Future Bitcoin Dominance | Bitcointalksearch.org

GreatArkansas

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Quote from: newdevices on May 21, 2021, 01:21:13 PM

I am surprised, even though the dominance of Bitcoin has fallen to the level of 40%, and why has the altcoin price not increased?
(....)

For me, it's because of the dumps that happening on Bitcoin.
If you take a look, Bitcoin dumps a small percentage but look at most of the altcoins, they dump almost 2x-3x more than Bitcoin.
A few days ago, Bitcoin Dominance seems to reverse which bottomed out around 40%.

If the dumps will continue, for sure Bitcoin Dominance will still rise.

newdevices

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I am surprised, even though the dominance of Bitcoin has fallen to the level of 40%, and why has the altcoin price not increased?
Are whales still watching or what? In 2018, when the dominance of bitcoin fell, altcoins experienced a fantastic surge,
for some reason this time it was really different?

Natalim

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I don't think it will ever happen again, with the huge number of altcoins and some of them really have big support from investors, bitcoin dominance will decrease over time. Altcoins is already part fo the market, even if we say that most of the altcoins are scam but they still hold a good percent in market in overall. Maybe the biggest dominance of bitcoin in the future is at least 30% as more potential altcoins will be born.

Fundamentals Of

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Quote from: Lucius on May 20, 2021, 08:24:15 AM

Quote from: Fundamentals Of on May 20, 2021, 08:07:12 AM

It is easier to notice that altcoins such as Ethereum (ETH), Cardano (ADA), Binance (BNB), Litecoin (LTC), and many others are also getting stronger along with Bitcoin.

It is true that altcoins are increasing their dominance, but if we take ETH as an example, then we can see that its greatest dominance was more than 10% higher in mid-2017 (31%), and that today it is around 19% - which means that there are a lot of new players taking part of their crypto cake. They are of course just riding on a wave created by BTC, which we have seen many times in the past.

Yes, it is obvious that the number of other crypto projects are multiplying fast. Around 2017, if I am not mistaken, there were only at least a couple of thousand altcoins listed on CMC, for example. Right now, it is numbering to around 10,000. That is quite a growth over the past few years. Of course, the majority are still shitcoins but still they are also partaking in the overall distribution of crypto funds. Many of them have also created their own communities, attracted investors and supporters, released certain products, made partnerships, etc.

suchmoon

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Any kid can make up a quadrillion memetokens so this combined with the idiotic way market caps are calculated - without regard to liquidity or any other metric that actually matters - likely means that BTC dominance won't get back above 70%, let alone 90%.

OgNasty

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Dominance rose to around 70% in 2017 if memory serves me correctly. So far this rally has felt nearly identical, like I've gone back in time. I expect we'll probably see a recovery in BTC and alts failing to rise as quickly now that people have gotten a taste of what the actual end of this bubble will look like. Sure, there's way more shitcoins this time and Elon helping some shitcoiners get rich won't help the issue... That being said, I think we're likely to not reach the 70% mark of the past, but at least break back above 50% and maybe reach 60% before this peak is ready to implode.

sunsilk

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It can happen soon that the high bitcoin dominance might be seen again but not that high of 90%. When most of the investors have come to realize that bitcoin is still and will always be the king of this market.

There's still a big portion for Ethereum and the other cryptos in the market which gives them a share of around 30%-40% if bitcoin is at high of its dominance. But for now, we're seeing that the dominance of bitcoin has dropped to 42% which means that the money is with the altcoins, defi, swaps and other projects but soon it will turn back again to bitcoin once they're done.

jostorres

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Quote from: GreatArkansas on May 19, 2021, 11:30:16 PM

Are we still gonna see 90%+ Bitcoin dominance in the future?
With all these altcoins popping everywhere, we saw a huge drop of Bitcoin dominance since the year 2021 started and sideways last 2 years.

I doubt we will ever see 90% ever again. That was once upon a time thing and will never happen again. Even during the big bitcoin run there wasn't a chance bitcoin could get there, it was around 70% levels and that was the max it could reach, I do not think that we will see anything more than that.

50%+ is easy because that is not hard and even 60%+ is easier than people imagine, all it needs is either altcoins crashing faster than bitcoin (which happens during a bear run) or a recovery on all coins usually means first it is bitcoin then its other stuff. Which is why I think it is obvious we are not going to see anything shocking, 60%+ type of deals in the future, but never 90%+ type of deals ever again. That was when bitcoin was alone and all others were not even close to it, nowadays there are so many coins people love and support aside from bitcoin.

mk4

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The Bitcoin dominance being quite inaccurate aside, I kinda doubt it. Whether we like it or not, interest with altcoins have increased a lot, and are really likely just going to continue to increase from here.

In my opinion, I'd say we're only going to have 70% Bitcoin dominance at best; most probably in heavy bear markets where alts drop harder.

Lucius

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I wouldn't bet that 90% would be something we'll see again, unless something very bad happens to altcoins - some kind of regulation that would kick most of them off the market. At a time when every slightly better computer-literate kid is creating their own cryptocurrency, the dominance BTC had before simply melts away - as new cryptocurrencies emerge like mushrooms after the rain.

Quote from: Fundamentals Of on May 20, 2021, 08:07:12 AM

It is easier to notice that altcoins such as Ethereum (ETH), Cardano (ADA), Binance (BNB), Litecoin (LTC), and many others are also getting stronger along with Bitcoin.

It is true that altcoins are increasing their dominance, but if we take ETH as an example, then we can see that its greatest dominance was more than 10% higher in mid-2017 (31%), and that today it is around 19% - which means that there are a lot of new players taking part of their crypto cake. They are of course just riding on a wave created by BTC, which we have seen many times in the past.

Fundamentals Of

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I doubt we can see more than 90% Bitcoin dominance in the near future. It is easier to notice that altcoins such as Ethereum (ETH), Cardano (ADA), Binance (BNB), Litecoin (LTC), and many others are also getting stronger along with Bitcoin. The more adoption is growing, the more these top altcoins would also reach supporters. Not to mention that new kinds of altcoins such as DeFi tokens are also becoming increasingly popular these days. These other projects would definitely divide crypto investments.

tokeweed

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^ High BTC dominance just means alt szn is over. Historically everybody tethers up, holds fiat, holds everything in BTC or mixes it up with a hedging strategy while holding BTC. So yeah.. It doesn’t really mean anything.

Anyway check out the wick in the weekly. It’s going to be hilariously funny if it ends the week in the green.

GreatArkansas

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Are we still gonna see 90%+ Bitcoin dominance in the future?
With all these altcoins popping everywhere, we saw a huge drop of Bitcoin dominance since the year 2021 started and sideways last 2 years.
Since 2017, we are not able to see 80%-90% Bitcoin dominance, it's been 4 years.

What are the instances that we could see the Bitcoin dominance above 90% again?
When we got low Bitcoin dominance, does that means we will also see a small percentage of pumps on Bitcoin or ROI on it?

P.S. I'm not bearish on Bitcoin.

Topic: Future Bitcoin Dominance (Read 149 times)