Topic: Why is Bitcoin market dominance rising fast? - page 2. (Read 1570 times)

people in the crypto space are already aware when investing in altcoin will only throw away their money, because altcoin can only be profitable when there is hype after that happens then altcoin will slowly sink and die.
different from bitcoin which although it has gone down a lot but still able to rise which makes its dominance even stronger.

It looks like some sort of an altcoin fightback is going on... The dominance has declined from 71.2% that we had almost one month back, to around 66.2%. That is a 5% decline in just one month. Back in September, it looked as if the altcoins (including Ethereum and Litecoin) were inching towards a complete meltdown... but now the situation got been completely reversed. Established coins such as Ethereum have regained crucial support levels, although they are still showing a lot of weakness.

Hey... Over the last few months, bitcoin price is not performing up to the mark, as several crypto experts predicted bitcoin price will reach high by the end of 2019. So, let's see what will happen..

in my opinion because many people feel disadvantaged when investing in altcoin. because now most of altcoin cannot develop and this causes the price of altcoin to continue to decline. plus many new altcoins that appear but are scam. this all makes investors disappointed and results in the altcoin market getting weaker. and finally some new or old investors prefer to invest in bitcoin which is safer and more profitable. although also have to be patient because we do not know when bitcoin will rise.

I prefer altcoins at this point as dominance will reduce at some point and we will see alt season, just pick your alts with care as many might bite the dust before it comes.

For me, the acceptance of bitcoin is one of the reasons why some altcoin can't follow the market cup; even they are affordable some user doesn't like the idea to exchange their alt to another crypto then convert/transfer it again to bitcoin, because some altcoins are not acceptable to some sites. Also, it's very distressful because you need to pay some fee just to exchange your alt.   

You are certainly right that Bitcoin is more popular and reliable. But Altcoins are 1000 times cheaper. This is essentially their pay for the fact that they are not as reliable as Bitcoin.

Due to the high support of the people to bitcoin, there are altcoins that keep dying. There are many shitcoins in the market and it is really better if we will not buy it. People are more interested in bitcoin than in altcoins. The dominance of the bitcoin is because of the investors who keep patronizing it.

Agree. Bitcoin is much more stable than most altcoins trading on the market today. Despite the price volatility, Bitcoin has managed to remain resilient against external attacks. With an immense hashrate, it's too powerful to take down anytime soon. Bitcoin has a higher degree of development activity and innovation than many of the altcoins we know and love today. For a very good reason, investors have put their faith into Bitcoin than altcoins. The greater its market dominance is, the better it'll be for the pioneer cryptocurrency. This largely reflects the adoption of Bitcoin within the mainstream world.

However, it's not an indication that altcoins will fail in their entirety. I believe that very few altcoins will survive while the rest will go down the drain in the future. Ethereum is one of those altcoins that will continue to deliver as promised for years to come. After all, it's the second largest cryptocurrency by market cap behind Bitcoin. I'd be surprised to see a Bitcoin market dominance of over 90%, while the rest (10%) will be left to altcoins themselves.

In the event that altcoins become viral once more, you could expect Bitcoin's market dominance to decrease a little. But I don't think that Bitcoin will reach a dominance below 50% anytime soon. Only time will tell us what will happen within the crypto space as new ideas and solutions start to blossom. Bitcoin's Lightning Network will be a true game changer, but its success will largely depend on how many people use it within the mainstream world. Just my thoughts

Rising faster dominance bitcoin on crypto market because bitcoin have stable price, after lower bitcoin can back very fast to higher price, maybe just one or three days bitcoin keep hold with lower price and the can back to higher price, altcoin hard for dominance in crypto market because altcoin never have give best solution after price down we need waiting more than one year for rising up of altcoin price, maybe its why less dominance of altcoin in crypto market.

You need to be careful with Altcoins. You always need to analyze the capitalization and price of a coin, its liquidity and trading volumes. Do not rush to invest in Altcoins. First conduct a deep analysis of coin performance.

a simple reason, people try to avoid another coins .
people try to left such as 1000x gemstone or another shitcoins like that.
or another reason,
since investor think ICO /IEO or another investement project dont work well like 2016-2017, people looking back to the beginning, bitcoin.
as we see nowdays, btc dominance still strong, i dont think this trend will be end soon.

I think it's normal. People's mindset about bitcoin is that it's a more stable form of investment and is sure to stay on the market, much more reliable than those altcoins. Also, the market for altcoins is too condensed, too many altcoins are now available on the market, and the demand is distributed to these altcoins. Still though, altcoins play an important role in the market since they open the gateway to trades from alts to bitcoin. Some altcoins may not survive, but most of them will be just fine.

This was not surprising because first of all bitcoin is the pioneer of all cryptocurrencies. Also, all of these is because of the support of the people who are using bitcoin. The more people who use and support bitcoin the more it will be in demand and thus will increase its value.Unlike other crypto, bitcoin already prove its credibility ro people so there is no way for it to be not trusted.

The fact is that if you get good results from activities in the cryptocurrency market, then you need to spend a lot of time and maybe even give all your free time to trading, monitoring and analysis.  But many cryptocurrency users want to get a good income and not strain.  Under current conditions in the cryptocurrency market, it is very difficult to get easy mining.

Whenever there is a drastic fall in the altcoin marketplace at the same time you can face the price fall in the Bitcoin and vine will be increased at the same time. Please see the best price using graph available.
According to that you need to do the trading and can make the money out of it.

The dominance of Bitcoin over the market price is indeed very rapid so as to make Altcoin prices become helpless. I have read an article where it said that Altcoin would be obsolete, Because the sophistication of the features provided by Bitcoin is so great that it makes other Altcoins meaningless.

That's certainly true, mate. Not every altcoin will vanish from the market, as there are a select few altcoins which truly deserved to be mentioned. This is attributed towards their active development, innovation, and most of all, real use cases within the mainstream world. Ethereum is an altcoin which fits the bill nicely. Since Bitcoin lacks smart contract capabilities, Ethereum fills the gap whenever it's necessary. Other altcoins like Dogecoin and perhaps Litecoin, serves as speculative instruments for traders. They allow anyone to earn money easily as they're much more volatile than Bitcoin itself.

As for BTC's market dominance, it greatly depends on how altcoins' prices are within the market. If most altcoins are in a "bloodbath" while Bitcoin is on "the green side", then rest assured that BTC's market dominance will be at an all-time-high. The same thing happens vice versa. One thing for sure, is that Bitcoin's dominance will always be higher than that of altcoins no matter what. This is true because Bitcoin has been able to remain as the world's largest cryptocurrency by market cap for a long time. The only way for Bitcoin's market dominance to go to zero, is if another cryptocurrency takes its place on the market. But we all know that this is very unlikely to happen within the future.

Nonetheless, I believe that investors will continue to find Bitcoin as a more appealing option than altcoins themselves for a very good reason. The stability and security of the pioneer cryptocurrency has made the headlines within the mainstream world. Since it's the first cryptocurrency it comes to attention to any newcomer into crypto, it's no wonder why it's extremely popular nowadays. Just my thoughts

When someone introduces crypto currency to the other person and they have heard crypto the first thing that will come to their mind is the bitcoin. So, no wonder that bitcoin will be the number one and dominates the whole crypto market. Bitcoin has many investors and has a good price in the market.

This happening is not normal but with the continuous dominance of bitcoin the other currencies are struggling and some are dying or the team members are leaving the project.

This year, the bitcoin dominance is very high. There is only one reason for it, the big whales are supporting bitcoin compare to other currencies out there therefore the alt-coins were left behind. Let's see if it will continue or other big investors will favor to alt-coins this coming 2020.