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Title: Very stable BTC dominance Post by: quartzz on November 23, 2018, 02:15:36 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%.
However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? /edit: details Since september Bitcoin went from $6500 to $5500 Then 5500 to 4200 Then 4200 to 3700 Then 3700 to 4300 Then 4300 to 3300 BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53% Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards. Note that the absolute value of btc dominance (53%), high/low, is not my point at all. Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning. Title: Re: Very stable BTC dominance Post by: smartbitcoininvestor on November 23, 2018, 03:19:49 AM I think we may need more time to see how the price of Bitcoin (https://www.smartbitcoininvestments.com/price/) evolves.
Title: Re: Very stable BTC dominance Post by: marcelocoin on November 23, 2018, 03:36:29 AM be too early for speculation, I hope that after the holiday season, bitcoin will recover, I do not think it's a lot but at least 30% of this year's fall
Title: Re: Very stable BTC dominance Post by: quartzz on November 23, 2018, 03:45:05 AM But it's been already a couple of days that the dump initiated and dominance hasn't change.
In the past, it used to change as the dump starts Title: Re: Very stable BTC dominance Post by: haroldtee on November 23, 2018, 07:19:46 AM But it's been already a couple of days that the dump initiated and dominance hasn't change. Get to know how dominance is calculated first and you will have a better clue why it has not changed much.In the past, it used to change as the dump starts BTC Dominance (%) = (Bitcoin Market Capitalization / Total Market Capitalization) * 100 Now, you have to understand that money left the whole market and not just bitcoin. We saw every other coin moved accordingly as their value decreased, so in a way, when it comes to dominance, nothing has changed. You will get to figure that out the more this way; if money is leaving altcoins into bitcoin which pretty much will show you a bullish bitcoin and bearish altcoins, BTC dominance increases and it happens the other way round as well. Title: Re: Very stable BTC dominance Post by: davis196 on November 23, 2018, 07:36:22 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD,but the bitcoin dominance reaches 90%,would you be happy?It's normal for bitcoin to "dominate" all the other cryptos in a bear market.In a bull market,the bitcoin market cap will decrease to under 50% of the total crypto market cap. Title: Re: Very stable BTC dominance Post by: nur rochid on November 23, 2018, 07:44:53 AM be too early for speculation, I hope that after the holiday season, bitcoin will recover, I do not think it's a lot but at least 30% of this year's fall indeed it's all our hope, to see bitcoin bullrun. I think recover 30% is good for this year, considering that until the end of November the bear market is still continuing, hopefully in December it will be fulfilledTitle: Re: Very stable BTC dominance Post by: imToken on November 23, 2018, 07:47:35 AM Are you sure that your information is true, not false? Bitcoin has been stable for two months, but now you don't know what the price is? Bitcoin has nothing to do with stability. If Bitcoin is now stable, the entire cryptocurrency market will end.
Title: Re: Very stable BTC dominance Post by: Baofeng on November 23, 2018, 09:17:06 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? The simple explanation is that all coins are also moving down, so obviously the dominance will not change a bit. Yes it could have a impact but its a bad indicator to say the least. There were times that bitcoin's dominance is less than 50% and yet the price is almost at all-time-highs. Title: Re: Very stable BTC dominance Post by: quartzz on November 23, 2018, 03:52:16 PM Are you sure that your information is true, not false? Bitcoin has been stable for two months, but now you don't know what the price is? Bitcoin has nothing to do with stability. If Bitcoin is now stable, the entire cryptocurrency market will end. I don't think you read my post, or get my pointTitle: Re: Very stable BTC dominance Post by: quartzz on November 23, 2018, 04:03:57 PM My point was simply: BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53%
Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards. The fact that it isn't the case this time might mean something, always I'm not sure what. And maybe not. Title: Re: Very stable BTC dominance Post by: EllieBasti05 on November 23, 2018, 04:15:26 PM I think it is currently stable as of now because we dont know what will happens next. All cryptocurrencies experiences fluctuation because of people are more into trading thats why prices drops. Lets wait if bitcoin will recover or have another bull run this year.
Title: Re: Very stable BTC dominance Post by: xingqiaoyin on November 23, 2018, 04:51:17 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? jimmy song said .. the real innovation is bitcoin ... i guess that's that. Title: Re: Very stable BTC dominance Post by: jrrsparkles on November 23, 2018, 05:02:48 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. Which is a sign that most of the investors lost their faith in the altcoins and just keep focusing on bitcoin and about the future of prices.By the way the dominace has no real value for bringing the bull run to the market,the bull run will happen only when increase in the cap values in the considerable amount.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Title: Re: Very stable BTC dominance Post by: dothebeats on November 23, 2018, 06:35:47 PM During bear markets, there are times when bitcoin dominance falls due to the uncertainty surrounding the market. It is the nature of people to avoid traversing an uncertain path and take those that are relatively safe, and this is what's happening in bitcoin and other alts for some time. However, we can't argue the fact that there are still a lot of people eyeing bitcoin and trading it, hoping to make a hefty profit out of the mess, and positive news is also helping these traders to trade against the tides hoping that it will soon change, hence the unchanged bitcoin dominance %.
While I think bitcoin dominance isn't really that important, it helps us gauge the interest of the market over a certain coin, and to see whether it has swayed over to another coin or not to help us decide which crypto is to trade in a specific time-frame. On bear markets, it rarely changes, as a large percentage of traders still want to hold bitcoin and trade it compared to other coins. Title: Re: Very stable BTC dominance Post by: lolland on November 23, 2018, 07:18:14 PM I’m very surprises that the Bitcoin dominance has been so stable. The dominance of Bitcoin should have gone up by now, but I think a lot of traders have sold Bitcoins into stabile coins. History has showed us that most Altcoins in top 20 getting changed every 2-3 years, only Bitcoins really stays up there.
I still think that the market are waiting for a far greater Bitcoins dominance, before the new Bull Run can start. Title: Re: Very stable BTC dominance Post by: Halmater on November 23, 2018, 07:26:52 PM Right now, "bitcoin dominance" doesn't matter so much. If price of bitcoin drops others follow it, vice versa. It is a indicator for crypto market and determines where crypto market goes. There is no need to say more about it.
Title: Re: Very stable BTC dominance Post by: kryptqnick on November 23, 2018, 08:14:02 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. Easy. If you take a look at historical snapshots on coinmarketcap and pay attention to prices and btc dominance, you'll notice that since bitcoin's creating the dominance has been mainly going down as the market was growing. When bitcoin's price gets higher, people start believing more in other coins as well, they think of it as of a great time to invest. Thus, the dominance goes down. If, on the other hand, things get bad and we have a bearish market, people sell all of their coins and transfer some of these funds into bitcoin. Some of them tend to think that even if the market crushes, the king will still be there. We tend to care more only about bc when things get bad, so we see how much marketcap it loses. However, other cryptos lose even more and thus btc dominance level is very high.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Title: Re: Very stable BTC dominance Post by: cellard on November 23, 2018, 08:18:23 PM Dominance is actually going up, we are now at %54.1 which is pretty decent, but there's a long road to %80 where it should be. The only reason we saw all time lows for Bitcoin was due Ethereum pump, a lot of noobs into crypto were looking for "Bitcoin 2.0" and Ethereum sold itself good as "the next big thing". Of course we know is a scam but dumb money doesn't. That Ripple pump was pretty dumb, then we have the forkcoins taking an misleading amount of marketcap.
We also had panic moments on Bitcoin during the segwit drama, then the segwit2x drama, and the bcash drama as well. These events made many people put their money into altcoins temporarily thinking it would retain value there. Long term Bitcoin must go towards %80 due Paretto law distributions and given all of these altcoins aren't solving any fundamental problems Bitcoin could have. Title: Re: Very stable BTC dominance Post by: Slow death on November 23, 2018, 09:51:35 PM The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD I agree The altcoins do not have a great use in real life, if the altcoins had practical use in real life then the dominance of bitcoin would be much smaller and the falls of prices of bitcoin would not affect much the altcoins, but the reality is that the altcoins are focused on solving the problems of the internet, nothing against this, but there are already over 2000 altcoins and more than 80% of these altcoins have the same purpose Title: Re: Very stable BTC dominance Post by: Sama517 on November 23, 2018, 11:59:45 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. Bitcoin has always dominated the market right from inception. 53% dominance is no longer surprising. This has always been the range of its fair share in the market. BTC gave birth to every other coin we have today.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Title: Re: Very stable BTC dominance Post by: rickadone on November 24, 2018, 09:15:04 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. BTC dominance has been pretty much on that level for a while now. The dump is nothing considering the fact that it was something that hit the whole market generally and not just bitcoin. It was not like bitcoin was dropping and the altcoin market was rising. Bear market as we have all seen it is something that affects the whole market overall when it hits, what we are seeing now is just the statistics based on the market cap over all compared to the rest of the market and the dominance of bitcoin totally depends as well on the sentiments of the market overall and where money is moving into.However it appears previous bear market phases always had an impact on the indicator. But it's been already a couple of days that the dump initiated and dominance hasn't change. Maybe you should be reading more on how that dominance is calculated and probably you will figure out the main reason why it has not changed. Bitcoin was not the only coin that dropped, the whole market did, and the dominance of bitcoin is compared generally with the whole market, and the reason why you see the dominance not changing is because money is being moved out from all markets generally, and the percentage of bitcoin in market cap to the total altcoin market cap, simply gives you what the dominance is all about. In the past, it used to change as the dump starts Title: Re: Very stable BTC dominance Post by: quartzz on November 24, 2018, 12:04:39 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. Bitcoin has always dominated the market right from inception. 53% dominance is no longer surprising. This has always been the range of its fair share in the market. BTC gave birth to every other coin we have today.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? I never discussed the absolute value of btc dominance (53%). High/low: not my point at all. My point is that it's merely the same 53% since september 2018. And the massive dump did not even affect it. So far I noticed that some people think it's too early to explain why it didn't change, but that's what I would like to know Title: Re: Very stable BTC dominance Post by: BitHodler on November 24, 2018, 12:46:34 PM My point is that it's merely the same 53% since september 2018. And the massive dump did not even affect it. It's not too early to explain. The reason BTC's dominance didn't change much is because it tanked in quite a similar fashion as altcoins did. Usually it's BTC down 5%, altcoins down +10%, but the decreases were pretty even this time.So far I noticed that some people think it's too early to explain why it didn't change, but that's what I would like to know If everything goes down equally, the dominance won't move much at all. In other words, Bitcoin behaved like a shitcoin in the last few weeks. It didn't show anything of its usual strength, it kept tanking like there is no tomorrow. The most interesting aspect to focus on is whether or not the similarities will be there on the way up as well. If not, it might very well be that altcoins will outperform Bitcoin and drag the dominance below 50% in a quick fashion. Title: Re: Very stable BTC dominance Post by: quartzz on November 24, 2018, 02:32:44 PM My point is that it's merely the same 53% since september 2018. And the massive dump did not even affect it. It's not too early to explain. The reason BTC's dominance didn't change much is because it tanked in quite a similar fashion as altcoins did. Usually it's BTC down 5%, altcoins down +10%, but the decreases were pretty even this time.So far I noticed that some people think it's too early to explain why it didn't change, but that's what I would like to know If everything goes down equally, the dominance won't move much at all. In other words, Bitcoin behaved like a shitcoin in the last few weeks. It didn't show anything of its usual strength, it kept tanking like there is no tomorrow. The most interesting aspect to focus on is whether or not the similarities will be there on the way up as well. If not, it might very well be that altcoins will outperform Bitcoin and drag the dominance below 50% in a quick fashion. So basically you are saying that BTC no longer has this function of "refuge", the safe-haven cryptocurrency. The fact bitcoin behaves like altcoins (or vice versa) means what? Title: Re: Very stable BTC dominance Post by: pixie85 on November 24, 2018, 08:57:43 PM So basically you are saying that BTC no longer has this function of "refuge", the safe-haven cryptocurrency. The fact bitcoin behaves like altcoins (or vice versa) means what? In the old days people were going from Bitcoin to altcoins because altcoins were offering quick gains. When they were selling they were coming back to Bitcoin. Now people are investing in alts straight with fiat, or going through tether instead of Bitcoin. It doesn't have to be that safe refuge because it's much easier to buy and sell altcoins. It's good for Bitcoin because the more stable it is the better. I'd rather have people buy Bitcoin to own Bitcoin not to do it because they want to invest in altcoins. Title: Re: Very stable BTC dominance Post by: redsap on November 24, 2018, 09:20:55 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? well just let see it after holiday session, if the increase of bitcoin is still stable or even be more high to jump back in actual price that was sounds good enough, but i prefer when bitcoin has very stable price rather than violate market. because maybe this is the start of bitcoin to comeback to implement with many big company that provide transaction with bitcoin Title: Re: Very stable BTC dominance Post by: 1Referee on November 24, 2018, 09:23:53 PM So basically you are saying that BTC no longer has this function of "refuge", the safe-haven cryptocurrency. The fact bitcoin behaves like altcoins (or vice versa) means what? Bitcoin broke through its yearly support, which resulted in so much panic, that the fierce selling pressure was enough to have BTC almost outperform altcoins in terms of % movement. Altcoins act like leveraged instruments and exeggerate every movement of BTC, but with so much selling pressure even BTC can't do anything other than go down like 15%. If you also add that there is limited market depth, the price tanks hard, there just isn't a way to put it differently. Bitcoin has to swallow sales from both the altcoin market and its own market, and when both simultaneously pressure BTC, this is what you get. Is it possible that BCHABV vs BCHSV camps sell BTC to pay their bills? It is, but it goes through BitPay, and they don't sell unless they have no other option. Title: Re: Very stable BTC dominance Post by: farosa on November 24, 2018, 09:35:24 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. I don't think there is a lot of big interest changes. Also when the price was 6.5k $, the dominance was around 53%. Even if you can look at it now you can see that the dominance in coinlib.io is 54.26%. I don't think this needs an explanation, even it would be better for us to have lower dominance. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Title: Re: Very stable BTC dominance Post by: Olaiasal11 on November 24, 2018, 09:42:16 PM If we say something about the current market, then we have to look back. You can get ideas about the market from 2009 to 2018. Every time the decrease of btc, its price has increased even more. So we have to be patient. And to get more knowledge about the market.
Title: Re: Very stable BTC dominance Post by: Bobby park on November 24, 2018, 10:57:04 PM be too early for speculation, I hope that after the holiday season, bitcoin will recover, I do not think it's a lot but at least 30% of this year's fall If you can see the last months of 2017, October to Nobember is the pumping days of bitcoin but when December comes in, it gradually goes down. In short, it may goes more down in this upcoming month which is December and the market won't recover in this year anymore. 2019 is a prosperous year for bitcoin said by lots of spectators. Well, we will see if it will happen.Title: Re: Very stable BTC dominance Post by: Agapelove on November 24, 2018, 11:43:37 PM Bitcoin dominance shows only the proof that cryptocurrency investors believe in bitcoin compared to any altcoin. This is the reason why bitcoin is so stable in terms.of market cap. Altcoins, however, are not that stable in terms of market cap since XRP, ETH, BCH are battling it out.
Title: Re: Very stable BTC dominance Post by: ict on November 24, 2018, 11:59:48 PM In my opinion. Bitcoin prices have not always been stable since the beginning. this is very difficult to predict because crypto currencies are allied to demand and supply factors. and the majority of crypto assets also have a huge effect on crypto prices. so it is difficult if we say the crypto price is relatively stable when the crypto price is at the level of 6,500 usd
Title: Re: Very stable BTC dominance Post by: fasdorcas on November 26, 2018, 09:24:07 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. I think it is kinda showing why the altcoin prices are so low even when bitcoin is dropping. The market dominance is the proof that when bitcoin is dropping the price for altcoins drop in bitcoin price as well as usd price (indirectly because of bitcoin price drop) so it does a double dip instead of single dip like bitcoin. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Bitcoin only goes from 6500 dollars to 4300 dollars or whatever and that's one dip, ethereum for example drops in price against bitcoin, it also drops in price because bitcoin drop, which makes it go even further down which it really doesn't have to because nothing major happened in ethereum to make it fall at all. Bitcoin dominance is exactly the reason why we should be focusing on altcoins instead of bitcoin during the bear market season so when things go back up we could have bigger profits. Title: Re: Very stable BTC dominance Post by: mensahkkofie on November 27, 2018, 11:10:19 AM It is too early to decide about this, I believe we need some more time maybe two months to see how stable it is. Basically, bitcoin has been much stable than most altcoins in recent times. So in all, bitcoin is doing better than most cryptocurrencies.
Title: Re: Very stable BTC dominance Post by: Dodoymabs on November 27, 2018, 12:37:08 PM BTC will always give us unexpected surprises which it is occasionally happens. It will always teach us that anything could be possible and as a reference of most altcoins, its value is always vital.
Title: Re: Very stable BTC dominance Post by: Silberman on November 27, 2018, 06:01:22 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. It is difficult to interpret the meaning of this but when the price goes down altcoins tend to lose more money than bitcoin because they are even more unstable, but the bitcoin dominance is remaining close to where it was, this tells me that most likely when we see a recovery we are going to see the alts growing faster than bitcoin and reducing that huge dominance a little bit.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Title: Re: Very stable BTC dominance Post by: quartzz on November 27, 2018, 10:01:43 PM Somebody made a point that the new deal is since dec 2013 crash are the stable coins pegged on dollars, which might get the role "refuge" when tanking at the expense of BTC, hence the stable dominance.
That point seems a good one to me Title: Re: Very stable BTC dominance Post by: kavindra on November 27, 2018, 10:14:15 PM I didn't think that the price movement of BTC is stabilizing, indeed the price was down for recent couple of weeks. Every one is free to make an interpreting or statement about the price of bitcoin, but for me bitcoin will never be stable even though we see the chart is not significantly move. It doesn't mean that the price is table as real currency. Because stable is the opposite of crypto currency principle.
Title: Re: Very stable BTC dominance Post by: quartzz on November 27, 2018, 10:17:04 PM I didn't think that the price movement of BTC is stabilizing, indeed the price was down for recent couple of weeks. Every one is free to make an interpreting or statement about the price of bitcoin, but for me bitcoin will never be stable even though we see the chart is not significantly move. It doesn't mean that the price is table as real currency. Because stable is the opposite of crypto currency principle. The price of BTC was never the question of this topic. I can't believe how many people reply off-topic, I probably was not clear in my original post Title: Re: Very stable BTC dominance Post by: b3j0 on November 27, 2018, 11:06:08 PM lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin.
Title: Re: Very stable BTC dominance Post by: biletskiy on November 30, 2018, 07:36:40 PM lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin. In 2017, when almost all the cryptocurrencies rushed to the Moon, Bitcoin dominance was about 37% only. Today more people trust it and invest in BTC. Its dominance is 53-54%, and it is stable. Title: Re: Very stable BTC dominance Post by: Capt00 on November 30, 2018, 08:00:34 PM lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin. In 2017, when almost all the cryptocurrencies rushed to the Moon, Bitcoin dominance was about 37% only. Today more people trust it and invest in BTC. Its dominance is 53-54%, and it is stable. Title: Re: Very stable BTC dominance Post by: pkarpisek on November 30, 2018, 09:00:46 PM lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin. In 2017, when almost all the cryptocurrencies rushed to the Moon, Bitcoin dominance was about 37% only. Today more people trust it and invest in BTC. Its dominance is 53-54%, and it is stable. It is not really stable. What I like is the 24 hours volume (16B) which show interest in trading. Title: Re: Very stable BTC dominance Post by: Burogh on December 01, 2018, 06:26:45 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Bitcoin dominate market cap value more than 50%, i think its not good for others coin development. many altcoin drop the price more than 95% from highest price and i think if bitcoin domination above 50%, altcoin will not growing fast Title: Re: Very stable BTC dominance Post by: South Park on December 01, 2018, 05:55:27 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. I have noticed that as well and it seems very interesting, bitcoin and altcoins are falling in almost the same proportion, I am not sure what this means, was the crash fabricated? Or are people selling bitcoin and their altcoins in the same proportion because they are getting completely out of the market? I do not know and it will be interesting to know if someone has a theory to explain what it is happening.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Title: Re: Very stable BTC dominance Post by: quartzz on December 02, 2018, 01:56:23 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. I have noticed that as well and it seems very interesting, bitcoin and altcoins are falling in almost the same proportion, I am not sure what this means, was the crash fabricated? Or are people selling bitcoin and their altcoins in the same proportion because they are getting completely out of the market? I do not know and it will be interesting to know if someone has a theory to explain what it is happening.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? That was exactly my point and interrogation. And most notably since in previous market dumps, BTC was not falling in the same proportion as altcoins. 2 points that have been mentionned earlier and seem valid to me, and point out 2 market changes: - Echanges offer more altcoins - Stable coins, which now play the role of "refuge" I'm still amazed how stable it is despite all these massive pumps and dumps Title: Re: Very stable BTC dominance Post by: wahyu wida on December 02, 2018, 05:44:10 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Bitcoin dominate market cap value more than 50%, i think its not good for others coin development. many altcoin drop the price more than 95% from highest price and i think if bitcoin domination above 50%, altcoin will not growing fast Title: Re: Very stable BTC dominance Post by: lihongjing on December 02, 2018, 07:02:38 AM Perhaps the plunge in cryptocurrency in November is preparing for the bull market, which may be good news. But for future market uncertainty, bitcoin instability will help the bull market. The price of Bitcoin is the same as the price before the bull market last year.
Title: Re: Very stable BTC dominance Post by: andika2018 on December 02, 2018, 09:52:35 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Its too early making prediction. Its true that bitcoin market cap dominate more than 53% but i think its because most altcoin drop the price more than 90%. Hopely bitcoin price not drop again because many good news will come to market like BAKKT or ETF trade Title: Re: Very stable BTC dominance Post by: erickbarkley29 on December 02, 2018, 12:03:07 PM can it really be called stable even if it is fluctuating? do you mean that dominance as it has set the trend for the other coins? i just want to understand and ease my confusion.
Title: Re: Very stable BTC dominance Post by: quartzz on December 02, 2018, 12:44:28 PM Perhaps the plunge in cryptocurrency in November is preparing for the bull market, which may be good news. But for future market uncertainty, bitcoin instability will help the bull market. The price of Bitcoin is the same as the price before the bull market last year. Its too early making prediction. Its true that bitcoin market cap dominate more than 53% but i think its because most altcoin drop the price more than 90%. Hopely bitcoin price not drop again because many good news will come to market like BAKKT or ETF trade This topic isn't about predictions but understanding the current situation Title: Re: Very stable BTC dominance Post by: quartzz on December 02, 2018, 12:48:41 PM can it really be called stable even if it is fluctuating? do you mean that dominance as it has set the trend for the other coins? i just want to understand and ease my confusion. Bitcoin went from 6500 to 5500Then 5500 to 4200 Then 4200 to 3700 Since september BTC dominance remained the same (53%) which means BTC and the whole market fell proportionnaly which wasn't the case in previous dump phases. I wonder why and what that means. Title: Re: Very stable BTC dominance Post by: bettercrypto on December 02, 2018, 02:07:11 PM Even with the downward trend last November, bitcoin has been very stable at the most recognize cryptocurrency holding the majority of the total market cap. This would reflect to the trust and confidence investors give to bitcoin. They probably believe to the future of bitcoin.
Title: Re: Very stable BTC dominance Post by: Vinz1978 on December 02, 2018, 02:16:19 PM This year has proven how cryptoenthusiats recognize bitcoin. With its price had fallen already by $15,000 from last year's price, investors are still accumulating their bitcoin by buying more and more. Its low price might be too attractive to investors believing its price will go up again.
Title: Re: Very stable BTC dominance Post by: Bitcoinnation on December 02, 2018, 08:54:04 PM The altcoins do not have a great use in real life, if the altcoins had practical use in real life then the dominance of bitcoin would be much smaller and the falls of prices of bitcoin would not affect much the altcoins, but the reality is that the altcoins are focused on solving the problems of the internet, nothing against this, but there are already over 2000 altcoins and more than 80% of these altcoins have the same purpose Actually some do have real life applications... Take an example of Ethereum. it has proved to be so useful for startups unlike bitcoin. Bitcoins only application is payments and maybe trading.The only reason BTC is so dorminant is because it is the Godfather of cryptocurrencies. Title: Re: Very stable BTC dominance Post by: marcbitcoins on December 03, 2018, 05:02:15 AM Its obvious that Bitcoin is not dominating because it was continue to decline together with the Altcoins therefore it is to early to conclude if the price is slightly bouncing back that it was not a dominance but rather just a trap so better observed very well the market before making a conclusion.
Title: Re: Very stable BTC dominance Post by: vixcious on December 03, 2018, 05:06:03 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. It was only a small stable period and now it is fluctuating again. Volatility is the nature of the crypto market and it can not go away. Once it's stabilized, it's a sign that it's going to have a big turning point.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? Title: Re: Very stable BTC dominance Post by: EcoChavCrypto on December 03, 2018, 05:11:32 AM The dominance will keep going down as the time passes, there are more and more altcoins being created and listed on coinmarketcap on a daily basis, so it should go down.
The marketcap gets distributed equally, and that is the reason of why in the end, bitcoin will lose dominance. But it will all come back again as soon as another bullrun starts. Title: Re: Very stable BTC dominance Post by: virasog on December 03, 2018, 07:02:43 AM lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin. Well, then bitcoin price drops by 1 to 2 Percent, the altcoin prices dip by 10 to 20 Percent. This means that bitcoin Dominance remains the same and currently it is above 50 percent for last many months. This is the reason we don't see any dip on BTC Dominance despite of decrease in prices. Title: Re: Very stable BTC dominance Post by: CoolWave on December 03, 2018, 07:10:21 AM If developing countries happen to get a regulation of the cryptocurrencies(they have to) then this will lead to second phase bull market . I suggest people to stay along with crypto as it is unstoppable . Be it legal or illegal, people will use it . Actually , the countries making it illegal are stupid as people would use it irrespective of the legal involvement . After every bear, there is a bull waiting .
Title: Re: Very stable BTC dominance Post by: quartzz on December 03, 2018, 10:41:27 PM I can feel that people are nervous because most people don't even take time to address the point of "BTC dominance" and straight go speculating about BTC's bright future.
Title: Re: Very stable BTC dominance Post by: cluit on December 04, 2018, 09:13:31 AM lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin. I doubt this can continue for a long period of time, bitcoin is the biggest coin and it will always stay at number one for a long time unless something crazy happens but even with that in mind it is impossible to assume bitcoin dominance can be this high while everything else falls, whenever the prices go up it goes up higher for altcoins whereas it doesn't go up as fast for bitcoin. For the biggest example bitcoin is around 4 thousand dollars right now and if it goes 5 times higher it will be at its all time high, whereas ethereum needs to go 15 times more than its price to be the all time high, nano needs to be 34 times higher to be all time high, there are ton of altcoins like that. Which means when the bull comes bitcoin breaks the all time high price followed by other coins doing the same, bitcoin dominance will fall drastically even tho price goes up. Title: Re: Very stable BTC dominance Post by: eaglewhite80 on December 04, 2018, 09:18:06 AM I can feel that people are nervous because most people don't even take time to address the point of "BTC dominance" and straight go speculating about BTC's bright future. It is a normal thing to expect people to be nervous at times like this. It is indeed a trial time for those who possibly entered the market late last year and obviously, there is always going to be that need to keep looking for ways to at least make it a lot easier when it comes to trying to put their mind in check. BTC dominance at this stage is not a bad thing nor a good thing per se, it is something that just happens based on the market movement, and flow of funds from bitcoin to altcoins to fiat and vice versa. So, in a way, it is not like BTC dominance being stable now means anything substantial.Title: Re: Very stable BTC dominance Post by: serizawa on December 04, 2018, 09:56:27 AM people still believe a lot in bitcoin and now I see BTC still dominates up to 53% ...
even though it is still in a market bear, people are not afraid to buy bitcoin Title: Re: Very stable BTC dominance Post by: nl247 on December 04, 2018, 11:24:29 AM If developing countries happen to get a regulation of the cryptocurrencies(they have to) then this will lead to second phase bull market . I suggest people to stay along with crypto as it is unstoppable . Be it legal or illegal, people will use it . Actually , the countries making it illegal are stupid as people would use it irrespective of the legal involvement . After every bear, there is a bull waiting . Regulations is obviously going to end up bringing a huge bounce for this market, both in value and in maturity. The stable dominance is just something that is temporary anyway, because with the way things are going, I will in no doubt believe that this market obviously is something that will grow more than this over time, and a time will come when there will be a thug of competitive war among the altcoins for survival when it comes to that. Any country that is making it illegal probably have some skeletons in their wardrobe, and they simply feel it will get them a lot exposed, but do they really have much choice in the long run? I don't think so!Title: Re: Very stable BTC dominance Post by: pinoyden on December 04, 2018, 11:25:33 AM lately the dominance of Bitcoin is indeed quite stable, because altcoins such as XRP and ETH also experience huge price declines so they don't have much influence on the dominance of bitcoin. Well, then bitcoin price drops by 1 to 2 Percent, the altcoin prices dip by 10 to 20 Percent. This means that bitcoin Dominance remains the same and currently it is above 50 percent for last many months. This is the reason we don't see any dip on BTC Dominance despite of decrease in prices. The decrease of the price is also termed as dip . bitcoin do still dominating compared to other cryptos because we can see that its value is still leading the charts despite the major dip that it experienced . However , there were still few countries that didnt legalize the use of cryptos and that makes the dominance of bitcoin became less and lesser . Overall we cant say that bitcoin is in stable dominance because there are also investors and hodlers that constatly sold their coins and that makes the price to go down in which it can still cause fluctuations or unstability . Title: Re: Very stable BTC dominance Post by: BitHodler on December 04, 2018, 11:30:41 AM I can feel that people are nervous because most people don't even take time to address the point of "BTC dominance" and straight go speculating about BTC's bright future. People have been made thinking about how important the dominance in market cap is, while it's not important at all. Is Ethereum less functional or less popular now it has been surpassed by XRP? Nope.All the XRP fanboys were celebrating that it went above Ethereum, but for what? Did they win anything by that? They are so dumb, that they don't even understand that XRP has surpassed Ethereum more than once. By the time Ethereum starts pumping again, it will greatly outperform XRP, which is usually underperforming when the rest of the market goes up. Years ago no one even cared about market caps, and now it's "law". Title: Re: Very stable BTC dominance Post by: maligu on December 05, 2018, 09:29:29 AM Stable bitcoin will be bad, the cryptocurrency market is growing, and long-term stability will only lead investors to lose money again, because everyone thinks this is the lowest price, but the market will continue to decline. The price of bitcoin will be stable in the next decade.
Title: Re: Very stable BTC dominance Post by: quartzz on December 05, 2018, 11:55:27 PM 54.2% at the moment, first time I see it above 53.x%
Title: Re: Very stable BTC dominance Post by: rafi035 on December 06, 2018, 05:32:17 AM stable for crypto eyes may not be possible because crypto currencies will continue to move because the trade continues and that cannot make crypto currencies unstable
Title: Re: Very stable BTC dominance Post by: quartzz on December 06, 2018, 09:11:02 AM stable for crypto eyes may not be possible because crypto currencies will continue to move because the trade continues and that cannot make crypto currencies unstable The topic is specifically about the BTC dominance's stability.It's not now at 54.7% Title: Re: Very stable BTC dominance Post by: IlVeroNico on December 06, 2018, 09:17:54 AM Last year Pre-bullrun it passed 60% and then plummeted to sub 35%
Ypu can check it out on CMC https://coinmarketcap.com/charts/#dominance-percentage Title: Re: Very stable BTC dominance Post by: ophyrim on December 06, 2018, 10:02:31 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? BTC dominance has started to increase a little bit from 53% to 55%. But I think 55% is like some kind of resistance level since weeks. People just dont want to sell their altcoins anymore. Title: Re: Very stable BTC dominance Post by: DRVX on December 07, 2018, 01:39:41 PM 54.2% at the moment, first time I see it above 53.x% When BTC price reached its maximum and the cryptocurrency was close to 20 thousand Bitcoin dominance was about 37%. It was explained by the high prices of the altcoins. Now, when alts are down, people prefer to deal with BTC. Title: Re: Very stable BTC dominance Post by: quartzz on December 07, 2018, 01:45:07 PM 54.2% at the moment, first time I see it above 53.x% When BTC price reached its maximum and the cryptocurrency was close to 20 thousand Bitcoin dominance was about 37%. It was explained by the high prices of the altcoins. Now, when alts are down, people prefer to deal with BTC. First time since september 2018 (I forgot to mention). BTC had 3 dumps over that period but dominace remained the same (53%). On this new dump the dominace is finally affected: 55.2% now Title: Re: Very stable BTC dominance Post by: awik p on December 07, 2018, 01:55:21 PM 54.2% at the moment, first time I see it above 53.x% When BTC price reached its maximum and the cryptocurrency was close to 20 thousand Bitcoin dominance was about 37%. It was explained by the high prices of the altcoins. Now, when alts are down, people prefer to deal with BTC. Title: Re: Very stable BTC dominance Post by: sakokinak on December 07, 2018, 07:52:27 PM people still believe a lot in bitcoin and now I see BTC still dominates up to 53% ... even though it is still in a market bear, people are not afraid to buy bitcoin People trust Bitcoin more than even the best altcoins that are in the top-10. Therefore, BTC dominance is very high. In winter 2017, when tokens were growing fast, many guys invested and the main crypto dominance was 37-38%. Title: Re: Very stable BTC dominance Post by: Bitfling on December 08, 2018, 05:38:16 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? When bitcoin price drop, most altcoin price following and bitcoin dominant in market increase. I think when market recovery and altcoin price rising, bitcoin dominant will decrease and its good for market because its more healthy and give a chance for altcoin to grow Title: Re: Very stable BTC dominance Post by: quartzz on December 15, 2018, 05:38:38 PM So it looks like BTC dominance has restabilize around the 55%
Title: Re: Very stable BTC dominance Post by: Akpuv on December 15, 2018, 11:01:25 PM BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway.
Title: Re: Very stable BTC dominance Post by: A L I E N on December 21, 2018, 11:40:08 AM BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway. During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%. Title: Re: Very stable BTC dominance Post by: StacksCity on December 21, 2018, 12:19:14 PM The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold.
Title: Re: Very stable BTC dominance Post by: Ranly123 on December 21, 2018, 12:20:39 PM BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway. During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%. It's good to see those numbers going up. As for my investments, I am still at loss but I am keeping my faith to recover from previous dip and hopefully enjoy some profit in the near future. Title: Re: Very stable BTC dominance Post by: TravelMug on December 21, 2018, 01:17:26 PM The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold. Bitcoin has dominated this market for so long. So I don't think that someone will just arrived and took the market by storm. And just by looking at the trading volumes either in bear or bull market, bitcoin still remains the crypto King so obviously the dominance will continue for many years, specially when institutional money enter the market next year. Title: Re: Very stable BTC dominance Post by: horrifiedx1 on December 21, 2018, 02:19:57 PM The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold. Bitcoin has dominated this market for so long. So I don't think that someone will just arrived and took the market by storm. And just by looking at the trading volumes either in bear or bull market, bitcoin still remains the crypto King so obviously the dominance will continue for many years, specially when institutional money enter the market next year. Title: Re: Very stable BTC dominance Post by: sulendra12 on December 21, 2018, 02:29:34 PM During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%. Even though the price is really underwhelming, but the dominance and its interest are still promising for us as holders and investors also community keep making Bitcoin become more perfect with the current development which makes BTC as dominating the current market.Title: Re: Very stable BTC dominance Post by: CarnagexD on December 21, 2018, 03:11:01 PM The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD I agree The altcoins do not have a great use in real life, if the altcoins had practical use in real life then the dominance of bitcoin would be much smaller and the falls of prices of bitcoin would not affect much the altcoins, but the reality is that the altcoins are focused on solving the problems of the internet, nothing against this, but there are already over 2000 altcoins and more than 80% of these altcoins have the same purpose Yes, Bitcoin remains on top of all the coins as postdd on the crypto market, it survived with all the attack on its market stability on the market. The down turn on the recent market activity last week seems ended. Yet, the market still volatile and unpredictable. Expert says.. they are still awaiting for the Capitulation on the market? On the other hand crypto market shows positive indicators now testing the 4k level on the market. Once Bitcoin sustained this level i believe the rally on upward trend will follow. Good luck Title: Re: Very stable BTC dominance Post by: wuvdoll on December 21, 2018, 03:58:42 PM Dominance is one way of looking at why bitcoin is not dropping as much as the others but also a way of looking why its not moving as fast as others when going up as well.
The deal is when you want to sell you sell your lets say xvg to bitcoin and bitcoin to dollar, which means your xvg only got a sell order, your bitcoin got a buy order AND a sell order, thats why bitcoin didn't dropped too much whereas xvg dropped a lot. When people are getting out this is the reason why bitcoin is not dropping as fast as other coins. However when buying you spend dollars to buy bitcoin and SELL your bitcoin to buy xvg. Now your bitcoin got bought but also sold whereas your xvg only got bought. It makes bitcoin not go as fast as your xvg. This logic has always applied on volatile days and will always be used no matter what. Title: Re: Very stable BTC dominance Post by: Riddikulo on December 23, 2018, 07:08:20 PM The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD I agree The altcoins do not have a great use in real life, if the altcoins had practical use in real life then the dominance of bitcoin would be much smaller and the falls of prices of bitcoin would not affect much the altcoins, but the reality is that the altcoins are focused on solving the problems of the internet, nothing against this, but there are already over 2000 altcoins and more than 80% of these altcoins have the same purpose Yes, Bitcoin remains on top of all the coins as postdd on the crypto market, it survived with all the attack on its market stability on the market. The down turn on the recent market activity last week seems ended. Yet, the market still volatile and unpredictable. Expert says.. they are still awaiting for the Capitulation on the market? On the other hand crypto market shows positive indicators now testing the 4k level on the market. Once Bitcoin sustained this level i believe the rally on upward trend will follow. Good luck Whatever happens on the market, Bitcoin dominance will be also great, man. It is the number one cryptocurrency, and most people take BTC and its price as the indicator of the crypto market situation. Title: Re: Very stable BTC dominance Post by: BTCGOLD on December 23, 2018, 07:45:32 PM I think that 2019 may bring many surprises when it comes to the market cap of many altcoins. I think that whether Bitcoin will maintain, increase or decrease its dominance will not depend only on its popularity. People have already learned that Bitcoin is not the only one on the market and I think that many altcoins can receive a lot of fresh funds that can change the balance of power in the whole cryptocurrency market cap.
Title: Re: Very stable BTC dominance Post by: fatlever on December 23, 2018, 08:09:15 PM At times it tense with a sudden change in price but we all know it is a bear or bull market and there is NO assurance price will have a uptrend always so we need to have a back up plan to meet the dominance and handle the currency by shifting to another accordingly.
Title: Re: Very stable BTC dominance Post by: charlotte04 on December 23, 2018, 10:53:31 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? /edit: details Since september Bitcoin went from $6500 to $5500 Then 5500 to 4200 Then 4200 to 3700 Then 3700 to 4300 Then 4300 to 3300 BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53% Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards. Note that the absolute value of btc dominance (53%), high/low, is not my point at all. Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning. When times comes right and people will realize that bull run is coming again, then a lot of investors will eventually come and it will make the BTC dominance spike up again. Title: Re: Very stable BTC dominance Post by: pedangrusak on December 28, 2018, 11:24:36 PM to this day the value of BTC has reached $ 3900 up 7% from yesterday and this is still stable and profitable in trading, but if you make a long-term investment this is not the best value bitcoin and altcoin gives for your investment, just need to be patient and wait come for the profit you want
Title: Re: Very stable BTC dominance Post by: b3llsf1l3s on December 28, 2018, 11:55:51 PM If developing countries happen to get a regulation of the cryptocurrencies(they have to) then this will lead to second phase bull market . I suggest people to stay along with crypto as it is unstoppable . Be it legal or illegal, people will use it . Actually , the countries making it illegal are stupid as people would use it irrespective of the legal involvement . After every bear, there is a bull waiting . I do not mean to scare the scare, but I think a lot of news about a country that has been regulating crypto and the results, this still only gives crypto price stability, absolutely not able to make the bull phase run back like it used to. Maybe this is the old way and we always need a new method to make another bull run phase Title: Re: Very stable BTC dominance Post by: TheClownSong on December 29, 2018, 07:21:29 AM I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement
Title: Re: Very stable BTC dominance Post by: Barbut on December 29, 2018, 07:54:54 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? /edit: details Since september Bitcoin went from $6500 to $5500 Then 5500 to 4200 Then 4200 to 3700 Then 3700 to 4300 Then 4300 to 3300 BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53% Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards. Note that the absolute value of btc dominance (53%), high/low, is not my point at all. Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning. When times comes right and people will realize that bull run is coming again, then a lot of investors will eventually come and it will make the BTC dominance spike up again. Here is one good article about it https://cryptoguidepro.com/bitcoin-btc-dominance-index-meaning/ (https://cryptoguidepro.com/bitcoin-btc-dominance-index-meaning/) you can learn about bitcoin dominance and about bitcoin dominance in relation to the cryptocurrency market as a whole. I wish you good reading friends, learn more, know more, and nobody can`t lie you after that. Title: Re: Very stable BTC dominance Post by: Natalim on December 29, 2018, 10:09:01 AM I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement The increase of dominance of bitcoin is bad for the overall market, that means people are selling their alts and buying btc, but it's only a one way success. Just recently, the dominance has dropped a bit when there's a little pump, but when it dump again, the dominant easily increase. Still, at above 50% dominance rate, I think the market is scary. Title: Re: Very stable BTC dominance Post by: wewe123 on December 29, 2018, 12:43:54 PM I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement The increase of dominance of bitcoin is bad for the overall market, that means people are selling their alts and buying btc, but it's only a one way success. Just recently, the dominance has dropped a bit when there's a little pump, but when it dump again, the dominant easily increase. Still, at above 50% dominance rate, I think the market is scary. Its been many years now and yet bitcoin is still regaining dominance of the market , we can not deny for this because bitcoin is the top coin of the crypto market , and it is made as referrence of all the altcoin in the crypto market ,I think bitcoin will remain dominance for a long period of time until such time the ,other altcoin will rise and take over bitcoin. Title: Re: Very stable BTC dominance Post by: Yamifoud on December 29, 2018, 02:30:25 PM I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement No question on how Bitcoin still doing great in front of crypto crisis. Many coins were dump drastically but Btc could manage to maintain on its place. Ripple will tried to pump up but isn't strong enough to catch btc on top. This it means that still Btc is the most favorable pick among investors. Title: Re: Very stable BTC dominance Post by: peter0425 on January 08, 2019, 12:44:18 AM I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement No question on how Bitcoin still doing great in front of crypto crisis. Many coins were dump drastically but Btc could manage to maintain on its place. Ripple will tried to pump up but isn't strong enough to catch btc on top. This it means that still Btc is the most favorable pick among investors. Title: Re: Very stable BTC dominance Post by: ifinta on January 08, 2019, 05:59:54 AM I think, if I consider, what I see on the https://coinmarketcap.com/charts/#dominance-percentage (https://coinmarketcap.com/charts/#dominance-percentage), the "Others" "price index" only on coinmarketcap.com, what producing
a stable growth since many years... All other "price index" loosing in the same time interval, BTC, ETH, XRP, IOTA, ... also... Interesting. We should concentrate to new visions on the market maybe? i.e.: https://i.imgur.com/2YEivRy.png (( the Thread wasn't disturbed through Trolls - for a while sure. You can read the whole history up to this post (Why we need Charm, How will Vortexledger work without a "general" thing...) (https://bitcointalk.org/index.php?topic=4392525.msg49066619#msg49066619) undisturbed, I checked: Please read it - up to the post above. It contains important informations - I think. )) What we targeted? - through a P2P Network (Network of "Cells") backed crypto - Charm. 100 Charm = 1 Kiss ... Kiss ("Csók" vagy "puszi" in hungarian language) is a "natural" physically form of our asset :) We accepts it :D already. - support of clear barter, a ledger (Vortexledger) without "general" equvalent - an economy - without moneysystem :D ((A 'No' Money with a 'No' DB for our 'No' Republica ... For 'No' Nuclear - of course. To reserve our Gaia for our children. More can you read through links in the third post.)). - Charm will be a "multi"-ledger asset. - Dorothyum - a "multi"-ledger DApp - an auctionshaus for everything. - The DApp's on our economy will produce a revenue in Charm (or in tokenized things (i.e. oil, water, working power, ...) later). We will share this revenue - to the owners of Charm, - to the Custodian's in Cell's, (( a woman can take i.e. a colored stone or diamond ring from a man, and she can earn with it! The man also! :) )) - to Owner's in Cell's, and - to some Funds, acting for Gaia. - maybe for support and development with some Kisses :) also ... - As first, we choiched Byteball Ledger because - it is GREEN!!! No wasting of computing power!!!!!! - the new form of the Ledger (it based on DAG!!!), - the new form of smart contracts (more better as solidity...), - and the possibility for chat bot's ... What is workig already? - Charm already listed on the Byteball Ledger's Exchange bot!!! You can buy it freely. - We backs Charm already through an Emerald. We "tonenize" this Emerald at this time - later we tokenize everything, what will be offered and accepted... - our testserver - yum (Amsterdam) already running - our first servers - thyum (Amsterdam), dorothy (Sydney) and toto (Toronto) running also The development plan, planned architecture, about milestones...: https://bitcointalk.org/index.php?topic=4392525.msg39128463#msg39128463 (https://bitcointalk.org/index.php?topic=4392525.msg39128463#msg39128463) This post at this time the second post - in second post we trying to show some very important post. A history about the second post's you can find on the third post with the resources, and with some other important information... Title: Re: Very stable BTC dominance Post by: cahbagus555 on January 08, 2019, 09:44:49 AM Its true that bitcoin dominance cryptomarket more than 50% and i think its because most altcoin drop the price more than 90%. Like ethereum, after the price reach highest at $1400, the price drop below $100 and ethereum dominance drop below 15%.
If this continue, i think its not good for altcoin growth because the project can not working well Title: Re: Very stable BTC dominance Post by: lutfi-hasan on January 08, 2019, 10:38:21 AM Its true that bitcoin dominance cryptomarket more than 50% and i think its because most altcoin drop the price more than 90%. Like ethereum, after the price reach highest at $1400, the price drop below $100 and ethereum dominance drop below 15%. Yes, at the moment the price of Bitcoin is very stable if we look after a sharp decline from $ 6400 to $ 3500, and now prices look positive to go back up, hopefully there will be no decline this year, only increases and increases.If this continue, i think its not good for altcoin growth because the project can not working well Title: Re: Very stable BTC dominance Post by: markdario112616 on January 08, 2019, 02:46:16 PM Yes, at the moment the price of Bitcoin is very stable if we look after a sharp decline from $ 6400 to $ 3500, and now prices look positive to go back up, hopefully there will be no decline this year, only increases and increases. Then you should wake up. It's impossible that no reds will be recorded. Remember, that how unstable this world is. Bitcoin's volatility is still present and will never leave. Though, everyone aims for that and being optimistic could really help to stay positive, but given the scenarios, events and etc. let's be more realistic. Title: Re: Very stable BTC dominance Post by: greeklogos on January 08, 2019, 02:53:00 PM be too early for speculation, I hope that after the holiday season, bitcoin will recover, I do not think it's a lot but at least 30% of this year's fall I think holiday season doesn't play a big role for bitcoin. But it actually showed a little raise after Xmass. I doubt this year is going to be good for bitcoin. I do not talk about a phenomenal raise, I just wish to not see any lower number on the exchanger. Title: Re: Very stable BTC dominance Post by: spongegar on January 08, 2019, 03:19:14 PM The data itself is very short and it maybe a coincidence that these percentage are again a fluke. But if it is true then it woukd be suspicious that the growth or decrease and lack thereof is loke clockwork.
Title: Re: Very stable BTC dominance Post by: ausbit on January 09, 2019, 10:32:53 AM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. Bitcoin is volatile, are you not aware of that? You only talk about how far it has gotten down, do you also talk about how far it was able to go from the bottom (from a low price to $19,500)before the price started to decline. I was even thinking it would go below the $3000 mark, but luckily it didn’t. There is no need to complain about it, just stay calm and see what follows next, this year is probably going to be a better year.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? /edit: details Since september Bitcoin went from $6500 to $5500 Then 5500 to 4200 Then 4200 to 3700 Then 3700 to 4300 Then 4300 to 3300 BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53% Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards. Note that the absolute value of btc dominance (53%), high/low, is not my point at all. Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning. Title: Re: Very stable BTC dominance Post by: Dimas99 on January 09, 2019, 01:58:02 PM I think it is currently stable as of now because we dont know what will happens next. All cryptocurrencies experiences fluctuation because of people are more into trading thats why prices drops. Lets wait if bitcoin will recover or have another bull run this year. you are very right at this time and in conditions like this, faith and patience are the most important capital in investment and we must be smart in utilizing every opportunity we will getTitle: Re: Very stable BTC dominance Post by: playboy654 on January 09, 2019, 02:47:50 PM I think it is currently stable as of now because we dont know what will happens next. All cryptocurrencies experiences fluctuation because of people are more into trading thats why prices drops. Lets wait if bitcoin will recover or have another bull run this year. you are very right at this time and in conditions like this, faith and patience are the most important capital in investment and we must be smart in utilizing every opportunity we will getThe stability will be very low when comparing to the previous chat but it is not a standard thing we all know cryptocurrency will not stay in one place this will be there chance to make money so it is good but the value reduce things will be some tensions for lots of investors if it is come to normal then all problem will clear Title: Re: Very stable BTC dominance Post by: Thanasis on January 09, 2019, 05:06:26 PM Actually the dominance is not a good or bad sign for the crypto prices to be increased but it can shows that people were trusting bitcoin more than thousands of other crypto currencies available and it also can makes us to realize it can survive lot of hard days which is not like other shit coins.
Title: Re: Very stable BTC dominance Post by: senin on January 09, 2019, 05:47:03 PM Actually the dominance is not a good or bad sign for the crypto prices to be increased but it can shows that people were trusting bitcoin more than thousands of other crypto currencies available and it also can makes us to realize it can survive lot of hard days which is not like other shit coins. However, over time, the level of Bitcoin capitalization, that is, the level of its dominance over other types of cryptocurrency will inevitably decrease as the development of cryptocurrency. As more promising new coins appear, interest in Bitcoin will vseravno fall. This will especially happen if Bitcoin does not improve and maintain its competitiveness. The credibility of Bitcoin users cryptocurrency is not endless.Title: Re: Very stable BTC dominance Post by: Crypdon on January 09, 2019, 06:03:16 PM The dominance level is still very healthy, it allows for growth in the altcoin sector and for a better crypto market these altcoins need space to thrive. These alts offer much more than bitcoin and developers should be encouraged to continue their own blockchain projects
Title: Re: Very stable BTC dominance Post by: Oilacris on January 09, 2019, 07:04:16 PM Actually the dominance is not a good or bad sign for the crypto prices to be increased but it can shows that people were trusting bitcoin more than thousands of other crypto currencies available and it also can makes us to realize it can survive lot of hard days which is not like other shit coins. True,dominance do signifies on how strong a certain cryptocurrency it is and BTC is on the top of the chain after all these years which it do really gives a good sign that this would really be a good investment for long term but well theres no assurance if it cant be replaced soon.ETH is on the next and followed by XRP. We would able to see if how long these dominance would sustain. Title: Re: Very stable BTC dominance Post by: Wellyan on January 09, 2019, 07:42:27 PM But it's been already a couple of days that the dump initiated and dominance hasn't change. all forms of crypto currency development in the future no one can know for sure in this case confidence and patience are the main capitalIn the past, it used to change as the dump starts Title: Re: Very stable BTC dominance Post by: Visbay on January 09, 2019, 09:17:13 PM Its true that bitcoin dominance cryptomarket more than 50% and i think its because most altcoin drop the price more than 90%. Like ethereum, after the price reach highest at $1400, the price drop below $100 and ethereum dominance drop below 15%. Yes, at the moment the price of Bitcoin is very stable if we look after a sharp decline from $ 6400 to $ 3500, and now prices look positive to go back up, hopefully there will be no decline this year, only increases and increases.If this continue, i think its not good for altcoin growth because the project can not working well Title: Re: Very stable BTC dominance Post by: Distinctin on January 10, 2019, 05:39:41 AM Its true that bitcoin dominance cryptomarket more than 50% and i think its because most altcoin drop the price more than 90%. Like ethereum, after the price reach highest at $1400, the price drop below $100 and ethereum dominance drop below 15%. Yes, at the moment the price of Bitcoin is very stable if we look after a sharp decline from $ 6400 to $ 3500, and now prices look positive to go back up, hopefully there will be no decline this year, only increases and increases.If this continue, i think its not good for altcoin growth because the project can not working well And with the big dominance rate of bitcoin, it makes altcoins hard to grow, I like to go back on a 30 -40 % dominance, that way alts have more room to grow. Title: Re: Very stable BTC dominance Post by: Spaffin on April 17, 2019, 08:42:26 PM If we look at the entire period of the development of the cryptocurrency market, we will see a tendency towards a constant decrease in the level of Bitcoin dominance over other types of cryptocurrencies. This decrease is characterized by lowering the bitcoin capitalization level. This is apparently a natural process. as other types of cryptocurrency are developing, which take a significant part of the investment. Apparently, this trend will continue. It is likely that the time will come when Bitcoin may lose its price dominance. After that, the market will begin to work entirely on new principles.
Title: Re: Very stable BTC dominance Post by: Adriano2010 on April 19, 2019, 07:25:55 PM Indeed the bitcoin dominance was always over 50% as i know and this can be good for bitcoin holders and also for traders, maybe this can help in future to have a huge price.
Title: Re: Very stable BTC dominance Post by: Mahanton on April 19, 2019, 07:30:27 PM Indeed the bitcoin dominance was always over 50% as i know and this can be good for bitcoin holders and also for traders, maybe this can help in future to have a huge price. When it comes to Bitcoin dominance then theres no doubt that no alts would able to surpass it out but there are times which they are mostly tied up with ETH on previous years when it comes to dominance percentage but eventually the market twist up again and arranging for us to see that who's boss on the entire crypto market.Seeing dominance do really put some confidence yet you would able to presume the possible potential ahead. Title: Re: Very stable BTC dominance Post by: Rune on April 19, 2019, 10:27:04 PM Bitcoin will always be dominant there is just noting close to it it seemed like Ethereum and ripple had a small chance of getting close to it but it was never really sustainable.
Noting can keep up Title: Re: Very stable BTC dominance Post by: fuathan on April 20, 2019, 01:27:44 AM It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market).
Title: Re: Very stable BTC dominance Post by: Distinctin on April 20, 2019, 01:46:37 AM It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market). We will never know what will happen to the market if the dominance will drop at that level.Maybe that time bitcoin will be hard to manipulate since some coins are already taking a good percentage in dominance. Now, bitcoin is still at more or less 50% dominant rate, as it fluctuates. Title: Re: Very stable BTC dominance Post by: andriarto on April 20, 2019, 02:02:30 AM It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market). We will never know what will happen to the market if the dominance will drop at that level.Maybe that time bitcoin will be hard to manipulate since some coins are already taking a good percentage in dominance. Now, bitcoin is still at more or less 50% dominant rate, as it fluctuates. Title: Re: Very stable BTC dominance Post by: Valhalaa on April 20, 2019, 02:43:25 AM It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market). actually bitcoin will always dominate and maybe not there will be an altcoin that can replace the dominance of bitcoin, if it gets to bitcoin until it is replaced, there may be an imbalance in terms of price or community, so bitcoin must still dominate Title: Re: Very stable BTC dominance Post by: rika0223 on April 20, 2019, 09:02:44 AM I think we may need more time to see how the price of Bitcoin (https://www.smartbitcoininvestments.com/price/) evolves. one of the risks in investment with crypto currency is the prediction of the development of prices no one can know for sure of course patience and patience is the most important capitalTitle: Re: Very stable BTC dominance Post by: khimer_rangers on April 20, 2019, 01:51:05 PM investing in cryptocurrency is a very high risk if we don't understand correctly about market movements because the market is very difficult to predict and move wildly,I think it is quite stable, the price of bitcoin is priced at $ 5000 to $ 6500 and at the end of 2018 there is no price surge like many people predicted.
Title: Re: Very stable BTC dominance Post by: whirlcoin on April 20, 2019, 02:20:32 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. when we see the development of Bitcoin it is more dominant in the Crypto market so we cannot say the other currencies have the opportunity to make the development of Bitcoin and it will not been probably not possible for any type of investment.However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? /edit: details Since september Bitcoin went from $6500 to $5500 Then 5500 to 4200 Then 4200 to 3700 Then 3700 to 4300 Then 4300 to 3300 BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53% Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards. Note that the absolute value of btc dominance (53%), high/low, is not my point at all. Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning. Title: Re: Very stable BTC dominance Post by: e1719a on April 20, 2019, 02:24:14 PM Nice
Title: Re: Very stable BTC dominance Post by: mersal on April 20, 2019, 05:50:49 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. in this time the Bitcoin stability will be the difference when comparing to the previous time and it made lots of confidence about the investing thoughts today so when it developed right now it will also came with the stability so the investors had the time to made a decision and took the right decision alsoHowever it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? /edit: details Since september Bitcoin went from $6500 to $5500 Then 5500 to 4200 Then 4200 to 3700 Then 3700 to 4300 Then 4300 to 3300 BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53% Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards. Note that the absolute value of btc dominance (53%), high/low, is not my point at all. Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning. Title: Re: Very stable BTC dominance Post by: Remainder on April 22, 2019, 06:57:43 AM I find BTC is the leader of the pack, the other 5 or 10 major crypto currencies are always following the trends that btc is taking.
If bitcoin fall down the rest will falls down with it, I cant see in the future that BTC will be replace by any other crypto currency. Title: Re: Very stable BTC dominance Post by: PlusOne88 on April 22, 2019, 09:47:58 AM No matter what the price will be, as long as the price didn't go up or down quickly as much so that online businesses with bitcoin as payments will not lose to volatility, is good. Even if bitcoin will be price at $3,000 and below, if such increase or decrease are not hourly or daily, bitcoin will be used without hesitation and can be stored or be used like a real currency.
Title: Re: Very stable BTC dominance Post by: maianh09 on April 22, 2019, 11:19:52 AM The market fell, but the trading volume of Bitcoin accounted for about 55% of the entire Cryptocurrency market. Even when the market thrives, Bitcoin still accounts for about 60% of the total supply of total market volume. Bitcoin is always in perpetual existence even when the market is terrible or growing. We believe Bitcoin can change all in the future and its trading volume is increasing.
Title: Re: Very stable BTC dominance Post by: bonker on April 22, 2019, 12:11:18 PM I find BTC is the leader of the pack, the other 5 or 10 major crypto currencies are always following the trends that btc is taking. Only 5 to 10 cryptos were following the prices of bitcoin? I guess all the cryptos which are traded just follow the trend of bitcoin and that is the reason why dominance has increased from the last year.But still price of bitcoin was low compared to its dominance level on the market so in the current bull run we may see less dominance and increasing in the prices.If bitcoin fall down the rest will falls down with it, I cant see in the future that BTC will be replace by any other crypto currency. Title: Re: Very stable BTC dominance Post by: arpon11 on April 22, 2019, 02:10:17 PM be too early for speculation, I hope that after the holiday season, bitcoin will recover, I do not think it's a lot but at least 30% of this year's fall The op has really speculate this market to some extent and to me he has said something that will happen in future and that has happened. Att lest bitcoin has go as low as $3200 in December last year. We are going to see this bitcoin dominance for long and it will be very difficult to bring bitcoin down or any coins compete with it in future. The dominance is still around 53% and I think it means majority of the coins that flow into cryptocurrencies market, flow to bitcoin and that is why when bitcoin is growing, other coins will follow and if it is getting dump other coins are also dumping too. Title: Re: Very stable BTC dominance Post by: 3x2 on April 22, 2019, 02:11:50 PM 45 to 53 is the perfect percentage for this year.
I remember in 2016 the btc dominance was 26 or 32 percentage and it has been continiously rising Year after the Year. Title: Re: Very stable BTC dominance Post by: angel55 on April 22, 2019, 02:35:12 PM The market fell, but the trading volume of Bitcoin accounted for about 55% of the entire Cryptocurrency market. Even when the market thrives, Bitcoin still accounts for about 60% of the total supply of total market volume. Bitcoin is always in perpetual existence even when the market is terrible or growing. We believe Bitcoin can change all in the future and its trading volume is increasing. During bear markets bitcoin tends to gain dominance and the opposite happens during the bull run. Expect these altcoins to go crazy once again during the next bullrun. Some people even think the BTC-ETH flippening will eventually happen. Title: Re: Very stable BTC dominance Post by: bettercrypto on April 22, 2019, 02:39:44 PM 45 to 53 is the perfect percentage for this year. Where did you find that ratings? Many speculations tend to be positive in bitcoin. Since, in the past few years, bitcoin creates an impossible thing we might not expect. However, 2018 is not a year for bitcoin because of the market condition. There are million dollars that pulled from the market by whales which I do not know the cause. But one thing I know, they will return it again once the rally will start.I remember in 2016 the btc dominance was 26 or 32 percentage and it has been continiously rising Year after the Year. Title: Re: Very stable BTC dominance Post by: Artemis3 on April 22, 2019, 03:39:48 PM Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%. However it appears previous bear market phases always had an impact on the indicator. How do you explains this at all? /edit: details Since september Bitcoin went from $6500 to $5500 Then 5500 to 4200 Then 4200 to 3700 Then 3700 to 4300 Then 4300 to 3300 BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53% Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards. Note that the absolute value of btc dominance (53%), high/low, is not my point at all. Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning. I have seen the same pattern before, this is nothing new. When bitcoin goes up, the alts go up. When bitcoin goes down, the alts go down. Bitcoin being stronger, pulls them all around, but them on their own being weaker, won't pull bitcoin very much. Of course within this pulling and pushing, their relative prices fluctuate and this is where some traders make profits from. The simple delay can signal them. But yes in time bitcoin price is going to fluctuate less, we are talking about decades here so don't get too much expectation. Do note that "stable" doesn't mean 1:1 with the USD, they are naturally going the opposite direction in more predictable rates. You know they like to inflate the USD at or near 2% per year, so that's the very least BTC should be gaining against it. Any coin pegged to the USD is also artificially inflating with them (as with all fiats). You can clearly see the increase of value in bitcoin's life, this looks like a logarithmic curve, it goes up very fast in the beginning but tends to slow down with time. The opposite is the exponential curve as always seen with hyperinflation, starts very slow and goes up faster and faster later... https://s14-eu5.startpage.com/cgi-bin/serveimage?url=http%3A%2F%2Fscience.larouchepac.com%2Fgauss%2Fceres%2FInterimII%2FArithmetic%2FPrimes%2FLog_Exp_inverts.jpg&sp=6ada97890fd243654108aee2b72c0c77 Title: Re: Very stable BTC dominance Post by: Wayan_Pedjeng on April 22, 2019, 04:56:01 PM Around one year back, the Bitcoin dominance was around 33% and a lot of users and analysts were predicting that ETH or some other crypto-currency will be toppling Bitcoin from the no.1 position within the near future. And then came the correction. Bitcoin lost almost 80% of its value, but the other coins lost even more. For example, Cardano lost more than 95% of its value.
One possible explanation is that the alts were heavily over-priced and as a result they crashed quite a bit during the correction. Or it can also mean that the alts have underwent a severe correction and they are currently under-priced. Title: Re: Very stable BTC dominance Post by: Aceeakell on April 22, 2019, 05:07:12 PM The dominance level is still very healthy, it allows for growth in the altcoin sector and for a better crypto market these altcoins need space to thrive. These alts offer much more than bitcoin and developers should be encouraged to continue their own blockchain projects
Bitcoin dominance will drop down on day after day next years , marketcap will grow up continuously, some of altcoins will out of circulation and lots of of them will grow up more and more. While the marketcap is divided by coin, bitcoin will loss dominance little by little. it won't be too fast and suddenly. Bitcoin will loss its dominance but i think it never loss against another altcoin. It will continue to be the flagship for a long time Title: Re: Very stable BTC dominance Post by: BlueStackz on April 23, 2019, 05:42:44 AM No matter what the price will be, as long as the price didn't go up or down quickly as much so that online businesses with bitcoin as payments will not lose to volatility, is good. Even if bitcoin will be price at $3,000 and below, if such increase or decrease are not hourly or daily, bitcoin will be used without hesitation and can be stored or be used like a real currency. If BTC is already having like 60% market dominance, then what is left of other coins will be 10%, because the remaining 20% are either shitcoins and should not be counted as part of the market, even though their own marketcap too is reflecting on the marketcap site.Bitcoin as a coin is really more than enough to solve any problem all these projects may have taught off, they just need to give their space completely to bitcoin so that we can achieve crypto adoption fully. If all attention in the market is focused on BTC now, it will be easier to gain attention of government quickly. Title: Re: Very stable BTC dominance Post by: leea-1334 on April 23, 2019, 06:53:58 AM Around one year back, the Bitcoin dominance was around 33% and a lot of users and analysts were predicting that ETH or some other crypto-currency will be toppling Bitcoin from the no.1 position within the near future. And then came the correction. Bitcoin lost almost 80% of its value, but the other coins lost even more. For example, Cardano lost more than 95% of its value. One possible explanation is that the alts were heavily over-priced and as a result they crashed quite a bit during the correction. Or it can also mean that the alts have underwent a severe correction and they are currently under-priced. Oh yeah,,, that was the Flippening, but was that not in 2017 and not last year? What does dominance matter in market cap overall anyway when it is diluted by the likes of Tether or XRP which nobody uses practically? You have to still see dominance in terms of blockchain activity, for example, how many transactions, how much spends to unique addresses,,, things like that. Title: Re: Very stable BTC dominance Post by: illnino on April 23, 2019, 11:14:17 AM It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market). Bitcoin will always dominate the other cryptocurrencies. Simply (and here you are right) when bulls come and people start buying other altcoins, these tokens "take" a part of BTC popularity and its dominance decreases. Title: Re: Very stable BTC dominance Post by: Xampeuu on April 23, 2019, 12:46:14 PM It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market). Bitcoin will always dominate the other cryptocurrencies. Simply (and here you are right) when bulls come and people start buying other altcoins, these tokens "take" a part of BTC popularity and its dominance decreases. Title: Re: Very stable BTC dominance Post by: freedomgo on April 23, 2019, 12:55:21 PM It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market). Bitcoin will always dominate the other cryptocurrencies. Simply (and here you are right) when bulls come and people start buying other altcoins, these tokens "take" a part of BTC popularity and its dominance decreases. I still don't feel the increase of altcoins, maybe it will have its time when investors are fully convince that bitcoin is already bullish and might achieve a new all time high. As for now, based on what I noticed, only major altcoins had increase, and I can only count them which are less than 10, only BCH and BNB are doing good lately. Title: Re: Very stable BTC dominance Post by: senin on October 15, 2019, 05:13:49 PM The dominance level is still very healthy, it allows for growth in the altcoin sector and for a better crypto market these altcoins need space to thrive. These alts offer much more than bitcoin and developers should be encouraged to continue their own blockchain projects Regarding the dominance of Bitcoin, I completely agree with you. Over time, Bitcoin will inevitably lose such dominance, otherwise the development of the market will come to a dead end. After several periods of price fluctuations, when investors are convinced that there will be no cosmic prices for Bitcoin, the price dominance of Bitcoin will inevitably fall.Bitcoin dominance will drop down on day after day next years , marketcap will grow up continuously, some of altcoins will out of circulation and lots of of them will grow up more and more. While the marketcap is divided by coin, bitcoin will loss dominance little by little. it won't be too fast and suddenly. Bitcoin will loss its dominance but i think it never loss against another altcoin. It will continue to be the flagship for a long time In the future, there should be no price dominance in the cryptocurrency market. Due to the fact that many types of cryptocurrencies will develop simultaneously, there should be quite a lot of applicants for leadership and none of them will be able to reach the heights of Bitcoin popularity already. Title: Re: Very stable BTC dominance Post by: cutesgirl on October 16, 2019, 12:35:46 PM Bitcoin still dominance in market until today although less dominance down from 70% and today bitcoin dominance become 66%, how ever bitcoin will always dominance with bitcoin price today have raised down to $7000, how ever bitcoin price on exchange market bitcoin dominance bigger than altcoin with altcoin price very drop after bitcoin down.
Title: Re: Very stable BTC dominance Post by: Google+ on October 16, 2019, 12:40:54 PM right now the cryptocurrency price condition at the exchange is very stable because the economic condition of the market is not crowded, it is different when the market conditions start to crowded so the coin will move very fast or even unstable because the market is bull market and do not know when it can happen again.
Title: Re: Very stable BTC dominance Post by: matchi2011 on October 16, 2019, 01:06:17 PM Bitcoin still dominance in market until today although less dominance down from 70% and today bitcoin dominance become 66%, how ever bitcoin will always dominance with bitcoin price today have raised down to $7000, how ever bitcoin price on exchange market bitcoin dominance bigger than altcoin with altcoin price very drop after bitcoin down. Bitcoin indeed even falling with its current value still dominating the market, Alts still struggling and still don't have any clear directions.Though it's still good to see that bitcoin still raging and getting good sign of momentum, the market as a whole still depending with how bitcoin runs, everything still possible just need to keep yourself updated in order not to fall with wrong decisions. |
