Topic: Increasing dominance of Bitcoin (Read 427 times)
Bitcoin is the biggest and largest coin in the cryptocurrency world and it keeps dominating it is widely recognised and it's value are the best I don't see any other rivaling it because it is still expanding I think bitcoin is just amazing
new tokens cannot compete with bitcoin, bitcoin has a lot of volume, and tokens are usually sold immediately. units of tokens can somehow secure their positions in the market.
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?
I think that last month, bitcoin has been consolidated with the help of investors who have gone from Ethereum, because there is an opinion that soon the BTC will start to grow fast. But I'm sure that the market will stabilize after that. 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?
altcoin does not fail. It takes time to attract interest from investors. bitcoin first might like that too. but because it has become the longest and most experience increased even then the most a lot of attention and enthusiasts. but basically all it takes time to process and can be great.
The bitcoin dominance keep increasing because the money is flowing out of crypto from alts, people sell alts to bitcoin and cash it out so of course it's been increasing these days. It's shows that this market is full of alts with weak fundamental as the price crash a lot and a lot of project panic sell their eth so they won't lose the development fund.
I can see on the trends of current cryptomarket that btc is not on the first position now thanks to its pause and lower price, so I consider that this dominance will decrease.
Btc's dominance is not increasing now and I am sure that it will be decreasing as well because btc's position is far not so convincing on the market now.
This dominance plays the negative role in the cryptomarket;s development, I am sure in this totally. From the other side I think that it will be changed soon.
I hope that thanks to Btc's trouble on tje current situatioin on the cryptomarket its dominance will decrease and we will solve this problem once for all time.
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?
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?
Most people see that Bitcoin is growing and try to move more quickly to Bitcoin from altcoins. I think that this is a signal that the market has begun to recover and the bottom we will not see. I'm afraid we'll just go again to $ 9000-10000 and start to fall even deeper, so you need to be careful when we get to those levels.
I believe that during the correction and instability in the market, many people prefer bitcoin and this is normal. As soon as the situation stabilizes we will see the growth of altcoins.
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
Because the Bitcoin has been the most in demand coin in the crypto world as of now, it is the very first coin that is still alive and developing and i think it will lead to success in the near future. There are other alt coin that has been entered in the crypto and yet the price of bitcoin is still huge compared to that altcoin. This might be because of the age of bitcoin or due to the fact that new investors are still rely on the capabilities of bitcoin and does not trust other altcoins.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?
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?
The dominance of Bitcoin is not as strong as it used to be, now there are thousands and even many alt coins circulating in the market and start making Bitcoin dominance less. But Bitcoin is a bitcoin, will forever be a bitcoin, when you think of crypto the first thing that usually appears in your head right after it is blockchain or bitcoin. Therefore Bitcoin here will remain its true identity, no one will be able to completely remove bitcoin.
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?
Many of the altcoins are depreciating and disappearing, many simply fell heavily in value. The fact that Bitcoin's dominance is growing in the market is a sign of an early bull run I think. If you look at the history of the market, then great growth began with this. I think this is a good signal for bulls. 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?
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?
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?
Everything in the crypto market is currently trading by following the bitcoin market price, that's the reason for its dominance. And in fact, that he has a huge first mover advantage. When the bitcoin market price rises then another altcoin price will follow, so when the bitcoin price falls, it will all look chaotic.
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?
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?
The only reason is that Bitcoin is the longest coin in the crypto market. Secondly, the market trend that has made Bitcoin the strongest coin to this day, we know that people only know the name of bitcoin in the virtual world, they will be confused when hearing altcoin, ethereum etc. It is about the pioneer and the first to be a role model in the business world.
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?
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?
I do not see any coins capable of surpassing the value of Bitcoin in the future, but altcoin remains to be taken into account. Altcoins such as Ethereum, Litecoin, Bitcoincash, NEO, are able to behave like dollars, meaning Altcoins shows progress and not fail, even if it seems that Bitcoin is still very strong today. This competition will make all the coins to be constantly innovating.
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?
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?
The strong bitcoin to this day shows bitcoin that has a larger number of followers than any other coin. They do not buy or sell in a hurry but are holding back or just planning it. Bitcon currently has a more mature market and most of the coins held by traders and funds are abundant. This will happen in the next few years.
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?
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?
Simple answer its because all coins before being converted to fiats must use blockchain thats the main reason why bitcoin dominance still growing and increasing
Until time that platforms from other coins has been allowed to be converted directly to cash there might lessen the domination of bitcoin in market cap
That always happens when the price drops, smaller coins drop faster.
Bitcoin defined crypto to begin with, all initial investments were made in btc and with its gaining popularity even subsequent ones. Even after alts entering the market btc held its own unreachable place, and continues to dominate the market as king.
It's because there are few bitcoin in circulation and and as more people buy and hold the bitcoin and more people looking to buy, the demand for it will make the price to be increasing.
Well get used to it. Bitcoin has always been the leading cryptocurrency and will continue to take the lead for a long time to come. Bitcoin has grown so much to the point that some altcoins can only hope to be. There is no way that any coin will be catching up with bitcoin let alone talk about overtaking bitcoin as the lead coin in the market. Altcoins are not failing, bitcoin is just better.
Bitcoin is the foundation of crypto thats why its dominating the world marketcap right now. All alts depends on the price of bitcoin. And bitcoin is the most widely accepted crypto in the world. And bitcoin is the crypto that can easily buy without going to any trading platform.
There are great influencer along the way. We need to contribute more so New investors/ Institutions would know what's good and bad in bitcoin regime
There's alot of speculation in the market but i'll make sure that bitcoin is the best coin to invest.
There's alot of speculation in the market but i'll make sure that bitcoin is the best coin to invest.
This is the main reason why bitcoin has a huge influence over all altcoin in the market. One thing contributing to the dominance of bitcoin was the new comer/investors, they use bitcoin as a gateway to the cruptocurrency world.
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?
Price wise, yes Bitcoin is really up there! And market cap is crazy. But these are just huge figures that we can initially see which gives us the impression (especially the new comers), "Hey, I think it would be pretty nice to invest in that currency!" Craze usually draws in a lot of people. But many of us fail to realize the profitability side of these coins. Bitcoin offers profit but it will take time and patience for that to happen because of its high price. Unlike with alts wherein most prices are flexible and offers a wider range of profit. So for me, alts are pretty much alive.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?
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?
Price wise, yes Bitcoin is really up there! And market cap is crazy. But these are just huge figures that we can initially see which gives us the impression (especially the new comers), "Hey, I think it would be pretty nice to invest in that currency!" Craze usually draws in a lot of people. But many of us fail to realize the profitability side of these coins. Bitcoin offers profit but it will take time and patience for that to happen because of its high price. Unlike with alts wherein most prices are flexible and offers a wider range of profit. So for me, alts are pretty much alive.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?
yeah, the altcoins didn't work. more than 80% of altcoins have lost their prospects and value.
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?
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?
Bitcoin is the King of cryptocurrency. The team behind Bitcoin is hard working and won't stop working amazingly. BTC will continue its dominance until Altcoins succeed in the crypto space
I think many investors is selling their altcoins for Bitcoin now to prepare Bitcoin's ETF to the moon after SEC acceptance. That is why dominance is growing and will continue to grow.
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?
Price wise, yes Bitcoin is really up there! And market cap is crazy. But these are just huge figures that we can initially see which gives us the impression (especially the new comers), "Hey, I think it would be pretty nice to invest in that currency!" Craze usually draws in a lot of people. But many of us fail to realize the profitability side of these coins. Bitcoin offers profit but it will take time and patience for that to happen because of its high price. Unlike with alts wherein most prices are flexible and offers a wider range of profit. So for me, alts are pretty much alive. 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?
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?
Bitcoin is itself considered a dominant digital coun in the whole crypto economy as you might have read that before bitcoin there was nothing to say crypto.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?
People are introduced with bitcoin first, later they are taught about altcoins and therefore it will remain dominant always
Bitcoin dominant status are based on the Volume of investment put in by the investors, high level of confidence, fundamentals, market structures, not to mention being all over the news on social media, print, broadcast media, Bitcoin is globally accepted and very strong on the crypto market. Remain number one among all the ALT coin as posted.
Since the beginning of the course already seen that bitcoin is indeed coins. even the bitcoin is able to defeat all of the existing altcoin. So it's no wonder if the current course bitcoin it feels to be the reference price for the other.
It's not question that the crypto dominance has its always biggest share to bitcoin.
Altcoins are failing in a way due to the ICOs who are the ones that's pulling their market down by having a lot of scams that makes the investors fear of investing.
Once bitcoin adds more percentage to the dominance, it will also be shared to altcoin market.
Altcoins are failing in a way due to the ICOs who are the ones that's pulling their market down by having a lot of scams that makes the investors fear of investing.
Once bitcoin adds more percentage to the dominance, it will also be shared to altcoin market.
Although Bitcoin is the oldest cryptos in the market and has the highest rates in the market, its dominance in the market today is not BTC but rather altcoins. In the future, if there is no improvement in the BTC, it is likely that altcoins will overtake the market cap. Investors' predictions also show that altcoins will overtake BTC for the next 3 years.
actually altcoin and also the bitcoin indeed form a pattern. When the bitcoin increase, then the altcoin will decline. As well as vice versa. However, unfortunately, lately indeed the pattern changed. When the price goes down, thus the bitcoin all coins come into down. I dunno, I also do not understand. But in my opinion this kind of condition if left to continue to be so not good.
Bitcoin will dominate in the future. Whereas Altcoins will in turn increase in price, and then fall.
I believe in bitcoin and EOS
I believe in bitcoin and EOS
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?
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?
Bitcoin had been on the top since thw beginning and it will remain there as long as people get money from it. It is convenient for people to transfer funds using bitcoin. And also, since there have been a lot of new altcoins there will be more to choose from, which will make other altcoins to gain dominance on the market.
Bitcoin is the first digital crypto currency in the world. From the beginning they maintain their performance that’s why it is such popular among the people. In near future it will more popular among the people because many countries are starting to accept bitcoin.
BTC always increases it`s dominance on declining market as investors most trusting the oldest coin.
In May when we had rising market BTC dominance was around 35%
In May when we had rising market BTC dominance was around 35%
The dominance of bitcoin is increasing due to the fact that the cryptocurrency market is falling, so all people want to keep their investments and exchange their altcoins for a more reliable and stable cryptocurrency.
People simply trust Bitcoin more than altcoins, so they invest in Bitcoin. Just keep in mind how many projects that could give us new altcoins have become a fraud.
Each altcoin certainly have its own fangs and it doesn't make all altcoin in the step of failure. but in fact, bitcoin still dominates the market share of cryptocurrency. Its because all new altcoins that appear in the market directly refer to the exchange of bitcoin.
And unintentionally, all altcoin investors convert into bitcoins. and it makes the bitcoin more dominant.
And unintentionally, all altcoin investors convert into bitcoins. and it makes the bitcoin more dominant.
Bitcoin is here to stay no matter what all say about this. BTC dominance is not going anywhere. No other altcoin or token has found similar interest from the buyers/sellers.
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?
In my own understanding this dominance is a figure that has an important role in the whole market 25-30% dominance is a warning or warm up and a way higher is not good for the altcoins because the money goes to the bitcoins. They are selling their altcoins in panic most of the traders. 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?
Yeah there are many conspiracy theories that btc is out dated and dead etc but the stats are telling something else, it is still the number one coin and biggest one with the highest volume, i think if the dominance keep increasing from here that will surely be a sign of a massive new uptrend in btc hopefully.
The Dominance of bitcoin neccessarily doesn't penny-pinching altcoins are danger. Remember bitcoin sealed the manner championing the minor support of blockchain technology we acquire tod and altcoins.
I do not see an increase in the dominance of bitcoin on the crypto-currency market. On the contrary, it is gradually reducing its dominance. If more recently, bitcoin occupied more than 51 percent of the total capitalization of the crypto currency, now its share is only 42 percent. I think that such a tendency to decrease the dominance of bitcoin will continue in the future. On the contrary, I would like to see how all kinds of crypto currency will behave in a price ratio, when bitcoin will finally lose its dominance over the rest of the crypto currency.
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?
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?
Everything in the crypto market is traded in pair with Bitcoin, that's the reason for it's dominance.
Plus, the fact, that it has first mover advantage which is really huge.
My answer is always bitcoin will always beat all. this is due to, “because Bitcoin is king/queen, and the other coins are at best following it.
It is hard to come up with a fundamental algo with which to price coins, so coin prices just follow Bitcoin as a sort of gold standard (“the Bitcoin Standard”).
It is the number one coin, and thus it is the coin that decides the market price in general.
If there is another standard way of changing ALTs to other currencies example to FIAT. it would much less affected to the price of BTC.
It is hard to come up with a fundamental algo with which to price coins, so coin prices just follow Bitcoin as a sort of gold standard (“the Bitcoin Standard”).
It is the number one coin, and thus it is the coin that decides the market price in general.
If there is another standard way of changing ALTs to other currencies example to FIAT. it would much less affected to the price of BTC.
bitcoin is still too high with the technology that exists therein. investors still don't have intentions to invest was altcoin especially new. though indeed claims that its technology is nice but in fact, many new altcoins appear only as a bottom in the market only. may not fail but it's just that there is still nothing that makes investors confident.
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?
As the percentage of Bitcoin increases, it is thought that people are afraid to invest in Altcoin. The percentage of Bitcoin shows that it is the strongest Coin. Altcoin is partly developed by Bitcoin, however if the percentage of Bitcoin decreases, it is a good sign for the market to grow, showing the comfort of investors. 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?
The reason of the dominance of bitcoin is because they have been the main currency to be traaded on every exchange. There is no exchange that bitcoin is never traded. Also the volume in the market of bitcoin is still huge which means the demand of bitcoin is there.
It shows bitcoin have larger amount and number of hodlers than any other coin. They are not buying or selling in a hurry but are planning it.
It has more mature market and most of the coins are hold by mature traders and funds.
It has more mature market and most of the coins are hold by mature traders and funds.
Bitcoin is one of the most demanded and potential coins in the market. It ranks first among all other cryptocurrencies in the market. It has a huge community of supporter and still dominates among all other cryptocurrencies in the market.
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?
Bitcoin is itself considered a dominant digital coun in the whole crypto economy as you might have read that before bitcoin there was nothing to say crypto.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?
People are introduced with bitcoin first, later they are taught about altcoins and therefore it will remain dominant always
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.
any coin will not take the place of bitcoin near future.
I don't see any coin taking up the value of Bitcoin in the future, but these altcoins are not sleeping too. Think of US Dollars and Pounds, Pounds is priced higher than Dollars, but Dollars gained the world's financial interactions attention. Altcoins like Ethereum, Litecoin, Bitcoincash, NEO, are capable of behaving like dollars. That is to say Altcoins are not failing, even if it seems Bitcoin is Kinging.
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.
It is basically not because investors are not trusting the new coins (altcoins), but as you said earlier, Bitcoin came earlier than any other coin. For this reason, I feel this coin deserves some RESPECT. Bitcoin was fighting to penetrate into the financial market, I mean, in a competition with Fiat/Paper Currencies, you see how crazy that can be?, Where were these altcoins. There came a coin then TBC (The Billion Coin), it came and it was looking like the second most promising crypto-coin, as if it will match up to BTC, but where is it now. ETHEREUM came afterwards and fought the good fight of breaking in and that is why ETH is gaining the relevance it has today, but BITCOIN paved the way for all other coins. That doesn't mean Altcoins are failling.
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?
Bitcoin is still a coin paforit of investors to date, in addition to be used as a tool of transactions, bitcoin is also used as an asset to store wealth.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?
I think altcoin does not fail, they are present as a complement of bitcoin, they present fix every deficiency of the coin predecessor, and each altcoin has a different purpose.
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?
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.
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.
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.
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
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.
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.
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.
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?
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.
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
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.
Bitcoin can dominate others and as it is the first crypto currency it can dominate the altcoins.
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. 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?
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.
any coin will not take the place of bitcoin near future.
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.
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.
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.
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.
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?
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?
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