Bitcoin Forum

We are having an unusual market as the market cap continue to slide, Bitcoin dominance on the increase- currently above 52 percent,this has resulted in huge drains on the altcoins, Ethereum for example slid below 300$, This is ruining the market. Is this the new trend in the market?

"Ruining the market" sounds like an overreaction.  Are you sure it isn't just ruining the bets you made on certain coins?  Perhaps these coins are just finding their true price and it wasn't as high as you thought it was.  Or maybe this is temporary and they will recover.  Such are the risks you take when you gamble on this stuff.  No one can tell you for sure what's going to happen.  It might be a new trend, or it might change again next week and the picture may look totally different.

Also, it sounds as though you're placing the blame on some non-sentient code.  Keep in mind that it's people making the markets move, not Bitcoin.  Blame the market participants if anything.

No, it's the big financial institutions that is playing and manipulating the market currently. They are pressuring people to sell, so they can buy up BTC for cheap. At some point, there will be a bull run. Might be next week, next month, or next year. This is a long term game.

Bitcoin isn't making the altcoins slide. The fact that most altcoins are scams or trash is what is making altcoins slide. Most altcoins don't even have a working product - they aren't worth a thousand dollars, let alone the millions or even billions some of them are valued at.

Read this first.^


And sometimes, market cap is just meant to ignored, and you're ought to focus on how to profit, even in a bearish market. Because one man's loss is another man's profit.(pretty sure I ripped off this saying)

Bitcoin isn't making the altcoins slide, true but the existence is. People obviously prefer bitcoin to altcoins, so when markets crash, they panic sell everything to bitcoin, "to be on the safer side".

I don't see bitcoin as being responsible for the low turnover on the market. Currently, it is not only the altcoins  that are falling, bitcoin has also suffered some dip in price.

things like this are very common in the crypto currency market, I am not surprised by the current market situation. when the price of bitcoin falls, the price of altcoin is now falling, but this is not the end I believe the price will increase again

If your portfolio is full of altcoins that will be your reaction.

Imagine someone says that bitcoin dominance in the market is ruining the market? Maybe you have to consider and start investing to bitcoin.

He only looks at the dominance and blame that the market for altcoins is dropping because of that.

that is not dominance and the "market" is not being ruined. it was ruined a long time ago when you were allowing centralized shitcoins to stay on top and be pumped while ignoring other real decentralized altcoins with decent developers team get pushed down and be forgotten.
coins like ETH are simply going back to their real values after coming out of their big bubbles. your problem is that instead of listening to the warnings you listened to the hype telling you it will be worth $2500 by the end of 2018 and held on to your bags while losing money. now you will continue to lose a lot more.
and none of this has anything to do with bitcoin.

The only true crypto currency is and will always be Bitcoin, what else did you expect mate? you can't have a bunch of shitcoin

With a high price and get to have a large profit from them while they are all shitcoins. in my opinion Bitcoin is still too weak

Compared to other coins and their market caps, it needs to have a much higher market dominance than it has now right now.

How many mineable coins do we have like Bitcoin with the same algo and mining industry as big as Bitcoin's? whenever you

Could find such a coin, you'll have them competing with Bitcoin. most of them are shit, so don't get too excited.

I don't think Bitcoin is the reason why cryptocurrency market is slowly falling. Every project has their own supporters and investors so blame it to them. It's not like the people owns every coin and just it once Bitcoin falls. Altcoins falling today just shows correction. It shows the true price of coins as of now. If you have faith in them, you should probably just hold even further and see if it will rise. Bull run is coming this September so you should probably look out for it.

Yes I think bitcoin always dominance cryptocurrency market so bitcoin not responsible about ruining crypto market. now cryptocurrency market value going down deeply but I think it's turn around in near future.

Lol what? It's the other way around. The altcoin market crashing is increasing Bitcoin market dominance (which is a useless metric anyway -- nothing more than a ratio of Bitcoin's market cap vs. total market cap). Bitcoin isn't doing shit, evidenced by the absence of a price surge.

This doesn't say anything other than that the altcoin market is underperforming severely compared to Bitcoin, which isn't doing very well either. This could suggest that people would rather dump alts than Bitcoin, which is a perfectly logical step.

A significant part of altcoyins are tokens and it is in them that there are working products. They really make our life easier in various branches of our economy. And what is the working product of bitcoin? In the market we need all kinds of crypto-alaite. Of course, a lot has been and will be useless coins and tokens. However, it is the business of the market to leave them or not. This is a natural selection and it should happen without our intervention.

This is normal, don't be afraid to buy bitcoin and other altcoins on the market, buy now and wait for the miracle to come to you in the next few months ;)

It can not be said that the price dominance of bitcoins is destroyed by the market. The market of the crypto currency is simply not mature, it is not free in price and so far it is only developing. Capitalization bitkoin sooner or later vseravno drop and the crypto currency will then develop freely. Everything has its time.

It creates markets, Don't be stupid about this, Without bitcoin and it's dominance over the whole cryptocurrencies there is no market, You don't go to exchanges asking for fiat in exchange of your altcoins, You go to exchanges asking for bitcoin.
Which one of the altcoins has fiat volume like bitcoin?

Bitcoin dominance — bitcoin's share of the total cryptocurrency market capitalization — has been in freefall in the second half of this month after hitting year-to-date highs.

Bitcoin dominates the crypto market because it has proven its reliability and viability throughout its existence. At the same time, I would not discount altcoins. Despite the fact that they have fallen in price substantially, altcoins are capable of much growth. The current situation in the crypto market reminds me of year 2000, when shares of innovative at that time IT companies also sharply fell in price. For example, Amazon shares in that year fell to $ 2, and now their value is about $ 1,500. I am sure that the crypto market will not collapse, and in 3-5 years the price of the BTC will be $ 100,000.

Both staments are true as people tend to overreact if the market suddenly crash, but long time users and enthusiast know that even in the highs and lows of any market what an individual need to do is to focus how to make a profit for him self other than sulking on the status of it.

Also for people who sells alcoins to bitcoin is very much understandable as bitcoin is already established and is much more trusted which can be compared to USD in the stock or forex market which is widely used for transactions.

if you look at the coinmarket capitalizations of crypto this is not a unusual market my friend
bitcoin will always dominate the marketcap because bitcoin is the king of crypto,,
and soon or later a lot of altcoins will be dead, only great alt with active development will be survive my friend

I disagree with this view. The dominant bitcoin is an important factor in market stability. Without Bitcoin, the entire cryptocurrency will disappear, otherwise the cryptocurrency will be zero. What really affects the development of cryptocurrencies is the abuse of ICO projects and the abuse of altcoins.

The term "Bitcoin dominance" is made possible participants in the market have enabled it. When the market gets hit, people sell their alts in exchange for Bitcoin. This further increases the dominance of BTC as people see it to be more stable than most others coins out there.

The same BTC dominance you feel is ruining the market is what alts feed on. When Bitcoin increases in price or enjoys a price surge like it did in 2017, altcoins benefit alongside. This is why most alts attained their ATHs 2017, it wasn't necessarily because of their fantastic, but because the market is very liquid and BTC was the driving force. Heck, even shitcoins were mooning too

We can't look at it as the destruction of the market, because the fact of domination in the market is very strong bitcoin against altcoin, we can not say anything, the reality as it is. If we want to see a good market we must make good on the market being bitcoin, then altcoin will be at the top of the market.

I used to discard as false the narrative about bad actors being behind the scene and manipulating the Bitcoin market but my position has since shifted. The performance of Bitcoin as the dominant coin has been terrible from the beginning of the year to now.

The fact is that if you take into account the past years, then the results of the price of ethereum in 2017 played a big role advertising cryptocurrency, and in particular Bitcoin. Perhaps the new realized What is the value of cryptocurrency, and which projects will have much better prospects and strong positions in the cryptocurrency market in relation to Bitcoin.

This is the wrong view.
The abuse of ICO and altcoin is the chief culprit in the sharp depreciation of cryptocurrencies. The government hates cryptocurrencies because the current cryptocurrency market is not futuristic. It is full of scammers, so the government will suppress the cryptocurrency market.

Bitcoin acts like the dollar in the crypto market, so if it collapses the whole markets will be affected. If someone wants to take advantage on the market they must destroy bitcoin first and the rest of the coins are collateral damage.

Lol, if there is no Bitcoin preserved cryptocurrency market has collapsed, Bitcoin is the only weather vane that can keep cryptocurrency prices stable. Bitcoin prices are linked to the entire cryptocurrency market, so you shouldn’t hate bitcoin, which is the most Good coin.

BTC is an integral component of the market. Altcoins - the differential component. And in general, and in a mathematical sense. Now, one without the other will not. Without altcoins, there will be no market and cryptocurrency industry. Without bitcoin, the market will be different, as there will be new leader.

I have seeing that happening and bitcoin is established forever dominant in the market.  If bitcoin is falling it do pull other coins along and vice-versa which is not good for the market.  Cryptocurrencies recovering is henging on bitcoin and if bitcoin recovered all of them are going to recover and if it falls all of them are going to fall.  No one can stand alone. However this is really affecting the market as we have other that are technologically better than bitcoin but there could not come up because of this dominance.

Why is it that some people are bent on blaming Bitcoin for every price dump, for me by now some projects should have started releasing a sound platform to the space, but what do we see, almost a deserted platform with absolutely no user, is it BTC that causes this. Another question I will ask you is if you prefer holding any other ALtcoins to Bitcoin

the main reason why they blame bitcoin is because they invested alot on it and their expectations were so high .  they only think about the profit , they only think about the pump but they dont consider the risk that surrounds on it  .  other reason that  i can think of is that they invested alot of thier capital in altcoins or any other cryptos and if they loose , they will put thier blame on bitcoin because bitcoin itself is the base of all cryptos  .   

however , the dominance of bitcoin is not bad but it is good actually since it can boost the value of all cryptocurrencies  .  this is just strange to accuse this one .

why should always be a bitcoin that is always blamed? I think bitcoin does dominate prices on the market, but I don't agree if bitcoin is always used as a source when something happens on the market

because bitcoin does affect market movements as the parent of all coins it does not mean blaming bitcoin, bitcoin has always been the benchmark for altcoins so the ups and downs will have an effect too.

Maybe because bitcoin is an altcoin ranking leader, so every step of bitcoin is always wrong, and if bitcoin is more valuable and reliable than most altcoins and actually it's not a trend but a market tradition with ups and downs.

Its everyone coin are priced in bitcoin
When bitcoin moves in usd all coins move in dollar
https://www.coingecko.com/en?view=all_time_high
If you look at individual coin against btc or eth, that is a different story altogtf

Actually low marketcap ruining the market, if there is no buyer market has to drop there is no any chance, btc ddominance is constant since few months generally it is 50-55 but marketcap is dropping continuously.

What is the meaning of "Ruining the market" ???

Bitcoin is the king of this market. Of course, the dominance will be high. This is not an unexpected thing. Bitcoin always has to be superior to everything.

I disagree.
I also think that many coins are better than Bitcoin at this stage, but there's nothing more predictable than BTC keeping its throne.
As long as you keep a good portion of your portfolio in BTC you wouldn't use strong words like "ruining the market". If you can't beat them - join them.

Really, why should some people think that Bitcoin can be the reason of the market problems? Its dominance does not affect the cryptocurrencies negatively. Vice versa, it even lets the other alts grow.

much worse than the "bitcoindominance" is the indexmafia, that controlls coinmarketcap,

it basically defines a pointless easified asymetric ranking, leading to those savages, insulting projects as "shitcoins"

indexmafia is mainly responsible for that.

Bitcoin has pushed various altcoins to grow and be valuable. I think bitcoin is the mother of all the coins that are on the market today. ICO grows with bitcoin and is very funny if someone says bitcoin is a destroyer

If there is no bitcoin then altcoin doesn't exist either, bitcoin grows then the altcoin grows. If it is observed that bitcoin grows well and has value, altcoin grows and must be valuable so it does not depend on bitcoin. It's better to look ahead well than to make bad assumptions about bitcoin.

I agree with you, we better focus on the future, of course we all hope that the future of crypto will be better. we don't need to make bad assumptions. be optimistic.

If it stays at around 50% then it's not a bad thing, it's when bitcoin goes on a mental bull run and takes up a higher level of dominance that we need to worry as the altcoins bleed out and not just the shitcoins

This tells us only about one thing: if the cryptocurrency is accepted, then only one bitcoin. Yes, and how dominance can be removed, the number did not work, then it is necessary quality.

Bitcoin deserve all the success it has gotten and it's market capital is a prove that bitcoin is the only coin in Cryptocurrency that is widely used and recognized! It is important that bitcoin remain successful so that it can pull up other Cryptocurrency!

yes this bitcoin movement became dominant and became a reference for all the cryptocurrency in the exchange, also because bitcoin is the most important coin of all existing cryptocurrency no one can beat bitcoin.

Bitcoin is the first coin cryptocurrency so as bitcoin has many investors. Even everyone who is new to cryptocurrency and they want to invest, they will choose bitcoin as the first choice and then choose altcoin. This is what causes when a price decline occurs they will sell bitcoin first and then sell the altcoin they have, but again depends on the conditions. Not all investors sell their altcoins when the price of bitcoin decreases, some of them will see the latest developments from their altcoin developers. Usually for altcoins who have new features or developments in their technology, the altcoin price will increase.

It seems to me that Bitcoin will lose its relevance gradually. Indeed, this coin has been a leader so far, because it was a pioneer in the cryptocurrency market and solely received the laurels for the entire popularization of the chain block. But since there are quite a few projects with coins in the cryptocurrency market, the relevance of Bitcoin will decrease.

Btc dominance is a big problem by the way!
I think there will be another situation and btc dominance will go down eventually! 52% is too much!

Why it's a big problem? do you understand what you are saying about it? 52% is too much? I don't think so, you will see on why is it that having a bigger bitcoin dominance will make the market healthier than it is today.

If you have too many altcoins, you have to hope for bitcoin's power so your alts are going to move properly on the positive side. If it wasn't for bitcoin, your alts are going to drop for sure. It's the one that saves your money so don't think its too much and a problem.