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

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: chainedblocks on August 16, 2018, 03:26:05 AM

Quote from: Jamie Oliver on August 13, 2018, 11:27:11 PM

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

legendary

Activity: 2170

Merit: 1427

Quote from: Jamie Oliver on August 13, 2018, 11:27:11 PM

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

newbie

Activity: 83

Merit: 0

Quote from: Jamie Oliver on August 13, 2018, 11:27:11 PM

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

member

Activity: 125

Merit: 10

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

legendary

Activity: 1652

Merit: 1483

Quote from: gentlemand on August 13, 2018, 11:29:10 AM

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, 11:29:10 AM

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

legendary

Activity: 3808

Merit: 1723

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

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: BitHodler on August 13, 2018, 04:34:56 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

legendary

Activity: 1526

Merit: 1179

Quote from: fabiorem on August 13, 2018, 10:19:39 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

legendary

Activity: 2240

Merit: 1993

A Bitcoiner chooses. A slave obeys.

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

hero member

Activity: 1526

Merit: 596

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

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

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

sr. member

Activity: 1400

Merit: 347

Probably 90%, specially if bcash lol dies.

Eros1on

member

Activity: 258

Merit: 10

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

hero member

Activity: 700

Merit: 500

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

newbie

Activity: 116

Merit: 0

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

newbie

Activity: 168

Merit: 0

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

newbie

Activity: 95

Merit: 0

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

sr. member

Activity: 644

Merit: 261

Quote from: magneto on July 30, 2018, 04:03:41 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

newbie

Activity: 49

Merit: 0

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

legendary

Activity: 1652

Merit: 1483

Quote from: hatshepsut93 on July 29, 2018, 04:56:17 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, 04:56:17 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.......

magneto

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.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: BitMaxz on July 30, 2018, 11:27:02 AM

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....

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

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.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: cryptoasis on July 24, 2018, 02:36:33 AM

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.

Quote from: pooya87 on July 27, 2018, 10:08:55 PM

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.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: figmentofmyass on July 29, 2018, 01:41:46 PM

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.

Hourpre

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.

SheldonLang

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.

adaseb

legendary

Activity: 3808

Merit: 1723

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.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

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.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: qazgroup on July 29, 2018, 01:38:46 PM

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.

khaled0111

legendary

Activity: 2702

Merit: 3045

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.

hugeblack

legendary

Activity: 2702

Merit: 4002

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.

figmentofmyass

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?)

Quote from: pooya87 on July 27, 2018, 10:08:55 PM

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.

qazgroup

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.

teilwalL05

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.

danim1130

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

qiwoman2

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.

hermanjones18

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.

rudox

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.

samiraetn

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.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

in case you missed it, whenever bitcoin price has a big rise or enters a bull run mode altcoins get dumped hard. and when for example an altcoin with 100 million coins gets dumped the total market cap goes down a lot which means the percentage of bitcoin grows even more. it is the exact opposite of when the altcoins with 100 million coin gets pumped and bitcoin percentage goes down.
and it is all meaningless.

hardtime

sr. member

Activity: 490

Merit: 251

Make winning bets on sports with Sportsbet.io!

Yet again, people think that us in the crypto community are going to be able to call out stats without any sort of error at all. But, back to the subject at hand. I do think that during a bull run -- to be clear, this is a bitcoin bull run -- that we're going to see an uptick in Bitcoin dominance. I'm not saying that it's going to be substantial, but it will be something that causes the crypto community to shed some shitty altcoins which have no use anyway. So I do think it will go up, but that's all I'd be able to predict.

pooya87

legendary

Activity: 3472

Merit: 10611

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

bitcoin market cap will continue increasing as there are more coins being mined every day and as its price continues to rise.

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 and bloat the market cap some more and as the coins with large supply like XRP get pumped or release another billion coins in circulation to bloat the market cap some more.

cryptoasis

newbie

Activity: 161

Merit: 0

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. As we have witnessed BTC dominance slid to 64.79% in Dec 2017 bull run from early 2017 where it was as high as 87%. If we take these two peak points into consideration, in my opinion, this time BTC dominance will be around 53% (55% max) in peak before alts takes momentum. What are your thoughts guys?

Topic: If bull runs happens, how much BTC dominance will be at peak? (Read 351 times)