At least that's a newbie opinion on the subject 
The rank may seems Newbie but those were some good insights 
Good job on the post. 
Topic: BTC market dominance: why it doesn't matter - page 2. (Read 427 times)
Good job on the post. 
Well you're going a bit ffar saying it's positive but it's indeed not a bad thing in itself.
Fact is that as much as they want to draw attention, most other coins HAVE to go through BTC first. It means that when such coins get dumped... Money goes back into BTC
Fact is that as much as they want to draw attention, most other coins HAVE to go through BTC first. It means that when such coins get dumped... Money goes back into BTC
For bitcoin die-hards, this is actually not the case as they care only about profits and not spreading the development and the idea about cryptocurrencies. Sooner or later, bitcoin market dominance will fall, as the money would surely go to other developed cryptocurrencies and people would learn that other coins exist apart from bitcoin, and they will now learn to diversify and bet on different coins. BTC market dominance is just an indicator of how much attention bitcoin markets are getting, and apart from that it's nothing else, really.
So above all the FUD I've read, there is one argument I just don't like cause it's not a lie, it's a stupid illogical argument.
The argument is to say that overall BTC dominance has been divided by two over the last year which proves that BTC is a technology that can only die. That it's no longer innovative enough and will disappear.
Now it's true that looking at the charts BTC dominance felt under 80% begining 2017 to never come back even above 60%.
So what?
BTC market dominance going lower just means the cryptoworld as a whole is exploding with new ideas and new projects! That there is more and more money invested in different kind of tokens and coins! But what's the first base coin for all this? BTC.
We will worry the day a coin dominance is higher than BTC dominance, until then, seeing BTC dominance going down is a GOOD thing because it means crypto as a whole is benefiting from BTC fame and investments are coming. There is nothing wrong with that.
At least that's a newbie opinion on the subject
The argument is to say that overall BTC dominance has been divided by two over the last year which proves that BTC is a technology that can only die. That it's no longer innovative enough and will disappear.
Now it's true that looking at the charts BTC dominance felt under 80% begining 2017 to never come back even above 60%.
So what?
BTC market dominance going lower just means the cryptoworld as a whole is exploding with new ideas and new projects! That there is more and more money invested in different kind of tokens and coins! But what's the first base coin for all this? BTC.
We will worry the day a coin dominance is higher than BTC dominance, until then, seeing BTC dominance going down is a GOOD thing because it means crypto as a whole is benefiting from BTC fame and investments are coming. There is nothing wrong with that.
At least that's a newbie opinion on the subject
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