Very stable BTC dominance | Bitcointalksearch.org

Karmakid

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Quote from: matchi2011 on October 16, 2019, 09:06:17 AM

Quote from: cutesgirl on October 16, 2019, 08:35:46 AM

Bitcoin still dominance in market until today although less dominance down from 70% and today bitcoin dominance become 66%, how ever bitcoin will always dominance with bitcoin price today have raised down to $7000, how ever bitcoin price on exchange market bitcoin dominance bigger than altcoin with altcoin price very drop after bitcoin down.

Bitcoin indeed even falling with its current value still dominating the market, Alts still struggling and still don't have any clear directions.
Though it's still good to see that bitcoin still raging and getting good sign of momentum, the market as a whole still depending with how
bitcoin runs, everything still possible just need to keep yourself updated in order not to fall with wrong decisions.

When some cryptocurrencies are struggling but you know that they have a pattern from the past that it can still bounce back then you should start getting those cryptocurrencies. For instance, if bitcoin is struggling right now to maintain its price range then you should start to put some of your money into bitcoin and just keep doing that until you settled your investment and hold them until the time of halving which is next year.

matchi2011

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Quote from: cutesgirl on October 16, 2019, 08:35:46 AM

Bitcoin still dominance in market until today although less dominance down from 70% and today bitcoin dominance become 66%, how ever bitcoin will always dominance with bitcoin price today have raised down to $7000, how ever bitcoin price on exchange market bitcoin dominance bigger than altcoin with altcoin price very drop after bitcoin down.

Bitcoin indeed even falling with its current value still dominating the market, Alts still struggling and still don't have any clear directions.
Though it's still good to see that bitcoin still raging and getting good sign of momentum, the market as a whole still depending with how
bitcoin runs, everything still possible just need to keep yourself updated in order not to fall with wrong decisions.

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right now the cryptocurrency price condition at the exchange is very stable because the economic condition of the market is not crowded, it is different when the market conditions start to crowded so the coin will move very fast or even unstable because the market is bull market and do not know when it can happen again.

cutesgirl

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Bitcoin still dominance in market until today although less dominance down from 70% and today bitcoin dominance become 66%, how ever bitcoin will always dominance with bitcoin price today have raised down to $7000, how ever bitcoin price on exchange market bitcoin dominance bigger than altcoin with altcoin price very drop after bitcoin down.

senin

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Quote from: Aceeakell on April 22, 2019, 01:07:12 PM

The dominance level is still very healthy, it allows for growth in the altcoin sector and for a better crypto market these altcoins need space to thrive. These alts offer much more than bitcoin and developers should be encouraged to continue their own blockchain projects

Bitcoin dominance will drop down on day after day next years , marketcap will grow up continuously, some of altcoins will out of circulation and lots of of them will grow up more and more. While the marketcap is divided by coin, bitcoin will loss dominance little by little. it won't be too fast and suddenly.

Bitcoin will loss its dominance but i think it never loss against another altcoin. It will continue to be the flagship for a long time

Regarding the dominance of Bitcoin, I completely agree with you. Over time, Bitcoin will inevitably lose such dominance, otherwise the development of the market will come to a dead end. After several periods of price fluctuations, when investors are convinced that there will be no cosmic prices for Bitcoin, the price dominance of Bitcoin will inevitably fall.
In the future, there should be no price dominance in the cryptocurrency market. Due to the fact that many types of cryptocurrencies will develop simultaneously, there should be quite a lot of applicants for leadership and none of them will be able to reach the heights of Bitcoin popularity already.

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Quote from: Xampeuu on April 23, 2019, 08:46:14 AM

Quote from: illnino on April 23, 2019, 07:14:17 AM

Quote from: fuathan on April 19, 2019, 09:27:44 PM

It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market).

Bitcoin will always dominate the other cryptocurrencies. Simply (and here you are right) when bulls come and people start buying other altcoins, these tokens "take" a part of BTC popularity and its dominance decreases.

the increase in bitcoin seemed to signal a rise in other altcoins. and we know that sometimes an increase in altcoin can exceed the percentage increase in bitcoin. of course taking advantage of this opportunity is highly anticipated by investors

I still don't feel the increase of altcoins, maybe it will have its time when investors are fully convince that bitcoin is already bullish and might achieve a new all time high. As for now, based on what I noticed, only major altcoins had increase, and I can only count them which are less than 10, only BCH and BNB are doing good lately.

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Quote from: illnino on April 23, 2019, 07:14:17 AM

Quote from: fuathan on April 19, 2019, 09:27:44 PM

It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market).

Bitcoin will always dominate the other cryptocurrencies. Simply (and here you are right) when bulls come and people start buying other altcoins, these tokens "take" a part of BTC popularity and its dominance decreases.

the increase in bitcoin seemed to signal a rise in other altcoins. and we know that sometimes an increase in altcoin can exceed the percentage increase in bitcoin. of course taking advantage of this opportunity is highly anticipated by investors

illnino

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Quote from: fuathan on April 19, 2019, 09:27:44 PM

It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market).

Bitcoin will always dominate the other cryptocurrencies. Simply (and here you are right) when bulls come and people start buying other altcoins, these tokens "take" a part of BTC popularity and its dominance decreases.

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Quote from: Wayan_Pedjeng on April 22, 2019, 12:56:01 PM

Around one year back, the Bitcoin dominance was around 33% and a lot of users and analysts were predicting that ETH or some other crypto-currency will be toppling Bitcoin from the no.1 position within the near future. And then came the correction. Bitcoin lost almost 80% of its value, but the other coins lost even more. For example, Cardano lost more than 95% of its value.

One possible explanation is that the alts were heavily over-priced and as a result they crashed quite a bit during the correction. Or it can also mean that the alts have underwent a severe correction and they are currently under-priced.

Oh yeah,,, that was the Flippening, but was that not in 2017 and not last year? What does dominance matter in market cap overall anyway when it is diluted by the likes of Tether or XRP which nobody uses practically? You have to still see dominance in terms of blockchain activity, for example, how many transactions, how much spends to unique addresses,,, things like that.

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Quote from: PlusOne88 on April 22, 2019, 05:47:58 AM

No matter what the price will be, as long as the price didn't go up or down quickly as much so that online businesses with bitcoin as payments will not lose to volatility, is good. Even if bitcoin will be price at $3,000 and below, if such increase or decrease are not hourly or daily, bitcoin will be used without hesitation and can be stored or be used like a real currency.

If BTC is already having like 60% market dominance, then what is left of other coins will be 10%, because the remaining 20% are either shitcoins and should not be counted as part of the market, even though their own marketcap too is reflecting on the marketcap site.

Bitcoin as a coin is really more than enough to solve any problem all these projects may have taught off, they just need to give their space completely to bitcoin so that we can achieve crypto adoption fully. If all attention in the market is focused on BTC now, it will be easier to gain attention of government quickly.

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The dominance level is still very healthy, it allows for growth in the altcoin sector and for a better crypto market these altcoins need space to thrive. These alts offer much more than bitcoin and developers should be encouraged to continue their own blockchain projects

Bitcoin dominance will drop down on day after day next years , marketcap will grow up continuously, some of altcoins will out of circulation and lots of of them will grow up more and more. While the marketcap is divided by coin, bitcoin will loss dominance little by little. it won't be too fast and suddenly.

Bitcoin will loss its dominance but i think it never loss against another altcoin. It will continue to be the flagship for a long time

Wayan_Pedjeng

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Around one year back, the Bitcoin dominance was around 33% and a lot of users and analysts were predicting that ETH or some other crypto-currency will be toppling Bitcoin from the no.1 position within the near future. And then came the correction. Bitcoin lost almost 80% of its value, but the other coins lost even more. For example, Cardano lost more than 95% of its value.

One possible explanation is that the alts were heavily over-priced and as a result they crashed quite a bit during the correction. Or it can also mean that the alts have underwent a severe correction and they are currently under-priced.

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Quote from: quartzz on November 22, 2018, 10:15:36 PM

Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%.
However it appears previous bear market phases always had an impact on the indicator.

How do you explains this at all?

/edit: details
Since september Bitcoin went from $6500 to $5500
Then 5500 to 4200
Then 4200 to 3700
Then 3700 to 4300
Then 4300 to 3300

BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53%
Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards.

Note that the absolute value of btc dominance (53%), high/low, is not my point at all.
Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning.

I have seen the same pattern before, this is nothing new. When bitcoin goes up, the alts go up. When bitcoin goes down, the alts go down. Bitcoin being stronger, pulls them all around, but them on their own being weaker, won't pull bitcoin very much. Of course within this pulling and pushing, their relative prices fluctuate and this is where some traders make profits from. The simple delay can signal them.

But yes in time bitcoin price is going to fluctuate less, we are talking about decades here so don't get too much expectation. Do note that "stable" doesn't mean 1:1 with the USD, they are naturally going the opposite direction in more predictable rates. You know they like to inflate the USD at or near 2% per year, so that's the very least BTC should be gaining against it. Any coin pegged to the USD is also artificially inflating with them (as with all fiats).

You can clearly see the increase of value in bitcoin's life, this looks like a logarithmic curve, it goes up very fast in the beginning but tends to slow down with time. The opposite is the exponential curve as always seen with hyperinflation, starts very slow and goes up faster and faster later...

bettercrypto

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Quote from: 3x2 on April 22, 2019, 10:11:50 AM

45 to 53 is the perfect percentage for this year.
I remember in 2016 the btc dominance was 26 or 32 percentage and it has been continiously rising Year after the Year.

Where did you find that ratings? Many speculations tend to be positive in bitcoin. Since, in the past few years, bitcoin creates an impossible thing we might not expect. However, 2018 is not a year for bitcoin because of the market condition. There are million dollars that pulled from the market by whales which I do not know the cause. But one thing I know, they will return it again once the rally will start.

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Quote from: maianh09 on April 22, 2019, 07:19:52 AM

The market fell, but the trading volume of Bitcoin accounted for about 55% of the entire Cryptocurrency market. Even when the market thrives, Bitcoin still accounts for about 60% of the total supply of total market volume. Bitcoin is always in perpetual existence even when the market is terrible or growing. We believe Bitcoin can change all in the future and its trading volume is increasing.

During bear markets bitcoin tends to gain dominance and the opposite happens during the bull run. Expect these altcoins to go crazy once again during the next bullrun. Some people even think the BTC-ETH flippening will eventually happen.

3x2

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45 to 53 is the perfect percentage for this year.
I remember in 2016 the btc dominance was 26 or 32 percentage and it has been continiously rising Year after the Year.

arpon11

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Quote from: marcelocoin on November 22, 2018, 11:36:29 PM

be too early for speculation, I hope that after the holiday season, bitcoin will recover, I do not think it's a lot but at least 30% of this year's fall

The op has really speculate this market to some extent and to me he has said something that will happen in future and that has happened. Att lest bitcoin has go as low as $3200 in December last year. We are going to see this bitcoin dominance for long and it will be very difficult to bring bitcoin down or any coins compete with it in future. The dominance is still around 53% and I think it means majority of the coins that flow into cryptocurrencies market, flow to bitcoin and that is why when bitcoin is growing, other coins will follow and if it is getting dump other coins are also dumping too.

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Quote from: Remainder on April 22, 2019, 02:57:43 AM

I find BTC is the leader of the pack, the other 5 or 10 major crypto currencies are always following the trends that btc is taking.
If bitcoin fall down the rest will falls down with it, I cant see in the future that BTC will be replace by any other crypto currency.

Only 5 to 10 cryptos were following the prices of bitcoin? I guess all the cryptos which are traded just follow the trend of bitcoin and that is the reason why dominance has increased from the last year.But still price of bitcoin was low compared to its dominance level on the market so in the current bull run we may see less dominance and increasing in the prices.

maianh09

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The market fell, but the trading volume of Bitcoin accounted for about 55% of the entire Cryptocurrency market. Even when the market thrives, Bitcoin still accounts for about 60% of the total supply of total market volume. Bitcoin is always in perpetual existence even when the market is terrible or growing. We believe Bitcoin can change all in the future and its trading volume is increasing.

PlusOne88

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No matter what the price will be, as long as the price didn't go up or down quickly as much so that online businesses with bitcoin as payments will not lose to volatility, is good. Even if bitcoin will be price at $3,000 and below, if such increase or decrease are not hourly or daily, bitcoin will be used without hesitation and can be stored or be used like a real currency.

Topic: Very stable BTC dominance (Read 1536 times)