Topic: BTC market dominance from 87% to 36% in 1 year. Where will it be on Jan 1, 2019? (Read 154 times)

If we consider all the world's gold is worth something like $8 trillion dollars and the total broad money supply is something like $90 trillion dollars, if Bitcoin really is ascribing itself the role of "digital gold", it wouldn't be unreasonable to see it under 10% of the total crypto market cap.  I honestly wouldn't see that as a problem.  If people are wrong about how useful and successful Lightning is going to be, altcoins are absolutely going to fulfill the primary role of broad money in the cryptospace and Bitcoin will just be a settlement layer for the elites and the extremely wealthy (along with anyone else lucky enough to be on board when it was still cheap, i.e. us).  So the stakes are pretty high.  The developers have rather painted themselves into a corner on this one.  Lightning has to work.

My thoughts are that if people are right about Lightning, but people mostly use Lightning for it's best application (in my opinion) of Atomic Cross Chain Transactions, altcoins might still fulfill a reasonably large role as broad money and continue to have a larger share of market capitalisation.  The ability to switch to other blockchains that also support Lightning without relying on centralised exchanges means that if fees are high for storing transactions in Bitcoin's blockchain, you just make 1 transaction to move to another chain and then spend your funds with as many transactions there as you need, faster and with lower fees, but still have the security of being recorded on a decentralised blockchain.  Similar to previously floated concepts of "sidechains" or "treechains".  

Whatever happens, it's likely that Bitcoin will still be the most valuable coin and the primary blockchain that effectively secures all the others (what tends to be referred to as layer 0) as the backbone, so at least it will have vast purchasing power at the time you exchange it for whatever your preferred altcoin is so you can actually spend it without being hammered by fees.  You can also tailor the level of desired security with the value of your transaction.  Larger sums go on more secure and decentralised chains, smaller sums on the less secure and potentially more centralised ones.  There could even be specialty chains for certain markets, like a blockchain just for property deeds and ownership in a certain jurisdiction for example.  The possibilities are endless if we can get Atomic Cross Chain Transactions functional.

Right now market cap does not  say much since people don't invest in what a company already has published but what they are going to publish.

This way BTC will lose in dominance because the tech is out of date and others will dominate the market. I say that in this year, BTC will be dethroned as number 1.

This is no financial advise, only my opinion.

Bitcoin's declining market dominance is also observed when analyzing its impact on other cryptocurrencies. For much of the year, it wasn't uncommon for the overall market to follow bitcoin's lead.

Other coins have succesfully alerted people to invest in them hence why bitcoin is not as strong as it used to be. But being the first of all coins I think Bitcoin will still have its place in 2019 as it has a stronger foundation than others. However, I reckon it will be replaced by one of the altcoins in the next couple of years.

Yes, that is sad but true. But if you have noticed that the overall crypto market is increasing in size as investors are investing in different assets. I believe, the price dropped mainly because of the congested network and high transaction fees. Because nothing significant had happened in global level that can be cited as the reason for price drop for bitcoin.

But the positive thing is that, the overall size of the crypto market is increasing. Probably not by the bitcoin, but with other assets. I hope the scenario will change in the new year and we will be able to see bitcoin growing again.

price always rise up and then fall down this one very normal , marketcap that you see there is relate to price if price change marktcap change also this one no rocket science actually ,, other altcoin diffferent from bitcoin no store of value like bitcoin so everything there less time and short terms thing ,, not like bitcoin who price change up or down it take something longer than 1 year for this to complete ,, other altcoin price change only need some few weeks for both up and down bitcoin need few years because bitcoin market bigger other altcoin smaller you see this one ?
so price of all other altcoin soon they fall in few week or maximum times maybe few month ,, obvious this faster than bitcoin change either up or down
so like this way , bitcoin always be domination the way it hold full marketcap of whole market because it very slow to move around because of bigger market obvious ,, but alls other altcoin very fast because market smallr i hope you understand it what i am saying
this one you must study to understnd it if you are real investor i think you should know this one
marketcap relate to price , price move easily when markt small when market big like bitcoin market more volume need for price to move
more attention you should pay to volume not market cap when you see volume you will see bitcoin too much big for these small altcoins

https://coinmarketcap.com/charts/#dominance-percentage