BTC losing its dominance big time | Bitcointalksearch.org

blackened515

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Quote from: adzino on April 15, 2021, 09:54:15 AM

Lol, stop spreading your hate for bitcoin. Spreading FUDs won't get you anywhere. In what terms is bitcoin losing its dominance? It's still the most using crypto currency and is still on the top of the charts. When someone says "crypto currencies" the first thing that will come to someone's mind is "bitcoin". Not some random shitting altcoins.
And what's this "bullish season" you are talking about. Are you saying it's the season for those scam coins to get pumped and you are trying to gather more people to do it?

Haha, I was just wondering why op said bitcoin dominance is decreasing while bitcoin just experienced new ATH some days ago, the altcoin market is increasing too but had not dominated bitcoin in anyway, beside the all round market volume of bitcoin is surpassing stock market especially gold, so there is not possibility that the dominance of bitcoin is fading away.

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Lol, stop spreading your hate for bitcoin. Spreading FUDs won't get you anywhere. In what terms is bitcoin losing its dominance? It's still the most using crypto currency and is still on the top of the charts. When someone says "crypto currencies" the first thing that will come to someone's mind is "bitcoin". Not some random shitting altcoins.
And what's this "bullish season" you are talking about. Are you saying it's the season for those scam coins to get pumped and you are trying to gather more people to do it?

tinopener

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Uniswap is up 400% or so in the last month or two.

I think the improvements on Ethereum will boost Uniswap even more, and the Coinbase IPO is going to pique interest in decentralised exchanges too.

I still see Bitcoin as being digital gold though, whereas these tokens behave more like stocks.

Interesting times though Grin

Innerpumper

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Alt season is right in sight. I think this is the last bitcoin in this trend. After all, we'll see a lot of coins flying and bitcoins returning to stability. The fun thing when buying in 2017 will be able to sell this year. Hope it becomes something more.

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Quote from: Wawa2013 on April 15, 2021, 05:18:43 AM

Even though the dominance of Bitcoin has risen again, Bitcoin dominates the market 53% which is still low in my opinion. I believe Bitcoin will
side away at $ 60k- $ 63k in the next few weeks, this provides an opportunity for altcoins to pump again. So now is a good time if anyone wants
to buy altcoins, because the prices of some altcoins are experiencing a correction.

I've got the same feeling as you because I tried to see the market today. It seems the altcoin is not moved higher or lower but it remains to the one level price, so that can be a sideway moment for the crypto market. But I guess that can be a good time for the other altcoin to lift the price while bitcoin is not moving anywhere. I am sure bitcoin dominance will be back in the market and that it is only a matter of time for bitcoin to lift the price again and I am sure that can trigger the price to break the next ATH.

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Quote from: so98nn on April 15, 2021, 06:05:48 AM

I don't see this kind of devaluation for the bitcoin at all. On one side we are discussing the loss of dominance for BTC, however, on the other hand BTC just reached its NEW ATH. If that's happening then for sure in layman language it's dominance is still perfect. Yes, the alts are pumping to because the market is full of craze right now and this year we have seen increased investments in both the sides of crypto. I suspect, institutional investors will keep the BTC dominance always on and while it's costing more to buy BTC rest of the people who lay down the line will go on buying the altcoins. This way both market stays bullish.

Exactly, we still hit another milestone this month even if the dominance is going down. So I don't know how we are going to correlate this indicator. Bitcoin is in a bull run and so are other alts as well. Maybe its time that we don't like on the dominance or at least not look at it as something that will indicate that we are still in a bull run or entering a bearish phase. It seems that is has no bearing since bitcoin's fundamentals has change already.

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Quote from: so98nn on April 15, 2021, 06:05:48 AM

I don't see this kind of devaluation for the bitcoin at all. On one side we are discussing the loss of dominance for BTC, however, on the other hand BTC just reached its NEW ATH. If that's happening then for sure in layman language it's dominance is still perfect. Yes, the alts are pumping to because the market is full of craze right now and this year we have seen increased investments in both the sides of crypto. I suspect, institutional investors will keep the BTC dominance always on and while it's costing more to buy BTC rest of the people who lay down the line will go on buying the altcoins. This way both market stays bullish.

Perhaps it is to believe that Bitcoin will keep its market's dominating power till forever. People love and trust Bitcoin which is obviously not deniable. we may say that some get disappointed and lose in Bitcoin but many were also benefiting from this. Besides, the current bitcoin price tells something that the majority were investing in Bitcoin, not altcoins. But base on my observation, altcoins will also have the rally after Bitcoin, it happens in the previous and it also happening back again. However, we can still see that Bitcoin still dominating the market even we can see that some altcoins are already in x5, x10, and more.

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Quote from: ivankoh on April 10, 2021, 07:20:28 AM

Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

My opinion is the opposite. Bitcoin has never lost its dominance, with bitcoin's market cap regularly> 60% of total market cap. It happened similarly to 2017 but even better this year. Bitcoin becomes a symbol of wealth at this point. Except for fomo that give a great boost to resilience like Doge. It still moves in an elastic trend with bitcoin.

Bitcoin never loses its dominance it is in fact undergoing some slow-down season where its price is just not moving so much.

You can invest on both, bitcoin and altcoins depending on your capabilities to make it profitable for you.

It can only have a rest and then experience bullish run again depending on its season, it is really hard to predict when bitcoin and other cryptocurrency will increase its price in the market. Studying the market, analysis, and skills is a must in order to know how bitcoin can be still become profitable during its inactive price.

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Always take risks in crypto because we also don't know sometimes tomorrow or the price will go up or down because sometimes buying late when it's cheap is more miserable than buying it now

so98nn

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I don't see this kind of devaluation for the bitcoin at all. On one side we are discussing the loss of dominance for BTC, however, on the other hand BTC just reached its NEW ATH. If that's happening then for sure in layman language it's dominance is still perfect. Yes, the alts are pumping to because the market is full of craze right now and this year we have seen increased investments in both the sides of crypto. I suspect, institutional investors will keep the BTC dominance always on and while it's costing more to buy BTC rest of the people who lay down the line will go on buying the altcoins. This way both market stays bullish.

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Quote from: Wawa2013 on April 15, 2021, 05:18:43 AM

Even though the dominance of Bitcoin has risen again, Bitcoin dominates the market 53% which is still low in my opinion. I believe Bitcoin will
side away at $ 60k- $ 63k in the next few weeks, this provides an opportunity for altcoins to pump again. So now is a good time if anyone wants
to buy altcoins, because the prices of some altcoins are experiencing a correction.

First and foremost i would like to mention that I am betting long term on Bitcoin. I think Bitcoin will have a decline but I think it will rise again after this drop. Prices have rallied so rapidly in the last few months that the cryptocurrency market cap has grown to over $2.2 trilion, up from about $200 billion this time last year. It has been a great year so far and many coins have risen substantially. For those that did buy early you're now experiencing solid profits.

But, Bitcoin is still on my "watchlist", its growing the most in a healthy growth pattern now.

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Didn't altseason started several months ago? Bitcoin's dominance was above 68 sometime in August - September last year. The fact that it dropped to this low of 50s shows that altcoins growth have dragged the dominance down a great deal. If you guys think this is is just starting, I wonder how low you guys think Bitcoin's dominance would be when altseason for this bull run peaks. 20 - 25 likely? That looks unlikely to happen but this is crypto. Judging from ETH and BNB keeps jumping in price and how new tokens gets added, I won't be that much surprised. This is crypto. But I think altseason started a long time again like November last year or so.

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Quote from: BrewMaster on April 15, 2021, 04:43:25 AM

as it was expected as bitcoin price started rising back up again we saw another altcoin dumping again which also means the bitcoin dominance is going to go back up again unless bitcoin price decides to become stable again we have to expect the same altcoin dumping to continue in size as the money exists the pumping market and comes back to bitcoin market.

I would say that when bitcoin reaches 70k, it will probably stabilize there and then it will lose its dominance for awhile and then it will continue its climb, we don't know if that is going to happen though but I am hoping that it will be the case.

Wawa2013

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Even though the dominance of Bitcoin has risen again, Bitcoin dominates the market 53% which is still low in my opinion. I believe Bitcoin will
side away at $ 60k- $ 63k in the next few weeks, this provides an opportunity for altcoins to pump again. So now is a good time if anyone wants
to buy altcoins, because the prices of some altcoins are experiencing a correction.

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as it was expected as bitcoin price started rising back up again we saw another altcoin dumping again which also means the bitcoin dominance is going to go back up again unless bitcoin price decides to become stable again we have to expect the same altcoin dumping to continue in size as the money exists the pumping market and comes back to bitcoin market.

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Bitcoin rally is not over yet, you will be surprised at the new record ATH being set...
Cryptocurrencies currently don't seem to be 'history repeat itself'. I only see the cryptocurrency rally, which includes all cryptocurrencies including Bitcoin and Altcoins. *take a risk? yes, it must be done

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Its weird to say BTC losing dominance when it is still the Top 1 Cryptocurrency that has this high value. Its losing its dominance in terms of being traded I guess because most users within the Crypto Industry have already found ways to earn in another way without having to interact with Bitcoin. They can now trade in terms of Ethereum and doing that is much profitable for other people. Being new within the Cryptocurrency Industry, they will surely buy Bitcoin and trade using Bitcoin because its one of the easiest way to do trading.

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Quote from: bandungan on April 15, 2021, 03:23:06 AM

look now brother, the dominance of bitcoin is now back high, within a month bitcoin was able to set a record for the best price. I think it is Bitcoin advantage to dominate this season and the season continues

Actually Bitcoin dominance is not back. When 63-65% of all market transactions were connected with Bitcoin, it was called a dominance. Neither it is an altseason; true altseason. But really happened - is that part of Bitcoin dominance migrated to Ethereum and BNB. That is it.
From might point of view, this is just a migration of trading masses to other altcoin. This is no a lose of regain of dominance at the moment.

isaac_clarke22

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Would still hodl regardless of what is happening right now.
Right now it got breach pass to 60k+ which is another ATH we got for Bitcoin.
Everyone is eyeing on 80k and it ain't possible to get there anytime soon, OP.

bandungan

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look now brother, the dominance of bitcoin is now back high, within a month bitcoin was able to set a record for the best price. I think it is Bitcoin advantage to dominate this season and the season continues

jerry0

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Is anyone else concerned about this as well. Even though btc is going up, the other coins are going up a much higher percentage than btc.

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Quote from: LongTimeAgo on April 11, 2021, 02:41:31 PM

Isn't it natural that Bitcoin dominance will continue to decrease as a total % of total crypto market cap, simply because there can be an INFINITE amount of shitcoins that can be introduced into the market, but only 1 Bitcoin?

This means that while bitcoin dominance may continue to decrease as a total %, it is HIGHLY unlikely that any other shitcoin will ever dethrone Bitcoin in terms of market cap. Bitcoin has already won the race.

Kinda what I was trying to point out there earlier in this thread too.

Dominance doesn't matter at all because we all know that shitcoins will continue to come and in fact they do daily. Unlimited tokens and unlimited growth. When it all falls apart, real value flows back to Bitcoin, this much we know. And defi shitcoins will be the first to go in the next wave of dumping.

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Isn't it natural that Bitcoin dominance will continue to decrease as a total % of total crypto market cap, simply because there can be an INFINITE amount of shitcoins that can be introduced into the market, but only 1 Bitcoin?

This means that while bitcoin dominance may continue to decrease as a total %, it is HIGHLY unlikely that any other shitcoin will ever dethrone Bitcoin in terms of market cap. Bitcoin has already won the race.

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Quote from: kryptqnick on April 11, 2021, 11:33:47 AM

Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Some altcoins have already experienced positive dynamics and some will probably join in as well. However, I think the change in BTC dominance is still minor to talk about a general tendency, and I don't think that there is anything similar to the 2017 altcoin boom happening in the near future. Back then, there were ambitious projects making big promises and people investing in ICOs due to FOMO. With people being disappointed after that time, I don't think that it's possible for altcoins to suddenly bloom again. Some of them might (Ethereum, Litecoin, Polkadot), but it's hard to predict the overall tendency now.

Now a lot of altcoins have bloomed again because indeed FOMO nowadays a lot of trends have happened this is because the dynamics of BTC have soared so I think altcoins will follow the market flow how the moves are going to happen, look at FOMO it's still happening people keep hunting for altcoins even they don't care if it's a big project promised even though this is only FOMO where they want big profits even though in this case it will make altcoins bloom even more.
So the DeFi trend has become everything plus BTC has a new ATH here, a lot of trusts is coming back that was left behind.

7788bitcoin

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Quote from: ChiBitCTy on April 11, 2021, 12:53:50 PM

This is just a bunch of nonsense. Bitcoin is still far and away the most dominant coin. There are so few coins worth a damn that when you're buying an Alt you've got about a 98% chance you're buying a huge pile of shit. It amazes me how many people still think that all these altcoins have a legit shot at becoming something. Don't get me wrong, there are a few..Monero and Ethereum for example, but there's very few outside of that.

You will hear these kind of chest bumping during every rally and then it will die down when the bear market catch up and it is going to be a recurring trend in the future as well Cheesy

. One thing that cannot be neglected is that every shit coin in the market rallied and it is amazing to see how further people can go to pump all the shit coins as well.

Quote from: ChiBitCTy on April 11, 2021, 12:53:50 PM

You mention 2017..well look what happened after that..bitcoin rose once again and Alts died for a long time and most never recovered. Be smart, don't blow your money on shitty altcoins.

Apart from the dead projects all the shit coins rallied this time and the pump groups are looking for shit coins to pump next Grin

.

ChiBitCTy

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

This is just a bunch of nonsense. Bitcoin is still far and away the most dominant coin. There are so few coins worth a damn that when you're buying an Alt you've got about a 98% chance you're buying a huge pile of shit. It amazes me how many people still think that all these altcoins have a legit shot at becoming something. Don't get me wrong, there are a few..Monero and Ethereum for example, but there's very few outside of that.

You mention 2017..well look what happened after that..bitcoin rose once again and Alts died for a long time and most never recovered. Be smart, don't blow your money on shitty altcoins.

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Some altcoins have already experienced positive dynamics and some will probably join in as well. However, I think the change in BTC dominance is still minor to talk about a general tendency, and I don't think that there is anything similar to the 2017 altcoin boom happening in the near future. Back then, there were ambitious projects making big promises and people investing in ICOs due to FOMO. With people being disappointed after that time, I don't think that it's possible for altcoins to suddenly bloom again. Some of them might (Ethereum, Litecoin, Polkadot), but it's hard to predict the overall tendency now.

Vishnu.Reang

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It is not surprising. Whenever there is an influx of new users, the market share of Bitcoin drops. And the most important thing that I have noticed is that this drop in Bitcoin market share started after the first stimulus checks were sent in the United States. According to various experts, anywhere from 5% to 10% of the stimulus checks were used for purchasing cryptocurrency (mostly by new investors). And in many cases these new investors went for altcoins instead of Bitcoins, and that explains the declining market dominance of BTC.

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The decrease in bitcoin domination in the last week has reflected well on altcoins. The market has turned green and investors are happy. But be careful, bitcoin's dominance will rise again.

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Quote from: ?? on ??

in fact it is true the dominance of bitcoin has dropped from about 70% to 54% but we are in the moment of its all-time highs so it seems strange to me since that users look elsewhere and buy other altcoins, i think it will be only a temporary decline

It's not strange at all. People have been doing it ever since alts came out. The last time BTC dominance slipped was in 2017 when everyone thought ETH would finally defeat Bitcoin and take over. They called this the Flippening. Now ETH is only 50% higher than that ATH of the time, while Bitcoin is 300%. So dominance does not matter here.

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Quote from: Mamun74 on April 11, 2021, 01:15:24 AM

I think bitcoin has never lost. Bitcoin is rising day by day and it will continue to rise pump.Hopefully, Bitcoin will touch 100k$ this year.So bitcoin is dominance in crypto market.

Hopefully, that can happen this year because bitcoin's support has become strong and people see bitcoin can be their new investment.
Maybe bitcoin will lose the price for a while after reaching the highest price, but that does not mean bitcoin will still going down because, after this bearish trend, bitcoin will go strong again and increase the price.
This time will be a good time for us to buy more bitcoin while bitcoin is at a bearish trend to buy bitcoin at a low price and after that, you only need to hold for a while.

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Quote from: Bttzed03 on April 10, 2021, 12:30:25 PM

78%

Where did you get this? That aggregator probably doesn't have a lot of coins/tokens listed on it or it has a completely different way of computing. Coingecko has it at 53% while it's around 54% at Coinmarketcap.

That graphics is taken from https://bitcoindominance.com/ and they calculate it a bit different. In their BTC dominance calculations they include POW coins only, and without any of those ICOs or stablecoins. They include 12 of those (BTC, ETH, ETC, LTC, BSV, BCH,DOGE, DCR, BTG, DASH, XMR and BSV) so no wonder that BTC dominance is way higher acccording to them than it it on CMC, Coingecko, Tradingview or whatever else people are using.

Whether that's the right way to check dominance is debatable, but here are the explanations from their website why they exclude stablecoins and ICOs

Quote

Bitcoin Dominance excludes ICOs because they are each controlled and issued by a centralized entity and so therefore cannot act as hard money. Even if the ICO intends to be money, it cannot offer any improvement over the current fiat system of centralized banking and money printing.

Quote

Stablecoins have a very specific use in mind: Stablecoins act as on-ramps and off-ramps between fiat and cryptocurrencies and are just an extension of government controlled fiat money.

Because The Real Bitcoin Dominance Index is only interested in tracking which cryptocurrencies are capable of becoming global money replacements one day, stablecoins cannot be included since their value and purpose depends on fiat dollars existing.

Regarding BTC temporarily loosing dominance, it was kinda expected after hovering between 55-60k for some time. It will last for some time, some people will make shit load of money while even more will loose before all that profit goes back into BTC.Few altcoins will survive while others will die. Rinse and repeat.

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Quote from: Kemarit on April 10, 2021, 07:39:20 PM

As far as I can remember during the 2017's bullrun, Bitcoin's dominance is around 43%-45% and yet it reaches a new all time high. So I guess with 50% and up, we are still good, last 24 hours we touch $60,000 again, a indication that we are not losing momentum and could still go higher even if it's dominance is going down.

Some altcoins in the top 10-20 have really been on a massive tear, reaching it's all time high. But still with Bitcoin's rally, I'm sure there will be a time that investors are going to shift again to BTC.

I don't even think there is a major shift yet from btc to alts otherwise it would have been game on for alts holders, agreed btc dominance has dropped a little (around 54.61% according to cmc) perhaps this is why many sites like yahoo finance thinking soon there will be another alts season, let's hope this drop is enough to trigger the alts season movement,
To me, I feel most of the new money coming in are on btc, so many institutions investing on btc not alts, maybe part of the reason why the so awaited alts season has a slow pace.

Mamun74

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I think bitcoin has never lost. Bitcoin is rising day by day and it will continue to rise pump.Hopefully, Bitcoin will touch 100k$ this year.So bitcoin is dominance in crypto market.

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Quote from: J1mb0 on April 10, 2021, 12:42:19 PM

~
Well, Bitcoin seems to be falling just a little bit because altcoins are thriving, but it's still king and no coin can challenge its dominance.

What we're talking about here is the altcoins outperforming BTC in terms of price increase for a certain period of time and that can be clearly seen in the charts. Nobody is questioning BTC as the king or challenging its position as the no. 1 of cryptocurrency. Again, market dominance is decreasing.

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Quote from: forexandcryptoauditor on April 10, 2021, 01:54:30 PM

Even though the current picture shows reduction in dominance of BTC, i think its too long way for alts even foe eth to come near to it. 1 trillion market cap is not a joke and it took 11 years for btc to build it. So i think in near future its not possible.

Also, just give a simple example on this situation, if you ask a noncrypto user if they know crypto? They will ask back, is it bitcoin? Most people associate crypto with bitcoin and not other alts. If you start mentioning other projects like ETH, DOGE or XRP, even if they are popular ones, ordinary people will not recognize them. Most are familiar with bitcoin, and they know about its existence, even if they don't know how to deal with it. So from outside perspectives, and not talking about certain numbers like its marketcap, bitcoin still dominates the crypto market.

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As far as I can remember during the 2017's bullrun, Bitcoin's dominance is around 43%-45% and yet it reaches a new all time high. So I guess with 50% and up, we are still good, last 24 hours we touch $60,000 again, a indication that we are not losing momentum and could still go higher even if it's dominance is going down.

Some altcoins in the top 10-20 have really been on a massive tear, reaching it's all time high. But still with Bitcoin's rally, I'm sure there will be a time that investors are going to shift again to BTC.

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Choose your coins that are going to boom from the decrease of bitcoin dominance. Hence, we are far from a declining phase in the trading cycle. Altcoins for the win

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let's take a closer look, and try to use it to analyze the potentially big pumping altcoin. now is the time for altcoin to develop and have been given a gap by bitcoin, so as much as possible with the quality of altcoin that is growing in a better direction, I really feel confident that it is time for altseason to start periodically. just see what altcoin will provide benefits when Bitcoin conditions are in calm water.

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Bitcoin dominance is strong at 55% and I can say that it is definitely strong over 50% even better. The problem I have with this idea is that when bitcoin was dropping in dominance in 2018 that was around the time when alt season happened and bitcoin stayed same and it was easier to drop all those altcoins, because when you move money from bitcoin to all altcoins that is basically divided, so instead of having one 1 trillion dollar marketcap coin and people selling while others buying and trying to balance that, you are going to have 100+ coins with 10+ million dollars and that is going to be harder to control it.

This is why a crash is easier, when bitcoin goes down just 10%, you start to see alts going down 30%+ and that ignites the fire and suddenly you start to see a big crash coming. Which is why I am not a fan of altseason, let bitcoin go up and that causes alts go up in dollar value anyway.

forexandcryptoauditor

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Even though the current picture shows reduction in dominance of BTC, i think its too long way for alts even foe eth to come near to it. 1 trillion market cap is not a joke and it took 11 years for btc to build it. So i think in near future its not possible.

lionheart78

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With some altcoin surging atm, I think Bitcoin somehow lost a little percentage of its dominance since the BTC market is currently stable at its price. I think the word Big time is an exageration since BTC dominance hasn't fell that low. That said, I still think that the current happening in the altcoin market is still under the pre-altcoin season bull run and may happen full blown at the later quarter of this year I guess.

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Quote from: Bttzed03 on April 10, 2021, 12:30:25 PM

Quote from: meanwords on April 10, 2021, 10:54:04 AM

78%

Where did you get this? That aggregator probably doesn't have a lot of coins/tokens listed on it or it has a completely different way of computing. Coingecko has it at 53% while it's around 54% at Coinmarketcap.

Quote from: J1mb0 on April 10, 2021, 12:08:55 PM

Bitcoin has never lost its dominance in the cryptocurrency market, all altcoins operate around bitcoin.
Even though altcoins are doing well at the moment, bitcoin is still at the heart of the cryptocurrency market.

Market dominance is measured by market capitalization. It's true that most altcoins are still tied up to the BTC price movement but you cannot say it never lost some of its dominance when the data clearly say so.

Well, Bitcoin seems to be falling just a little bit because altcoins are thriving, but it's still king and no coin can challenge its dominance.

bekti3

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Over time, they have been performing well in the market, so there is no harm in giving altcoins space for this month, and you should be able to prepare for a selection of altcoin that have promising potential. keep watching and take advantage of this altseason ..

Bttzed03

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Quote from: meanwords on April 10, 2021, 10:54:04 AM

78%

Where did you get this? That aggregator probably doesn't have a lot of coins/tokens listed on it or it has a completely different way of computing. Coingecko has it at 53% while it's around 54% at Coinmarketcap.

Quote from: J1mb0 on April 10, 2021, 12:08:55 PM

Bitcoin has never lost its dominance in the cryptocurrency market, all altcoins operate around bitcoin.
Even though altcoins are doing well at the moment, bitcoin is still at the heart of the cryptocurrency market.

Market dominance is measured by market capitalization. It's true that most altcoins are still tied up to the BTC price movement but you cannot say it never lost some of its dominance when the data clearly say so.

acdc

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We are currently in the altcoin bull season so a lot of market capital is pouring into altcoins so it looks like bitcoin's position in the market is down. However, when the altcoin season goes through, everything is back to normal Bitcoin is undoubtedly the king of the cryptocurrency market.

J1mb0

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Bitcoin has never lost its dominance in the cryptocurrency market, all altcoins operate around bitcoin.
Even though altcoins are doing well at the moment, bitcoin is still at the heart of the cryptocurrency market.

dhemasm

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Quote from: DaMut on April 10, 2021, 07:04:00 AM

from the chart above, if the dominance does not bounce back.

Tons of new Coin/Tokens with different unique use case, DeFi, NFT, Decentralized Storage, Cloud and many more. Some people will sell their BTC and joining some IDO For a while since it's was real instant profit and of course some IEO Like Binance Launchpad. Well, it's normal i think since the market will seek new innovation.

lobo13hf

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Quote from: devollito on April 10, 2021, 10:35:16 AM

Its still nothing co.pare to last years, it is also good for btc adoption. Because i am sure at the end those money will come back to btc dominance and it will goes up again. At btc peak bullish phase we will see 85-95% dominance for btc.

that doesn't make sense. Bitcoin is touching its yearly lowest dominance in the cryptocurrency market.
If bitcoin is still growing steadily and then money will be moving again to the bitcoin but this is for long term. The bitcoin whales were also playing with altcoins when there's no enough volatility on bitcoin.
I think that the old history will not repeat again. altcoins were also gaining more interest by the institutional investors as well.

That would be a difficult thing to get the dominance from the altcoins.
Altcoins were growing massively at the same time.

Febo

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

That is what happens when bull run in in a full spring. Bitcoin domination will reduce until we will be deep in bear market. At the end of bear market it will start to grow again.

meanwords

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I don't know man. It seems still pretty high to me. The only altcoins who are competing in the dominance are those in the top 20. Other altcoins are simply too little to compete with Bitcoin. "BTC losing its dominance big time" is kind of a stretched in my opinion.

Coin_trader

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Quote from: devollito on April 10, 2021, 10:35:16 AM

Its still nothing co.pare to last years, it is also good for btc adoption. Because i am sure at the end those money will come back to btc dominance and it will goes up again. At btc peak bullish phase we will see 85-95% dominance for btc.

The 85% to 95% is a very rare scenario to happened again. We already experienced a growth of BTC more than last 2017 Bullrun but the BTC dominance is not even close to 2017 Bitcoin dominance. The difference is because more project available right now has a real use case with working product unlike before that most project has no project and only whitepaper available. Most of the new project during 2017 is already fully developed right so there's already many loyal investors on each project.

Getting 85% and above of the total coinmarketcap is nearly impossible to occur considering the current price of bitcoin is too high now.

devollito

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Its still nothing co.pare to last years, it is also good for btc adoption. Because i am sure at the end those money will come back to btc dominance and it will goes up again. At btc peak bullish phase we will see 85-95% dominance for btc.

JooBra

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Quote from: andthereyou on April 10, 2021, 10:20:10 AM

If this current trend continue maybe we can see the most awaited altseason. By the way I am all in alts since the beginning. However bitcoin is still increasing little by little. Let's just wait and see.

It's natural for altcoins to catch up to BTC. There are new projects that have better fundamentals and more options. I think in next 5-10years we will see a project that will surpass BTC at first place. It's natural to evolve and in crypto BTC is dinosaur.

andthereyou

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If this current trend continue maybe we can see the most awaited altseason. By the way I am all in alts since the beginning. However bitcoin is still increasing little by little. Let's just wait and see.

traderethereum

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

I do not think bitcoin dominance keeps dropping because the price still above $55k and we already saw bitcoin gets more support to lift the price to $61k-$62k a few hours ago.
Although the price now is down than before, the dominance still on the way and I think it's going strong.
If the price increase, that will decrease after it hit the highest price and it will be back to the next high price, and that already happens many times.
I am not worried about that because I believe in bitcoin.
The altcoin showing a good way to increase and get another altcoin season, so we can expect to make a profit this month.

Little Mouse

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The domination has decreased significantly in the last week and it’s certainly good for the altcoin bull. However, BTC has shown a great performance today and it’s possible that BTC will break its current resistance and wilp be heading to $70k, in that case, we may miss the altcoin bull once again.
By the way, a lot of coins have already reached its ATH and they may not see no more pump. Like we had seen LTC to reach ATH in 2017 along with BTC ATH.

Bravehash

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Well here is my own thought, we still need BTC to keep doing it's thing, that's the only way altcoins can keep growing, many altcoins have did 10x already and some have passed their ATH, so just think about it if BTC stop growing now, isn't that showing that it's over??? BTC breaks the 59k resistance finally and I hope it keeps surging

Bitstar_coin

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

What percentage has btc dropped over alts? Is it below 60%, I think last time it was above this percent, if that's the case it will be good for alts holders, already some alts has been surging really high in past days, bnb is just on a part to touch $500 any moment from now,
Am happy to hear btc losing dominance, maybe now alts can have the chance to pump.

HashingTower

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Quote from: DaMut on April 10, 2021, 07:04:00 AM

from the chart above, if the dominance does not bounce back.
we should expect altseason to start this month, I am really expecting it but at the same time I am afraid.
are we really going to see it? compared to before, we are already high enough. but everything can happen in cryptocurrency.
let's hope it is going to happen and fingers crossed.

Since you used the word 👉 Afraid it means you've probably invested lots of money that you aren't ready to lose, if this is correct I suggest you replan yourself or rather use stop loss strategy, it did look like altcoin season is happening but nothing is certain in crypto world

WalkerIVIV

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Quote from: ivankoh on April 10, 2021, 07:20:28 AM

Bitcoin has never lost its dominance,

It sounds very strange for me to see that, if that was happening and why the dominance of bitcoin is always decreasing. Altcoin was gaining the more value and this is also eating the total dominance of bitcoin in the market. That means of the bitcoin dominance getting lost from the small portion.
Bitcoin is losing its domination to the market due to the altcoin bullish trend.

I think what you were saying was not true at all.

ivankoh

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Quote from: Refrumatrix on April 10, 2021, 06:13:44 AM

Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

My opinion is the opposite. Bitcoin has never lost its dominance, with bitcoin's market cap regularly> 60% of total market cap. It happened similarly to 2017 but even better this year. Bitcoin becomes a symbol of wealth at this point. Except for fomo that give a great boost to resilience like Doge. It still moves in an elastic trend with bitcoin.

DaMut

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from the chart above, if the dominance does not bounce back.
we should expect altseason to start this month, I am really expecting it but at the same time I am afraid.
are we really going to see it? compared to before, we are already high enough. but everything can happen in cryptocurrency.
let's hope it is going to happen and fingers crossed.

Refrumatrix

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Bitcoin dominance keeps dropping mates Grin

,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Topic: BTC losing its dominance big time (Read 486 times)