|
Title: Will we see Bitcoin dominance below 40% Post by: ArminH on November 12, 2017, 07:41:48 PM I made following prediction a few days ago:
The BTC dominance decreased sharply during the last 6 months, as altcoins become better every day. Basically I just followed the dominance drop, ignoring the the forks, to make this prediction.Then this trend ended because of the 2 forks. Now this trend will probably continue. We will see BTC dominance below 40% within the next 2-3 months. https://coinmarketcap.com/charts/#dominance-percentage Right now, it seems like I wasn't that wrong, as dominance decreases sharply. But how far will it drop? Will it ever return? Will we see dominance rates of less than 25% in the very long-term? I would like to hear your opinions, please based on facts and figures. https://coinmarketcap.com/charts/#dominance-percentage https://coinmarketcap.com/coins/ Title: Re: Will we see Bitcoin dominance below 40% Post by: freeElectron on November 12, 2017, 07:48:16 PM I made following prediction a few days ago: The BTC dominance decreased sharply during the last 6 months, as altcoins become better every day. Basically I just followed the dominance drop, ignoring the the forks, to make this prediction.Then this trend ended because of the 2 forks. Now this trend will probably continue. We will see BTC dominance below 40% within the next 2-3 months. https://coinmarketcap.com/charts/#dominance-percentage Right now, it seems like I wasn't that wrong, as dominance decreases sharply. But how far will it drop? Will it ever return? Will we see dominance rates of less than 25% in the very long-term? I would like to hear your opinions, please based on facts and figures. https://coinmarketcap.com/charts/#dominance-percentage https://coinmarketcap.com/coins/ Sure, it will keep falling just like this spring. The same conditions are present, the issues aren't fixed, on the contrary, transaction fees are beyond reasonable. And now with the coming confusion in regard to segwit1x and segwit2x, will potentially be the very bad. Title: Re: Will we see Bitcoin dominance below 40% Post by: lucifochrome on November 12, 2017, 07:58:52 PM I think so too, but since we are uncertain of the future then we can only just speculate. this decrease in value will probably last for a month or two but maybe after that bitcoin will bounce back to what it used to or maybe more. People seems to be confused with the segwit and it is affecting the market. There could be a decrease in transaction if there is an increase in transaction fees, and this will decrease the value as well.
Title: Re: Will we see Bitcoin dominance below 40% Post by: NavySeals on November 12, 2017, 08:01:44 PM I don' think so, those bitcoin cash guys will fuel out their money and the action will stop soon. They already made their money after dumping BCC from 0.45BTC region on Bittrex.
I don't think they will give up that easily but they will not be the winning side. Title: Re: Will we see Bitcoin dominance below 40% Post by: ArminH on November 12, 2017, 08:14:03 PM @ lucifochrome:
It has nothing to do with forks and uncertainty. BTC dominance decreased long before fork. Forks just interrupted this trend. @ NavySeals: Agree on your BCH thoughts, this is only Korean pump and dump. But it only influenced dominance rate slightly. The trend of growing altcoin market and decreasing BTC market is another point. @ freeElectron: You are right, fees could even increase the speed of this trend. |