Topic: Why is Bitcoin market dominance rising fast? - page 10. (Read 1570 times)

Bitcoin dominance increase because bull signal of bitcoin 🚀🚀🚀🚀🚀

Because the market is correcting. If you go back and look at the BTC dominance pre-2016 you will see ~80% dominance for BTC used to be the norm. Now that alt coin pump is dying down things are going back to the way they were pre-2016.

Only bitcoin is dominance for raising up last than two or three weeks, altcoin have down look not have big effect of bitcoin raising up.

Bitcoin is still the major coin that we have, and only payment coin that people would ever use, we have had some coins that has come out to show  and claim they are better, but people never pay much attention to them which they don’t know, the reason why they get those community that they have is because they are just using them for now, and what they are using them for is strictly investment, which is why they are getting dumped already as they no longer yield that investment profit for the again, so they are turning back to bitcoin being the core coin that has ever been established. Henceforth, bitcoin will really be gaining so much dominance than it has ever gained in the past.

Bitcoin is the ultimate cryptocurrency. The number of alt currently available is not helping the issue either many are just a token backed by only website without any use case attached to thier existence many of them will die out eventually

I think there is also where we need to look at and see how the birth of too many of shit projects are really killing the altcoins market, and we can also see the effect on this Ethereum coin because Ethereum may never rise if the people on the crypto community does not focus on few coins in the market, which problem so we really have in this world that over 2000 cryptocurrency wants to get solution too, that is why we have been having more of failed projects and then scam projects.

There is really need for the market to have few numbers of altcoins because they could be confusing really on which one to invest in, and this may actually be the greatest reason why many people now decided to just have their attention on bitcoin, and you know one thing with we humans is that we reason alike most times.

The Lightning Network will streamline altcoins that will stay and go, developers are creating new coins in the market in the hope of being an alternative for Bitcoin, in terms of fee and transactions speed, and some developers are creating new coins for their product, in the hope that people will be interested in their coin because of their products, one example is Binance Coin, which is performing pretty good in the market.

Bitcoin dominance is growing because of the full trust of the community, investors think that for the cryptocurrency to gain recognition, Bitcoin should be recognized first and foremost as the leading Cryptocurrency.

We can only speculate why. There seemed to be a manipulation to get it back bullish but I ain't complaining. More people know about bitcoin these days so even those that don't currently have any money in it and missed the last ath might be observing and noticing it picking up pace, decided to buy in.

As for alts going down, it's possible that people have started selling them for btc when they saw the prices rising again.

It is all about the network affect, because Bitcoin has been around a lot longer than most of these Alt coins. They have an advantage of being the first coin on the market and the coin that are the most widely used by customers and merchants.

A new Alt coin has to solve a problem or have a unique use case for them to take over from Bitcoin. Coins like Monero and Dash is used more by criminals, because it is more anonymous than Bitcoin for instance. 

Bitcoin is doing what it needs to do and it is doing it well, so until another coin start doing the same thing a lot better, it would retain market dominance. 

I guess, people saw that Bitcoin can recover fast after the critical fall. If you compare even its price for today with the price during the bloodbath, you will see it clearly. It cannot be said about many altcoins - most of them did not gain a lot after the fall. Thus, people are excited to buy BTC, they are inspired by the fact of his fast growth. They invest mostly in it, and it is dominating.

In my opinion, why bitcoin tends to be more popular and dominate the crypto market.  Because crypto is very identical to bitcoin, so people who are new to crypto, must have known about bitcoin.  So more or less, it also influenced the dominance of bitcoin in the crypto market

Those could be the reasons why Bitcoin's market dominance has been rising at an exponential rate. Since it's the first cryptocurrency that came into existence, it has managed to gather a lot of attention within the mainstream world. All the eyes are within Bitcoin's latest developments as it could affect or benefit other cryptocurrencies in the space. Compared with other altcoins, Bitcoin has the most level of adoption among merchants, businesses, and individuals alike. Not to mention, its development and innovation is far superior than most well-known altcoins in existence today.

With the Lightning Network, several privacy solutions, and smart contracts (with Rootstock), Bitcoin is the true leader within the crypto space. That's why it's being largely used as crypto's reserve currency on the market. As Bitcoin's market dominance grows over time, altcoin's prominence within the crypto space will be greatly diminished. Even so, there will be a few altcoins that will survive in the future because of their dedicated communities and development teams (like Ethereum, for example).

Nonetheless, time will tell us whenever Bitcoin's market dominance will stay that way, or it'll be reduced as altcoins start to rise once more. Knowing that Bitcoin has always been the leader of the crypto space, should give us more confidence to buy and hodl it for a very long time. Just my opinion

Bitcoin has been showing signs of bull run these past days  and this made all investors to shift into bitcoin making it more popular and most trusted cryptocurrency. Keeping its price on the positive side has made it dominated the crypto market while leaving altcoins behind.

There are some of my friends, they are new to crypto currency.  What they know, crypto currency is bitcoin.  When asked about other crypto currencies, they tend not to know.  That's what I mean, and maybe.  That is one factor, why bitcoin tends to be more popular and dominate the crypto market.  And of course, there are still other factors that cause.  Like, what you say

I do not understand what you mean by crypto is identical to bitcoin, bitcoin is a cryptocurrency and if we're to be unfair to altcoins, it's the one and true cryptocurrency, bitcoin gave rise to the entrance of thousands of altcoins, but majority of them turned out to be shitcoins and they lack any tangible use at the moment.
I wouldn't complain about a total bitcoin dominance and total elimination of altcoins, it will tilt everyone's attention to the bitcoin, and this will enable them to safeguard their funds and put their trust in the bitcoin as altcoins at the moment are more or less shitcoins.

My theory is, starting in 2016 and continuing with 2017, some Bitcoin whales started to accumulate shitcoins and artificially pumped them.

For nearly 1 year maybe more, people bought and sold those shitcoins from these high prices. They did it for so long, they started to think that was normal. They thought, altcoins have a solid place. They were being shilled that Bitcoin was old, outdated shitcoin. They were dumb enough to believe that shit.

When enough retards entered that trap, they finally pulled the plug.

That's how I see this. It may get bloodier. A lot.

Remember before these happened, BTC dominance was %90+.

I was surprised by this tendency a couple of months ago, since I previously thought that strong Bitcoin dominance was associated with bad times and the drop in its share with the bullish trend. However, as the current situation shows, it's not true. In 2017 people invested in Bitcoin, but they were also excited about all of the opportunities that altcoins seemed to offer. It seemed like so many various use cases were linked to specific coins. And it was also the time when some thought it was too late to invest in Bitcoin to receive big profit, but finding hidden gems in the altcoin market was still an attractive option. Some lost, some won, lots of money was invested in ICOs... And then the FUD killed it all, and alts received the biggest hit.
This time people can see that Bitcoin is still alive and can be a good investment, but altcoins that lost soo much and kind of disappointed since they did not go far with their "use cases" are not attractive anymore. So Bitcoin is growing and alts are slowly dying. I still think that the best ones will survive and maybe even flourish one day, though.

The awareness of crypto currencies for the masses has only been possible because of the introduction of Bitcoin in the market. Every new trader that enters the crypto market and wants to invest in Crypto, first looks for or has a preference for Bitcoin.
Also, so many other altcoins have been introduced in the market now that they are cutting each orther’s share. The rise and fall of the Bitcoin has become a regular among the crypto community but it still remains dominant because of the returns in yields for the investor.

Ether isn't even that cheap. Transaction fees jump to $0.30-$0.50 whenever there is a lot going on. People blame Bitcoin for slow transactions, but there have been several instances this year (and a lot back in 2017/2018) where Ether transactions were stuck in the mempool for 10 or so hours due to low fees. Imagine you trying to utilize a dapp where your transaction doesn't get through.... That sucks.

I can utilize RBF and bump the fee of my Bitcoin transaction when there is a sudden increase in transaction volume. There is no such a thing within Ether. You need some technical understanding to double spend in order to not end up waiting hours, which the far majority of the people don't have.

I'm thankful this has never had the space it needed to run on top of Bitcoin. 

The dominance is still behind bitcoin, and it is unlikely that anything will change in the near future. Of course it is unknown what will happen to Libra, but the situation is this.