Very stable BTC dominance - page 5. | Bitcointalksearch.org

quartzz

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Quote from: rafi035 on December 06, 2018, 12:32:17 AM

stable for crypto eyes may not be possible because crypto currencies will continue to move because the trade continues and that cannot make crypto currencies unstable

The topic is specifically about the BTC dominance's stability.

It's not now at 54.7%

rafi035

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stable for crypto eyes may not be possible because crypto currencies will continue to move because the trade continues and that cannot make crypto currencies unstable

quartzz

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54.2% at the moment, first time I see it above 53.x%

maligu

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Stable bitcoin will be bad, the cryptocurrency market is growing, and long-term stability will only lead investors to lose money again, because everyone thinks this is the lowest price, but the market will continue to decline. The price of bitcoin will be stable in the next decade.

BitHodler

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Quote from: quartzz on December 03, 2018, 05:41:27 PM

I can feel that people are nervous because most people don't even take time to address the point of "BTC dominance" and straight go speculating about BTC's bright future.

People have been made thinking about how important the dominance in market cap is, while it's not important at all. Is Ethereum less functional or less popular now it has been surpassed by XRP? Nope.

All the XRP fanboys were celebrating that it went above Ethereum, but for what? Did they win anything by that? They are so dumb, that they don't even understand that XRP has surpassed Ethereum more than once.

By the time Ethereum starts pumping again, it will greatly outperform XRP, which is usually underperforming when the rest of the market goes up. Years ago no one even cared about market caps, and now it's "law".

pinoyden

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Quote from: virasog on December 03, 2018, 02:02:43 AM

Quote from: b3j0 on November 27, 2018, 06:06:08 PM

lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin.

Well, then bitcoin price drops by 1 to 2 Percent, the altcoin prices dip by 10 to 20 Percent. This means that bitcoin Dominance remains the same and currently it is above 50 percent for last many months. This is the reason we don't see any dip on BTC Dominance despite of decrease in prices.

The decrease of the price is also termed as dip . bitcoin do still dominating compared to other cryptos because we can see that its value is still leading the charts despite the major dip that it experienced .

However , there were still few countries that didnt legalize the use of cryptos and that makes the dominance of bitcoin became less and lesser .

Overall we cant say that bitcoin is in stable dominance because there are also investors and hodlers that constatly sold their coins and that makes the price to go down in which it can still cause fluctuations or unstability .

nl247

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Quote from: CoolWave on December 03, 2018, 02:10:21 AM

If developing countries happen to get a regulation of the cryptocurrencies(they have to) then this will lead to second phase bull market . I suggest people to stay along with crypto as it is unstoppable . Be it legal or illegal, people will use it . Actually , the countries making it illegal are stupid as people would use it irrespective of the legal involvement . After every bear, there is a bull waiting .

Regulations is obviously going to end up bringing a huge bounce for this market, both in value and in maturity. The stable dominance is just something that is temporary anyway, because with the way things are going, I will in no doubt believe that this market obviously is something that will grow more than this over time, and a time will come when there will be a thug of competitive war among the altcoins for survival when it comes to that. Any country that is making it illegal probably have some skeletons in their wardrobe, and they simply feel it will get them a lot exposed, but do they really have much choice in the long run? I don't think so!

serizawa

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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

eaglewhite80

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Quote from: quartzz on December 03, 2018, 05:41:27 PM

I can feel that people are nervous because most people don't even take time to address the point of "BTC dominance" and straight go speculating about BTC's bright future.

It is a normal thing to expect people to be nervous at times like this. It is indeed a trial time for those who possibly entered the market late last year and obviously, there is always going to be that need to keep looking for ways to at least make it a lot easier when it comes to trying to put their mind in check. BTC dominance at this stage is not a bad thing nor a good thing per se, it is something that just happens based on the market movement, and flow of funds from bitcoin to altcoins to fiat and vice versa. So, in a way, it is not like BTC dominance being stable now means anything substantial.

cluit

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Quote from: b3j0 on November 27, 2018, 06:06:08 PM

lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin.

I doubt this can continue for a long period of time, bitcoin is the biggest coin and it will always stay at number one for a long time unless something crazy happens but even with that in mind it is impossible to assume bitcoin dominance can be this high while everything else falls, whenever the prices go up it goes up higher for altcoins whereas it doesn't go up as fast for bitcoin.

For the biggest example bitcoin is around 4 thousand dollars right now and if it goes 5 times higher it will be at its all time high, whereas ethereum needs to go 15 times more than its price to be the all time high, nano needs to be 34 times higher to be all time high, there are ton of altcoins like that. Which means when the bull comes bitcoin breaks the all time high price followed by other coins doing the same, bitcoin dominance will fall drastically even tho price goes up.

quartzz

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I can feel that people are nervous because most people don't even take time to address the point of "BTC dominance" and straight go speculating about BTC's bright future.

CoolWave

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If developing countries happen to get a regulation of the cryptocurrencies(they have to) then this will lead to second phase bull market . I suggest people to stay along with crypto as it is unstoppable . Be it legal or illegal, people will use it . Actually , the countries making it illegal are stupid as people would use it irrespective of the legal involvement . After every bear, there is a bull waiting .

virasog

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Quote from: b3j0 on November 27, 2018, 06:06:08 PM

lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin.

Well, then bitcoin price drops by 1 to 2 Percent, the altcoin prices dip by 10 to 20 Percent. This means that bitcoin Dominance remains the same and currently it is above 50 percent for last many months. This is the reason we don't see any dip on BTC Dominance despite of decrease in prices.

EcoChavCrypto

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The dominance will keep going down as the time passes, there are more and more altcoins being created and listed on coinmarketcap on a daily basis, so it should go down.
The marketcap gets distributed equally, and that is the reason of why in the end, bitcoin will lose dominance.

But it will all come back again as soon as another bullrun starts.

vixcious

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Quote from: quartzz on November 22, 2018, 09:15:36 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?

It was only a small stable period and now it is fluctuating again. Volatility is the nature of the crypto market and it can not go away. Once it's stabilized, it's a sign that it's going to have a big turning point.

marcbitcoins

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Its obvious that Bitcoin is not dominating because it was continue to decline together with the Altcoins therefore it is to early to conclude if the price is slightly bouncing back that it was not a dominance but rather just a trap so better observed very well the market before making a conclusion.

Bitcoinnation

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Quote from: Slow death on November 23, 2018, 04:51:35 PM

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

Actually some do have real life applications... Take an example of Ethereum. it has proved to be so useful for startups unlike bitcoin. Bitcoins only application is payments and maybe trading.
The only reason BTC is so dorminant is because it is the Godfather of cryptocurrencies.

Vinz1978

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This year has proven how cryptoenthusiats recognize bitcoin. With its price had fallen already by $15,000 from last year's price, investors are still accumulating their bitcoin by buying more and more. Its low price might be too attractive to investors believing its price will go up again.

bettercrypto

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Even with the downward trend last November, bitcoin has been very stable at the most recognize cryptocurrency holding the majority of the total market cap. This would reflect to the trust and confidence investors give to bitcoin. They probably believe to the future of bitcoin.

quartzz

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Quote from: erickbarkley29 on December 02, 2018, 07:03:07 AM

can it really be called stable even if it is fluctuating? do you mean that dominance as it has set the trend for the other coins? i just want to understand and ease my confusion.

Bitcoin went from 6500 to 5500
Then 5500 to 4200
Then 4200 to 3700
Since september BTC dominance remained the same (53%) which means BTC and the whole market fell proportionnaly which wasn't the case in previous dump phases. I wonder why and what that means.

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