Bitcoin Forum

Today I happen to notice the Bitcoin price has gone up to 5400 level. Why there is no big activity in other alt coins. I feel 54% of market cap is Bitcoin. So does it mean alt coins have no value.

I feel there big inequality or all other all coins in no way par with bitcoins as it is market leader and it is distancing itself from others in Price.

It doesn't mean that other altcoin does not have a value. Bitcoin was there first, is accepted by most people and institutions.

I would not buy any altcoins now at all. As all altcoins are being converted into bitcoin and thus amount of free altcoins is growing. Its a hard game, Bitcoin might crash after the fork. Altcoins might follow and never recover, risky business, but things could just keep increasing to $10k bitcoin.

People are selling their alts and mothers for BTC as it will split again soon and they want free BTCG. Once the price started shooting up Japanese and Koreans got triggered, where will it stop no one knows.

BUT, LTC has already made a small comeback and ETH is steady in spite of a possible split. A bit of timing and buying alts before the end of the month could prove a better move than riding BTC. 

Why are you considering all the altcoins in that markercap? Top 10 have most of the share in it and are potential coins. Since Bitcoin enjoys the first mover advantage, bitcoin became a synonym to cryptocurrencies. Anyone who enters crypto market starts with bitcoin. Bitcoin is also a center medium for trade. Thus, the marketcap dominance is unavoidable. But saying that there are no potential coins in altcoin market would be wrong. There are some really goos projects going on which can emerge as a big companies in future and most probably in coming few years, altcoin marketcap would cross bitcoin marketcap.

I feel that this gap will only close over the years, Bitcoin is the market leader and really has lead to all of the other coins but eventually they will grow larger and BTCs market share will fall. Right now a lot of outside money from investors is in BTC and BTC only

That could be one scenario, but there will for sure be alts that are going to experience growth as well.
I don't think it's a bad choice to buy, but there are a lot of things to consider.

The current rise in BTC and fall in top alts is because of people converting alts to BTC to get free coins at the fork. The situation is temporary and the current fall of alts has nothing whatsoever to do with their inherent value.

This is all just because hardfork. At November BTC dominance index will return to 45-48% and everything with alts will be fine. I mean valuable alts with real technology ofc.

It will be interesting to see which alt can stand on it's own without it's value been dictated by the rise and correction of bitcoin! Ethereum seem to be design to stand alone! Somehow it's value is still connected to bitcoin!

Bitcoin is only the "market leader" because the amount of people that know Bitcoin is amazingly large, so you can consider Bitcoin being the Gold of Crypto currency. I think in the future when more people start adopting crypto currencies you will start seeing other coins rising to the table, like ethereum, deeponion, neo ect.

That being said i also dont think bitcoin would ever go anywhere, it will always be around.

We will see after hardforks in October and November, that all cryptocurrencies (btw. Bitcoin is also one of them), going up.

The 54% market cap dominance we now see for Bitcoin might seem 'inequal', but is actually still pretty low considering BTC occupied at least 80% of the market cap before the spring of 2017. Altcoins are agressively on the offensive this year. Personally I'm diving entirely into altcoins in the coming weeks as I suspect/hope they'll yield a profit when this whole hardfork thing has passed.

I see that the bitcoine rate to $ 5,400 grew on the background of the upcoming tough fork on October 25, as demand for it rose because many people want to buy it and subsequently receive a new free Bitcoin Gold coin. After carrying out this fork, apparently its price will go down for correction and will remain at an average level, but, I think, will not be below $ 5,000.

Well, Bitcoin indeed accounts for the vast majority of all the cryptocurrencies, however, you have to keep in mind that Bitcoin price is also subject to major fluctuations just like any other cryptocurrency. Which brings us to the fact that the current pricing is not as important for cryptocurrency as people's full trust and back up. At this point we arrive to clear understanding of supportive possition of it's major holders. So the good question is how can other alternative currencies obtain such a devoted audience and manage to get ahead of others and challenge Bitcoin or even knock it out of its throne. Nevertheless, neither of cryptocurrencies are even close to that

Most people still only know about bitcoin or are afraid of the fluctuating altcoins. However Bitcoin will be a thing of the past soon, technically speaking. It might stay on top for some more time because of people and popularity.

There is no inequality i am against the idea of new split in chain in every 3 months but if you remember the first ever crypto currency invested was bitcoin that's it is said bitcoin is next gold no one says ether is next gold it is your fault no one told you to buy altcoin if you weren't greedy you could earn this profit

At this moment the daily volume of bitcoin is massive. It is almost every new day a new historical higher for Btc volumes. The alt-coins are not so behind. The volume of alt-coins trading, in general, is between 3-4 billion dollars, daily... And just growing. When Btc push it up, the Alts are just following. This change is being exponential since the beginning of the year. So in my personal opinion, there is no Bitcoin vs Alts.... Both of them are growing together...

You have to understand that Bitcoin is the first major blockchain. So historicaly, it has to lead the way.
More than that 99% of the altcoin have their value indexed on the bitcoin currency. Which means they are related and depend to it.

So it's  not a suprise that BTC dominate the market, you have to have a coin that lead the others, even if the technology is clearly not the best among all the existing blockchain.

There will be always connections between alts and BTC in BTC favor, all parities on exchanges are in  BTC/alt in most cases and most used. There is no coin who can compete with it, so they all are dumped because of BTC.. It's hard to imagine different situation in near future.Thar are only few coins who can change something, and they could do take over only if something happens with BTC integrity

yes i agree. bitcoin is a pioneer of cryptocurrency and there is too much of altcoin in the market that make all altcoin becomes burned down. but despite all of that there is still good altcoin such as atlant and many other things that look grow as well as bitcoin such as ethereum.

BTC has gained stability and popularity.
it seems stable and it is the first crypto
I suppose BTC will keep its position.
but some other coins will gain stable positions as well

The inequality cannot be addressed because its not being controlled. Its a decentralised market where people get to choose where they want to put their funds and there is nothing anyone can do  about it. Where the issue is that most Alts tries to compete with Bitcoin whereas they should be competing among themselves and that's what I seen Waves Platform making available by that, we can then compare the one which is doing better than the other one but aside that, there is nothing that can be done.

Yeah , you are right most altcoins have been slow for the past week , I didnt even got a chance to trade my alts these week cause the market was going down. I blame bitcoin for what is happening to alts, its because bitcoin is going to go through a hardfork on October 25 so a lot of people are exchanging their coins for bitcoin. Don't worry too much tho cause after the fork ends I'm sure most altcoin will make a recovery.

Its just a temporary since btc gonna hf and people want a free btg just like bch... calm down, any coin like eth and xrp gonna go well too because they being working with another company i guess... no one knows...

High expectations are main problem. I Understand those who do not trade at all and holding their BTC's in storage and they are delightful with this idea that they will get free money. I do not understand investors who selling now just because they can get 1/10 of their holdings, this is an absurd, and totally irrational behavior. Crypto is very far from mass adoption.

Bitcoin was a crypto pioneer that's why it is stable and reliable. many people believe it. some altcoins are underscored

The cost of bitcoin is really incomparably higher than the other crypto currency. Bitcoin was the first and is well known with significant user support. This explains his position among the others in terms of currency and high cost. However, according to the laws of the market, if any other coin becomes more successful and will gain more support than Bitcoin, the situation may change.

people buy bitcoins to invest in the ico this mean that higher the demand and people hold the btc means that the lower supply and moreover you can say that the bitcoin is the father of all cryptocurrincies

You are right, bitcoin's dominance on the market has grown and I think it was rather unexpected, for more and more currencies were created and getting their bites of the general market capitalization. It's funny, though. Bitcoin was all about being against the center, whereas now it is itself the center of the market, the thing that influences choices of traders and makes them dump the periphery.
Yes, bitcoin is reliable and sort of stable. Yet it would actually be better for people to use different coins instead of concentration on this specific one, because currently the transaction fees are sometimes really high whereas the needed time is still very long. Moreover, surely there are lots of coin offering things bitcoin will never be able to offer, like smart contracts.

Don't judge alt coins just because bitcoin is currently going up, The reason why Bitcoin is rising is because of BTG, People want to earn Free BTG. But I think when people already get there BTG Altcoins will be back to normal.

It seems that bitcoin has given more value appreciation rather than alt coins I thought when bitcoin appreciate the alt coins will also does because they consider bitcoin to be their mother coin and the benchmark of alts pricing. I guess they give so much emphasis on making bitcoin price higher to increase the demand and then they will start increasing alts when the demand cannot compensate by the supply of bitcoin.

Altcoins move more than Bitcoin moves, but Bitcoin seems to hold its value longer and more reliability than altcoins. It all depends on your trading style. Altcoins are best for high risk, high reward - but if you are not skilled at trading, and many people are not, just buy and hold Bitcoin.

Well I can see with your calculation there is 46% of market cap for all the altcoins. Don't forget not all of the coins are making progress through the market so this cap is also for top 500 coins which actually contribute to the market capitalisation. So yeah there is lot of price or value for these particular contributing coins. I mean it's more valued if 46% market cap is distributed over top 100 coins rather than 1000 coins with shit volume.

Bitcoin was first of its kind so people trusts and feels more safe to invest in bitcoins as it has gained a good foundation.Also prices of bitcoins attracts people and investors to invest in them, this spike in price of bitcoins was caused by Bitcoin gold and this fork caused alts coins price to fall as people cashing out alts coin to invest in bitcoins to earn profits from the fork.Bitcoins has gained an reputation and trust which makes people invest in them and breaking it would be very hard,only ethereum has potential to overcome bitcoins now.

No other coins are good too, it's just not their time. Are you buying all bitcoin before ill with a fork to get a bitcoin gold. After the plugs altcoins is active again.

Bitcoin just needs some time to stay in one price range and then altcoins grow in price

That was the main reason why people choose to stay on bitcoin cause there is a assurance that bitcoin will truly give a profit for them you are sure that bitcoin can do that and as we can see the value of it are good sometimes yes we can see some dump but not always because there is a such thing that this coin will pump again and again.

It would be interesting to see if you can get it on the rise and correction of bitcoin! Ethereal seems to be made for stand-alone! Somehow the value is still connected with bitcoin or not.

It seems to me that people will always have more trust in bitcoin. Even if bitcoin will not grow in the price it would be a more reliable asset. If bitcoin will be stable or even price falls, you can earn it by selling goods or performing work. Altcoins can only be used for speculation so they will lose value if the price of them for a long time will be stable or will decrease.

Bitcoin is cryptocurrency, and there are so many other altcoins like Ethereum and others.
 

Bitcoin has earned its present status after many years and as it was a totally new concept so it grabbed the attention of most people and once they indulged into it, they realize its benefits. Then many other crypto coins were released in the market but none was able to get to the level of bitcoin. First, BTC supply is a scarce one from the beginning and the demand has been increasing with time. That is why, altcoins can't beat it.

Yeah that's right. On the other side,bitcoin is part of cryptocurrency. I get curious when the inequality existed among the two. Maybe others say not equal due to the value is reaching so high and sometimes not. Certainly,there are different coins that can't be the same level as bitcoin because those altcoins don't have much big profits that you can get. Fortunately,if it is converted to bitcoin depending of stakes that the coins have,for sure it's a big value coming from bitcoin. Inspite of inequality of bitcoin to cryptocurrency,they are just related to each other and a partner all the time to make it equal.