Which shows that there is a a little bit less speculation into other alts and more confidence in Bitcoin as the strongest currency.
it usually happens when the pump is only experienced by bitcoin and altcoin doesn't follow it. dominance still belongs to bitcoin and if it continues, it will be bad for altcoin. Bitcoin's popularity is undefeated if he experiences the next pump. and hopefully this time the altcoin follows where bitcoin goes. 
Topic: Is it just me or is the market dominance of BTC dangerously high? - page 2. (Read 1032 times)
July 24, 2019, 12:30:37 PM
July 24, 2019, 12:20:48 PM
Which shows that there is a a little bit less speculation into other alts and more confidence in Bitcoin as the strongest currency.
July 24, 2019, 05:52:30 AM
I've been following Bitcoin's market dominance for a while now. And before the current bullish trend, it used to decrease as the market was growing. I even noticed the correlation between the prices going up and the dominance going down and vice versa. Take a look at this interesting chart: https://coinmarketcap.com/charts/#dominance-percentage. Specifically, at what happened at the end of 2017. Bitcoin's price sky-rocketed, but so did the prices of altcoins. They were kind of fueling each other and thriving. Bitcoin going up coincided with the market of cryptocurrencies expanding, and alts taking up a bigger and bigger part of it. BTC dominance went almost as low as 30% back then.
When the prices started going down, Bitcoin's dominance was growing. People were selling their cryptos a lot, but some of them were selling altcoins for Bitcoin, so it actually lost less than others. When the prices started to go up in April, I thought that 2017 would repeat itself with Bitcoin giving more space for other coins as the market recovers. Instead, what we see is Bitcoin recovering at the expense of altcoins with market dominance now being above 60%.
What do you think about this phenomenon? Is the time of altcoins over, or is it just temporary?
When the prices started going down, Bitcoin's dominance was growing. People were selling their cryptos a lot, but some of them were selling altcoins for Bitcoin, so it actually lost less than others. When the prices started to go up in April, I thought that 2017 would repeat itself with Bitcoin giving more space for other coins as the market recovers. Instead, what we see is Bitcoin recovering at the expense of altcoins with market dominance now being above 60%.
What do you think about this phenomenon? Is the time of altcoins over, or is it just temporary?
BTC has been dominating from the first but after 2017, the dominance percentage was nearly 50%. From April 2019, the dominance % has increased to 63%. It is dangerous for the growth of crypto market especially altcoins market. Maximum coins are at the edge of destruction.
July 18, 2019, 12:44:43 PM
So it is, more and more investments go only into Bitcoin and now less and less investors are investing in altcoins and the domination of Bitcoin is constantly growing, everyone sees that only Bitcoin is growing and they start to invest in it.
Bitcoin has always been a big dominance, but now the market capitalization is not very big, so people think that almost everyone invests only in BTC 
July 18, 2019, 01:41:42 AM
Bitcoin is just eating off all the cryptos. People are so sure about bitcoin that they are not investing in any other crypto. Previously people used to buy when the price of bitcoin used to plummet but with the popularity of stablecoin, all of their bitcoin is being exchanged for stablecoins and back to bitcoin.
But I think this is a trap. Large investors are waiting for all the money to go to Bitcoins, and then they just transferred them to Altcoins, this scheme worked last year. July 17, 2019, 07:13:44 PM
Bitcoin dominance has given huge profit to holders of bitcoin yet those who were not careful enough still fell victim of it's dump. They were FOMOed. Which then means that, no matter how good a coin might be, it will still dump. Therefore, the dominance of bitcoin will certainly reduce.
July 17, 2019, 06:23:38 PM
This is just proof that Bitcoin should and must be your primary investment, I have it at 60% of all my portfolio and it's profitable enough for me, of course, altcoins are profitable but only a few of them can deliver the profit just like what Bitcoin is bringing to the table.
July 17, 2019, 05:29:58 PM
Bitcoin will always dominate. Because it is the best and first cryptocurrency. I think that he will be glad at the top for a very long time.
Why do you say that, you do realize that at one point Ethereum almost took over Bitcoin as the number 1 cryptocurrency, despite all its flaws.
What happens when a true successor to Ethereum comes along, why would Bitcoin be able to return its position?
I think Libra might be the one to knock BTC off its pedestal, we will see.
July 17, 2019, 05:26:27 PM
I think it is getting out of control, I mean at certain point it is understandable that bitcoin should have a high dominance but until how much?
Like we can understand why bitcoin dominance is not 10%, nobody expects that, it can totally be 50% or even maybe 55% but it is as high as 63% right now and that doesn't seem healthy, the more bitcoin dominance stays high the more coins that die as well because if all money goes to bitcoin then the rest will go to the other high ones in top 5 or top 10 but the 150th coin will keep losing its value constantly (150 is example only) so if we want the whole of crytpo world to continue living then we need the dominance to go down but not by bitcoin price going down but others going up, that way we can have healthy dominance once again.
But why do you think that a dominance at a certain number is good and a slightly higher dominance is bad? If coins begin to die because no one is investing in them then that is clear signal that those coins were not wanted or needed, that is how a free market works, if a business produces products of poor quality and a high price then that business will soon disappear as a more efficient business appears that produces better products at better prices, so if a group of altcoin developers wants to avoid that fate for their coin then they need to do a better job and give investors a reason to put their money in their coin. Like we can understand why bitcoin dominance is not 10%, nobody expects that, it can totally be 50% or even maybe 55% but it is as high as 63% right now and that doesn't seem healthy, the more bitcoin dominance stays high the more coins that die as well because if all money goes to bitcoin then the rest will go to the other high ones in top 5 or top 10 but the 150th coin will keep losing its value constantly (150 is example only) so if we want the whole of crytpo world to continue living then we need the dominance to go down but not by bitcoin price going down but others going up, that way we can have healthy dominance once again.
July 16, 2019, 10:15:41 AM
Bitcoin dominance is high and it’s not only you I feel the same way.
No matter how strong an altcoin price or volume is; once bitcoin dips; it follows The downtrends
The dependency on bitcoin is huge and there’s no solution for it yet
No matter how strong an altcoin price or volume is; once bitcoin dips; it follows The downtrends
The dependency on bitcoin is huge and there’s no solution for it yet
July 16, 2019, 09:34:34 AM
its a surprise but Personally i enjoy the increasing dominance of btc most probably because im a btc hodler and increasing dominance do mostly resultin increasing price as well,
July 16, 2019, 08:21:43 AM
I think the decline at that time was just a correction. for me the current phenomenon is enough to make me sure that there will be a large bullrun in the future, and this is a pretty good start to get started. Altcoin for me will never stop.
July 16, 2019, 08:05:28 AM
Bitcoin will continue to dominate. Most altcoins are dead and if you think about it, nobody really needs most of them. Which is why they are indeed dead. Don't know though, some of them might pump for no reason.
those who have no interest in the market and that development is the reason for the altcoin's death. bitcoin domination actually won't make altcoin die, if they have developments that can increase demand for their coins. even in down conditions they can actually make their own pumps. July 16, 2019, 08:00:47 AM
It isn't just you alone. I have also observed it and I frankly think it is dangerously precarious
same here you guys arent alone with that but i dont get you why consider it dangerous ? we should be happy with it and its good for the crypto market if btc is dominating because this only means that cryptos such as btc are now becoming more popular plus when btc is exploding this do also help other coins to get out of thier comfort zone . the dominance of btc does not mean that people are now only attracted to btc and they are staying away from tokens and altcoins . 
July 16, 2019, 07:49:01 AM
I've been following Bitcoin's market dominance for a while now. And before the current bullish trend, it used to decrease as the market was growing. I even noticed the correlation between the prices going up and the dominance going down and vice versa. Take a look at this interesting chart: https://coinmarketcap.com/charts/#dominance-percentage. Specifically, at what happened at the end of 2017. Bitcoin's price sky-rocketed, but so did the prices of altcoins. They were kind of fueling each other and thriving. Bitcoin going up coincided with the market of cryptocurrencies expanding, and alts taking up a bigger and bigger part of it. BTC dominance went almost as low as 30% back then.
When the prices started going down, Bitcoin's dominance was growing. People were selling their cryptos a lot, but some of them were selling altcoins for Bitcoin, so it actually lost less than others. When the prices started to go up in April, I thought that 2017 would repeat itself with Bitcoin giving more space for other coins as the market recovers. Instead, what we see is Bitcoin recovering at the expense of altcoins with market dominance now being above 60%.
What do you think about this phenomenon? Is the time of altcoins over, or is it just temporary?
It isn't just you alone. I have also observed it and I frankly think it is dangerously precarious. The dominance isn't healthy at all and this has perpetually kept the prices if altcoins down despite the bull run experienced with Bitcoin lately. Traders and investors still don't want to trust an investment with altcoins owing to that sad experience of 2018 where some of the altcoins ended up as scams. Nobody wants to invest in scam and shitty coins. They would rather invest in Bitcoin and this is keeping Bitcoin dominance on a steady rise. When the prices started going down, Bitcoin's dominance was growing. People were selling their cryptos a lot, but some of them were selling altcoins for Bitcoin, so it actually lost less than others. When the prices started to go up in April, I thought that 2017 would repeat itself with Bitcoin giving more space for other coins as the market recovers. Instead, what we see is Bitcoin recovering at the expense of altcoins with market dominance now being above 60%.
What do you think about this phenomenon? Is the time of altcoins over, or is it just temporary?
July 16, 2019, 07:14:07 AM
My opinion, we all can't own bitcoin. we know that as fact. the quantity is not much No matter how we manage to break it down to pieces. even the rich among us can get a sizable amount for themselves. for me, we need the altcoins to thrive in this crypto community. the altcoins are there to support bitcoin and to create the adoption that cryptocurrency needs.
we should Not condemn altcoins just like that. there are good ones and the bad ones but the current situation of the market is definitely killing the altcoins. from ethereum downwards. the Gap between bitcoin and altcoin is much.
we should Not condemn altcoins just like that. there are good ones and the bad ones but the current situation of the market is definitely killing the altcoins. from ethereum downwards. the Gap between bitcoin and altcoin is much.
July 16, 2019, 05:49:21 AM
Is the time of altcoins over, or is it just temporary?
Bitcoin has been so dominant as the number 1 coin in the market.
It has retain its dominance of over 50% in the past few months, and that's the trend of the market now but we cannot conclude that altcoins will just become worthless and bitcoin will be the only coin left for trading, that is just temporary, and just like the past trend, when the bull run arrives, everything will change.
The thing is, we came from a big bull run where long FOMO has been happening, it was able to make bitcoin achieve its ATH in a short time and BTC was able to bring altcoins on its uptrend, people now are just more careful and although slowly they have put back their trust and confidence on bitcoin but they are not touching altcoins yet but soon they will, that's for sure.
Bitcoin will continue to dominate. Most altcoins are dead and if you think about it, nobody really needs most of them. Which is why they are indeed dead. Don't know though, some of them might pump for no reason.
July 12, 2019, 04:11:32 AM
Is the time of altcoins over, or is it just temporary?
Bitcoin has been so dominant as the number 1 coin in the market.
It has retain its dominance of over 50% in the past few months, and that's the trend of the market now but we cannot conclude that altcoins will just become worthless and bitcoin will be the only coin left for trading, that is just temporary, and just like the past trend, when the bull run arrives, everything will change.
The thing is, we came from a big bull run where long FOMO has been happening, it was able to make bitcoin achieve its ATH in a short time and BTC was able to bring altcoins on its uptrend, people now are just more careful and although slowly they have put back their trust and confidence on bitcoin but they are not touching altcoins yet but soon they will, that's for sure.
July 12, 2019, 03:52:18 AM
I think it is getting out of control, I mean at certain point it is understandable that bitcoin should have a high dominance but until how much?
If you like, check the data before the last bull period. Bitcoin dominance had gone to higher levels. Don't panic. It will gets its balance soon.
July 12, 2019, 03:48:06 AM
I think it is getting out of control, I mean at certain point it is understandable that bitcoin should have a high dominance but until how much?
Like we can understand why bitcoin dominance is not 10%, nobody expects that, it can totally be 50% or even maybe 55% but it is as high as 63% right now and that doesn't seem healthy, the more bitcoin dominance stays high the more coins that die as well because if all money goes to bitcoin then the rest will go to the other high ones in top 5 or top 10 but the 150th coin will keep losing its value constantly (150 is example only) so if we want the whole of crytpo world to continue living then we need the dominance to go down but not by bitcoin price going down but others going up, that way we can have healthy dominance once again.
Like we can understand why bitcoin dominance is not 10%, nobody expects that, it can totally be 50% or even maybe 55% but it is as high as 63% right now and that doesn't seem healthy, the more bitcoin dominance stays high the more coins that die as well because if all money goes to bitcoin then the rest will go to the other high ones in top 5 or top 10 but the 150th coin will keep losing its value constantly (150 is example only) so if we want the whole of crytpo world to continue living then we need the dominance to go down but not by bitcoin price going down but others going up, that way we can have healthy dominance once again.
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