If BTC Dominance will drop to 40%, what will happen? - page 2.

xWolfx

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Quote from: ralle14 on March 20, 2019, 09:05:14 PM

That's not right because Bitcoin is still the most widely traded cryptocurrency the amount of impact it does to altcoins won't change. Last year Bitcoin's dominance was less than 40% and we all saw how many billions of dollars were wiped because of Bitcoin's gradual decline. Kasabus is correct the dominance is not a good metric to determine how big can a cryptocurrency cause to other cryptocurrencies.

Yes the impact on altcoins won't change. Bitcoin is still the most widely adopted Cryptocurrency and is the face of Blockchain and consumer's preference is not something you can overwrite easily. Every businessman with a big enough organization or group of them can tell you how truth that statement is.

The impact won't be for Bitcoin only. It will affect the whole Crypto World one way or another.

carter34

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Quote from: betty11 on March 21, 2019, 09:13:33 AM

If it drops, I will be very glad, because funds will flow to altcoins and this will generate huge profit for the holders of those altcoins.

Probably so, that is what will likely happen because liquidity will be transferred to altcoins and more people will start believing and coming in to altcoin which will certainly lead to price rise for them.

Mrsparks

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It's definitely a good for altcoins..People say all altcoins are tightly bound to bitcoin but it's a wrong idea. Take a look at bnb while bitcoin has remained almost stationary in the past few months, BNB has grown remarkably in value.. An active use case with a ready market for altcoin projects will make bitcoin loose it's dominance.

Zythiphill

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I think especially nothing will happen, since the dominance of bitcoin was 37 and nothing happened in the market, think bitcoin will always dominate the market

maianh09

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Quote from: Questat on March 18, 2019, 11:37:43 PM

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?

Reducing the total value of Bitcoin in the market to 40% will be a bad thing for Bitcoin and the whole market. I don't want this to happen because it will cause long-term major corrections and investors continue to suffer from long-term losses.

lionheart78

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I think nothing special will happen, I believe BTC dominance is destined to drop. It is normal in an ever evolving market. At some point one can reach its peak of dominance and after that it will slowly go down and replaced by another one which is more advance in terms of technology and more user friendly.

malikusama

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Quote from: Questat on March 18, 2019, 11:37:43 PM

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?

In technical terms bitcoin dominance in the market depends on its market cap, if dominance drops it shows more investors are inclined towards altcoins, but who cares? At the end all these altcoin investors move back towards bitcoin which is much reliable than altcoins.
On one side there are thousands of altcoins in the market, but on the other there is only one bitcoin which is most reliable and strongest crypto, and that's enough.

r1s2g3

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Quote from: Questat on March 19, 2019, 12:36:56 AM

Note : during the last bull run, even shitcoins made a rally also, so it could happen again IMO.

After that bull run, we get the bear run and bunch of people losing interest in crypto.
In short, less the BTC dominance means shitcoin is dominating and we can again expect a start of a bear market and climate of FUD.

Kelvinid

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Quote from: betty11 on March 21, 2019, 09:13:33 AM

If it drops, I will be very glad, because funds will flow to altcoins and this will generate huge profit for the holders of those altcoins. Nevertheless, this doesn't make the bitcoin look troubled or in any eye of the storm. I even want the dominance of the bitcoin to drop, but I doubt this will happen soon or ever since traders have more trust on bitcoin than any altcoin.

There is no funds transfer happens when BTC will drop. If BTC drop again, definitely the entire market will dumps also most particularly for Altcoins cause we know that how becoming dependent into BTC. We have notice for BTC's uptrend motion but isn't comfortable enough to think that we will going into bull run, it maybe it is just a start for market settlement.

betty11

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If it drops, I will be very glad, because funds will flow to altcoins and this will generate huge profit for the holders of those altcoins. Nevertheless, this doesn't make the bitcoin look troubled or in any eye of the storm. I even want the dominance of the bitcoin to drop, but I doubt this will happen soon or ever since traders have more trust on bitcoin than any altcoin.

imstillthebest

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It dosent have any effect because it’s just a dominance that is derived form the share distribution of the total market capitalization.

Dominance means domination . so if that drops , the price is also expected to drop but 40% is only small so i think its not a big issue at all and besides , that drop can still be recovered because there are always new people that will enter on the bitcoin industry .

Quote from: Questat on March 21, 2019, 04:49:11 AM

Correct because the last bull run, BTC did not increase more than x10 but altcoins did increase more than x10 , some even have a x100 increase.
Therefore, when correction happens, it's just normal that altcoins will dump harder than BTC and we can confirmed that now.

How can that be possible when we all know that alts and btc are moving as one ? When it comes to pumps , alts cannot pump 100x or more compare to bitcoin because alts do only have a small base value . maybe you hold alot alts , thats why it make an illusion that they increase alot .

zgrdyg

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I don't think it is a big deal BTC dominance dropping to %40. It means some alts gained value and most of the times, BTC takes that value back.

Red-Apple

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if this was something like trading volume, value, utilities, merchant adoption, decentralization,... and basically anything meaningful like that then you should have been worried and that kind of drop meant a serious competitor is in the market but so far altcoins have not been able to compete in anything meaningful and market cap (aka dominance) doesn't mean anything to anybody except the altcoin pumpers who intentionally inflated their coin's market cap to pretend competing.

gentlemand

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Not much'll happen. I've no doubt it will happen at some point.

I find it pretty amazing that alts have delivered pretty much zero, and indeed have brutally fucked an awful lot of people, yet they're going to explode again at some point without having had to have achieved a single thing.

denzkilim

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Quote from: Questat on March 18, 2019, 11:37:43 PM

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 don't think that there would be a huge difference if Bitcoin's dominance dropped to 40% in Coinmarketcap and most of the pairings of alternative Crypto Currency are Bitcoin paired so we can expect that Bitcoin is the mostly used Crypto Currency and I don't think that it will be dropping to 40% or below that range this time but who knows it might drop again, because way back in January 1, 2018, Bitcoin's dominance dropped from 36% and it is really hard to say if it is going to give a bad or good effect to Bitcoin and Altcoins. Cheesy

Herbert2020

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Quote from: Questat on March 21, 2019, 04:49:11 AM

Quote from: killat on March 21, 2019, 02:56:36 AM

Quote from: Questat on March 18, 2019, 11:37:43 PM

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?

Usually when Bitcoin dominance increases this means that altcoins are very cheap and this corresponds mostly with bearish trends.

When btc dominance lowers, altcoins become more expensive (bull run), btc price increases also, but not with the same speed.

Correct because the last bull run, BTC did not increase more than x10 but altcoins did increase more than x10 , some even have a x100 increase.
Therefore, when correction happens, it's just normal that altcoins will dump harder than BTC and we can confirmed that now.

first of all bitcoin went up about 22x during the 2017 bull run.
secondly it has never been about the size of the rise but the quality of it. there are shitcoins that have risen more than 1 million percentage in less than a week but that doesn't make them any good and there have been shitcoins that have gotten pumped for about 50% but their dump has been even harder.
you see the only thing that matters is whether a rise is a pump or an actual rise. what bitcoin had was a rise due to its adoption so it doesn't matter how big it is, it will be solid even if we drop way below that level (in which case it will be considered under value) but for altcoins it was pump so it was fake and it needed to get dumped harder.

Questat

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Quote from: killat on March 21, 2019, 02:56:36 AM

Quote from: Questat on March 18, 2019, 11:37:43 PM

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?

Usually when Bitcoin dominance increases this means that altcoins are very cheap and this corresponds mostly with bearish trends.

When btc dominance lowers, altcoins become more expensive (bull run), btc price increases also, but not with the same speed.

Correct because the last bull run, BTC did not increase more than x10 but altcoins did increase more than x10 , some even have a x100 increase.
Therefore, when correction happens, it's just normal that altcoins will dump harder than BTC and we can confirmed that now.

BigBos

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Quote from: killat on March 21, 2019, 02:56:36 AM

Quote from: Questat on March 18, 2019, 11:37:43 PM

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?

Usually when Bitcoin dominance increases this means that altcoins are very cheap and this corresponds mostly with bearish trends.

When btc dominance lowers, altcoins become more expensive (bull run), btc price increases also, but not with the same speed.

when the price of bitcoin starts to decline, maybe a panic sell will occur, it will make the price of bitcoin continue to decline. this will be very bad for those who hold bitcoin, and will be a good opportunity for those who intend to invest. however, this will not happen.

killat

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Quote from: Questat on March 18, 2019, 11:37:43 PM

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?

Usually when Bitcoin dominance increases this means that altcoins are very cheap and this corresponds mostly with bearish trends.

When btc dominance lowers, altcoins become more expensive (bull run), btc price increases also, but not with the same speed.

vit05

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I do not believe shitcoins have any real influence on this change in dominance. And by shitcoins, I mean those tokens or forks that are traded only on not very reliable exchanges.

It is very difficult to create metrics and statistics about a market so confusing and with so much fake volume. But Bitcoin's dominance has always been a clear indication of how projects that are in the top 50 are behaving. And nowadays, after a long period of great falls, we are seeing a movement far superior to Bitcoin himself.

I think a sign of a Bull Market might be this dominance. Below 50% or reaching 60% would indicate a speculative high of altcoins or Bitcoin itself.

Topic: If BTC Dominance will drop to 40%, what will happen? - page 2. (Read 17449 times)