Topic: BTC is bigger than the rest of the crypto market combined (Read 518 times)
Many people do not even know any other crypto other than bitcoin. Bitcoin has reached a height and bridge the gap that no other altcoin can reach and that is the reason while the market capitalization of the bitcoin cannot be compared to other altcoin.
Right from time, the norm has always been bitcoin before others and it has always been Bitcoin dominating over others. If bitcoins could take over 50% dominance, which today, it's above 60%, it means that it is more valued and that others are just mere subordinates to it, which is why they are called altcoins.
It is undeniable that Bitcoin is the main target for investment. Moreover, Bitcoin also first appeared before the birth of Altcoin, and BTC also has a limited supply so that people have great potential in making satisfactory profits.
As long as we don't support the btc forks, bitcoin will be more successful due to its limited supply, and since it's the oldest coin in the market if I am not mistaken, we can expect that more and more bitcoins will be lost in circulation over time and that would make the value to rise even more as the demand will surely increase more as well.
Bitcoin is the main currency... altcoins are alternative currency, so you are right, without bitcoin there'll be no altcoins.
Right from time, the norm has always been bitcoin before others and it has always been Bitcoin dominating over others. If bitcoins could take over 50% dominance, which today, it's above 60%, it means that it is more valued and that others are just mere subordinates to it, which is why they are called altcoins.
It is undeniable that Bitcoin is the main target for investment. Moreover, Bitcoin also first appeared before the birth of Altcoin, and BTC also has a limited supply so that people have great potential in making satisfactory profits.
Right from time, the norm has always been bitcoin before others and it has always been Bitcoin dominating over others. If bitcoins could take over 50% dominance, which today, it's above 60%, it means that it is more valued and that others are just mere subordinates to it, which is why they are called altcoins.
It is no news anymore that bitcoin is the supreme token for crypto currency.
A price surge (increase or decrease) in bitcoin causes other token to increase de in price.
And for most altcoins traders, the altcoins are eventually converted to bitcoin pairs.
Bitcoin owns crypto currency
A price surge (increase or decrease) in bitcoin causes other token to increase de in price.
And for most altcoins traders, the altcoins are eventually converted to bitcoin pairs.
Bitcoin owns crypto currency
The only way that could change is if the increase of bitcoin goes to a high level big enough that it can't go higher anymore and the money coming in continues so the money realizes it can't go any higher so moves to altcoins. That is literally what happened in 2017 for example, bitcoin went so high that people realized they can't make too much profit from it anymore so they sent their money to altcoins which all made all time high prices.
The only other possibility is the altcoins staying the same in dollar value whereas bitcoin drops 50%+ so that dominance would go down. The later is even more impossible because when bitcoin goes down, it goes down all the way, but when it goes up, it goes up together as well which makes it a bigger possibility.
The only other possibility is the altcoins staying the same in dollar value whereas bitcoin drops 50%+ so that dominance would go down. The later is even more impossible because when bitcoin goes down, it goes down all the way, but when it goes up, it goes up together as well which makes it a bigger possibility.
indeed the article was true, even though the whole market merged and collected all the prices I thought they would never master and defeat BTC. BTC will remain the king of crypto until the amount in the market is exhausted later due to mining effects and other transactions.
your statement makes sense because when the whales have started to fall and want to take advantage of the opportunity to be able to profit from bitcoin they will take advantage of good moments such as halving will make bitcoin more difficult to obtain and the whale will make the price expensive.
indeed the article was true, even though the whole market merged and collected all the prices I thought they would never master and defeat BTC. BTC will remain the king of crypto until the amount in the market is exhausted later due to mining effects and other transactions.
unfortunately there are still many traders who understand that the current price movement of bitcoin can provide a lot of profit and usually those who cannot get this opportunity are people who are hesitant to enter to buy bitcoin.
The reason is that Bitcoin has already gone up considerably (by almost 250% during the last 9 months). A part of this bull run can be attributed to accumulation by whales, in anticipation of the block reward halving. In a few months from now, the block reward halving will occur, and no one is sure in which direction the prices will be moving after that.
I would agree, it we all look at the dominance of bitcoin, it is still over 60%.Which indicates that investors/traders are into bitcoin no matter what cycles we have: bearish or bullish.
And we all know that all Altcoins is being paired with BTC, so that's another sign that everybody cares about BTC because it is the lifeblood of the market.
It could even higher than that. It isn't just about the price that many tend to lean at, consider how many payment systems are looking into it right now. It might not be able to "fully replace" every single payment system we got today like PayPal, but it will surely be over than that.And we all know that all Altcoins is being paired with BTC, so that's another sign that everybody cares about BTC because it is the lifeblood of the market.
I can't say that alts are really paired with BTC fully though, although most of the alts follows the increase in price of Bitcoin.
During the recent few days, there have been a noticeable drop in Bitcoin dominance. Now it stands at 61.7% (which represents a drop of almost 7% from the levels that we had in December 2019). And most surprisingly, Ethereum gained the maximum amount of market share during this time, despite the delays affecting the roll-out of Ethereum 2.0 and the poor health of the ICO market.
unfortunately there are still many traders who understand that the current price movement of bitcoin can provide a lot of profit and usually those who cannot get this opportunity are people who are hesitant to enter to buy bitcoin.
During the recent few days, there have been a noticeable drop in Bitcoin dominance. Now it stands at 61.7% (which represents a drop of almost 7% from the levels that we had in December 2019). And most surprisingly, Ethereum gained the maximum amount of market share during this time, despite the delays affecting the roll-out of Ethereum 2.0 and the poor health of the ICO market.
When Ryan Selkis, founder of Messari.io, tweeted the following:
"Nobody outside of "full-time" crypto cares about anything other than BTC.
ETH, XRP, BCH, LTC, EOS are bigger than the rest of the market combined, and BTC is bigger than everything else combined.
This video goes a little bit into deep on that:
https://www.youtube.com/watch?v=AleTHYBRzrA&feature=youtu.be
What are your thoughts and/or opinions?
It is obviously true that bitcoin is bigger that the rest of other cryptocurrencies in the market even you combine all of them, that is why more people have put a lot of focus and interest in bitcoin than altcoins. Most people also holds more bitcoin than altcoins because they receive much larger profit from it. "Nobody outside of "full-time" crypto cares about anything other than BTC.
ETH, XRP, BCH, LTC, EOS are bigger than the rest of the market combined, and BTC is bigger than everything else combined.
This video goes a little bit into deep on that:
https://www.youtube.com/watch?v=AleTHYBRzrA&feature=youtu.be
What are your thoughts and/or opinions?
Bitcoin is the main thing that everyone knows about. Majority of people who get to know about cryptocurrency starts with Bitcoin, and as time goes on they will get to learn about other cryptocurrencies there is in the market. Bitcoin is the main coin I’m investing in, I don’t even take others much serious. If you check my portfolio, it’s like 80% of everything in Bitcoin and then the rest which is 20% is divided on Ethereum, Bitcoin Cash and Stellar. It used to be just BTC, ETH, and BCH till I got Stellar for free and then I decided to start investing a bit in it.
So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.
There is no doubt that bitcoin is leading the crypto market and all altcoins prices are only following the bitcoin price. And when it comes to their market cap, bitcoin is still on the top of it. No wonder that when people are asked about crypto, the first thing that comes in their mind is bitcoin. It's the lifeblood of crypto so without bitcoin, altcoins may consider as nothing. So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.
Bitcoin is the main thing that everyone knows about. Majority of people who get to know about cryptocurrency starts with Bitcoin, and as time goes on they will get to learn about other cryptocurrencies there is in the market. Bitcoin is the main coin I’m investing in, I don’t even take others much serious. If you check my portfolio, it’s like 80% of everything in Bitcoin and then the rest which is 20% is divided on Ethereum, Bitcoin Cash and Stellar. It used to be just BTC, ETH, and BCH till I got Stellar for free and then I decided to start investing a bit in it.
So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.
So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.
i am not so sure that BTC will remain bigger than the rest of crypto currency market, since there are projects that offer real value and i think that they are going to rise, so it will be hard for BTC to sit above 50% of crypto marketcap in a few years, maybe even sooner...
Bitcoin is the main thing that everyone knows about. Majority of people who get to know about cryptocurrency starts with Bitcoin, and as time goes on they will get to learn about other cryptocurrencies there is in the market. Bitcoin is the main coin I’m investing in, I don’t even take others much serious. If you check my portfolio, it’s like 80% of everything in Bitcoin and then the rest which is 20% is divided on Ethereum, Bitcoin Cash and Stellar. It used to be just BTC, ETH, and BCH till I got Stellar for free and then I decided to start investing a bit in it.
So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.
So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.
So what if even all the combined markets of altcoins still lower than btc? Is there anything that brag this that might change the fact that they are all cryptocurrency? Even though btc is far from others, these projects are struggling to get closer but it doesnt necessary means btc is more dominant in terms of technology. Maybe in value it is, but look around you, not all investors only buying btc but other potential coins too such as eth and xrp.
The investor now has a very large choice in which cryptocurrency to invest. And the choice stops with bitcoin, because he often hears about it. But those investors who know more about the cryptocurrency market divide their investments between bitcoin and altcoins.
Cryptocurrency is one of the most interesting inventions of mankind. And cryptocurrency has very much introduced into our life. And the most important coin of the entire crypto industry is Bitcoin, and with this coin you can monitor the entire situation on the crypto market. So while Bitcoin is alive, all other coins will develop and bring good profit.
Its not like before anymore, many coins are on people's lips now, ripple, Ethereum and bitcoin cash are popular as well but bitcoin is still the king of value in crypto space, no coin is going to achieve what bitcoin have achieved so far
But people tend to go back to the "major coin" and that is Bitcoin. No matter how many coins investors are gladly to invest bitcoin will be the master of them all. It's because it already acquired amd achieved good reputation. There are some glitches but Bitcoin will always be on the top one. Countless times did the altcoins been compared with bitcoin with speculations that they'll gonna replace it but at the end of the day, Bitcoin will be the first choice of an investor.
So what if even all the combined markets of altcoins still lower than btc? Is there anything that brag this that might change the fact that they are all cryptocurrency? Even though btc is far from others, these projects are struggling to get closer but it doesnt necessary means btc is more dominant in terms of technology. Maybe in value it is, but look around you, not all investors only buying btc but other potential coins too such as eth and xrp.
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