Is it just me or is the market dominance of BTC dangerously high? - page 4.

iMark

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Quote from: makishart on July 03, 2019, 11:25:46 AM

Quote from: tycsols on July 03, 2019, 10:45:08 AM

It is really high but according to my understanding it shows the strength of btc and probably indicates that market is going through btc bulls phase which was long awaited by most of the hodlers and seems like the rally will continue from here on.

Almost all of people are paying attention to the bitcoin after a bitcoin ETF already approved by US regulators. they are all taking altcoin as an alternative way when bitcoi's volatility is very low and doesn't enough to give them all profit. PnD for altcoin at this moment is a real thing dude.

Indeed, it is only natural that the dominance of bitcoin is very high lately, especially since the fantastic price changes in bitcoin
certainly make investors switch to buying bitcoin, so that the dominance is above 60% now, that is normal for me.

Burogh

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Quote from: ChaoChibai on July 05, 2019, 07:41:54 PM

Im still not so sure about what is happening in the market now. And it is absolutely true that the domination of bitcoin is stronger now. I don’t really sure when will alts recover but i hope it will be soon.

Indeed, the current dominance of bitcoin is too strong in the market with a dominance of more than 60%. I think, the market is not good if the dominance of bitcoin is above 60% because it will suppress the price of altcoin and also the development of new projects. I think, altseason will come and bring the dominance of bitcoin below 50%

ChaoChibai

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-ethernity cloud-

Im still not so sure about what is happening in the market now. And it is absolutely true that the domination of bitcoin is stronger now. I don’t really sure when will alts recover but i hope it will be soon.

Rengga Jati

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Sometimes, I also feel that the dominance of BTC really can beat many altcoins to down and then being shit coins. However, not all altcoins will get that impact into over. SOme altcoins that have promising market charts still have the chance to survive and develop although under the pressure of BTC dominance. We cannot stop the dominance from BTC. But, we can also see the promising altcoins that will survive during this decreasing market trend whether which will be over and which will be okay and survive.

Kiefner

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The dominance of bitcoin is really very significant. He always came first. Altcoins season is not over yet and I know that they will show their growth. Just many of them have already experienced their hyip and now slowly begin to die. Because not every coin can be reborn again.

Ucy

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Bisq is a Bitcoin Fiat Dex. Use responsibly

This probably means less people are buying altcoins than bitcoin.

Question is why were more people buying altcoins back then than today?

The possible reasons are:

-- Super wealthy Whales are no longer buying lots of Altcoins

-- Most Altcoins are no longer easily accessible to buyers

-- The whales are only buying more bitcoin and few altcoins

LimLims

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1xbit.com

The market is really high.
And we all know the reason for this.
This is only because of the growth in price of Bitcoin.
So as the trading volume of BTC increased, so literally the price of each and every coin too increased.
Nevertheless lets wait and hope for the best.
Good luck to us.

cepot9

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actually this is actually a good condition, bitcoin rises and we can focus on profit bitcoin so there is still a chance for us to collect altcoins before they increase like bitcoin. we can focus on bitcoin then altcoin and take advantage without confusion.

kingpin4321

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Let's just say things changed investors are counting there loses on altcoin during that grace period in 2017 so many lost the value for there money through altcoins now they want a safer coin that why the rush do bitcoin is much and making it get more value

elisabetheva

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Quote from: timmmers on July 05, 2019, 07:42:55 AM

And what is dangerous on Bitcoin´s dominance? People simply believe more in Bitcoin than in altcoins. Is something bad on it? It is not, but altcoin investors are loosing their patient and moving into BTC - another grow of BTC dominance.

Trust in bitcoin is very high and as you say the dominance of bitcoin is clear and cannot blame them for the great trust in bitcoin. even though I was less enthusiastic but interested in bitcoin compared to altcoin remained still bigger. coupled with a new altcoin that is not good or many are scams. so the altcoin is eliminated even though there are still many good altcoins, but bitcoin is still the best and still the one sought by investors.

toast

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Quote from: Convery on July 05, 2019, 07:32:26 AM

I have seen a good prediction that told that Bitcoin needs to hit ATH price and then we can think about altcoins growth.
Because investors will not see much profit in BTC and will move from Bitcoin into altcoins.

I don't think that investors are just looking at altcoins, of course they also see bitcoin. because until now crypto is growing steadily. although sometimes the growth is not as much as possible. but I am still so sure that the market will indeed continue to grow.

sherenikaw

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In 2017, this third quarter becomes the starting point for the crypto to go bullrun. However now, there is no exact prediction because the market can change so easily.
Bitcoin also has very big volatility. A week ago, Bitcoin significantly and suddenly could increase until $13k. But it only survived for one or two days. Then, it dropped drastically. Today price only hits stable at around $10k.
I think that the market is still dominated and we don't know what is playing around.

Iykecollinz

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This goes to prove that bitcoin is the king, it has really proven its worth by showing its huge dominance, it is the first point of attraction for anyone coming into crypto, so a lot of those that just heard about bull run are only interested in bitcoin and are buying, alts may rally eventually but that will happen when bitcoin has maintained a reasonably stable value value over a period of time

timmmers

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And what is dangerous on Bitcoin´s dominance? People simply believe more in Bitcoin than in altcoins. Is something bad on it? It is not, but altcoin investors are loosing their patient and moving into BTC - another grow of BTC dominance.

Convery

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I have seen a good prediction that told that Bitcoin needs to hit ATH price and then we can think about altcoins growth.
Because investors will not see much profit in BTC and will move from Bitcoin into altcoins.

XCANA

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Basically whenever Bitcoin dominate the market like what we are currently experiencing means a better days ahead and the possibility of the market gaining strength for a bull run. This dorminance Bitcoin will continue till there's a Major bull run before the end if 2019. Although the market still look favorable to altcoins even at Bitcoin dorminance.

jacafbiz

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There is nothing dangerous about this, ALtcoins had their time in the limelight but they chose to abuse it, the reason why Bitcoin dominance is going up now is because of the many of these shitcoins are dieing and more will still die, the good ALtcoins will now have time to shine

jossiel

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Quote from: ?? on ??

Quote from: jossiel on July 04, 2019, 06:43:09 PM

I think of this as temporary. Check the date of 2017 where bitcoin has hit its all time high. The dominance for bitcoin wasn't so high as it was distributed to most altcoins. I don't consider it as 'dangerously high' because it's normal to see bitcoin's dominance go as high as we're thinking.

Is your portfolio consists mostly of altcoins? if you are too worried about that then you need to start increasing your portfolio with bitcoin again. But as everyone is thinking right now, we're all just waiting for that altcoin season.

Alt season is a myth and it happened in the last years due to the weakness level of Bitcoin dominance. Almost everyone prefers to buy a Bitcoin and only crypto followers talk about the reliable crypto projects, altcoins.

It is what I've been reading almost everywhere. On social media, on altcoin discussions, everywhere as long as there are people who invested to altcoins.

Each person that's into altcoin is longing to see that season but whether we see it or not, the dominance of bitcoin will be always the highest. And alts will be pulled up by bitcoin if ever it goes to the peak again.

jossiel

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I think of this as temporary. Check the date of 2017 where bitcoin has hit its all time high. The dominance for bitcoin wasn't so high as it was distributed to most altcoins. I don't consider it as 'dangerously high' because it's normal to see bitcoin's dominance go as high as we're thinking.

Is your portfolio consists mostly of altcoins? if you are too worried about that then you need to start increasing your portfolio with bitcoin again. But as everyone is thinking right now, we're all just waiting for that altcoin season.

goolesby

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Gistcoin

The chart of how Bitcoin is increasing, developing, decreasing and then pumping show how this coin is very volatile. During the bear market, Btc is likley going to die. However, it can survive and make a big jump only in one month until now. The jumping market trend for bullrun is likely too fast and then it drops again. I think it is one of the ways of a market correction in order to set another price again. And of coruse, it really gives big impacts to all altcoins. Altcoins become very unstable, recently they are also dropping with a higher minus on red. But of course, they need BTC to be more stable in order to follow the increasing price stable.

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