Bitcoin Forum

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?

I think it might top out at 60% or so ... max maybe 65%.

Basically there are lots of alts, however the alts that will lose the most don't have a large enough market cap to make a difference.

The top 10 or top 25 are already at 90% losses from ATH and they will probably not go much lower.

And when the BTC bull rally starts most likely the dominance might start flattening or dropping actually.

I don't know.

During the last bull runs BTC dominance was sinking because people started to invest in Altcoins again.

I'd like to see it at 70% though it's quite too high but it will slap out all altcoins.
Last year's highest was around only 45% and it was able to break it out this month with 54.5% dominance.
Without any bull run, I think its possible to reach 60%.

There is really no limit to it. I mean I don't think it will ever be %90 or whatever but I think it is quite limitless how far it can go up or go down. There is literally no barrier that just stops it when it reaches to something. It can go up or down but never really change anything in the market.

When bitcoin goes up, sometimes other coins "go down" in bitcoin value but when you look at their dollar value their dollar value usually stays the same, hence when you look at the dominance sometimes even when bitcoin goes up, dominance stays same. Hence, don't worry about the dominance but focus on seeing greens on the market for couple days in a row, when you see that, that is usually the sign of bull run which will fix this dominance and make all of the coins gain value and not just couple of them.

I want 100% bitcoin dominance,0% altcoins and 1 trillion cryptocurrency(bitcoin only) market cap. ;D
All those altcoins make me think that the crypto world is focused too much on the wrong topics,like altcoins day trading(pump&dump),ICO projects,crypto exchange platforms.The crypto world should be focused only on making bitcoin more popular and spreading the adoption of btc across more countries.

it is very hard to say. there is not much room to go up higher than 99%. I don't think bitcoin can ever become 100% dominant because there are still altcoins out there with some potential which are currently taking that 1% from bitcoin and dropping its dominance to 99% and I don't really think it can go any higher than that.

as for total market capitalization, bitcoin's ration will continue to go down because it is very easy to create shitcoins in a second. and even if bitcoin is worth $1 million per coin its market cap can not compete with 2000 (by then it will be 10000) shitcoins each of which has billions of tokens created which make their market caps bloat.

I think btc dominance should and will stay between 50% and 60%. We need bitcoin to stay much stronger than the others for a simple reason. The people that dont know much about crypto know only about bitcoin, is bitcoin is strong, they probably will invest, so dominant bitcoin will bring more people to crypto.

In reality bitcoin dominance is much greater than coinmarketcap shows. A lot of alts have artificially inflated caps, it will go away soon. Many projects will fail.

Yes, I think also some traders now have a choice in altcoins from 100% of bitcoin dominance but it less with altcoins 20% and the rest in bitcoin. Many emerging ICO's projects and a ton of investors having a wrong choice and indeed they will get scam. We could not predict how long it will be run the good dominance in bitcoin but one thing I am sure, it is good to that the market dominance of bitcoin is 60% to 75% dominance for sure that has a good profit.

It predicted to increase up to $7900 or up to $8400 USD but I think we can see it on the Month of October, and unlikely a correction may occur again by November and December, So we will drop to $6700, I really think this year would still be a bearish trend for us and unlike in the last year Bullish year we had it will sure creep on us up to next Mid year of 2019, But I guess it is still a good thing that the price will not drop significantly lower than that so it is still a good thing.

I still think it's nothing, this movement is only temporary, 4 months must be followed, I think it's still 50%, if it increases the estimate by around 60%, or it can go down again, I see a few minutes up and down

It will reach again 10k$ next month in my opinion without bull run. I also think ETF will be approved and after will grow a lot. The best now is to get more bitcoin and hold it.

I get that completely, but the world needs more than just Bitcoin, and there is enough room for other currencies to develop themselves in their own field.

Another aspect is that with how exchanges are more than ever focused on verification and whatnot, people instead of trading altcoins versus fiat, will trade altcoins versus Bitcoin. It's a base currency. I'm personally not a fan of these ties, but they add to Bitcoin's utility and make sure a very large number of Bitcoins will be kept off the market pretty much for ever.

In other words, Bitcoin is actually being used as currency, and it has been so for years and years. It never loses value against any coin.

now the price of bitcoin has risen quite sharply, in my opinion the price of bitcoin will reach 8k. after that there will be a slight correction and the price of bitcoin will continue to rise until the end of the year.

we can't say this is bull run, we have often been lied to in this situation before. although currently the price of bitcoin is in a positive trend but this does not rule out the possibility of bitcoin prices falling again.

The theoretical limit for me is 80% due pareto law distribution, but as discussed before in other thread, you cannot rule out all the greedy gamblers that love trading BTC for pump and dump shitcoins, which is the sole reason all these shitcoins are alive to begin with.

When the necessity for gamblers and penny stock traders (maybe this is the same thing) align within the will of exchanges to make money, they will simple keep listing all these shitcoins for people to trade with and milk the trading fees. Why wouldn't you do it? You could say listing shitcoins degrades your brand and this is the case, but even the biggest exchanges nowadays list shitcoins so I don't see that changing in the future.

I believe we will go back to 80% for the sheer amount of shitcoins out there crashing and most of it going to BTC, but the remaining 20% will continue being the paradise of over-the-radar trading in exchanges hosted overseas without KYC or any requirements to identify yourself where you will be able to trade BTC against all kind of exotic tokens without limits.

It is usually this way most times after a bull run for bitcoin. During the bull run, altcoins always take a huge dip than one can imagine like we saw last year. Although, for a whole lot of them, they have really touched that bottom already, and one might start beginning to see if there is a possibility for some bullish activities on them as bitcoin keeps showing some little sign upward in a consolidated mode.

I guess these are questions that will be answered with time. Nevertheless, the fact that the dominance is increasing does not mean it can still not drop and I do not use that as a basis for a bullish indicator at all.

I don't know why are you infatuated with Bitcoin dominance. Remember that during the peaked of Bitcoin, it didn't get to 50%. So I don't think that dominance is a good indication of the price of bitcoin. We can have a good bull run without touching more than 50% as evident of Nov-Dec 2017.

BTC dominance isn't meant to be an indicator of Bitcoins price. It is meant as an indicator as Bitcoins market share. The higher the dominance the better, as that means a majority of the money in the crypto industry is where it should be, which is in Bitcoin. As dominance increases, these scammy crap coins lose value and will end up disappearing. The fewer the crypto coins out there, the better.

I think that this statements is closely related to what's been goin on with the reality right now mate, and some of the projects which I've been part of were really failing. We need to be more vigilant in picking up those new projects which you wanted to be part of, whether its a bounty campaign or being an investor for the ico project. Probably those artificial inflated market caps, was their fishy strategy that has been detected by investors who happens to pull out their asset by dumping it all the way and suddenly fall down bitcoin's price value to the dipped scenario.

Well a lot of alts will die off for sure and the old reliables will still be
utilised like ethereun, litecoin, dash, monero, zcash and ripple so
bitcoin dominance will never be as high as a lot of people think.

My guess is about 60 to 70% max.

The bitcoin dominance index has pretty much hung around 70-90% for the majority of its life, before the bull market of 2016-2017 that saw a lot of smaller projects, ICOs, and altcoins enter into the space of cryptocurrency.

I think that as long as these crypto projects attracts investors, bitcoin dominance will remain low. However, within the bear market where interest in the market is quite low, it wouldn't be surprising if it went as high as 60-70%, without a bull market.

I don't think that bitcoin dominance really has anything to do with how bitcoin is performing, though. It's about how much hype is around new projects. I do think that in the long run, we'll see a gradual return of bitcoin dominance to its previous highs, as people start to realize how pointless most of these new projects entering are.

 Bitcoin name has strong recognition., many new people even can't say difference between Cryptocurrency and Bitcoin. For my opinion Bitcoin will be like a counterweight to other cryptocurrencies and perfect place in for him is about 70% - 80% of market. I am sure he come back in this area.

Exactly, bitcoin dominance doesn`t mean much, it`s just a marketcap crap. Anyone can make some token, blow the price up and rise market cap, in the same time lower bitcoin dominance. What people should look is trading volume, bitcoin is on top everywhere, while some tokens have daily trading volume couple thousand dollars. Its not a game changer if dominance rise or drop, I don`t know who pay attention on that. I don`t know can anyone find more info about that statistic somewhere else or just on coinmarketcap site. And who knows history of that site knows that they have been accused for messing with numbers couple times in the past.

It's hard to predict how much these coins will go up in the current market, but we can trust Bitcoin, and its price has started to rise slowly!

I still believe a whole lot of altcoins will be taking a huge drop in price before the end of the year and so many even packing their shit base out of the market.

The bitcoin market dominance shows a lot of smart moneys are moving in the market with the hope of long investment, but can we really say that means so much considering this is something that can still change if we start seeing some bullish activities on altcoins ?

I don't know, but I feel we are laying so much emphasis on this dominance too much, but in the real sense, it is all just based on how the market is responding since virtually most traders are looking to make money from all markets.

Bitcoin's dominance is growing, and i think it's a good signal. It signals that the market is recovering. I do not know exactly how much the dominance of the bitcoin market can reach. When bitcoin dominates, it means human faith in bitcoin, i'm convinced that for the whole crypto world it's just good.

Bitcoin dominance went closer to the 55% and by that time the altcoins along with the tokens were experiencing a massive decline as majority of the users pulled their altcoin holdings and placed on bitcoin. Over the past few years when there is higher bitcoin dominance the growth will be big with bitcoin. This time too can expect the similar thing as altcoins haven't started to head up.

How does an increasing Bitcoin market cap dominance signals a recovery? It really doesn't. Bitcoin's dominance has been increasing on the way down and will decrease on the way up with how altcoins always pump harder.

It's better for people to ignore what the dominance percentage of Bitcoin is. It's flawed and doesn't indicate anything other than underperforming altcoins. I expect the dominance to drop back to 40% during the next strong rally.

The short term demand for altcoins shouldn't be underestimated. Bitcoin's higher price scares off people and for that reason go with much cheaper alternatives which also happen to be more profitable.

Unfortunately people seem to be paying a lot of attention to this indicator, and if a lot of people pay attention to an indicator, it eventually becomes a relevant one because behind a lot of people there is a lot of money. Even if we are talking noobs playing with mom's payday to trade altcoins against bitcoin, the sum of it all is a respectable amount, there are a lot of people trying to find the next x1000'er. And im sure there is people with a lot of money that also fall within this group. Having a lot of money doesn't mean they suddenly know where to invest.

As with everything in life, most lose, but as long as the hope is there, there will be money in altcoin market and the indicator will be below 80% (where it should be naturally)

A good article on the dominance indicator and why it's so wrong:

https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4

I noticed that with CMC's exchange volumes lately. It seems that exchanges are desperately looking to artificially inflate their volumes to occupy a higher CMC rank in an attempt to attract more users.

If you look at the traffic stats of the more popular exchanges, then you'll see that in most cases CMC is the second after Google when it comes to exchange linking. In case of OKEx and Huobi, wich are the most manipulative exchanges when it comes to volumes, CMC is even the main traffic provider, which pretty much explains why they are trying to keep their volumes as high as they have it right now. In other words, CMC has more power than most people here think.