Bitcoin Forum

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is:  62.6%

Even if Bitcoin's market dominance drops to 25% bitcoin will still be the dominant force. Remember, the cryptocurrecy markets is easily swayed by news(both fake and legitimate), especially to most altcoins. Bitcoin will still be the most decentralized, most secure, and most globally adopted coin compared to all the other coins/tokens combined.

The dominance of bitcoin is getting higher because of many failed altcoins, and they are dying so people choose to transfer on bitcoin. A big portion are still filled by many top altcoins and I believe they will also do their best to stay on that position, its really a battle of survival. I’m happy that bitcoin still dominate the market, better to hold more.

As for me, bitcoin dominance is not a very important issue as it could go up and down depending on the growth of the whole cryptocurrency marketplace. I even prefer that it goes below 50% as this is not a political movement where you need at least 51% or a majority to win the race. Hopefully, when the whole cryptocurrency has grown mature, bitcoin dominance will go down percentage-wise because the whole industry is growing well. Even it goes just to 10%, it will never have any impact on its future and arguably also on its price.

If Bitcoin dominance did fall to say 25% that in itself would mean higher prices per token/coins for other competitors out there. 25% BTC Dominance would allow others to narrow the gap and if there was another competitor in the 20%+ Dominance region then that would be an amazing time for crypto.


I think that as long as others narrow the gap on Bitcoin lowering its Dominance then the better it will be for the crypto market in general.

it depends on how you define "dominance"!

- the flawed way that a website made popular is using market capitalization. it is flawed because it doesn't consider the "real supply" of different coins and also it is using a characteristic that doesn't belong to this market (it belongs to stocks). i posted some numbers here which you can see for more details: https://bitcointalk.org/index.php?topic=5158938.msg51618134#msg51618134
but basically 60% ish is the ratio of 17 million coins versus 12,000,000 million coins!

this "gap" you are talking about here, is not going to be filled by this percentage. even if bitcoins so called "dominance" dropped to 10% or rose to 99.99% it still wouldn't change a thing. the real dominance is the adoption and usage of coins in real world. to put simply, bitcoin has it and others don't.

A lower Bitcoin market dominance only lowers bitcoin dominance, well, in terms of markets. When talking about tech, adoption, security, and all those good stuff though, nope. Higher marketcaps of altcoins doesn't necessarily mean they're actually getting better. It mostly just means that they're getting more expensive in terms of price.

I think many will agree that Bitcoin will not change in pace with its dominance even if some Altcoin will come closer to it, I really think that this can not be a subject anymore it is pretty obvious that it will not change anything but I guess there is a specific thing for other altcoins that is for a change and other traders does love the volatility in it and a likable cheap price from all other coins, So in my opinion even if Bitcoin does take the center stage in the Coinmarketcap Altcoins will sure have a spot for traders and investors alike even if they didn't end up in the top.

Bitcoin will always be the number one crypto in coinmarketcap or in any crypto ranking site.

The dominance of bitcoin is gradually increasing.. no one  will take place the bitcoin.. Bitcoin  will always remain top in cryptocurrency  No Doubt...
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No doubt  it will alwayas remain on top in cryptocurrency...

in a perfect world where we had other real projects, that would have made sense. but what we have is pump and dumps and creation of hundreds of new coins in a short time span since it doesn't cost anything and the reward is high! so if the bitcoin dominance fell to 20% in reality is shows that the number of pages on coinmarketcap.com has grown from the current ~25 pages (100 coin per page) to 70 pages.

if you want to see the ream "bitcoin dominance" and determined whether it was actually lowered or if it is still 100%, then look what happens to altcoins as soon as bitcoin price starts to make a move! look where the money goes and how it flees the altcoin market. that should give you a pretty good idea where the real dominance is at ;)

This because bitcoin is the mother of all the coins. Besides, bitcoin is older than any other coin in the market to which means that it has been already had a good market from millions of users all over the world. So, for surr that bitcoin will dominate in the market. However, there could be q chance that one day there could be a crypto that will surpass the bitcoin market.

Just recently I made a thread about BTC dominance and the fate of altcoins as well. I think that when BTC dominance is as high as it is right now, altcoins don't stand a chance. Bitcoin is just one coin, so more than a thousand is far from playing a big part in this situation, let alone particular altcoins. If the dominance is 50% or the other hand, I think it's reasonable and gives space both for Bitcoin and for altcoins. The current growth, unlike the one before, seems to be at the expense of altcoins. It might be a temporary thing, but it seems to be a new trend to me.

I agree with you that BTC dominance is increasing because  of failing coins and tokens but at which point does that dominance become hindrance to the progress of other crypto and at which point does it fall to in order to make other crypto competitive.

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

Check March 10th 2017.

This is what happened that day.

https://www.nytimes.com/2017/03/10/business/dealbook/winkelvoss-brothers-bid-to-create-a-bitcoin-etf-is-rejected.html

I always find it interesting how rarely mentioned the Winklevoss ETF refusal is in terms of setting off THE alt run. If it had passed they would've taken the shit of the century. The moment it didn't they exploded and have never really come back down.

It was a giant relief rally that they weren't going to be left behind in the legitimacy stakes.

This is still relevant as this time around Bitcoin is going to be legitimised in numerous ways that no alt ever will be, albeit in a subtler but more pervasive manner. Hardly anyone is building financial instruments for anything other than BTC. The 'alt season' meme may never be as potent again.

Yes, even if the dominance level of bitcoin fall low to 25% it will continue to be the dominant force of cryptocurrency. In the past once ethereum dominance level reached near to 35% and by that time was ethereum had its ath value. As the market is quite bullish I expect the dominance level of bitcoin to continue over the same region between 60%-65% through the year.

People see BTC as the safest cryptocurrency every time the market moves, whether good or bad, as BTC is a safe harbor, and BTC dominance is increasing or decreasing.

Not only those dying altcoins mate because if you will check the movement of good altcoins or even those stable coins yet the capitalization is lowering meaning some of their investors are taking support and going into Bitcoin so I think this is the reason why the dominance of this number 1 ranked coin is growing up to 62% and maybe even getting higher in future.but this is not a reason to withdraw support from alts instead use this an opportunity to buy more so when the trend change profit will be on your side as well

Bitcoin dominance is increasing and hopefully it will rise above %65 if BTC start growing as we saw last month.
But if dominance decrease then other altcoin prices could go higher because when BTC goes down then investors move to altcoins.
Anyway I don't think so BTC will go down because day by day btc getting famous.

If BTC falls to 10% dominance then it must affect the price so on that I disagree with you.

In the OP I was not asking for opinions about what percentage of BTC dominance would allow for a better playing field for the other crypto to be taken more seriously and be more competitive.

I think there is a shortage of coins that can explain his project and himself very well. So, as you said, there are thousands of coins in the market, and Bitcoin only represents a large part of the market. I think it's more about coins than Bitcoins. At least 1000 of them are completely meaningless projects. The rest must prove themselves under market conditions. Thus, investor preferences will shift in this way.

Hey

The number of cryptocurrencies is over 1600 and growing according to a survey now if we consider this number we would be able to see how it is a big influencer of the market. It is actually controlling the market to an extent ( trading pairs and all ) .
It has 191 billion market cap which is followed by etherum with 105 billion.

It is infact very close not a lot of distance is between them ...i think soon it may surpass it but then again it's Bitcoins that we are talking about .

The dominance of bitcoin over the crypto market has risen again as it is currently over 60% and this has caused a gradual increase in the entier market cap which has risen over $300 B. i think this is a good sign showing an imminent bull run.

As far as I can remember, during the peak price of almost $20k, bitcoin's dominance is around 50%. Bitcoin having a good run and so is the alt coin. So I would say that around that ballpark figure. So that the other 50% is for the alt coins to grow and mature.

Yes, its a sign of bull run and i don’t see any threat for altcoins on that because in the first place Bitcoin really dominates the market. We will see a more dominance of bitcoin if we make another ATH, this is a challenge for altcoins to follow that or else they will be dead and can’t follow the price uptrend.

Bitcoin dominance will reverse shortly, then altcoins will run hard.  That's why 100% of my portfolio is on the altcoin called HST decision token

there is no need for anything for bitcoin to continue to dominate the crypto market, because in fact bitcoin is the most sought after to invest, as much as any new coin that appears to rival it, I don't think it's easy, bitcoin remains a favorite for everyone, and I think it's enough for I hear bitcoin is the mother of all altcoins ... !!

no, actually if this so called dominance were to drop to such low percentages it may actually wake most people up so that they stop using market capitalization as the comparison for determining "dominance" and as soon as they replace it with something meaningful, this percentage jumps back up.

not to mention that people don't buy bitcoin because of some nonsense percentage on a website! they buy it because they either like the technology and what it offers or are speculating its price is going up. none of which is affected by whether it shows 99% or 1% "dominance" on coinmarketcap.com

I think we don't have to wait for a long time from now on to see bitcoin price will get another bull run and I hope that it will trigger the price to rises so high. The altcoin will follow bitcoin, that is for sure, but I think we will going to see the altcoin to increase the first time and then bitcoin price will start the rally. Bitcoin dominance still happens in the market, and I think many people are now trying to buy more bitcoin because, in the future, bitcoin price will rise at the highest price.

Bitcoin dominance is also moving up and down depending on the current market situation. This time, since Bitcoin is a bit more aggressive than the alts, it is expected that Bitcoin dominance is high. But when the time the alts will start its bullish rally, we will also expect that the dominance of Bitcoin will lessen. I am good at 50% Bitcoin dominance. It cannot be too lower than that. That is enough for Bitcoin to remain at the top of all.

We all know that btc has a big value in cryprocurrency the price is getting higher in each year. But sometimes the price foes up and down in the market. Coinmarketcap is a site that you can check the price of your coins and altcoins. If you want to make a profit you can buy or invest coins or you can do the trading. Btc is the future money.

Bitcoin has the major media and news outlets backing it up with interviews, stories, price charts, and discussions so I am not surprised that it has such a large market capitalization. I would invest in Bitcoin for its safety as a public crypto asset and perhaps others that will evolve with the growth of the blockchain and its integration into our systems.

A year and a half ago Bitcoin dominance went down to all-time low
Somehow, Bitcoin still was the most dominant coin in the ecosystem

Being a pioneer gives bitcoin extra power that also in the future might not have a direct relation to the dominance percentages

I see no evidence of that. It is entirely possible that your forecast will be right but it is equally plausible that another innovation will over take Bitcoin or that it will be forked again and another battle such as the BTC/BCH will happen and on that occasion divide the community like never before.

Dominance by Bitcoin will probably not last forever but it will probably be dominating for a long time to come.

even bitcoin dominance is drop, it doesnt mean people sell their bitcoins if marketcap is getting bigger.its a bitcoin percantage according to total market.

It is true that domination does not affect the price of bitcoin, in my opinion market domination is only a measure of competition. The price issue is not determined by market dominance, it remains on demand and supply. The dominance of the bitcoin market is very high, I don't think there will be an altcoin that can surpass it.

Compared to other cryptocurrencies that do not inspire confidence, any bitcoin sale on the market occurs only because of the desire to make money, and not because Bitcoin loses its relevance.  Based on this, price fluctuations will always exist and will earn money on this, because the most important attraction of Bitcoin is its unstable price.

The BTC dominance has grown from around 50.3% a couple of weeks ago to 62.4% today because other crypto have not climbed as steeply as Bitcoin and because the trash/pathetic tokens and coins have been exposed which means more and more people leaving those behind or cutting their losses but not necessarily purchasing other crypto.

Bitcoin dominance is great but to what percentage? At what point does it start damaging other crypto and stops them being real competitors?

There was even 65%
To check bitcoin dominance i am looking BTC vs top alts
Specially btc-eth .Traders are often securing his btc positions by switching to top alts
That way i have instant market outlook

This is not a market that was created for equal competition at all bro.

Bitcoin was released as a mean to revolutionize the worldwide monetary system in a meaningful way. Not, the fact that some decided to be copycats is not Bitcoin's fault. Nothing else is really needed.

Everyone can release whatever they want and the ones who enjoy it can keep it alive with their investments but pretending to be equal or closely equal to the innovator, forget about that since the beginning because it won't happen.

How can you be so sure? That is a bold statement to make.

Maybe a competitor will dethrone it in a few years or so. I keep an open mind about this.

the dominance of bitcoin is very strong in various exchanges, especially in CMC. now the influence of bitcoin is very large, no wonder if bitcoin becomes the biggest and controls almost 62% cryptocurrency

No one can ever replace and defeat a bitcoin easily unless there's sabotage on that cryptocurrency and something new showed up to fix those. Bitcoin is the first decentralized digital money and has a huge community so it's very impossible for them to reach it. Even the bitcoin's price value goes low, there is still a huge gap that will show bitcoin is the greatest of them all.

This is an excellent post. Thank you. If that dominance or over-reliance on BTC within the market capital was to go to down then it would bring some balance (no matter how small) to the others and allow for better competition.

As for alt-coins it is clear beyond doubt that the sellers are active when the market is climbing or in a bull-run so they are making money but then so are BTC sellers.

Bitcoin's path is clear, which is to function as store of value. It's gaining adaption on a daily basis as being that. Optionally, LN might also add utility in form of instantly and near free transactions.

I add more importance to a store of value than anything else-- cheap and fast day to day transactions are likely going to be taken over by centralized stable coins because they work as money and do that today already.

We have had tons of altcoins with each a different utility and roadmap, but none of them signal that there is actual demand for them. Crypto as a whole is just overhyped, so is the blockchain as technology.

What are you views on BTC market Dominance percentages?

It will change. It is always changing. It so happened that the more aggressive as of the moment, and of the past days actually, is Bitcoin. The dominance reflects which is more bullish. By the time the altcoins will start flying, expect the dominance to lower down. As you said, Bitcoin might be dominating on 40% more or less during the alt season.

CMC once had mistakes and was condemned by the community. However, it is still an indispensable part of the market for related data references. Nothing really accurate with the current data. Some exchanges have prevented additional data on CMC. Bitcoin is superior and will account for the highest proportion, behind it, many of the altcoin is in the bottle cap.

it's difficult to minimize the dominance of bitcoin. there are currently no more than 10%. even if all altcoins are combined there is still a long distance. it's difficult to minimize the dominance of bitcoin. there are currently no more than 10% coins. even if all altcoins are combined there is still a long distance.

We already know more about that mate, we are trying to know the reason or reasons behind it dorminance in the world of cryptocurrency. First and foremost, it's the first decentralized digital currency among others that brake the ground for cryptocurrency communities to be know, and also, it's privacy has no rival as such many investors and gambler's are in love with the coin. Bitcoin is the first name you come to know before venturing into the world of cryptocurrency.

During mid-2017, the dominance was down to 33% and Ether was closely behind with 31% (BTC lost a large chunk of the market share when BCH forked out). But even then, Bitcoin was the most dominant coin out there. Now the market share has grown by almost 2x from those levels and we don't need to worry about the future of Bitcoin anymore.

I like your views on 50% dominance but I would be happy for Bitcoin dominanc eto fall to even 30-35% if it means others narrowing the gap.

I do not mean for trash coins and tokens to play catch-up but the serious projects that have meaning, uses and are practical such as Ethereum and XRP as well those with new innovations.

Even before bitcoin has been dominating other altcoins in cryptomarket and as ever before too. andn s one good
cryptocurrency in the market. other tha.tthat there .

So what coulde be the biggest problem in hostipay. I do.not why they.hmm probably gamay I just hope regional directory.

bitcoin is secure and it takes sometime before one can get their money from data and most of all the alpha can do this.

even when cryptocurrency condition bad or bearish , bitcoin will still dominance on cryptomarketcaps. You don't need the reason , because its clear that bitcoin is the first cryptocurrency and all coin on market exchange do pair on bitcoin. that make the volume bitcoin its self really dominance there.

The dominance of bitcoin has come to stay and no coin can challenge it. I really dont see any altcoin closer enough to challenge or get to it's level in years to come. And this not what we expect, we want to see other altcoin skyrocket with it with the same velocity

No other coin will overtake nor will narrow down the gap of bitcoin dominance, ten years from now you will not see many of these coins in the market place and yet you will see bitcoin dominating all the way, we would see more centralized coins being chunked out in the next few years as corporates would take this opportunity to come up with their version of cryptocurrency, but nothing will topple bitcoin.

This is an excellent post. It is always a good idea to look back at historical data to see where we are today to where we were back then.

Crypto will grow and become more and more widely available. There will be numerous challenges from various individuals and group to governmental agencies that will try to either hijack, control or limit crypto usage. let us see what the future holds.

of course, Bitcoin always has room for everyone who wants to make a profit, BTC is now stable between $ 11,600.  even some of my friends sell houses to invest in Bitcoin.  if he sells a house at a price of 1 BTC, and if at the end of this year BTC reaches $ 25,000.  then he gets $ 15,000.  it is a great profit. BTC always dominates in CMC, and in every analysis market, but I better choose to collect small pieces of BTC.

Do you think Ethereum will increase in dominance if Bitcoin decreases or do you thnk other crypto will benefit instead beacuse ETH might have had its day 19 months ago when it had its all time high?

The dominance stands at 65% as of now. IMO, the value for most of the altcoins come from pure speculation and their user-base and acceptability is at a level that is only a fraction of Bitcoin. Two and half years back, Bitcoin enjoyed a dominance of around 86-87% (before going down sharply due to the influx of the ICOs) and in my opinion that represents its fair valuation.

The dominance will continue to grow because Bitcoin is the most profitable coin in the market, some coins just come and go but Bitcoin is always here to continue its dominance and worldwide adoption, people who are coming in the market will first invest in Bitcoin before looking for more coins to add to their portfolio.

That was not the question in the OP.

The question was about the percentage of dominance that keeps Bitcoin dominant but also allows others to play catch-up

Maybe this can only be said to be a temporary analysis and statistics for investors and provoke everyone to buy, because if they have already bought the price will continue to rise even though little by little and will make them profitable in the future. That is why many people want to invest in their stastic style that is very different.

This is why I choose bitcoin over 5 years.
Sometimes I confuse about people who try to choose something risky over something less risky.

But as we all know that crypto trading getting bigger and it's normal things to see in trading world's , isn't it ?

BTC is the dominance that exists. but in every cryptocurrency trip, there will be people who adopt the bitcoin blockchain, of course it is a new project, but bitcoin will remain at number one

Bitcoin is always a top priority when large and small investors enter the crypto market, which attracts most of the inflow of capital into the market. Moreover, too much shitcoin, poor quality, makes investors no longer interested in altcoin. I think bitcoin can increase its dominance by up to 70%, which is entirely possible.

I do not remember such statistics even in 2017, during the bull run. It seems to me, that time, Bitcoin dominance was a bit over 62%, and now, it is over 66%. All this stuff can affect altcoins and let them stop for a while.

If Bitcoin dominance goes over 62% it still leaves space for others to get involved albeit at a lower percentage but if BTC dominance is lower it would allow others a larger share of contribution.

So much profit can be made from altcoins if the timing of buying and selling is right and in that case dominance percentage of Bitcoin falls by the wayside.

This is understandable. Bitcoin has formed and developed over the past 10 years and has become the common standard of the crypto market. Bitcoin is a spice of love in this market. Imagine, bitcoin will rise to higher values ​​in the future. The next transformation will be in Halving at 2020.

I think there was a time that the dominance of bitcoin was dropping to below 50%. That was the time when altcoin like ETH and Ripple was rallying. That would be a healthy competition for cryptocurrency. But now, bitcoin is above 60% in dominance. I think a 30-40% market share for all altcoins is enough since most of them do not have real use anyway. Only a handful of altcoins can be considered useful cryptocurrency and should have a share in the market.

The dominance of bitcoin is just very huge, but there is nothing anyone can do about this because bitcoin has proven itself to be superior to every other coin available in the market. I would have love it should bitcoin dominance reduce to 20% but people have more trust on it. Altcoins will have to keep struggling until the total coinmarket becomes very robust.

This even grow higher as day passed by,today it sits at 65.2% domination from all of the coins growing more than 8% on capitalization as the time I am typing

Altcoin has also supporters that’s why the space don’t come to large by gap so this is the market goes and must be

Obviously Bitcoin price will be at the top according to that this marketplace volume also will goes the same value. I am not so why here mentioning coinmarketcap and giving promotion to the CMC side.
Because of this Bitcoin volume dominance only we are making profit with the high returns in a trading or with your investment amount.

Are you kidding me? That's the most stupid thing I have seen someone post in a long time. Bitcoin's market cap dominance is exactly where it should be. It reflects how useless the majority of the other coins are.

2017 was a crazy year with how the worst possible average joes entered the market inflating the price of EVERY single altcoin. You could throw a dart without looking and that coin would make you sick profits.

These yolo gamblers rekt themselves hard and have left the market. We're much better off without imbeciles turning this ecosystem into a pile of rubbish. Good riddance I would say.

Do you think it is a good thing if BTC dominance increased to 65%+ ?

What do you think are the pros/cons of BTC dominance at 65%+?

The dominance of the market keeps increasing and crossing 65% there is good move in the price of bitcoin while the entire altcoins faced a very big downfall in the value. This time there is more chances for a bigger dominance level to be achieved as people have been moving funds from altcoins to bitcoin continues as there is no big growth with altcoins.

Bitcoin volume dominance traders grab this opportunity to get high profits in the marketcap, we should bitcoin moving their volality fluctuations strongly up and down from 10,000$ upto 13,000$, and a few hour ago more or least 7hours  (estimated time) bitcoin price hit 12,900$ meaning have an indication to get the mark level of 15,000$ to hit the ATh. Treat bitcoin now as dominant coin in marketplace.

Bitcoin will always be the first option to most crypto users as compared to other altcoins. The popularity alone and its usage has not been surpassed by newly-launched platforms. No wonder, we still go back to bitcoin whenever we invested in a certain altcoin that is deemed to failure. Altcoins come and go, but bitcoin is still on its pedestal.

It is those meaningless coins you refer to that have little impact on BTC dominance percentages but rather the others. If everybody buys Bitcoin then dominance increaes.

My point was what percentage dominance would be ideal for Bitcoin to have which allows it to be stable and healthy but allows competitors a chance to try to play catch up.

It is normal to see Bitcoin being the dominant cryptocurrency in Coinmarketcap.
All the transactions and trading activities are paired with BTC. However, I don't think it is normal to see such a dominance in the industry. There are many other cryptos that deserve a bigger portion of the total percentage in the market.

Bitcoin dominance in the coinmarketcap because bitcoin is the king of cryptocurrency and bitcoin is the first cryptocurrency in the world and it has already created its own value. Everyone trusts bitcon because it is the safest and most reliable coin.

Well with 49.9% dominance vs 50.1% dominance there is every chance the thousands of crypto out there will be dominant percentage wise but when will it happen?

Things are not clear except that BTC is dominating well in to 60%+

I'm not sure what you exactly looking for. I think Bitcoin domination should be lower than 40%, however, that would be still a lot provided that there are thousand coins out there.

So far, there has not been a project that really has a big impact on the market and can compete with BTC, it is obvious that people are more inclined towards a project that is growing rapidly and this is the case of Bitcoin, perhaps in the future things are different.

There are many other coins that have greater technology than Bitcoin right now.
It is just that people do not realize that and they want to keep their funds in Bitcoin. Because if the market falls Bitcoin will be the last to stand due to the Fiat pairings that it has in many exchanges.

Yes a bull run might or might not be happening any time soon but at which percentage dominance would you say is the ideal figure which would allow other crypto to play catch up?

That is an intriguing idea. If Bitcoin held 50% dominance and the others held the other 50% then that would be better than the current 65-70% dimnance that Bitcoin is exerting but still would not allow altcoins to play catch-up or have growth unless Bitcoin was near all time highs which should also mean other coins are going sky high too.

What are your views if BTC dominance was lower than 50%?

What about dominance percentages? Sure if BTC rises so should altcoins but at what percentage would be considered an appropriate playing field?

It should and it will remain over 50%. I don't see it going any other way. The crypto market doesn't exist without bitcoin and if bitcoin loses its value the other coins will take an even greater hit.

For dominance to fall people would have to abandon bitcoin and switch to altcoins. Chances of that happening are maybe 1% :D

Bitcoin will remain dominant for the rest of its life not untill something beat it up in the market,like a huge new altcoin that replaced bitcoin fame and encourage bitcoin users that that coin if far way better than bitcoin.But not until then bitcoin still remains at top and dominant

I can see Bitcoin's market cap dominance easily drop below the 50% mark in the future.

It's only a matter of adding enough shitcoins to your index. Right now on CMC it's Bitcoin versus 2200 coins, but that at one point will be Bitcoin versus +10,000 coins. It's an unfair comparison in each and every way, but people like it so it exists. This doesn't mean people will switch to altcoins, just that index sites such as CMC are going with the flow of the market to remain relevant.

CMC might list Libra too eventually. If they have like $5 billion of it in reserve, that's directly the market cap and it will lower Bitcoin's market cap dominance instantly.

When you say BTC dominance will reverse shortly could you please expand on what you mean?

Today i.e 19th June, the BTC Dominance is 60% , both the eth to btc (https://coinswitch.co/coins/bitcoin/bitcoin-to-ethereum) dominance is decreasing since past few days, but it also shows the hope that there is a lot of scope to grow, and cover the gap of dominance in cryptos. I am only bullish in two cryptos, one is ETH and another is BTC.

btc can be interpreted as a major cryptocurrency pair, as it should be possible that bitcoin will always be the top in trading volume. If you get a low volume of bitcoin, it will have an impact on the prices of other altcoins

During the last bullrun the BTC dominance I think was 40%+. It follows the rank that means the 2nd token has the 2nd more dominance. Its really something to think about because all the rest are are divided into all the coins in the market, one that is really insane is that 7% is the XRP, NOT ETH and yet most of the people in the forum hate it. You can check them all here in the charts https://coinmarketcap.com/charts/#dominance-percentage

Yes, bitcoin is dominant and that's fine. I'm sure it will continue. Likely further domination will only intensify. Bitcoin does not lose its position, on the contrary, it only increases

The dominance is still staying above 65%, despite some late fight back from the alts. The trends indicate that the market share of Bitcoin will continue to increase, reaching 70% or more by the end of this year. And it will increase further next year, as a result of the upcoming block reward halving. Right now I don't see a good future for any of the alts.

you should also compare their circulating supply and the premine of each coin to come up with a more realistic market capitalization.
bitcoin has about 17 million coins in circulation with 0 premine
ethereum has more than 106 million coins in circulation with more than 75 million of it premined.

so in reality bitcoin market cap is $190 billion while ethereum is $5 billion.

The market cap of various altcoins as given in the coinmarketcap website is not entirely accurate. For example, take the case of Bitcoin Gold (BTG):

https://coinmarketcap.com/currencies/bitcoin-gold/

As per CMC, the market cap is $456,672,736 and the circulating supply is 17,513,924 BTG. But the real circulating supply is only around 2-3 million coins, as the vast majority of the BTC holders have not extracted the BTG forked coins from their wallets. This is clear if you check the BTG blockchain. The vast majority of the pre-fork BTG coins have never been moved.

Who would not say that, but bitcoin will be the most popular coin, and all the other alcoynts will be focused on it, and the price will depend on the value of bitcoin. I think that for a very long time bitcoin will occupy a leading place, it is a pioneer and trusted by the entire community....

I'm expecting 80-90% dominance.
There is no way alts can keep holding these silly valuations. They are already trying hard to rebuy their coins and raise the price.

Bitcoin is the King.


A few altcoins have an actual usecase but  seem to be stuck in promoting and convincing investors. They are actual businesses with offices and personel. Most have paid a lot of money to consultants that basically did nothing to help them as they lack business administration skills. No business plans, no SWOT analysis, 0 organizing skills, just devs and a few marketers are not actually helping them survive.

With two words I'll explain alt coins: Greedy Devs .

If we don't reach 80% dominance at least there won't be a bull-run.

There are some dead coins with absolutely zero trading volume and they are also included in this calculation which is wrong.

If a coin has $1k or less trading volume in the last 24 hours, its weight in the dominance calculation is completely worthless.

Take some % from alts and add a few %2-3's to bitcoin.

That makes sense because bitcoin will be the ultimate reason for people to buy crypto currencies. Investors are also smart not touching altcoins for now because of the great effect that the halving will give to bitcoin. I expect altcoins to go very quiet for now and its time for moon season is after a few months of the bitcoin halving.

I think that is a natural thing if bitcoin occupies the top caste in CMC or other crypto rankings. I think everyone will certainly agree with that.

for now yes but we dont know what the future holds with bitcoin  . it may or may not stay dominating because it will be replaced by some new good coins .

really ?  but bitcoin is expensive and not all investors can buy more of it  . this limits thier potential income but they can just  easily pick small coins and buy it bulk to earn huge profits  .

Facebook is having a market cap of $566 billion right now and they have cash reserves in tens of billions of USD. I won't be surprised if FB pumps $50 billion in to Libra initially. But it is debatable whether CMC would include Libra as one of the cryptocurrencies in its list or not. CMC lists centralized cryptocurrencies such as XRP, so ideally Libra should be able to list itself there. But then, given its hostility towards the current cryptocurrency ecosystem and the real intention, my prediction is that CMC would not consider Libra as a cryptocurrency. Just because Libra has the form of a cryptocurrency, we can't conclude that it is a currency like BTC and ETH, and is different from fiat currencies such as USD and CNY.

It's already there: https://coinmarketcap.com/currencies/facebook-libra/

Coinmarketcap makes money from ads and selling services, they don't care about the underlying ideology of cryptocurrency, they'll list the shittiest of shitcoins if it will make them more money.
Libra will take a bite from Bitcoin's market share - so what? We've seen worse with ETH and XRP bubbles, and countless other shitcoins - some were even entertaining the idea of flipping Bitcoin, and where are they now? In the end Bitcoin is secure and decentralized, while other coins are not - and the market will catch up to this fact eventually.

Well I never. Am surprised.

I think there's a case for stablecoin stats to be listed. It's useful to have a resource showing how many there are, how traded they are and where they can be traded. All the same they'd be much better off in a separate section as the people seeking out that info are going to be a different breed of curious.

That does not answer the question.

In your opinion at which percentage dominance does Bitcoin still have plenty of control but allows other crypto to be dominant in their own right too?

For two years in the cryptocurrency, I have seen bitcoin fall below 50% dominance. But even then, he remained a leader in the cryptocurrency market. Dominance is not enough to shift bitcoin from its leadership position.

30% dominance will make bitcoin a leader as long there's no coin with greater dominance and now it is 50% obvious that none of other altcoins will take its position if the dominance is even lower then when bitcoin only has 30%.
I think they will, you see there's USDT and many stablecoin they still get listed on coinmarketcap so Libra being listed there has huge possibility.

Keeping aside your opinion on the reason people are buying and selling Bitcoin, what percentage would you life to see BTC so it allows other crypto to have a foothold in the market too?

Even before the bullish market that happened some years back, bitcoin has been dominating the market due to different factors which other or most altcoins are yet to have. Regardless of the fall in market price it will still be leading coin in the crypto space for the next few decades due to its adoption globally, although maybe in another two or three decades another altcoin might surpass it but for now bitcoin will still dominant the main and minor market.

The dominance of Bitcoin would forever reign over the entire crypto market as it is the cryptocurrency that is largely invested into by crypto enthusiasts. Also, the return of investment on Bitcoin is quite higher and stable than most cryptocurrencies. Investing into Bitcoin is far better than investing into altcoins, most altcoins are worthless now and that is one of the reasons why Bitcoin dominance is always on the rise.

New users or investors will go for the most known or used crypto currency and that will be Bitcoin and wont change any time soon. With that it also count that most that are already in the crypto space would keep there larger stacks in BTC.

It is necessary to divide the coins into two types: for investment and for functional use. Bitcoin is reliable and transparent, better than other coins, ideal for investing because it is unlikely that someone will be able to catch up with his next 5-10 years. In turn, a lot of functional coins are developing very well, but they will not be able to get such a price as Bitcoin because they are narrow-profile

So even with the bull run as which percentage would say BTC dominance will be strong but will also allow other crypto to narrow the gap?

During the past 3-4 days, the Bitcoin dominance has gone down by 2%, from 66.7% to 64.7%. But overall, the trends indicate a rising market share for Bitcoin (three months back, the dominance was around 50%). This is despite the fact that CMC had added a few hundred coins recently (one of them, UNUS SED is currently having a market cap of $1.3 billion). ETH has gone below the 0.025 support level and is currently trading at 0.022 BTC per coin. XRP is struggling to stay above 3,000 Sat.

The altcoin market share has shrunk to around 35% (including the stable coins and Bitcoin forks) and we are witnessing an ever growing number of coins competing for the constantly shrinking space. There have been a lot of fund inflow to Bitcoin from the alts. Probably by the end of 2019, we'll be having a dominance of around 75%.

This is what i think so...i don't think that there is a token or coin will have a better dominance percentage than bitcoin

A single coin may not be able to overtake Bitcoin on its own. But it is entirely possible that the combined market share of the altcoins can cross the 50% level (three months back, we were having similar figures). Bitcoin will remain as the largest currency (in terms of market capitalization), but there will be a lot of fragmentation in the crypto market.

That is an interesting point you make. In your opinion if 50% dominance is all Bitcoin needs then it leaves thousands of tokens and altcoins fighting out for the other 50%. Out of that would be a top 15 or 30 coins in Coinmarketcap that would have the bulk of that other 50% dominance.

Going by that even if BTC dominance fell lower than 50% it would not really hurt BTC growth and at the same time would allow others to grow too.

Is always nice topic to talk about bitcoin can dominance all cryptocurrency. If cryptocurrency have a good news about cryptocurrency, bitcoin must be dominance on all exchange cause simple think, all crypto use bitcoin for all transaction.

Well!! Bitcoin is the superstar of the crypto market, as it continues to dominate the crypto market.

As of now it almost close to 70% dominance over Ethereum and the other altcoins. It is why no matter which altcoin I can get, I am moving them to Bitcoin instead. As financial institutions and new investors recognize Bitcoin more than others, it is where it’s dominant than any other coins or tokens in the market.

Failed altcoins also contributed to that, which people are turning into Bitcoin after converting their altcoins to Ethereum. I have a lot of altcoins that I am holding in my wallet with a little hope in them. In order for me to make it grow, I have no choice but to trade them to Bitcoin as it continues to dominate the market.

Fact: You can’t beat Bitcoin

The dominance is kinda bad to other crypto currencies but it only shows also how powerful the king of crypto currencies is. Bitcoin is showing a positive output by dominating the other currencies while continuing to skyrocket it's price.

Holder of bitcoin will surely love this great news especially in the following months as it will surely continue to move upward.

I think the reason why the dominance is increasing so fast is due to over-leveraged people who kept buying and buying alts back in May-June because they were expecting an alt reason rally which hasn't happened yet.

People think that 2019 will be a repeat of 2017 but they need to realise that it doesn't work that way. I think the coins like XRP, LTC, ETH suffer the most due to the high margin available to trade those alts against the BTC ratio. And if you look at a weekly chart, it just keeps going lower and lower and lower and people keep trying to catch a falling knife and end up getting liquidated. Hence the sell-offs keep contuning.

I think the strong alts will bounce back eventually however its hard to tell when that will happen. So right now its best to just buy the alts without leverage and see how it plays out.

Bitcoin is the king of crypto world. Last 5-7years, it is seen  that, thousands of coins and tokens had come to market. Many of them, get successful and most of them get scammed. But if you see bitcoin, it has increased huge. So undoubtedly people would like to choice bitcoin because of it's safety & security. That's the reason, BTC Dominance in crypto world

Bitcoin still remains number one, and it can be compare with other Alt-coin in the crypto community, And it keep leading in coin market cap as number, Hence is BTC has more prospect in future. 

speaking of uncertainty i bet bitcoin is the number one because btc is the most volatile crypto but why many people still prefer it  over those other coins that are more stable  ?  maybe because they believe that more risk means more reward which seems to be true to some .

all coins were actually suffering . they sometimes decline but bitcoin as i said earlier is not so stable but altcoins are but still bitcoin is consider to be one of the safest coin  .

Obviously it will not be in the number 1 spot if it has no good future waiting for it.
Bitcoin has been dominating the market ever since, and it was not dethrone yet as the king in the market, and as the market continues to exist, bitcoin dominant keep increasing as well, which makes it the most promising and the most strong coins, that's why investors chooses it over altcoins when the overall market is bad.

Current BTC Dominance:  69.4%.

I'm not sure if we have seen this kind of numbers in the past years. But it only indicates that bitcoin is really on top of the game as investors are still flocking into the market. And specially that the price seems to recover from the last all-time-high, I wouldn't be surprise to see the price will hover around the 60% and altcoin market continues to bleed. What more intriguing is that we are not yet in the bull-run, so imagine what will be the number in the next coming months.

Those figures were last seen at least two years back. If the trends continue, I won't be surprised to see a Bitcoin dominance of 75% or even 80% by the end of this year. One important thing to note here is that the altcoin prices are going down not just against Bitcoin, but also against the United States Dollar. During the past two months, most of them have gone down as much as 40% against the USD.

The Bitcoin dominance is not a problem.

There is an intense competition in the crypto environment, and Bitcoin shows its strength as the first and most popular cryptocurrency.

When more and more coins are created and become popular, the Bitcoin dominance will eventually disappear.

There are already many popular cryptocurrencies in the market with real use cases.
Still, they struggle to increase their market share and Bitcoin continues to dominate the market.
If altcoins didn't show that they are alive and investors start to trust them, we are going to have a problem as the market will collapse.

Yes there are many coins that being created daily some are good but most are not really. People actually purchase them but they prioritze btc and they allocate more percent on btc because btc is the most profitable and the most trusted among all  .

 we are sure that btc will remain even others are collapsing  if ever there is a major problem on the market of cryptos  . this why btc will continue to riegn its dominance 

people do really need to take a lesson from this. "market cap" should never even be calculated let alone be used as a ranking characteristics or for dominance.

before you know it, 2017 will be repeated. bitcoin will go to $100k this time, altcoins get pumped in short term and again we will have another 2018 2019 where bitcoin stays up while altcoins get killed with all their dumps.

I personally agree with you sir. I do not agree if seeing the dominance of Bitcoin only through the public market because as many people already know, Bitcoin Trading Volume in many exchanges is fake. Many sources say this news, one of which came from Forbes
https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-reported-bitcoin-trading-volume-is-fake-says-bitwise/#f1be99767175

Bitcoin dominates because the coin is used for trading because of its high cost. Other coins have narrow functionality, so that's why not many people use them. Perhaps Ethereum will have a chance to catch up with Bitcoin, but for this Vitalik Buterin should create an ingenious product like a smart contract was created

The last bull run do not forget a lot of money were in Alts due to the ICO hype. The influx or money in the crypto space is huge with regards to Alts. If 2017 is repeated Alts wouldn't enjoy such rise especially not in the proortion they did last in 2017. So 2018 2019 might no exist no. More

It gets higher as days passed by.now we are in 68.4% dominance and this means profit to the bitcoin holders(even though as I speak the value of bitcoin is dropping up to 8%)
Altcoins are not competing with bitcoin instead they are using the top rank coin to grow and the technology behind bitcoin has bing used by some of them.and besides every coin has their own function(not counting those clone and shitcoin)

I believe the issue of BTC dominance on CoinMarketCap, is not contended, in the sense that it has been observed in times past, that the cryptocurrency has not taken a fall from its top position right from the on-set. It has also been seen that whenever there is a fall in the market, all other cryptos are affected likewise.

Bitcoin will remain number 1 at CMC due to its price and many tokens are just depending on their total number of supply while having the luxury of BTC price in USD.
You can see that XRP at high rank due to USD value and not with the sats. BITCOIN will remain as it is the most use token in cryptocurrency exchanges.

What about your views on BTC market dominance percentages?

The total market cap of bitcoin is higher compare to any coins or tokens, the dominance of bitcoin will continue until we mine the last block for bitcoin. The limit on supply makes the price expensive, this is normal when you have it better to hold on it. The dominance of bitcoin will become stronger, many expect this to happen next year so keep your eyes on bitcoin because it will become a more giant coin as expected.

In my opinion, the ideal situation for bitcoin dominance in the market is around 30-35%. If the dominance of bitcoin is still above 50%, many new projects will be difficult to survive because they have been abandoned by their investors. With a dominance of 30-35% but the market value of the cryptocurrency market cap is at 1 trillion dollars, then the price of bitcoin will not change much from the current price, maybe even be in the range of $ 20k

IMHO, nothing! Bitcoin already have everything — the highest price, investors and adoption. There's no need for btc to feel threatened anymore because he is currently unbeatable. Altcoins should do a lot of work first if they really want to kick btc on his throne but how? I don't know either (even Ethereum, the closest to him, was still no match), hmm maybe if the world suddenly got brainwashed, sell all btcs and buy a particular alt lol ;D.

BTC should increase dominance as Feb 2017, specifically above 85%. Then the alt season will begin.

Now real btc domination is higher than the graph shows us. Calculation takes a lot of shit coins that have any kind of price, but they are not liquid.

Definitely that's true, the dominant rate is only computed from the data in the exchanges listed, but there are transactions out there that is not tallied, those transactions like OTC also involves a huge amount of money that if monitored would certainly make bitcoin dominant more higher.

Currently at 68% now but if the above-mentioned is included, it could rise as high as 80%, and that's pretty huge and that's how bitcoin dominate the market that it can dictate result to a big price movement of altcoins with just a small move.

If you are not surprised about Bitcoin market capitalisation that is great but what are your views on percentages of BTC dominance of the whole crypto market?

It is history repeating. BTC dominance will rise above 70%. Every investors remembers last bull run. First BTC was pumped and than altcoins. That is the reason we have so called bull run and altseason. When investors will be happy with with BTC profit majority will switch to best alts available. Make a list of the ones you like and trust the most and be ready to transfer the profits to alts when BTC pumps above ATH this time.

Definitely, however, I don't think BTC will be remove because this market is getting bigger with different of platforms trying to compete.

The dominant of BTC will only decrease in the long run, but that will not make it a bad investment, it will only decrease to help the altcoins to grow because with the current rate of BTC, there is no chance for altcoins to have their own progress in terms of value although they have some developments that has to be appreciated by the investors, right now, most investors are on BTC, I'm hoping it will change though.

I support this idea because in cryptocurrency market cap bitcoin is a King and Ethereum is the queen and others cryptocurrency are the soldiers in bitcoin kingdoms.

With the rate of bitcoin development, bitcoin will always have the dominance and the dominance will not end anytime soon which I don’t think the dominance should completely affect the altcoins forever,  and like I said, bitcoin will remain dominant and may even grow above 50% but even at that, what we need for altcoins to start increasing is for bitcoin to go sideways, if bitcoin starts to move sideways and then consolidate, then altcoins will regain their freedom once again, and then we will see those that still have little life in them start growing and blowing beyond our imagination.

I am not so much concerned about the dominance of bitcoin, I am just hoping that bitcoin will go on consolidation very soon because that is the only way that these coins can  survive.

Back then we had around 2,000 cryptocurrencies. Now we have more than 10,000. So naturally the current Bitcoin dominance should be lower than the figure we had in 2017. The last time I checked Coinmarketcap, the dominance was around 69%. Taking in to account the new coins, a fair valuation should be somewhere in between 70% and 80%.

So when Bitcoin dominance went to an all time low how do you think it affected the rest of the market?

After all, bitcoin is bitcoin!  ;) Everyone prefer bitcoin than altcoin as because Bitcoin already have gained trust. People belive "Bitcoin price may go down but it is not scam". I think this is the main reason behind BTC Dominance with large number of share/percentage. Top10 coin/token in CMC may increase by theirs Dominance after bitcoin

How do you think other coins and tokens will perform if Bitcoin dominance rises or falls?

There is this interesting article that stated that the real atcoin value is 10% and a big part is shared between ETH and XRP.  The research considered the liquidity in the space and bitcoin took the big advantage.
https://cryptopotato.com/altcoins-real-dominance-is-only-10-of-the-crypto-market-not-30-new-study-reveals/

There is no guarantee that Bitcoin will never be replaced by a technologically better alternative. As the case with all the technological innovations, Bitcoin also will be eventually replaced by something else. However, right now there is no such alternative in existence, which has the capability to overtake Bitcoin. There are technologically advanced cryptocurrencies available, but their basic concept remains same as that of BTC.

If a developer wants his coin to replace Bitcoin, then he should be ready to try a fundamentally different approach. He should be able to come up with an alternative to Blockchain. As of now, almost all the cryptocurrencies use some form of a Blockchain to store the transactions. And since it was originally a concept invented by Satoshi, Bitcoin remains on the top as the "original" cryptocurrency. It is possible to replace Blockchain with a better concept.

I think Bitcoins dominance will continue to go higher because it is the most adopted and trusted cryptocurrency, altcoins on the other doesn't affect bitcoin because we can see lots of useless altcoins are being created everyday which will vanished overtime. The only scenario that bitcoins dominance will fall when altseason starts, well we don't when will it be happening again.

We are hoping that the altcoins market will start a rally soon, hopefully this year but it's true that we don't know when.
I wasn't expecting BTC to rise that fast in the first half of the year, but it happen, when BTC had a great 1st half, it struggles in the 2nd half that's why we are still seeing a price sideways movement from $9K to $10K.

Our happy moments is when bitcoin will cross a new high as most likely altcoins will rally also.
That's the moment I've been waiting for and I will bet on it that it's gonna be the same patter that will happen.
Let's just continue to hold while waiting and enjoy trading BTC in short term since it's volatility is good now, down 5% now, soon it will be up 5% again.

BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it

Bitcoin is well known and also the prime one on this platform, cryptocurrency is not based on season but based on dominance, it won't change in Bitcoin case since Bitcoin already used publicly for exchanging in fiat or real money also considered as a permanent part of cryptohub, all coins don't match to the popularity and use of bitcoin.

Bitcoin has never stopped dominating the market, probably its dominant rate has drop during the bull run or altcoins season but it remains the most dominant coin in the market. Some are saying that the dominant rate written in https://coinmarketcap.com/ is lower compared to the actual dominant rate, and I will agree with that since we have more OTC transactions of bitcoins that are not listed in the site above.

As bitcoin is not yet showings signs of bullish movement, we can expect that BTC dominant rate will continue to rise as people are also afraid of putting their money in altcoins now.

I think bitcoin is the determinant coin in the market and at that it dominance is high due to the fact that bitcoin is what most of all other coins and token are traded with and it determined their price. Take for example when bitcoin is down against the dollars other coin's will suffer the same from the market situation.

To be honest, as a trader, I am more afraid of the dominance of bitcoin than ever before, the dominance of bitcoin has become so strong in this market, and everyone can see, every movement of bitcoin is shaking the whole market, in the long run, this rate will continue to increase, altcoin will become a dead zone, bitcoin will establish an absolute dominance. I do not believe that people will like such a situation, our chances of making money will narrow, and we will be very dependent on bitcoin, the level of risk also increases significantly.

Now it has reached 70%. This is the risk of the existence of Altcoin. I hope that by the end of 2019, altcoins will have a revolution that brings dominance to equilibrium and stability.
I read a few articles, they talked about Altcoin Bitcoin replacement; This really will never happen, the value of Bitcoin is an unquestionable existence.
https://i.imgur.com/RbkZSEh.png

Forbes study is now 90% so it's a big jump in just a month, but it's still debatable other studies show different stats, but all we know Bitcoin is still dominating the market, and those coming in now in the market, or new investors investing in Crypto should start with Bitcoin.

I'm also holding altcoins in my portfolio, and I'm very confident that even though Bitcoin has a huge dominance my altcoins will still deliver, these altcoins are on the top in the market rank and they have their own concept, that they are bringing to the table.

In my opinion, it is quite possible emergence of a new altcoins that replace bitcoin in future, such as Libra or Ton. Bitcoin is too slow, I do not believe that we will ever be able to pay them in the store for everyday purchases.

So keeping in mind that you stated domination does not affect the price of Bitcoin, what is the ideal percentage you would happy to see BTC versus altcoins?

Because bitcoin pioneered the cryptocurrency since 2009 that one factor why its price is very high nowadays. It is more trusted than other coins that is why its demand is high and it has many features that people choose to experience and those are some of the factors why people tend to buy it. Also why the price is high because of the limited supply of it, 21 million only compared to other coins that has hundred million to billion supply why their respective prices is low.

The dominance is stuck at 68% - 69.5% range for quite some time. Perhaps another trigger is needed to breach the 70% level. I thought that the recent ruling against Craig S Wright would take a big chunk out of BSV's market cap and give a big boost to Bitcoin, but it never happened. Altcoins are still down and on death bed, but it is the stablecoins and the Bitcoin forks that keep the dominance below 70%. Now Bitcoin needs to poach in to the stablecoin market share, which is going to be very difficult. Most of the stablecoins by volume are being held by various exchanges and I don't think that they'll readily give up those coins.

It's 68% now after a month, I don't see it narrowing the gap this year, there are reports that it could be higher based on other studies, people should now just concentrate on Bitcoin or make the majority of their portfolio, with the so many dead coins in the market, and altcoins share dwindling.

Bitcoin will always dominate the market due to its high trust among market users. Altcoins may come closer to Bitcoin if developers come up with a revolutionary product as it was with smart contracts, in other cases Bitcoin will be unattainable

As you rightly noted, Bitcoin has a high level of capitalization and price dominance due to the fact that it enjoys high confidence of people. However, trust, the concept is volatile. It may change in a few days. Especially if Bitcoin will continue to have problems with improvement, and especially with scaling. So everything can be. You can not rely on the trust of users as something permanent and unshakable.

Never say never and never say always. I believe in Bitcoin most of all and its dominance in my own portfolio speaks for itself. And it will always be the case for as long as I see that things don't change. As in, BTC is still the most developed coin, with the most merchants, with the most liquidity, the most security etc.

But if that changes, will I also change? I think so.

Its %70 now.bitcoin make every move to kill altcoins.up or down doesnt matter, every each move killing alts.this is the most thing i hate in crypto.every coin should have their own graphic, not depend to bitcoin.

As long as bitcoin rises, it will not kill altcoins, look at the market now, almost everything in the top 100 are green because BTC rises 6% today, and it's just one day, I can say that's a significant rise. Some thought bitcoin would drop below $9K but once again, BTC proven them wrong because when BTC were down hard, it also bounce back hard.

From here, I'm expecting BTC to reach at least $11,000 in this week, hopefully, I'll make a correct prediction.

That's right, Bitcoin's fluctuations have a huge influence on other cryptocurrencies. Bitcoin is the one which dictates terms at the whole cryptocurrency market.
I hope that your prediction (11K in this week) is correct, that would be quite nice.

It would be kind of hard now for bitcoin to be replaced by any technology, it would have been easy at the early stage before bitcoin technology became this popular, and if you can see that it has gone beyond just individual and it is already creeping  into the government system, and anything that is beginning to involve government would be difficult to be replaced which is why we are still finding it very difficult for bitcoin to really go high as much as it ought to have gone because the government are still holding on tight to that fiat that they have been used to for year and which they have full control over.

If bitcoin is still facing it hard with them, then no matter how good the new technology is, it may really not get that recognition enough to beat bitcoin.

I agree with you in that the relevance of Bitcoin has not diminished nor has the "brand" that it brings. How you concluded the most important attraction of Bitcoin to be its unstable price - is beyond me but maybe you can elaborate.

I think he means the volatility of bitcoin and the greed of people who only attract the idea of earning quick money, for example, I myself almost every day monitor price fluctuations on the https://neironix.io/ru/cryptocurrency/tron, and constantly try to find new altcoins there, for quick money.

There is no doubt about it. Bitcoin is really a dominant coin among other cryptocurrencies. Its price is never been disappointing us. Yes it fell but not to the point it became worthless. So if you gonna ask me, I will always prefer bitcoin to hold.

Well, the bitcoin market dominance keeps growing as many people are buying bitcoin more than the other cryptocurrencies.

Here is the current bitcoin market dominance as of today at 68.0% - Maybe the bitcoin market dominance would reach 75% to 80% by December 2019.

https://i.imgur.com/D6xHAj9.png  

Yes, most of the users are preferring to invest in Bitcoin especially, and there are few reasons behind the increasing dominance of Bitcoin over coinmarketcap.

1) Bitcoin is the first cryptocurrencies ever launched and still its creating values.
2) Bitcoin is the most trusted and most favorite coin among the crypto market.
3) Due to the first coin Bitcoin also known as Prime/ Master Currency among the crypto market, and most of all cryptocurrencies evaluated in BTC first.

Due to more interest in users into bitcoin, its dominance is increasing exponentially. And the main reason is people are aware of Bitcoin, they don't know other altcoins, and even not getting involved in other altcoins.

Well it currently sits at 67.7% according to: https://coinmarketcap.com

I wonder how the dominance might change in XRP get implemented on wide-scale fintech transactions including it Moneygram starts to pick up and also when Ethereum gets it upgrade. I still expect Bitcoin to reign supreme without challenge and without doubt but expect the dominance percentage to fall much lower than it is now.

I think that until the end of the year Bitcoin's dominance will rise over 71% and some altcoins will suffer a lot from this dominance so we could see Bitcoin at over 12k$ again. If Bitcoin somehow pulls a magical rising in dominance over 72% then altcoins are doomed for good as we will see major bloodbath o altcoins that some of them will never recover from it so stay sharp and don't go all in in altcoins.

Bitcoin dominance occupying the largest percentage of the market is an undeniable fact which is even stated clearly on CoinMarketCap in terms of market cap and market volumes. Bitcoin is the king of crypto and has become the emblem or totem for the entire crypto space. It is what the governments and big institutions look up to in order to make a general decision about the entire crypto space.

do you mean that the dominance of bitcoin will decrease when more altcoins are created? I do not think so. bitcoin will remain dominant in its position. because bitcoin is the number 1 pioneer in crypto. and other altcoins are only a complement to crypto resources. like a tree, Bitcoin is the Trunk. and altcoin is twigs and leaves. altcoin will not replace Bitcoin. and Bitcoin remains dominant.

It's very simple that Bitcoin is dominating on the crypto market so far because of having some basic reasons, I think we all know that Bitcoin is the pioneer of this platform and it's still a dependable coin for the other coin, I believe most of the coins are fully based on the Bitcoin, Still the crypto market price is run with the price of Bitcoin, it's highly valuable digital currency so far so people's love holding Bitcoin for making profit and in this way It's demand is also high but the supply is not much, this is why Bitcoin still has its own expected dominance in this platform.

Bitcoin still dominance on exchange market have stable price than altcoin, investor look interested with bitcoin investment than have use altcoin because with investing on bitcoin give big chance to get profit than investing with altcoin, altcoin price look down, hard to raise to higher price and always get lower. Still less dominance altcoin from bitcoin on market because bitcoin become best investment assets at the future.

in my opinion bitcoin will always be the dominant coin in the cryptocurrency market. because bitcoin is the main coin and the price of bitcoin has always been a reference for altcoin. bitcoin has the largest community and market capitalization. and all investors always make bitcoin the first coin to buy when entering the crypto market. so I'm sure bitcoin will always be the dominant coin and no coin can shift the position of bitcoin.

At this time, BTC Dominance has reached 67.7% on CMC. I am worried about altcoins. It seems that investors are scared, they lose confidence in altcoins. This is really bad. When do you think altcoin will have strong growth again?

This is just a warm-up for Bitcoin. Bitcoin is already dominating the market substantially and I can't imagine what will happen when Bitcoin reaches at least 100k dollars in the future.

The Bitcoin dominance is down to 67.5%, which is around one percent lower than what we had 24 hours back. And surprisingly it is not established altcoins such as Ethereum or Litecoin that is giving the biggest challenge to Bitcoin in its quest to dominate the cryptocurrency market. The coin which had the highest 24 hour price change (among the top 10) was Bitcoin Cash, which went up by 7%.

Both Ethereum and Litecoin have not managed to breach the major resistance levels. Ethereum is still trading at 0.0198 BTC per coin, while Litecoin is trading at 0.0063 BTC per coin. XRP is performing well, and has reached a price of 3222 Sat. Out of these three coins, only XRP has managed to move forward during the last 1-2 months. Others have all lost their value against BTC.

yes that's what happened but we don't know what will happen in the future, because with so many altcoins and even though the gap between bitcoin and altcoins is very far away but at least there are certain altcoins that have their own appeal like the advantages they have about faster transactions and cheap and this is also a concern if in the future there might be surprising changes to who or what coins will dominate the cryptocurrencies market

That domain has risen to 67.5% at present, we do not know if that percentage will increase or decrease, the most important from a global point of view is that the number of users and market capitalization increase.

For all enthusiasts in the world of cryptocurrencies, we have the dream of achieving wide and massive use in all sectors of society and in all nations, a highly probable scenario as the current trend is observed.

As we know that bitcoin has always been everyone's favorite investment, so it's no wonder that prices are far compared
to other coins. This is what makes bitcoin always dominant in the market, because holding bitcoin is the most profitable.
I personally make investments the share of capital that I have 50% I save in bitcoin and 50% I buy in altcoins that have
a large and fundamental volume good. So if we open the coinmarketcap website from the past until now bitcoin will always
be dominant.

The more altcoins are being created,  the more the chance for them to become on the top list in the coinmarketcap. Bitcoin do really accumulate most of the volume of crypto, and there's less for altcoin and if we will divide the volume alloted for altcoins, they need to become the best to have the most. In these case, since bitcoin is the only different crypto that is performing outside of the box, investors are bound to choose it, and altcoins being set aside.

I think what's important is quality over quantity, there's a lot of altcoins but only few of them are really legit that has a high potential to succeed in the future. Bitcoin's dominance will continue to increase because are seeing altcoins combine are weak compared to BTC.

However, it will not be the case all the time as we saw how btc drop its dominance rate in the past also, when ETH and other major altcoins will rise then maybe we will start seeing btc dominance will drop but it would be better if the total marketcap in overall will result to significant growth as well.
Reaching a trillion overall marketcap is possible, and maybe that time, we will see a progressive growth of altcoins.

Bitcoin does not only rely on domination, community and FOMO or current trends allow if bitcoin dominance goes down, bitcoin will remain at the top of crypto. Every condition has a gap, moreover we are talking about crypto volatility. As long as the positive signal is stronger than the negative signal, market dominance remains in bitcoin.

I think that if the cryptocurrency market develops, and we see the launch of coins such as Gram, Libra and the like, then Bitcoin's dominance will undoubtedly decline over time. However, I believe that the dominance of Bitcoin will increase the influx of new money into the industry. I am convinced that new investors mostly invest in bitcoin, because It is the first cryptocurrency that everyone will know about. Bitcoin has also recently shown that despite its high value, It can grow in value faster than other leading highly capitalized digital assets.

Bitcoin always dominance in coinmarketcap because almost investor just looking with bitcoin as investment than altcoin, they have big interested with investing on bitcoin than altcoin. Bitcoin can give higher chance profit than altcoin although every day with several percent for earning profit with bitcoin investing, with altcoin maybe waiting for long time to get profit and big risk when altcoin price down.

How do you say that they move to other coin? As I observe, when the bitcoin increase, the altcoin decreases too. Because the investor not go through the other coin because some of their move their money to stable coin.

So are you saying Bitcoin will reign with well over 50% of the market for the foreseeable future? I would not bet against that myself because its dominance is the driving factor behind people investing in most other crypto too.

We know there are crypto out there that are more usable technically than Bitcoin such as XRP and ETH but Bitcoin has the brand and community behind it. Surely if it was just about functionality Bitcoin would struggle to be anywhere near the top.

There is a difference between these centralized coins and a decentralize coin like bitcoin, if you look at libra and their plans to unveil the currency they are planning for a stable currency and we will see whether the authorities will allow them to release that to start thinking about it will dominate the world  :P and Gram is also going through these regulatory issues.

There is a difference people trusting bitcoin just because they are the first coin majority of the coins in the market are just replica of the bitcoin source code with minor changes.

It is now sitting at over 67% dominance.

How it effects the competitors in the market is up for debate but do you think its dominance is negatively affecting other crypto prices and growth?

We can see that as of now, I am not sure if bitcoin was the first cryptocurrency but it is simplified that bitcoin dominated every other altcoin in terms of price and volume, maybe because it is the most used cryptocurrency, it is using in every different way, in terms of paying bitcoin is being used, also in online gambling it is being used as money or bet, in investing it is being used for you to be able to support particular project they do not need your fiat but they are only accepting bitcoin as an investment. I can simply say that bitcoin is for universal use as it is being recognized all around the world, I have read also some news that in other countries they have ATM machines that is bitcoin based meaning if you want to buy some bitcoin you can do it physically you dont need some internet. This is actually good. Bitcoin is becoming famous as time goes by.

I agree with you that so far it seems nothing can replace Bitcoin but you did not answer the question in the OP regarding dominance.

In your opinion what sort of dominance percentage should Bitcoin have which keeps it clearly at the top reigning supreme but would allow for others such as ETH, XRP, LTC and others to have their own growth and increase their own percentages?

I agree with your opinion that bitcoin always dominates the market. I think it's all because Bitcoin is still a favorite coin that can benefit investors. maybe investors assume that bitcoin has a more beautiful future than altcoin. and maybe also investors assume that altcoin is a lot of rubbish, so they will prioritize choosing bitcoin over altcoin, because surely they assume that holding altcoin carries a greater risk than bitcoin.

I could not agree with you more, crypto is over-hyped and to a point so is blockchain technology but they can be utilised and maximised for individuals and projects for their own agenda and goals.

As far as you keeping an open mind about a competitor maybe dethroning Bitcoin in the near future, do you see any existing crypto that might make that leap or do you think a new one will be created which might take over?

Bitcoin never have competitor for take dominance in coinmarketcap, how ever thousand altcoin listed in exchange and coinmarketcap bitcoin still dominance on coinmarket cap because bitcoin is the main of altcoin, almost altcoin depend with bitcoin and dominance bitcoin never can stop by any altcoin, bitcoin still dominance today with percentage more than 67% and will be higher again every time.

The dominance will increase more as the price continues to increase. It will always dominate when the percentage decreases or increases because it's the first crypto currency and always the first coin most newbie always learn of.

I think there won't be another crypto currency in the future (2020-2030) weighing EVEN 40% (or less) of total market cap, it is also very unlikely. in my opinion the currencies that are going to dominate, are the ones that have acquired the highest adoption rates, most developers, most followers, users, members, contributors and etc. And we know Bitcoin is king of them and it would be treated as gold compared to other cryptocurrencies.

Bitcoin has the largest market cap and even though I don’t see it growing as quickly percentage-wise as some of the others, it’s grown so much that I expect it to remain dominant. maybe short-term it is bad for altcoins but long term it is good. The more dominant bitcoin is, the higher it's purchase power is. It also suggests that we are in an uptrend, then eventually investors will want to buy altcoins because their bitcoin will have huge purchase power.

Bitcoin is still the most potential coin in the market inspite of lot of developed altcoins.It attracts more investors which boost the prices and volume of bitcoin and make it top the charts on coinmarketcap.The dominance will increase with passage of time and adoption at global level making market cap more higher.

I'm expecting Bitcoin dominance to reach 80% perhaps 90% and stay there for all 2020. After that we will have a clear picture of surviving and abandoned altcoins.
I'm just hoping coinmarketcap removes at least 2 thousand of them.

Do you see its dominance falling to 40% at any time soon?

What I noticed during the past month where Bitcoin went from above $7000 to around $10,000 was that other crypto was not rising and falling the same way Bitcoin does percentage-wise.

It is Bitcoin that carries the whole market and at time of writing it has over 67% dominance with no sign of it going lower.

There was a time that Bitcoin’s dominance had fallen years ago but now it has risen again to 67 percent which is not that surprising really considering that it is the usual market movement in cryptocurrency. Before the birth of ethereum I think the Bitcoin dominance is around 90 percent if I remember correctly.

Since you mentioned previous mistakes by Coinmarketcap I started thinking about the fake data that is sent to them by exchanges.

Until recently p2pb2b claimed to be the biggest exchange in the world and sent fake trading data volumes of over $1.1 billion to Coinmarketcap so that must have contributed to the current +67% Bitcoin market dominance.

I guess the dominance percentages cannot be taken at face value.

As they say, bitcoin is the king of the cryptocurrency world. thus, I think the bitcoin market dominance should be somewhere around 30-35% of the cryptocurrency market dominance to give the altcoins a room to grow in the future. But for bitcoin market dominance to reach over 60% that's overkill.

Bitcoin dominance in the market is keeping its decisive condition now. It is around 8 times bigger than its closes rival Ethereum. It seems that Bitcoin will continue to dominate the market for a long time.

You wrote that sentence twice?

Bitcoin always dominance in coinmarket cap because bitcoin is the king of cryptocurrency, must on the top and dominance on coinmarket cap for bitcoin, have higher price than other coin make bitcoin completely must on the top place at CMC. Bitcoin price always dominance with higher and lower price and altcoin difficult for back to higher after down.

What are your views about the percentage of dominance Bitcoin could or should have in order to comfortably remain at the top of the list while at the same time allowing crypto space to grow? It currently stands at around 67% which means around 33% constitutes of the other crypto.

Do you think that is sustainable?

Then it will need a marketcap of over $200bln to achieve that presently. But I don't think a dominance of 80-90% would happen because there are also other altcoins with potentials that would want to also maintain their own dominance too.
And don't hope for CMC to remove 2000 altcoins from the market list without any reason.

I never knew BTC dominance ever fell that low and ETH was ever that close behind it. Ethereum will increase in its price and capital even though others are offering smart contracts too and it seems as time went by BCH started to devalue and Bitcoin just rocketed in its dominance.

it will only decrease to help the altcoins to grow because with the current rate of BTC

Today the dominance of Bitcoin in the market is 61.1%, it has dropped 0.9% according to when this thread was created a few months ago. Perhaps it is due to the growing market of the DeFis but it does not stop surprising us to see the great support that Bitcoin has in the market. Bitcoin for Bitcoiners is a range of possibilities despite its volatility.

Market capitalization is based on the price and circulating supply of the coins, and it is not dependent on the data from any exchange. You can argue that p2pb2b was rigging the trade volumes. But it has no impact on the circulating supply, or on the market capitalization of the Bitcoin. It is not possible to change the circulating supply (unless there is a hard fork). On the other hand, if the prices were rigged, then you can argue that the data is wrong. But as of now, there is no evidence for the same (and it is almost impossible to manipulate the price).

I think many will concur that Bitcoin won't change in movement with its strength regardless of whether some Altcoin will come nearer to it, I truly imagine that this can not be a subject any longer it is pretty clear that it won't transform anything other than I surmise there is a particular thing for other altcoins that is for a change and different dealers do cherish the instability in it and an agreeable modest cost from every other coin, So as I would see it regardless of whether Bitcoin takes the middle stage in the Coinmarketcap Altcoins will sure have a spot for merchants and speculators the same regardless of whether they didn't wind up in the top.