Bitcoin dominance keeps decreasing due to recent altcoins pump.

[Triload]

How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers! 

[Civil]

https://i.imgur.com/Iv4AaCX.png

How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers! 

Probably there will be some big hits now in 2017, but i'm sure that the BTC hardfork will not happen and the bitcoin dominance wouldn't fall under 50%.

[cryptohunter]

good - btc needs to wake up and stop ruining our party. I don't think it is healthy to have one coin that is so dominant over all of the rest anyway.

[NUFCrichard]

How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers! 

So all the alts together are worth $10billion!  I really can't understand that valuation.
There are so many crap-coins, even inside the top 25 coins there are some that are low quality/joke coins - Golem, Doge, ETC, First Blood.

I can see that a few coins might be used in the future, but really that list is short. Over 40 coins have a market cap of over $10mil, I think about 30 of them shouldn't!

[Snail2]

Bitcoin dominance decreasing because of a pump (and dump for BTC)... Am I the only one who see some glitch in this logic ?

[Ayers]

How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers! 

there is also an ongoing bitcoin surge the value is almost where it was before, don't be fooled it's not bitcoin dump that go to altcoin pump, there are new investors now, many alt are pumped by these new investors instead of bitcoin, because they fear the hard fork and want to see the outcome, they think that for now it's safer to go with altcoin, which i have my doubt about, because we know that altcoin are super unstable, and i would never trust holding a big amount in any alt

[Febo]

How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers!  

Probably there will be some big hits now in 2017, but i'm sure that the BTC hardfork will not happen and the bitcoin dominance wouldn't fall under 50%.

I think that bitcoin dominance will  fall under 50%. It is inevitable that to happen. Same as that Bitcoin will lose its leading position.  So as that no future leader will ever hold more then 50% of Crypto marketcap.

There is tiny chance all what i posted would not happen. Question is only when. Can take 1 year can take 10 years or can take 100 years.

[Arvydas77]

How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers! 

It is not surprising because the number of altcoins is growing everyday. I think we are heading towards balance of 50/50%. Actually, most of the altcoins have more potential from the technological side. 

[hankyulpark]

It looks like that some altcoins are gaining steam with a better understanding of what they can offer to the bigger audience. This is a good move, in which each altcoin is developed to do what it does better. We need a full crypto environment, and not "one coin to rule them all"

[mobnepal]

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers!  

Debate between core and BU will never settle down but it may not have similar effect in future so i think this is best time to put your money back from alt to bitcoin. Time to pull out profit from all our alts. 

[Chikito]

Excellent for the winners, and very bad for the losers. I think the market is now easier to change direction in an instant, the possibility of many large investors who play the price, but this is a victory in itself for smart people to analyze the market.

[alyssa85]

good - btc needs to wake up and stop ruining our party. I don't think it is healthy to have one coin that is so dominant over all of the rest anyway.

This. There are several alts that are better as currencies than bitcoin, and it's time the market realized this.

[robelneo]

I think it's good for the community that there is a good balance and it's only a matter of time before we can see new coins that can give the crypto currency industry a good balance I think the best balance is 40$ bitcoin and 60% from the altcoins the success of any altcoin sis also the success of the crypto currency in general.

[naidray]

[im g]https://i.imgur.com/Iv4AaCX.png[/img]

How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%

Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers! 

I think it is great for us altcoin traders as well, the prices goes up and down but mostly going up these days. That means great profits for us. Also bitcoin price may go higher and that doesn’t directly related to altcoin prices going down anymore, some coins goes up even when bitcoin price goes up which does affect the bitcoin dominance recently.

I think the best balance is 40$ bitcoin and 60% from the altcoins the success of any altcoin sis also the success of the crypto currency in general.

You got any explanation for 40% and 60% share between bitcoin and altcoin dominance ? I guess you give more to altcoin industry just because of number of existing coins, right?

[Triload]

Bitcoin BU and Core war makes the bitcoin dump, this always causes altcoin pumps, altcoin and bitcoin price are controversial, so good for alts.

[xuan87]

Because of the splitting issued bitcoin dominance really decrease a lot and the price fall down under 1000$ and on the other side the alt coin price keep on increasing causing people to buy and trade alt coin, but now bitcoin is slowly gaining more dominance, alt coin dominance is only temporary when bitcoin issue settled, bitcoin will be on top again

[fortunecrypto]

I think it's just temporary because of this Bitcoin Unlimited issue,but after this issue Bitcoin will eventually recover and will gain more markets anyway it's good that a new group of altcoins are in a race for a share in the market it's good for crypto currency ecosystem.

[The Sceptical Chymist]

good - btc needs to wake up and stop ruining our party. I don't think it is healthy to have one coin that is so dominant over all of the rest anyway.

Nothing we can do about that, can we?  Dash kinda made a run for dominance and did damn well for a bit...but it's not bitcoin.  Bitcoin was first, and if Joe Lunchbox on the Street knows anything about any crypto, it's bitcoin.  Not any of these other hangers-on.  I don't think it's healthy to have hundreds of shitcoins on the market doing absolutely nothing--but I can't do anything about that either.

[irukandji]

There must be some studies done on first movers and their dominance. Has anyone seen any. I might try to find some.

Seems to be plenty written about it. Has anyone seen any crypto analysis?

https://www.google.com.au/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=first%20mover%20advantage%20google%20scholar&oq=first%20mover%20advantage%20google%20scholar&aqs=chrome..69i57.11343j1j8


Maybe some:

https://scholar.google.com/scholar?q=first+mover+advantage++bitcoin&btnG=&hl=en&as_sdt=0%2C5

[irukandji]

Can We Predict the Winner in a Market with Network Effects? Competition in Cryptocurrency Market

Abstract: We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining early dynamics of exchange rates among different cryptocurrencies. While Bitcoin essentially dominates this market, our data suggest no evidence of a winner-take-all effect early in the market. Indeed, for a relatively long period, a few other cryptocurrencies competing with Bitcoin (the early industry leader) appreciated much more quickly than Bitcoin. The data in this period are consistent with the use of cryptocurrencies as financial assets (popularized by Bitcoin), and not consistent with winner-take-all dynamics. Toward the end of our sample, however, things change dramatically. Bitcoin appreciates against the USD, while other currencies depreciate against the USD. The data in this period are consistent with strong network effects and winner-take-all dynamics. This trend continues at the time of writing.

http://www.mdpi.com/2073-4336/7/3/16/html

Received: 18 March 2016 / Accepted: 29 June 2016 / Published: 7 July 2016

Have things changed since March 2016?