not all crypto follow BTC graphics, there are some stable coins that do not follow BTC charts such as BNB, ODEM, Azart, ironX, and others.
I think, the dominance of the BTC market does not have a big influence on the crypto market.
Topic: If BTC Dominance will drop to 40%, what will happen? (Read 17449 times)
BTC dominance is an useless metric, when u have people creating coins every day...
Making useless coins will not make it listed in coinmarketcap because they have a requirement. Also, they are active in delisting useless coins so most of what we see are legit coins and if some will turn into useless if will decrease its marketcap as the value will also go down, so I still believe that https://coinmarketcap.com/ is very helpful to investors.
I noticed that if BTC has a big dominant rate the entire crypto is bad, in short it looks bullish.
Though the rate now is very consistent to 50% and above, what do you think will happen to the market if it will drop that low.
Will this gives a bad or good effect to BTC and Altcoins?
it is clear that if prices continue to fall and prices become very low, then there will be market destruction and traders will experience mistrust of crypto.but things like this are very unlikely, because traders are spread all over the world and they are still trading crypto, so there will be no sudden decline in value. so let's build the economy using crypto as the foundation for all transactions that we do. Though the rate now is very consistent to 50% and above, what do you think will happen to the market if it will drop that low.
Will this gives a bad or good effect to BTC and Altcoins?
it is not the first time that bitcoin dominance will be exceeding 40% if it gets to that point. the truth be told, it is always the idea system. bitcoin has the the massive dominance and that is good news for the crypto market in entirety. consider the father of a family having dominance over his children/offsprings
BTC dominance is an useless metric, when u have people creating coins every day...
Although all currencies are pegged to the currency
However, the effect of the decline of the BTC dominance will have a strong return in conjunction with the increase of volume.
However, the effect of the decline of the BTC dominance will have a strong return in conjunction with the increase of volume.
If a decrease like that happens it probably would means that some top cryptocurrencies or the whole market have shifted a bit to altcoins or new investments have poured into the altcoin world
if btc dominance is dropped by 40 percent then it is bullish time for altcoins I think 41 percent is the least percentage bitcoin dominance reached
For me, most altcoins are just something I can trade to earn more bitcoins, but altcoins are also stablecoins, and here we can potentially see endless supply being added, making their dominance going up without the price going down.
The more stable coins we see in the market and the bigger their supply gets, the lower the bitcoins dominance will get. So to see bitcoin dropping to 40% or even 25% will most likely happen over time, even without an altcoion bull run.
And if the stock market, one day choose to get their own token so people can trade stocks 24/7, we cut easy see bitcoins dominance below 10%
The more stable coins we see in the market and the bigger their supply gets, the lower the bitcoins dominance will get. So to see bitcoin dropping to 40% or even 25% will most likely happen over time, even without an altcoion bull run.
And if the stock market, one day choose to get their own token so people can trade stocks 24/7, we cut easy see bitcoins dominance below 10%
If the dominance starts to drop, it means the price will also start to drop. Now we have seen that the price of altcoin most of the time reflects the price of bitcoin. So there is a high chance we might see that the price of the altcoins following the trend with bitcoin, thus the prices of altcoins will also start to drop. Altcoin/bitcoin are the most traded pairs in an exchange. So, the change will affect the price of altcoins.
I don't think so, drop of bitcoin dominance does not mean that bitcoin marketcap are decreasing right? Altcoin marketcaps could be bigger because of mass adoption? Bitcoin's dominance may decrease if the altcoin's electability starts to rise, but that doesn't mean the price of bitcoin will fall
I think with past recent years it is better as long as BTC is still the prime subject of exchange. When ICO hyped, there have been so many alts that every time it goes to exchange BTC loses dominance but the effect is it increases in price. Bitcoin went from about $1k in January 2017 to about $20k in December 2017. But at the same time, BTC dominance went from 87.62% in January 2017 to 38.65% in December 2017. But it was all thanks to altscoins that it's price increase. When people start buying alts at ICO, they intend to sell it and the primary partner crypto at that time was BTC so that is why it increases.
It all depends on if the whole marketcap goes up or not. If we ever go into another bull run at some point and the whole market capitalization say goes to one or two trillion dollars, then it will not matter if the Bitcoin dominance will go down or become less than fifty percent, because the whole of the market will have gone up in value. Of course if the CMC remains at these low values, then of course it will be better for altcoins if Bitcoin dominance goes down, but to be honest that won't happen unless there is a bull market sentiment and after a Bitcoin parabolic bull run event, which will induce people to inflate the price of altcoins to make even more profit form BTC.
i know that the bitcoin dominnace will be on the top of the cryptocurrency list, but if the bitcoin dominance drop to 40% it means that many people sell their bitcoin and nobody dont want to buy it, i think it will affect the price of bitcoin even the altcoin and other cryptocurrency price
Nothing special happens except that the bitcoins swings won't majorly correlate with the altcoin swings.
We even witnessed this recently when the BTC dominance was down to around 30%... Shortly after this we had a major bear market where BTC dominance wen't back up to over 50%.
What I observed however, is that, the bigger the bull run, the lower BTC dominance becomes or in other words, the higher the bitcoin price becomes, the lower it's market dominance gets.
We even witnessed this recently when the BTC dominance was down to around 30%... Shortly after this we had a major bear market where BTC dominance wen't back up to over 50%.
What I observed however, is that, the bigger the bull run, the lower BTC dominance becomes or in other words, the higher the bitcoin price becomes, the lower it's market dominance gets.
I noticed that if BTC has a big dominant rate the entire crypto is bad, in short it looks bullish.
Though the rate now is very consistent to 50% and above, what do you think will happen to the market if it will drop that low.
Will this gives a bad or good effect to BTC and Altcoins?
I think if bitcoin dominance below 50% it's bad for all cryptomarket, if you analyze back history crypto market you may see all altcoins following Bitcoin.. Though the rate now is very consistent to 50% and above, what do you think will happen to the market if it will drop that low.
Will this gives a bad or good effect to BTC and Altcoins?
If the dominance starts to drop, it means the price will also start to drop. Now we have seen that the price of altcoin most of the time reflects the price of bitcoin. So there is a high chance we might see that the price of the altcoins following the trend with bitcoin, thus the prices of altcoins will also start to drop. Altcoin/bitcoin are the most traded pairs in an exchange. So, the change will affect the price of altcoins.
And now, after we see bitcoin price make a correction in a few hours ago, the altcoin still going to the higher price but before it happens, the altcoin following to adjust the price. Altcoin will go down if bitcoin drops, no matter how much the percentage, because altcoins move, depends on the bitcoin price. But now, some altcoins is going to increase because bitcoin now trying to reach the higher price before and we could hope that in the next week, all coins can increase together
Yes If Bitcoin dominance will drop low to 40% in the crypto market I doubt that it will effect the Bitcoin price significantly unless it looses its users confidence regarding the future of bitcoin because often its price seems to decrease when there is a huge supply to exchanges more than the demand due to investors moving alternative currencies or investment options so dominance has nothing do with its market price
If the dominance starts to drop, it means the price will also start to drop. Now we have seen that the price of altcoin most of the time reflects the price of bitcoin. So there is a high chance we might see that the price of the altcoins following the trend with bitcoin, thus the prices of altcoins will also start to drop. Altcoin/bitcoin are the most traded pairs in an exchange. So, the change will affect the price of altcoins.
This is not the case all the time, during the last bull run, the dominant rate of BTC is lower than the current one, but BTC has reached a good price. It will only drop if there is no increase in the entire marketcap, but like last bull run, there is a significant increase and we all witnessed that.
If the level of Bitcoin capitalization falls below 40 percent, nothing much will happen. Of course,
the market at the same time completely fall in price. For this to be of great importance, Bitcoin capitalization must fall so much that it loses its price dominance over other types of cryptocurrency. In this case it would be interesting to see what will happen next and how the whole cryptocurrency will behave. I think that Bitcoin and in any case will steadily decrease in the level of capitalization and the loss of price domination will occur sometime.
the market at the same time completely fall in price. For this to be of great importance, Bitcoin capitalization must fall so much that it loses its price dominance over other types of cryptocurrency. In this case it would be interesting to see what will happen next and how the whole cryptocurrency will behave. I think that Bitcoin and in any case will steadily decrease in the level of capitalization and the loss of price domination will occur sometime.
If the dominance starts to drop, it means the price will also start to drop. Now we have seen that the price of altcoin most of the time reflects the price of bitcoin. So there is a high chance we might see that the price of the altcoins following the trend with bitcoin, thus the prices of altcoins will also start to drop. Altcoin/bitcoin are the most traded pairs in an exchange. So, the change will affect the price of altcoins.
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