simply because the number you have been looking at has never been "dominance" it was the ratio of bitcoin supply and the sum of supply of 3000+ altcoins. in 2017 alone we saw about 1200-1500 new shitcoins be created each with ridiculously large supplies. over the past 2 years a lot of them died and as they died they took their useless supply out of the market and that meant the ratio that went up in 2017 slowly came back to normal.
there was also altcoins with gigantic supplies that got pumped, there were tons of bitcoin copies that created about 18 million * whatever price they had market cap in an instant and as they all continued getting dumped and/or dying their market caps came back to more realistic prices hence the total market cap normalized and finally that ratio which you call dominance came back to a more realistic level.
Topic: Why is Bitcoin market dominance rising fast? - page 11. (Read 1570 times)
Its time for bitcoin.after a long bear market, that was going to happen.other reason is there are no alts for invest i guess.xrp, monero etc are all stable and nobody want to take a risk until there is a light to bull.bnb is trying to hold its positon with ieo and it works and gain serious volume.
The reason why bitcoin dominance is rising fast is simple.
1) The news of Pompliano investing 50% of his wealth into bitcoin.
2) The altcoin market is highly manipulated and bitcoin is the most used and safe haven cryptocurrency.
3) The effect of the upcoming bitcoin halving woos a lot of new investors and experienced investors.
1) The news of Pompliano investing 50% of his wealth into bitcoin.
2) The altcoin market is highly manipulated and bitcoin is the most used and safe haven cryptocurrency.
3) The effect of the upcoming bitcoin halving woos a lot of new investors and experienced investors.
Close..
the major alt coins with the exception of Xmr all betrayed their promise of Asic resistant al-gore-rythms.
So when asic builders attacked with asics gpu miners were hurt big time.
hero member
Activity: 2786
Merit: 657
Want top-notch marketing for your project, Hire me
The reason why bitcoin dominance is rising fast is simple.
1) The news of Pompliano investing 50% of his wealth into bitcoin.
2) The altcoin market is highly manipulated and bitcoin is the most used and safe haven cryptocurrency.
3) The effect of the upcoming bitcoin halving woos a lot of new investors and experienced investors.
1) The news of Pompliano investing 50% of his wealth into bitcoin.
2) The altcoin market is highly manipulated and bitcoin is the most used and safe haven cryptocurrency.
3) The effect of the upcoming bitcoin halving woos a lot of new investors and experienced investors.
Due to insufficient liquidity, most alts' marketcaps are just illusions.
It is not Bitcoin's dominance rising fast but alts' fake marketcaps being debunked.
Besides: I don't think Bitcoin's own liquidity is sufficient right now compared to other assets around the world.
It is not Bitcoin's dominance rising fast but alts' fake marketcaps being debunked.
Besides: I don't think Bitcoin's own liquidity is sufficient right now compared to other assets around the world.
For this year performance, i believe that more Altcoin holders are now moving to Bitcoin that is why the dominance of Bitcoin reach of up to 70% for this year. Bitcoin is the most trusted crypto therefore no wonder of why this is happening now.
Bitcoin market dominance for fast rising because of it's popularity and value. Whlie time had past,many people engage in crypto and they will attract with bitcoins value and they saw that many people using and patronizing it that's why demand in bitcoin keep on increasing and also some of people and investors are selling their altcoins for bitcoin. Which is the good sign for bitcoin to keep on rising.
Since bitcoin is the most expensive crypto coin nowadays,investors would surely crave for it that's why they always find ways to buy bitcoin whenever its price gets dumped.And even some of here are selling their altcoins just to buy bitcoins to hodl for a longer time.So bitcoin market will keeps on dominating while altcoins are slowly losing their value. 
I give a little explanation to explain why Bitcoin dominates the crypto market.
Everytime Bitcoin prices go up, altcoin will go down. Because it takes time to adjust to the value of Bitcoin. And some traders also sell their Altcoins to take advantage of the price of Bitcoin, and set aside some of their altcoins just in case. The biggest factor why Bitcoin dominates the market is because more pairs of Altcoin to Bitcoin than other pairs to Altcoin.
Everytime Bitcoin prices go up, altcoin will go down. Because it takes time to adjust to the value of Bitcoin. And some traders also sell their Altcoins to take advantage of the price of Bitcoin, and set aside some of their altcoins just in case. The biggest factor why Bitcoin dominates the market is because more pairs of Altcoin to Bitcoin than other pairs to Altcoin.
It's been very weird since the recent bull market that rose BTC to 10,000 USD. Usually, in previously bull markets, we've seen growth throughout the markets when BTC rose, but this time BTC dominance has been stronger than ever and other coins barely rose or remained normal.
I'd like to see what happens in the future. Will, there be even more BTC dominance, or will altcoins catch up?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this? 
The lightning network has been great for growth, it's really helped lower costs and make microtransactions on the network much more affordable. I personally used to use ETH for smaller transactions, but I've swapped over to using BTC for everything again.I'd like to see what happens in the future. Will, there be even more BTC dominance, or will altcoins catch up?
Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market.
Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?
Perhaps people withdraw their money from altcoins in favor of Bitcoin. I think that's a good sign. Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?
Bitcoin market dominance for fast rising because of it's popularity and value. Whlie time had past,many people engage in crypto and they will attract with bitcoins value and they saw that many people using and patronizing it that's why demand in bitcoin keep on increasing and also some of people and investors are selling their altcoins for bitcoin. Which is the good sign for bitcoin to keep on rising.
Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market.
Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?
There are several possible explanations about why this is happening, one is if there is an increase in the number of cryptocurrency users around the world most likely the first crypto they will ever buy will be bitcoin, this happened to me and I am sure that I am not an exception, but as they learn more about the market they will decide to diversify their holdings and will buy altcoins making the market dominance of bitcoin to go down. Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?
Another explanation is simply that many of the altcoins in the market were not worth their price in bitcoin and that is why they have been suffering a long decline, and finally it is also possible that many investors seeing that bitcoin showed signs of a bull run decided to sell their altcoin holdings and this caused the general uptrend in the market dominance of bitcoin.
Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market.
Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?
Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?
I think there is alot more awareness of cryptocurrencies today than there's ever been before. People are slowly starting to catch on and it couldn't be at a more perfect time.
Bitcoin is still in it's infancy stages, I mean, hell, we haven't even recieved any official guidance besides from the IRS, and even they are being obscure about a few things, because it is a recently new sector within finance.
I don't think that altcoins will become independent from Bitcoins until there is more regulatory guidance issued.
People are kind of playing it safe. Bitcoin is the foundation of today's modern cryptocurrencies, so if it rises or falls, others coins will follow concordantly. At least that's how it has been up to now.
In given time, hopefully all other coins will become Stabley independent. I see it as an advantage for now. It depends on how you look at the situation, whereas others may see discord, some will see an opportunity.
Word to the wise!
There are too many altcoins, so its normal for some to die. Doubt they will all die, that is also unlikely.
Bitcoin has always been dominant, it has always moved the most money, and its also the most busy blockchain (and the largest).
Perhaps some people are discovering, perhaps some people finally found out it wasn't a joke.
Lightning Network is seeking to fill the niche case of the little transaction that needs to go thru instantly, the infamous coffee buy. this is still yet to be seen in actual widespread practice, but ignoring this niche, for everything else Bitcoin is doing a superb job replacing wire transfers and all non instant forms of payment.
If you can wait a day, you can pay the minimum fee of 1 sat/B, and i can't wait until they let us do 0.1 which is supposedly coming.
Paying more than 1 dollar is silly, don't let the stupid wallets decide for you what your transaction is worth. If you can wait a day don't bother with anything above 1 sat/B, those often go thru in like 1 hour. If you need it in tens of minutes probably 2 sat/B will do it. Anything else is the wallets mis-guessing things, and feedback looping themselves.
Bitcoin has always been dominant, it has always moved the most money, and its also the most busy blockchain (and the largest).
Perhaps some people are discovering, perhaps some people finally found out it wasn't a joke.
Lightning Network is seeking to fill the niche case of the little transaction that needs to go thru instantly, the infamous coffee buy. this is still yet to be seen in actual widespread practice, but ignoring this niche, for everything else Bitcoin is doing a superb job replacing wire transfers and all non instant forms of payment.
If you can wait a day, you can pay the minimum fee of 1 sat/B, and i can't wait until they let us do 0.1 which is supposedly coming.
Paying more than 1 dollar is silly, don't let the stupid wallets decide for you what your transaction is worth. If you can wait a day don't bother with anything above 1 sat/B, those often go thru in like 1 hour. If you need it in tens of minutes probably 2 sat/B will do it. Anything else is the wallets mis-guessing things, and feedback looping themselves.
Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market.
Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?
Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?
Jump to: