BTC Testing $16,000 - Bitcoin Crypto Market Losing "Dominance" Not a Bad Thing?

[rsrb]

Now BTC Testing $16,000 - Bitcoin Crypto Market Losing "Dominance" Not a Bad Thing?

[qiwoman2]

Well if you are holding cryptos like me and are bag holding and they go down around 20/40%, it's pretty nasty from where I am sitting, but if you were more clever than me and sold your alts at the top, bought Bitcoin on the last dip at 12k and now are buying alts at discount, then yeah you are doing well. Unfortunately by the time I try and buy or sell something, the damage has already been done because the whales and markets move too fast and all us little fish get caught out.   

[Pursuer]

Now BTC Testing $16,000 - Bitcoin Crypto Market Losing "Dominance" Not a Bad Thing?

what does bitcoin testing $16k have to do anything with the thing you are calling "Dominance"?

and I sigh deeply whenever I see someone else is talking about this so called "dominance" again and again and again!!!

it is just a wrong comparison to compare a meaningless variable called "market capitalization" to compare how much bitcoin is dominating the market.
you are practically comparing bitcoin with its 16.7 million coins with 1500+  altcoins most of which have at least 100,000 million coins circulating!

16.7 million bitcoin * $16000 = $267,200 million M.C.
1500 different altcoin * 100,000 coins each * lets assume $1 price = $150,000,000 M.C.
do you really think this is a fair comparison?