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Author Topic: Is Bitcoin Dominance Going Down?  (Read 437 times)
Debonaire217
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February 13, 2020, 11:38:35 AM
 #41

Stellar it is doing these massive burn offs and sell off and Im just wondering whats up with that?

I think this is a good move by the stellar project but I wonder since then, the coin has not made a real bull run because burning is suppose to grow a coins community at least. But lets see how all will play out after halving of bitcoin.

With that all being said, Ethereum as well is having a bullish trend with bitcoin and XRP, this could considerably a bull run I suppose. Furthermore, bitcoin halving is still not yet happening though, there is already a good market trend that we could see from CMC (Coin Market Cap). For me, this just means one thing, the idea of bitcoin dominance going down is actually false, as we what is really happening is that, it still relies on good position, but the other cryptocurrency is also gaining good market that is why it seems to affect bitcoin's dominance.
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February 13, 2020, 11:43:12 AM
 #42

Stellar it is doing these massive burn offs and sell off and Im just wondering whats up with that?

I think this is a good move by the stellar project but I wonder since then, the coin has not made a real bull run because burning is suppose to grow a coins community at least. But lets see how all will play out after halving of bitcoin.

We all know today that the bitcoin is one of the best coin to make profit and a lot of income with just a single investment also the bitcoin is one of the most profitable coins but the path of that coin does not take easily because it came to the highest market price of a coin it goes into the start the price of it is just a single thousand dollar. Today we are seeing that the price goes up for over 14k dollars and this is profitable enough for us to make more earnings. From the previous year of the bitcoin, it shows a good market income and many people now starting some investments because they know the possibility of this coin to make profit to the future and now the prediction is true because came from falling from the previous year of the bitcoin now it is going upward again and gives a huge income to the people. The bitcoin is not now a going down instead of increasing with the support of other people and preparing for the huge market price again.

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February 13, 2020, 11:59:00 AM
 #43

I never saw that btc fall down in every aspect I checked. When it comes to adoption, I believe that btc still got the most numerous adoptions thouugh it is in a slow pace but at least it continue to grow. Then when it comes to price, btc is still at the top; yeah I know that the current trend of btc at this moment is going dowm but c'mon it's normal so there's nothing to worry about. On that being said, I can see that btc is still dominating the cryptosphere and it ever will Smiley.
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February 13, 2020, 01:09:00 PM
 #44

Dominance doesn't matter if the assets lack liquidity.

There isn't a market to absorb all the shit, once people think the window of opportunity to increase their gainz is over and they all simultaneously head for the proverbial door.
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February 13, 2020, 01:29:13 PM
 #45

Bitcoins Dominance Percent seemingly is going down. Any thoughts or comments are more than welcome.
Can you state an reliable sources or an open sources that really states that the percentage of dominance of the bitcoin is seemingly going down right now? Because I think the dominance of bitcoin right now is currently not going down and still going up in which we can see it that many people are still intact on the bitcoin and many bitcoin are getting good as always and dominance of it are seeing by the mass already.

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