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Topic: Thoughts on Bitcoin's Increasing Market Dominance - page 2. (Read 740 times)

full member
Activity: 567
Merit: 148
As per Coinmarketcap's data - https://coinmarketcap.com , Bitcoin is steadily gaining market dominance and I want to know what will be its implications or possible repercussions on the crypto-industry? Any ideas?
Although I have a lot of altcoins in my portfolios I still consider this as good news, this means that Bitcoin has a huge trust coming from investors new and old investors, which should always be the case.
Let's admit it Bitcoin represents what all the Cryptocurrencies are bringing to the world if we want massive adoption Bitcoin should come first and first learn to make it their main portfolio.

Dominance shows its popularity in relation to other cryptocurrencies. Theoretically, this could mean a flight to quality, as investors are scared of market risk and switch from tokens with less capital to a “safer” asset. Or it may be of growing interest in the sector as a whole, along with the belief that Bitcoin has the strongest foundations. In any case, this emphasizes that BTC is the most attractive crypto for investors.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
The 2013 alt bubble, all 40-50 of them, was 'hey, if Bitcoin is doing it, why not this?'

2017 had ICOs which dragged up literally everything.

The next one won't have ICOs. It might have 'why not this?' but if there is a next time Bitcoin will be doing it on the strength of professional money and infrastructure that no alt will have. That'll make them a lot less convincing than the past.

No doubt something'll happen. Attempting to predict what is impossible.
They will do have their third bubble year, but it will be kind of very different one than 2017 bubble. In addition, their bubble will also depends upon bitcoin growth in 2020 and 2021. You are right that right now, it is too early to predict anything in next one or two years. Simply enjoy altcoin bottoms, and accumulate good and cheap altcoins. Because of the market selection has become harsher last two years, I only try to screen, investigate and choose best altcoins (from my own criteria) for next two years. There is no reason and no benefit to make bets in shit altcoins.
full member
Activity: 1638
Merit: 122
Bitcoin has a long way to go before it achieves dominance in the world of virtual currencies, and I don't believe that it will ever be allowed to achieve dominance. Virtual currencies such as the US dollar, the Euro, and Sterling are still in a different league. These government sponsored virtual currencies cannot be sustained, but they will be replaced by other trading assets that retain a semblance of government control in my opinion.
Hate to say this, but I don't like what anyone called crypto currencies as virtual currencies. Which currencies are real? Which currencies are virtual? If there is no real currency, there is no virtual currency. It sounds the most stupid term, virtual currency, that originally used by governments that don't want their local citizens know about crypto currencies. Because basically when people read or heard about anything virtual, they will stay away from it. That is exactly what governments want.

why not ? virtual means online and cryptos are online so its okay to be alternatively call them virtual  . us dollar and other fiats currencies that a country has is not a virtual currencies because they are real   .  anyway , my thoughts on the btc increasing market dominance is good because this is a sign that btc is becoming more popular and many people are still adopting it  .  if btc is dominating , btc hodlers can earn more income which is good  .
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
Bitcoin has a long way to go before it achieves dominance in the world of virtual currencies, and I don't believe that it will ever be allowed to achieve dominance. Virtual currencies such as the US dollar, the Euro, and Sterling are still in a different league. These government sponsored virtual currencies cannot be sustained, but they will be replaced by other trading assets that retain a semblance of government control in my opinion.
Hate to say this, but I don't like what anyone called crypto currencies as virtual currencies. Which currencies are real? Which currencies are virtual? If there is no real currency, there is no virtual currency. It sounds the most stupid term, virtual currency, that originally used by governments that don't want their local citizens know about crypto currencies. Because basically when people read or heard about anything virtual, they will stay away from it. That is exactly what governments want.
jr. member
Activity: 236
Merit: 1
This is because those fake volumes of other altcoins are exposing off here when it comes to dominance. I think the more the BTC dominance will increase the alts will keep on going down.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
What happened with altcoins in 2017 is not their first time, right? In that year, old altcoins woke up and moved to their past all time highs or set their new ATHs. I meant they repeated their price movements in 2017. So if bitcoin actually repeats its history, why not altcoins repeat theirs, for the third time?

The 2013 alt bubble, all 40-50 of them, was 'hey, if Bitcoin is doing it, why not this?'

2017 had ICOs which dragged up literally everything.

The next one won't have ICOs. It might have 'why not this?' but if there is a next time Bitcoin will be doing it on the strength of professional money and infrastructure that no alt will have. That'll make them a lot less convincing than the past.

No doubt something'll happen. Attempting to predict what is impossible.

legendary
Activity: 2828
Merit: 2472
https://JetCash.com
Bitcoin has a long way to go before it achieves dominance in the world of virtual currencies, and I don't believe that it will ever be allowed to achieve dominance. Virtual currencies such as the US dollar, the Euro, and Sterling are still in a different league. These government sponsored virtual currencies cannot be sustained, but they will be replaced by other trading assets that retain a semblance of government control in my opinion.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
I seriously doubt the amount of stupidity and greed has waned, it's just waiting for an excuse to emerge again. I couldn't believe the insulting shit that was happening in 2017. I fully expect to be flabbergasted again.

I don't think it'll ever be as manic again but things will move despite almost all of them being empty junk that has achieved absolutely nothing. 

The 2017 alt bubble kicked off when the Winklevoss ETF was denied. That was alts' signal that Bitcoin wouldn't be fully legitimised over them. This time around Bitcoin really is being legitimised in a way they never will be but it's happening in slow motion instead.
There are always new investors, whom will be trapped into manic market, and even old investors whom have not yet really learned any lessons from their past failed investments, will do fall into their past steps and mistakes again.

What happened with altcoins in 2017 is not their first time, right? In that year, old altcoins woke up and moved to their past all time highs or set their new ATHs. I meant they repeated their price movements in 2017. So if bitcoin actually repeats its history, why not altcoins repeat theirs, for the third time?

I agree that it is hard for them to set new all time highs in alt/btc pairs, and if such amazing things happen it will occur only for very good altcoins (good developers, good usecases, and strong communities - that will boost their price when active flags come.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
We need a legitimately muscular and sustained move from BTC before we know what alts will get up to this time.

I seriously doubt the amount of stupidity and greed has waned, it's just waiting for an excuse to emerge again. I couldn't believe the insulting shit that was happening in 2017. I fully expect to be flabbergasted again.

I don't think it'll ever be as manic again but things will move despite almost all of them being empty junk that has achieved absolutely nothing. 

The 2017 alt bubble kicked off when the Winklevoss ETF was denied. That was alts' signal that Bitcoin wouldn't be fully legitimised over them. This time around Bitcoin really is being legitimised in a way they never will be but it's happening in slow motion instead.



sr. member
Activity: 1078
Merit: 310
Yes. It's good to know that bitcoin is still dominating the whole market so that people should all come to realize that there should be a larger portion of bitcoin in their portfolio than filling them with altcoins that are only making very slow progress in the market. If this continues to happen, mass adoption for bitcoin will be very possible soon knowing it's been very uselful in the market and has been very profitable as an investment.

I was thinking that BTC's market dominance is not correlated to actual adoption share over other cryptocurrencies and the notion that BTC is gaining momentum on mass adoption rate would be misleading. In fact, if my memory serves me well, BTC's dominance at the height of 2017 bull run was less than 30 percent and this also coincides along with altcoins having their ATH's.

It might be my idea that the Altcoin season should come soon, so market domination should also increase the Altcoin. The Altcoin holders are huge, so it is important for altcoins to be like the year 2017.

Indeed! Market dominance of all consolidated altcoins was more than 70 percent on January 2017 and most of the crypto-community are expecting a rebound like this but I think it will happen only to altcoins who have shown resiliency during the bear market of 2018. Imho.
legendary
Activity: 3472
Merit: 10611
we'll get more flippening talk in the next bubble. i'm not sure it'll be ethereum, though it's still more promising than most of the altcoin space.
Oh god, I'd forgotten all about the flippening chat. Seems hilarious to look back on. I can't see it happening with any current altcoin unless something awful happened to BTC.

it seemed hilarious back when it was happening too because they were saying shitcoins that first inherit all the bitcoin flaws and second add more flaws of their own could replace bitcoin! it was hilarious because it didn't make any sense. it is like saying one of those shitty Chinese copies of iPhone is going to replace Apple.
member
Activity: 644
Merit: 10
As per Coinmarketcap's data - https://coinmarketcap.com , Bitcoin is steadily gaining market dominance and I want to know what will be its implications or possible repercussions on the crypto-industry? Any ideas?

Market domination that has increased the price of Bitcoin, has made altcoins increasingly declining. And this is what happened this year and had to increase the price of Bitcoin, could have a positive impact on altcoins.

It might be my idea that the Altcoin season should come soon, so market domination should also increase the Altcoin. The Altcoin holders are huge, so it is important for altcoins to be like the year 2017.
hero member
Activity: 2814
Merit: 576
DGbet.fun - Crypto Sportsbook
Looking at how the people are confidently used Bitcoin for investment making a way to help in dominating the market. Like no other coin could do like that. People choose the thing that could give betterness of their life, not just for being profitable but in the way that it could them to simplied their workloads in the use of Bitcoin. And glad to see that many establishments came to accept crypto especially for bitcoin.
hero member
Activity: 3052
Merit: 606
As per Coinmarketcap's data - https://coinmarketcap.com , Bitcoin is steadily gaining market dominance and I want to know what will be its implications or possible repercussions on the crypto-industry? Any ideas?
It could only mean that people are very much into Bitcoin than new altcoins in the market. And the majority of investors in the market preferred to invest in the top coins in the market, with Bitcoin as the number one coin they preferred to keep in their portfolio.

In the last two years, there are not many new coins in the market that has usability in the community, the majority of them are just copy of the existing project or concept, one example is these new exchanges based coin that just comes out of ICO.


Yes. It's good to know that bitcoin is still dominating the whole market so that people should all come to realize that there should be a larger portion of bitcoin in their portfolio than filling them with altcoins that are only making very slow progress in the market. If this continues to happen, mass adoption for bitcoin will be very possible soon knowing it's been very uselful in the market and has been very profitable as an investment.
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
As per Coinmarketcap's data - https://coinmarketcap.com , Bitcoin is steadily gaining market dominance and I want to know what will be its implications or possible repercussions on the crypto-industry? Any ideas?
It could only mean that people are very much into Bitcoin than new altcoins in the market. And the majority of investors in the market preferred to invest in the top coins in the market, with Bitcoin as the number one coin they preferred to keep in their portfolio.

In the last two years, there are not many new coins in the market that has usability in the community, the majority of them are just copy of the existing project or concept, one example is these new exchanges based coin that just comes out of ICO.

legendary
Activity: 1526
Merit: 1179
By the way, if you think that the #flippening hype is gone(even though that it's pretty much just a meme now), no it's not. Some people on Reddit r/ethtrader still thinks it's coming after some time. Tongue Their hopium is still strong I guess.
The same applies to the XRP army. They still believe that once financial institutions start to use xRapid that the price will soar well above the $100 mark, which is completely retarded given the 100 billion supply.

Then there is a part of the XRP army believing that $589 (which is a very specific number) going to happen one day. That's a clear indication of how delusional people can become when they hold large bags of it at peak bull run prices.

That being said, XRP has actually managed to see its market cap surpass Bitcoin's market cap twice so far, but at a time where people didn't care much about market caps and dominance as they do right now.
hero member
Activity: 2702
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Nothing lasts forever
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legendary
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we'll get more flippening talk in the next bubble. i'm not sure it'll be ethereum, though it's still more promising than most of the altcoin space.
Oh god, I'd forgotten all about the flippening chat. Seems hilarious to look back on. I can't see it happening with any current altcoin unless something awful happened to BTC.

By the way, if you think that the #flippening hype is gone(even though that it's pretty much just a meme now), no it's not. Some people on Reddit r/ethtrader still thinks it's coming after some time. Tongue Their hopium is still strong I guess.

hero member
Activity: 1470
Merit: 655
Yes, who would forgot about the so called Flippening (ETH) and of course Rippening (XRP). It did give bitcoin a scare, but who cares.

it only gave newbies a scare, as it was meant to do!
every now and then we see a campaign like this funded by centralized shitcoins (since they have a lot of money to spare) that starts a propaganda against bitcoin only to fool the newcomers into giving them their money. as they take their money and pump their shitcoin, they dump it on them and make millions out of it.

everyone else who is not a newbie, have already seen their scams and don't fall for it. now there are more who know as these shitcoins get dumped more!
hero member
Activity: 2842
Merit: 772
I guess everyone really learn their past mistakes, specially in 2017, wherein people are very irrational and would just throw their money in any other shitcoin that is being shill by crypto outlets. Now that investors are getting wiser and smart and realised that indeed, majority of the altcoin are just crowded by shitcoins and still growing at this point.

And now it doesn't make sense to invest on them, just for where the money is, "Bang for the buck" and obviously it is bitcoin.

Yes, who would forgot about the so called Flippening (ETH) and of course Rippening (XRP). It did give bitcoin a scare, but who cares.
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