Bitcoin Forum

https://i.imgur.com/Iv4AaCX.png

How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers! 

Probably there will be some big hits now in 2017, but i'm sure that the BTC hardfork will not happen and the bitcoin dominance wouldn't fall under 50%.

good - btc needs to wake up and stop ruining our party. I don't think it is healthy to have one coin that is so dominant over all of the rest anyway.

So all the alts together are worth $10billion!  I really can't understand that valuation.
There are so many crap-coins, even inside the top 25 coins there are some that are low quality/joke coins - Golem, Doge, ETC, First Blood.

I can see that a few coins might be used in the future, but really that list is short. Over 40 coins have a market cap of over $10mil, I think about 30 of them shouldn't!

Bitcoin dominance decreasing because of a pump (and dump for BTC)... Am I the only one who see some glitch in this logic :)?

there is also an ongoing bitcoin surge the value is almost where it was before, don't be fooled it's not bitcoin dump that go to altcoin pump, there are new investors now, many alt are pumped by these new investors instead of bitcoin, because they fear the hard fork and want to see the outcome, they think that for now it's safer to go with altcoin, which i have my doubt about, because we know that altcoin are super unstable, and i would never trust holding a big amount in any alt

I think that bitcoin dominance will  fall under 50%. It is inevitable that to happen. Same as that Bitcoin will lose its leading position.  So as that no future leader will ever hold more then 50% of Crypto marketcap.

There is tiny chance all what i posted would not happen. Question is only when. Can take 1 year can take 10 years or can take 100 years.

It is not surprising because the number of altcoins is growing everyday. I think we are heading towards balance of 50/50%. Actually, most of the altcoins have more potential from the technological side. 

It looks like that some altcoins are gaining steam with a better understanding of what they can offer to the bigger audience. This is a good move, in which each altcoin is developed to do what it does better. We need a full crypto environment, and not "one coin to rule them all"

Debate between core and BU will never settle down but it may not have similar effect in future so i think this is best time to put your money back from alt to bitcoin. Time to pull out profit from all our alts.  ;D

Excellent for the winners, and very bad for the losers. I think the market is now easier to change direction in an instant, the possibility of many large investors who play the price, but this is a victory in itself for smart people to analyze the market.

This. There are several alts that are better as currencies than bitcoin, and it's time the market realized this.

I think it's good for the community that there is a good balance and it's only a matter of time before we can see new coins that can give the crypto currency industry a good balance I think the best balance is 40$ bitcoin and 60% from the altcoins the success of any altcoin sis also the success of the crypto currency in general.

I think it is great for us altcoin traders as well, the prices goes up and down but mostly going up these days. That means great profits for us. Also bitcoin price may go higher and that doesn’t directly related to altcoin prices going down anymore, some coins goes up even when bitcoin price goes up which does affect the bitcoin dominance recently.

You got any explanation for 40% and 60% share between bitcoin and altcoin dominance ? I guess you give more to altcoin industry just because of number of existing coins, right?

Bitcoin BU and Core war makes the bitcoin dump, this always causes altcoin pumps, altcoin and bitcoin price are controversial, so good for alts.

Because of the splitting issued bitcoin dominance really decrease a lot and the price fall down under 1000$ and on the other side the alt coin price keep on increasing causing people to buy and trade alt coin, but now bitcoin is slowly gaining more dominance, alt coin dominance is only temporary when bitcoin issue settled, bitcoin will be on top again

I think it's just temporary because of this Bitcoin Unlimited issue,but after this issue Bitcoin will eventually recover and will gain more markets anyway it's good that a new group of altcoins are in a race for a share in the market it's good for crypto currency ecosystem.

Nothing we can do about that, can we?  Dash kinda made a run for dominance and did damn well for a bit...but it's not bitcoin.  Bitcoin was first, and if Joe Lunchbox on the Street knows anything about any crypto, it's bitcoin.  Not any of these other hangers-on.  I don't think it's healthy to have hundreds of shitcoins on the market doing absolutely nothing--but I can't do anything about that either.

There must be some studies done on first movers and their dominance. Has anyone seen any. I might try to find some.

Seems to be plenty written about it. Has anyone seen any crypto analysis?

https://www.google.com.au/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=first%20mover%20advantage%20google%20scholar&oq=first%20mover%20advantage%20google%20scholar&aqs=chrome..69i57.11343j1j8


Maybe some:

https://scholar.google.com/scholar?q=first+mover+advantage++bitcoin&btnG=&hl=en&as_sdt=0%2C5

Can We Predict the Winner in a Market with Network Effects? Competition in Cryptocurrency Market


http://www.mdpi.com/2073-4336/7/3/16/html


Have things changed since March 2016?

bitcoin is still the dominant coin. it has the highest price which is showing the real majority support/demand for it and it still is the only coin that has real adoption and also real world usage. bitcoin, unlike altcoins, is not just for trading you can use it in other applications such as using it as a currency.

that "dominance" that coinmarketcap shows is just a foolish comparison of bitcoin's real marketcap with all the rest of the altcoin's fake marketcap.
no matter how many times i repeat this, people still fall for this scam.
market cap = price * supply
altcoins = huge supply (even 100 billion coins) => any price * huge number = huge marketcap!

It's just decimal points though. All a large amount of coins does is move where we put the decimal point

look the money where on dash, now dash is dumped of half of what the peak was and bitcoin is increasing near $1100+, but on the other hand all the other alt are retaining their increase, like lbry decred ethereum, i'm fairly certain new investors are in altcoin, but only in gpu coin not asic altcoin like dash

all of them are constantly dropping and that has always been the end result of a pump. when people only buy something (an altcoin) just to make profit they exit it to take that profit out.

so far the Dash has the biggest drop since it has the bigger and first rise and all the other are following eth is constantly dropping -5% at a time and decreed has recently pumped so the drop is slow now.
and no i doubt anybody new is investing in altcoin, it is the old pumpers and all the old traders.

Bitcoin's dominance doesn't depend on the price of the Altcoins. Both are totally different, can you compare your mother with other mothers ?
No, This is how bitcoin is different.
Every altcoin investor owns a bunch of bitcoins because most of the time they have to use it in order to buy coins, as it is the most widely supported crypto currency, so i don't consider the screen displayed byt the OP as been a real dominance data.
I suppose that it takes in count hte volume of each cryptocurrency, which leads to bad interpretation.
Bitcoin is, and will stay the most dominant "Crypto Currency".

1886 Carl Benz invented the mordern car. Today 13 car producing companies are bigger than Daimler Benz.

Who invented the modern computer?
On which rank do you find this company today in the group of high tech producers?

And before Google had its debut on the market, didn't we have Yahoo, Lycos, AltaVista... ?

To say, that BTCs domination will last, means:
I have no visions and no knowledge of history.

Agreed with you bitcoin is still the king of crypto world it's well known around the world with huge community variety of merchants. Bitcoin has the future I also don't think there is chance for any altcoin to challenge it. So this world will dominated by bitcoin.

It is not the same, you are comparing on a price basics. This is technology who relys on many others, and the main advantage of bitcoin compared to the others is, their code is still actively developed, which is not the case for a lot of altcoins.

You should compare what can be compared.

For example bitcoin can't be compared with DASH as both coins offer different services and features.

You can compare Bitcoin with Litecoin.
You can compare DASH with PIVX
You can comparez ETH with ETC
You can compare BCC with BLK
 
And so on.

i think from time to time, bitcoin is always a king for another crypto currencies because for me, bitcoin is a leader of the crypto so people will know bitcoin more than other altcoin. although other altcoin is rise but bitcoin is still be in number one and can not replace by other altcoin. and whenever bitcoin is down or up, the altcoin will be follow bitcoin also and altcoin will always behind in bitcoin.

anybody who is saying bitcoin's dominance will last is a fool. but anybody who thinks any of the current existing coins can even come close to bitcoin's real dominance is even a bigger fool.

in 1800s there have been many duplication of "automobile" such as the ones in Britain in 1895 and 1898 or the 1891 three-wheeler in Ohio and lots and lots more from then until today but you only hear a handful of them. the rest are history and unless you open a history book you never find out about them.

the same goes with any of your other examples. how many similar companies to Google have been, how many Companies claiming to be better than Microsoft and IBM,... and how many of them are alive now?
claiming to be good is not being good.

and current altcoins that offer nothing but pump and dump will only remain in the history and in topics on bitcointalk and other places on the internet for many years to come and nobody will ever hear about them.

Compared to what... ?


Aha...

edit:
@ BTCLovingDude: totally agree!

Compared to it's Forked coins (BLK, PPC, LTC ...)

But at least, all the coins are possibilities to store and transfer money in a more or less secure and fast way. They are alternatives to fiat. And the one coin, which will have the most consumer-friendly, easiest usage in the future, or the best marketing, or the most aggressive march in the market, will dominate (for at least a while). Bitcoin is only a name and some code, but no absolute religion, or closed scientific truth. It is a step in the development on the way to the future. Like the first car was, like the first algorithm for the first search engine was. A single thought, which came true. But a lot of other thoughts will follow.