Dont make false promises about the dominance that bitcoin has, i dont know why it has been decreasing that much during the last few days.
it is below 42% at the moment, this is a very critical situation, i have never seen this kind of situation.
But the price is going down right now, maybe that is the reason of why the dominance is so low..
All the other coins are in red too, so if the domination is going down too, there might be an explanation. Maybe everybody is now switching to other altcoins that are having lower fees
Topic: Will Bitcoin's dominance stay above 50%? (Read 393 times)
Bitcoin based on demand and supply , need long time to be main player.
remember old players can use them bitcoin to stop bitcoin and make more profits from bitcoin.
remember old players can use them bitcoin to stop bitcoin and make more profits from bitcoin.
Bitcoin is the leader now and may dominate the market with more than 50% market cap in short term. But in longer term, its market share will very likely drop below 50% due to the emerging alt coins.
Btc will still dominated the market, most of the investors now is investing in alt coins because the price moves so fast when they finish they will be back to btc, no matter what btc still play important rules to trading because all of the coin can be traded using btc, and btc transactions volume is very huge so btc will keep on dominating the market just wait until the alt coin stable and we will see btc dominating again
BTC is still the crypto. 
With so many coins obtaining a >$1bn marketcap now (29 at time of writing) I see that BTC's dominance is at 50.0%, the other major coins have built up very quickly in the past few weeks and it looks like billions are pouring into different projects in the crypto world, to coins that provide specific solutions rather than being a 'one coin for all uses'.
If this continues I can see Bitcoin eventually equally sharing the market with other niche coins, many have predicted in the past the death of altcoins but they help strengthen the economy and trust in them is now building very fast. I think the time they stop reacting to BTC price movements so drastically is nearly here.
What do you think about the future of BTCs dominance and position as 'main player'?
Bitcoin's market capitalization relative to the rest of the cryptocurrency market has risen above 50% for the first time in two months, according to a popularly used metric. CoinMarketCap's Bitcoin Dominance Index has climbed as high as 51.62% today, the site reports. The last time this metric was above the 50% If this continues I can see Bitcoin eventually equally sharing the market with other niche coins, many have predicted in the past the death of altcoins but they help strengthen the economy and trust in them is now building very fast. I think the time they stop reacting to BTC price movements so drastically is nearly here.
What do you think about the future of BTCs dominance and position as 'main player'?
The prices has been crazy the whole year, I don't see dominance being an accurate stat to be taken in care on.
We have hit new heights and we had setbacks with countries banning bitcoins in their respective countries. But despite all these, we are still soaring and the most valuable cryptocurrency and it will continue to be for a very long time but i doubt that it is going to stay above 50% forever. The prices has been crazy the whole year, I don't see dominance being an accurate stat to be taken in care on.
It has been historic. More headlines will be made.
The prices has been crazy the whole year, I don't see dominance being an accurate stat to be taken in care on.
I think, with bitcoin's popularity now, it can maintain its dominance if people will continue to invest on it. Its investors is its power and without people investing on it,there would be a chance that other altcoins can dominate the industry. Inspite of this, i still beleive that bitcoin can maintain its status now.
Bitcoin is the main coin to use and pretty much all the coins on coinmarketcap has Bitcoin tied to their prices. Why do you all think that bitcoin will always have a dominance of more than fifty percent?
It is already below 49,2% right now, and i think that it will keep decreasing only because bitcoin is going down as hell right now (from $20200 to $17300 in just 36 hours)
It is already below 49,2% right now, and i think that it will keep decreasing only because bitcoin is going down as hell right now (from $20200 to $17300 in just 36 hours)
Well I did not verify it myself but if that information is true it would be kind of a milestone for bitcoin and for other currencies as well.
But it does not change anything, the marketcap is still going up, the marketcap of bitcoin, is going up too., so i can not understand of what are you complaining about.
It is highly unlikely, look what is happening today: bitcoin is going down while bitcoin cash is going up to more than 20% value of bitcoin. Eventually I predict bitcoin cash to overthrow bitcoin core as a dominant "bitcoin" because the current situation with network congestion is not sustainable in bitcoin core.
on 2017 JUNE 17, the bitcoin market cap was 38%, and Ethereum was around 32% .. this is the one time I can recall it went below 50%
I think, with bitcoin's popularity now, it can maintain its dominance if people will continue to invest on it. Its investors is its power and without people investing on it,there would be a chance that other altcoins can dominate the industry. Inspite of this, i still beleive that bitcoin can maintain its status now.
Still dropping and coming more in line with the rest of the market, 46.9%, I think it's a good sign that the big money is seeing value in a range of coins that can help different areas of business, services and the economy rather than banking on just one.
This is having its own advantages and disadvantages. Personally, I would prefer a strong Bitcoin, with a market dominance of >60%. Others can have their own place, but they should not pose a threat to the dominance of Bitcoin. However, right now it seems like Bitcoin is under a lot of pressure, especially from Bitcoin Cash.
Still dropping and coming more in line with the rest of the market, 46.9%, I think it's a good sign that the big money is seeing value in a range of coins that can help different areas of business, services and the economy rather than banking on just one.
Bitcoin is certainly showing it's dominance over all the other cryptocurrencies , and it is very expected from the father of all cryptos to do so . Other coins aren't actually being able to keep themselves in the race with bitcoin , since it ain't the same race anymore nor the same track . Bitcoin has shown to the world that it is beyond any expectation and will continue to do so for the many years to come . Mining new coins is exponentially harder , right along with the investing rate , which won't do but make bitcoin stronger and more dominant in the scene .
Probably not. There are a bunch of good altcoin alternatives to bitcoin, so 50% is way too high to keep i think.
Why do you all think that bitcoin will always have a dominance of more than fifty percent?
It is already below 49,2% right now, and i think that it will keep decreasing only because bitcoin is going down as hell right now (from $20200 to $17300 in just 36 hours)
But it does not change anything, the marketcap is still going up, the marketcap of bitcoin, is going up too., so i can not understand of what are you complaining about.
Even if it keeps it below 50% it will let people make much more money with alts instead of bitcoin.
It is already below 49,2% right now, and i think that it will keep decreasing only because bitcoin is going down as hell right now (from $20200 to $17300 in just 36 hours)
But it does not change anything, the marketcap is still going up, the marketcap of bitcoin, is going up too., so i can not understand of what are you complaining about.
Even if it keeps it below 50% it will let people make much more money with alts instead of bitcoin.
With so many coins obtaining a >$1bn marketcap now (29 at time of writing) I see that BTC's dominance is at 50.0%, the other major coins have built up very quickly in the past few weeks and it looks like billions are pouring into different projects in the crypto world, to coins that provide specific solutions rather than being a 'one coin for all uses'.
If this continues I can see Bitcoin eventually equally sharing the market with other niche coins, many have predicted in the past the death of altcoins but they help strengthen the economy and trust in them is now building very fast. I think the time they stop reacting to BTC price movements so drastically is nearly here.
What do you think about the future of BTCs dominance and position as 'main player'?
we all can not know for sure how bitcoin in the future because until now there has been no provisions and the definite discourse that will guide the future bitcoin If this continues I can see Bitcoin eventually equally sharing the market with other niche coins, many have predicted in the past the death of altcoins but they help strengthen the economy and trust in them is now building very fast. I think the time they stop reacting to BTC price movements so drastically is nearly here.
What do you think about the future of BTCs dominance and position as 'main player'?
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