BTC is bigger than the rest of the crypto market combined - page 2.

WalkerIVIV

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Quote from: ATSgrowth on February 12, 2020, 05:02:39 PM

Of course, all altcoins is an alternative to the Bitcoin blockchain, they competite with it or bring more use cases to the blockchain technology. But, is that really bad? I don´t think so, thanks to altcoins Bitcoin is pushed to be better than anytime before. Cool

Altcoin exist caused by the bitcoin source code and bitcoin is mother of crypto. The mother of crypto must have a big valuation compared with altcoin who already exist caused by bitcoin. Altcoin brings a more alternative way for us and it's also a good thing when it comes to the dapps.

ATSgrowth

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Of course, all altcoins is an alternative to the Bitcoin blockchain, they competite with it or bring more use cases to the blockchain technology. But, is that really bad? I don´t think so, thanks to altcoins Bitcoin is pushed to be better than anytime before. Cool

dentolas

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Facts are facts, and the market caps are undenieable... BTC is the strongest by far, but this do not mean that it will be like that forever, nothing lasts forever and sooner or later things change... but this might not even happen on the next decade... or maybe the susbtitute for BTC is already on the top 100?

tabas

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Quote from: $crypto$ on February 10, 2020, 10:58:40 PM

Quote from: tabas on February 10, 2020, 07:49:23 PM

The market cap of bitcoin is incomparable to any altcoin there. Next is Ethereum but even if we combine all of those alts market cap that were mentioned, they are still no match for bitcoin.
Bitcoin is widely accepted and it's the most in demand crypto so it's the biggest of them all.

Therefore, bitcoin will be a major factor in the capitalist cryptocurrency, the market is quite large and even different from altcoin below, it indicates that bitcoin has been invested a lot in a long time and of course they believe in the profits that have doubled in this significant time.
Bitcoin is unmatched in the crypto market but people will consider Bitcoin a future coin of great value.

Definitely. If it's not for bitcoin, these altcoins will not go up either because the pairs they have is with bitcoin so you can think what exactly can happen if there's no bitcoin.
We can say that there's another one to dominate it and be like the father of these cryptos which is the role of bitcoin today.

justdimin

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When the whole market goes up, bitcoin has a limit where it can go because in the end the amount of money required to make it higher price gets bigger and bigger, which people realize could go to something that can go even higher.

Making bitcoin go from 20k to 22k is going to be 10% profit and requires insane amount of money whereas making ethereum go from 1000 dollars to 1100 dollars won't be all that expensive, that is why after a certain level people realize its wiser to put money into altcoins to make more profits. That eventually results with bitcoin dominance going down because the price of bitcoin may still go up a bit or stays the same but the altcoin prices suddenly start to skyrocket and that means they will worth more and dominance will fall.

ethereumhunter

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Yes, bitcoin is the biggest than the other coins. Ethereum and the other altcoin is big in the altcoin side, but still, bitcoin is the biggest in cryptocurrency. Bitcoin, as the leader in the cryptocurrency, leads the crypto market, and altcoin follows bitcoin price moves. Although the altcoin increase, the increase will not pass with bitcoin price because the altcoin will always behind bitcoin moves. In the altcoin, many coins want to be the leader in the altcoin side, but now, ethereum will be the next after bitcoin.

forexandcryptoauditor

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if we see the market capitalization of bitcoin (first place) and Ethereum(second place), there is a difference of $160 billion. It's a very huge gap and not sure it will be filled in the near future. So BTC will be always in a dominating position. And no doubt of its number 1 place for the coming years.

OasisDre

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This year will be a year for altcoin holders, bitcoin will still be profitable but altcoins will have higher return of investment, I suggest you still hold bitcoin though because nothing can be guaranteed in crypto space

tvplus006

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Quote from: abeecrypto on February 12, 2020, 06:38:25 AM

No surprises there. Bitcoin started it all and people have the most confidence in it. Yes, the dominance is huge, but I don’t think it will keep dominating this much for long. I mean, it will keep dominating, but not always by this much. Right now, there are some other cool coins that have gotten many people’s attention. As the blockchain industry keeps developing, we might see a shift.

We may see a decline in bitcoin's dominance in the near future if the growth of the cryptocurrency market continues. This will happen because altcoins will show a greater price increase than bitcoin. But if the growth of bitcoin stops now, it will entail an even greater reduction in the cost of altcoins and the dominance will become even greater.

aemma

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He is not far from the truth, I mean everyone will always go for what they believe in. To most people or rather a greater number of people in this crypto sphere values Bitcoin more than any other coin. Once there is a good movement in the market, Bitcoin takes the lead so who wouldn't want to hold a coin like that. Also, other altcoins mentioned are trying their best but not enough to make them the center of attention like Bitcoin. In my own opinion, I prefer holding bitcoin in a larger proportion and then other altcoins.

abeecrypto

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No surprises there. Bitcoin started it all and people have the most confidence in it. Yes, the dominance is huge, but I don’t think it will keep dominating this much for long. I mean, it will keep dominating, but not always by this much. Right now, there are some other cool coins that have gotten many people’s attention. As the blockchain industry keeps developing, we might see a shift.

Rengga Jati

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Quote from: bumjae1 on February 10, 2020, 06:36:10 PM

"Nobody outside of "full-time" crypto cares about anything other than BTC.

Simple, but it is true.

BTC is always considered as the most promising and trusted cryptocurrency that will always stand by itself to have a bigger ad bigger community again. Bitcoin may have a bigger fee, longer speed of transaction, high volatility, and other downsides. But, BTC still holds the most precious coin to hold, invest, and also trade. The value of BTC cannot be ignored. This is real and everybody trusts this coin.

Wysi

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Bitcoin is and will always remain to be the dominant crypto and king of cryptocurrency and that's the only reason the fluctuations in the value of bitcoin has it's effect throughout the crypto market. I don't think any other altcoins including ETH, Ripple or BCH will ever be able to replace Bitcoin and we have seen other altcoins as well growing at a rapid pace but they could not compete with bitcoin.

irixo10

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Bitcoin really earned it, not only because it is the first and solid decentralized blockchain but also owing to its uniqueness which has made everyone to cherish it. People have come to understand how valuable bitcoin is thus going for it as never before which has lead to its high market value which of course keeps growing and it will remain like that for years to come. Although other coins like Eth are trying their best but yet not a match for the king of crypto.

George Alex

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Yah The dominance of Bitcoin is uncompared and it is very strong Crypto Currency compared to others
And to remind you the thread also fit to bitcoin Discussion

TheGreatPython

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After the fall of ethereum, the dominance of bitcoin markets in crypto world is really bigger than any other market where no such single asset is contributing all the share of marketcap. There will be no wonder on seeing why bitcoin is this much bigger than any other coin in crypto markets still being such a big thing in market may enforce new investors to think about distribution of their risk factor.

Usually stock investors do follow diversification principles which means even any asset will be disappointing them, some other asset will help them to reach their target. But, in cyrpto due to only one big thing, they cannot diversify like they usually do which may make them not to invest with full confident on cryptos.

ansi

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It's old news bro, it's always been like that even in the deepest of the last 2017 bull run.
BTC is the king & will remain that way for long long time to come.
I personally hate BTC for doing this, it's just killing the rest of the crypto market & make other good projects that solve real life issues doomed to failure & unnoticeable. Sad but True.

bkbirge

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Bitcoin is like a gateway drug, and like real drugs there will be some users that stay with it, dip their toes in some other coins in a moderate way, go full fledged heroin junkie addict with the tons of shitcoins that promise the best high ever, or leave to never try any every again.

So yeah, BTC being top doesn't mean there isn't a robust market for the others. There's room for the boom.

Baoo

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Absolutely yes, It is pretty sure that Bitcoin is king of the whole market, and majority of cryptocurrencies are just the followers especially Ethereum. In fact, it is true that some of coins are really profitable especially when you have an acceptable knowledge in trading field, because without it you will be definitely disappointed, people here are so hasty , they just want to get a lot of money with 0 effort and knowledge, and it does not going to happen to be honest.
If you want to secure your money then you need to invest in Bitcoin and Ethereum.

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Quote from: tvplus006 on February 11, 2020, 01:04:49 PM

Quote from: flagpara on February 10, 2020, 07:06:42 PM

We are observing this from Beginning even from when I joined, Bitcoin always has lead value in cryptocurrency. That's called popularity in USA very low percent people didn't hear about Bitcoin and only Ethereum has over 10 percent. I don't invest in any coin where I have no interest and even I don't ever hear.

No, it wasn't always like that. In January 2018, bitcoin had a market dominance of only 37.5%. And the highest values of bitcoin's dominance were in 2016, when it reached 99%. But at that time there was a very small number of altcoins.

As we see on the chart, the situation can change very quickly. I think it is quite clear that the bear market is when Bitcoin's dominance is rising and the bull run is when its dominance is falling.
At the moment, we can say that we have stabilization, but it is still unknown if this is the end of Bitcoin's domination.
I think we still need a few more weeks to make sure it's the end of price drops and price manipulation by whales. However, we can definitely say that the situation looks much more positive than last year.

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