Topic: what do you think about bitcoin's dominance over whole crypto market? (Read 256 times)
March 11, 2018, 12:16:40 AM
Definitely bitcoin is the number one cryptocurrency in the whole crypto market since it is the first to be recognized around the world. And also its success had already proven it that bitcoin over the past few years and now it is still growing. This is why that other cryptocurrency depend on the bitoin price and if were going to talk about the percentage of the bitcoin in the market still the bitcoin has it dominated. The rest percentage of crypto currency market goes to alt coins and these are composed of variety of altcoins vs the independent bitcoin. But the question is that what happen to bitcoin if the percentage will drop? Maybe the answer is that some of the bitcoin holders will invest in altcoins for them to earn especially in the upbringing altcoin with promising project to profit and will get their dividend. But for now even if the bitcoin percentage will drop nothing will change on my beliefs on bitcoin. In short I am a bitcoin believer.
March 11, 2018, 12:10:48 AM
I am fresh in the crypto market but for me the dominance of bitcoin among any other crypto currency is because of the volume of its existence in the market, it has the heaviest supporter in the market that makes it dominant among any others. But whatever or wherever the market goes, as long people continue to support cryptoworld, no matter what the rank of bitcoin is, they will all continue to exist and dominates, so we will support it to continue soaring in our community...
March 10, 2018, 11:55:32 PM
As the first crypto currency that already has a name in the hearts of fans, do not be surprised if bitcoin controls other crypto currencies.
Society of course have put high trust to bitcoin which have proven its existence.
March 10, 2018, 11:44:02 PM
1. over 40% now, do you think this percentage will keep going?
2. what will happen if % drops, is this a positive or negative sign for you?
Bitcoin is currently dominating the Crypto market, but there are also other currencies that are nearly as good as Bitcoin and are of interest to the likes of Ethereum or ICO. I think the dominance of Bitcoin will continue until there is a significant change. 2. what will happen if % drops, is this a positive or negative sign for you?
March 10, 2018, 11:40:41 PM
1. over 40% now, do you think this percentage will keep going?
2. what will happen if % drops, is this a positive or negative sign for you?
2. what will happen if % drops, is this a positive or negative sign for you?
This is normal it happens every time so better relax and do not panic it will back again to normal. The positive side if the bitcoin value drops the opportunity to bought another bitcoin is ther then if the value raise again then sell that also a positive sign so there is no negative sign there its win win situation, as long as the value will not reached zero.
March 10, 2018, 11:14:47 PM
1. over 40% now, do you think this percentage will keep going?
2. what will happen if % drops, is this a positive or negative sign for you?
2. what will happen if % drops, is this a positive or negative sign for you?
It can go up and down depending on the trend in the market, the hype, the dump and the pump of each crypto coin will affect the dominance of bitcoin, but it doesn’t bother me at all. For someone who’s bet are not on the daily market trend, but on the future insight. Bitcoin have more to offer than its downfall. New coins is normally created and others may step-up from bottom to top, unluckily for them bitcoin can’t be stop and can’t be replace without a fight.
March 10, 2018, 11:09:09 PM
1. over 40% now, do you think this percentage will keep going?
2. what will happen if % drops, is this a positive or negative sign for you?
That's fine, the crypto market should have a king to lead the altcoins to grow. Bitcoin is a king and is doing a great job of it.2. what will happen if % drops, is this a positive or negative sign for you?
As bitcoin rises, both markets are up and now their prices are five times higher than they were at the beginning of 2017 and the crypto market is up five times the value. That has made many people curious and invest in bitcoin. That's a positive sign for me.
March 10, 2018, 11:02:16 PM
BTC is always the first place to encrypt money. BTC has the best developers. If BTC dies, then other crypto currencies will die.
I agree with your point of view, but I don't think Bitcoin will die. It will always dominate the market, its price fluctuations, but also the entire market fluctuations. March 10, 2018, 10:51:58 PM
Bitcoin as the first cryptocurrency, affecting the entire cryptocurrency is normal to me. Moreover, many cryptocurrencies are based on Bitcoin. This is why Bitcoin plays a role in guiding the cryptocurrency market.
March 10, 2018, 10:35:46 PM
thank you all for sharing your thought, I see most of you think that dominance of bitcoin over cryptomarket is not that imoportant, and there's strong faith in bitcoin
March 10, 2018, 11:21:35 AM
1. over 40% now, do you think this percentage will keep going?
2. what will happen if % drops, is this a positive or negative sign for you?
2. what will happen if % drops, is this a positive or negative sign for you?
I think that this % will only increase. Many of the current bitcoin investors are moving to alt coins as well but we should not forget that a lot of new investors are starting with bitcoins as well. I think 90 5 of the people who are entering the crypto market are starting with bitcoin investment only. I will be happy if this dominance increases as most of the alt coins have no value or uniqueness to add. They are just having a different name and trying to create hype with marketing so as to benefit from the craze of bitcoins.
March 10, 2018, 10:18:07 AM
I think bitcoin dominance long time in crytocurrency market! yet to bitcoin is most valuable cryptocoin in cryptocurrency markets and most used cryptocurrency also! so I suppose that bitcoin dominance over cryptocurrency market for long-term.
March 10, 2018, 10:06:22 AM
As to the trends you're seeing now, bitcoin's gonna get even less of a market share because of all these ICOs based on the ERC protocol. It's gonna remain strong though, as adoption becomes more widespread.
March 10, 2018, 10:03:00 AM
1) We will eclipse 50% at some point this year, don't know if that will be now or later on
2) If it drops that is okay and expected moving ahead. Last year dominance was 65% towards years end, this year I don't expect higher than 55%, and every year moving forward I believe dominance will slip slightly. Who knows it could never go under 25%, but yet somehow I doubt that.
2) If it drops that is okay and expected moving ahead. Last year dominance was 65% towards years end, this year I don't expect higher than 55%, and every year moving forward I believe dominance will slip slightly. Who knows it could never go under 25%, but yet somehow I doubt that.
I don't think so. Ethereum has been going sideways for a while, but once it resumes it's upward trend, it will hold down bitcoin dominance.
March 10, 2018, 08:53:06 AM
BTC will always dominate the crypto market, but the percentage it has in the market may not really matter in the long run since even if the percentage decreases doesn't mean that the BTC value will drop. it only signifies the development of other cryptos.
March 10, 2018, 08:52:33 AM
1. over 40% now, do you think this percentage will keep going?
2. what will happen if % drops, is this a positive or negative sign for you?
2. what will happen if % drops, is this a positive or negative sign for you?
only the altcoin pumpers care and advertise the market cap and call it "dominance". and this started with the biggest premine altcoin of our time called Ethereum. they premined it and then pumped it to get the first position not they are abusing market capitalization to say they are "number 2" (pun intended)
nobody who matters, cares about this so called "dominance" because they understand that market capitalization is completely meaningless and is this way because of thousands of shitcoins and many high value shitcoins among the "top 10".
March 10, 2018, 08:45:48 AM
1. over 40% now, do you think this percentage will keep going?
Yes it will continue because few altcoins have applications in real life and are not used as a means of payments, if wallets like blockchain.info and so many others ceit many altcoins then that domain could be reduced, but this will not happen so soon, if bitcoin become faster and cheaper will only increase their dominance
2. what will happen if % drops, is this a positive or negative sign for you?
this is negative because it means that many people will be using altcoins that are centralized... imagine if many people use some completely anonymous altcoin? you should already imagine that governments would be worried and could persuade the creator of altcoin.
March 10, 2018, 08:42:02 AM
Obviously any drop in the BTC dominance would not be good for the bitcoin. Its negative thing to happen. Somehow the dominance must keep up above 30% so that it can give the BTC top #1 position all the time. 
Nonsense. Market cap dominance has always been a noob metric, and this thread once again confirms that. People overlook the important fact that this 'battle' is something Bitcoin can only lose in the long run. It's currently 1550 altcoins vs Bitcoin, and when you have shitcoins popping up every day, ICO's, forks instantly gaining $20-$30 billion market caps, etc, things will only get worse.
Look at how many shitcoins occupy a higher rank; https://coinmarketcap.com/coins/views/market-cap-by-total-supply/
It says enough. It's an unfair battle that has not even one grain of truth to it. If we purely focus on market share, Bitcoin is still is the main currency, and that by far, and this is something that will likely never change. While noobs continue to focus on market cap, those with a functioning brain focus on market share.
March 10, 2018, 08:40:38 AM
It shows that there are emerging cryptocurrency out there that can rival with bitcoin someday. And we have to admit that bitcoin still have lots of problems that needs to be solved. I think it is good because it shows that cryptocurrency is alive and competition is good for better service. It drives the crypto world to keep on innovating.
I would not worry if bitcoin dominance drops or increases. If bitcoin drops dominance, I will just trade one crypto to another.
I would not worry if bitcoin dominance drops or increases. If bitcoin drops dominance, I will just trade one crypto to another.
March 10, 2018, 08:38:41 AM
bitcoin's dominance over the whole crypto market is 100% and if i wanted to be overly generous i would say it is 98%.
and this "dominance" is all the real merchant adoption that bitcoin has but none of the other altcoins have. i put that 2% out of my generosity and for fairness because there are some usage for some altcoins like litecoin and they had some real adoption too but very small.
and this "dominance" is all the real merchant adoption that bitcoin has but none of the other altcoins have. i put that 2% out of my generosity and for fairness because there are some usage for some altcoins like litecoin and they had some real adoption too but very small.
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