Bitcoin Forum

I have been interested in cryptocurrency for a year already and watching the next picture. The percentage of bitcoin dominance is decreasing in percent (about 35%). A month ago, there were 50 - 55%. What do you think about this? It seems to me that altcoins are more attractive for investment and more technological, so they are increasingly investing in altcoins.

if to be interested in bitcoin or altcoin it depends on each person but for now it is investing in altcoin is good
because the price is still cheap and to buy it so can get a lot of coin and when experiencing a big increase then its profit is also greater than investing in bitcoin

I do not think bitcoin will be overtaken for now, its dominance will decrease as the glabal crypto market grows and other top coins see their dominance even out also

Bitcoin is the back bone or grandpa for the altcoins out there, when the price of bitcoin drops so does the altcoins value as well, because we trader use bitcoin to buy altcoins across various exchanges. Bitcoin will always be the main currency for all the altcoins generations to come.

Bitcoin may have the chance of becoming the next global currency and this is one of the elite and not connected to a particular nation's economy.
Also, I believe it is very useful in using money transaction across the international border. Currently, bitcoin the the 1st ever cryptocurrency which is still leading in terms of ranking.

Bitcoin still has a long way to go, in order to be the main currency in this industry due to the fact that many people, country, and business establishments have not yet fully accept the benefit of having bitcoin served as mode of payment for their products and services, it will really need a lot of proving for those influential persons.

Maybe yes myabe not, nobody can say that what will happen in the future about the main currency running in the world its depeds on the incoming situation because bitcoin have possible to become main currency use international cryptocurrency.

So because the dominance decreased for the first time, btc wont be dominant anymore. Right..

I think you could answer your own question if you know why and how prices go up and down or simply how volality works.
Bitcoin and altcoins are unpredictable. We may assume that bitcoin can remain dominant through tradings, altcoins are useful by complementing each other. You can diversify your coins and use it properly.
So apparently, movements can never be predicted accurately. Events, news and functioning will preferably boost or destroy any coin's reputation. So it's up to you if you would consider holding any other coins.

Yep, my prediction is coming true. Bitcoin will lose ground in favor of the altcoins. The king is falling, but nevertheless, it will always be the true king.

If you'll come back to few years ago bitcoin's price even went down too much the same what like happened currently but this is the biggest decrease that has been in record for bitcoin. But to be fair, bitcoin has been recorded too for having the biggest increase of all time.

Being the main stream currency won't happen shortly, because people doesn't have the mentality to accept something that's is visible but can't feel it. The growth it has attained might be big, which will be acceptable by the people who were much attached to technology.

If you are currently observing Bitcoin rates, you may be skeptical about the future of Bitcoin replacing the offline currency. But if I look at the long term, I still believe Bitcoin will be the main currency. Because the future if Bitcoin becomes popular all over the world, it will be very convenient for the transaction because of its convenience as well as fast. The next 20 years, when the Internet is everywhere, Bitcoin trading will be easier now, I believe that Bitcoin will become the main currency.

Bitcoin will probably still be on top in the future if it innovates (lighting network,...) and bitcoin is still used to buy altcoins ;)

bitcoin has fallen in capitalization and this is a sample that altcoins are gaining ground every time I see more Alt offering new technology and also seek to solve problems that may be present future. always say that all reached your limit perhaps BTC be arriving at him.

It loses ground, it might lose the first place and Ripple seems to be a good opponent for now. Too bad Ethereum fell on the 3rd place, but let's not forget that Litecoin, Cardano, XEM and Stellar are not too far behind.

Maybe its Bitcoins high price ? Most people cant even afford to buy a single bitcoin so they turn to altcoins which dont cost as much to try and make a profit in the future

I think that might be possible, but not this year definitely, bitcoin will reach $100k first before that happens ;D
There are plenty good altcoins out there for investment purposes, but you still need bitcoin to buy most of them as main currency

How do you think when bitcoin will cost 100k?

The earlier LN is implemented, the quicker btc will regain its absolute dominance.
To be honest, with high transaction fee btc now is not ideal for real world payment adoption.

That's possible, but not this year for sure, Bitcoin and Altcoin are unpredictable. We can assume that Bitcoin is more dominant through trading, altcoin is just complementary.

You can diversify your coins and use them properly

Actually, there were really attempts to make bitcoin fall thats why there is so called fork. That woukd be possible because there were features that bitcoin is lacking and cannot offer. There is no denying that the transaction fee is getting bigger each time it increase. People tend to find lower one so they can save more. Though, bitcoins dominance is still dependent on tge people's choice and demand. For oe, butcoin has till its its top rank and gaining popularity even more.

I think the power of bitcoin can not be denied. With 50% and altcoin 50% and the altcoin 50% is splitted to many altcoin so i think bitcoin is still big power and very difficult to beat it..

people start investing in altcoins to gain high profit but it is can't beyond the dominance of bitcoin. because even how much profit altcoin it is, bitcoin still the main crypto

What do you comparison with this? USD or bitcoin?
I think the price of altcoin will go higher compare with bitcoin if the bitcoin price goes down. If compare with USD yes that the altcoin lower if bitcoin also lower.

Yeah altcoins have showed so many times that are worth more after this time to invest and they can bring much profits than btc itself which gives entreance to new comers.

I agree with you on that. Keep in mind the price stability of bitcoin ATM is dependent upon the fact that many of us need it to invest in altcoins. If a circumstance occurred that allowed instant trading and direct conversion from one altcoin to another, we would see an eventual overtake. I don't see that happening anytime in 2018. If federal adoption does occur in the near future, U.S. corporations would most likely invest in altcoins due to lower transactions fees, higher security, and more convenient liquidity options.

I expect that bitcoin is a crtptocurrency already and waiting for what next. Bitcoin has a lot of competency and they are the more attractive to those people here in bitcoin.

It is because of the increased market cap of many altcoins that is why bitcoin's dominance decreased. But did you take a look of how much dominance does each altcoins have? That 35% is still a great value. It is true that altcoins are very attractive today. But at the end of the day, people are holding altcoins to sell it for bitcoins at a profitable rate.

It people have only a limited capital, of course they'll for altcoins but for those having a huge capital probably they invested both bitcoin and altcoins. Investment really matters on prices, anyway of you are new in crypto I could suggest is to invest first with altcoins aside from it have cheap price it could be a starter for facing a big investment in the future.

I can not say agree with you. Bitcoin is the God, you can't kill a God and this order will always be like this.

because of the high fee of transferring bitcoin, this might be true. people will leave bitcoin to another altcoin for transferring money.

Bitcoin cannot be easily replace by any altcoins even if they combine their price values as we can see the very huge price gap in all markets between bitcoin and altcoins. This crash is just the same dip that occur in the past years in which we thought that it was the end of Bitcoin but we are wrong because it bounced back in multiple folds in which we miss the opportunity to buy at the cheapest price.

Bitcoin to be the main currency may be realized, but it takes a very long process, you can imagine how difficult it is to summarize the many economic regulations of countries around the world that already have their own financial system in each country in the world. will be difficult but it can happen.

Not only is it that altcoins are attractive to people trying to get rich quickly, but there are so many new altcoins coming out and ICOs out there right now. People keep introducing more coins, and because of that, more money gets put into the altcoin market, and so the overall bitcoin dominance decreases. That doesn't mean that one altcoin is gaining more and more market dominance, but that the overall altcoin markets are doing better.

Sure, I think altcoins can do better than bitcoin, but bitcoin's original blockchain implementation has a lot going for it. For the next year at least, bitcoin will be the strongest coin on the crypto markets in my opinion.

there is a big probability that ethereum's total marketcap value over bitcoin in the future day

maybe 1 or 2 year this thing will be happen IMO

You can see it falling when you look at the transaction numbers for

BTC, ETH, Ripple

With all the forks this 21m numbers keeps doubling and Ripple has a crazy fixed number at 100bn
total and this coin cannot be forked because it's more private.

Well if you divide 100bn by 21m you get something like 4700 (top of my head) and
if you times XRP price of say $2.00 by 4700 then it comes out to $9,400 which is lower
than BTC price today but not by much.

I would say we have three crazy numbers here if you include BTC transaction fees and new
government regulations will push Ripple up unless we get our act sorted out or else it will be
set and match to the bankers

It's true that Bitcoin isn't going to be the main currency very soon but I believe that Bitcoin will be the largest platform for money market, If you see the volume of transaction of a single day then you will admit that Bitcoin platform will be the biggest money market in the future.

One thing you have to consider that Bitcoin is going to be a common currency in the future, Though it's a decentralized currency so that it will not be the number one but it will be one of the major currency in the future.

Market caps of other crypto currencies are on the rise and percentage of bitcoin's market cap in terms of total market cap might decrease. Bitcoin has been in a consolidation for past 1 month or so but I see it exploding to the upside soon and it will be much higher in the coming months.  Bitcoin will remain the most dominant crypto for foreseeable.future.

With more alt coins come into play, bitcoin's market share is gradually reducing. Bitcoin got hit due to its high fee and low transaction speed. It is still the leader now and hope it will server as store of value and keep top positions (if no 1). LN shall help reduce the fee and increase transaction speed.

Believe it or not based on the graph Bitcoin will rise back one of days so start buying more Bitcoins now and wait for it to rise like a skyrocket high in the coming days. 8)

I think the ethereum has every chance to replace Bitcoin in the future. Smart contracts are written on it, make ICOs and resolve the issue of scaling. In general from all points of view it has more potential as a valuable asset.

It could be local trend. In spring, 2017 we also could see BTC dominance up to 35-40%. After that BTC dominance increased till 60+%.

But it doesn't mean a thing, well the way I see it. Maybe other investors are just looking for other ways like going to altcoins. But when bitcoin rally, everyone joins the train again. It is what it is. Everyone jumps where the money is. Do you think investors are shifting to altcoin because they have good technological advancement? I doubt. Sad to say but the truth is, everyone here is really for the money. Sad but true. :(

Bitcoin dominance is falling and it will fall more. But I think Bitcoin will be remain the main currency. Bitcoin dominance is falling because there are many new blockchain projects. In other word, that's the high number of cryptocurrencies that is causing Bitcoin dominance to fall. The reason is not bitcoin value fall.

Yeah everyone here is only joining signature campaign for the money involve, But earning cryptocurrency is impeccable we have all the right to do what we want, we are not responsible to join and earn bitcoin it is our own decision.

As for the response in the the title there's a 50% chance bitcoin will die if majority of the population is using it, that is why there's a lot of ICO having a peer to peer payments and exchange.

I do not think that bitcoin will be when not the main currency, it is the most reliable of the Crypto-currency. especially many new Altkoins, do not bring anything new, but are needed only for quick earning money.

Agree 100%.  Look out ETHER it's your time to shine!

Bitcoin gets slower during december last year because of some problem like the higher transaction fees and thats the reason why altoins pump. Also i think that its just a correction because bitcoin spikes high unexpectedly, we can’t really say that in the future bitcoin can survive and remain on top but I believe on this great technology the only matters right now is that cryptocurrency are showing some power to lead us in the future.

Bitcoin users have been increasing drastically over the last years. This is becuasethey are attracted to the price and the ability of Bitcoin. However, recently, many have been dissapounted because of the droppping of Bitcoins price. Also, many coins have been existing in the crypto market now. As the future holds, bitcoin will be like ordinary currency in which many coins will exist and will be availble for encashment.

Bitcoin dominance is decreasing because people are holding because of high fees, also new coins offer better services that attract users.

I don't think the dominance reflect the real value of Bitcoin, besides, the market cap of Bitcoin is still two times bigger than the second most important coin which is Ethereum.

Yes it would only exist as a secondary currency co existing with the prevailing paper currencies and never to become a main currency as it has drawbacks like not able to use without internet and limited supply.

Have you investigated any user case and how LN might work by any chance in about nine months time
because Segwit was designed to reduce fees and released about five months ago and all that happened is fees
kept going up.

Just in case you have fallen for the sales spin from a development team that knew Bitcoin would not scale eight years ago
do you think you owe it to yourself to look at the other side of the coin because I bring you bad news if your
not a miner in which case your about to get into banking.

https://bitcointalk.org/index.php?topic=2776719.msg28395400#msg28395400

Eggs in one basket and all that !

I think Bitcoin can soon be the main currency. But this year may not be in touch. That's why Bitcoin will have to raise $ 100k. The countries that banned the use of Bitcoin will have to lift this ban. Bitcoin's name will be spread in the social media. People need to be alert about Bitcoin.

Bitcoin will be the dominant coin always but the dominance level decreased due to the lots.of new currencies releasing every day.But still we can see that the price of every cryotocurrency is moving according with the bitcoin so still we rely on the bitcoin mostly.

Do not be surprised because the banks already even think about adding bitcoin to their base and want to buy even stock exchanges. Therefore, it already means something.

I appreciate your opinion may be you are right but it's back on all users, I also see here that bitcoin price down all altcoin prices also decreased and it shows that bitcoin is the main currency of the other

Bitcoin will be the main Altcoin until the crypto market collapses. Bitcoin has a lot of potentials and I have a lot of confidence in it though its price has dropped a lot since the beginning of the year. Do not try to think negatively about it as it goes down.

I don't think so. day by day Bitcoin is getting accepted around the world and it's becoming the potential currency for the future market. Not only that but also Bitcoin has brought us a newly invented system for payment purpose. So that we can be hopeful for the future monetary market.

If you look around your surrounding then you may find a new change in the payment method. this is just a blockchain system as well as Bitcoin. so in the future, Bitcoin will be more than today we see...