exactly. this is the same scenario as I was talking about back when China closed down their exchanges. the traders didn't stop because of it, they simply moved their funds elsewhere. the day they closed Chinese exchanges we clearly saw a huge volume spike which stayed up until today in other exchanges including localbitcoins, Japanese and Korean exchanges mainly but also other exchanges too.
the same is happening in India, people simply moved to P2P trading. and now the government has no idea who is doing what and how much.

you do realize that this was just a story, right? and just like any story it needed twists and turns. if  the protagonist in the story has no challenges and just lives a regular life with no obstacles then the story would be boring! hence the "Hypoglycemia" twist in the story and the hospitalization afterwards.

but it is all about the context that the term "dominance" is being used in. people aren't just using the term to compare market capitalizations, they are using the term "dominance" to say bitcoin is losing its ground and being replaced by an altcoin. specifically if you look at the usage of it in first cases when it all started you can see it is mostly used when people want to advertise some altcoin that was getting pumped by that time.

besides when you compare market capitalizations you should also consider that fact that market cap of a lot of altcoins is FAKE because their coins are not in circulation. for instance the coins with premine that have not yet released the coins by dumping them on exchanges. if they do it the price of them will fall and consequently their market cap will fall making it more real.

not just that, there is A LOT of them too! I just added up all the coins in circulation and guess what there are 18,992,064,409,496 coins out there! I mean there isn't even the same amount of fiat in the whole world.

I also find it interesting that the word "product" is turning into a niche these days whenever someone wants to legitimize some shitcoin, usually an ICO token. and when you start asking them about "what product" they stop answering you

no shit! all the funding is done through US dollar. all the things the terrorists buy are bought by US dollar. there is no place for cryptocurrencies among them. specially since it is harder to use due to lack of adoption and much easier to track majority of them specially bitcoin since they are not anonymous and have a public ledger of all transactions left out in the open for everyone to see! using US dollar won't leave a trace at all.

as for that "juhad coin" or whatever you want to call it, I would doubt its origins since I have seen all kinds of weird ICOs in the past year. the kids are starting to run out of ideas for their ICOs so they are now left with these things so it may even be one of the same kids who created another ICO like the energy tokens which were supposed to make "energy cheap" LOL. or a lot of absurd tokens that were created purely to make money and nothing else.

I disagree.
having doubts when it comes to investing your money, specially in new technology, is a natural thing. people should have doubts and question everything. and bitcoin investment is a risky one. but the important thing is what you are doing after having those doubts. for example a newcomer is reading and believing the FUD instead of reading the reliable sources about bitcoin and educating himself about it then he is doing the wrong thing.

in fact that is one of the biggest problems that people usually have, and based on your last sentence I would say you also are making the same mistake. you don't educate yourself and are too caught up in making profit that you think the "whole crypto market" will go up be cause bitcoin is a good investment.

it means nothing because this "percentage" is market capitalization and it is not a viable characteristic to look at or use for comparison. in fact using it in that "percentage" is completely false.

market cap is multiplication of supply and price.
bitcoin has 17 million circulating supply.
this supply is going against 1944 number of coins with total supply of 18,992,064,409,496 coins (18,992,064 million). now do you see how stupid the comparison using that "percentage" is?

in simple terms bitcoin with only having 0.00009% of the total supply has nearly 50% of the market cap! this should give you a pretty good idea how bitcoin has nearly 100% dominance over the whole market.

your are very mistaken. altcoin pumps are already taking place. there is no pause button or "bear period" for altcoin pump and dumps. they will always get pumped and dumped every day. why do you think there is nearly 2000 altcoins available? it is because pumpers want to have as many options for pumping as possible.

in depends on which coin you are talking about.
bitcoin will start rising pretty soon, possibly next month as we put ETF behind us and the market starts up with freshness.
altcoins as I said above have been getting pumped this year too, you just haven't been looking at the pumped coins but you were stuck with the top coins that are actually getting dumped.

I wouldn't call such a drop "easy"!
the same size drop from $20k down to $6200 which is nearly a 70% drop was extremely hard not to mention $20k was actually a bubble going another 70% down from current price is not just "not-easy" it is in fact near impossible. not to mention that $2k is a 90% drop from ATH!

but about "fear" you are right. like anything else when the "support" or even in opposite case the "resistance" is broken it creates fear but it won't push price down drastically as you claim. just like breaking a resistance like $10k is not going to send the price to $100k.

I disagree. there is no more sentiment left in the market. all that's left is day traders trying to repeat the same process with similar highs and lows to make the same amount of profit. rinse and repeat like a sinus curve ups and downs.

so your reason is that because bitcoin is not mass adopted the banks won't use it.
then you say they will use an altcoin which is also not mass adopted, and not only that it is not even have  1/10000 of bitcoin adoption! does this really make sense to you, or are you just saying random stuff just to name altcoins you have invested in?

talking about bubbles is best when it is done on a case by case basis because you can't talk about the whole cryptocurrency market like that.
for instance bitcoin bubble was big but wasn't big enough to compare it with dotcom bubble. we are not even close to that point yet and if anything the current price is a huge bubble: an inverse bubble which means price is now lower than real value which I believe is closer to $10k with $20k being its bubble.

as for altcoins cases are a lot and very different. for instance there are small coins that get pumped over 1000% in one day and enter gigantic bubbles but they pop just as fast and go down. meanwhile there are bigger altcoins which have smaller but yet big bubbles like ethereum but they enter it slowly and also get out of the bubble just as slowly.
in the end it will all come down to utilities of each cryptocurrency. when altcoins don't have any utility it makes their value (no matter what it is ) a bubble.

let's not forget that this is the same person who tweeted about a year ago that he doesn't believe in the future of cryptocurrencies and thought they won't rise at all while bitcoin was worth about $900 and he said you should invest in traditional assets instead.

I believe Vitalik is confusing his own pump and dump scheme which is starting to reach its "end of the line" with cryptocurrencies.

when you make a withdrawal from a website (in this case withdrawing from localbitcoins.com) the  cost is not a bitcoin transaction cost the cost is that third party withdrawal cost. and they can ask for any amount they wish regardless of how much it costs them to send you the transaction. there  currently are exchanges that will charge you 0.001BTC for a bitcoin withdrawal just because they can and then they pay 0.000002BTC transaction fee themselves to send you the coins. the difference is their profit.

it depends on the exchange you are using, you have to check out their fees. the fee as I mentioned above is not a network fee. some exchanges are even charging a % of your amount. I remember it was btc-x (coinsbank) that charged about 1%. for instance if you wanted to withdraw 10BTC you should have paid 0.1BTC in fee!

and why do you think altcoins are better to donate?
for example when donating to a charity, they only accept USD, you can not go there and donate Zimbabwe currency! because they don't accept it and they don't want the headache of currency conversion. when it comes to altcoins it becomes even more complicated since they also have to be running a wallet for that altcoin to be able to receive donations which they won't because it will cost more to run it than they may even get donations in that altcoin.

Psychological fear does dominate the market these days but not for the reasons you think. people aren't afraid of the price drops because they have not been occurring for a while now. don't confuse the recent rises to $7k+ and come back to $6k bottom as "drops" they are market fluctuation/manipulation for short term gains.
what people are afraid of is what may come next. in other words they are afraid of the short term future because of the incidents that lie ahead. such as ETF rejection. and as soon as this "fear" is lifted the price will rise.


it does matter, the same way something completely irrelevant such as Goldman Sachs nonsense matters for bitcoin and the price of it. it is all about speculation and what the investors think. when enough people think the cost of mining matters and is a factor to look into, then it means it matters a lot for determining the price.

it is but it still is keeping investors away from coming back. for example if you look at the volume and the way bitcoin price is moving you can see it is not natural anymore. the volume is low and the rise and falls are stuck in a certain state that it rises slowly to the top of it and then is dumped into to suddenly crash down as if someone is taking profit in short term pushing the price to the initial level (bottom) to rinse and repeat and increase their wealth.

the timing of it doesn't match the drops if you check the charts.
basically the news about SilkRoad $1billion bitcoin movement started on 30 August, price was $7050+ and went down to $6800ish and then from 31 to September 5 price continued rising after the "hiccup" up to ~$7400 then the news about GC came out and price dropped on the same day. here is the link with dates:

8 days ago (large movement of coins):
https://www.reddit.com/r/Bitcoin/comments/9bwsaf/investigating_the_1b_bitcoins_on_the_move_from_a/

4 days ago (GC):
https://www.bloomberg.com/news/articles/2018-09-05/bitcoin-drops-3-in-10-minutes-as-cryptocurrencies-join-selloff

link to price for comparison with dates: https://bitcoinwisdom.com/markets/bitstamp/btcusd

it is because it's enough for one news site (specially the bigger ones like bitcoin.com) to publish something for it to go viral among the other news sites. they just copy the contents, change the words (some don't even change anything!) and publish it as a new one.
in some cases I have even seen they add additional wrong information to the original wrong news and publish it just to make it look more interesting and make people "click" on their links as click baits go.

it is mostly temporary market manipulations by the big whales who are day trading in order to make profit from some FUD by creating a panic in the market. as you can see after the manipulation the price is still above the major buy support at $6k and it is not showing any signs of going any lower.

additionally because of this manipulation and the drop and  the natural altcoin dumps that has been going on for months there is an additional sell pressure on bitcoin as some part of the money is exiting from the altcoins through bitcoin/usd market. and the more altcoins are dumped the more this pressure is going to be felt in bitcoin but it is interesting that the $6k support has been ridiculously strong despite all that!

I don't suppose it is that much about caring what Goldman Sachs, SEC, and others say about bitcoin. it is mostly about what they say can affect bitcoin price, in other words it is about speculation.
for example I assure you nobody in bitcoin world gives a flying fuck about what Jamie Dimon of JP Morgan says about bitcoin but bitcoin price dropped about 30% IIRC last year when he called bitcoin "fraud". in a way it has turned into a tradition among market players that whenever some FUD is spread about bitcoin, everyone panic sells. and the funny thing is they sell because they want to buy back more of it not because they think bitcoin is over!