Topic: Why is Bitcoin market dominance rising fast? - page 5. (Read 1570 times)

They say Bitcoin dominance is at least 20% higher in reality. A number of participants in the cryptocurrency industry believe that it is necessary to indicate the “real” share of bitcoin. This indicator is 90-95% and is obtained due to the exclusion from the calculation of stable coins and altcoins with low liquidity. This is explained by the fact that stablecoins are not real cryptocurrencies.

A sharp bull run has started now and many of the altcoins have gone up by 5% to 10% against Bitcoin. Ethereum has once again breached the 0.020 BTC level, after reaching a low of 0.016 BTC a few days back. I am not sure about the reason behind this sudden jump, but it looks like this time the altcoin spike is going to stay. Even coins such as TRX and XMR are going up after the recent bloodbaths.

It's no secret that Bitcoin is the world's most popular cryptocurrency. Everyone who's joined crypto land, have heard of Bitcoin one way or another. Given that it's been the first cryptocurrency ever created, it has gathered a large amount of people worldwide that trust it. After all, Bitcoin is the most secure cryptocurrency today. Because of this, we're seeing people buying Bitcoin at a greater level than altcoins. If the trend continues, then there's a possibility that Bitcoin would reach over 90% of dominance across the whole crypto market. No matter how superior other altcoins are in terms of features and technology, they can't seen to gain massive mainstream adoption like Bitcoin.

The only cryptocurrency which seems to be closer to Bitcoin in terms of market dominance is Ethereum. But even Ethereum has struggled to gain the level of popularity Bitcoin has, because it's not as old as the pioneer cryptocurrency. The more Bitcoin's price goes up over time, while altcoins are on a constant decline, the greater the market dominance of Bitcoin will be. There's no other way around it. Hopefully, by the next bull market, altcoins would rise once more in order to "balance" Bitcoin's dominance across the market. I believe that a market dominance of 50% for Bitcoin seems more fair than 90%, in my own opinion.

Nonetheless, time will tell us whenever Bitcoin will keep up dominating the whole crypto market, or a new contender takes its place. As of now, no other altcoin has proven to be as prominent as Bitcoin is, but anything could happen in the unpredictable world of crypto. Just my opinion

Bitcoin dominance is now around 70% of the total market and this is a clear indication that Bitcoin awareness creation is yielding results. Now, Bitcoin has been the main topic of discussion whenever cryptocurrency is been looked at by any organization or government. The community of Bitcoin will continue to grow as cryptocurrency gain more awareness.

Is that a normal do not compare bitcoin into altcoins because there a lot pf altcoins become zero value due to not supported of the community, tha is own opinion that's why some altcoins are going dump.
But if look at coun market the top list altcoins are still have possiblity to increase their price if bitcoin continue to increase hit the another ATH. Nothing and nothing to wonder why bitcoin is dominat in the market because people are strongly support bitcoin.

Not only a good investment but has benefits in various aspects.
Like remittance purposes, the transaction fees are lower than the traditional method and definitely faster.
Aside from that, businesses are discovering the impact of blockchain technology within their operations, saving them huge amount of money.
And in this regard, the bitcoin adoption is directly influenced by the expanding usage of crypto and blockchain technology as it is the major coin involved in this whole system.

That's certainly true, mate. The biggest rise of altcoins was largely attributed to ICOs themselves. Ethereum was one of the altcoins on the market which benefited the most from ICO gains. It seems that 2017 was the golden year of ICOs bringing a wealth of investors like never before. By that time, Bitcoin's market dominance was pretty low compared to previous years. Once the SEC decided to crackdown on ICOs, things have changed drastically for the crypto industry. Now, the ICO trend is a thing of the past greatly diminishing the market dominance of popular alts like Ethereum and Litecoin. It's good to see Bitcoin gain traction once more, since it's the original cryptocurrency that started it all.

Before the crypto craze, Bitcoin's dominance was well above 80%. We're starting to see the same situation repeating itself where Bitcoin is rising back towards its original levels in market dominance. Sooner or later, Bitcoin will gain 90% through 95% of the whole market share leaving other altcoins in the dust. I guess that people are realizing that most altcoins don't have real use cases, selling them in exchange for BTC. In the future, we may be left with a few altcoins while Bitcoin remains as the world's largest cryptocurrency by market cap.

Nonetheless, I wouldn't worry too much about Bitcoin's market dominance rising fast. After all, Bitcoin is the reserve currency of crypto where many altcoins depend on it to succeed. It's impressive to see how far Bitcoin has reached since its inception back in 2009. Hopefully, it'll gain massive adoption within the mainstream world as it improves its blockchain network to handle millions of TPS. Just my thoughts

Due to the numerous people who are supporting bitcoin, we cannot deny the fact that it easily grows up. Another thing is the scarce supply of bitcoin help it also to grow faster. There are many times that bitcoin crashed down but it always goes up because it is volatile. That is why I can say that bitcoin is king of cryptocurrency, many people specially whales are buying it.

They did not forget to invest in altcoin but when investing in altcoin, they realized that the liquidity was really too poor, altcoin market lacked too many investors when whales continuously created panic selling, most of the whales' movements only work in relation to bitcoin, whales pump, whales create a trend for bitcoin to go up. For investors like us, what we do can only follow the trend, fighting whales is not a good idea when they have too much money to play with us, and gradually a fixed trend was built, establishing dominance

The main cause of growth is prevalence. Bitcoin was the first cryptocurrency, many bought bitcoins around the world. Because of this, it turned out that Bitcoin controls the market and sets a price, while few people use altcoins in comparison with Bitcoin, because of this, the price of many altcoins only falls.

Bitcoin got picked as the #1 top coin to watch for this week, read more why:

https://coincodex.com/article/5019/top-3-coins-to-watch-september-9-september-15-2019/

Agreed, that's really nicely put!

More investors are focusing on Bitcoins that they forget to invest in altcoins already. Because Bitcoin is very popular, they are only focusing on buying on it rather than investing it on other altcoins and as a result it leads to increase in market dominance. Altcoins are dying slowly. Low liquidity on exchanges and a lot of them doesn't have any updates on their development. Only the strong altcoins will survive in this harsh market.

Giving bitcoin dominance 70% is an understatement and at that left for me I will say bitcoin still hold 100% dominance on all other coins in the crypto market due to the fact that all altcoins depend on bitcoin to determined their price but bitcoin is standing alone as the part finder and the king of all crypto.

One of the moments that had a great influence on Bitcoin dominance was its growth after the deepest fall of 2018. people simply understood that even the best tokens cannot ever compete with BTC. Now, the first cryptocurrency dominance is about 70% of the entire cryptocurrency market capitalization. However, in the future, it will begin to decline. Ultimately, BTC dominance will return to the range of 50-60%.

actually bitcoin is currently very stable, when it goes down it doesn't go below $ 9K and will bounce back to around $ 13K. and the influence that occurs with bitcoin can ensure that it will affect all altcoins, especially with altcoin currently running ico. this indicates the dominance and superpower of bitcoin in crypto.

Lots of solid project out there are currently down in Satoshi value, the dollar value tend to increase only,  investors are kind of panicking thereby holding up bitcoin only, such situations increase the dominance of bitcoin

The dominance of bitcoin will keep on increasing, because there are lots of scam project that came out as at the last bull season which was just meant to get money from investors, 

Once such project dies off the team cash out in bitcoin, we all aware of certain amount of projects that had died off,  as such the dominance of altcoins tend to decrease while dominance of bitcoin increases

It is very interesting to watch who will be the leader in the cryptocurrency market, but Bitcoin today is a constant leader and dominant, especially considering the research data of authoritative analysts that the Bitcoin market dominance index is more than 60%.  The studies were conducted by analyzing the data among all cryptocurrencies on liquidity in the market and the decrease in the value of an asset during the mass sale of coins.

I think this is because bitcoin is the main coin of cryptocurrency and may also be the influence of the total supply while demand is very high so that it can affect the price of rising and falling bitcoin will be very fast.

It will eventually go back to the pre-2017 levels (i.e around 85%). Back in 2017, the ICOs took the altcoin market share from 15% to around 60%. Now this has been reduced to somewhere around 30% (including the Bitcoin forks and the stablecoins). Very few of the ICOs have been successful and even fewer have maintained the momentum over the years. So you can completely remove whatever jump the alts got from the ICOs.

My guess is that by the time the market cap reaches the ATH levels that we saw in December 2017 (i.e close to $1 trillion), the Bitcoin dominance will be somewhere around 85%. That means that Bitcoin itself will be having a market cap of $750 billion to $850 billion, resulting in an exchange rate of $40,000 to $50,000 per coin. We can expect this in the next 12 to 18 months.