Bitcoin Forum

Bitcoins Dominance Percent seemingly is going down. Any thoughts or comments are more than welcome.

When alts wake up this happens. They've been dead for the best part of two years. It's been far, far, far lower in the most feverish phases. I think it got down to 36-37% at one point.

The whole thing is based off market cap which is a metric that is pathetically easily gamed so it's not a meaningful figure in itself.

Somewhat off topic and i thank you both for the comments but is Ripple a scam or a legitimate coin? I always see them and I think Stellar it is doing these massive burn offs and sell off and Im just wondering whats up with that?

Most here will tell you it's a fucking joke. However almost everything else is a fucking joke too. If it makes you money and you get out in time then does that matter? No one can tell you whether that'll happen.

I'm astounded it has managed to keep its position for so long. I'm also astounded it ever managed to sneak into the crypto market in the first place when it has almost no resemblance to anything people would consider a proper cryptocurrency.

The most important thing is to be unemotional. Too many people get married to some piece of shit and go down with the ship. Others turn down shit that'll pump because it offends their sensibilities.

In the early years there weren't so many alts like they are now so it's dominance going down whenever there is a bull run and going up when there is a bear market is normal.
Basing on the recent movements, i would say it's going down and how further it will go will depend on how long we shall experience the bull run.
Below is a graph of Bitcoin dominance for the past 5 years. Take not of that massive deep during the 2017 rally.

https://i.imgur.com/Nyz6UtJ.png

Unlike 2017 there isn't anything resembling all that ICO shit where thousands of 'coins' were conjured up out of nothing and started pumping furiously. That would've accounted for a big chunk of that dominance loss.

No doubt it'll fall a long way. Maybe not as far as previously. Either way I'm not remotely arsed.

That is amazing XRP top 3 in marketcap as of now. Were alot of people buying in at its All Time High around $3 usd?

ATHs only last for a few minutes or seconds. When people bemoan not selling at such a price they usually forget that hardly anyone actually did.

I knew the 2017 bubble was over when a buddy of mine called me up and said he was going to buy $3 XRP. I told him to buy $200 Bitcoin in 2015 but it was too... expensive. When the dumbest money is keenest that's when you know the party is soon to stop.

What a ride, I don't think its quite over yet. None the less slowly but surely Bitcoin may get lower and lower in dominance only time will tell how this will effect the overall market.

A good bunch of alts have recently woke up on price so Bitcoin lost some dominance over the market but I wonder how much this altcoins are gonna pump as so far we see a nice injection of money into altcoins who had a bottom between October-November 2019 when a lot of accumulation was going on and now we see the reaction of that that could lead to higher prices...depends on Bitcoin if he regains that 10k$.

Many altcoins have appeared these past few years and because of that incident, bitcoin's value is getting lower and lower. It is true that if this continues in the next years, there will be a great chance that bitcoin will not be any longer dominant in the cryptoworld.

What percentage did you noticed that bitcoin dominance is going down? It could be that some alts, specially in the top ten have started to grow in the last couple of weeks. And as far as I can remember, bitcoin dominance is like 45%-47% during its peaked in 2017.

So I wouldn't mind seeing the dominance dwindling down as long as the price of bitcoin is going up, just saying.

Alts are still way behind, so this small drops is nothing to be worry about.

https://athcoinindex.com/

Maybe the altcoin market have some gains, but still they are a far cry from their all-time-high. And I don't think that it will bring harm to the market is altcoin market recovers and challenge bitcoin's dominance.

Meh. Don't really overthink the bitcoin dominance percentage. Don't forget that most of the prices of most altcoins are still heavily inflated simply due to the fact that most companies of these altcoins hold majority of the total supply(I'm looking at you, fidget spinner coin). Also, we're still far up compared to bitcoin's market dominance in 2017. While I think bitcoin's market dominance deserves 90%+, we're going to get there in time.

No, and in the foreseeable future, provided that no force majeure happens to Bitcoin, the dominance of Bitcoin will remain on the market. Right now, the dominance of bitcoin is 63.4%, despite the fact that I remember when this figure was about 40%, but history has put everyone in their place.

I think this will be far from reality. Now is 63% that's roughly 27% needed to be in 90% dominance which reminds me of 2017 bull run. If that's happened I can sense many altcoin will die out as 10% dominance will be consist majority of all top altcoins alone.


will keep what? higher or lower? Can't understand what you mean. Not really, some altcoin started to rise already. Check out Binance coin, it isn't down compared to other alts. For some projects with improvement bull run can be possible even the market is down depends on the demand of that altcoins.

This metrics only show the percentage of 'how many' Bitcoin trades are executed on the market compared to the whole volume. Simply put, it shows whether people are trading more Bitcoin or not. It doesn't really tell 'how well' Bitcoin is, and is only useful to find an entry point for the 'alts party'.

Don't be too concerned about the numbers.

No, I don't think Bitcoin dominance will go down, just now I saw in Coinmarketcap the dominance of Bitcoin still stands at 63%. And I see that has lasted a long time. Especially after Halving's moment, then I'm sure Bitcoin dominance will grow even more.

Its market value have shown a downtrend for the previous years but I doubt that its dominance is falling. For the past years the price of Bitcoin fell but same as with other cryptos' market value. From this, there is a parallelism with regards to the dominance, meaning, Bitcoin is still on top of other cryptos whilst the downfall of the market prices.
Numbers are more of a statistical proof but as what being said, the number of trades fell down but that is due to the circumstances. People did not choose to trade at times of downfall simply because they chose to hold at that point and to patiently wait for the uprise to occur.
This would only happen, referring to alts uprise, if ever Bitcoin will face a certain issue that would make its wide range of users, uninterested towards Bitcoin. So it would really seem to be constant, that Bitcoin will remain dominant, given that its reputation is still fine.

So how can we graphically tell the dominance of one coin against another?
Is it really just how coinmarketcap will tell it?

I don't think so.
Dominance is when you have real supporters out there. That is for me.
I don't think altcoins really have that.
Let us say they are being used and abused only. For what? For profit of course.
But that cheap coin then sell it when the good number comes. There is no sense into keeping it for a long time.
Emotions happens though. There are people who fell in love with what they see. Then what? They will keep on expecting more until the wise guy on the other side of the wall sells all his altcoin. You end up with nothing.

I am just waiting for my ROI or even a small profit then I will freaking sell it all without regrets.

I do not really understand what you mean by the dominance of bitcoin going down. If you mean it is not as popular as it was before then I think you may be right partially, probably because it is not gaining much-needed attention as it was in the media few years back and recently due to the twitter creating an emoji for bitcoin, it was trending on twitter. I think the hype is always initiated by the rise in price which in turn increases the bitcoin dominance. Even if bitcoin is not dominating, I still do not see any altcoin overtaking bitcoin in terms of dominance.

From 68% the bitcoin dominance is already sitting at 63% so it goes down a little as of the moment. I am not so sure if this was because of the bull run or because other investors who invest to altcoins are getting stronger.

As I look to the market in daily basis, I saw that many altcoins are also growing upon the increase of bitcoin price so I guess this is the reason why the bitcoin dominance goes down. Though it is not that big percent but still it gives a hope to altcoin holders/investors.

I can say that 2020 will be very much like 2017 for the crypto world.In a bullish trend,the bitcoin market cap goes down and the altcoin market cap goes up.This is pretty normal,we've seen it before.The crypto traders are optimistic about the future,so they are buying more risk,by buying more altcoins,hoping for bigger profit margins.This isn't "bitcoin dominance",because bitcoin isn't competing with the altcoins(despite what everyone says).It's more like a symbiotic relationship,rather than a competition.

I think bitcoin is still dominant when it comes to crypto currency because bitcoin is  still the most popular and still on the top of the market. When you ask other non-crypto people on what are their thoughts about crypto currency, the first thing they will remember is the bitcoin because it is most used name when it is being shown in the media.

Most of the reduction in Bitcoin dominance was not caused due to an increase in the altcoin share. Rather, it was the Bitcoin forks such as Bitcoin Cash and Bitcoin SV which did most of the damage. If you want to track the dominance, then you may check this thread:

https://bitcointalk.org/index.php?topic=5158368.0

IMO, what happened in 2017 is not going to repeat this time. Back then, the alts went up due to the hype surrounding the ICOs. As of now, the ICO market is in its deathbed, and Bitcoin has constantly maintained a market dominance of at least 60%.

The current Bitcoin dominance looks balanced to me and yes it's little bit down these days but I think it's a normal procedure and it's happening because of few altcoins which are performing quite good these days anyway this kind of situations are a part of cryptocurrency market hopefully we will see a decent growth in btc dominance this year.

I beg to disagree that Bitcoin dominance is going down. There may be relative changes to its value but it still looks balanced especially that there also shifts on trading today with diverse and numerous coins circulating in the market. Bitcoin and Altcoins have an inverse correlation, other coins drops as Bitcoin increases because people sell their old coins to Bitcoin. Alongside, Bitcoin increases, people consolidate into alts and the price of Ethereum rises. Nonetheless, when dominance is regarded, Bitcoin still has the most interest of the traders.

The idea is that they are thinking that there are other tokens or coins that are gonna beat bitcoin from its dominance. We all know that bitcoin is dominant in terms of value and volume, you can check it on the market or every exchanges. That is maybe because bitcoin is the primary coin that is being used into different platforms. When investing, buying or even using as payment method. Making it become a first of all the coins.
 That is why I dont think the dominance of bitcoin as of now is gonna beat by other altcoin just because of the increase of shares of any alternative coins. As we look on the market as of now, it is recovering and reaching ten thousand dollars and keep on rising.

Bitcoin dominance is the market share of Bitcoin in the cryptocurrency market. Simply, the formula for calculating it is:

Dominance = (Market share of Bitcoin) / (Market share of BTC + Market Share of altcoins)

It is a very simple formula and explains why the altcoin share goes down whenever the dominance of Bitcoin increases. But at the same time, it should be remembered that dominance has nothing to do with the exchange rates. From what I have seen, the exchange rates of altcoins go up, most of the times when that of Bitcoin increases.

like always bitcoin (real) dominance remains around 99% and that has not changed over the 11 years of its existence. the only thing that has been changing from time to time is the market cap ratio and that will always keep going down the more shitcoins they create that have enormous supplies because it is super easy to create fake market capitalization in an altcoin by creating a lot of it and then having a tiny price.

It went down, yes, but there are still a lot of people out there supporting it.

Despite this loss of Bitcoin's dominance for consecutive days, the price of it is still moving not disappointing its investors and users. It fell down, yes but as long as people are keeping on investing in it, keep on using it, I don't think that should be a problem. It is still the most expensive cryptocurrency in the market, and as long as it stays there, investors will keep on coming back.

having 62% in dominating market capitalization?i don't think it is appropriate to say that.
bitcoin is still dominating high the crypto world so nothing to be alarmed mate.

and besides 62% is truly high enough to prove the dominance not unless you all want to make it 80%?with too many altcoins around that is impossible for now to happen.

well your explanation is very reasonable because when halving it will be more difficult to get bitcoin while those who search and use bitcoin have a very high amount so it will have a good impact on the price at the exchange place that will soar because bitcoin is very valuable so people will always be looking for bitcoin and will use it for something that can provide benefits and make it easy to transact.

I read less than two weeks ago about BTC showing a strong rebound in Dominance Percentage (as the chart above showed for most of 2019), so what you are seeing is probably a small move in the other direction. Overall, there is not currently a real threat to Bitcoin's awesome dominance.

Bitcoin dominance will be 45%+ in the next year in my opinion. There are no projects to break it

If bitcoin dominance going down, that is normal, and I think that will only happen for temporary. Soon, bitcoin dominance will go up again, and that can have an impact on the price that can increase higher. If bitcoin dominance is down, then the altcoin will go up, and I think we will see the altcoin price will also increase too. We need to watch the market close so we can know what will happen with the bitcoin price.

lol that is actually High more than 60% of the total market capitalization are in Bitcoin so how come that you think this is going down?
of course it will sometimes up and Down because no way that it will consistently Up ,if that will happen then for sure the dominance percentage can take 100%?so what about the altcoin don't you want to give them a part of the market?and besides this is the highest Bitcoin dominance had 60% and up percent.

I don't see it going down in the future, at least not considerably. But to be perfectly honest, I also don't see it as a metric that holds any weight.
A rush to buy an altcoin can inflate the prices and create an artificial market capitalization that really doesn't hold any weight. Bitcoin's value lies in its long term reliability and proven use case. It continues to have the most robust network and will likely continue to be in thenumber one spot for purposes of real use cases other than just speculation. There's more value to that other than any market capitalization statistic.

I think this is a good move by the stellar project but I wonder since then, the coin has not made a real bull run because burning is suppose to grow a coins community at least. But lets see how all will play out after halving of bitcoin.

where is this argument being drawn from to make this comparison of todays bitcoin stance.

the same market cap that has manipulated numbers ::) I definately do not see this as a standard of measure for Bitcoin Dominance or use.

With that all being said, Ethereum as well is having a bullish trend with bitcoin and XRP, this could considerably a bull run I suppose. Furthermore, bitcoin halving is still not yet happening though, there is already a good market trend that we could see from CMC (Coin Market Cap). For me, this just means one thing, the idea of bitcoin dominance going down is actually false, as we what is really happening is that, it still relies on good position, but the other cryptocurrency is also gaining good market that is why it seems to affect bitcoin's dominance.

We all know today that the bitcoin is one of the best coin to make profit and a lot of income with just a single investment also the bitcoin is one of the most profitable coins but the path of that coin does not take easily because it came to the highest market price of a coin it goes into the start the price of it is just a single thousand dollar. Today we are seeing that the price goes up for over 14k dollars and this is profitable enough for us to make more earnings. From the previous year of the bitcoin, it shows a good market income and many people now starting some investments because they know the possibility of this coin to make profit to the future and now the prediction is true because came from falling from the previous year of the bitcoin now it is going upward again and gives a huge income to the people. The bitcoin is not now a going down instead of increasing with the support of other people and preparing for the huge market price again.

I never saw that btc fall down in every aspect I checked. When it comes to adoption, I believe that btc still got the most numerous adoptions thouugh it is in a slow pace but at least it continue to grow. Then when it comes to price, btc is still at the top; yeah I know that the current trend of btc at this moment is going dowm but c'mon it's normal so there's nothing to worry about. On that being said, I can see that btc is still dominating the cryptosphere and it ever will :).

Dominance doesn't matter if the assets lack liquidity.

There isn't a market to absorb all the shit, once people think the window of opportunity to increase their gainz is over and they all simultaneously head for the proverbial door.

Can you state an reliable sources or an open sources that really states that the percentage of dominance of the bitcoin is seemingly going down right now? Because I think the dominance of bitcoin right now is currently not going down and still going up in which we can see it that many people are still intact on the bitcoin and many bitcoin are getting good as always and dominance of it are seeing by the mass already.