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Topic: If bull runs happens, how much BTC dominance will be at peak? - page 2. (Read 340 times)

hero member
Activity: 1666
Merit: 753
Is there really a clear and defined correlation between bitcoin dominance and bitcoin's bullish or bearishness?

The only reason why bitcoin dominance diminished last year during its bull run was because of the overheated ICO and alt markets, which is something that is extremely irrational. I think that there is every possibility that as people realise half of the new projects out there are completely useless, they'll shift towards investing in bitcoin instead of any of the ICOs, leading to a bigger BTC dominance.

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.
legendary
Activity: 1232
Merit: 1091
If bitcoin ETF will approve this coming August then bull run will start that I think BTC price could pick more than 100% to 300% based on other trader's analysis, around $20k to $50k is the possible peak price of bitcoin after the bull runs.

It's not as bright as it looks. Even with an approval we won't be seeing any trading of it this year, which means that people will be handling things differently from last year's future market speculation. I think that next year will be a much better time for a bull run to start gaining traction. Right now we still have potential tax sales ahead of us, where on top of that, January has always been a month where the price has gone down. I'm not saying that the price won't go up significantly, it's just not likely. Another aspect is that the market does the opposite of what people believe in, and if they believe in a bull run, they won't be getting one....
legendary
Activity: 3290
Merit: 3011
BTC price road to $80k
If bitcoin ETF will approve this coming August then bull run will start that I think BTC price could pick more than 100% to 300% based on other trader's analysis, around $20k to $50k is the possible peak price of bitcoin after the bull runs.

However, if bitcoin ETF result still denied, then there is a big bear market crash around 10% to 15% just like what happened in past few days when the bitcoin ETF was rejected by SEC.

So, the movement market these days are in 50/50.
legendary
Activity: 1386
Merit: 1058
As we are seeing some bullish movements with ETFs and things, Bitcoin dominance is also rising to its 2018 high to 46.70% with alts are bleeding badly with reference from coinmarketcap.  How much do you think BTC dominance at a peak in this bull run before alts starts their own bull run.
We are about at the peak right now, since bitcoin is going up the altcoins value against bitcoin is dropping but their value in dollar is not dropping much and some even increase. So from here on if the bitcoin goes up altcoins will stay about the same on bitcoin price but increase in dollar value. However if bitcoin stays the same for a while around here people will invest back into altcoins which will make bitcoin dominance lower because altcoins bitcoin value will increase as well as their dollar value.

bitcoin percentage of total market cap will continue to go down as new shitcoins and new tokens are being created every day with millions or billions of coins in their respective supplies
This must be an inevitable truth. One day or other bitcoin dominance in crypto markets will go as low as 1% or even lower than that also when this truth persists. Bitcoin is the king of crypto world as per this community and no other statistics never needed to prove again to this community.
 
legendary
Activity: 2170
Merit: 1427
what do you mean by "bitcoin dominance" here? is 90% just a made-up number? in theory, bitcoin's market share can rise in spite of altcoins, if demand is strong enough.

I think he's referring to Bitcoin's dominance versus coins that share the same characteristics.

If we look at the tokens specifically, and then more so the big ones such as Ethereum, people are not willing to spend them outside their own ecosystem. Why is that? Because of all the games and garbage they can buy themselves into with Ether. These people don't care about anything other than making a quick buck. If governments crack down on all the nonsense that happens within Ethereum's ecosystem, and there is a lot going on there, people will ditch it.

The most popular Dapp on Ethereum is a ponzi scheme called PoWH 3D which should say enough.
newbie
Activity: 33
Merit: 0
I think positive news are driving the cryptocurrency market,  the market has done a turnaround allowing the bulls to re-enter. Bitcoin moves away from the back of the top ten coins, which are often followed by influential coins. Last week, Ethereum, Rioole, Bitcoin Cash and EOS faced a few pix and valley, Bitcoin continued to grow.
newbie
Activity: 54
Merit: 0
Still now bitcoin dominate the market. If bull runs are happen then bitcoin will become more profitable. That’s why investors are waiting for this bull run.
legendary
Activity: 3738
Merit: 1708
CoinPoker.com
I don't think it will ever reach 90%. Maybe at its peak it will be 75% but never 90%.

The market cap is not a correct way to determine the real value of a currency so a coin with a high circulation and small value can still be worth a few millions, and there are hundreds of coins like this and this is what is keeping the BTC dominance low.

Look at all those bitcoin fork coins which showed up and immediately showed up on the top 50 on coinmarketcap even though it doesn't have much trading volume.
legendary
Activity: 2954
Merit: 2145
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. 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. If we imagine that Bitcoin will keep rising and alts keep failing to rise with it, this might trigger bear market for alts and make them drop in their USD price as Bitcoin keep growing. The end result can be 70-80% dominance for Bitcoin.
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
I partially agree with you, i think bitcoin dominance will continue to increase and in september it can reach over 60% of the market, i hope that volume will also grow nicely till then so that price will reach previous highs too.
All time high or price from the past will be reached if the dominance is continuous.

This was caused by most of the altcoin holders are turning their ways and goes to bitcoin but if most of these conversions were done through fiat, I guess we'll see those heights again in no time.

Everything is possible to bitcoin, dominance goes high by September, goes all time high at unexpected time.
legendary
Activity: 2520
Merit: 2853
Top Crypto Casino
Bitcoin will ramain the most dominant coin what ever happens. During all the past crysis and even during the last year when bitcoin price were about 20k, bitcoin remained the most dominant coin.
legendary
Activity: 2506
Merit: 3645
Buy/Sell crypto at BestChange

In the past, one of the reasons for buying Bitcoin was to convert it to altcoins as most trading platforms supported Bitcoin only. "first reason for dominion."

 - The dependability of all cryptocurrencies on the price of Bitcoin makes it similar to the dollar in the local currency market.
 - The free money from Forks was one of the most important reasons for the dominance of the Bitcoin in 2017." second reason for dominion."
 - The increase in shitcoins will reduce the percentage of Bitcoin in the market and other factors that reduce the control of it.

despite what I said, I ruled out to lose its first place.
legendary
Activity: 1652
Merit: 1483
it's impossible to predict. there's too many variables---it's entirely dependent on how many shitcoins are launched and what their circulating supplies are. BTC dominance isn't useful outside of reading for extremely general trends (are altcoins more profitable or less profitable than BTC right now?)

bitcoin dominance will remain as before which has always been above 90%

bitcoin percentage of total market cap will continue to go down as new shitcoins and new tokens are being created every day

what do you mean by "bitcoin dominance" here? is 90% just a made-up number? in theory, bitcoin's market share can rise in spite of altcoins, if demand is strong enough.
member
Activity: 1022
Merit: 20
RiveMont
I partially agree with you, i think bitcoin dominance will continue to increase and in september it can reach over 60% of the market, i hope that volume will also grow nicely till then so that price will reach previous highs too.
hero member
Activity: 980
Merit: 500
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.
sr. member
Activity: 616
Merit: 250
It is a very good news to all of us when the bitcoin bull runs again. I guess the bitcoin dominance will reach again the last december's value and the alt coins will be follow the bull for sure. Double of last december value will not be surprising because in bitcoin expect the unexpected Smiley
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
They always say that the next ALL TIME HIGH will always be higher than the previous one. If you check the charts, all the Rally's have gone higher than their previous ones and they always go down around 80% to create the long bear market. I think now we are slowly getting our heads out of this bearish market, WE HOPE!, and if we do exceed our previous expectations, many analysts say that we will reach anything between 50k USD to 65k USD per Bitcoin. So we would need a marketcap of over two trillion dollars in the COINMARKETCAP Index to reach those kinds of numbers. Many say Bitcoin will 10 x from here in the Bull run.
newbie
Activity: 308
Merit: 0
I am experienced that Bitcoin's stances always fluctuates and almost always grows. And I hope bitcoin will be rise more after a long time . It will be dominant the crypto world.
full member
Activity: 476
Merit: 100
You may be right but this is a speculative market and the 55% you are thinking Bitcoin will average may be not correct and the value may be up to 70% before the altcoins will start their own rally but whatever happens I am thinking that bitcoin may not be able to hit 2017 high by the fall of 2018.
newbie
Activity: 224
Merit: 0
If Bull Run happens which I certainly believe it will do, the dominance peaking can go further than 55% as none can say certainly about BTC market cap. All crypto-currencies are linked with BTC in one way or another, so BTC Bull run extremely affects their place in the market and price as well. This is very volatile to assume.
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