Bitcoin Forum

If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?

https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a

Well, Maybe Altcoin will have its chance but even a slight increase can be appreciated I am holding ETH and XRP as well so if this 2 coins might increase its price then it will be OK with me, but as you have said it will not going to surpassed Bitcoin whatever the edge they had but for a change I think this is OK as long as I got profit along the way, ETH may become $230 USD if this continues and XRP $0.35 USD or even the $0.36 USD can be a decent price, but regardless of what may happen I surely am open arms to it, Because whatever it is Bitcoin will surely increase and reach its ATH in the coming years.

when i write this post, bitcoin dominance now down to 67.5 % from 70% my friend
and thats make altcoin price grow in bitcoin terms buddy
so, if the dominance of bitcoin down more, i believe alt season will coming  ;)

Altcoin always has a chance to go back again and this scheme already happened wince altcoin itself was created. You can see this the latest rally that happened with ripple and ethereum were eating the bitcoin dominance and makes it below 70% again.
The altcoin has a lot of chance to eat even more dude and no doubt about that consider about altcoin has been doing it in 2017.

The possibility of Altcoin Overthrowing the current dominance of Bitcoin is not possible, traders and investors are no longer interested in altcoin.

It only feels like some of the whales are just trying to fake to altcoin bullrun to dump bits by bits inorder to accumulate BTC at the same time.


During those days I think BTC dominance was 40%.  The prices of some altcoins are increasing but the over all marketcap of cryptocurreny isn't rising. Its sticks to this range $266,704,082,842 - 270. That means there is no money coming into the market.

Even after all the dominance thing altcoin is in red today and no sign of any recovery in sight, i think i would stop expecting good market movement from altcoins for now, maybe after bitcoin halving next year altcoin season will return, i have no plan of making little profit for my holdings since i'm willing to hold for years

67% is still very high altcoins below the top 6 are just sharing not higher than 15% of the market shares, so I doubt if we are going to have an altcoin season this year, the best move is to just move your investment to the top coins in the market, altcoins that not in the top 10 is bleeding, more so in new coins in the market.

Altcoins rally is ready to launch, the only thing that we are waiting for is the reduction of BTC dominance and the problem is that nobody knows when it is going to happen. It may be on the 23rd after the Bakkt launch or even in 2020.

Rally on the altcoins will begin only when the price of bitcoin hits new all time high and this is the cycl of crypto currencies since everything started so dominance is not a matter here.

Well that usually what happens. If bitcoin dominance decreases, the alts are taking the chance and they are recovering from the massive ups that bitcoin did to them. The money that once flowed to bitcoin will start now coming in to altcoins.

That's pattern that least we can started. If dominance of bitcoin drops, alts value and price increases and if it rises, alts goes down. But it doesn't mean that every alt can do the same of recovery, some can't go up already as they were abandoned and totally out of their normal value.

that's right, completely agree, I think that as soon as major players begin to come to the crypto market, it is possible that the alts season will begin

It seems to me that the dominance of bitcoin broke the lower level down and now altcoins can very strongly jerk up , I think from the current position, you can buy many altcoins and in particular ethernet.

I think dominance will need to get below 60% before alts see any real movement. And closer to 50% or less if we are talking about a real altcoin season.

Still, it's not like 'altcoin' is a single coin and refers to every coin. We may see isolated coins have some nice spikes, regardless of where dominance is.

yes that's possible. as long as altcoins can withstand the pressure of bitcoin, they will be affected by the rally. bitcoin dominance reaches 70%, yes that is a scary thing. but as long as there isn't a fall I don't think that's too worrying.

Most experts and analysts are already predicting a sideways kind of market for rest of the year but personally i would want a moving market that can easily show its trend and recover to previous high marks so atleast i want to see the biggest coins move positively so we end the year on a bright note and hopefully next year will bring us life changing bullish moves.

BTC dominance is still way much, that aside, I think altcoin season is gradually creeping in. It usually starts by the market showing an uptrend with coins having big caps, then to the low caps.  ETH and some other altcoins really impressed me, I made some gains from ETH in particular. Hoping to see more rise for altcoins and also BTC should just maintain a sideways movement for now and not dump further.

With Btc dominance at 70%, it's unlikely for alts to have a rally alongside bitcoin but alts has been performing tremendously well of recent with Btc price stabilising a bit.

We know it is really for Altcoins to make a move while Bitcoin price is still at a low. But we can't disclose any possibility that it will surprise us in the future since knowing that fact that some Altcoins maintaining its momentum and keeps rallying just like we've seen on BNB. But because of Bitcoin's market dominance, it only has a thin chance for altcoins to soar high more than a thing that Bitcoin can do. Altcoins still relying on BTC performance and dictating the market trends.

However, altcoins are still in the struggles and causing some investors to become impatient and having some instances that they are selling the coins at cheap price leading into dumping more.

70% is too high a dominance for Bitcoin. It is good for Bitcoin HODLers but definitely bad for the altcoins fans. If Bitcoin's dominance will fall to the 60% level, that is still going to be high if we what we wanted to see are strong waves of green from the altcoins. Bitcoin will have to settle down to around 50% dominance for a great deal of altcoin recovery. Even then, only strong altcoins will make gains. The shitcoins will remain shitcoins despite the increase of altcoin percentage of the total market value.

The only altcoins that have a good chance are those on the top 10 for new coins in the market, I don't think it's going to happen, it's not yet the season for altcoins, they are sharing for the 13% shares of the market.
the best thing to do is to make the majority of your coins/tokens all in the top 10 coins in the market, make it 70 to 80%
of course, we have a desire to be one of the early bird of a new coin but it will be a very long wait if you have invested in a good new coin.

Of course, altcoins will still grow. But it will not grow mass. Over the past few months a lot of altcoins have grown from the bottom

The damage has been done already. Many of the altcoins have lost as much as 50% or 60% of their value against Bitcoin during the last four months and a slight recovery of 5% or 10% might not help them in the long term. A lot of the users are still holding on to these coins hoping for a future recovery. If there is no improvement in the situation for the next 3 to 6 months, then they will also sell their coins and this will crash the prices even further.

I think that altcoins can grow with a decrease of Bitcoin dominance. For example, Ethereum is now demonstrating this well with his growing, despite the fact that Bitcoin is even getting a little cheaper.

IMO. Old coins will need bitcoin's help to break the previous ATH they achieved during the alt season. New coins, on the other hand, have the potential to reach their ATH if btc doesn't fluctuate much.

BTW no one can take #1 position from btc lol

All we know that everything is possible here in crypto industry. In price positioning it is veryhard to tell and predict but I think time for altcoin will be came even bitcoin dominance is below 70%. All we see the battle of bitcoin and altcoin from the past few years here in crypto world.  So it is not impossible that they continue their battle in price position.

That's true and I think it is exciting to happen in the near future. The best thing to do right now if we have enough money to invest then better to invest with bitcoin and altcoins, but of course make sure to just invest in altcoins with a good potential which I think the top 10 altcoins.

I don't see %70 is too high for btc. During the ATH, it was over %80 and halving is close, so don't stuck on any altcoins. Maybe a mini rally like 5-7 days, but not expect much. Except we will live a story like binance(bnb coin) had, which i don't see it possible until halving.

Of course, every moment altcoin can increase. as it is now we know that the increase that occurs in some altcoins is precisely when bitcoin has a high dominance. we cannot fully guess the cryptocurrency market,we ourselves must be able to choose the right momentum when price movements occur

The market moves in cycles, everyone should know that by now.

High BTC dominance => Diversify in ALT's
Low BTC dominance => Go all in BTC.

Right now, the majority of the trading volume you see is wash trading. Even the bigger projects out there, is wash traded a LOT. Most investors is waiting for a confirmation of a market turn, which leaves the left of us alone.

A project like BlockNet isn't wash traded, but when you look at it as an investor, you'd be instantly turned off by the trading volume - When in reality, it's a great project with on-going development still.
Eventually the market is going to turn around, and those who bought low (now), will be rewarded hugely for doing so.

BTC is not a bad hold, it's the safest hold by far, but if you want to make the big money, you gotta consider the risk/reward scenario you're sitting in. ;)

Investor still focus for trading and investing their money in bitcoin and altcoin still lower dominance than bitcoin, when altcoin dominance than bitcoin? maybe after bitcoin keep stable price and investor back to altcoin.

It would still be hard to determine in my opinion, also, maybe we are just used of seeing Bitcoin on top of other cryptos which gives some people assumptions that Bitcoin would still be able to remain on its place despite of the downfall that it is having at this moment. One thing for sure is advisable, simply, to hold both bitcoin and altcoins. Actually, I did not let go of my alts even if some of its prices are close to zero. The reason is simple, the market is way unpredictable and just maybe, there would be a chance that those tokens that we thought of being dead, will soon rise? Who knows? Alts are quite having a good time, if you know what I mean. Holdstill!

There is always a opportunity. There are thousands of altcoins on the market and complying to BTC everytime is not possible.
Dozens of new coins enter the market every day, that will also increase the marketcap. The majority are in the hands of the BTC but there are still those who do not follow it and we can think that there are many.

If and only BTC dominance would drop to 45-55 percent, altcoins would have space to increase their prices. Right now, altcoin season seems very optimistic for the nearest future, we need to recover from failed Bakkt launch first.

Even though I'm extremely heavily invested in BTC, I don't think it's going to hold it's extremely high market dominance for ever either. In the event that BTC starts another major rally again, people are going to start looking into alts for investment in addition to or as an alternative to investing into BTC, and that could cause alts to gain market dominance once more. No matter what happens, though, I find it extremely unlikely that anything's going to take Bitcoin's spot as the #1 cryptocurrency anytime soon. It's the cryptocurrency the most people recognise and know, and there's reputability with Bitcoin for how long it's existed.

I agree, altcoin just follows BTC's trend, bitcoin already had a good impression that makes the investors prefer it over other currencies. if btc's price rose up, altcoins price might also be but it can never outgrow the latter.
            Bitcoin has been known in the crypto space for a long time and its dominance is undeniably not one to be outgrowed by altcoin. Whether altseason returns or not, the only point for consonance appears to be the idea that the current bull cycle could have profound ramifications for the still infant market and even if the bull cycle didn't happened, ooverthrowing BTC is still impossible. There is also another means by which to observe Bitcoin’s increasing dominance over altcoin species. This method requires using the BTC price as the baseline for measuring altcoin price-performance within a specific time period, and the results appear even more dire for altcoins, so again, no chance.

The Bitcoin dominance is now stable at around 67% to 68%. The next Bitcoin block reward halving is less than a year away, and sometime during the next few months, we will be witnessing a BTC bull run in expectation of the reward halving. And this is going to be bad news for the altcoins. As per my calculations, the next bull run is going to take Bitcoin dominance to somewhere around 85%, leaving only around 10% for the altcoins (excluding the Bitcoin forks and stablecoins). This means that the altcoins will go down not just against Bitcoin, but also against the fiat currencies such as the USD and Euro. For them, the future outlook is bleak.

This is very unlikely because altcoins don't seem to have a chance when we see Bakkt crash.  But maybe your holding the top altcoins in the rankings will probably be somewhat better.  I think the leaders of the big altcoins will think of good plans, creating new trends for the market.

very likely because if we look at the time when bitcoin still doesn't have much value, the owner of the highest rank is altcoin I forgot what altcoin was and at that time I saw bitcoin only ranked third, and if this will happen I think it's true what the article said that altcoin will take first place.

untill bitcoin see stability we cant see the growth of altcoins which are testing the bottom line once btc reach at least 80 percent dominance we can see growth of altcoins

You have a good point, but maybe even if the bitcoin will rank as 3rd, I think it will still never change that bitcoin still the mother of all coins of cryptocurrency. Although there is nothing wrong if an Altcoin can be at the 1st rank when it comes in value, it is also good to have good altcoin value in the future not only bitcoin. Hopefully, we can have a lot of good altcoins in the future to invest.

3-4 years back, the Bitcoin dominance was close to 90%. But after that it declined and reached the rock bottom of 33% sometime in 2017-18 (when the ICO craze was at its peak). Now once again the market share of Bitcoin is growing. So rather than Bitcoin taking the market capitalization away from the altcoins, we can say that BTC is simoly regaining the market share it lost previously.

It will take longer this time before seeing the money goes into altcoins again. But this dip could be just another show and temporary pushing the weak hands away to the market before it goes to pump. We always see this kind of situation and they go away to the market because they see it badly that it's not a good time to invest.

Altcoins has never achieved the number 1 slot so your statement is kind of confusing. Also no cryptocurrency currently existing is worthy of overthrowing bitcoin in market capitalization so irrespective of the bitcoin dominance declining, it would never result to altcoins reclaiming the number one slot.

Currently the altcoin market has been on the decline lately so irrespective of the movement of bitcoin dominance it might not be very positive to the altcoin market in generally although few selective ones might benefit.

In my opinion, altseason will occur if the dominance of Bitcoin is below 50%. If the dominance of Bitcoin is still above 50%, in my opinion altcoin is still depressed because the amount of altcoin is too much. But altcoin which has the potential to provide profit in my opinion is not much, only certain altcoins that have been traded at large exchangers and also already established

Well, the increase in dominance of bitcoin could also contribute to the decrease of market capitalization in altcoin which also mean price decrease because the market capitalization is basically just current price x total supply so it's true that it could bring destruction to the altcoins and if bitcoin dominance keeps on increase I really doubtful that alt may never have bullish market ever again except some minor bullish market for some of the altcoins.

The alternative market is not yet showing much improved performance even though Bitcoin is trading sideways there's still no much positive price action yet in the top ranked assets, but early next year there should be a bit more to look forward to

Yes, the percentage of price dominance of Bitcoin does not stand still, it can fall and rise. Therefore, if Bitcoin does not maintain competitiveness in relation to another cryptocurrency, its level of price dominance will inevitably fall. Many altcoins already have better functionality than Bitcoin. Therefore, if nothing changes, Bitcoin will lose both popularity and price dominance.
The situation with the price stagnation of altcoins has dragged on for a long time, such a long-term state of the cryptocurrency market is not beneficial to anyone. Therefore, I think that the market will find a way out of this difficult situation and altcoins will still attract the attention of investors.

On the contrary, we have seen Bitcoin lost it's dominance during the bull run. But still it remain as the number one crypto and everyone seems to enjoy it. Yes, although it did manage to also stay with Bitcoin, like Ethereum and XRP, the worsening market conditions put a dent on most of them.

Bitcoin is just around 60% of it's all time high, but most altcoins are 90%, so even it Bitcoin or a lot of altcoins as you describe have better functionality than Bitcoin, still investors prefer it at this bearish market. So nothing has change really, whatever cycles we have, Bitcoin will dominate.

I simply don't see the reason why it can't happen.

Bitcoin dominance swinging lower than 70% is actually good for alts, given the fact that it implies that the alt market is currently outperforming BTC because of the fact that BTC dominance generally resides in the 70-80% region over the long term.

Only when BTC dominance is high does it suggest that participants seek less risk in the market and divert their trades from alts into BTC. Not the other way aronud.

I do not think that there can ever be a decrease in interest in bitcoin.And if Ethereum will grow, it can perfectly do it without bitcoin.

but whether you realize it or not, your interest in altcoin depends on bitcoin. it means that market dominance is still crypto, and tends to bitcoin and then continues to altcoin. see how all this happens from year to year, when the bull run always starts with the dominance of bitcoin, then the altcoin market will go up.

The altcoin will have a chance to rally because some of the altcoins already show the progress. Maybe we need to wait for more to see the altcoin season that will comes. And if bitcoin is really getting down or stay the current price for some time, I think that will be a good time for an altcoin to increase higher and make another higher price. But when bitcoin back to rise, the altcoin will adjust the price so they can increase higher.

Right now BTC Dominance is 66.4% but there is hardly any positive impact of this on altcoins, they are all almost collapsed. I am holding few altcoins (eth and Litecoin) but there season is no where to be seen. My only hope are now with bitcoin rally, if bitcoin go up altcoin will too go up.