Topic: May Altcoin have chance to rally even if Bitcoin dominance is below 70%? (Read 580 times)
December 15, 2019, 09:05:25 AM
Right now BTC Dominance is 66.4% but there is hardly any positive impact of this on altcoins, they are all almost collapsed. I am holding few altcoins (eth and Litecoin) but there season is no where to be seen. My only hope are now with bitcoin rally, if bitcoin go up altcoin will too go up.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
December 15, 2019, 08:45:06 AM
The altcoin will have a chance to rally because some of the altcoins already show the progress. Maybe we need to wait for more to see the altcoin season that will comes. And if bitcoin is really getting down or stay the current price for some time, I think that will be a good time for an altcoin to increase higher and make another higher price. But when bitcoin back to rise, the altcoin will adjust the price so they can increase higher.
December 15, 2019, 08:38:54 AM
Altcoins rally is ready to launch, the only thing that we are waiting for is the reduction of BTC dominance and the problem is that nobody knows when it is going to happen. It may be on the 23rd after the Bakkt launch or even in 2020.
I do not think that there can ever be a decrease in interest in bitcoin.And if Ethereum will grow, it can perfectly do it without bitcoin. December 15, 2019, 07:59:24 AM
Altcoins rally is ready to launch, the only thing that we are waiting for is the reduction of BTC dominance and the problem is that nobody knows when it is going to happen. It may be on the 23rd after the Bakkt launch or even in 2020.
I do not think that there can ever be a decrease in interest in bitcoin.And if Ethereum will grow, it can perfectly do it without bitcoin. 
December 15, 2019, 04:04:39 AM
If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
I simply don't see the reason why it can't happen.
Bitcoin dominance swinging lower than 70% is actually good for alts, given the fact that it implies that the alt market is currently outperforming BTC because of the fact that BTC dominance generally resides in the 70-80% region over the long term.
Only when BTC dominance is high does it suggest that participants seek less risk in the market and divert their trades from alts into BTC. Not the other way aronud.
December 15, 2019, 01:56:02 AM
Looking at the recent market situation, the dominance of BTC have a destruction factor with taking the huge percentage of money flowing into cryptocurrencies. Bringing back the smart money to altcoins will take a lot of time and money due to the fact that many investors lost the confidence.
3-4 years back, the Bitcoin dominance was close to 90%. But after that it declined and reached the rock bottom of 33% sometime in 2017-18 (when the ICO craze was at its peak). Now once again the market share of Bitcoin is growing. So rather than Bitcoin taking the market capitalization away from the altcoins, we can say that BTC is simoly regaining the market share it lost previously.
The situation with the price stagnation of altcoins has dragged on for a long time, such a long-term state of the cryptocurrency market is not beneficial to anyone. Therefore, I think that the market will find a way out of this difficult situation and altcoins will still attract the attention of investors.
On the contrary, we have seen Bitcoin lost it's dominance during the bull run. But still it remain as the number one crypto and everyone seems to enjoy it. Yes, although it did manage to also stay with Bitcoin, like Ethereum and XRP, the worsening market conditions put a dent on most of them.
Bitcoin is just around 60% of it's all time high, but most altcoins are 90%, so even it Bitcoin or a lot of altcoins as you describe have better functionality than Bitcoin, still investors prefer it at this bearish market. So nothing has change really, whatever cycles we have, Bitcoin will dominate.
December 15, 2019, 12:40:40 AM
Looking at the recent market situation, the dominance of BTC have a destruction factor with taking the huge percentage of money flowing into cryptocurrencies. Bringing back the smart money to altcoins will take a lot of time and money due to the fact that many investors lost the confidence.
3-4 years back, the Bitcoin dominance was close to 90%. But after that it declined and reached the rock bottom of 33% sometime in 2017-18 (when the ICO craze was at its peak). Now once again the market share of Bitcoin is growing. So rather than Bitcoin taking the market capitalization away from the altcoins, we can say that BTC is simoly regaining the market share it lost previously.
The situation with the price stagnation of altcoins has dragged on for a long time, such a long-term state of the cryptocurrency market is not beneficial to anyone. Therefore, I think that the market will find a way out of this difficult situation and altcoins will still attract the attention of investors.
December 15, 2019, 12:29:34 AM
The alternative market is not yet showing much improved performance even though Bitcoin is trading sideways there's still no much positive price action yet in the top ranked assets, but early next year there should be a bit more to look forward to
December 15, 2019, 12:21:40 AM
Looking at the recent market situation, the dominance of BTC have a destruction factor with taking the huge percentage of money flowing into cryptocurrencies. Bringing back the smart money to altcoins will take a lot of time and money due to the fact that many investors lost the confidence.
Well, the increase in dominance of bitcoin could also contribute to the decrease of market capitalization in altcoin which also mean price decrease because the market capitalization is basically just current price x total supply so it's true that it could bring destruction to the altcoins and if bitcoin dominance keeps on increase I really doubtful that alt may never have bullish market ever again except some minor bullish market for some of the altcoins. December 14, 2019, 08:48:20 PM
If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a
In my opinion, altseason will occur if the dominance of Bitcoin is below 50%. If the dominance of Bitcoin is still above 50%, in my opinion altcoin is still depressed because the amount of altcoin is too much. But altcoin which has the potential to provide profit in my opinion is not much, only certain altcoins that have been traded at large exchangers and also already established
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
December 14, 2019, 05:15:39 PM
If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?
Altcoins has never achieved the number 1 slot so your statement is kind of confusing. Also no cryptocurrency currently existing is worthy of overthrowing bitcoin in market capitalization so irrespective of the bitcoin dominance declining, it would never result to altcoins reclaiming the number one slot.
Currently the altcoin market has been on the decline lately so irrespective of the movement of bitcoin dominance it might not be very positive to the altcoin market in generally although few selective ones might benefit.
December 14, 2019, 03:03:37 PM
Looking at the recent market situation, the dominance of BTC have a destruction factor with taking the huge percentage of money flowing into cryptocurrencies. Bringing back the smart money to altcoins will take a lot of time and money due to the fact that many investors lost the confidence.
It will take longer this time before seeing the money goes into altcoins again. But this dip could be just another show and temporary pushing the weak hands away to the market before it goes to pump. We always see this kind of situation and they go away to the market because they see it badly that it's not a good time to invest. 
December 14, 2019, 12:30:33 PM
Looking at the recent market situation, the dominance of BTC have a destruction factor with taking the huge percentage of money flowing into cryptocurrencies. Bringing back the smart money to altcoins will take a lot of time and money due to the fact that many investors lost the confidence.
3-4 years back, the Bitcoin dominance was close to 90%. But after that it declined and reached the rock bottom of 33% sometime in 2017-18 (when the ICO craze was at its peak). Now once again the market share of Bitcoin is growing. So rather than Bitcoin taking the market capitalization away from the altcoins, we can say that BTC is simoly regaining the market share it lost previously.
December 14, 2019, 11:37:11 AM
very likely because if we look at the time when bitcoin still doesn't have much value, the owner of the highest rank is altcoin I forgot what altcoin was and at that time I saw bitcoin-only ranked third, and if this will happen I think it's true what the article said that altcoin will take first place.
You have a good point, but maybe even if the bitcoin will rank as 3rd, I think it will still never change that bitcoin still the mother of all coins of cryptocurrency. Although there is nothing wrong if an Altcoin can be at the 1st rank when it comes in value, it is also good to have good altcoin value in the future not only bitcoin. Hopefully, we can have a lot of good altcoins in the future to invest. October 02, 2019, 01:45:48 PM
untill bitcoin see stability we cant see the growth of altcoins which are testing the bottom line once btc reach at least 80 percent dominance we can see growth of altcoins
October 02, 2019, 01:27:18 PM
very likely because if we look at the time when bitcoin still doesn't have much value, the owner of the highest rank is altcoin I forgot what altcoin was and at that time I saw bitcoin only ranked third, and if this will happen I think it's true what the article said that altcoin will take first place.
September 30, 2019, 10:49:49 AM
Of course, altcoins will still grow. But it will not grow mass. Over the past few months a lot of altcoins have grown from the bottom
This is very unlikely because altcoins don't seem to have a chance when we see Bakkt crash. But maybe your holding the top altcoins in the rankings will probably be somewhat better. I think the leaders of the big altcoins will think of good plans, creating new trends for the market. September 30, 2019, 10:32:55 AM
The Bitcoin dominance is now stable at around 67% to 68%. The next Bitcoin block reward halving is less than a year away, and sometime during the next few months, we will be witnessing a BTC bull run in expectation of the reward halving. And this is going to be bad news for the altcoins. As per my calculations, the next bull run is going to take Bitcoin dominance to somewhere around 85%, leaving only around 10% for the altcoins (excluding the Bitcoin forks and stablecoins). This means that the altcoins will go down not just against Bitcoin, but also against the fiat currencies such as the USD and Euro. For them, the future outlook is bleak.
September 30, 2019, 10:20:33 AM
The possibility of Altcoin Overthrowing the current dominance of Bitcoin is not possible, traders and investors are no longer interested in altcoin.
I agree, altcoin just follows BTC's trend, bitcoin already had a good impression that makes the investors prefer it over other currencies. if btc's price rose up, altcoins price might also be but it can never outgrow the latter.Bitcoin has been known in the crypto space for a long time and its dominance is undeniably not one to be outgrowed by altcoin. Whether altseason returns or not, the only point for consonance appears to be the idea that the current bull cycle could have profound ramifications for the still infant market and even if the bull cycle didn't happened, ooverthrowing BTC is still impossible. There is also another means by which to observe Bitcoin’s increasing dominance over altcoin species. This method requires using the BTC price as the baseline for measuring altcoin price-performance within a specific time period, and the results appear even more dire for altcoins, so again, no chance.
September 30, 2019, 09:10:41 AM
Even though I'm extremely heavily invested in BTC, I don't think it's going to hold it's extremely high market dominance for ever either. In the event that BTC starts another major rally again, people are going to start looking into alts for investment in addition to or as an alternative to investing into BTC, and that could cause alts to gain market dominance once more. No matter what happens, though, I find it extremely unlikely that anything's going to take Bitcoin's spot as the #1 cryptocurrency anytime soon. It's the cryptocurrency the most people recognise and know, and there's reputability with Bitcoin for how long it's existed.
Jump to: