Topic: Very stable BTC dominance - page 4. (Read 1544 times)
At times it tense with a sudden change in price but we all know it is a bear or bull market and there is NO assurance price will have a uptrend always so we need to have a back up plan to meet the dominance and handle the currency by shifting to another accordingly.
I think that 2019 may bring many surprises when it comes to the market cap of many altcoins. I think that whether Bitcoin will maintain, increase or decrease its dominance will not depend only on its popularity. People have already learned that Bitcoin is not the only one on the market and I think that many altcoins can receive a lot of fresh funds that can change the balance of power in the whole cryptocurrency market cap.
The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD
I agree
The altcoins do not have a great use in real life, if the altcoins had practical use in real life then the dominance of bitcoin would be much smaller and the falls of prices of bitcoin would not affect much the altcoins, but the reality is that the altcoins are focused on solving the problems of the internet, nothing against this, but there are already over 2000 altcoins and more than 80% of these altcoins have the same purpose
Yes, Bitcoin remains on top of all the coins as postdd on the crypto market, it survived with all the attack on its market stability on the market. The down turn on the recent market activity last week seems ended. Yet, the market still volatile and unpredictable. Expert says.. they are still awaiting for the Capitulation on the market? On the other hand crypto market shows positive indicators now testing the 4k level on the market. Once Bitcoin sustained this level i believe the rally on upward trend will follow. Good luck
Whatever happens on the market, Bitcoin dominance will be also great, man. It is the number one cryptocurrency, and most people take BTC and its price as the indicator of the crypto market situation.
Dominance is one way of looking at why bitcoin is not dropping as much as the others but also a way of looking why its not moving as fast as others when going up as well.
The deal is when you want to sell you sell your lets say xvg to bitcoin and bitcoin to dollar, which means your xvg only got a sell order, your bitcoin got a buy order AND a sell order, thats why bitcoin didn't dropped too much whereas xvg dropped a lot.
When people are getting out this is the reason why bitcoin is not dropping as fast as other coins. However when buying you spend dollars to buy bitcoin and SELL your bitcoin to buy xvg. Now your bitcoin got bought but also sold whereas your xvg only got bought. It makes bitcoin not go as fast as your xvg. This logic has always applied on volatile days and will always be used no matter what.
The deal is when you want to sell you sell your lets say xvg to bitcoin and bitcoin to dollar, which means your xvg only got a sell order, your bitcoin got a buy order AND a sell order, thats why bitcoin didn't dropped too much whereas xvg dropped a lot.
When people are getting out this is the reason why bitcoin is not dropping as fast as other coins. However when buying you spend dollars to buy bitcoin and SELL your bitcoin to buy xvg. Now your bitcoin got bought but also sold whereas your xvg only got bought. It makes bitcoin not go as fast as your xvg. This logic has always applied on volatile days and will always be used no matter what.
The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD
I agree
The altcoins do not have a great use in real life, if the altcoins had practical use in real life then the dominance of bitcoin would be much smaller and the falls of prices of bitcoin would not affect much the altcoins, but the reality is that the altcoins are focused on solving the problems of the internet, nothing against this, but there are already over 2000 altcoins and more than 80% of these altcoins have the same purpose
Yes, Bitcoin remains on top of all the coins as postdd on the crypto market, it survived with all the attack on its market stability on the market. The down turn on the recent market activity last week seems ended. Yet, the market still volatile and unpredictable. Expert says.. they are still awaiting for the Capitulation on the market? On the other hand crypto market shows positive indicators now testing the 4k level on the market. Once Bitcoin sustained this level i believe the rally on upward trend will follow. Good luck
During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%.
Even though the price is really underwhelming, but the dominance and its interest are still promising for us as holders and investors also community keep making Bitcoin become more perfect with the current development which makes BTC as dominating the current market.The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold.
Bitcoin has dominated this market for so long. So I don't think that someone will just arrived and took the market by storm. And just by looking at the trading volumes either in bear or bull market, bitcoin still remains the crypto King so obviously the dominance will continue for many years, specially when institutional money enter the market next year.
The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold.
Bitcoin has dominated this market for so long. So I don't think that someone will just arrived and took the market by storm. And just by looking at the trading volumes either in bear or bull market, bitcoin still remains the crypto King so obviously the dominance will continue for many years, specially when institutional money enter the market next year.
BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway.
During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%.
It's good to see those numbers going up. As for my investments, I am still at loss but I am keeping my faith to recover from previous dip and hopefully enjoy some profit in the near future.
The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold.
BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway.
During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%.
BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway.
So it looks like BTC dominance has restabilize around the 55%
Since the dump from 6500$ (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?
However it appears previous bear market phases always had an impact on the indicator.
How do you explains this at all?
When bitcoin price drop, most altcoin price following and bitcoin dominant in market increase. I think when market recovery and altcoin price rising, bitcoin dominant will decrease and its good for market because its more healthy and give a chance for altcoin to grow
people still believe a lot in bitcoin and now I see BTC still dominates up to 53% ...
even though it is still in a market bear, people are not afraid to buy bitcoin
even though it is still in a market bear, people are not afraid to buy bitcoin
People trust Bitcoin more than even the best altcoins that are in the top-10. Therefore, BTC dominance is very high. In winter 2017, when tokens were growing fast, many guys invested and the main crypto dominance was 37-38%.
54.2% at the moment, first time I see it above 53.x%
When BTC price reached its maximum and the cryptocurrency was close to 20 thousand Bitcoin dominance was about 37%. It was explained by the high prices of the altcoins. Now, when alts are down, people prefer to deal with BTC.
54.2% at the moment, first time I see it above 53.x%
When BTC price reached its maximum and the cryptocurrency was close to 20 thousand Bitcoin dominance was about 37%. It was explained by the high prices of the altcoins. Now, when alts are down, people prefer to deal with BTC.
First time since september 2018 (I forgot to mention). BTC had 3 dumps over that period but dominace remained the same (53%). On this new dump the dominace is finally affected: 55.2% now
54.2% at the moment, first time I see it above 53.x%
When BTC price reached its maximum and the cryptocurrency was close to 20 thousand Bitcoin dominance was about 37%. It was explained by the high prices of the altcoins. Now, when alts are down, people prefer to deal with BTC.
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?
However it appears previous bear market phases always had an impact on the indicator.
How do you explains this at all?
BTC dominance has started to increase a little bit from 53% to 55%. But I think 55% is like some kind of resistance level since weeks. People just dont want to sell their altcoins anymore.
Last year Pre-bullrun it passed 60% and then plummeted to sub 35%
Ypu can check it out on CMC https://coinmarketcap.com/charts/#dominance-percentage
Ypu can check it out on CMC https://coinmarketcap.com/charts/#dominance-percentage
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