Bitcoin Forum

Bitcoins market dominance is today is 36.1 % close to its all time low

the "other" coins are in a gradually growing direction

with now around 25% of the total market even higher than ethereum at 17%

i expect that, in the future, the "other" coins will basically be the majority of that graph

with all negative consequenzes for the attention monopoly that bitcoin initially had.

prepare yourself for that.

https://coinmarketcap.com/charts/#dominance-percentage

There is no problem with Bitcoin or Ethereum. That percentage you are talking about is rising due to creating of many new coins and ICOs.

Does it actually matter now? A lot of alts have a bigger supply than bitcoin,so you can expect that market share to rise. One day or the other,this has to happen. Inconsiderate of numerous manipulations by the rich whales,this will happen.

jes it will happen bitcoin will be dethroned, but you guys seem no to understand something, bitcoin is a propaganda coin, without it having a lot of attention it wont work.

a large supply and a small ecosystem community, makes altcoin less likely to grow as fast as Bitcoin
the majority of coins, now in play by the whales and always the attention of the investors

market cap stats are meaningless

i could make a coin tomorrow with 5 trillion coins. and sell just 1.. yes 1 coin for $5 and instantly my coin would have a market cap of $5trillion and suddenly jump to the top of the list of market caps.. all for the price of $5

the sooner people dont speculate based on market cap. and instead speculate on price per coin or some other more meaningful metric. the better.
in short
stop giving a crap about market cap

even a child who knows multiplication (so maybe 7 or 8 year old) can "expect" that!

you are saying 1 bitcoin with 17 million coins is competing with 1700 altcoins most of which have more than 100 million coins! you can say with your eyes closed that bitcoin's "share" is going to decrease as new shitcoins are created. and 1 bitcoin is against 5000 shitcoins!

and just in case you have forgotten marketcap = price * supply

You do know that market cap stands for nothing other than just useless data. Bitcoin may take years and decades and who knows even centuries to get dethroned but when it does, either crypto will go on to a whole new level or it will cease to exist. Did you even complete your point here? I see something is missing there.

For sure I will prepare myself, because I also believe that the other coin coin will be the same as having a good price opportunity for the future.

Franky1 you are 100% correct, but no matter what that Shitcoin cost, these Alt coins are still taking a small percentage/market share away from Bitcoin. A few years ago we only had a few Alt coins that took away a small amount of the market share, but now we have 1000s of these Shitcoins taking a million dollars here and a Billion dollars there.

Last I checked, $24,918,201,069 USD was invested in BCash and that could have been invested in Bitcoin. This is just one example, there are 1000s more and the number of shitcoins are growing, day by day.. chipping away at Bitcoin's potential market share.   >:(

Well, especially now that there are exchanges that allow for direct fiat to altcoin trade then probably this helped the growth for these alts. Before, you need to exchange your fiat to bitcoin before you can trade to all other alts. Considering the alts has grown in number, it probably is not a shock to know they have taken away investment from bitcoin. I hope there's a way to eliminate those alts that have no use or purpose in order to minimize loss for market in bitcoin.