Bitcoin Forum

Hi,

Bitcoin domination is under 40% and Ripple is exploding.

Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?

I don't think bitcoin domination is over. It's still the most popular cryptocurrency. Maybe someday it will happen, but you have for a long time to wait.

If another coin takes over from Bitcoin as number 1, then Bicoin's domination will be over.
ETH actually got fairly close once, but it was a blip.  XRP is in a super bubble, it will fall back down.

There is so much new money in crypto at the moment and Bicoin has been sideways/down for 3 weeks (i know how ridiculous that sounds) so people are moving into Alts. Bitcoin is still THE coin. Ripple especially is more complicated than Bitcoin and lacks most of the advantages of Bitcoin (as well as some obvious disadvantages)

People tend to think that once the prices decrease, another cryptocurrency will dominate the market. Well if you are looking for short-term gains, then investing into some altcoins like ethereum, lite coin, ripple, etc. might be a good idea due to their potential in price. But bitcoin's price has been a little-stable since its price drop last month. It has been staying around the $14,000 mark. Personally, I found it funny that people who complain about NOT investing into bitcoin when its price skyrocketed up to $20,000 are the same people who are attacking and saying bitcoin's era is over. Embrace the opportunity and let time do its magic.

Yes, we can’t just look at the dominance ratio as if that was the only important factor. At the beginning of this year, $14.000 per bitcoin seemed too optimistic and here we are.

One thing is true, the problem about speed of transactions and fees must be solved. The sooner, the better. Otherwise I do think there is real risk that some alt will take over bitcoin as the number one currency.

People for once should stop paying attention to market caps. Market caps don't say anything about acceptance, usage, and the list goes on. Ripple is centralized corporation garbage that has no real use.

It's funny that always noobs end up worrying about market caps. It shows how little they know about this market and how insignificant market caps really are. Altcoins battle with each other, not with Bitcoin.

And honestly speaking, the top altcoins according to me serve the lowest form of purpose, especially in case of Ripple. The best altcoins solving problems are way lower valued than all this hype driven garbage.

when a coin worth less than $2 is getting close to bitcoin which is above $13000 and you are talking about dominance, you have to start thinking something is wrong with what you are saying!

i mean seriously you are talking about taking over bitcoin with a coin worth $2. where in the world does that sound like a "take over"?

not to mention how centralized they both are and how it keeps pulling out billions of token out of their ass. :D

Yes bitcoin is going down the drain. That's why it's up 1500% this year.

People just look at the numbers and they do not see the overall picture,it only shows that it is very easy to manipulate with the market.Many altcoins see their chance to push forward in this hard time for BTC regarding slow transaction and high fees.Since most users are in crypto world just for quick profit and they look only numbers such headlines do not surprise me personally.

I do not see any other coin on that marketcap which has a long-term future,but developers in BTC world have to take some action urgently and start to solving scalability problem-without some improvements in this regard it is difficult that progress can be made.

Probably yes, the dominance is everyday getting more lower, and that is really preocupant.

I always knew that there was going to be a good correction at some point, or just at any time, but not this kind of huge correction like we are having right now.


I still have hopes about what is going to happen about bitcoin, but seeing that it has less than a thirty six percent of dominance is a worrying situation.

Excuse me? I completely disagree with you. This is not, at all, a huge correction. This is what is normal to be happening after a year of insane returns. The only thing is, if there weren’t alts gaining market cap vs. bitcoin, people wouldn’t worry as much

We are having a normal correction and it seems that if bitcoin price doesn’t keep growing 50% every month at least, this is the end of the world.

I dont think bitcoin domination era is over though price is dropping fast still I have faith in bitcoin. Actually this is normal that we can see of the price drops so fast. Thus, this is not over yet and time will come to rose again.

My god, are you for real here? I mean, is this the level of Hero Members here nowadays?
Do you even know what supply is?

Bitcoin is another form of money, so it has to compete with all others. I think it has become a victim of it's own success, by receiving a massive amount of inward investment recently. That has caused the blockchain to slow down and transaction costs to increase. If it costs you $15 to send $20, then it has less value. It may however still be useful for larger and fewer transactions.

I never pay attention to the titles. They mean shit. I just opened an account a while ago so I could start adding to the conversations, but I have been in BTC since back in the faucet days.

In the past you could actually pick out the knowledgeable types by use of titles (and account age), but that was mostly around 2013/2014. Indeed, nowadays its value appeared to have gone down the drain.

No , I think thid is not the end for Bitcoin. What we are experiencing is only part of its volatility so what we should do is to just patiently wait. Holidays are ending which is believed to be the reason that makes the market price of Bitcoin low. And after holidays, its value is expected to be more expensive and will continuously increase eventually.

Bitcoin still dominates, there should be no doubt about that. Although altcoins are moving very fast, it doesn't mean Bitcoin domination is over. Not yet. However, it seems that some altcoins could overtake the position of Bitcoin as cryptocurrency. If issues like high fees and slow transactions are not eliminated it could be over. Litecoin and ripple are coming up and as currencies they have better advantages.

Not over, but the tide is shifting.

bitcoin has died many times

https://99bitcoins.com/bitcoinobituaries/

Not it isn't. Bitcoin has been down and dead several times, even in last December last year, price also fall dip. This is not about era over, this only condition which people are interest convert their assets into Cash for a time, we can take a look other coins such as Eth, BCH, etc, there are value going down same as Bitcoin in this December.

If by domination you mean bitcoin having a greater market cap than all other alts then sure but that was inevitable, if you mean that it won't be the no 1 crypto soon then I don't agree with that.

No it's not possible.The price of the current price is normal.The sooner it comes to the old stage.This has happened in the past.Bitcoin most popular crypto currency in the world . Now still famous and number one crypto currency

Bitcoin's dominance is dropping due to the growing market share of non top 10 altcoins - at the moment their share is sitting at historical maximum of 18%. Ripple is also contributing to this shift, and it's market share has spiked recently. However, the good news is that Bitcoin is not in danger of getting flipped - when Ethereum was closing the gap there was a 7% difference between its and Bitcoin's market share, today this gap is 18%, even though Bitcoin's dominance is on the same level as during the first near-flippening.

And as for the long run, Bitcoin is technologically superior to any altcoin, most people just don't know it because they are not experts in cryptocurrency technology and easily believe in all the hype that altcoin projects are feeding to them.

This is a great argument that I support wholeheartedly.
Just take a look at where the greatest developers are working - it is Bitcoin and the services and wallets surrounding Bitcoin.

Most teams of the bigger altcoins consist of PR guys and other people, who mainly market the coin to the public
and shill their respective altcoin on social media all day long. Most of them probably know that their altcoin will never compete
with Bitcoin and therefore are just trying to unload their holdings that were often acquired at really low price levels to
gullible investors.

bitcoin dominance is very prominent and reasonable if now btc began to weaken because so many people who sell btc at the time of Christmas and New Year. but for this XRP price spike I think it's surprising to many people. because not many people thought this was happening

I think this is just a temporary thing, I don't think the whole community will shift to something else other than bitcoins as prices are just on a temporary correction and likely it would bounce back by January. Ripple is indeed doing good but it doesn't mean it would replace bitcoins as this is likely just another pump and dump and the dump will happen when bitcoins do go up again.

It is surprising because it's a centralized altcoin. Most bitcoin supporters won't go after xrp. They'll rather see a bitcoin competitor like BCH take over than a coin made by bankers for bankers. It would be a disaster IMO. Also, with the number of xrp in circulation I don't think it will ever become the king.

We will probably see a massive correction soon. But btc dominance is not a very significant stat. Coinmarketcap continually adds new scams, shitcoins. Bitcoins share of the total market will naturally go down. The ripple pump is ridicilous and it will dump back soon enough.I would not be suprised to see btc dominance above 55% in Januar.

The same scenario was applied during ethereum pump too. Remember the dominance dropped down below 40% at that time. Then it rised over 60% easily.

If I wanted a centralized company coin like ripple I would have to go to Wallstreet. And just to rubbed in... Ripple trash just went down again. Probably ripple company saw his chance to dump some of the 80% coins what they have.  ;D

I would not be surprised by the dominance of bitcoin and other coins as more and more new coins emerge but that is not enough to stop the bitcoin dominance is king.

Ripple is not even a crypto. and is way under 40%. Bitcoin have most development and will stay on top.  Marketcap can be pumped specially of PoS or tokens like is ripple. They can just print ripple like USD or Euro or CNY.   Even if ripple tomorrow have 9999999999999 market cap to me dont matter anything.  To those that trade it left and right will mean to me nothing. It is totally useless coin for me.

As long as people are building Bitcoin infrastructure (ATMs, payment systems, etc.)
As long as Companies are building trading platforms, ICO's, future markets, etc.
As long as drugs are sold in BTC.

I think we still have some growth...

As soon as the ripple craze is over bitcoin dominance will be back up. And even if it's not the bitcoin dominance is not the best way to decide, it's btc vs all the altcoins, kinda unfair. Ripple is not the best crypto for obvious reasons states many times in past, it will never surpass BTC, but it can still become popular.

Bitcoin was at 66% market domination in Mid-December 2017. This basically shows that people are moving to other altcoins with more speed, and less transaction fee, such as Ripple, Bitcoin Cash, or Dash.

Uhm, no. The market cap doesn't provide any type of information that let's you reach that conclusion, that's just you being biased towards altcoins.

The btc dominance has gone down mainly because its dollar value has decreased, and the rest of the market shares like the non top 10 altcoins (except Ripple) have actually gone up by a lot.

And Ripple is just a banker coin getting pump from hype and rumours, not because there's actual belief in the project. Besides, if Ripple releases more XRP into the market, its market cap will go up by a large margin and the btc dominance will go down, does it mean people are getting attracted to a centralized crypto? no, it just shows how easy it is to manipulate the market so that newbies and crypto newcomers like you think that people are  leaving Bitcoin and moving to altcoins.

I still think it is too early to tell if indeed Bitcoin's era is over because this has happened before -- the price decline upon the opening of the year. And you know what happened? It broke another record during around the second week of January. Hence, you can never tell if history will repeat itself this time around. I am still hopeful, though, that it will break yet another record come the month of January to open the year with a bang. It times like these, we can only rely on good data to somehow forecast the future. There is so much to consider given all the circumstances that can contribute to Bitcoin's price fluctuations.

lets compare market cap of bitcoin against ripple https://coinmarketcap.com/
BTC marketcap is $235,472,091,395
number 2 is ripple with $93,145,562,045   
according to that number ripple is 39,5% marketcap from BTC
not even half from BTC marketcap
so i can not said that Bitcoin domination era is over

People are buying ripple as they want to make profit in terms of btc. People will sell ripple when they will get the enough profit from it then max of the capital will come back into btc again.

If you want to watch Bitcoin's market dominance percentage on coinmarketcap.com go down even more, just keep adding hundreds more shitcoins with completely fake marketcaps to the ever-growing list.

And voila, magic! Bitcoin's percentage shrinks. It's literally that easy.

40 percent is still massive for bitcoin and if it reduces its a sign of growth for the crypto market which should be seen as a good thing and not going doing the drain.

Bitcoin is still dominating compared to other altcoins which are collectively  over a thousand of them and still growing in numbers

Bitcoin has died many times, but it was the crypto monopolist.  As crypto wasn't going to die right away, bitcoin revived.  Bitcoin lost its monopoly this year.  It went down from an >80% market dominance (that's a monopolist) down to the 40-60% market share.  In reality, bitcoin's true market share is lower, because about 20-25% of the bitcoins counted in the market cap are non-existing (keys lost, can never participate in a trade any more, hence don't influence price).  So in reality, at this moment, bitcoin's market share in market cap is of the order of 30% or lower.  It is still the market leader, but not the market monopolist any more.
This number is, moreover, entirely credible when one looks at bitcoin's market share in *volume*.  Bitcoin has, at the moment of writing, about $16 billion volume while the crypto market has $41 billion volume.  That's a big third too.

Bitcoin is about the most clunky coin out there, with crazy fees and forever limited blocks, but it has one hell of a brand name.  In fact, that brand name is all it has, but bitcoin's value being a recursive belief system where the name is all it is, that's a hell of an advantage.  I wonder how bad bitcoin will have to become technically before the brand name cannot make you forget it clunkiness.  Bitcoin's energy consumption is now that of a small European country.  If you're a newcomer to bitcoin, where you are going to be your own bank, you'll have to pay a month worth of unlimited internet access to make one single transaction (for instance, between two of your own addresses), and if you're not generous, you will wait until tomorrow to know if the transaction took place or not.  Welcome to the smooth world of advanced finance.  Do the same with, I don't know, monero, litecoin, ethereum.... and for a much smaller amount of money, you have done your thing 5 minutes later.  You wonder how this dinosaur is still the market leader.  And then you realize: all this is just a name game, and bitcoin is one hell of a name.  There's nothing "real" in this.  You're not really going to pay your coffee with bitcoin, like the propaganda books sold it 5 years ago.  You're most probably not even going to use an expensive bitcoin wallet.  You're just going to buy some on an exchange, and hopefully sell them again for a benefit (which will be paid for by another guy doing the same but with less luck).

Bitcoin still has the most confidence among new investors. Even with the growing altcoins position, perhaps the btc will still dominate.

No not at all mate, it doesn't seems like that.
Market is still dependent on Bitcoin, a few thousand dollars increase in bitcoin price can ruin the whole market of altcoins.
Ripple is no doubt one of the best altcoins but don't compare it with the king of the cryptos, the dominance of bitcoin is still there, your perceptions are not really true.

Btcoin still dominating, and right now a lot of users swift to alt to look for profit not using it for do transaction, they just used it for trading, and in my opinion there will be no alt coin that can take bitcoin place yet, even xrp is exploding but we know that with that high speed growth it will have a great correction

I don't really see a future for bitcoin. Its block chain technology doesn't scale well and Lightning Network, I just don't see it working other than in a really centralized environment, but banks seem to prefer Ripple so I doubt they'd adopt bitcoin.

ripple still far away from bitcoin and even ripple is exploding, bitcoin still be the adjustment for ripple and another coin as we know bitcoin is in the top position. although ripple increase in the price, it doesn't give too much impact for bitcoin and even if the bank wants to adopt ripple in their system, I don't think it will make bitcoin domination is over because people still know bitcoin as the top of cryptocurrency and they have a big chance to make money with bitcoin than ripple.

It's not that far away, as we speak Ripple just broke $100 billion so BTC is only 2.5x higher at this moment, if Ripple keeps ripping in 1-2 weeks Ripple will be nr 1. Who will care about Bitcoin then, if it's not even nr 1 coin anymore and failed as a payment system ?

Not at all. Do not make up your mind of the last couple of weeks alone.

If you think so better if you sell your Bitcoins and then buy Ripples then let see if your speculations are true. No one can stop bitcoin that this temporary crash is just an isolated case in which people are selling their bitcoins because of the holiday seasons so better you buy much more today because bitcoin now is slowly rising up.

Well, it is quite the opposite.  I can't use bitcoin any more on Openbazaar.  I'm not going to pay a fee of $30 for something that's worth $15 and not even be sure that the transaction will be processed.  When I want to buy some coins, I take fiat to an exchange, and I'm not going to get out bitcoin, but rather something like litecoin or ethereum to my wallet, to put this on a crypto-only exchange where the coin is available.  With bitcoin, I would need 2 transactions, costing me $60 or so.   Bitcoin is simply unusable, unless for very big amounts of several $1000 so that the fee doesn't matter much.   The ONLY thing you can do with bitcoin, is keep it.  You can't seriously use it any more.  Almost all other big altcoins are better at that: faster, more reliable (no big mem pool) and cheaper.

The fact that the simple Segwitx2 was "too hard to implement" (LMAO: simply changing a parameter) killed it for me.  Clearly, bitcoin is going all for banking (LN) or nothing.  No mere mortal shall transact on chain, only whales will.  That's a great idea if you're the monopolist.  That's a much worse idea if you're losing market share and the competitors are better.

I agree with that.  The only thing the LN will achieve, is a banking layer.  Yes, it will be a good idea to have a LN channel to your preferred exchange, which will become your bank.  And yes, exchanges will be part of the LN and you will be able to transact amongst customers of different exchanges.  And yes, they will impose KYC/AML, you'll have to provide ID and everything and they will demand fees and costs and know everything about your transactions: exchanges will become your bank.  
It DOES have the advantage over normal banking that they cannot confiscate your money, and that they can't go broke and take your money, that's (almost (*) ) true.  But all the rest of banking will be the same: they can stop transactions, they know your transactions, you'll have to pay costs and fees and so on.

(*) almost: because if a big exchange goes broke, there are too many LN customers linked to that exchange to be able to settle on chain within the allowed time frame, so there will be the equivalent of a banking run, but for block chain room, and fees will probably rise over the value of your holdings.  After that time frame, the exchange can still run with your money.  In other words, the only cases where the LN would protect you when a normal banking crisis wouldn't, it doesn't work with small  blocks.

Remember the silliness of small blocks: so that Joe can run his full node in his basement with a small hard disk.  Well, if Joe does 3 transactions, he has to pay as much in fees as would have cost him a 2TB disk.  And if it continues like it is going, soon, Joe can even buy a new PC and his wide band connection for the price of 3 transaction fees.

Who cares? Just watch the Bitcoin supply growth diminish, all while Bitcoin remains the "name brand" coin. It is already an appreciating collectible, destroying the US dollar in competition.

You people focus way too much on functionality. Speculative purpose, digital gold (much better than gold), and name brand are very viable factors.

*If it were about pure functionality, BTC would long be gone from the top 10 - not even close. People don't really care though.*
I can guarantee you the average American crypto investor has no idea what Blockchain is, or even a rudimentary understanding of the technology behind most (any?) of these coins, at least. I can't guarantee other countries, but America I can.

LN will of course make transactions very viable, adding something on top of that.

People would rather hold "the original" BITCOIN rather than RIPple, a cold functional coin which the bankers hold a massive supply of.

Also, don't buy XRP. XLM is much more undervalued.

Nah, actually as long the price of any alternative coin is not equal or much higher than bitcoin then it all just one more speculative view without a totally possible future. When we talk about cryptocurrency we could only think one as the ultimate number on top out of all, and that is bitcoin and I doubt it would be replace sooner than a 30 years from now time lapse.

I dont think that we are seeing the end of bitcoin domination era, bitcoin is a strong coin that many people are investing in it and ripples sudden explosion is only a bubble, people find alternative when a product faces many problem but in crypto currency bitcoins problems has many solution in the weeks to come.

I don't think that the bitcoin domination ever will end. It rise a lot too quickly and hit investors confidence. There is no way to know if this is a bubble or not. Also the reactions of the market is very news I think so. But i think sooner or later the price of bitcoin will stabilize and nothing can take it's place.

The price bumps and dumps are temporary with bitcoin so the price correction was done after huge price bump from the last three months now the price of bitcoin stable and started to increase so bitcoin is still dominating the crypto market and it will be forever too. 8)

I do not think bitcoin is going down the drain, and it may retain its first place, but the overwhelming domination is over. I think there will be several cryptocurrency niches. Bitcoin may be a good investment instrument, but it is not a viable payment system. Ripple may take this role, and some time it may even become no. 1 by market cap.

It isn't completely over it still has 37% which is still lot but yeah as alts are surging the only way to still buy these alts is through btc in many countries , exchanges do allow usd or local currency trade but majority still buy btc first.
The dominance will fall further the it won't go below 30% not to forget btc is still the best investment for new investors.

So far still has the highest value coins out there in the cryptocurrency world so meaning it is still the most popular coins in the cryptocurrency which is known by the public. And besides the price has not yet decreased 10,000 USD so it is very much a competitive price which can cope up with the other currency out there.

Just on the contrary. Bitcoin domination era has just started.
I don't see any so prosperous potential altcoin to take the leadership among cryptocurrencies. Bitcoin will remain at the first place. Don't take statistics so seriously, it doesn't always show the true situation on the market, sometimes it's just the play of numbers.

No... Bitcoin was at 66% market domination before it started dropping to 36% market domination. Bitcoin lost the market domination because of the transaction issues such as high transaction fees and very slow transaction speed. And now Bitcoin Lightning Network is here to speed up the bitcoin transaction speed with ZERO transaction fee. Very soon bitcoin will be back on the track and this time no mercy bitcoin is going to dominate 80% of the cryptocurrencies market. :D

The year has just started so we can't say that the era of bitcoin will go down. I am sure soon it will going to explode and will continue to dominate crypto world. I think this is the best time to buy and hold bitcoin as we know once a king will always be a king and wait for the price to go up.

Ripple just crossed the 50% market cap of BTC, that's a new high ! And a new low for BTC dominance itself, down to 34% ... I think it's game over for BTC soon. Too slow, too expensive and Lightning Network is a joke.

If you are dumb enough to believe the market cap.. then you deserve ripple.  LOL.. I can make a coin with a total of 100 Billion.  Give out 1 to myself and sell it for a dollar.  Wooohooo, my coin now has a 100 Million dollar market cap.   Remember when Banx.io had a coin up there with some crazy numbers.

Nonsense, the Ripple (or any other) marketcap is calculated on basis of the circulating supply (38B) and not on the total coins (99B). In the latter case Ripple would have surpassed BTC already. But now we have to wait 2 weeks for that to happen ;)

Everything is exploding, coins like NEM and TRON up more than 70% in 24 hours while BTC ... is just doing pretty much nothing. That's an extremely weak sign. The game now is: which coin is going to replace BTC, that's why everything but BTC is exploding. BTC itself is done.

Ok, show me how many are in actual circulation.  I'd like to see an address distribution list like the one for BTC.   

Ripple.com/xrp/market-performance shows

Ripple currently owns 6.37 Billion XRP

Ripple escrow by 2017 end is 55 Billion xrp.

Total XRP in the wild is 38.622 billion xrp

The 38.622 billion xrp is in question. Try following the endless circles in ledgers is nearly impossible to deduce ownership or where the majority of those xrp currently reside.

We know that 20bn xrp were gifted to the original creators. Where are those accounts today? And the excess 18bn xrp, who are those top holders and addresses?

Perhaps there is a list of top 200 xrp addresses.

For that matter, which address is currently holding the 55bn xrp?

There's a lot of ummmm. no idea's but it's great going on here.

2018 is going to be a very interesting year for bitcoin. I don't think bitcoins dominance has ended but it sure is the beginning of the end. By this time 2019, I wouldn't be surprised if there will be another coin that is no1 on coin market cap. However its important to note that even then BTC will be king. If you ask any ordinary person what ripple is, they won't know what the hell you are talking about. But ask them what bitcoin is, they will have an idea.

Bitcoin domination is not yet over, its just taking it time out in other to let other cryptocurrency to have there time; I mean everything works in stages by stages but do not be reluctant soon again it will be the subject in the world of crypto. Its among the most popular coin in digital that did cause the emerge of some cryptocurrency, so it won't just fade away easily. Be ready when it comes.

Just listen to yourself. If you think BTC is done, then you truly deserve ripple and do not come back here crying when Ripple decides to take you for a bait and unleash its centralized power on you. I would not say more than that. Go back in history, and watch the actions of alts and bitcoin and then you will know better than what you just said.

Point is, the volumes are on par with the market cap.  Bitcoin has 1/3 of the market cap of crypto, and *also 1/3 of the volume*.  These are two indicators giving its true significance.  XRP has half the bitcoin market cap, and also about half its volume.  So all this makes sense.

I think bitcoin will increase

Bitcoin will survive because Bitcoin has a tremendous power. With increasing public confidence in Bitcoin then I think the crypto world will increasingly show its strength. I've been using Bitcoin for the last 3 years and I think the decline and price increase is common, It will be a better thing in the future.

You're asking about the currency that's not in circulation. Again, like I already said, that is NOT counted as market cap. ONLY the Ripple that's really in circulation is counted.

Thanks, I feel like I deserve it too. Never made so much money in so little time

Exactly. That debunks those Ripple naysayer conspiracy theories indeed.

No , this is totally wrong to speculate such things .
Even though ripple is doing pretty good it still doesn't have half the value of bitcoin and it still doesn't have such amazing coin base as that of bitcoin .
Bitcoin has taken years in order to attain that level and it would not be possible for ripple to get that place in couple of months of its inception . Bitcoin is still the best despite all arguments .         

This is the major reason why ripple might not go further than it is because ethereum tried to over come bitcoin in market capitalization sometimes ago and it was beat back and since then bitcoin has give it a very serious gap and I believe ripple coming close to bitcoin is going to witness the some things. I think bitcoin bitcoin dominant is going to remain for a long time and I have see bitcoin as a coin that can do what others coins cannot do.

Bitcoin was unquestionably dominant until the point when its capacity began to struggle to handle the volume of transactions a couple of years ago. As that debate dragged on and on without resolution so the dominance has continued to fall and fall. It appears just now as if bitcion is failing as an electronic cash payments system, which is what it was supposed to be.

Eth nearly took the crown until some countries began to clamp down on its only main use case (ICOs) and it encountered scaling issues of its own. So that was the end for the challenge of Eth, for now at least.

Segwit so far achieved jackshit. Adding lightning network ie a banking layer is supposed to be the fix. And perhaps is a good fix. Most people who stayed with bitcoin are happy with it. But I don't like it, bitcoin was supposed to empower you to 'be' your own bank not require you to open a channel to a 'bank' to reduce fees and wait times.

And I hate ripple which is centralised shit, and loved by bankers also.

However the massive rush of new investors flooding into the cryto scene (in majority case you might say unsophisticated investors), they don't care at all about such idealisms of escaping the banking system, and will happily embrace Lightning Networks and / or centralised Ripple shit. Hence we see what we have now tokens like Ripple and the Lightning Network receiving massive investment.

Sign of bitcoin's drain? End of bitcoin domination era? Just because there are some other coins that are pumped? What if bitcoin will start moving in a quick way again, so it will make you say that bitcoin's era is starting again and altcoins will be dead. I don't know why people are bandwagon like this, if you are a supporter of bitcoin then just support and if not then go with your alt.

Yes it goes in circles, and gets predictable after a while.

Bitcoin has not gone and if/when LN is active it will have epic pump. I always said big money will support Lightning Networks.

I can not understand why in recent years a lot of information is spreading in a negative way, in relation to Bitcoin. I think that the future of bitcoin future is not so vague and not as bad as others try to imagine. These are other users. To date, we see an excitement around the prices for Bitcoin and how popular is the coin among the society, so even from this it can be assumed that Bitcoin will still be at the top of the leadership among the crypto currency.

It's a good point, needs to be remembered, although 'dominance' has fallen, the only thing the interested potential investor sees is that it made gains of 1000% which dwarves anything they've experienced.

When it's starting to give a pump those people who doesn't have it will not have a good ride on bitcoin's movement so they just hate to see bitcoin pumping. Remember when there's a king there are people who are against to it. And that's what is happening to the market right now, considering the high fees now well that's given as the price is increasing too and we are all affected with it.

Waiting for LN for sure it will solve current problem and will give a nice blow.

At this point it's safe to say that the implementation of lightning network has more priority to the entire market than having more institutions buying themselves into Bitcoin. More user adoption means Bitcoin is needing to be able to cope with the demand in an appropriate manner, which at this point isn't possible unfortunately. It basically means that based on a potential lightning network implementation, it will either be another crazy year (in positive terms), or it will be a flat year where altcoins will continue to grow at cost of Bitcoin. It just points out how important lightning network is.

Yeaaa just keep thinking simply like when altcoins go up and bitcoin just stay what possibly happened later in bitcoin when there's a huge fundamentals like LN activated?
Of course an expected pump should happened because it attracts investor to keep supporting bitcoin development.
Besides taking profit! The value of bitcoin will always increase as long as there's something make a lot of people interested and then bitcoin will always dominating cryptocurrency.

I'm not sure that bitcoin is done because bitcoin still plays an important role in the development of criptocurrency and so far the price of bitcoin in the market is still the highest but the bitcoin price now I think has started to reach its growth limit so that the rate of increase is already low so it sprung speculation that says bitcoin has started ends.

Until now bitcoin still dominates, and I don't think it will be over soon. As you can see, no other coins can match the price of BTC in the market, even if they increase BTC still goes up.

Maybe you hear a lot of bad news about bitcoin. many people give negative reviews about bitcoinbut it does not give any bad effect on bitcoin? in fact bitcoin increasingly known to people in various countries. many people began to adopt bitcoin. bitcoin prices are getting higher. then the government is increasingly confused how to stop bitcoin. with the ban perhaps the government thought it could stop the dominance of bitcoin?

Far from it. We've seen how btc moved to 20k last december and people are all praises and then went to panic when it dropped by the end of the year. Alts will have their runs there's no doubt about it especially xrp since banks support it, but bitcoin is just getting ready for another good run this year

No it's not.
Altcoins getting pumped just because of rumors and shilling on all social media places, and of course "because they are cheaper".
Don't get fooled by the recent altcoin run.Many of them don't have a running system, entered the stage just a few weeks ago and are now worth several billions of dollars without any substance behind it.
That's will speculation and FOMO buying out there. Lots of people will get hurt.

Bitcoin is doing fine. We will see some really interesting feature implementations this year. Schnorr sigs, bech32, tumblebit, the first sidechains may enter the stage, atomic swaps, Lightning making great progress.
Look at the fundamentals and you know Bitcoin is doing what it is doing since 2009. It evolves and is growing. That's all you need to know.

I don't think so, on the contrary, I think the ruling power of bitcoin still exists, and in a few years no one altcoin can challenge bitcoin. Yes, the past year, resulting in a large number of altcoin, some of which have an advantage in fork transfer fees and payment speed than bitcoin, but the market for coin recognition is not a day can change the currency in the expanding community, encryption, but bitcoin is still king.

I really cannot wait for what the announcement of the Lightening Network would cause for the dominance of bitcoin. Honestly, it was becoming seriously frustrating and annoying with the network fees and longtime of transaction, but with the LN introduced, come on !

We all know the huge level to the moon this is going to end up creating. I would not be bothered about the alts trying to do good now, it is best to watch out for the moment when bitcoin takes over.

I don't think so. Bitcoin still top the list in cryptocurrency industry. In terms of sustainability bitcoin aready have proven its place in the in the cryptomarket. It still the most popular and trusted cryptocurrency inspite of its decrasing value. In time it will recover and get back with a high poce. Also, the expenaive should be taken also in consideration it might be the one to hinder bitcoin to he te most patronize among cryptocurrency.

The domination era is taking a break now, when it turns back, the market will observe a great imporvement in bitcoin price and it will reach 45% dominance rate. Remember we came here from 60% domination.

Btcoin still dominating, and right now a lot of users swift to alt to look for profit not using it for do transaction, they just used it for trading, and in my opinion there will be no alt coin that can take bitcoin place yet, even xrp is exploding but we know that with that high speed growth it will have a great correction.

It is incredible how bitcoin can be trading at 17k and people think that bitcoin is over, the dominance of bitcoin will go down, there are many other projects that are worthwhile and that deserve recognition, but with a massive market cap bitcoin is in no risk of going down the drain.

I think the dominant currency is the one in which the largest number of real payments pass. And this is undoubtedly ETH.
Given the entire ecosystem that has developed around ETH, I do not even know what competitors should do to press it.

Maybe Eth have got the largest real time payments transaction, but the cryptocurrency network is calibrated with bitcoin as the base. There is nothing as dominance, as it evolved first and stands high, it is given priority than other altcoins. I believe the past year to be common as other years and hope similar growth will happen with the ongoing year too.

Yeah, we are just starting a new year and I remember early last year and how things really started. It is good that we are seeing the alts doing well now, but I would rather stay glued to the news and the charts to be sure I do not get too comfortable.

We all know what happens when a huge news or something really important is about to happen on the bitcoin network and the effect it usually have on alts, so when the time comes, better take your profits out from some alts, because that would be the time, some of them are going to experience some high level of death.

Cant say it for certain but for some reason it is not what you think it is. It is a matter of possibility. If it were that to happen News about it will be spread like a wildfire. Even for a small news about Bitcoin we now see it as a threat or  thankful in any manner. This is a phase where Bitcoin is at a Good state this is normal going up or down is natural for Bitcoin.

Bitcoin has recovered and the price is going to $17,000. Its still up to 36.2%, although still below 40%, but there is a sign that it will continue to dominate the crypto market because the price is going up again. Ripple needs to double its marketcap to really topple bitcoin, however, the last 48 hours, the price of it is going down really fast and I think some investors are again moving to bitcoin. I can't really comprehend people thinking that bitcoin can be overthrown. It been in its existence for the last 9 years and no one has really  challenge it. As for Ripple, its just another pump-and-dump coin. Once bitcoin march to $20,000, it would be really difficult for other coins to really catch up with. If there's a coin that I think that should overtook bitcoin is Ethereum, smart contracts will be the future.

Keep that in mind that bitcoin will not be on top if this thing do not have the characteristics of being a dominator from the past years. but now some alts has a better uses and their specification is much better than bitcoin. but in my opinion i will hold mine as long as bitcoin is on top.

Bitcoin without a doubt is still currently dominating the Crypto market. The thing is, certain alt coins are closing in from behind quite fast. They are seen as threats for Bitcoin.

yeah yeah ripple is increasing and currently pumping all the time but that does not mean it can now dominate the entire market or dethrone other coins like bitcoin and etherium.  bitcoin has infact recovering right now due to severe crash that happened last two weeks ago. on the other hand  i think ripple is just manipulated by whales and it is also happened to bitcoincash recently but then again bitcoincash hype has been temporary and etherium is still back on the second spot next to bitcoin.

Bitcoin dominance is over, me thinks. There are too many coins that do everything faster, cheaper, and better...

Ripple is a large infrastructure project. He can not be just another pump-and-dump coin. When bitcoin becomes again 20 000 complexities will arise first of all again in bitcoin , bitcoins will have huge payments for transactions. How to avoid this is not at all clear. I agree with you that ETH is the future, for me it looks like the most working coin now.

Lets see how far the market will go. And BTC is far from being ended, its not even at 10k and its price is slowly climbing again, last years january is like this and expect in the next few months that it will rise again, it is just experiencing some major downfall because we all know that there are so much to be fixed. There are so much to be done and the markets are still manipulated by waves(whales). In the long haul this tides will come down, better technology is coming and BTC will rise again because it has the unbreakable technology through the years.

Bitcoin wil dominate the next five years. But in the mean time many other altcoins will die. At the moment i dont see any coin who coul dominate the market which is suitable to take on all the transaction worldwide which can be used as main cryptocurrencies to pay. But the time will come when someone will release such coin.

People were saying similar stuff just one year ago and I remember hearing the same thing 6 months ago and after bitcoin cash came the same was said, when are you going to learn that killing bitcoin is not that easy, ripple is just having a good run that is all.

Though Bitcoin's dominance is under 40%, it's still dominating other cryptocurrency. Thus, Bitcoin's dominance is still there and unbeaten. Ripple is just pumping at the moment. Sooner or later it will dump and Bitcoin will increase in value again. This is just things work so there's nothing to be paranoid about.

but how much will this continue? Indeed the price of Bitcoin is very high and I think that all this can explode. How can we predict the future development of the situation? I think that we need to rely only on our intuition.

There wont be 1 single currency to "dominate" and it's not big news to the world in general if alts pass bitcoin, it's only big news to a concentrated minority on bitcointalk.

We're expecting an eco system of coins to establish a foundational infrastructure of the IoT using modular implementations that will streamline computing resources between all chains and interconnect them. The trillions of txs in coming years will not be secure or capable for 1 single or even a cluster of 10 cryptos to support.

We are witnessing the very beginning of one emerging ecosystem with 3rd generation masternodes which are growing together in a cluster of 40 or more.

The replicable nature of digital tech, especially blockchain, will prevent monoliths like bitcoin from forming again, newer introductions will happen in clusters 1st,2nd generation and so forth to enable adopters equal footing in the return on investment and dividend yield as we witness with masternodes: once a node is too expensive, there is a new introduction for the people who missed out.

Value proposition of bitcoin right now is based on strange and unsustainable fundamentals, sentiments is lagging actual technological progress, there is  a myriad of newer chains with instant and low cost transactions, the public in general is simply not aware of it yet, recent x100 like raiblocks should be an indication of whats to come, I expect not 1 coin at 1tn but 100 at 10b, many opportunities to profit immensly right now if you work your way down the Market caps with proper chain analysis.

No, it has just begun! Many of large investors and campanies jumping into Bitcoin because they did well research and saw the growth of Bitcoin in coming days. Bitcoin golden era has to come.

Bitcoin domination is never over! there are some few problems with bitcoin transactions that caused people to pay high transactions fees and also experiencing slow transactions. Once the lightning network is implemented over bitcoin netwoek it would speed up the bitcoin transaction speed with zero fees. Once the updated is completed bitcoin will be faster and smoother than ever and that time bitcoin will recover the lost market domination of about 31% with the 66% of cyrptocurrency market dominance.   

Bitcoin is still the king. There always up and downs. It's like seasons, there are bright days and there are gloomy days for the coin. It's just giving a chance for altcoins to keep up.

That seems like a temporary upward blip. The downtrend in Bitcoin has resumed and now it's dominance is in danger of falling below 30%. It is not just Ripple, all altcoins seem to be frothing. Plus you have ICOs which keep chipping away at Bitcoin dominance slowly but steadily.

You're shit talking again.?! :D
"Oh Bitcoin will go down because and become worthless, useless" because of a manipulated meaningless metric?! Man I don't know what your agenda is, but you definitely have one.
95% of ICOs are scamd and will disappear. From the other 5% who may be legit, 4% will fail as startups and only 1% will survive. So I don't know what should be so interesting about ICOs who are just a quick money grab, mostly for it's initiators and people of the inner circle who help to pump that shit for a short while.
With most of the altcoins it's the same. The vast majority of them will not be known anymore in 2-3 years. Look how many coins from 2013 or 2014 are still around. Not that much I would say. This time won't be different.
The whole space has become extremely scammy and hyped. It's all about marketing to fool the newbies and make a quick buck.
Bitcoin will just do what it does since 9 years. Ignore all that crap and keep progressing. Schnoor sigs, bech32, tumblebit, Lightning Network, Atomic Swaps, sidechains, MAST. This all is coming within the next 12-24 months. Bitcoin's fundamentals are looking good and when those features get implemented one after another there will be less and less need for shitcoins, except gambling and pump and dump of course.

Bitcoin may be below 50% dominance but bitcoin is always be the boss of the crypto. So how's ripple now? Ripple is falling down and i think it will be deep that BCH might even catch it up on the market capitalization.

Nope this couldn't happen maybe in a few years but right now bitcoin is still the best in the crypto currencies in whole world. Bitcoin is still in demand among the others because many people is still investing in bitcoin so yea bitcoin era is not yet over.

When I first saw it then I immediately smiled. We can now see the fact that Bitcoin has very different things, Bitcoin has so much power that I think it's impossible for Bitcoin to end. Bitcoin is the main digital currency that is currently used worldwide, has started a lot of people and places that accept transactions using Bitcoin. For me this is not the end of Bitcoin era, but the Bitcoin Era is starting and we will see something far more extraordinary than it is in the future. Bitcoin will be much better and far more valuable than we can imagine.

Dunno, I can imagine quite a lot :D   <Indiana Jones impersonation>

Yeah, it has really just started and we are about to hit an even new era for bitcoin where we see it taking over the market once again. I would not consider ripple exploding right now and good for those who held for a while and reaping the benefits of an increase in value right now, but I would not want to be too much comfortable holding it for long without stop loss. The market cap really shot up within just few days and that really was a crazy one.

The competition is strong, for sure. But in short term, there is not yet any coin that gets close to Bitcoin's developing power and infrastructure maturity.

In long term, it's hard to say but I would not surprised to see that bitcoin below 20% of market share...

NO, I dont think so at all. We are just witnessing another bull market for altcoins, after the huge bull run on Bitcoin. You must keep in mind that Bitcoin still is the biggest winner in 2017. When there was a bull run on altcoins in early/ mid 2017, BTC market dominance was also under 50%, so I think this is just normal. Bitcoin will be on top of all other coins/ tokens soon again, Im confident in this.

People like you(OP) will never cease to non-exist. Ripple dominated for what like 3-4 days, until Coinbase plummeted the hopes and the hype that people had with Ripple. They didn't wish to add Ripple to Coinbase, so the dominance streak ended there. But if Ripple soars past 7$(which doesn't seem to be much as it has already gone till 4$) , it'll overpass bitcoin's market cap, given bitcoin doesn't change much. Bitcoin is the first ever crypto currency, do you think Ripple will be the one to overcome the mighty bitcoin in terms of being the best crypto and what not? Think reasonably, what Ripple has gone past through and what bitcoin has gone pass through. Ripple won't stand a chance if you make a comparison. Such a comparison is like comparing ancient Rome to a slave rebellion. Roman's are known to be highly disciplined and the rebels, well you know.. I support the cause of rebels just like I support Ripple in terms of investment, but at the end of the day rebels don't stand a chance to Rome just like Ripple not withstanding against bitcoin.

Bitcoin domination is not over because bitcoin is the pioneer and the most popular of all crypto currency,and bitcoin is the 1st digital currency that use worldwide many people using bitcoin transaction because it is easy to transact and without any hassle,As of now bitcoin popularity and demand goes higher and if the price is much profitable they cannot stop bitcoin domination in the market and no other crypto currency can replace bitcoin.

No, bitcoin is too well implemented in today's society and it also has a much bigger and wider audience, probably, than any other coin. It's not like event like this one didn't happen before. Also, with bitcoin being the first and the biggest one, very unlikely not to be in the first 2-3 cryptos every year. So in all, bitcoin will never fall so low, bitcoin will not be "over",etc... Don't scare people into dumping.

I agree with you, ripple is too far to compare with bitcoin and I am sure that in out there, people only know bitcoin as the only one coin in the cryptocurrency. bitcoin will still the leader for other coins and will survive with us. besides that, people are trying to buy bitcoin because they see that bitcoin has a big chance to be too expensive for the price and although ripple can do this too, ripple needs a long time to increase higher. but for people which already join in the cryptocurrency, they use ripple for their long term investment like what they did with bitcoin. I am sure that bitcoin domination will be big in the future and ripple will follow bitcoin too and I think we can we take our profit with both bitcoin and ripple.

Sorry to say this but ripple has still a long way to go before beating bitcoin. Bitcoin's domination isn't over yet, as we can see the price have not backed down to 13K again. Still the price is surging.

[q
uote author=nunzio2012 link=topic=2666800.msg27199049#msg27199049 date=1514628106]
Hi,

Bitcoin domination is under 40% and Ripple is exploding.

Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?
[/quote]
I think you janga think negative first indeed the current price is not setabil, if the view from the graph but will someday many who predict the price will reach $ 8100 (do not despair) because the price is currently in play by the mafia.

Yes, I have long seen such predictions about the completion of bitcoin's success. In 2018, I decided to leave only 10% of my investment portfolio, and fill the rest of the place with promising altcoins.

Yes, bitcoin domination will never be more than 50 percent in the future. Last rally from 3000 dollars up to 20000 dollars was the final domination era, and maybe the whales sold all their bitcoins to buy more altcoins. Bitcoin will stay in number 1 for a while, but all other altcoins are not going to decrease any more.
Now we are having an altcoin bull era, mostly low capped altcoins are increasing three-five times, but high capped altcoins like ethereum and neo are started increasing and this will affect bitcoins domination much more.

Just a little downfall in prices and people getting panic and asking the same thing.You need to change your mentality if you want to stay in this market.Increase in Ripple is temporary and prices will get down after some time but btc remain crypto pioneer and king of cryptos and prices are going to increase so stay calm and hodl.

We have not even seen any dominance yet. Very soon we will end up knowing that even ripple does not stand a chance. This would even be the right time to invest in bitcoin because once the trend starts like it usually does, then we will end up seeing a lot of huge growth for bitcoin and the alts end up being dumped. I would not bother on what I am seeing in the market right now, we will all see a bloodbath soon once bitcoin gets back up.

Although there's no dominance in main time, I guess its the right time to invest while its price is on its lower value. The opportunity for those holders who patiently waited the declined price to be achieved further. If many alts were dumped, then we will also be expecting another bitcoin price pumps which could substancially a good reason to hold for a longer time as well.

Do not panic, it's just a correction of the price. This year, Bitcoin will continue to grow, I believe in it. Bitcoin domination era will continue.
Anyway there is possibility that ripple or ethereum will be number 1, but only after 6 months. IMHO.

I think that this situation may be true, because the price of the etherium is already aimed at such indicators and is rapidly rising. So the number one for the etherium can be provided.

If bitcoin can not be reformed, then its epoch will end in 2018. It is necessary to reduce the payment for the transaction and speed up the transfers. Otherwise, using bitcoin becomes meaningless.

Bitcoin continues to dominate, its price is still very high. Now it has fallen a little in price, but this does not mean that growth will not continue in the future.

Bitcoin is pioneer of cryptocurrency that continues to dominate. I think no altcoin is capable for exceeding bitcoin in terms holders as well market capitalization.