion market cap which is followed by etherum with 105 billion.
It is infact very close not a lot of distance is between them ...i think soon it may surpass it but then again it's Bitcoins that we are talking about .
The number of cryptocurrencies is over 1600 and growing according to a survey now if we consider this number we would be able to see how it is a big influencer of the market. It is actually controlling the market to an extent ( trading pairs and all ) .
It has 191 billion market cap which is followed by etherum with 105 billion.
It is infact very close not a lot of distance is between them ...i think soon it may surpass it but then again it's Bitcoins that we are talking about .
Well with 49.9% dominance vs 50.1% dominance there is every chance the thousands of crypto out there will be dominant percentage wise but when will it happen?
Things are not clear except that BTC is dominating well in to 60%+
Bitcoin dominance in the coinmarketcap because bitcoin is the king of cryptocurrency and bitcoin is the first cryptocurrency in the world and it has already created its own value. Everyone trusts bitcon because it is the safest and most reliable coin.
It is normal to see Bitcoin being the dominant cryptocurrency in Coinmarketcap.
All the transactions and trading activities are paired with BTC. However, I don't think it is normal to see such a dominance in the industry. There are many other cryptos that deserve a bigger portion of the total percentage in the market.
All the transactions and trading activities are paired with BTC. However, I don't think it is normal to see such a dominance in the industry. There are many other cryptos that deserve a bigger portion of the total percentage in the market.
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%
I think there is a shortage of coins that can explain his project and himself very well. So, as you said, there are thousands of coins in the market, and Bitcoin only represents a large part of the market. I think it's more about coins than Bitcoins. At least 1000 of them are completely meaningless projects. The rest must prove themselves under market conditions. Thus, investor preferences will shift in this way.
It is those meaningless coins you refer to that have little impact on BTC dominance percentages but rather the others. If everybody buys Bitcoin then dominance increaes.
My point was what percentage dominance would be ideal for Bitcoin to have which allows it to be stable and healthy but allows competitors a chance to try to play catch up.
altcoins getting crushed by bitcoin. I sold all my HST decision token today as I can no longer stand the pain of bitcoin crushing the altcoin market.
Bitcoin will always be the first option to most crypto users as compared to other altcoins. The popularity alone and its usage has not been surpassed by newly-launched platforms. No wonder, we still go back to bitcoin whenever we invested in a certain altcoin that is deemed to failure. Altcoins come and go, but bitcoin is still on its pedestal.
altcoins getting crushed by bitcoin. I sold all my HST decision token today as I can no longer stand the pain of bitcoin crushing the altcoin market.
Obviously Bitcoin price will be at the top according to that this marketplace volume also will goes the same value. I am not so why here mentioning coinmarketcap and giving promotion to the CMC side.
Because of this Bitcoin volume dominance only we are making profit with the high returns in a trading or with your investment amount.
Because of this Bitcoin volume dominance only we are making profit with the high returns in a trading or with your investment amount.
Bitcoin volume dominance traders grab this opportunity to get high profits in the marketcap, we should bitcoin moving their volality fluctuations strongly up and down from 10,000$ upto 13,000$, and a few hour ago more or least 7hours (estimated time) bitcoin price hit 12,900$ meaning have an indication to get the mark level of 15,000$ to hit the ATh. Treat bitcoin now as dominant coin in marketplace.
At least for today, users of cryptocurrency can benefit from Bitcoin only if the leaves tear for a long time and receive income from its volatility. But if you consider Bitcoin as a means of payment, then this coin should be stable and therefore I believe that interest in it will disappear.
We all know that bitcoin has a big impact on the market. Therefore, its dominance will always be. Everyone trusts him the most because he is the safest and most reliable.
The dominance of the market keeps increasing and crossing 65% there is good move in the price of bitcoin while the entire altcoins faced a very big downfall in the value. This time there is more chances for a bigger dominance level to be achieved as people have been moving funds from altcoins to bitcoin continues as there is no big growth with altcoins.
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.
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.
Do you think it is a good thing if BTC dominance increased to 65%+ ?
What do you think are the pros/cons of BTC dominance at 65%+?
I would have love it should bitcoin dominance reduce to 20% but people have more trust on it.
Are you kidding me? That's the most stupid thing I have seen someone post in a long time. Bitcoin's market cap dominance is exactly where it should be. It reflects how useless the majority of the other coins are.2017 was a crazy year with how the worst possible average joes entered the market inflating the price of EVERY single altcoin. You could throw a dart without looking and that coin would make you sick profits.
These yolo gamblers rekt themselves hard and have left the market. We're much better off without imbeciles turning this ecosystem into a pile of rubbish. Good riddance I would say.
Obviously Bitcoin price will be at the top according to that this marketplace volume also will goes the same value. I am not so why here mentioning coinmarketcap and giving promotion to the CMC side.
Because of this Bitcoin volume dominance only we are making profit with the high returns in a trading or with your investment amount.
Because of this Bitcoin volume dominance only we are making profit with the high returns in a trading or with your investment amount.
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