If bull runs happens, how much BTC dominance will be at peak?

gabmen

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Quote from: chainedblocks on August 16, 2018, 04:26:05 AM

Quote from: Jamie Oliver on August 14, 2018, 12:27:11 AM

Could go as high as 80 percent, and if the bitcoin dominance really does reach 80 percent, then the price of altcoin could rise many times if many bull markets come to pass.

Bitcoin will remain dominant and will never see it behind due to its up going graph or improvement it will not come to second or third position and if you look at other crypto coins those have not enough potential and strength to compete with Bitcoin. Furthermore crypto coins other than Bitcoin will take a several years to reach at even the lowest value of Bitcoin.

That will happen if the bitcoin bull run would be of the same magnitude as that of december 2018. As it stands, alts will also recover and would likely bring back old hands to it. The market movement recently proved to be a little more costly for alts than btc

1Referee

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Quote from: Jamie Oliver on August 14, 2018, 12:27:11 AM

Could go as high as 80 percent, and if the bitcoin dominance really does reach 80 percent, then the price of altcoin could rise many times if many bull markets come to pass.

It could ONLY go to 80% if Bitcoin continues to tank deep which makes altcoins tank even deeper. Bitcoin going up means altcoins will eat up Bitcoin's market cap dominance and we'll be back hovering within the 40-45% range.

People just need to accept that Bitcoin being even close to 50% is a fantastic achievement with so many altcoins and tokens artificially inflating the total market cap. It's one coin (BTC) versus thousands of other coins. It's an unfair comparison in every shape or form. Bitcoin technically has only a few competitors, while Ethereum has hundreds of competitors trying to take its spot.

Bitcoin gained dominance verus all other coins. Ethereum lost dominance verus all other coins. If there is one coin 'losing' the battle, then it's Ethereum.

chainedblocks

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Quote from: Jamie Oliver on August 14, 2018, 12:27:11 AM

Could go as high as 80 percent, and if the bitcoin dominance really does reach 80 percent, then the price of altcoin could rise many times if many bull markets come to pass.

Bitcoin will remain dominant and will never see it behind due to its up going graph or improvement it will not come to second or third position and if you look at other crypto coins those have not enough potential and strength to compete with Bitcoin. Furthermore crypto coins other than Bitcoin will take a several years to reach at even the lowest value of Bitcoin.

Jamie Oliver

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Could go as high as 80 percent, and if the bitcoin dominance really does reach 80 percent, then the price of altcoin could rise many times if many bull markets come to pass.

figmentofmyass

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Quote from: gentlemand on August 13, 2018, 12:29:10 PM

Any Bitcoin bull run will relatively shortly be followed by an alt bull run so the peak dominance will probably come at the point of maximum gloom for BTC and alts.

yeah, or vice versa. alts had their run before BTC in 2017.

these things work in cycles (the money flow between alts and BTC). it happens time and time again. one stays stagnant, the other skyrockets, then profits starts flowing into the laggard.

Quote from: gentlemand on August 13, 2018, 12:29:10 PM

There's sooooooo much shit out there that needs purging predicting the percentage is going to be really hard but I don't think the 80% plus predictions are very realistic. My pure guess is 65-70% and then it'll works its way back down.

i think it's just impossible to tell right now. maybe when a bull run starts and we see what the market looks like.

the whole idea of market caps in crypto and BTC dominance, especially considering the proliferation of altcoins and tokens---it's all really fuzzy and arbitrary.

adaseb

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What is going on now is different than what happened last October 2017.

Basically back then the market domiannce was increasing but so was the bitcoin price.

Right now its the opposite, the dominance it going up but the bitcoin price is going down (or at least flat-lined).

So this isn't an indicator that in 1 month BTC will end up going from $6K all the way to $20K like what happened last November 2017.

gentlemand

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Quote from: BitHodler on August 13, 2018, 05:34:56 PM

It won't. Bcash is more than just a fork competing with Bitcoin. It's meant to grant older mining hardware a second life now there is another large SHA256 coin with a reasonable amount of liquidity, and it's backed by Bitmain.

I initially was one of the many thinking that Bcash would die and lose all its value, but you'll quickly change your mind and view on what Bcash really is once you really dig into it.

Bcash should be able to outcompete Litecoin for ever and they seem to focus on ICOs now as well, so their next target is to rival EOS and Ethereum. I however don't think they stand a chance against Ethereum.

Dunno. Compared to Litecoin it's ridiculously fractious, poorly developed and this Bitmain IPO thing has revealed they have absolutely monstrous Bcash bags and they've been burning huge amounts of their own money to support it.

It looks very shaky from every angle right now compared to other projects.

No doubt it's going to live on, it's too tempting not to try the occasional pump, but I don't see how it can stay up there.

BitHodler

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Quote from: fabiorem on August 13, 2018, 11:19:39 AM

Probably 90%, specially if bcash lol dies.

It won't. Bcash is more than just a fork competing with Bitcoin. It's meant to grant older mining hardware a second life now there is another large SHA256 coin with a reasonable amount of liquidity, and it's backed by Bitmain.

I initially was one of the many thinking that Bcash would die and lose all its value, but you'll quickly change your mind and view on what Bcash really is once you really dig into it.

Bcash should be able to outcompete Litecoin for ever and they seem to focus on ICOs now as well, so their next target is to rival EOS and Ethereum. I however don't think they stand a chance against Ethereum.

goldkingcoiner

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If ETF is approved we go to 9k and to 20k by the end of december. No doubt. We will see a huge influx of bitcoin purchases and at least 80% dominance.

timerland

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I doubt that it would rise if the markets continue to see alts and ICOs as a more volatile, faster way to make gains on investments.

When there is a bull market, usually investors tend to favor alts. Bitcoin obviously still rises, but the altcoin rush that happens within bull markets will pretty much outpace the growth of bitcoin, leading to an overall decline of bitcoin's market cap in relation to the rest of the cryptos.

I do think that bitcoin is going to be the best investment in terms of crypto in the long run, and in the long run, we'll see a gradual increase of BTC dominance back to the 70-80% region at least. However, this will only happen after the hype surrounding other cryptos dies down, and people realize that most of these are completely useless.

gentlemand

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Any Bitcoin bull run will relatively shortly be followed by an alt bull run so the peak dominance will probably come at the point of maximum gloom for BTC and alts.

There's sooooooo much shit out there that needs purging predicting the percentage is going to be really hard but I don't think the 80% plus predictions are very realistic. My pure guess is 65-70% and then it'll works its way back down.

fabiorem

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Probably 90%, specially if bcash lol dies.

Eros1on

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If BTC dominates at 80%, then my asset may fall 85%, I do not want this to happen, the real bull market should be BTC after the price rises. Altcoin's price will follow.

thresher

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Quote from: teilwalL05 on July 29, 2018, 02:01:12 PM

The last All time high we reach is at $18,000 USD if we can have a bull run and we reach that certain peak again and let's say it will be on November or middle of November, If the price continue to increase We might see a $20,000, $25,000 USD I can not go beyond any further than that because there might be a different issue base on the 3 more months Until a speculated bull run we can have, Because we might have a different movement on that 3 months until November a bull run might occur.

Yes that is very good news, I also expect and hope that bitcoin price will surely go back to its previous highest price.

MatthewNaccarato

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Agreeing with you. Bitcoin’s dominance at this rate could be max 55%. But if there is a bull run like Dec 2017, it could go well above 70% as alts get dumped while bitcoin rises. Experts around the world are already expecting BTC to rise up to 60,000$ this year, though these are just opinions but following the current market closely it can be predicted that the bull run is imminent.

TravisField

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Bitcoin has been showing an upward moving graph for past couple of weeks, if it continue to grow like this then there is a huge chance of it surpassing its last record. Recent events of regulating BTC and legalizing in some countries has made an impact according to my opinion.

JohnHendry

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This is still hard to say because even now, the market has not hit a complete a complete bull run. it is still on the verge of it and we are just speculating things. But rest assured, the numbers will be satisfactory.

entrepmind23

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Quote from: magneto on July 30, 2018, 05:03:41 PM

So unless we know the exact sentiments of the market at the time of the bull market, it's impossible to predict. I certainly don't see it going under 35% any time soon, even in a bull market with overheated alts, but there is tons of possibility that dominance could go up further in the near future to potentially 50-60% in a bull market.

At the moment, bitcoin dominance is around 48% and bitcoin is consolidating which means the altcoins' time to shine. If ever bitcoin's price continue to go up then it would be able to increase its dominance/market share. I would assume that it would still have half of the market share even though altcoins are getting higher percentage increase than bitcoin and ICOs are launching every day because those who are in the market for sometime would realized that some of those new projects would fail so they would just shift their attention to the coins that have been existing for sometime or already proven their worth.

DavidMoore

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I think this bull trend will not face any momentum. After the long bear trend, the market is slowly recovering. Bitcoin is regaining back its previous position. I don't think its price will face any momentum in future.

figmentofmyass

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Quote from: hatshepsut93 on July 29, 2018, 05:56:17 PM

Since Bitcoin went from $6,000 to $8,000 a few weeks ago, altcoins have failed to grow, and to me this is a bearish sign for alts.

often times, though, altcoins lag the BTC trend: BTCUSD will pump, altcoins will dump at first. but sometimes after the BTCUSD uptrend gets established, alt/BTC charts follow in toe.

i certainly wouldn't long alts right now. it's possible we're near a major low (ETHBTC is in an especially interesting spot, hovering above the long term trend). but it could get ugly if the bottom falls out here.

Quote from: hatshepsut93 on July 29, 2018, 05:56:17 PM

Cryptocurrency market as a whole is not bullish like it was in the previous two year because alts have failed to suck from Bitcoin's gains.

i'd say the next few weeks are crucial to establish whether we are in a range market, or a bear market. a continued bear market for BTC is very bad news for alts.......

Topic: If bull runs happens, how much BTC dominance will be at peak? (Read 340 times)