Topic: Dominance of BTC (Read 270 times)
We know that bitcoin is the first coin here, so it is normal if it dominates other coins in the crypto market. The price of bitcoin also influences the price of other coins. We don't know what will happen in the future, so it will be good for us if we also have other coins in our wallet.
It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods? 
Bitcoin is not perfect. All of us understand it in high extent. But at the same time we also understand that cryptocoins are developing and becoming real competitors to Bitcoin. So it is necessary to be aware about it.
I think with the alt coin market being beaten down Bitcoin dominance doesn't exceed the mid-50s. I think that because our adult market will see less dominance by Bitcoin and less correlation between Bitcoin and Alts and Bitcoin will begin to appear for what it is than as a proxy for the entire cryptocurrency market.
It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods?
i think this dominance will be questioned sooner or later and now it gives a healthy competetive impuls for those who are determined to create something better than btc
This is not a bad thing, only good coins are valuable. Bitcoin creates a very reasonable cryptocurrency. So it is currently the king of cryptocurrency.
And in fact Bitcoin has always been the Head of the altcoin. I think the movement of bitcoin always or 96% affects the price of altcoins, that's when I analyze the graphs. Whether it's right or wrong, it's only my own point of view until now. It can be concluded that it is appropriate if bitcoin is always the best and most popular.
It's never healthy for a market to have one asset dominate the market.
One of the reasons crypto is so volatile is because it is so dependent on bitcoin.
although exchanges that do atomic swaps and are decentralized are popping up.
The fact is, that btc is the only real practical crypto to cash out on.
Until there is more infrastructure to liquidate a variety of assets, btc will still have a large portion of the market share.
But, then there is the problem of btc itself.
It's expensive and slow, not really practical for everyday use.
So eventually, something better will replace it, it's the natural order of things.
One of the reasons crypto is so volatile is because it is so dependent on bitcoin.
although exchanges that do atomic swaps and are decentralized are popping up.
The fact is, that btc is the only real practical crypto to cash out on.
Until there is more infrastructure to liquidate a variety of assets, btc will still have a large portion of the market share.
But, then there is the problem of btc itself.
It's expensive and slow, not really practical for everyday use.
So eventually, something better will replace it, it's the natural order of things.
We can not deny that virtually all altcoins repeat the price movements of bitcoin, and this is the price dominance. It is generally believed that it depends on the level of bitcoin capitalization, since its capitalization level significantly exceeds the level of capitalization of other crypto-currencies. We see that this year bitkoin has fallen in price and all the crypto-currency market has fallen and lies throughout the year together with bitcoin and does not grow in price terms. Is it good or bad? In my opinion, very bad. I think that the market is more wise and in the near future will find a way out of this impasse.
It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods?
There is a possibilities that another cryptocurreny to be dominant just as bitcoin does, but it would takes so much effort to do that, cause people tends to keep looking on Bitcoin before they look on another cryptocurrency. Perhaps it's just mindset that makes bitcoin dominant to the altcoins. 
bitcoin really deserves get dominance from the crypto market and there's nothing wrong if bitcoin has it. do not make it a silly reason that the dominance of bitcoin has a negative impact on the growth of altcoins, that is not true and an unreasonable reason.
It can't be denied that Bitcoin is one of the determing factors on Crypto or ALT Coin Market on the treed. With the ups and down on the price value of Coins as posted on the market. Bitcoin show's stability, realiabilty on the Crypto Business Market. The drviving force of Bitcoin on the market is very visible. Let's just seat thight and monitor our investment.
bitcoin really deserves get dominance from the crypto market and there's nothing wrong if bitcoin has it. do not make it a silly reason that the dominance of bitcoin has a negative impact on the growth of altcoins, that is not true and an unreasonable reason.
Acceptability of bitcoin makes it the dominant coin, and this is as a result of its stability, security and so on, i will rather deal in coin that is generally accepted, that makes my transaction and deals easy.
Altcoins needs to delivery a working product and grow gradually in rank.
Altcoins needs to delivery a working product and grow gradually in rank.
first of all there is absolutely no consequence for bitcoin or others if bitcoin's dominance (the real dominance or the fake dominance that newbies use) grows or shrinks. if a project is good, it is good. people who are adopting bitcoin (for example a merchant in Japan that started accepting BTC for the goods he sells) is not choosing bitcoin because of some arbitrary number that you call dominance. they choose bitcoin because of a thousand and one reasons including decentralization, security, immutability, no taxes,...
secondly what newbies call dominance is just a fake number produced by market capitalization which is fake itself since it is multiplication of supply and price where supply of 90% of the market is fake.
secondly what newbies call dominance is just a fake number produced by market capitalization which is fake itself since it is multiplication of supply and price where supply of 90% of the market is fake.
nice, so the fake data on market price is true, there are rumors that fake data are swarming the market because ICOs do so, this must be stop, i hope some one or the system will solve this issue, awareness i think is one of the key, never rely on too good to be true publicity to influence the users or the market itself.
It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods?
Well, i think it is normal for bitcoin to dominating in the market because first, the price of bitcoin is the highest, and second, bitcoin has many holders because bitcoin is created in 2009, so the volume in the market is very high because peoples trading coins with BTC is the most used pair.
Mone has consolidated into BTC during the downturn so it has held its value a bit better than alts. But I expect less dominance in BTC when the next bull market hits. Money will rush into altcoins.
It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods?
The most important characteristic of bitcoin is that it is very sustainable crypto currency and it has made its existence since more than a decade and still is on the path of success and in this period of one decade, bitcoin has made a tremendous progress and has secured first position among all crypto so no doubt that how much potentiating the bitcoin is as not only this there are millions of people around the world who are investing into bitcoin and therefore bitcoin is considered as superior and dominant over all the kind of investment.
I think the success of bitcoin varies indifferently with the users
If you get maximum profits from trading bitcoin , you won’t worry if it does less than 30 % because you know you still get your profit
If you get maximum profits from trading bitcoin , you won’t worry if it does less than 30 % because you know you still get your profit
I don't think BTC needs to maintain a dominance of over 50% to be successful, last year it was down to just over 30% and we couldn't say it was less successful. The only true measure of success is the number of active users, this matters far more than dominance, market cap and even trade volume as these are all poor indicators of usage.
Bitcoin was born during the global financial disaster of 2008, which was caused by the policy of central banks. It is the desire of the citizens of the world to protect their savings from state arbitrariness, making it the first crypto currency out of competition and, at the same time, the world's first global bubble. Bitcoin is not subject to inflation and if it is used as an international reserve currency, states will have to revise the basic financing mechanisms from inflation to direct taxation. It is possible that the only means of financing will be taxes and in international trade no country will have privileges over any other! Here is a brief explanation of why bitcoin has no competitors.
Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all.
I'm not sure if this hold correct. Altcoins, however new, have been playing an equally important role in crypto market. Yes, we can definitely say that BTC has dominated it but that's also partly because it's been here since the beginning. While altcoins are relatively young. A lot of altcoins have shown immense potential and I'm sure they will emerge equally strong that to BTC with time and accepatability.
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