This is ridiculous.
Bitcoin is according to CNBC now at 14% of the Market share due to a rise of alternative Cryptocurrencies globally
No, the article says that Bitcoin's market share is at 37.6%. However, the article is from January, and Bitcoin's market share has now actually risen to 42%. So that's two inaccurate statistics that you're sharing.
But what makes this even more ridiculous is that the "market share" is just a percentage of the total market cap, and the market cap shows little about how dominant BTC is in the market. Many small cryptocurrencies have propped up market caps and frequent pump and dumps which make their "share" of the market pretty questionable.
ah damit
was confused with the numbers, but they still claim its currently the lowest,ever
and i think the mechanism is correct and will continue, bitcoin is not spendable at all. and countless icos have no interest supporting it after bitcoin served the purpose of removing the banking cartel
the article was from january bitcoin was at 12k usd back then and there it had 37.6% how can that have been grown even ethereum grew in its comparable value size per btc..
regards
Well, now that you have seen this and you know the actual data, that article and its predictions or the idea it wants to propagate isn't making sense at all, right?
If we would have continued on the bear trend probably Bitcoin would have gone to above 50%.
And since you mentioned Ethereum, don't forget that it crashed from an ATH of 1432 to the now 500, and that was during January when Bitcoin was already below 15 000.
Either way, those statistics about dominance and market share mean nothing as long as between those altcoins we count billions like in the case of Bitconnect or god knows how many scams that are just waiting to pop.
Get done with numbers. We already know people are putting in their money first to botcoin before anything else. Bitcoin is the turning ground for anyone willing to invest in crypto
Hihi, this is funny.
I checked to see if there is an actual botcoin out there and surprise...nobody thought of this name? With all these crazy names, this is weird.
