Increasing dominance of Bitcoin - page 4.

Pablobiz

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Quote from: tsaroz on July 03, 2018, 07:59:34 PM

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

It cannot be denied that Bitcoin holds the greatest volume of the total circulation of Crypto-currencies, and as a result Bitcoin is Ruling the Cryptocurrency world. If you notice, I said RULING and not Dominating. There is a shear dominance in the Crypto-world now with some major Altcoins like Ethereum, Ripple, Tron, Litecoin etc.

Victorheywhy

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Bitcoin still remains the greatest of all coins and I believe it still has the tendency to become the greatest of all even in years to come. They have a strong team of experts, which make them very special. Of course, there are other great altcoins, but there are lots of bitcoin investors, which will make it very great in future.

Wicked Sick

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No altcoins are not failing. Bitcoin is the single biggest point of entry into the altcoin market and if you have to buy any altcoin than you have to purchase Bitcoin first, that is obviously going to have an effect on the Bitcoins dominance. Also Bitcoins dominance is going to reduce once more exchanges start adding fiat trading pairs for altcoins.

alejandrosn1998

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Bitcoin dominance doesn't really mean anything... There can be thousands and thousands more and more alt coins added that will make Bitcoins dominance reduce. Yet Bitcoin is bitcoin and will forever be bitcoin, when you think of crypto the first thing that usually pops up in your head right after is either blockchain or bitcoin. Therefore Bitcoin is here to stay, nothing will overtake bitcoin

aces777

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The fact remains that bitcoin was the first coin, it has a high amount of the investors in crypto who have stakes in the coin. No matter how many coins they push into the market, it will not reduce the dominance of bitcoin over the other coins. That being said, most of the coins that are coming out now are scam coins from people who are just trying to make some quick bucks.

Ini35

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Since the advent of cryptocurrency, bitcoin has been taking the lead. The rate of adoption of bitcoin has increased tremendously, to the point that it seems no other coin can overtake it.
In my country, within my locality, i also noticed that people demand more for bitcoin than other coins. If you want to sell out bitcoin, it will sell fast, while others might linger much before you get prospective buyers.

coin-investor

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Quote from: tsaroz on July 03, 2018, 07:59:34 PM

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

Yes some of it are falling, some altcoins are not as strong just like before, and people are rallying behind Bitcoin now, so many questions about Bitcoin being overtaken by a new coin, but its not going to happen as long as Bitcoin has this kind of volume.

SvonioneFromMangoCoinz

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The only reason is that Bitcoin is the longest exist coin in the crypto market. And secondly, the market trend has made Bitcoin a coin to dominate the altcoin

Megababa

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The Dominance of bitcoin neccessarily doesn't mean altcoins are failing. Remember bitcoin paved the way for the slight adoption of blockchain technology we have today and altcoins. So it might take more than a decade before bitcoin is relegated. So far so good it is still the most popular of cryptocurrencies.for now btc is king.

jhon_21

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Bitcoin can dominate others and as it is the first crypto currency it can dominate the altcoins.

VitKoyn

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Quote from: tsaroz on July 03, 2018, 07:59:34 PM

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

There are few reason why Bitcoin dominance increases while there are lots of cryptocurrencies that is being released almost every single day. First, Bitcoin has the most trading volume in the market and also has the highest value which makes it the coin that has the biggest share in the market. Next, as we already know that Bitcoin is also used by exchanges as main currency to pair with altcoins and that makes alts dependent to Bitcoin price, so whenever Bitcoin price goes down there is an effect to most of the altcoins and then start to drop, that means their share in the market will also drop, so the tendency is Bitcoin dominance will increase but not always. But this doesn't mean that altcoins are failing, it is just that those dominance and shares in the market is useless.

chikucrypto

newbie

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Bit coin is the king of coins and it dominates from the beginning. IT had a large volume and people are faith in bitcoin so much. I think in the future i will remain dominate.
any coin will not take the place of bitcoin near future.

cryptotezi

newbie

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Very nice observation and sharing.
I think bitcoin hold the dominance power from the very beginning of its popularity. It is taking the first moving advantage. And I think the popularity of altcoins are not decreasing, rather the popularity of bitcoin is increasing day by day. Though the scenario may be changed anytime.

zxrcoin

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Bitcoin is still on the demand and it will be always in the demand also. Bitcoin is the first crypto currency in the market of crypto currency. It is the base of this market. People know this market by the name of the bitcoin. It is the most reliable and profitable coin in this market.

RoyalWood01

newbie

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Bitcoin has been the oldest coin in the market of crypto currency, it is the very first. Other alt coin has entered the market and is still entering yet the market share of bitcoin is still huge. This might be because of the age of bitcoin or due to the fact that new investors are still not trusting alts coins.

tsaroz

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With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

Topic: Increasing dominance of Bitcoin - page 4. (Read 436 times)