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Author Topic: what do you think about bitcoin's dominance over whole crypto market?  (Read 185 times)
Rahman11
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March 10, 2018, 03:18:07 PM
 #21

I think bitcoin dominance long time in crytocurrency market! yet to bitcoin is most valuable cryptocoin in cryptocurrency markets and most used cryptocurrency also! so I suppose that bitcoin dominance over cryptocurrency market for long-term.
bobrova
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March 10, 2018, 04:21:35 PM
 #22

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?

I think that this % will only increase. Many of the current bitcoin investors are moving to alt coins as well but we should not forget that a lot of new investors are starting with bitcoins as well. I think 90 5 of the people who are entering the crypto market are starting with bitcoin investment only. I will be happy if this dominance increases as most of the alt coins have no value or uniqueness to add. They are just having a different name and trying to create hype with marketing so as to benefit from the craze of bitcoins.
Derek86 (OP)
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March 11, 2018, 03:35:46 AM
 #23

thank you all for sharing your thought, I see most of you think that dominance of bitcoin over cryptomarket is not that imoportant, and there's strong faith in bitcoin
breadhy
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March 11, 2018, 03:51:58 AM
 #24

Bitcoin as the first cryptocurrency, affecting the entire cryptocurrency is normal to me. Moreover, many cryptocurrencies are based on Bitcoin. This is why Bitcoin plays a role in guiding the cryptocurrency market.
dajie1
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March 11, 2018, 04:02:16 AM
 #25

BTC is always the first place to encrypt money. BTC has the best developers. If BTC dies, then other crypto currencies will die.


I agree with your point of view, but I don't think Bitcoin will die. It will always dominate the market, its price fluctuations, but also the entire market fluctuations.
armarsterling7
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March 11, 2018, 04:09:09 AM
 #26

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?
That's fine, the crypto market should have a king to lead the altcoins to grow. Bitcoin is a king and is doing a great job of it.
As bitcoin rises, both markets are up and now their prices are five times higher than they were at the beginning of 2017 and the crypto market is up five times the value. That has made many people curious and invest in bitcoin. That's a positive sign for me.

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tweetbit
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March 11, 2018, 04:14:47 AM
Last edit: March 12, 2018, 03:03:50 AM by tweetbit
 #27

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?

It can go up and down depending on the trend in the market, the hype, the dump and the pump of each crypto coin will affect the dominance of bitcoin, but it doesn’t bother me at all. For someone who’s bet are not on the daily market trend, but on the future insight. Bitcoin have more to offer than its downfall. New coins is normally created and others may step-up from bottom to top, unluckily for them bitcoin can’t be stop and can’t be replace without a fight.

HODL
whoisyourking
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March 11, 2018, 04:40:41 AM
 #28

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?

This is normal it happens every time so better relax and do not panic it will back again to normal. The positive side if the bitcoin value drops the opportunity to bought another bitcoin is ther then if the value raise again then sell that also a positive sign so there is no negative sign there its win win situation, as long as the value will not reached zero.
hoanghoatham04
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March 11, 2018, 04:44:02 AM
 #29

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?
Bitcoin is currently dominating the Crypto market, but there are also other currencies that are nearly as good as Bitcoin and are of interest to the likes of Ethereum or ICO. I think the dominance of Bitcoin will continue until there is a significant change.

Harpawan
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March 11, 2018, 04:55:32 AM
 #30


As the first crypto currency that already has a name in the hearts of fans, do not be surprised if bitcoin controls other crypto currencies.
Society of course have put high trust to bitcoin which have proven its existence.
Uno17
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March 11, 2018, 05:10:48 AM
 #31

I am fresh in the crypto market but for me the dominance of bitcoin among any other crypto currency is because of the volume of its existence in the market, it has the heaviest supporter in the market that makes it dominant among any others. But whatever or wherever the market goes, as long people continue to support cryptoworld, no matter what the rank of bitcoin is, they will all continue to exist and dominates, so we will support it to continue soaring in our community...
jademacoy
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March 11, 2018, 05:16:40 AM
 #32

Definitely bitcoin is the number one cryptocurrency in the whole crypto market since it is the first to be recognized around the world. And also its success had already proven it that bitcoin over the past few years and now it is still growing. This is why that other cryptocurrency depend on the bitoin price and if were going to talk about the percentage of the bitcoin in the market still the bitcoin has it dominated. The rest percentage of crypto currency market goes to alt coins and these are composed of variety of altcoins vs the independent bitcoin. But the question is that what happen to bitcoin if the percentage will drop? Maybe the answer is that some of the bitcoin holders will invest in altcoins for them to earn especially in the upbringing altcoin with promising project to profit and will get their dividend. But for now even if the bitcoin percentage will drop nothing will change on my beliefs on bitcoin. In short I am a bitcoin believer.
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