Pages:
Author

Topic: BTC Dominance on CoinMarketCap - page 3. (Read 2462 times)

hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
October 28, 2019, 10:29:32 PM
It's very simple that Bitcoin is dominating on the crypto market so far because of having some basic reasons, I think we all know that Bitcoin is the pioneer of this platform and it's still a dependable coin for the other coin, I believe most of the coins are fully based on the Bitcoin, Still the crypto market price is run with the price of Bitcoin, it's highly valuable digital currency so far so people's love holding Bitcoin for making profit and in this way It's demand is also high but the supply is not much, this is why Bitcoin still has its own expected dominance in this platform.
legendary
Activity: 1316
Merit: 1145
October 28, 2019, 09:13:59 PM
do you mean that the dominance of bitcoin will decrease when more altcoins are created? I do not think so. bitcoin will remain dominant in its position. because bitcoin is the number 1 pioneer in crypto. and other altcoins are only a complement to crypto resources. like a tree, Bitcoin is the Trunk. and altcoin is twigs and leaves. altcoin will not replace Bitcoin. and Bitcoin remains dominant.
member
Activity: 938
Merit: 14
Earn more with Earn Network
October 28, 2019, 07:56:46 PM
There is this interesting article that stated that the real atcoin value is 10% and a big part is shared between ETH and XRP.  The research considered the liquidity in the space and bitcoin took the big advantage.
https://cryptopotato.com/altcoins-real-dominance-is-only-10-of-the-crypto-market-not-30-new-study-reveals/

Bitcoin dominance occupying the largest percentage of the market is an undeniable fact which is even stated clearly on CoinMarketCap in terms of market cap and market volumes. Bitcoin is the king of crypto and has become the emblem or totem for the entire crypto space. It is what the governments and big institutions look up to in order to make a general decision about the entire crypto space.
legendary
Activity: 3388
Merit: 1205
October 28, 2019, 07:11:27 PM
I think that until the end of the year Bitcoin's dominance will rise over 71% and some altcoins will suffer a lot from this dominance so we could see Bitcoin at over 12k$ again. If Bitcoin somehow pulls a magical rising in dominance over 72% then altcoins are doomed for good as we will see major bloodbath o altcoins that some of them will never recover from it so stay sharp and don't go all in in altcoins.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
October 28, 2019, 07:02:44 PM
There was even 65%
To check bitcoin dominance i am looking BTC vs top alts
Specially btc-eth .Traders are often securing his btc positions by switching to top alts
That way i have instant market outlook


Well it currently sits at 67.7% according to: https://coinmarketcap.com

I wonder how the dominance might change in XRP get implemented on wide-scale fintech transactions including it Moneygram starts to pick up and also when Ethereum gets it upgrade. I still expect Bitcoin to reign supreme without challenge and without doubt but expect the dominance percentage to fall much lower than it is now.
hero member
Activity: 1568
Merit: 502
October 28, 2019, 06:48:37 PM
Yes, most of the users are preferring to invest in Bitcoin especially, and there are few reasons behind the increasing dominance of Bitcoin over coinmarketcap.

1) Bitcoin is the first cryptocurrencies ever launched and still its creating values.
2) Bitcoin is the most trusted and most favorite coin among the crypto market.
3) Due to the first coin Bitcoin also known as Prime/ Master Currency among the crypto market, and most of all cryptocurrencies evaluated in BTC first.

Due to more interest in users into bitcoin, its dominance is increasing exponentially. And the main reason is people are aware of Bitcoin, they don't know other altcoins, and even not getting involved in other altcoins.
full member
Activity: 694
Merit: 108
santacoin.io
October 28, 2019, 01:10:47 PM
Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is:  62.6%

Well, the bitcoin market dominance keeps growing as many people are buying bitcoin more than the other cryptocurrencies.

Here is the current bitcoin market dominance as of today at 68.0% - Maybe the bitcoin market dominance would reach 75% to 80% by December 2019.

 
sr. member
Activity: 882
Merit: 260
October 28, 2019, 10:19:29 AM
There is no doubt about it. Bitcoin is really a dominant coin among other cryptocurrencies. Its price is never been disappointing us. Yes it fell but not to the point it became worthless. So if you gonna ask me, I will always prefer bitcoin to hold.
jr. member
Activity: 42
Merit: 1
https://neironix.io/
October 28, 2019, 08:53:38 AM
Compared to other cryptocurrencies that do not inspire confidence, any bitcoin sale on the market occurs only because of the desire to make money, and not because Bitcoin loses its relevance.  Based on this, price fluctuations will always exist and will earn money on this, because the most important attraction of Bitcoin is its unstable price.

I agree with you in that the relevance of Bitcoin has not diminished nor has the "brand" that it brings. How you concluded the most important attraction of Bitcoin to be its unstable price - is beyond me but maybe you can elaborate.

I think he means the volatility of bitcoin and the greed of people who only attract the idea of earning quick money, for example, I myself almost every day monitor price fluctuations on the https://neironix.io/ru/cryptocurrency/tron, and constantly try to find new altcoins there, for quick money.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
September 16, 2019, 06:07:49 AM
Compared to other cryptocurrencies that do not inspire confidence, any bitcoin sale on the market occurs only because of the desire to make money, and not because Bitcoin loses its relevance.  Based on this, price fluctuations will always exist and will earn money on this, because the most important attraction of Bitcoin is its unstable price.

I agree with you in that the relevance of Bitcoin has not diminished nor has the "brand" that it brings. How you concluded the most important attraction of Bitcoin to be its unstable price - is beyond me but maybe you can elaborate.
jr. member
Activity: 94
Merit: 2
September 16, 2019, 05:58:42 AM
No matter how many coins will launch in the market, the Bitcoin will still dominating the crypto space, no matter how hard the dev tries, they will just behind the Bitcoin, it is the king of crypto and nothing could beat or replace on its place.

There is no guarantee that Bitcoin will never be replaced by a technologically better alternative. As the case with all the technological innovations, Bitcoin also will be eventually replaced by something else. However, right now there is no such alternative in existence, which has the capability to overtake Bitcoin. There are technologically advanced cryptocurrencies available, but their basic concept remains same as that of BTC.

If a developer wants his coin to replace Bitcoin, then he should be ready to try a fundamentally different approach. He should be able to come up with an alternative to Blockchain. As of now, almost all the cryptocurrencies use some form of a Blockchain to store the transactions. And since it was originally a concept invented by Satoshi, Bitcoin remains on the top as the "original" cryptocurrency. It is possible to replace Blockchain with a better concept.
It would be kind of hard now for bitcoin to be replaced by any technology, it would have been easy at the early stage before bitcoin technology became this popular, and if you can see that it has gone beyond just individual and it is already creeping  into the government system, and anything that is beginning to involve government would be difficult to be replaced which is why we are still finding it very difficult for bitcoin to really go high as much as it ought to have gone because the government are still holding on tight to that fiat that they have been used to for year and which they have full control over.

If bitcoin is still facing it hard with them, then no matter how good the new technology is, it may really not get that recognition enough to beat bitcoin.
jr. member
Activity: 175
Merit: 1
September 03, 2019, 03:30:20 AM
Its %70 now.bitcoin make every move to kill altcoins.up or down doesnt matter, every each move killing alts.this is the most thing i hate in crypto.every coin should have their own graphic, not depend to bitcoin.
As long as bitcoin rises, it will not kill altcoins, look at the market now, almost everything in the top 100 are green because BTC rises 6% today, and it's just one day, I can say that's a significant rise. Some thought bitcoin would drop below $9K but once again, BTC proven them wrong because when BTC were down hard, it also bounce back hard.

From here, I'm expecting BTC to reach at least $11,000 in this week, hopefully, I'll make a correct prediction.
That's right, Bitcoin's fluctuations have a huge influence on other cryptocurrencies. Bitcoin is the one which dictates terms at the whole cryptocurrency market.
I hope that your prediction (11K in this week) is correct, that would be quite nice.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
September 03, 2019, 01:11:24 AM
Its %70 now.bitcoin make every move to kill altcoins.up or down doesnt matter, every each move killing alts.this is the most thing i hate in crypto.every coin should have their own graphic, not depend to bitcoin.
As long as bitcoin rises, it will not kill altcoins, look at the market now, almost everything in the top 100 are green because BTC rises 6% today, and it's just one day, I can say that's a significant rise. Some thought bitcoin would drop below $9K but once again, BTC proven them wrong because when BTC were down hard, it also bounce back hard.

From here, I'm expecting BTC to reach at least $11,000 in this week, hopefully, I'll make a correct prediction.
jr. member
Activity: 378
Merit: 4
September 03, 2019, 01:02:51 AM
Its %70 now.bitcoin make every move to kill altcoins.up or down doesnt matter, every each move killing alts.this is the most thing i hate in crypto.every coin should have their own graphic, not depend to bitcoin.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
September 03, 2019, 12:54:57 AM
Bitcoin will always dominate the market due to its high trust among market users. Altcoins may come closer to Bitcoin if developers come up with a revolutionary product as it was with smart contracts, in other cases Bitcoin will be unattainable
As you rightly noted, Bitcoin has a high level of capitalization and price dominance due to the fact that it enjoys high confidence of people. However, trust, the concept is volatile. It may change in a few days. Especially if Bitcoin will continue to have problems with improvement, and especially with scaling. So everything can be. You can not rely on the trust of users as something permanent and unshakable.

Never say never and never say always. I believe in Bitcoin most of all and its dominance in my own portfolio speaks for itself. And it will always be the case for as long as I see that things don't change. As in, BTC is still the most developed coin, with the most merchants, with the most liquidity, the most security etc.

But if that changes, will I also change? I think so.
sr. member
Activity: 2464
Merit: 252
September 02, 2019, 11:34:05 PM
Bitcoin will always dominate the market due to its high trust among market users. Altcoins may come closer to Bitcoin if developers come up with a revolutionary product as it was with smart contracts, in other cases Bitcoin will be unattainable
As you rightly noted, Bitcoin has a high level of capitalization and price dominance due to the fact that it enjoys high confidence of people. However, trust, the concept is volatile. It may change in a few days. Especially if Bitcoin will continue to have problems with improvement, and especially with scaling. So everything can be. You can not rely on the trust of users as something permanent and unshakable.
jr. member
Activity: 113
Merit: 5
August 30, 2019, 06:08:16 AM
Bitcoin will always dominate the market due to its high trust among market users. Altcoins may come closer to Bitcoin if developers come up with a revolutionary product as it was with smart contracts, in other cases Bitcoin will be unattainable
hero member
Activity: 2926
Merit: 567
August 29, 2019, 09:11:05 PM
Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is:  62.6%
It's 68% now after a month, I don't see it narrowing the gap this year, there are reports that it could be higher based on other studies, people should now just concentrate on Bitcoin or make the majority of their portfolio, with the so many dead coins in the market, and altcoins share dwindling.
legendary
Activity: 3766
Merit: 1217
August 29, 2019, 08:50:40 PM
The dominance is stuck at 68% - 69.5% range for quite some time. Perhaps another trigger is needed to breach the 70% level. I thought that the recent ruling against Craig S Wright would take a big chunk out of BSV's market cap and give a big boost to Bitcoin, but it never happened. Altcoins are still down and on death bed, but it is the stablecoins and the Bitcoin forks that keep the dominance below 70%. Now Bitcoin needs to poach in to the stablecoin market share, which is going to be very difficult. Most of the stablecoins by volume are being held by various exchanges and I don't think that they'll readily give up those coins.
member
Activity: 235
Merit: 16
I-CHAIN - The Revolution of Digital Advertising
August 29, 2019, 11:54:34 AM
Because bitcoin pioneered the cryptocurrency since 2009 that one factor why its price is very high nowadays. It is more trusted than other coins that is why its demand is high and it has many features that people choose to experience and those are some of the factors why people tend to buy it. Also why the price is high because of the limited supply of it, 21 million only compared to other coins that has hundred million to billion supply why their respective prices is low.
Pages:
Jump to: