Bitcoin Forum

I've been following Bitcoin's market dominance for a while now. And before the current bullish trend, it used to decrease as the market was growing. I even noticed the correlation between the prices going up and the dominance going down and vice versa. Take a look at this interesting chart: https://coinmarketcap.com/charts/#dominance-percentage. Specifically, at what happened at the end of 2017. Bitcoin's price sky-rocketed, but so did the prices of altcoins. They were kind of fueling each other and thriving. Bitcoin going up coincided with the market of cryptocurrencies expanding, and alts taking up a bigger and bigger part of it. BTC dominance went almost as low as 30% back then.
When the prices started going down, Bitcoin's dominance was growing. People were selling their cryptos a lot, but some of them were selling altcoins for Bitcoin, so it actually lost less than others. When the prices started to go up in April, I thought that 2017 would repeat itself with Bitcoin giving more space for other coins as the market recovers. Instead, what we see is Bitcoin recovering at the expense of altcoins with market dominance now being above 60%.
What do you think about this phenomenon? Is the time of altcoins over, or is it just temporary?

It is really high but according to my understanding it shows the strength of btc and probably indicates that market is going through btc bulls phase which was long awaited by most of the hodlers and seems like the rally will continue from here on.

Bitcoin is just eating off all the cryptos. People are so sure about bitcoin that they are not investing in any other crypto. Previously people used to buy when the price of bitcoin used to plummet but with the popularity of stablecoin, all of their bitcoin is being exchanged for stablecoins and back to bitcoin.

actually what you have been following has been the "altcoin market cap bloat" not bitcoin dominance otherwise you would have known that bitcoin dominance is more than 95%. but when you look at the bloat of the total market cap that is caused by altcoins and decide to call that "dominance" then that is a different story.
and it has been decreasing because a lot of altcoins are reaching their end of line and dying. so as they get dumped and disappaer their market cap disappears with them and the bloat shrinks hence increasing that percentage you were looking at.

49% it is normal for me, if below i start to worry about the BTC and the market in general, if the more 50% i starting to worry about the Alts.

Almost all of people are paying attention to the bitcoin after a bitcoin ETF already approved by US regulators. they are all taking altcoin as an alternative way when bitcoi's volatility is very low and doesn't enough to give them all profit. PnD for altcoin at this moment is a real thing dude.

This indeed is one of the reason for the bitcoin dominance.
But bitcoin is a speculative coin, it's limited in number hence a rare asset. Comparing bitcoin with other utility tokens would not be a fair judgement.
In the future bitcoin may or may not sustain it's price but utility tokens that have real use would always sustain.

Well, it's not me just calling it 'dominance', it's the term coinmarketcap.com uses, and I believe it makes sense. This is simply a share of market capitalization that Bitcoin takes from the "total" (I guess it's not total-total since not all of the altcoins are listed on coinmarketcap). And this share is currently above 60% and used to be below 40% at the end of 2017. I am not sure what you mean by bitcoin dominance being above 95%, and how this number is calculated. I am talking about objective data here, and an interesting difference I noticed. You are right that they are getting dumped, though, but I thought they'd be rising again, and they aren't.

Charts alone often are not enough to get a picture of the market, and this is one of those situations. In 2017 there was a big hype around blockchain technology, and altcoins were presenting themselves as a big part of it, so people were pumping their money into them because it felt like they are investing in the next big thing. Today the interest in blockchain is significantly lower, and Bitcoin is rising because of its halvening in 2020, and just recovers from an oversold bear market. Alts don't have anything big to justify a bull market, ICO's are viewed as scams, IEO is just rebranding of ICO, no one adopts altcoins for payments. If you have used BTC to buy altcoins this year, you're in a big loss already.

I don't think altcoins can keep up with the market of BTC anymore. I think the main reason is that the bear market is too long now. People prefer to sell altcoins to buy BTC. Investors lack confidence. But I also believe that altcoins will rise with BTC one day when the bull market comes.

Yes, I agree with you. I also think that the time of the altcoins simply has not come yet. The market is just beginning to recover, and (I believe in it) strong altcoins will still manifest themselves.

In my opinion this is a natural response from investors taking into account what happened in 2017, during that year altcoins grew in number and in their valuation but as we know most of those altcoins never reached their goals and just disappeared, this time around people are not taking any risks and are investing only in bitcoin which is the only coin that we know is going to keep on existing no matter what, so even if altcoins have grown in fiat they have not done so against bitcoin, I am not worried since it was my belief that the bitcoin dominance was too low and now we are closer to the reality of the market.

BTC influence is high and i ask myself if Bitcoin will fall, same will happen with all other altcoins?

I do not know why you are scared of increasing btc dominance, it simply indicates that new money as well as the money from other coins is flowing into btc at the moment so as long as it is increasing the overall market volume and cap we should be happy because eventually this money will flow to other coins as well personally i want the market volume to grow over 1 trillion mark as soon as possible.

From my trading experience, altcoins are bought and sold for converting to the Bitcoin. That's the reason behind money flow between Bitcoin, Ethereum and altcoins. Stable coins are not safe in my opinion and so many things will turn south if something bad happens on the Tether side.

The chart of how Bitcoin is increasing, developing, decreasing and then pumping show how this coin is very volatile. During the bear market, Btc is likley going to die. However, it can survive and make a big jump only in one month until now. The jumping market trend for bullrun is likely too fast and then it drops again. I think it is one of the ways of a market correction in order to set another price again. And of coruse, it really gives big impacts to all altcoins. Altcoins become very unstable, recently they are also dropping with a higher minus on red. But of course, they need BTC to be more stable in order to follow the increasing price stable.

I think of this as temporary. Check the date of 2017 where bitcoin has hit its all time high. The dominance for bitcoin wasn't so high as it was distributed to most altcoins. I don't consider it as 'dangerously high' because it's normal to see bitcoin's dominance go as high as we're thinking.

Is your portfolio consists mostly of altcoins? if you are too worried about that then you need to start increasing your portfolio with bitcoin again. But as everyone is thinking right now, we're all just waiting for that altcoin season.

It is what I've been reading almost everywhere. On social media, on altcoin discussions, everywhere as long as there are people who invested to altcoins.

Each person that's into altcoin is longing to see that season but whether we see it or not, the dominance of bitcoin will be always the highest. And alts will be pulled up by bitcoin if ever it goes to the peak again.

There is nothing dangerous about this, ALtcoins had their time in the limelight but they chose to abuse it, the reason why Bitcoin dominance is going up now is because of the many of these shitcoins are dieing and more will still die, the good ALtcoins will now have time to shine

Basically whenever Bitcoin dominate the market like what we are currently experiencing means a better days ahead and the possibility of the market gaining strength for a bull run. This dorminance Bitcoin will continue till there's a Major bull run before the end if 2019. Although the market still look favorable to altcoins even at Bitcoin dorminance.

I have seen a good prediction that told that Bitcoin needs to hit ATH price and then we can think about altcoins growth.
Because investors will not see much profit in BTC and will move from Bitcoin into altcoins.

And what is dangerous on Bitcoin´s dominance? People simply believe more in Bitcoin than in altcoins. Is something bad on it? It is not, but altcoin investors are loosing their patient and moving into BTC - another grow of BTC dominance.

This goes to prove that bitcoin is the king, it has really proven its worth by showing its huge dominance, it is the first point of attraction for anyone coming into crypto, so a lot of those that just heard about bull run are only interested in bitcoin and are buying, alts may rally eventually but that will happen when bitcoin has maintained a reasonably stable value value over a period of time

In 2017, this third quarter becomes the starting point for the crypto to go bullrun. However now, there is no exact prediction because the market can change so easily.
Bitcoin also has very big volatility. A week ago, Bitcoin significantly and suddenly could increase until $13k. But it only survived for one or two days. Then, it dropped drastically. Today price only hits stable at around $10k.
I think that the market is still dominated and we don't know what is playing around.

I don't think that investors are just looking at altcoins, of course they also see bitcoin. because until now crypto is growing steadily. although sometimes the growth is not as much as possible. but I am still so sure that the market will indeed continue to grow.

Trust in bitcoin is very high and as you say the dominance of bitcoin is clear and cannot blame them for the great trust in bitcoin. even though I was less enthusiastic but interested in bitcoin compared to altcoin remained still bigger. coupled with a new altcoin that is not good or many are scams. so the altcoin is eliminated even though there are still many good altcoins, but bitcoin is still the best and still the one sought by investors.

Let's just say things changed investors are counting there loses on altcoin during that grace period in 2017 so many lost the value for there money through altcoins now they want a safer coin that why the rush do bitcoin is much and making it get more value

actually this is actually a good condition, bitcoin rises and we can focus on profit bitcoin so there is still a chance for us to collect altcoins before they increase like bitcoin. we can focus on bitcoin then altcoin and take advantage without confusion.

The market is really high.
And we all know the reason for this.
This is only because of the growth in price of Bitcoin.
So as the trading volume of BTC increased,  so literally the price of each and every coin too increased.
Nevertheless lets wait and hope for the best.
Good luck to us.

This probably means less people are buying altcoins than bitcoin.

Question is why were more people buying altcoins back then than today?

The possible reasons are:

-- Super wealthy Whales are no longer buying lots of Altcoins

-- Most Altcoins are no longer easily accessible to buyers

-- The whales are only buying more bitcoin and few altcoins

The dominance of bitcoin is really very significant. He always came first. Altcoins season is not over yet and I know that they will show their growth. Just many of them have already experienced their hyip and now slowly begin to die. Because not every coin can be reborn again.

Sometimes, I also feel that the dominance of BTC really can beat many altcoins to down and then being shit coins. However, not all altcoins will get that impact into over. SOme altcoins that have promising market charts still have the chance to survive and develop although under the pressure of BTC dominance. We cannot stop the dominance from BTC. But, we can also see the promising altcoins that will survive during this decreasing market trend whether which will be over and which will be okay and survive.

Im still not so sure about what is happening in the market now. And it is absolutely true that the domination of bitcoin is stronger now. I don’t really sure when will alts recover but i hope it will be soon.

Indeed, the current dominance of bitcoin is too strong in the market with a dominance of more than 60%. I think, the market is not good if the dominance of bitcoin is above 60% because it will suppress the price of altcoin and also the development of new projects. I think, altseason will come and bring the dominance of bitcoin below 50%

Indeed, it is only natural that the dominance of bitcoin is very high lately, especially since the fantastic price changes in bitcoin
certainly make investors switch to buying bitcoin, so that the dominance is above 60% now, that is normal for me.

I have same opinion with you that dominance of Bitcoin is high.
This is will bad for altcoins. Because the rising of altcoins is when dominance of bitcoin is low.

It is not dangerously high, its not actually even a bad thing, I mean bitcoin could have the 90%+ of market all of its own, as long as the market is still stable there is no problem.

At best case that would make all other coins go up as well to match the dominance and make it at least 50% bitcoin and 50% others but at worst it will keep going up, not like bitcoin going down would be caused by market dominance since nobody cares about it when its going up so it would be for some other reason but in the end even if bitcoin goes down that would make the dominance go down as well. That is why market dominance of bitcoin does mean that bitcoin went up without all other coins going up but aside from that it means nothing and creates no sort of danger to us at all and we can just ignore it.

IMO the market dominance does't really matter as long the project delivers in long term, investors look at Bitcoin differently, a much superior assets compared to existing ones with high volatility. Many alts have different purpose and never would be as popular as bitcoin, if bitcoin moons insanely high of course people would sell their pairs to join the ride. Only good alts could co-exist with Bitcoin and grow together, thats why i hold both bitcoin and alts to avoid scenario where it bleed out all your potential gains

Many investors don't trust altcoins anymore because of the way it dipped in 2018. Many of these altcoins dipped by as much as 800% and are yet to recover. So why buy alts now?

Dangerously high? It is the most secure payment network on the planet, why do you call that dangerously high? What exactly is dangerous about having such a strong network that drives adoption because it builds trust among people around the globe?

I think this is a natural cycle when some or most people only focus on bitcoin and sell some of their altcoins to buy bitcoin, if bitcoin is stable maybe altcoin will move positively

The bitcoin dominance has been and will always be there on the crypto market, bitcoin is the original so people have invested in it for years before turning to the altcoins, what happend back in 2017 is that bitcoin got so popular people started fueling it and its price went up, and that gave the investors that this crypto market has potential to score big and so they started investing in the other coins other than bitcoin, until shit hit the roof and regulations came hard and the cryptomarket lost its high value, but bitcoin remained strong because it has a very large user base unlike the other coins.

As you mentioned, Bitcoin has been dominating the crypto world since like forever. It has been the best ever since and people trust it more than than any other coin. So people invest in it without hesitation. After the reduction in the price of Bitcoins people started buying and stalking it, knowing that it will have an increase in its price soon, and that is what is happening. With so much dominance, I think Alt coins are in a bit of trouble considering the fact that there are so many tokens/coins on one side and then there is only one Bitcoin on the other.

Today, the volatility of BTC is still seen. The BTC [rice is not only at that high rate. It is normal and still struggling at a stable price. However, I still hope that we can meet again BTC reaching at least $13k.
The market dominance of BTC has been seen this long time and probably will always dominate the market price. I also feel curious how the next market will be, still dominance fully or altcoins will have few chances for growing?

That is the risky way when someone choose an investing in altcoin. The movement price of altcoins are not depend on their development sometimes, but it is a pump from some user maybe the owner or developer itself. Different with bitcoin which has a difficult way to make pump or dump and also we don't know the owner itself. The movement price of bitcoin only depend on development or something that happened to it. So as most people will take a decision to sell and buy based on an information against it.

This is only temporary and Altcoin will definitely be back up. We have to be patient today because it is all focused to pump the Bitcoin price. Ethereum and all altcoins slowly start growing so it's time to invest. More has the Altcoin I think will generate many advantages.

I think its temporary because all market attention on bitcoin right now, if bitcoin dominance not more than 56 percent and marketcap still high i believe its will turn to altcoin session,,

BTC dominance rate has been at high range, and it will fall later. When dominance rate of bitcoin falls, altcoins will rise. So, let's think of it as simple as possible. Even when the rate rockets next days, it will fall back, and we have been at the end of bitcoin dominant phase. Soon, altcoins will rise.

The current situation of the altcoins is definitely temporary, if you also study the chat carefully, you will agree with me that the altcoins did not immediately increased the moment BTC increase, BTC usually have dominance for a while before altcoins starts having their own dominance, and when altcoins starts dominating, bitcoin tends to halt because it is the sideways of bitcoin that gives chances to most of the altcoins to dominate.

I am sure that very soon, once we get to a stage where bitcoin would start to consolidate, it is absolutely certain that altcoins that are still active will have a very powerful surge just like it happened before in the past, so it is too early to think altcoins are no longer going to increase or already having dominance issue. As you can see that the other top altcoins are having pre-dominance, they are the ones following bitcoin right now side by side, so altcoins are very much alive and open to high surge.

No asset can lose more than 100% of its value, maybe you meant 80%? But the rest of your comment is correct, most altcoins crashed even harder than bitcoin at the end of 2017 and many investors lost everything, it is possible that many of them never came back and those that did are probably not interested in investing in altcoins anymore, besides why do we need altcoins? Bitcoin alone could have allowed you to earn 300% in just a matter of months, I know that alts in theory can give more than that but the number of alts that outperformed bitcoin during the previous months is very small, so for an investor there is not really any reason to stop investing in bitcoin and move to alts.

It is really surprising to see the dominance of bitcoin growing and I began to wonder if alts will really grow as supposed.
The only thing I can deduce from here is that, altcoins will grow, but not all, until the dominance reduces.
The alts that will grow will only do that, because they are providing reasonable solutions through their products.

Which should actually be a good thing. If that happens, then alts without actual products and just feeds off of their supporters trust would have a hard time growing. We'll see less scams and projects with bogus promises. Though i doubt that's what will happen. As before, btc and alts are just under a phase. Eventually btc dominance will calm down and we'll see most altcoins recover and make a run themselves.

BTC dominance is certainly very high, but I don't think it's a bad sign. BTC often leads any market recovery, with alts taking over once BTC has stabilised or started a mini correction. Whether alts will take over again this time is not yet clear. I do think though that part of the alt surge in late 2017 was because of the huge success of ERC20 ICOs that year, which led to rapidly increasing ETH price, and this ETH surge could have been a major driver for the general alt surge, which I suppose might suggest that things will be different this time around and we might not see such a pronounced alt rise.

Shit coins will fall  no matter which proportion of Bitcoin dominance. Only good coins with strong team behind and successful projects can catch capital flows from investors, then can survive and grow over time. It is too far from the era of shit coins since late of 2017. Bitcoin dominance might prevent capital flow into altcoins in coming weeks or even a few months. However, finally investors will switch too altcoins later, certainly.

You are talking about the long term but when it comes to bullish season even the worthless projects will be looking so green but the face is they won't stay green for too long.

I think it is getting out of control, I mean at certain point it is understandable that bitcoin should have a high dominance but until how much?

Like we can understand why bitcoin dominance is not 10%, nobody expects that, it can totally be 50% or even maybe 55% but it is as high as 63% right now and that doesn't seem healthy, the more bitcoin dominance stays high the more coins that die as well because if all money goes to bitcoin then the rest will go to the other high ones in top 5 or top 10 but the 150th coin will keep losing its value constantly (150 is example only) so if we want the whole of crytpo world to continue living then we need the dominance to go down but not by bitcoin price going down but others going up, that way we can have healthy dominance once again.

If you like, check the data before the last bull period. Bitcoin dominance had gone to higher levels. Don't panic. It will gets its balance soon.

Bitcoin has been so dominant as the number 1 coin in the market.

It has retain its dominance of over 50% in the past few months, and that's the trend of the market now but we cannot conclude that altcoins will just become worthless and bitcoin will be the only coin left for trading, that is just temporary, and just like the past trend, when the bull run arrives, everything will change.

The thing is, we came from a big bull run where long FOMO has been happening, it was able to make bitcoin achieve its ATH in a short time and BTC was able to bring altcoins on its uptrend, people now are just more careful and although slowly they have put back their trust and confidence on bitcoin but they  are not touching altcoins yet but soon they will, that's for sure.

Bitcoin will continue to dominate. Most altcoins are dead and if you think about it, nobody really needs most of them. Which is why they are indeed dead. Don't know though, some of them might pump for no reason.

My opinion, we all can't own bitcoin. we know that as fact. the quantity is not much No matter how we manage to break it down to pieces. even the rich among us can get a sizable amount for themselves. for me, we need the altcoins to thrive in this crypto community. the altcoins are there to support bitcoin and to create the adoption that cryptocurrency needs.

we should Not condemn altcoins just like that. there are good ones and the bad ones but the current situation of the market is definitely killing the altcoins. from ethereum downwards. the Gap between bitcoin and altcoin is much.

It isn't just you alone. I have also observed it and I frankly think it is dangerously precarious. The dominance isn't healthy at all and this has perpetually kept the prices if altcoins down despite the bull run experienced with Bitcoin lately. Traders and investors still don't want to trust an investment with altcoins owing to that sad experience of 2018 where some of the altcoins ended up as scams. Nobody wants to invest in scam and shitty coins. They would rather invest in Bitcoin and this is keeping Bitcoin dominance on a steady rise.

same here you guys arent alone with that but i dont get you why consider it dangerous  ? we should be happy with it and its good for the crypto market if btc is dominating because this only means that cryptos such as btc are now becoming more popular plus when btc is exploding this do also help other coins to get out of thier comfort  zone  .  the dominance of btc does not mean that people are now only attracted to btc and they are staying away from tokens and altcoins  .

those who have no interest in the market and that development is the reason for the altcoin's death. bitcoin domination actually won't make altcoin die, if they have developments that can increase demand for their coins. even in down conditions they can actually make their own pumps.

I think the decline at that time was just a correction. for me the current phenomenon is enough to make me sure that there will be a large bullrun in the future, and this is a pretty good start to get started. Altcoin for me will never stop.

its a surprise but Personally i enjoy the increasing dominance of btc most probably because im a btc hodler and increasing dominance do mostly resultin increasing price as well,

Bitcoin dominance is high and it’s not only you I feel the same way.

No matter how strong an altcoin price or volume is; once bitcoin dips; it follows The downtrends
The dependency on bitcoin is huge and there’s no solution for it yet

But why do you think that a dominance at a certain number is good and a slightly higher dominance is bad? If coins begin to die because no one is investing in them then that is clear signal that those coins were not wanted or needed, that is how a free market works, if a business produces products of poor quality and a high price then that business will soon disappear as a more efficient business appears that produces better products at better prices, so if a group of altcoin developers wants to avoid that fate for their coin then they need to do a better job and give investors a reason to put their money in their coin.

Why do you say that, you do realize that at one point Ethereum almost took over Bitcoin as the number 1 cryptocurrency, despite all its flaws.

What happens when a true successor to Ethereum comes along, why would Bitcoin be able to return its position?

I think Libra might be the one to knock BTC off its pedestal, we will see.

This is just proof that Bitcoin should and must be your primary investment, I have it at 60% of all my portfolio and it's profitable enough for me, of course, altcoins are profitable but only a few of them can deliver the profit just like what Bitcoin is bringing to the table.

Bitcoin dominance has given huge profit to holders of bitcoin yet those who were not careful enough still fell victim of it's dump. They were FOMOed. Which then means that, no matter how good a coin might be, it will still dump. Therefore, the dominance of bitcoin will certainly reduce.

But I think this is a trap. Large investors are waiting for all the money to go to Bitcoins, and then they just transferred them to Altcoins, this scheme worked last year.

Bitcoin has always been a big dominance, but now the market capitalization is not very big, so people think that almost everyone invests only in BTC

BTC has been dominating from the first but after 2017, the dominance percentage was nearly 50%. From April 2019, the dominance % has increased to 63%. It is dangerous for the growth of crypto market especially altcoins market. Maximum coins are at the edge of destruction.

Which shows that there is a a little bit less speculation into other alts and more confidence in Bitcoin as the strongest currency.

it usually happens when the pump is only experienced by bitcoin and altcoin doesn't follow it. dominance still belongs to bitcoin and if it continues, it will be bad for altcoin. Bitcoin's popularity is undefeated if he experiences the next pump. and hopefully this time the altcoin follows where bitcoin goes.

Now the domination of Bitcoin is already very high and it grew almost without the appearance of a correction, and we all know that nothing can grow without the end. wait for the correction and at that moment the time of the altcoins will come

What I'm curious about is if btc could even survive without a proper alt market. It's not like btc's volume mostly comes from actual use -- nobody really uses btc to buy goods. There is of course btc trading for fiat, but I expect a large percentage of btc volume involves trading with alts. But when dominance is this high, alt volume goes down ... so eventually if alts get crushed into smithereens, and btc dominance goes crazy, who will be trading btc for alts anymore?

Make no mistake, alts need bitcoin but the same is not true for bitcoin, most people that invest in alts do not really believe in the promises of their developers, the only thing they want is for alts to grow faster than bitcoin so they can get more bitcoin in the process, if alts disappeared and all the money in the market was invested in bitcoin then we will be close to the all time high and you can be sure there will be an intense activity in all exchanges as people speculate how high the price will go this time.

But that's the thing, why should we assume all money currently invested in alts would magically go into btc instead? It seems like too many folks invest with money they really can't afford to lose, so if alts get crushed, why assume they'd take whatever is left and put it into btc? More likely they'd be at such a loss, they wouldn't have that much money to put into btc to begin with. And some may be so annoyed with crypto in general, they'd just avoid the markets entirely.

I agree that most folks use alts as a way to speculate in order to gain more btc. But if alts didn't exist, I wouldn't just automatically assume everyone would flock to btc.  I'd also be curious what btc's volume would look like once we remove exchange volume for alts... I certainly don't think it'd look like it is now.

Bitcoin is the king and King can live without alts. Altcoins Are going down and their money is being absorbed by Bitcoin and rest of the money is flushed into the real world. bitcoin dominance is high yet it was still a lot of to cover, I believe bitcoin is still gonna crush altcoins more and it's just halfway. bitcoin will soon gonna reach 20k $ mark and altcoins are still gonna rise don't lose your hopes. I know many people are moving toward better options but bitcoin is now too heavy to make bigger profits and altcoins are still young and light you can possibly make 2x or 3x or even higher if you invest in altcoins in the right time.

Bitcoin domination has fallen, that somehow help altcoins to move upwards recent days. It is hard to predict exactly where bitcoin will drop to and halt its falls, but I guess that bitcoin might have its serious correction this time, and might retest its support around $8000. Let's see how its correction occur next two weeks. Today, bitcoin domination fell to 64.5%.

With so many scams undergoing through Alt coin market, a low adaptation of Alt for payment, and other frauds, Bitcoin has been the one that has gain people’s trust. In near, 2020, Bitcoin’s price will surely skyrocket. Alt coins are not dead, but comparing them with a coin that is very limited in number, therefore, of a greater value seems a bit unfair according to me.

I do think that every thing that happens in this crypto market is temporary and I also believe that this one is the same thing. It is never a permanent case, though I have seen a lot of experts predicting since 2018 that if Bitcoin should pump this year, then most of the altcoins are going to die off. I don’t really know about that, no one is really sure about anything that happens in this market.

Maybe altcoins are not going to die off, but it is going to be something temporary and not a permanent thing. Altcoins dying off has been a normal thing in this market, there are lots of them joining the market and there are also lots of them that are dying off completely.

I do not like this problem too, because the dominance level is extremely high and it does not allow altcoins to grow. We already had such an issue, but it should go down within few months letting altcoins to grow normally.

I am sure it will regain its dominance back, and like you said, we are still in correction phase, it’s looking like bitcoin would not gain dominance again for now because I think this should still be the longest correction we have ever witnessed ever since bitcoin rose to $13800 and could not break further barriers.

I am not so sure that altcoins are even responding to bitcoin fall right now, most altcoins are still the same way they have always been, in fact has bitcoin falls in price, majority of them also falls in price, I don’t even know which direction they want to go, because some alts decline when bitcoin declines, while they still continue to decline when bitcoin increase, I am just waiting to see the effect of altcoins season on them when the time comes for alts to moon.

BTC dominance is 65%!
If you look at this graph: https://coinmarketcap.com/charts/#dominance-percentage BTC dominance could be even 85% before altcoin season! So do not panic and stay in altcoins if you already bought.  :'(

It will be bad for altcoin? But it will also be good for Bitcoin. It's important that the best currency wins and Bitcoin is the best in da house.

I think all of this is temporary because all we know that price of bitcoin and also altcoin is very unpredictable and fast moving. And I dont see any problem about this because it is all about your strategy. All of crypto are there is no consistent value,from the start we already knew that. According to my observation when bitcoin is in a good price,altcoin price will fall and I think that is normal scenario

Well,,, you must be glad that it is going down again right now,,, will take a while I think before it can climb up so high again. Many people think this is a good thing but me personally, I am happy if BTC is hitting a dominance equal to my proportion of coins (over 80% at any one time). I bet big on bitcoin:)

Yes, this is temporary situations for bitcoin to stay at the lower price because after this, we will see bitcoin will start to rally and who knows, the price can break higher price more than the high price before. We already have this experience before, and I don't think that there is something we need to worry because everything will be back to the higher price again. We need to be patient and don't panic if once again, bitcoin price down again because that means we have a chance to buy bitcoin again.

when the crypto market experienced a disaster at the end of 2017, the market dominance dropped dramatically, especially altcoin, then when the market started to rise again, people bought for the first time, bitcoin, because bitcoin is the most popular and trusted coin compared to any altcoin, so it's natural bitcoin dominance will be very high compared to altcoin

I think that this event is only temporary ... because the altcoin will rise again at the right time ... and I'm sure in the next few months the altcoin will return to a better price as we expected ... because currently the price of bitcoin isn't stable thus making the altcoin difficult to rise ...

In my opinion, the dominance of bitcoin is very strong at this time because of the strengthening of the price of bitcoin amid a decline in the total transactions on the cryptocurrency market. What happened in 2017 was different because the market cap value of cryptocurrency grew significantly and even exceeded $ 700 billion while the market cap value was now at $ 270 billion

Bitcoin dominance has always been high, but now, due to low alts prices, dominance has increased and I think it will be difficult to reduce it

Bitcoin for obvious reason is the number crypto in terms of price market capitalization. It is the go-to crypto-currency and has wider recognition among crypto enthusiast . For these and many more reason bitcoin dominance should not be difficult to account