Bitcoins Dominance Percent seemingly is going down. Any thoughts or comments are more than welcome.
Can you state an reliable sources or an open sources that really states that the percentage of dominance of the bitcoin is seemingly going down right now? Because I think the dominance of bitcoin right now is currently not going down and still going up in which we can see it that many people are still intact on the bitcoin and many bitcoin are getting good as always and dominance of it are seeing by the mass already. 
Topic: Is Bitcoin Dominance Going Down? (Read 434 times)
Dominance doesn't matter if the assets lack liquidity.
There isn't a market to absorb all the shit, once people think the window of opportunity to increase their gainz is over and they all simultaneously head for the proverbial door.
There isn't a market to absorb all the shit, once people think the window of opportunity to increase their gainz is over and they all simultaneously head for the proverbial door.
I never saw that btc fall down in every aspect I checked. When it comes to adoption, I believe that btc still got the most numerous adoptions thouugh it is in a slow pace but at least it continue to grow. Then when it comes to price, btc is still at the top; yeah I know that the current trend of btc at this moment is going dowm but c'mon it's normal so there's nothing to worry about. On that being said, I can see that btc is still dominating the cryptosphere and it ever will 
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Stellar it is doing these massive burn offs and sell off and Im just wondering whats up with that?
I think this is a good move by the stellar project but I wonder since then, the coin has not made a real bull run because burning is suppose to grow a coins community at least. But lets see how all will play out after halving of bitcoin.
We all know today that the bitcoin is one of the best coin to make profit and a lot of income with just a single investment also the bitcoin is one of the most profitable coins but the path of that coin does not take easily because it came to the highest market price of a coin it goes into the start the price of it is just a single thousand dollar. Today we are seeing that the price goes up for over 14k dollars and this is profitable enough for us to make more earnings. From the previous year of the bitcoin, it shows a good market income and many people now starting some investments because they know the possibility of this coin to make profit to the future and now the prediction is true because came from falling from the previous year of the bitcoin now it is going upward again and gives a huge income to the people. The bitcoin is not now a going down instead of increasing with the support of other people and preparing for the huge market price again.
Stellar it is doing these massive burn offs and sell off and Im just wondering whats up with that?
I think this is a good move by the stellar project but I wonder since then, the coin has not made a real bull run because burning is suppose to grow a coins community at least. But lets see how all will play out after halving of bitcoin.
With that all being said, Ethereum as well is having a bullish trend with bitcoin and XRP, this could considerably a bull run I suppose. Furthermore, bitcoin halving is still not yet happening though, there is already a good market trend that we could see from CMC (Coin Market Cap). For me, this just means one thing, the idea of bitcoin dominance going down is actually false, as we what is really happening is that, it still relies on good position, but the other cryptocurrency is also gaining good market that is why it seems to affect bitcoin's dominance.
Bitcoins Dominance Percent seemingly is going down. Any thoughts or comments are more than welcome.
where is this argument being drawn from to make this comparison of todays bitcoin stance. When alts wake up this happens. They've been dead for the best part of two years. It's been far, far, far lower in the most feverish phases. I think it got down to 36-37% at one point.
The whole thing is based off market cap which is a metric that is pathetically easily gamed so it's not a meaningful figure in itself.
the same market cap that has manipulated numbers The whole thing is based off market cap which is a metric that is pathetically easily gamed so it's not a meaningful figure in itself.
I definately do not see this as a standard of measure for Bitcoin Dominance or use. 
Stellar it is doing these massive burn offs and sell off and Im just wondering whats up with that?
I think this is a good move by the stellar project but I wonder since then, the coin has not made a real bull run because burning is suppose to grow a coins community at least. But lets see how all will play out after halving of bitcoin.
I don't see it going down in the future, at least not considerably. But to be perfectly honest, I also don't see it as a metric that holds any weight.
A rush to buy an altcoin can inflate the prices and create an artificial market capitalization that really doesn't hold any weight. Bitcoin's value lies in its long term reliability and proven use case. It continues to have the most robust network and will likely continue to be in thenumber one spot for purposes of real use cases other than just speculation. There's more value to that other than any market capitalization statistic.
A rush to buy an altcoin can inflate the prices and create an artificial market capitalization that really doesn't hold any weight. Bitcoin's value lies in its long term reliability and proven use case. It continues to have the most robust network and will likely continue to be in thenumber one spot for purposes of real use cases other than just speculation. There's more value to that other than any market capitalization statistic.
Bitcoins Dominance Percent seemingly is going down. Any thoughts or comments are more than welcome.
lol that is actually High more than 60% of the total market capitalization are in Bitcoin so how come that you think this is going down?of course it will sometimes up and Down because no way that it will consistently Up ,if that will happen then for sure the dominance percentage can take 100%?so what about the altcoin don't you want to give them a part of the market?and besides this is the highest Bitcoin dominance had 60% and up percent.
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If bitcoin dominance going down, that is normal, and I think that will only happen for temporary. Soon, bitcoin dominance will go up again, and that can have an impact on the price that can increase higher. If bitcoin dominance is down, then the altcoin will go up, and I think we will see the altcoin price will also increase too. We need to watch the market close so we can know what will happen with the bitcoin price.
Bitcoin dominance will be 45%+ in the next year in my opinion. There are no projects to break it
Bitcoins Dominance Percent seemingly is going down. Any thoughts or comments are more than welcome.
I read less than two weeks ago about BTC showing a strong rebound in Dominance Percentage (as the chart above showed for most of 2019), so what you are seeing is probably a small move in the other direction. Overall, there is not currently a real threat to Bitcoin's awesome dominance.
having 62% in dominating market capitalization?i don't think it is appropriate to say that.
bitcoin is still dominating high the crypto world so nothing to be alarmed mate.
and besides 62% is truly high enough to prove the dominance not unless you all want to make it 80%?with too many altcoins around that is impossible for now to happen.
well your explanation is very reasonable because when halving it will be more difficult to get bitcoin while those who search and use bitcoin have a very high amount so it will have a good impact on the price at the exchange place that will soar because bitcoin is very valuable so people will always be looking for bitcoin and will use it for something that can provide benefits and make it easy to transact. bitcoin is still dominating high the crypto world so nothing to be alarmed mate.
and besides 62% is truly high enough to prove the dominance not unless you all want to make it 80%?with too many altcoins around that is impossible for now to happen.
having 62% in dominating market capitalization?i don't think it is appropriate to say that.
bitcoin is still dominating high the crypto world so nothing to be alarmed mate.
and besides 62% is truly high enough to prove the dominance not unless you all want to make it 80%?with too many altcoins around that is impossible for now to happen.
bitcoin is still dominating high the crypto world so nothing to be alarmed mate.
and besides 62% is truly high enough to prove the dominance not unless you all want to make it 80%?with too many altcoins around that is impossible for now to happen.
It went down, yes, but there are still a lot of people out there supporting it.
Despite this loss of Bitcoin's dominance for consecutive days, the price of it is still moving not disappointing its investors and users. It fell down, yes but as long as people are keeping on investing in it, keep on using it, I don't think that should be a problem. It is still the most expensive cryptocurrency in the market, and as long as it stays there, investors will keep on coming back.
Despite this loss of Bitcoin's dominance for consecutive days, the price of it is still moving not disappointing its investors and users. It fell down, yes but as long as people are keeping on investing in it, keep on using it, I don't think that should be a problem. It is still the most expensive cryptocurrency in the market, and as long as it stays there, investors will keep on coming back.
like always bitcoin (real) dominance remains around 99% and that has not changed over the 11 years of its existence. the only thing that has been changing from time to time is the market cap ratio and that will always keep going down the more shitcoins they create that have enormous supplies because it is super easy to create fake market capitalization in an altcoin by creating a lot of it and then having a tiny price.
I beg to disagree that Bitcoin dominance is going down. There may be relative changes to its value but it still looks balanced especially that there also shifts on trading today with diverse and numerous coins circulating in the market. Bitcoin and Altcoins have an inverse correlation, other coins drops as Bitcoin increases because people sell their old coins to Bitcoin. Alongside, Bitcoin increases, people consolidate into alts and the price of Ethereum rises. Nonetheless, when dominance is regarded, Bitcoin still has the most interest of the traders.
Bitcoin dominance is the market share of Bitcoin in the cryptocurrency market. Simply, the formula for calculating it is:
Dominance = (Market share of Bitcoin) / (Market share of BTC + Market Share of altcoins)
It is a very simple formula and explains why the altcoin share goes down whenever the dominance of Bitcoin increases. But at the same time, it should be remembered that dominance has nothing to do with the exchange rates. From what I have seen, the exchange rates of altcoins go up, most of the times when that of Bitcoin increases.
I do not really understand what you mean by the dominance of bitcoin going down. If you mean it is not as popular as it was before then I think you may be right partially, probably because it is not gaining much-needed attention as it was in the media few years back and recently due to the twitter creating an emoji for bitcoin, it was trending on twitter. I think the hype is always initiated by the rise in price which in turn increases the bitcoin dominance. Even if bitcoin is not dominating, I still do not see any altcoin overtaking bitcoin in terms of dominance.
The idea is that they are thinking that there are other tokens or coins that are gonna beat bitcoin from its dominance. We all know that bitcoin is dominant in terms of value and volume, you can check it on the market or every exchanges. That is maybe because bitcoin is the primary coin that is being used into different platforms. When investing, buying or even using as payment method. Making it become a first of all the coins. Bitcoins Dominance Percent seemingly is going down. Any thoughts or comments are more than welcome.
I think bitcoin is still dominant when it comes to crypto currency because bitcoin is still the most popular and still on the top of the market. When you ask other non-crypto people on what are their thoughts about crypto currency, the first thing they will remember is the bitcoin because it is most used name when it is being shown in the media.
I beg to disagree that Bitcoin dominance is going down. There may be relative changes to its value but it still looks balanced especially that there also shifts on trading today with diverse and numerous coins circulating in the market. Bitcoin and Altcoins have an inverse correlation, other coins drops as Bitcoin increases because people sell their old coins to Bitcoin. Alongside, Bitcoin increases, people consolidate into alts and the price of Ethereum rises. Nonetheless, when dominance is regarded, Bitcoin still has the most interest of the traders.
The current Bitcoin dominance looks balanced to me and yes it's little bit down these days but I think it's a normal procedure and it's happening because of few altcoins which are performing quite good these days anyway this kind of situations are a part of cryptocurrency market hopefully we will see a decent growth in btc dominance this year.
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