Bitcoin Forum

When Ryan Selkis, founder of Messari.io, tweeted the following:

"Nobody outside of "full-time" crypto cares about anything other than BTC.

ETH, XRP, BCH, LTC, EOS are bigger than the rest of the market combined, and BTC is bigger than everything else combined.

This video goes a little bit into deep on that:

https://www.youtube.com/watch?v=AleTHYBRzrA&feature=youtu.be



What are your thoughts and/or opinions?

We are observing this from Beginning even from when I joined, Bitcoin always has lead value in cryptocurrency. That's called popularity in USA very low percent people didn't hear about Bitcoin and only Ethereum has over 10 percent. I don't invest in any coin where I have no interest and even I don't ever hear.

That's what I am investing with crypto compared to the stocks in the market because crypto has a great potential and more room to grow.
Imagine if there is a crisis in the world and people who have idea about crypto they know what to do, so crypto is a good invention as we can hedge our money when there is an economic collapse, for example Venezuela with their hyper inflation.

I would agree, it we all look at the dominance of bitcoin, it is still over 60%.Which indicates that investors/traders are into bitcoin no matter what cycles we have: bearish or bullish.

And we all know that all Altcoins is being paired with BTC, so that's another sign that everybody cares about BTC because it is the lifeblood of the market.

The market cap of bitcoin is incomparable to any altcoin there. Next is Ethereum but even if we combine all of those alts market cap that were mentioned, they are still no match for bitcoin.
Bitcoin is widely accepted and it's the most in demand crypto so it's the biggest of them all.

Just got a little bit surprising about that caused by it's just a common thing that everyone in crypto space very well known about that. Look at the market dominance of bitcoin and that's more than enough to say if bitcoin is much better than the combination of all cryptos that available in the market. Just wanna say if it's a little bit too late to say about that.
I believe if what he means about that is based on Mcap valuation. 63% vs 37% and which is bigger? Bitcoin vs the whole of altcoin. Everyone will always say of bitcoin ruler the crypto market anytime.

We are not yet even getting global adoption and we are just about to get started.  8)

Therefore, bitcoin will be a major factor in the capitalist cryptocurrency, the market is quite large and even different from altcoin below, it indicates that bitcoin has been invested a lot in a long time and of course they believe in the profits that have doubled in this significant time.
Bitcoin is unmatched in the crypto market but people will consider Bitcoin a future coin of great value.

Bitcoin is the first digital asset ever created and most investors are concern with its price. Imagine if its price started to crumble and go down? How will the market survive in a bearish sentiment? Ive been doing crypto for a long time and as far as I can see btc is the only one that ever progress or leap far in terms of development. Altcoins are also improving its just that investors and traders keep supporting btc no matter what the market scenario it is.

Yes he is right, if you are going to look for the market capitalization and the bitcoin dominance then bitcoin is still top even if all the other currencies will be put together. But with this statement "Nobody outside of "full-time" crypto cares about anything other than BTC.", I completely disagree with it as you can see that other currencies are doing well because there are demands and investors are putting their money to it aside from bitcoin.

And there is still a possibility that other currencies will overtake bitcoin someday especially that there are plenty of disadvantages of bitcoin right now especially it's transaction time and fees.

Its not like before anymore, many coins are on people's lips now, ripple, Ethereum and bitcoin cash are popular as well but bitcoin is still the king of value in crypto space, no coin is going to achieve what bitcoin have achieved so far

I think those tweets were very make sense and what cryptocurrency would be without bitcoin and most of crypto users very concern to see bitcoin development more than altcoins and if the price of bitcoin increase rapidly then people will be talking about it and dare to invest more to bitcoin only with very excited so i will very agree with him says that bitcoin is bigger than every current altcoin and will always be remain just like that

one thing that I think about is that he realizes that bitcoin is better than all altcoin. I also think that, however, I think that using altcoin can make the bitcoin that we have to grow. in addition, some people who own altcoin aim to use their altcoins to increase the amount of bitcoin, for example, such as holding ethereum to the price of 0.05 bitcoin.

So what is the point of this discussion? We all know how bigger BTC markets are and how other altcoins are doing. Moreover, altcoins are getting their value only because of BTC.

Altcoins will never get chances to beat BTC market by any means because altcoins may come and go whereas bitcoin is strongly staying for last 10 years and growing slowly which is the thing is completely missing out in most of the altcoins. I mean to say there is no use-case for most of the altcoins, they are simply getting their value from speculative investors.

Bitcoin is the first and its more trusted coin than others, better community support and that's why it has the highest trading volume, the best coin is still Bitcoin and it will remain so for long time to come, its usefulness is like no other and traders like me use only BTC/USDT pair only, so why won't people keep talking about the best coin?

Of course he is right. The only people other than project founders and speculators who follow alts are just those who do not understand crypto full time enough to know that Bitcoin is all that matters in the big picture. Everything else is an even bigger experiment than Bitcoin! This is the fact we have to accept.

My opinion is quite simple, that bitcoin is the main coin in the cryptoqurrency industry and has a high selling price. on the other hand bitcoin is also profitable for investment in the long and short term, or more precisely when the price of 1 BTC which peaked in the range of $ 20K in 2017, made most new investors interested in taking part in it, including investing in BTC.

We everyone know Bitcoin is the king of crypto market as it less volatile compared to other crypto also a safest investment in crypto market till date. At the same time altcoins are high volatile which is really worth for short term investment, well this is all the nature of crypto trading It cannot be compared with altcoins because of its high dominance in crypto sphere.

Right. Indeed, BTC is bigger than other crypto markets, because BTC is the parent of altcoin, and also BTC has a limited supply so prices tend to jack up on the crypto market.

Bitcoin controls the market, when it's dumping, the whole market falls too, if it's aggressively mooning, other market bows as traders join in FOMO. Its market is bigger than all the market combined. All projects that threatened to replace or displace bitcoin are all dead. When you want to introduce someone to crypto, tell them to buy bitcoin, they can learn alt-coin on their own.

That's true. Currently, BTC is the king.

By the way, what "full-time" crypto even means? Full-time trading, full-time shilling, or full-time developers? A lot of altcoin developers care about their system.

Crypto is a new "industry" that may be more unpredictable than you think. Let's wait and see what will happen with all the entertainment (dramas) provided in this space.

There are several reasons for this like in my country at least most of the people who heard blockchain and cryptocurrency think Bitcoin is the only currency in the crypto. And we look at the past only BTC exists at the top position since its inception and all other currencies have less history when compared to BTC. Still many of the fiat investments are getting into the BTC first rather than the Alts and BTC is considered as the large-cap currency with high liquidity so getting in and out of the BTC with huge volume is easy when compared to other coins.  

Well a lot of bitcoin has been used as a good investment in 2017 until now and the discussion about prices continues to roll, meaning that bitcoin is worth investing in whatever term you can afford it.
Altcoin is only a complement to trading bitcoin because if it has been traded to bitcoin then altcoin will follow it well and often many will look at it for short-term investments.

In this case is talking about the valuation of bitcoin compared with altcoin. It's a common thing and people have already put some of their money to the bitcoin. Bitcoin is a mandatory investment for us in the crypto.

If you go with the market cap, then Bitcoin is almost 3 times bigger than all the altcoins combined (here I have added Bitcoin forks such as BCH and BSV to the market cap of Bitcoin and have excluded the stablecoins). And it is not surprising, given the fact that the exchange rates of these altcoins remain mostly dependent on that of Bitcoin. Very few of them have an independent existence.

Dominance is very important but the reason why people here invest into altcoins is not because they think it will get worldly famous like maybe one day bitcoin could, it is mainly because people think bitcoin could go up only so much and altcoins have a bigger ceiling. Just to give an example, ethereum could do 10x right now and become over 2 thousand dollars, or it could simply do 5x and make it to over 1 thousand dollars, these are quite valuable and doable increases, whereas bitcoin has to be over 50 thousand dollars if it goes 5x, and not many people think that is possible that quickly.

So, to people who are not really deep into crypto, yes bitcoin is the only one, but to people who are around here all the time, altcoins have a bigger ceiling for high price.

Technically, Bitcoin is still at its stage of being a baby. The maturity of the market is not enough. It has a big room for improvement. Bitcoin is the most promising cryptocurrency of all time. Bitcoin can also win against stock market investments. As a new platform to the market, Bitcoin did a great job of raising its value from the original that made it to the spot. It is no surprise that the popularity of Bitcoin is high enough. Other coins really are considered as altcoins. As the term, alt- (alternative) coin - (coin) it only means that those coins are made to be alternative. But the Bitcoin will keep its spot as the primary coin.

No, it wasn't always like that. In January 2018, bitcoin had a market dominance of only 37.5%. And the highest values of bitcoin's dominance were in 2016, when it reached 99%. But at that time there was a very small number of altcoins.

https://i.ibb.co/4ThhSDM/3.jpg (https://ibb.co/ncxx1Vf)

As we see on the chart, the situation can change very quickly. I think it is quite clear that the bear market is when Bitcoin's dominance is rising and the bull run is when its dominance is falling.
At the moment, we can say that we have stabilization, but it is still unknown if this is the end of Bitcoin's domination.
I think we still need a few more weeks to make sure it's the end of price drops and price manipulation by whales. However, we can definitely say that the situation looks much more positive than last year.

Absolutely yes, It is pretty sure that Bitcoin is king of the whole market, and majority of cryptocurrencies are just the followers especially Ethereum. In fact, it is true that some of coins are really profitable especially when you have an acceptable knowledge in trading field, because without it you will be definitely disappointed, people here are so hasty , they just want to get a lot of money with 0 effort and knowledge, and it does not going to happen to be honest.
If you want to secure your money  then you need to invest in Bitcoin and Ethereum.

Bitcoin is like a gateway drug, and like real drugs there will be some users that stay with it, dip their toes in some other coins in a moderate way, go full fledged heroin junkie addict with the tons of shitcoins that promise the best high ever, or leave to never try any every again.

So yeah, BTC being top doesn't mean there isn't a robust market for the others. There's room for the boom.

It's old news bro, it's always been like that even in the deepest of the last 2017 bull run.
BTC is the king & will remain that way for long long time to come.
I personally hate BTC for doing this, it's just killing the rest of the crypto market & make other good projects that solve real life issues doomed to failure & unnoticeable.  Sad but True.

After the fall of ethereum, the dominance of bitcoin markets in crypto world is really bigger than any other market where no such single asset is contributing all the share of marketcap. There will be no wonder on seeing why bitcoin is this much bigger than any other coin in crypto markets still being such a big thing in market may enforce new investors to think about distribution of their risk factor.

Usually stock investors do follow diversification principles which means even any asset will be disappointing them, some other asset will help them to reach their target. But, in cyrpto due to only one big thing, they cannot diversify like they usually do which may make them not to invest with full confident on cryptos.

Yah The dominance of Bitcoin is uncompared and it is very strong Crypto Currency compared to  others
And to remind you the thread also fit to bitcoin Discussion

Bitcoin really earned  it, not only because it is the first and solid decentralized blockchain but also owing to its uniqueness which has made  everyone to cherish it. People have come to understand how valuable bitcoin is thus going for it as never before which has lead to its high market value which of course keeps growing and it will remain like that for years to come. Although other coins like Eth are trying their best but yet not a match for the king of crypto.

Bitcoin is and will always remain to be the dominant crypto and king of cryptocurrency and that's the only reason the fluctuations in the value of bitcoin has it's effect throughout the crypto market. I don't think any other altcoins including ETH, Ripple or BCH will ever be able to replace Bitcoin and we have seen other altcoins as well growing at a rapid pace but they could not compete with bitcoin.

Simple, but it is true.

BTC is always considered as the most promising and trusted cryptocurrency that will always stand by itself to have a bigger ad bigger community again. Bitcoin may have a bigger fee, longer speed of transaction, high volatility, and other downsides. But, BTC still holds the most precious coin to hold, invest, and also trade. The value of BTC cannot be ignored. This is real and everybody trusts this coin.

No surprises there. Bitcoin started it all and people have the most confidence in it. Yes, the dominance is huge, but I don’t think it will keep dominating this much for long. I mean, it will keep dominating, but not always by this much. Right now, there are some other cool coins that have gotten many people’s attention. As the blockchain industry keeps developing, we might see a shift.

He is not far from the truth, I mean everyone will always go for what they believe in. To most people or rather a greater number of people in this crypto sphere values Bitcoin more than any other coin. Once there is a good movement in the market, Bitcoin takes the lead so who wouldn't want to hold a coin like that. Also, other altcoins mentioned are trying their best but not enough to make them the center of attention like Bitcoin. In my own opinion, I prefer holding bitcoin in a larger proportion and then other altcoins.

We may see a decline in bitcoin's dominance in the near future if the growth of the cryptocurrency market continues. This will happen because altcoins will show a greater price increase than bitcoin. But if the growth of bitcoin stops now, it will entail an even greater reduction in the cost of altcoins and the dominance will become even greater.

This year will be a year for altcoin holders, bitcoin will still be profitable but altcoins will have higher return of investment, I suggest you still hold bitcoin though because nothing can be guaranteed in crypto space

if we see the market capitalization of bitcoin (first place) and  Ethereum(second place), there is a difference of $160 billion. It's a very huge gap and not sure it will be filled in the near future. So BTC will be always in a dominating position. And no doubt of its number 1 place for the coming years.

Yes, bitcoin is the biggest than the other coins. Ethereum and the other altcoin is big in the altcoin side, but still, bitcoin is the biggest in cryptocurrency. Bitcoin, as the leader in the cryptocurrency, leads the crypto market, and altcoin follows bitcoin price moves. Although the altcoin increase, the increase will not pass with bitcoin price because the altcoin will always behind bitcoin moves. In the altcoin, many coins want to be the leader in the altcoin side, but now, ethereum will be the next after bitcoin.

When the whole market goes up, bitcoin has a limit where it can go because in the end the amount of money required to make it higher price gets bigger and bigger, which people realize could go to something that can go even higher.

Making bitcoin go from 20k to 22k is going to be 10% profit and requires insane amount of money whereas making ethereum go from 1000 dollars to 1100 dollars won't be all that expensive, that is why after a certain level people realize its wiser to put money into altcoins to make more profits. That eventually results with bitcoin dominance going down because the price of bitcoin may still go up a bit or stays the same but the altcoin prices suddenly start to skyrocket and that means they will worth more and dominance will fall.

Definitely. If it's not for bitcoin, these altcoins will not go up either because the pairs they have is with bitcoin so you can think what exactly can happen if there's no bitcoin.
We can say that there's another one to dominate it and be like the father of these cryptos which is the role of bitcoin today.

Facts are facts, and the market caps are undenieable... BTC is the strongest by far, but this do not mean that it will be like that forever, nothing lasts forever and sooner or later things change... but this might not even happen on the next decade... or maybe the susbtitute for BTC is already on the top 100?

Of course, all altcoins is an alternative to the Bitcoin blockchain, they competite with it or bring more use cases to the blockchain technology. But, is that really bad? I don´t think so, thanks to altcoins Bitcoin is pushed to be better than anytime before.  8)

Altcoin exist caused by the bitcoin source code and bitcoin is mother of crypto. The mother of crypto must have a big valuation compared with altcoin who already exist caused by bitcoin. Altcoin brings a more alternative way for us and it's also a good thing when it comes to the dapps.

So what if even all the combined markets of altcoins still lower than btc? Is there anything that brag this that might change the fact that they are all cryptocurrency? Even though btc is far from others, these projects are struggling to get closer but it doesnt necessary means btc is more dominant in terms of technology. Maybe in value it is, but look around you, not all investors only buying btc but other potential coins too such as eth and xrp.

 But people tend to go back to the "major coin" and that is Bitcoin. No matter how many coins investors are gladly to invest bitcoin will be the master of them all. It's because it already acquired amd achieved good reputation. There are some glitches but Bitcoin will always be on the top one. Countless times did the altcoins been compared with bitcoin with speculations that they'll gonna replace it but at the end of the day, Bitcoin will be the first choice of an investor.

Cryptocurrency is one of the most interesting inventions of mankind. And cryptocurrency has very much introduced into our life. And the most important coin of the entire crypto industry is Bitcoin, and with this coin you can monitor the entire situation on the crypto market. So while Bitcoin is alive, all other coins will develop and bring good profit.

The investor now has a very large choice in which cryptocurrency to invest. And the choice stops with bitcoin, because he often hears about it. But those investors who know more about the cryptocurrency market divide their investments between bitcoin and altcoins.

Bitcoin is the main thing that everyone knows about. Majority of people who get to know about cryptocurrency starts with Bitcoin, and as time goes on they will get to learn about other cryptocurrencies there is in the market. Bitcoin is the main coin I’m investing in, I don’t even take others much serious. If you check my portfolio, it’s like 80% of everything in Bitcoin and then the rest which is 20% is divided on Ethereum, Bitcoin Cash and Stellar. It used to be just BTC, ETH, and BCH till I got Stellar for free and then I decided to start investing a bit in it.

So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.

i am not so sure that BTC will remain bigger than the rest of crypto currency market, since there are projects that offer real value and i think that they are going to rise, so it will be hard for BTC to sit above 50% of crypto marketcap in a few years, maybe even sooner...

There is no doubt that bitcoin is leading the crypto market and all altcoins prices are only following the bitcoin price. And when it comes to their market cap, bitcoin is still on the top of it. No wonder that when people are asked about crypto, the first thing that comes in their mind is bitcoin. It's the lifeblood of crypto so without bitcoin, altcoins may consider as nothing.

It is obviously true that bitcoin is bigger that the rest of other cryptocurrencies in the market even you combine all of them, that is why more people have put a lot of focus and interest in bitcoin than altcoins. Most people also holds more bitcoin than altcoins because they receive much larger profit from it.

During the recent few days, there have been a noticeable drop in Bitcoin dominance. Now it stands at 61.7% (which represents a drop of almost 7% from the levels that we had in December 2019). And most surprisingly, Ethereum gained the maximum amount of market share during this time, despite the delays affecting the roll-out of Ethereum 2.0 and the poor health of the ICO market.

unfortunately there are still many traders who understand that the current price movement of bitcoin can provide a lot of profit and usually those who cannot get this opportunity are people who are hesitant to enter to buy bitcoin.

It could even higher than that. It isn't just about the price that many tend to lean at, consider how many payment systems are looking into it right now. It might not be able to "fully replace" every single payment system we got today like PayPal, but it will surely be over than that.
I can't say that alts are really paired with BTC fully though, although most of the alts follows the increase in price of Bitcoin.

The reason is that Bitcoin has already gone up considerably (by almost 250% during the last 9 months). A part of this bull run can be attributed to accumulation by whales, in anticipation of the block reward halving. In a few months from now, the block reward halving will occur, and no one is sure in which direction the prices will be moving after that.

indeed the article was true, even though the whole market merged and collected all the prices I thought they would never master and defeat BTC. BTC will remain the king of crypto until the amount in the market is exhausted later due to mining effects and other transactions.

your statement makes sense because when the whales have started to fall and want to take advantage of the opportunity to be able to profit from bitcoin they will take advantage of good moments such as halving will make bitcoin more difficult to obtain and the whale will make the price expensive.

The only way that could change is if the increase of bitcoin goes to a high level big enough that it can't go higher anymore and the money coming in continues so the money realizes it can't go any higher so moves to altcoins. That is literally what happened in 2017 for example, bitcoin went so high that people realized they can't make too much profit from it anymore so they sent their money to altcoins which all made all time high prices.

The only other possibility is the altcoins staying the same in dollar value whereas bitcoin drops 50%+ so that dominance would go down. The later is even more impossible because when bitcoin goes down, it goes down all the way, but when it goes up, it goes up together as well which makes it a bigger possibility.

It is no news anymore that bitcoin is the supreme token for crypto currency.

A price surge (increase or decrease) in bitcoin causes other token to increase de in price.

And for most altcoins traders, the altcoins are eventually converted to bitcoin pairs.

Bitcoin owns crypto currency

Right from time, the norm has always been bitcoin before others and it has always been Bitcoin dominating over others. If bitcoins could take over 50% dominance, which today, it's above 60%, it means that it is more valued and that others are just mere subordinates to it, which is why they are called altcoins.

It is undeniable that Bitcoin is the main target for investment. Moreover, Bitcoin also first appeared before the birth of Altcoin, and BTC also has a limited supply so that people have great potential in making satisfactory profits.

As long as we don't support the btc forks, bitcoin will be more successful due to its limited supply, and since it's the oldest coin in the market if I am not mistaken, we can expect that more and more bitcoins will be lost in circulation over time and that would make the value to rise even more as the demand will surely increase more as well.

Bitcoin is the main currency... altcoins are alternative currency, so you are right, without bitcoin there'll be no altcoins.

Many people do not even know any other crypto other than bitcoin. Bitcoin has reached a height and bridge the gap that no other altcoin can reach and that is the reason while the market capitalization of the bitcoin cannot be compared to other altcoin.