Bitcoin Forum

Bitcoin was once dominant in the crypto market being pioneer of crypto currencies.Then it started to lose its dominance gradually due to the entrance of hundreds of new coins.

Bitcoin's dominance was at its lowest at 36.1 percent.

But now, once again bitcoin's market share has reached high  to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.

https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/

This is the good news we need right now! I think this may indicate a return of confidence in bitcoin and one can hope for a price increase.

You are right but question is that it dominance is low when bitcoin price is at its peak and it's dominance is increasing when it's price goes down to 1/3rd of its peak price.

This is naturally good news, but it should be mentioned that this dominance is achieved by selling many altcoins, which in turn is a bad sign, because people do not believe in them, and therefore in cryptocurrencies....

Altcoins are getting completely ruined now, there's definitely no immediate hope for altcoins against Bitcoin right now. ICOs are struggling HARD in this market and finding it difficult to raise even tiny soft caps. I don't think Bitcoin will retain this dominance for the long term, but for now it's clearly the safest card in the deck.

This is a false dichotomy. I completely believe in Bitcoin's ability to change the global monetary system, and I also completely believe that 99.9% of altcoins are complete trash. People are starting to wake up to the fact that most altcoins are just empty promises, with no working product and no future.

The record is 100%. Lol.

Now, the last time Bitcoin started to increase its dominance, we had that spectacular appreciation of altcoins. Unfortunately, we are in a bear market. It happening again I think it's unlikely. But if some currencies have a 50% appreciation and the BTC delays responding with no more than 3%, we can re-enter a Bull Market with the FOMO of some specific projects.

It seems like bitcoin's dominance tends to pick up during the bear market but when its a bull market the alts start to lose dominance.  I also think once we see more alt-fiat gateways btc's dominance may fall further.

Dominance doesn't matter. Its just a useless stat. Just as useless as diet water:

https://static.boredpanda.com/blog/wp-content/uploads/2016/10/most-pointless-useless-things-64-5810663160697__605.jpg

People are still stupid. Don't worry,once they see ICOs offering 300% annual returns, they'll be back on track.

Pajeet make 100,000,000,000 coins.
Pajeet sell 1 coin for $1 to hes brother Pansun.
Now we have $100,000,000,000 capitalisation.
WOW!!!

Small correction, it was bit lower, at 32.39% on 13 Jan 2018, as per CMC (https://coinmarketcap.com/charts/#dominance-percentage)


No one in the right mind would include such coin into any stats or ranking. But I agree that both, market-cap and dominance can be skewed and inaccurate.

Personally I would pay more attention to the distance between Bitcoin and 2-nd place coin than to total dominance %.

Already this is a great rate
But I see that naturally in the current market situation
Bitcoin remains the last resort
I hope the situation will improve and the market will rise.

I agree, overall the ecosystem needs more usecases than just payments, and even if you are a bitcoin maximalist you will agree that the blockchain technology opens many new areas of innovation outside the financial world. The decline of altcoins seems to benefit bitcoin but this is a narrow view. I don’t see bitcoin and altcoins in so much competition, both offer different applications for the blockchain technology...if people loose interest in blockchain technologies it will eventually also hurt bitcoin, no matter the gains in dominance. Real world applications are going to take this to the next level.

of course the greatest level of trust is in bitcoin, rather than on other coins, and this is very important that trust is chosen in order to boost the price of bitcoin back up as it did before.

Bitcoin's dominance will never fall out, at least not in a very very long time. It already got the customer's preference first.

The fact that it drops sometimes is only temporary and it won't be the last time it will happen i believe, depending on if something extremely different that we can't see coming happens.

From my point of view Bitcoin will always be the best Cryptocurrency ever created.

your mistake is that you are using market cap ratio and calling it dominance. it is like picking up an apple and calling it an orange! just because coinmarketcap.com is dumb enough to use the word "dominance" it doesn't mean it is correct. in fact dominance in a market has nothing to do with market cap specially when it comes to cryptocurrencies where 1 coin can create billions of tokens out of thin air and have billions of dollars worth of market cap and have a bigger "ratio". and none of that billions of tokens even have to enter circulation for it to have that market cap.

Although market cap is a poor metric for dominance, its likely that bitcoin will reign supreme for a very long time but by no means is it assured to stay dominant indefinitely.

What does that even mean? You measure market cap by multiplying amount of available coins by their market price - which of these 2 elements is fake and for which coin(s)?

Market cap is what it is, the fact that many put way too much weight to it, or interpret it in a wrong way, doesn't make it useless or fake. If adjusted for low or fake volume - it's pretty good metric imo.


I see your point, but you're talking about 'market dominance' in a classic meaning, related to measuring companies' market dominance - such is simply not applicable to cryptos (as there's no revenue involved). "Dominance" is also a word on its own and can be freely used. It's pretty obvious and clear to everyone that CMC's version relates to market cap dominance only. I see no problem here.

this is one of the most common occurrences in the history of cryptocurrencies and things have always been like this. what that link you posted shows is only a tiny fraction of all this.

throughout history (which is about 9 years long) there has always been periods of time when altcoins were pumped massively and that meant huge rises of their prices and since market cap is price*supply they grew a lot more and bitcoin's "dominance" shrank down until the altcoins started getting dumped.
2017 was the extreme example of this process but the principle has been the same.

Yeah, I really love this news. Bitcoin have to refresh it and Crypto market have to remove shitcoin so that Blockchain technology could be applied in the future.
Shitcoin constrain Cryptocurrency develop to be a good new industry :)

It is true, many new coins have sprung up and sometimes these coins are just a fraud. Token coins up to hundreds are deleted because they can be unsettling for new users.
people might be tired of waiting for the Bitcoin price to return to the price of $ 20,000, because it doesn't go up to that price and especially fiat currency is at its peak, because many people have benefited more from fiat currency.
For this reason, Bitcoin users have partially turned to Fiat Money, but soon they will return to crypto, I'm sure of that.

I also tend to agree with you, I always thought it was pretty clear that the word dominance was just used to describe the coin with highest total market capitalization, according to the metrics found on coinmarketcap.com.

Market dominance is obviously something completely different, but that's a totally different context to begin with.

A little disagree with you, the dominance in bitcoin comes from the total capitalization of all cryptocurrencies in General. If all the money peretikayut in bitcoin, last year, that meant flying at 20,000$. What can be now, we will soon learn, but when the dominance of the pass for 60%, we are all waiting for something fun.

I know that many people do not share my opinion. But I think that 90% of startups sell their tokens just to buy bitcoin.

This is very bad for every alt over there, specially those trash alt coins, only strong will be left on this kind of bear market. We can still expect more high dominance of Bitcoin for upcoming weeks. But let's hope that bearish will be over until the end of the month. It is really sad for every holders.

the only thing that this shows is that altcoins are getting dumped hard these days and nothing else. the "faith" that people had in bitcoin is still the same as it has always been, high and strong. and bitcoin's market cap has been growing consistently while altcoins got pumped and now are going down.

There is no doubt Bitcoin still remain stronger, A lot of shill happening that Bitcoin will be replaced by altcoin like as an example the Ethereum flippening case. Statistics shows Bitcoin is yet still remaining powerful. It is shown that the community still yet aware that Bitcoin is the leaders of cryptocurrency.

the number of opinions in my opinion is to learn to understand about the world of cryptocurency which will be very useful in the future

Altcoins lost a lot of value due to dominance of Bitcoin but dominance will fall again when the market recovers a bit. So this is very promising for the future. All the money will start flowing from Bitcoin to altcoins, which means a strong bull.

The good news is I just read about bitcoin. According to my analysis, it has become a reality if bitcoin is the best cryptocurrency leader. The conclusion is that whatever happens in a market situation, Bitcoin will still be the best. I think that's enough to finish this news. Thank you for the news you shared, Enough to make the Bitcoin holder smile a little!

maybe with what you say makes investor interest even greater confidence and patience are the main capital in my opinion

Bitcoin is a first digital currency. Without bitcoin another altcoin will be no. But some people say bitcoin price will affect another altcoin price. But i still believe bitcoin can rise again in the future.

bitcoin dominance will continue to cover the cryptocurrency world forever as this is the main objective why satoshi nakamoto created this to combined the universe to use one money at the same time,this is the currency that will build peace to the issue of whos the best currency of the world


ethereum will never take the crown to bitcoin,not today and not forever because the technology behind bitcoin or the blockchain is one of its kind and will harder to took over of another technology

but it is all about the context that the term "dominance" is being used in. people aren't just using the term to compare market capitalizations, they are using the term "dominance" to say bitcoin is losing its ground and being replaced by an altcoin. specifically if you look at the usage of it in first cases when it all started you can see it is mostly used when people want to advertise some altcoin that was getting pumped by that time.

besides when you compare market capitalizations you should also consider that fact that market cap of a lot of altcoins is FAKE because their coins are not in circulation. for instance the coins with premine that have not yet released the coins by dumping them on exchanges. if they do it the price of them will fall and consequently their market cap will fall making it more real.

If Bitcoin dominance is more than 50% it means bitcoin is in more demand as compare to other currencies. Its a sign of bull run of bitcoin. Earlier this year there was a big rise in bitcoin's dominance — with so-called alt coins falling back across the board — ahead of the bitcoin price rising to highs of $8,400. We can see again a upmove in bitcoin price again.

People have strong tendency to simplify complex issues to make it easier to digest, that's not necessarily a bad thing. But when Bitcoin was actually under real threat of Ethereum taking over the 1st place, the most quoted source was [ur=https://www.flippening.watch/l]flippening watch[/url], which compared multiple other metrics other than market cap. People seem to understand that there's more to it than just market cap.
What's funny, if you dismiss market cap entirely, you'd have to admit that, by other measurable metrics, Bitcoin briefly lost its #1 badge at one point (got overtaken by ETH in trade volume, number of transactions, node count + few more).



You could say the same about Bitcoin. Aren't Satoshi's coins (~1 million) also included in market cap? You have to use some number and the actual number of coins in circulation is impossible to tell.

But that's why I say it's best to watch dominance by comparing Bitcoin to #2 coin, rather than looking at total market cap share.

Yes, this is great news, especially in the current scenarios. This was quite obvious too because Bitcoin is the first cryptocurrency to be launched and it has maintained its prime position since then. So if any new investor thinks of entering the market, he will start through Bitcoin most probably. People have earned huge profits from Bitcoin which causes them to stick to it, thus addition to its market share.

I think that the government in using bitcoin is a very good idea, because about bitcoin is a very convenient way of paying in some countries, I think it's cool!

Bitcoin dominates his market ever since simply because its the top coin and every investors believe on bitcoin. If all the people used bitcoin now, we will see the price to rise again. This is a great study about bitcoin domance, and this is why i don’t buy shitcoins becuase they can’t survive in this market while bitcoin remains on top.

Exactly that's what we witnessing right now, investors dumps their altcoins to shift their funds to bitcoin. Gone are the days that shitcoins used to be the go to for investors if they wanted to earn quick bucks. Alts have suffered the most in this bear market while bitcoin remains above $6K which we can say that we have reach bottom already.


Tend to disagree, dominance is not a sign that we are in bull run. Last year we didn't top 50% but still the market continued its astronomical growth until the bubble has been burst. The rise in dominance really means that investors are likely moving from alts to bitcoin because its the logical thing to do.

Even though Market Cap is a poor metric to measure market dominance, people still get a warm feeling when Bitcoin shows

dominance over other Alt coins. OP, said Bitcoin is losing dominance, but Alt coins in general is losing a lot of transaction

volume & sales over the last couple of weeks. We predicted that interest in Alt coins will diminish and it happened faster than

what we predicted it. The only true coin is holding it's value - Bitcoin (BTC)  :P

with this poor condition of all altcoins there was no secret peoples will choose to stay with bitcoin only. it more safe from shit coin outhere..

I think the arrival of the new coin does not affect the credibility of bitcoin in every market, bitcoin always dominates the market. there is no coin that can rival bitcoin. bitcoin is always ahead. even though the market is bearish.

bitcoin is a choice for everyone. bitcoin regulates the market and volatility. bitcoin never loses investors.

But we're talking about its dominance in percentage here. It doesn't matter if bitcoin will still remain on top or not, it doesn't erase the fact that investors will move out of it if there's a coin they like--which will result in lower dominance.

I think this is a natural movement towards dominance in such a falling market, which will soon be a year)

With a 2% decrease in last month and 8% decrease in the last 7D, there is a feeling of a downtrend.
  Sitting around 51% right now.
Since Jan 13 where is bottomed out at 32%.
  (Source: https://coinmarketcap.com/charts/#dominance-percentage)
There is a rumour about an ALt-season beginning.

Last Year was a similar situation actually.
   In Sep-Nov an ALT-season Started to boom. IT also seems that the market has bottomed last week.
Well, in any case, we will discover soon enough.

Hope you have filled your bags!!
  I will give the ATLs a try the following week. Hope to stand with few more Btc in the end.
 
 

It is not about the faith it's about making money most of the people buying into those shitcoins does that because of the lucrative gains potential which they carry. And the market recently has been bearish so its normal for the people to keep their satoshis intact as the altcoins does not have a bottom and they can go down to unimaginable levels of low.

I don't think for those who felt bitcoin can be replaced by ETH or other altcoin whereas the market cap between bitcoin and altcoin is very far away, bitcoin have 116 B and ETH just have 24 B. I feel it won't be happen, altcoin holders were very ambitious with this problem, might because of the impact of pump and dump that always occur in the altcoin market.

Because of the negative, which is happening in the market, investors lose faith in the rest of the crypto currency and pour money into Bitcoin.

there is no doubt about that bitcoin will dominant market cap always,
those who think that eth or any other major altcoin will take kingdom from bitcoin.its your wrong idea and bcz of negativity about bitcoin.bitcoin built its foundation more strongly.

I think so, that the market capitalization on coinmarketcap (Market Capitalization (https://coinmarketcap.com/charts/#dominance-percentage)) cannot be called domination and when calling domination should be in Github activity (https://coincheckup.com/analysis/github (https://coincheckup.com/analysis/github)).

These numbers made sense. Dominance, Volume, HMA, etc ...

Bitcoin price for some reason this year does not react to anything. It almost turned into a stable coin. Fixed between 6300-6600 $. We expect a rapid rise from here, but this year was not much hope.

I agree, when bitcoin was alone in crypto space bitcoin was really dominant at that time and since alternative coins popped out it caused temporary diversion to investors wanted to venture with altcoins. Though there are some altcoins are really impressive but it cannot take away the blatant scam altcoins and ICOs. And that's the turning point investors getting back to bitcoin as trusted crypto investment to venture with.

I do not use Market Cap as a indicator of dominance, but rather the price of the coins. If people are willing to pay a high price for a coin, then it has dominance based on "demand" for that coin. Bitcoin has had the highest demand for the coin of all coins, since it was released in 2009, so I will say we have a perfect score of 100% dominance over other Alt coins.

Do not be confused with stats provided by Coinmarketcap, because their definition of dominance is misleading.  ::)