Bitcoin Forum

A couple of months back (March), I remember seeing bitcoin dominance about 85% when It comes to the market capitalization. Its currently 59.2% and probably will continue to decrease in the next a few days. Is this something to be worried about?

Source: https://coinmarketcap.com/charts/#btc-percentage

Maybe the last percentage is a little exaggerated because is low but the trend will be the decrease for sure. More and more projects or startups born every day and everyone of those have their coin which want its part at the market. Then if they have success other part of market go to those. So I think is normal this trend.

please don't use any other words in place of "marketcap" and bitcoin's marketcap share is decreasing not its market dominance, market share, or any other words other people use these days.

bitcoin is still the dominant cryptocurrency:
market/price related:
- it has the highest price
- the highest volume
- the most number of exchanges
- the most number of traders
usage as a currency:
- it still has the most usage as a currency
- the most number of merchants and services accepting it as a payment and that is also growing
- the most number of users using it as a real currency to pay for stuff
others:
- the most number of nodes
- the highest security of network
- the most number of developers
- ... (i'll add more if my memory helped)

here is BitPay showing the growth in the number of transactions they process as a payment processor for many businesses:
https://s22.postimg.org/lajjjj1dt/MCVct_OP.png
it is 250,000 transactions as of 2016 of an amount about 200 million dollar monthly. and that is just a third party processing only a limited number of merchants that are using their service for bitcoin payments. this is not factoring in all the others receiving bitcoin directly.

and if that's not called dominance, i don't know what is!

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meanwhile all the altcoins with their huge supply of coin which is causing their marketcap to grow falsely are the same as before: they are only being used by traders to make more money from their pump and dump and 90% of the time not a single coin leaves the exchange wallet.
and there is not a single change in their usage as a currency, altcoins are just carrying the word "currency" in their name.

Yeah the altcoins are certainly rising with bitcoin which is sort of strange because usually the altcoins like Ethereum and Monero will rise when bitcoin is crashing or bitcoin is stagnant but right now they are increasing alongside bitcoin, in bitcoin terms as well when bitcoin is increasing in value itself.

I wouldn't say that anytime soon bitcoin dominance will hit under 50% though, because bitcoin is still after all the major cryptocurrency and the #1 cryptocurrency by trading volume, user base as well as market capitalization by far right now.

And there is definitely a lot more ICOs coming out these days as well, probably contributing to the decline.

Why do people really care so much?  Bitcoin dominance in market cap is only a little part of its dominance overall, and losing a 50% majority would just mean that the dominance is spread between several cryptocurrencies.  Bitcoin is still massive and will continue to be.

market cap is a meaningless bubble number

i can create an altcoin with 5trillion coins.
put one coin onto an exchange and self it to myself for $1, and suddenly.. drum role.. prepare for mind blowing experience.
the market cap for my alt is $5trillion

I'm thinking about changing my signature to this maybe that helps with the whole marketcap illusion!

  [Manipulation 101]   Market cap    (https://bitcointalk.org/index.php?topic=1842964.0)

it seems like no matter how many times different people repeat the same thing, in the end another topic will pop up talking about bitcoin "marketcap dominance" decreasing! :D

I disagree with those.

1. As a currency yes, but not all projects aim to be a currency. Unless you compare it with litecoin, dash and monero.
2. Same here.
3. No, currently ethereum has more number of nodes. 12761 eth vs 6.9k bitcoin https://www.ethernodes.org/network/1  https://bitnodes.21.co/ .There's 1 more site for bitcoin that shows similar number https://coin.dance/nodes
4. I disagree, for more reasons.
             - Centralization in china. Miners pose the biggest threat to the network. Current situation of btc is a confirmation.
             - Currently ethereum expends almost as much value as bitcoin per second for security.
5. I disagree. Quantity vs quality. Bitcoin devs haven't done anything signifiant in the past 3 years, atleast compared to eth team.

That market dominance chart is ridiculous. Especially with all that ICOs going were coins are often locked in those alts for 12+ months.
Look for trading volume, transactions per day, global exchanges, merchants accepting cryptos etc. There have already been a few good answers here is this thread. Alts are in a crazy bubble. This is why you see this dramatic looking decline although as I said you shouldn't use this as reference or legit metric.

These are the initial signs of a uninformed altcoin bagholder.

Those projects aim to solve problems that don't exist, making most of them effectively useless. "it still has the most usage as a currency" is an undeniable fact and your straw man counter argument just shows your lack of knowledge.

Wrong again.

No. Have you even tried to create an ETH "full node"? I doubt that you have. They tell you to use a "--fast" mode and I'll let you research what it is. There are a lot more Bitcoin nodes: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html

Wrong again. Bitcoin was never decentralized as it is today. Either you're a newcommer or very ignorant.

Source?

This proves that you're an idiot. OpenSSL bug during development of libsecp251k[1]? ETH is trash, stop drinking centralized, bankster & corporation backed, kool-aid.

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It is very very likely that either ETH or Ripple are "their" (banks anyone?) answer to Bitcoin.
[1] - Lots of things can be listed here; this just shows how uninformed the ETH bagholder/shill is.

The dominance of bitcoin actually fell as it was still in its infancy. This shows that bitcoin no longer dominates the market, although it still grows, but it is not alone, besides it is always the development of other altcoins, and they are competing fiercely with bitcoin. And I think it will continue, bitcoin is no longer the dominant currency, it is only a currency with the advantage of time.

I don't think it's anything to worry about at all. People are probably using alt pumps to make money & will likely try & sell & get back into bitcoin with a better position before the alts inevitable dumps.

People are moving out of bitcoin maybe because they are waiting for the scaling issue to be resolved. That is why some of them are going to altcoin but they will go back to bitcoin once this drama or debate or whatever you call it has been fix. Anyways, altcoins are pretty much pump and dump anyway.

Are we even following the same coin,what makes you think that bitcoin no longer dominates the market,you still cannot compare any other so called coin with bitcoin,with plenty of projects coming up everyday the total numbers will spread and it is just a number which keeps on increasing when there are more projects and that does not mean that other coins are dominating and bitcoin is loosing the dominance.

The best post I've seen in a long time. Pretty much on point. A times like his I wish we had 'Like" button here on bitcointalk.
One thing I am not really agree with: number of bitcoin developers, it is hard to estimate, AFAIK BTC devs come and go, contribute something and then may leave.
We have probably less than 5 devs who are working on BTC constantly. Note: I am talking about Core dev team only.

people better get used to the idea. they should also stop panicking. this was always gonna happen. crypto is growing, not just bitcoin.

the alt bubble will be one of the most epic bursts in history. the alt market's behavior is also so different these days that it may not have much effect on bitcoin at all, or a positive one.

when it comes to dominance. what should be measured are things like

1. retail/merchant usability/acceptability
2. media awareness
3. ease of obtaining.
4. businesses set up concentrating on
5. employees working on
6. products and serves related to.

bitcoin wins all 6 categories
though technically points 1 and 3 does statistically have dominance. real world comparisons can argue with analogies.
EG yuan obtainable, acceptable to 1 billion+ people, indian rupee accessible to 1 billion+ people, yet dollar (320m people) is more dominant in the fiat market.

however the combination of many factors shows where real domination lays. like HOW its used and why its used in which case bitcoin still wins if you look at other factors too.

but all in all the 'marketcap $' is an utterly meaningless number to scream about.
trying to claim something has dominance purely based on market cap $ is like saying that flies rule the world because there are more of them then humans. without factoring in what affects and does things to the world it lives in

I'm not worrying about it because it looks like there is just a huge bubble going on across all cryptos right now, from Bitcoin to ETH to Ripple to anything in the top 10 really. Everything is being built up on nothing but speculation and it has a high chance of correcting (very brutally) sometime soon. Bitfinex drove Bitcoin up when it shouldn't have been moving, and investors all decided to start playing the altcoin game and next thing you know everything everywhere skyrockets in value.

This is the simple example of what market cap looks like and that does not mean the dominance is decreasing.There are plenty of alt coins and you really cannot compare that against bitcoin and the rest and say that the dominance is lost because it is being spread over different coins and assets ,the price of bitcoin is breaking new barriers and so does the dominance and no other alts can match the dominance of bitcoin.

individual coin price is also temporary drama if your just looking at a snapshot of movement over x hours, days, months
the questions i always ask myself is.
how many merchants accept crapcoinX
how many businesses are concentrating solely on crapcoinX
how many people know, understand, have crapcoinX
how many people need or want crapcoinX to hoard for their grandkids

Maybe because the volume of bitcoin was taken effect even thought the value is high, the volume is lower and then there are charging fees in every trading being made, well this is what I think in my opinion, but other thoughts to make this clear for all of us, Well if you are worrying too much about this then think again because the price is sky rocketing high!

This isn't the true reflection on the ground and shouldn't necessitate a push of the panic button. Bitcoin is getting bigger and bigger by the day that's why the transactions gets delayed because of the greater number of people scrambling for limited resources (i.e. blocksize)

I agree with that statement that people should stopped panicking since bitcoin has grown stronger than ever and the number of users are increasing and the number of countries that accepts bitcoin also increases. Alternative coins are not being bought by people to stay on that coin but they are waiting for the price increase so they can exchange it with bitcoin. At the end of the day altcoin holders just wanted to increase the bitcoins at their hand.

No matter what happens with other Alt coins, you can basically do nothing with it other than trading your way in and out of Bitcoin. I cannot walk

into 1 merchant around here and buy something with a single Alt coin... but I can take Bitcoin and walk into several shops that accepts it as a

payment option. That is it's true value...  ;)

i blame coinmarketcap.com for this.
this site despite being a good source of information and links for all the altcoins and all the information it gives, it is just giving data and without additional descriptions that data is misunderstood.
for example sorting the altcoins based on marketcap or giving charts based on bitcoin versus the shitcoins (sounds like a superhero movie) is always going to be misleading like this.

Because for BTC to be dominant the 80% - 20% pareto distribution is expected but nontheless, BTC has not lost value to other alts. This is new speculative money going in mostly on ETH which is skyrocketing. People that bought a while ago are probably millionaires now and retired, so good for them. I feel like the biggest idiot by not buying into Vitalik's ambitious project. Who cares if it eventually fails? now those people are rich and we are still stuck suffering in our 9-5 jobs. And this is exactly why there's so much money being pumped into ETH. People that missed the bitcoin boat to buy cheap want to hit the big strike with a new coin and they expect ETH to go $1000. I hope whoever is holding good gains with ETH sells, IMO this cannot be sustained for much longer. This is DASH 2.0 bubble. Got gains? great, but the project is not viable to hold long term. BTC is already a risk within itself.

When something that has less than $10000 in volume per day has a market cap of several millions. ::)

The only real reason to buy in is to get more BTC or more fiat TBH.

I think it has something to do about the speculation about the ETH ETF ruling as well. It doesn't seem like a lot of people are spreading the news about it. I have just read about it today myself. If it gets denied, then that may be the likely trigger for the bubble to burst.

That's exactly what I am thinking as well.
Altoins are a game, a game between traders.
Sooner or later, when the alt price has reached its top, they will realize that they have a lot of coins they can use for... nothing.
I hope that at least a fragment of the money that was pumped into alt will go back into bitcoin then.
The rest I fear will somehow vanish into fiat and thin air.

how far along is this? i really hope anyone getting excited about it learnt their lesson with the bitcoin efforts. it won't happen no matter what the coin is.

if they didn't like how bitcoin was traded, a few minutes of looking at poloniex in action would be enough for them to throw up.

if it does pass i will be genuinely speechless for a few months at least.

Im actually really amazed about the current situation of the bitcoin, because price exceeds even the last all-time high.
The exact bitcoin price in this moment according to bitcoinaverage.com is 1427 USD. It is an incredible rise again, and I dont think that someone have actually expected it.

It is hard to predict what is going to happen next, because this situation is really not certain. It is a rare incident to see ATH making itself bigger and bigger, so also that is a hard enviroment for speculation.
To be honest, I expect a falls right now, bitcoin cannot increase its price so fast without very important things solved, like confirmations taking too long/ too high mining fees.

Dominance may be decreasing in that crypto-ecological sense, but in terms of influence and power? Bitcoin has never been more dominant and I can't see this eroding any time soon. The price of crypto, while helpful evidence, is really less and less of a marker. I've even stopped paying attention now, at least not until I get my fiat wallet fattened up for more BTC.

Well, ETH's price isn't really hyped by etf. Everyone knows most likely it will get rejected, altough it has higher chances to pass than bitcoin for several reasons. Currently ETH is dragging whole crypto space up by itself, including bitcoin. The development of projects that happened in the past months brought more money in the crypto space.

Hell no. Everything is alright and goes according to plan. Thanks AXA for launching the altcoin markets to space.

I am looking at the charts and it is just unbelievable. During the past 1 hour, Ether has lost more than one-sixth of its value versus the Bitcoin. Now Bitcoin market cap is back to 60%+ in coinmarketcap.

And the breaking news is that Bitcoin has hit an all time high of $1,420 per coin in Bitstamp!!!!

Trust me folks, we are en route to the $2,000 mark.

i thought it would take a few weeks, not a few hours. anyway let's see what happens this week. there's so much money around right now that bitcoin's 'market share' could go up or down 10-20% in a couple of hours which is why it's a figure barely worth the attention.

Really good point. Bitcoin can be used in our daily life, not like altcoins. We can't find shops wich accepts altcoins directly - we have to exchange it bitcoins or fiat to be able to pay. Altcoins are primarily are used for trading and gambling.
Bitcoin isn't loosing dominat positions in long term.

Bitcoin dominance is still here with us, that percentage doesn't mean nothing. It is clear the price of bitcoin of 1450 USD right now at preev and other exchanges and it is also this the reason why Ethereum ,Zcash ,Dash and Monero has been growing up in their value to follow bitcoin.

when people only want to measure how good or bad something is based on price..
its called speculation. based on nothing but emotion, cries and screams.

every time you see price movements just remember this:
https://i.imgur.com/bOyacSn.png

That's insane how Bitcoin's dominance has been toppled without any major events. It seems like a silent transition from Bitcoin to alts.

Why is everyone talking about bitcoin being toppled as the major coin,did you really check the market cap and the valuation befrore coming to a conclusion.Long story short no alt coin can topple bitcoin no matter how hard they try and people are comparing bitcoin and alt coin ,where we have more than a couple of hundred alt coins and that comparison is really laughable.

Bitcoin's dominance will keep decreasing in time and there is nothing to do about it. Below %50 can happen in a few years and If new altcoins keep making an appearance, (and they will) it can even go below <%10.

Bitcoin is like gold at the moment. It became so big, it takes enormous power to pump/dump . But a newly announced zero value altcoin can gain %1000 in a week. Because its starting point is "zero".

People always gonna feed those alts because there is nothing to lose if you buy them cheap. 0.001$/1shitcoin is cheap for many people, but 1$/shitcoin is also cheap for many. To become 1$ from 0.001$, that shit coin needs to gain %1000 more value!!!

The main thing here is, no matter how many alts keep coming, bitcoin will stay as #1.

The dominance and non dominance of bitcoin in the cryptospace is not a costant thing that have to always maintain a particular spot in the market. Its a currency in the pool of currencies which means its position at any point in time will be determined based on the forces of demand and supply which means if can increase in a particular month and decrease the following month so there is no cause for alarm in my own opinion. It might bounce back again and you will be surprised.

Oh really? Then what about Ethereum?

I don't see why the dominance should be an important feature.
Altcoins are traded amongst each other, but to me that is kind of a closed system. Because of that I still have the problem that I do not see by what they should be backed up.
Bitcoin has a connection to the industry because it can be used as payment, that is something I would consider to be important.

yeah right. the coin with 91 million coins currently available and absolutely no cap is obviously going to have a bloated marketcap! it is a simple multiplication after all. did you expect when you increase one variable (the number of coins available) the result stays small. no it grows and goes into a fake number territory.

to put simply so you can understand: if bitcoin had the same situation of ICO premine scam and had 70 million coins stored away in hidden pockets and currently had 91 million coins the marketcap would have been $130,925,762,275 not go sit down and think about these numbers a little.

There is actually no transition.  Take note Bitcoin has roughly 21M coins compared with other coins that has hundreds of millions to billions of coins.  Considering the number, we can not rely on the coin market cap as the measurement of dominance of a coin.  Just think of comparing a two coin with the same price but the other one have 10x more coins than the other one.  Definitely the one with 10x coins has dominance in price even if only 10% of that coin is traded and the 90% is being hold by the developer.  Because price is multiplied by the total number of coins not the coins in circulation.

I'm not concerned about any BTC circumstances because everyone will repeat the same thing, and there will be new things or emerging topics that provide solutions

This is already changing though eg GDAX and other exchanges that bridge fiat and ETH, LTC directly.

IMO if Bitcoin fails to scale people can and will route around it. Other cryptos can (arguably are doing) establish their own v strong network effects.

The ICO premine from ETH was/is hilarious.

This post is very vague, nonconstructive and therefore useless.

Spammer detected.


Other cryptocurrencies have the same if not worse scaleability (see ETH, Monero and Zcash as examples of much worse inherent scaling properties). The only reason for which they don't have these issues yet, is because they have very little to no usage outside the speculative realm.

i think it's because of etheruem, without etheruem you have the same tiny marketcap for altcoin, remove etheruem and try again you see that i'm right, dash also pose a threat but much smaller, it come down to ethereum versus bitcoin other coins have a useless marketcap, but there are many of them and it's true that their value is higher than before, there are more investors now than 2013-2014

It doesn't make any sense to discard Ethereum - even not for example purposes. It's there, and it accounts for a more than decent part of the total crypto market cap. Obviously, it has turned out to be a massively rewarding investment if you jumped on board on time, but I feel seriously bad for people entering Ethereum at current prices. It can't and won't go up endlessly. It's a coin from which the far majority of the circulating coins are in the hands of a very few entities, collaborating with each other. Of course, as long as the price goes up, people won't care, but at some point these people will get burned HARD.

Not to worry about at all..

BTC price still growing despite market cap dominance decreasing.. Watch out when one or few alt fails to retain capital, part of this capital should go back to BTC, wich may result in continuous bull/bubble market up to 12k U$ before major correction ;)

BTC are strong and deflationary, long way to go in price discovery before stabilisation !

my bet !

It is not just the bitcoin holders shifting to altcoin. The overall market cap has increased by about 10 billion USD to the current 47 billions in the past 15 days. The dominance rate is at just 53% now and is dropping. Down 40% in the past 45 days and down by 3-4% in the past two days.

1) probably 0
2) damn sure 0
3) a few hundred
4) a few hundred but this on the premise that the mother of idiots is always pregnant


Altcoins have something like 0.000% impact in the real world.
If this forum would be shutting down the altcoinscam subforum half of them would be gone in less than a week.

Bitcoin is used in the real world not just for fake IPOs and pumps and dumps called trading.
This is what matters.

All the altcoin fans should take a walk and try to buy something coffee pizza condoms (not that they need the third) with their precious coins

We're nearing the 50% mark (~53% as of now). Most of altcoins are definitively in a bubble and their contribution to the altcoin "market cap share" won't last for long. Even the smallest clone/scamcoins have a market cap of millions or tens of millions now. That is not sustainable in any way - if you consider that half a year ago a 10 million marketcap was enough for the top 20 on Coinmarketcap.

But some of the main altcoins (mostly ETH and maybe also LTC and Monero/Zcash and maybe a PoS coin) can definitively challenge Bitcoin. ETH is working on own scaling solutions (sharding and Raiden). In the case of LTC, I think their market cap share is only sustainable as long as BTC doesn't adopt a scaling solution, that enables them to  simply and lazily adopt the technologies Bitcoin's miners refuse (Segwit). There are some other interesting project with own scaling solutions like Iota or Ardor, but they must first prove they really work.

I think that is basically a good thing to have competition. Pressure from LTC could lead to Segwit be accepted by Bitcoin miners, for example. And as most altcoins are open source projects, improvements can be shared between them.

BTC has never dropped this low. There has also never been an alt rally anywhere near this magnitude and by extension we've yet to see the subsequent bubble pop which may be louder than Krakatoa, but who knows? There may be plenty of legs left.

What people regularly forget is that all this stuff is still being made up as it goes along. Anything could still happen and nothing should be resting on its laurels because there's no shortage of pesky thingies nibbling at them.

It bounces back from 50% to 57%. Looks like it will go back to 90% very soon. It is just someone manipulating the market.

So btc is still completely dominating the market...

More and more alts are created every month and all together they don't manage to get 50% of the value...

What are you trying to say?

Irrelevant, really.

Not only are the alts in a massive bubble, a great deal of the market caps are fake. Ripple and NEM are premined trash; a huge percentage of their supply is intentionally withheld from the market by those who own it (I'm not talking about "holders" or similar, but the people who created it and took the premine). In reality, for example, Ripple's market cap should be calculated (if we use the standard way of calculating it): ~8 Billion x [currentPrice] and not ~38 Billion x [currentPrice.

ETH - Centralized FED 2.0 coin with no real use cases besides companies building up their own projects.
LTC - Silver to the Gold.
Monero - Small niche market with real features (anonymity, fungbility, privacy).
Zcash - centralized scam coin (see founders reward & master keys).

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ETH scales much worse than Bitcoin, and so do Monero and Zcash. If they do sharding, Bitcoin will do sharding just several times more efficiently. :)

This observation is random and your numbers don't mean anything.

"BTC has never dropped this low" while BTC price hits all time highs pretty much daily is pretty funny to hear.

More money is coming into the ecosystem in general, so who cares? As long as the money that is in BTC doesn't go down, we are good.

If other people want to invest USD into other coins, that's their problem. We have a lot of ways to buy alts nowadays that don't require BTC and BTC still keeps going up, and look at the alts, all red when BTC rises.

It is anyway just a small number of people manipulate the market.

Seem the dominance of Bitcoin never changes, figures from the coinmarketcap should not be used as the basis in dominance of certain coins.  One can be more dominant but due to the limited number of coins, they tend to lose to those who have unlimited supply of coins since coinmarketcap always calculate them in total coins, not the actual adoption and usage of coins.

I doubt that bitcoin dominance will decrease substantially.  The fact remains that alt coins actually do depend on the very existence of bitcoin in order to trade.  Essentially, bitcoin remains the standard bearer in crytocurrency.  Even the fact that bitcoin is already being adopted by not just online merchants but physical actual shops, is a great advantage for bitcoin.  I think bitcoin influence will continue to increase actually.

Your logic is flawed. Does not take into account increase in fiat/crypto volume. Nor does it take into account that nothing last forever. This is only the beginning of  the decrease in dominance. Bitcoin wont die, the market will just morph over time.

Agree. That's why their pumps were so crazy, but the dumps will not be different. These 100% premined coins are "designed for volatility".


I agree that the level of centralization is higher than in BTC. But regarding interesting use cases, I'm observing Makerdao (If it's not vaporware, it's a bitshares-like "stablecoin" solution but perhaps with less problems). Maybe also Ethereum could serve as a sidechain platform and test this technology for BTC.


Good point. So actually every altcoin that is open source software and tests interesting features could help Bitcoin in the future.

To be perfectly honest, I call them outright scams because that's what they are. They are designed to massively profit the developers or in the case of Ripple, the "owners" of said coins. NEM & XRP are perfect examples of this.

Let's be perfectly honest here. ETH & their ICO sub-projects are creating "solutions" for problems which don't exist or they are exaggerating certain problems and attempting to provide fixes for them. Smart contracts and "dapps" are mostly marketing buzzwords. There are only a few *decent* projects out there.

This is what many fail to understand. Any open source research/scaling will benefit Bitcoin greatly, especially if it comes from a coin that scale less efficiently than Bitcoin (which is the case with the coins that I've mentioned).

peoople just have to realize that Bitcoin cannot be everything for everyone.
So you can not be paypal2.0 coffee coin and decentralized resistant currency.
Bitcoin can not be POS POI POA coin or DAS.
Crypto is rissing coins with that market. BTC is most stable coin here.
Problems with scale will be solved over time.
Bitcoin miners get now same amount of $$$ like ETH miners because ETH inflation is 3.5x higher.
Miners will have to adopt solution or they will be fired by market and forced to use some solution Segwit or other that we may not know.

Scale weakens of BTC is causing that whole BTC drama and massive move to alts when it will be solved many money will flow back to BTC .
If miner will be so stupid like Jihan they will lose money till they understand via economy.
When ETH (Asic proof coin) will have same market cap as BTC they will act because from mining ETH miners will get 3x more. Time will show but without scaling solution BTC won't progress much price will crash for year two till solution will be adopted.

It's a misleading metric, you have to distinguish between projects which are a competitor/threat to BTC and those which actually help BTC by expanding the blockchain ecosystem of which BTC is the dominant money.

If you created BubbaCoin as the currency for Blockchain island in 2011 with only a few inhabitants, BubbaCoin would be extremely dominant in percentage terms, 95%+, but not be worth very much in $ terms compared to the dominant currencies on bigger islands and countries with more vibrant, innovative & bustling economies.

However if the Microsoft/Facebook/Youtube/Google of the future started to be built on blockchain island then BubbaCoin's dominance as a percentage of the whole would decline a lot but the $ value of BubbaCoin would increase loads as it becomes the dominant currency for a much bigger economy and ecosystem.

How many great features have BTC adopted :D ? - Nothing
Scaling solution ? - No solution at all because of... asicboost or miners want more fees. :D

Alt scaling with wise POS system win/loose coins :) ? Miner will never give up their mining reward.
Some solution can be adopted but some never will be forced, especially when you have such people like
Jihan Wu in charge of biggest BTC Asic company. Bitmain and Asics are biggest Achilles feet in whole system.

When 40%+ miners are promoting BitcoinUnlimited that is crashing constantly I have no faith in miners.
Those assholes are bunch of idiots. Miners in charge are like 3 year old kinds playing with fire on gas station.

How many "great features" have altcoins produced so far? Almost 0. How many of those would require a hard fork or a rewrite of Bitcoin? Almost all of them.

Scaling solutions are almost ready.

POS is a nonsense system that is not safe.

There are "simple" solutions to that:
1) UASF Segwit.
2) PoW change hard fork.

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It's just a matter of time before the users, developers and economy run out of patience.

I personally think that is a good thing, first of all the decreasing dominance means there will be an alt coin that can become bitcoin rival which means we have a backup coin if in case bitcoin got problem, and then people who are investing in alt coin is only invest for short term, so the dominance for alt coin maybe its not correct, if there is no implementation in shop or business then no matter what is the number, alt coin will not dominance

It's not decreasing in a meaningful way though, and that's essentially the giant caveat for this entire thing. The entire market is being pumped to be way too valuable and there isn't enough support for it across the board, so there is nothing propping up the rest of the cryptos that are supposed to be competing. Ethereum is the only decent competitor and even then it has its own issues.
Bitcoin is still very secure in its dominant position and likely will not be dethroned for a while.

Ya i agree and it's not technically decreasing but rather many investors are getting into it that the supply is getting low. I think better comparison is that btc will become uk where a it is higher than price dollar but US still more popular than uk in terms of economy. Ethereum might become the next big thing but it doesnt change the fact that btc is still dominant over other coins.

Looking at the economy US leads UK in all terms. Same in this perspective if we consider the value difference is huge as quoted. Also the investor base is increasing randomly. Due to this the dominance of bitcoin keeps stable without allowing any other digital currencies to have the potential same as bitcoin. Recent days ethereum was growing good but this won't get the strength to be dominant over bitcoin.

This just isn't simply true in the least, no coin on here is going to come and rival BTC there's just no way that any of these coins are going to gain any respect and trust, outside of the trading world, and be able to turn into a coin that is actually accepted in some places. The only coin that I can think is accepted in some places is going to have to be XMR but that's only a few dice sites that support being anonymous online.

So, it doesn't relly matter if the dominance is decreasing as people have already shown this to not really matter in the least. 1 Most of the market caps which are coming out are insanely fake and the other part of this is that the coins themselves are only being traded, not used like Bitcoin is and will always be used. Now I'm not saying BTC isn't used by traders as well as it is, but it's not to the same percent by usage as compared to alts.

FAKE NEWS

There are other aspects other than just marketcap and market dominance.
It is still the most used method as payment is services, it has the highest price in the market, most number of merchants and services, most people use it as a payment method to buy goods and services in the real world.
Seriously how can a crypto currency that has gained $5 billion market cap in just a week decreasing dominance?

You can't judge the Bitcoin dominance just by some selected factors but generate the whole picture. And the thruth is that Bitcoin is still the most accepted and established cryptocurrency that is actualy beeing used as a payment method in real world for real goods and services. And will continue to stay so for a while.

Funny how these two statements contradict one another.
It is true that bitcoin, as a payment system, is the most used.  But bitcoin's use as a payment system is just a very minor application of crypto in general.  Crypto is by far a speculative-token dominated world, and the fact that a very small part of it is used to work as a payment system is not what is driving anything.

Now, if market cap is a bad indicator, let us look at something else: volume.  Now, since volume goes with paying fees (on chain, or on exchanges), volume is a much more real aspect of crypto.  After all, crypto is essentially a thing that transacts value (and this includes both the merchant adoption aspect, and the speculative aspect).

Now let us look at volume right now at coinmarketcap:

Bitcoin: 1.11 billion dollars ; whole of crypto: 2.38 billion dollars.

So bitcoin represents 47% of the total volume of value transacted in crypto in the last 24 hours.  In as much as market cap can be "faked" with non-movable coins that cannot cash out, volume on which one has to pay fees is somewhat harder to fake.  Now, the fact that both indicators are grossly in the same ballpark, does re-enforce the idea that at this point, bitcoin is about half of crypto.

But crypto is essentially non-existing outside of the trading world.  Only in dark markets resides a true application of crypto as a payment system.  Even those entities that accept bitcoin as a payment system, have extremely low volume with it.

I`m not sure if those stats are true.
Most of the altcoins are bubbles which are going to burst,so bitcoin will return back to 85% soon.
The entire cryptocurrency market cap is increasing,which is good.

if by "crypto" you mean cryptocurrencies known as altcoins then yes you are 100% true. 99% of the altcoins have no business outside of an exchange. their blocks are only filled with 1 coinbase transaction giving the miners the block reward and then once in a while 1 or 2 transactions that belongs to miners dumping their coins on exchanges.
there are couple of altcoins which are trying so hard to say they have usage but they don't.

bitcoin on the other hand (as you were told a million times over the past month and you refuse to accept) has a lot of usages as a currency.

Not likely while the money which goes to the altcoins keep on increasing every day, the majority of crowd sale/ICO even use ethereum instead of bitcoin. Therefore, people who want to invest into some projects will be forced to convert their bitcoin to ethereum which means increasing the dominance of alts towards bitcoin even if many currencies' cap merged into one.

I don't think so. The price of Bitcoin is still travelling upwards. It is simply the fact that Litecoin and a few other altcoins have gained popularity. This means that money and interest I'd going into the crypto industry, which will indirectly benefit Bitcoin. A competition of coins is good.

I have a feeling, that even if the Bitcoin share both in terms of market cap and volume becomes less than half, or even 30%, it will still be dominant.

A simple example. We humans only populate 1% of the planet's surface... I don't know our "volume" of for example... breeding or oxygen consumption but I think it is also small. But are we dominant? 100% yes:)

No, I mean all of crypto, bitcoin included.  It has some usage as a currency, representing on the percent level of its transaction volume (and so in a certain way, on the percent level of its market cap, grossly).  I'm not denying that it has some usage, but that usage is a MINOR aspect of what happens with it.  Bitcoin is essentially just as speculative an asset as alt coins.
After all, ethereum also has some usage (like gambling contracts).  But it is also infinitesimal as compared to its market cap and volume.

I don't think that there is something to worry about because it is normal for the bitcoin to have a decrease on its dominance in the market because its price is keep rising so the power of buying a lot of bitcoin has been decreased also, if you look back in the last few weeks or months the bitcoin is very cheap so the dominance is over rated and now it is going back to normal.

This.

No market with a monopoly is healthy.  This is why I like seeing bitcoin's dominance decrease.  That doesn't mean that "bitcoin will die" or not even that bitcoin will lose its first place.  But this monopoly is not good, and I think the market is slowly correcting for this.  It will not go in one go.  There are fundamental aspects of bitcoin I don't like, and "transparency" is the main issue I have with it.  But others like this transparency.  In general, I hate the speculative nature (the "let's become a millionaire" aspect of it) of all of crypto, because I'm convinced that it kills its purpose that got me interested in it, which is to become money for a stateless closed underground economy.  But unfortunately, that seems to be the leading thing in crypto since many years.

Sounds like a good point. Quantity doesn't always have something to do with quality. Nowadays a worthless coin can get 1 billion marketcap but it won't make this coin influence the industry much. Bitcoin is still far from losing popularity. Perhaps it never will lose it, for new-comers get to know bitcoin first and many people don't even try finding out more about altcoins.Of course, some alts might become powerful competitors of btc but btc will still be on top.

Good insight. I just want to add that that heavy competition of altcoins is the motor for changes/upgrades and will help Bitcoin to evolve.
When miners will see that bitcoin is losing ground they would be more inclined to unify under 1 banner to chose serious scaling solution.
In addition, 99% of altcoins are insignificant it is only top 10-20 which really counts. All the rest is pure speculation.

Interesting topic, I'm enjoyed to read all of this.

Does anyone know why bitcoin can be "born"?

The bitcoin market spikes, it's too sudden for everyone, however, I do not see any impact that could make the bitcoin's value change so it makes me nervous. . Is the bitcoin market in particular and the crypto market in general being taken over? Is any power powerful enough to dominate the market?

I am not too bothered about dominance percentages. What fascinates me as that both Bitcoin and Altcoin markets are both surging in marketshare, as both sides of the blockchain are interesting to various factions of Society. More business, investment vehicles and start up incubators are being created on the blockchain now than ever before and this is a wonderful time to be involved in accumulating and trading both. I see Alts as complimentary to Bitcoin and Vice Versa.

The increasing value of bitcoin nowadays cannot be due to the popularity of the altcoins. Perhaps it has some effect on bitcoin but it is not the major source of what caused the price of inflation in bitcoin today. The main reason of why the value of bitcoin is going upwards since April is the fact that Japan has adopted bitcoin and that cause a major demand on bitcoins which resulted to the skyrocket increase.

Very precisely, the popularity of bitcoin is not reflected by its value; if we talk about the popularity of bitcoin, consider the number of users and the level of popularity. In recent times, not only Japan, some countries are also planning to accept bitcoin, which makes the value of bitcoin surge dramatically, and it leads to inflation.

As far as I understand, that bill has to do with *crypto currencies* not with bitcoin per se.

Bitcoin price isn't everything, trading volume is also a big factor in determining succes.
Just look the the current trading volumes and prices of other altcoins in the top 10 on coinmarketcap and compare it to, say, 2 years ago.

There are more coins with a value of around $100 per coin and 3 other coins that have a marketcap of over 1 billion dollars!

Stats are true but the computation is flawed when it comes to cryptocurrency dominance, since it just calculates the current price multiply by the total supply which is the flaw.  We cannot see the the actual dominance in usage and adoption of people in there which is the thing that should be considered as the factor of being dominance.

Bro Bitcoin is priced at 1763$ as of today and you are saying that Bitcoin's dominance is decreasing. An increase in price tells us that there is also an increase in demand. Bitcoin right now is way ahead of any Cryptocurrency out there and it is proving to us that it will still continue to grow with the increasing demand it is having. Right now the price says it all.

Bitcoin will still dominate the market in the next 5 years,unless of course the issue of transactions continue to persist,it is still the merchant prefered currency and 100% of all exchanges has bitcoin on it and I don't know of any people who are into currency that do not have bitcoin in their portfolio.

I don't think that the dominance of bitcoin is decreasing because if this is true then the price of bitcoin will gets lower and lower and it will back to $1000 but there is no proof that this is true so i doubt that bitcoin dominance is getting weaker.

There are two issues. One is which coin will be used as a store of value, like gold. Bitcoin is way ahead here and I think it will stay ahead.

The second is which coin will be used as a currency, to buy and sell stuff. Here the jury is out: the blocksize issue, the length of time it takes for transactions to confirm, the fees for sending, all these thngs mean that bitcoin is not likely to be used as a currency any time soon. But if not bitcoin which alt? The only coin that has a rising number of transactions per 24 hours is Ether.

If everything is not impossible lco bitcoin can be a medium of financial payments that will last very long. Yes one of the important points is the need for improvement in sending bitcoin, now we all have issues about the delay of delivery of each transaction.

Bitcoin can be the biggest coin value, however, that does not mean it is the most popular, it is the top coin, it is popular because it leads all coin Otherwise, it is like a myth, and of course, the myth is always praised even when it is no longer strong. Bitcoin is being competitive, I think there will be a coin over it.

Point is that none of these aspects, namely "store of value in the long term", or "currency to buy and sell stuff" is what is driving the crypto currency market BY FAR.   Almost all people who are in crypto currency (bitcoin and alt coins) are into the speculative aspect of "wanting to gain value" with it.  True, some are into this for the shorter term (wanting gains on volatility, day traders) ; others are in the longer term into it (hodlers), but almost all of them are in it for (hopefully LARGE) gains.

A small minority of people are into crypto to buy stuff with it ; dark markets are the main application, and bitcoin is still (despite its transparent chain) mostly used there.  And yes, a few geeks like to buy stuff legally on the internet with bitcoin (me too).

Another small minority of people are really into crypto, and mostly, bitcoin, to hedge against the potential woos of the financial system.

But, by far, most users are in it for BIG PROFITS (in the short or long term).   This is what keeps the exchanges going, this is what determines market cap, and this is what determines volume.  ==> it are speculative assets to gamble on.

Now, speculative assets derive their "value" (that is to say, their hoped-for potential to make you rich) from the amount of greater fools that flow in (long term hodling and dream of moon) ; or the amount of fellow traders that play, just as you are, on the volatility.

It is true that, concerning volatility, alt coins are superior to bitcoin since a while ; but it is also true that the bigger the existing pyramid is (the higher the given market cap of a coin), the smaller the hope is to find a lot more of greater fools.  At that point, it becomes interesting to look at smaller pyramids with larger growth potential - even though the big pyramids are still attractive and feel somewhat safer.

I guess the recent shift of inflowing capital from bitcoin to dominantly alt coins, reflects this: smaller pyramids have higher potential growth in greater fool games than already very big pyramids, but the big pyramids are still filling in big layers of newcomers at high prices.

Based on my previous trade experiences what is happening to Bitcoin right now is still normal. We have just seen Bitcoin from 500$ per Bitcoin last year to 1700$ per Bitcoin to this present date. Which is more than double your money if you invested and hold it last year. Right now every price uptrend we may see a little slow down because a lot of traders are prepared or rather scared of big players selling of their position from this level. Bitcoin is still dominating the cryptocurrency market I mean look at its competition they are way behind Bitcoin.

Individual coins, yes.  Overall, bitcoin is about half of crypto.  It is a bit more when looking at market cap, it is a bit less when you look at volume.

Right now:

Bitcoin market cap: $28,817,708,481  ;  bitcoin volume $930,818,000    

Crypto total market cap: $52,069,216,063   ;  crypto total volume: $1,912,681,567

It is the *coherence* between these numbers that tells us that bitcoin is grossly half of crypto at this moment.  Half of the capital, and half of transaction volume.

It is of course still by far the individual market leader, but it doesn't hold the crypto monopoly any more.

I wouldn't worry about bitcoins dominance fading, the market can accommodate several coins but bitcoin is likely to remain on top for the simple reason that it came first. And as others have pointed out all the exchanges do btc/alt, meaning btc is the benchmark price for those alts.

Well, it has been pointed out that this is not the case any more for the bigger alts, which are directly fiat/alt.  There are several alts now that are *independent* of bitcoin ; and bitcoin not being a stable unit of value, it is a bad idea to measure the value of something (like alts, or coffee) in bitcoin.  Most fiat is much more stable as a unit of account.

The bitcoin and alt coin markets are getting decoupled.

But it is true that bitcoin having first mover advantage, and having 3-6 years of advance on most alt coins of any significance, its market leadership is still good for quite a while before this erodes away.

This is simply a bubble it's going to pop soon when everyone notices that they can't just join altcoins in order to make money simply, its something that you're going to have to really research when and if you get into it. At the moment, the market is disgustingly bullish to the point where pretty much every coin (Including Bitcoin) is at an all-time high.

I know people from the certain areas of the Bitcoin scaling shit are going to try to play this off as Bitcoin losing its grip on Cryptos and some other coin will take over that'll solve the problems if we don't adopt something like BTU, Segwit (Still support it, but I know this is probably happening), but this is just simple bullshit. No one is actually using these coins (With the exception of Ether - Small Contracts) for any actual usage in the least, people are only using them in order to trade and attempt to make some money off of.

Dominance in usage isn't just dominance in people investing is.

Those coins like Byteball have 0 fees so they can be used as currency :) if will respell all attacks.

That's exactly what makes this market entirely a market of speculative assets.  The real economic value (= usage) doesn't matter much in the price determination, which would be 10-100 times smaller if it were.

You are right the markets are starting to get decoupled, however they are currently still not really decoupled even for the big ones, the biggest markets are still btc/alt. The price of bitcoin also strongly affects the price of alts. For example when btc goes up a lot the alt markets tend to crash as people convert alt to btc.

I think however you are right 3-6 years advance on alts is about right, eventually some of the markets will become more or less completely independent and bitcoin will have to adapt to survive.

your arguments become funnier each time :)
do you even know how easy it is to start a new altcoin? for those others who don't know, it is as easy as clicking a button! you click fork and there you have it another altcoin, now multiply the billion or million coins they create with a small price 1 satoshi to 50,000 satoshi (normal price for shitcoins) and there you have it again: bitcoin's market cap dominance decreased again.

i can make you 10 altcoins in an hour if you like and make bitcoin's market cap dominance decrease by a factor of 10.

oh and here is another fun little thing to look at: https://blockchain.info/charts/estimated-transaction-volume-usd
yeah that's right a medium of 300 million dollar is being transferred daily using bitcoin

Yes, if we talking about the price of bitcoin for long time, but for right now price of bitcoin is fluctuation
and the op show the percentage of bitcoin price decreased,
 in my opinions bitcoin dominance decreasing just for short time but bitcoin is increasing for long time,
bitcoin decreasing is good for the traders, they can take chance to buy cheap then sell on top price.

bitcoin is global now and i don't think anyone who has knowledge of it didn't have it or not willing to have it in their portfolio. the way it has increasing its price day by day and we have seen its grown in 5 years. it is worth watching and yes it is dominating over all currencies rather they are crypto or fait.   

So many conflicting views here, I will take the safe bet and hold both btc and some alts in case the final result is one dominating over the other I will be diversified.

with all the conflicts of the views, i don't think there is anybody who is denying the fact that there is a risk in investing in both bitcoin and altcoins. the conflict is about "how big" the risk is.

which is why you better invest what you can afford. and always try to use your own knowledge to measure the amount of risk and think of exit strategies.

Yes, so ?

Does that make the volume go up too on the exchanges ?

Clearly MOST of the volume and market cap in alt coins is not in the last 500 coins, but in the first 30 or so.  

As I pointed out, market cap can be faked, especially with ultra low volume (create a new coin, premine 1 billion of them, sell one to yourself on an exchange for $10, and you have 10 billion market cap for a second).  But when volume and market cap are more or less in agreement concerning relative ratio's, this is real.  Especially that now, there are no significant exchanges contributing to high volumes without fees.

I don't think it is conflicting here, it bad to be hearded we are discussing about bitcoin depend on the analysis every users
 bitcoin dominance decreasing or increasing are normal in every instrument of investments,
we are just need the calculate about every risk must be taken because of investing and we are one comunity of bitcoin.