Topic: I'm wondering. What is the perfect BTC Dominance in your opinion? (Read 146 times)

if you change the meaning of the word "dominance", then you can assign any arbitrary number to it.
so yeah, right now "dominance" in your mind means which coin has the biggest market capitalization which is a completely meaningless unit of measurement. in which case bitcoin should not have more than 10% of the share of the total market capitalization thanks to all these new shitcoins and shittokens and also thanks to all the top 10 shitcoins with huge premine/locked_away supplies which is bloating up their M.C.!

But the total share of money invested in crypto is now moving towards other coins. Earlier it was completely dominated by bitcoins. Al though, it is not the right parameter to judge bitcoins in comparison to other coins. It might be possible that a lot of people might be investing in these new coins because of false marketing and ignorance. Regarding those stats for how much total money invested in crypto belongs to which coin, I read that on Quora and another blog related to bitcoins. They mentioned that it has reduced from 90% to 45% .

I like bitcoin because bitcoin has many advantages than weakness, but sometimes people are disappointed when bitcoin drops, they think bitcoin will end and die.

but if we compare with the excess bitcoin, then bitcoin has more advantages and also more to give us an advantage than disappointment.

bitcoin is also anonymous, has no identity, and bitcoin can only be felt with a heart that believes in bitcoin.

and this reason makes me see the perfect bitcoin.

probably bitcoin and ethereum

the price of thosee two coins are already high, so it will.be more stable in the future.

I get that there are many shitcoins out there, but there are also winner alts.

BTC isn't really a "one true winner," as its technology always lags behind. Only now did BTC become viable for daily transactions again due to the LN. Before, or rather, just last December, BTC transaction fees were as high as $30, and they took almost a day to finish confirming.

During that time, many alts, like Litecoin, had way lower fees and confirmed in minutes.

I'm not trying to put BTC down, but saying BTC is a clear winner is also a mistake.

It's a fact, only noobs care about something so wasteful as a metric called market cap dominance. I personally prefer to focus on how active the networks are, and how large the ecosystem of a certain coin actually is in all aspects.

Bitcoin can't be topped in this case, and never will. People often refer to Bitcoin's network congestion being a huge problem, but I rather look at it as a form of strong demand that eats through the available block space effortlessly.

Full Bitcoin blocks = usage = demand. Empty altcoin blocks = no usage = no demand. Very simple and yet effective way of looking at the main differences between Bitcoin and altcoins.

Bitcoin is the first cryptocurrency, and most cryptocurrencies are based on it, which lays the status of Bitcoin. People do not know the blockchain, but they all know Bitcoin. This is Bitcoin. Many other cryptocurrencies will not survive for long. This can be known from their technologies and teams.

The father of all cyrpto currencies, in my opinion even it plunges to the depths of low priced digital currency it will always remain in the hearts of the people who believed in it. It's just like the tale of a hero who saves a world from a demon lord.
Some altcoins are now making step in to the stage and making a name for themselves leaving bitcoin's investors taking a break from it. I guess this is the time bitcoin's dev make a move and bring back their interest in the technology again.

As noted to a degree above why does there need to be a defined 'good', 'right' point of market dominance for Bitcoin. That is something for the market to determine and plays both off what other coins have to offer and what bitcoin has to offer. Bitcoin is still has the biggest share as it is the household name, with a strong support, following and direction, but that doesnt mean it needs to hold 50% of the market. It can do its thing at any % (though I guess it may lose some of its shiny appeal if it is 2nd on CMC).

Think about where Ethereum was in January last year. I'm sure most people didn't see the huge potential and the massive crypto explosion (token-wise) that would be caused as a result of the eth network. So at the start of last year there was a bigger market dominance by bitcoin because the other players in the game were weaker, but that dint stop eth from executing its plan and becoming a star player that has earned its slice of the market.

When I got into Bitcoin it was the easiest thing to buy with $$ and therefore was required in order to purchase eth or other coins, some of which may or may not be shit (im sure future me will give me a lecture in time). This added to its utility and thus gave it a bump in market dominance. If you go on any major exchange you can now pick up around 5-10 crypto assets which has eroded the 'gateway' effect that bitcoin had.

I don't think there is a perfect, right or good market slice for bitcoin to hold on to (nor do I see a need for there to be one), but I see it being the big boy on the block for some time.

Biccoin always used to be a king in the currency cryptocurrency, and this will continue forever, and with 10% it can make nice bitcoin.

I feel good when Bitcoin dominance is around 50% but that is completely arbitrary and the market will dictate what is necessary. In the future I could see a market where Bitcoin gets back to 80% dominance but I could also envision one that leave Bitcoin at 15-20% dominance. The adoption of alts and the way they are used will have a vast impact on how Bitcoin does, but one thing is certain Bitcoin will be around in the future make no mistake about it.

Yep, most of the coins that are under Bitcoin have NO USAGE AT ALL, they're just hyped by people that own large amounts of them. While I do think there is a place for new coins in the crypto space, I do think that the only coins that really work is going to be useful is ETH IMO. The other coins are shitcoins which have no real life usage. They're just there for some people to make money.

Hehe, god I love this reply man!

The last half year was especially good for the cryptocurrency market and not necessarily just for Bitcoin.
There are plenty of shitcoins but only after plenty of shitcoins come some true legend coins.
There are so many technologies and coins that offer so much that I admire and I think will keep the road along with Bitcoin for more than ten years easily and so on. You can't ignore Ethereum, IOTA, TRX, Ark, Cardano and many more with so many big partners.

Doesn't matter. 90% of the shitcoins that exist right now will be dead in a few years. They have big ideas or in some cases half baked ideas and most of th will never even come to fruition. It's naive to think that they will.

Bitcoin is the first, has the most devs working on it and is still by far doing the best out of anything else. Saying the "dominance" should be "less than 10%” is like throwing a dart with your eyes closed and pretending that you meant for it to land wherever it lands.

What shitcoin are you shilling here? Or should we buy gold? Silver? It's hard to see why you're blindly pulling things out of your ass until we see your true motives.

Edit: Jetcoin. See? Now why didn't you just go and shill your shitcoin? It's just that easy. No need to sling shit at the one true winner.

I believe that BTC Dominance shouldn't be higher than 10% but very close to this.
Eventually, BTC should be the king and not under any other coin because it's like the grandfather; doesn't need to be the strongest but obviously has the most fame and respect. I don't disparage BTC's technology and it's not about technology because eventually even the crypto market should be decentralized. Too many percents can't show some instability I guess. So 10% is no high and no low.

What is your opinion fellas?