Topic: Why is Bitcoin market dominance rising fast? - page 4. (Read 1570 times)

It's the demand of BTC that makes it this dominance, however, I see it's not a good thing since the demand of BTC has reduce the demand of altcoins.
when the market is good, meaning the overall market, btc dominance is just around 50% and less, but since the market is bad now, people are throwing their money to btc as they know even if btc will fall it will not fall that hard compared to what will happen to altcoins.

Quantity is the reason.Bitcoin is just one and only bitcoin while there are thousands of altcoins and investors are spread around them so no dominance and huge number of holders are there for a specific altcoins.While bitcoin is just one strong coin that's why there are many user so bigger dominance

altcoin bag holders have been waiting for the rise for a long time. they keep changing that "month" when the rises are supposed to come every month or two for nearly two years and all the time their bags are losing value consistently each month.
what they don't realize is that altcoin pumps only happen in coins that are already dumped not those that they are bag holding which are still in pumped state.

Its normal for bitcoin to be that dominant for a stroing long and consistent phase.Bitcoin is the center of cryptocurrency now and thats the reason why bitcoin dominance is really big compared to alt bitcoin is the most known cryptocurrency in the world and every investor in the cryptoworld owns bitcoin,altcoin dominance is small because there are too many altcoins that people are buying and hoarding

Actually they are still waiting for the moment where there is an increase in October, therefore all prices are not that stable in all markets, and this is not a matter of wealth but waiting for the right moment, if you see who is more trend both have the same good trend and good, it's just that bitcoin dominates in all markets, actually it's just a matter of time for movement in all markets ...

I agree, because we know that Bitcoin and other altcoins are very flexible. My reason why Bitcoin dominating the crypto market is because Bitcoin has a huge amount of price unlike the altcoins it is way too far from the price of the Bitcoin.

2017 was just a bullish pace of bitcoin, this year is the real thing because many countries are started to adopting bitcoin, because they see the potential of the bitcoin that fiat money or banks can't give. Bitcoin give us decentralization the anonymity. and many people are investing into Bitcoin so I thin that is the reason why bitcoin is gaining price again. I think before the year ends, the bitcoin will hit 20k$.

Exactly. The volatile nature of cryptocurrency could either reflect higher or lower prices within an instant. It's normal to see Bitcoin with an extremely high market dominance, since it's the first cryptocurrency which started this craze. Altcoins will never outpace Bitcoin in the long run, as they lack the established branding and mainstream recognition Bitcoin has. Because of this, I believe that Bitcoin's market dominance will always be high no matter what. As more altcoins decline in price, Bitcoin's dominance will increase in a flash. With upcoming upgrades for the BTC blockchain, it's hoped that demand will increase like never before leading the pioneer cryptocurrency towards new ATHs in price and market cap.

By choosing the right coin (mostly Bitcoin), you'll be able to preserve your investment for a long time. Since Bitcoin is well-known to be a store of value that's censorship-resistant, it could gain the attention of institutional investors within the not-so-distant future. Given how the market has reacted lately, there's a high possibility that Bitcoin will increase towards a market dominance of over 85% soon. If you're an early adopter of the cryptocurrency, you'll benefit greatly from Bitcoin in the long run as you'll have greater spending power like never before.

Nonetheless, market dominance for Bitcoin is rising at a fast pace probably because most altcoins are becoming cheaper each day. The moment altcoins start rising, you could expect for BTC's dominance to stale or remain lower than it was some time ago. What matters is that Bitcoin will always be the #1 cryptocurrency no matter what its price will be in the future. Doing a smart decision by holding Bitcoin no matter what, will keep you safe in the long run. Just my opinion

There are many reasons for the rising of Bitcoin dominance fast

Major users are still not aware of altcoins especially new launched. And who are willing to invest in specific altcoins must have to buy Bitcoin first to make an investment.

The second important thing is more security and higher demand. Limited supply and distribution along with circulation.

The third one is more usable applications and implementation of BTC as media of exchange.

The fourth thing is the price of Bitcoin against fiat globally.

The fifth one is more transparency and security within the network.

And most important bitcoin has gained lots of trust and value for exchange.

Obviously because of the investment. The more investments, the faster cryptocurrency or any other product will grow

It is called volatile nature and the market will be fluctuative and that is called crypto market. if you want to stay in the crypto industry we need to under that how the market moves and need to predict the value and fix your trade market at the right time.

We need to choose the invest on the right coin like top listed cryptocurrencies to make the money perfectly.

Bitcoin does have a fluctuative price and the exact reason that causes the price increase is uncertain and many assumptions of each person. some say it's a big holder game. some say it's pure market demand. but certainly bitcoin easy rising easy falling. thats why some people aren't really into bitcoin trading.

- Bitcoin always creates an investment zone so safe for everyone, almost everyone knows the history and the numbers it brings, super profitable and super safe, regardless of how it declines, it can still become, fast or slow, depending on the level of collapse, in addition to a bit of manipulation, the dominance of bitcoin always increases very fast when bitcoin pumps work. But we can see a balance here, the pump is working on schedule, dominance needs to drop, create conditions for altcoins to operate

When bitcoin price drops bitcoin dominance decreases when bitcoin price increases dominance become strong most of the alt coins are btc dependence

People know it, what exactly they believe had come into reality which everyone who invested this coin seems to be profitable. Why Bitcoin sustain its market dominance? Because Bitcoin has capable of, and very influencing in the market. Has people rely to Bitcoin rather to choose among altcoins.

It is our call of what coin to choose but Bitcoin look attractive that's why investors are giving trust with, then it gradually increase the demand so fast.

They never loss if they are investing in solid altcoins which has a great potential in the future.
The thing is, bitcoin is recovering but altcoins is still bearish, so people think altcoins will die soon, it will not gonna happen as the future of crypto is bright.

They maybe very cheap now but we know how unpredictable this market is, let's always follow the strategy of the smart investors, when everyone is worried, then it's good to buy  because we will be able to get a cheap price but expect that even if you bought higher and you still hold, you'll be able to sell it soon with a profit.

There are still some wild fluctuations in price across the crypto market. With this, Bitcoin's market dominance could rise or decline a little over time. But be aware, that Bitcoin's dominance will always be higher than that of altcoins because of many obvious reasons. After all, Bitcoin is the most trusted and secure cryptocurrency worldwide. It's the first cryptocurrency it comes to mind, when joining the world of crypto. Bitcoin may be not be as efficient as other altcoins are, but it has branding recognition, and most of all, censorship-resistance like no other. Those attributes will allow Bitcoin to remain as "King of Crypto" for a very long time.

Given how prominent Bitcoin has been lately, I wouldn't be surprised if it reaches a market dominance of 99% in the future. Only then, altcoins will control 1% of the market as they become highly unattractive among people in the mainstream world. After all, most altcoins lack true usability based only on hype and speculation. The 1% of market dominance will be largely attributed to big alts like Ethereum and Litecoin. The rest will be non-existent as we know it.

Nonetheless, with so many exciting features coming along for Bitcoin, I don't see why market dominance will decline in the future. On the contrary, it'll continue to rise slowly but surely as people become more interested into the pioneer cryptocurrency. Time will tell us what Bitcoin's fate will be for sure. But it seems that Bitcoin will remain in its rightful place in the market for years to come. Just my opinion

People have realized that the only coin that has the power and the will to stage a big comeback after a huge slump is the bitcoin. Some traders have loss in many altcoins in a bid trying to hit it big in altcoin and plan growing their bitcoin, they realize they just lose it all, what is left to stay safe in cryptocurrency for most people is by investing in bitcoin.

The dominance fell by 4% during the last two weeks, from 71% to 67%. Many of the altcoins have bounced back to important support levels (ETH - BTC0.0215, XRP - 2,900 Sat, Litecoin - BTC0.0074). There is obviously a sharp increase in the demand for altcoins. But I am not sure whether the trends will stabilize or not, because the IEO/ICO market is still looking very weak.

For the past 3 months, the Bitcoin prices have remained stable at $10K level. As things stand, there are not much chances of a breakout during the next few months. Perhaps for the next phase of the bull run, we may need to wait until the block reward halving in 2020 (which is another 8 months away). If profit booking occurs before that, the we can expect BTC to go back to 4-figures and the dominance to decline.

Good point. It makes sense to put all of your money into Bitcoin, being the most widely successful cryptocurrency in the mainstream world. After all, altcoin's rise was largely attributed towards the success of ICOs. Now that this trend is a thing of the past, demand for altcoins have seriously declined since 2018. Despite this, there's still hope for altcoins with the legalization of IEOs and STOs. If successful, they could experience a massive boost in price, greatly diminishing Bitcoin's market share.

As of now, Bitcoin's market dominance sits between the range of 69% to 70%. It could rise even further if it continues to increase in price as other altcoins hit the very bottom. But this shouldn't matter since most altcoins largely depend on Bitcoin to succeed (since it's the reserve cryptocurrency of the market after all). What we need to pay attention to, is the development progress of the Bitcoin blockchain. With the introduction of the Lightning Network and several other features, Bitcoin's market dominance would increase to new ATHs as we know it. Just my opinion