Bitcoin regaining dominance.

[Don Pedro Dinero]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

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[Gozie51]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

[FrueGreads]

I think a lot of things are happening at the same time, and most of them are favoring bitcoin. Most people don't really like the segwit2x fork, and we are keep getting info on mining pools and exchanges withdrawing their support to NYA, so the fork might not happen at all. Then we have the bgold fork that is completely friendly, and like you said people are expecting some free coins, so they are holding BTC. There are some good news from some banks that showing some interest, governments that regulating and accepting BTC, and more and more rumors from the interest of Wall Street in crypto. This gives confidence to the market and more people buy it. So most are probably holding, and some are buying, so the price can only go up right now.

[BTCMILLIONAIRE]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

[Eternu]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

[gentlemand]

It'll be interesting to see how this is going to play out. In 2013, and making the comparison is silly but what the hell, alts had a rally after BTC. However this time around alts have gone bleedin' insane for years on end while Bitcoin has done nothing at all until now.

Alt valuations are now absolutely huge and they still haven't delivered on a shred of their supposed promise. What the fuck has Dash achieved? It could be major flippening back to BTC that could either be permanent or last until there are more alts that are actually more than empty pumping.

[Aleister Crowley]

I think a lot of things are happening at the same time, and most of them are favoring bitcoin. Most people don't really like the segwit2x fork, and we are keep getting info on mining pools and exchanges withdrawing their support to NYA, so the fork might not happen at all. Then we have the bgold fork that is completely friendly, and like you said people are expecting some free coins, so they are holding BTC. There are some good news from some banks that showing some interest, governments that regulating and accepting BTC, and more and more rumors from the interest of Wall Street in crypto. This gives confidence to the market and more people buy it. So most are probably holding, and some are buying, so the price can only go up right now.

at this time a lot of prominent conversations in this forum about segwit2x fork,. but the advantage we can take here is a very rapid rise in the price of bitcoin., which makes the profits that we are now getting bigger,, now there will be bloodshed between bitcoin and altcoin in the moment of bitcoingold ,, and we must be as careful as possible to observe which coins will trap and which can bring benefits..

[BTCMILLIONAIRE]

It'll be interesting to see how this is going to play out. In 2013, and making the comparison is silly but what the hell, alts had a rally after BTC. However this time around alts have gone bleedin' insane for years on end while Bitcoin has done nothing at all until now.

Alt valuations are now absolutely huge and they still haven't delivered on a shred of their supposed promise. What the fuck has Dash achieved? It could be major flippening back to BTC that could either be permanent or last until there are more alts that are actually more than empty pumping.

I doubt it will be permanent, but most coins are bound to crash and burn - after all that's what happens in the venture capital scene, where on average 90% of start-ups just outright die. And that's despite very thorough due diligence by venture capitalists.
This means that we should see more altcoins dying than we see venture capital funded start-ups fail.
In that regard we're really seeing the same situation as during the dot com bubble and during penny stocks mania. But even during those times there were success stories, so it's just a matter of being more thorough than the masses in identifying realistic opportunities rather than jumping blindly at "easy money" (which doesn't exist).

[shursight]

Well if we compare it to the latest charts of a few years ago we can make a conclusion that the price can really drop a lot right now it if needs to happen.
But we can not compare those charts to ATM charts, because it is insane, right now all the market is manipulated by the whales and all the people who is investing some money on bitcoin, it can only drop if there is a terrorific notice about bitcoin in some country, only if it creates fud over the market.
But it really needs to drop a litttle before the bubble explodes.

[BTCMILLIONAIRE]

Well if we compare it to the latest charts of a few years ago we can make a conclusion that the price can really drop a lot right now it if needs to happen.
But we can not compare those charts to ATM charts, because it is insane, right now all the market is manipulated by the whales and all the people who is investing some money on bitcoin, it can only drop if there is a terrorific notice about bitcoin in some country, only if it creates fud over the market.
But it really needs to drop a litttle before the bubble explodes.

The markets have changed drastically, so comparing to the past is probably not a great idea. Either way, rather than "manipulation" we're just seeing normal market movements in a very volatile environment with an overall upwards trend.

[Oceat]

I think Bitcoin never did go down or being surpassed by any other Altcoins. Most of these Altcoins are up for a show that they didn't even last longer while Bitcoin is not doing anything. These random Altcoins are keep on showing but never last longer, they were just like a corrupt politicians that keeps on promising but aren't doing anything after they win. Yet, Bitcoin might go down for a week but no Altcoins would ever gonna surpass its price i guess.

[BTCMILLIONAIRE]

I think Bitcoin never did go down or being surpassed by any other Altcoins. Most of these Altcoins are up for a show that they didn't even last longer while Bitcoin is not doing anything. These random Altcoins are keep on showing but never last longer, they were just like a corrupt politicians that keeps on promising but aren't doing anything after they win. Yet, Bitcoin might go down for a week but no Altcoins would ever gonna surpass its price i guess.

I can almost guarantee you that there will be altcoins that will surpass Bitcoin in the coming decades. Bitcoin isn't that special, it's just the first of its kind. Market rationale alone is enough to propose that Bitcoin will be trounced one day.

[HeRetiK]

I think the question needs to be asked the other way round -- why did BTC lose dominance in the first place?

1) Lost of trust in BTC due to scaling issues, stagnation and the ever intensifying scaling drama

2) People assuming that subsequently some other alt will rise, become the next big thing and dethrone BTC

3) Tons of other alts getting pumped in the wake of the more serious ones

4) New money pouring into alts, due to nubs being more susceptible to 2) and 3)

5) ICOs ICOs ICOs


What changed?

1) Regained trust in BTC due to surviving the BCH fork and showing progress

2) Alts falling short on expectations, both technological and in terms of valuations

3) ICO bans bans bans


Add to that the shift of perception of hardforks from "DOOM" to "FREE MONEY" and all of a sudden BTC's upcoming hardforks turn from bug to feature, making BTC even more attractive.

[soham]

I think the question needs to be asked the other way round -- why did BTC lose dominance in the first place?

1) Lost of trust in BTC due to scaling issues, stagnation and the ever intensifying scaling drama

2) People assuming that subsequently some other alt will rise, become the next big thing and dethrone BTC

3) Tons of other alts getting pumped in the wake of the more serious ones

4) New money pouring into alts, due to nubs being more susceptible to 2) and 3)

5) ICOs ICOs ICOs


What changed?

1) Regained trust in BTC due to surviving the BCH fork and showing progress

2) Alts falling short on expectations, both technological and in terms of valuations

3) ICO bans bans bans


Add to that the shift of perception of hardforks from "DOOM" to "FREE MONEY" and all of a sudden BTC's upcoming hardforks turn from bug to feature, making BTC even more attractive.

Very valid and well written reply. I believe the bitcoin was initially loosing the dominance due to some organized attacks from China and the The evil CEO of JPM bank. When the community came to know that ICO is banned in China, they immediately though that bitcoin will also be banned in China. However, that didn't happen. China just banned ICO because they are not regulated by any governing authority and not licensed by anyone to raise funds from the market. But China didn't ban bitcoin or any other crypto currency. Recently I heard that China is going to provide a framework to the exchanges running from their soil.

Secondly JMP CEO Jamie suddenly though it is the best time to bring down bitcoin and made a false statement about bitcoin being scam. However, it gave the investors an immense opportunity to buy bitcoin at very cheap price which will never come again. People laughed at Jamie and kept buying bitcoin at lower price resulting a 99 billion USD strong market cap.

In the meantime, Japan provided license to a crypto related exchange called "coincheck" which added to the buying spree. A small county called "Vanuatu" started accepting bitcoin as a fee for visa. These factors impacted positively in bitcoin's price and hence bitcoin is gaining dominance again.

[player514]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

I agree that this is the reason why bitcoin is very popular right now. People heard about the Bitcoin cash fork, maybe missed out on it, and now want to make sure they don't fall behind on the trend.

Along with that, however, Bitcoin has had the strongest growth so far. That has to be an aspect of the interest as well.

[BTCMILLIONAIRE]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

I agree that this is the reason why bitcoin is very popular right now. People heard about the Bitcoin cash fork, maybe missed out on it, and now want to make sure they don't fall behind on the trend.

Along with that, however, Bitcoin has had the strongest growth so far. That has to be an aspect of the interest as well.

Obviously interest in Bitcoin is rising. But the fact that pretty much all altcoins are going down is mostly attributed to the fork. Pretty sure Bitcoin will go down a little and then keep doing its thing after the fork, while altcoins will start rising again once Bitcoin Gold has been dumped into oblivion.

[nightrider]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

I agree that this is the reason why bitcoin is very popular right now. People heard about the Bitcoin cash fork, maybe missed out on it, and now want to make sure they don't fall behind on the trend.

Along with that, however, Bitcoin has had the strongest growth so far. That has to be an aspect of the interest as well.

Obviously interest in Bitcoin is rising. But the fact that pretty much all altcoins are going down is mostly attributed to the fork. Pretty sure Bitcoin will go down a little and then keep doing its thing after the fork, while altcoins will start rising again once Bitcoin Gold has been dumped into oblivion.

No, bitcoin will never be abandoned and forgotten. It is always taken care of and will be forever. With the constant amount of bitcoin currency, the increased demand for its value keeps increasing, I do not see any impact that can affect the value of bitcoin at the moment.

[BTCMILLIONAIRE]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

I agree that this is the reason why bitcoin is very popular right now. People heard about the Bitcoin cash fork, maybe missed out on it, and now want to make sure they don't fall behind on the trend.

Along with that, however, Bitcoin has had the strongest growth so far. That has to be an aspect of the interest as well.

Obviously interest in Bitcoin is rising. But the fact that pretty much all altcoins are going down is mostly attributed to the fork. Pretty sure Bitcoin will go down a little and then keep doing its thing after the fork, while altcoins will start rising again once Bitcoin Gold has been dumped into oblivion.

No, bitcoin will never be abandoned and forgotten. It is always taken care of and will be forever. With the constant amount of bitcoin currency, the increased demand for its value keeps increasing, I do not see any impact that can affect the value of bitcoin at the moment.

I meant Bitcoin Gold will be dumped into oblivion. Not Bitcoin. Bitcoin itself will be safe for quite a while, but definitely not forever. It just happens to be the first of its kind, but it's going to have a hard time keeping up progress forever due to how strongly centralized it is by large mining operations.

[freebutcaged]

Bitcoin never lost the market dominance mate, too many shitcoins from some private companies with fake market share, too many ICOs with fake

Market share, if you remove them from the equation you'll see that Bitcoin never lost the market dominance. you shouldn't take them as cryptocurrency.

Btc, Eth, Dash, Zcash, Monero. if you take them as cryptocurrencies you will understand.

[Almat]

People are moving their alts to bitcoins because of the fork. I expect them to move back to alts after.

But yeah, Bitcoin never really lost dominance. It just regained some lost ground is all.

[Nasty23]

Bitcoin never lost the market dominance mate, too many shitcoins from some private companies with fake market share, too many ICOs with fake

Market share, if you remove them from the equation you'll see that Bitcoin never lost the market dominance. you shouldn't take them as cryptocurrency.

Btc, Eth, Dash, Zcash, Monero. if you take them as cryptocurrencies you will understand.

Yes Bitcoin dominance is always there and there is no other altcoins that can passed Bitcoin capitalization because Bitcoin have a strong community and also it plays a big role in the market that makes other coins to work and provide a big profit to it's investors.

[Kemarit]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I think between March and June, altcoins have been equaled or even surpassed bitcoin dominance specially Ethereum because its being used as investment platform for a lot of ICO's. Ethereum proponents even says that it will take over bitcoin and they will be the #1 coins. I still vividly remember that remarks but the so called "flippening" didn't come into fruition and then quickly Ethereum after reaching ATH, lost its luster. Also there's the never ended drama that time regarding fork that hug the lime light around the time frame as well. That's why bitcoin didn't enjoy much increase until June to Aug where we touched $3000 and bitcoin never looked back ever since. My assumption is that investors are really putting their cash into bitcoin because its much safe that your money would regain that much profit if you hodl it longer term. While altcoin is really for short term and its really hard to see the price movement because of those pump and dump groups around.

[mrcash02]

I think between March and June, altcoins have been equaled or even surpassed bitcoin dominance specially Ethereum because its being used as investment platform for a lot of ICO's. Ethereum proponents even says that it will take over bitcoin and they will be the #1 coins. I still vividly remember that remarks but the so called "flippening" didn't come into fruition and then quickly Ethereum after reaching ATH, lost its luster. Also there's the never ended drama that time regarding fork that hug the lime light around the time frame as well. That's why bitcoin didn't enjoy much increase until June to Aug where we touched $3000 and bitcoin never looked back ever since. My assumption is that investors are really putting their cash into bitcoin because its much safe that your money would regain that much profit if you hodl it longer term. While altcoin is really for short term and its really hard to see the price movement because of those pump and dump groups around.

On long term Bitcoin will always rule, sometimes an interesting opportunity can appear to make profit with AltCoins, but as you said, it's on short term, right after making profit this way the investors exchange their money to BTCs again to continue holding, especially now with the imminent Hard Fork that is the most probable reason to have BTC price skyrocketing at this moment.

Sometimes Bitcoin can appear a bit weaker, but even weaker it still rules the Crypto-Currency market and the success of this market depends Bitcoin. If Bitcoin fails for any AltCoin the trust of many investors will finish what compromises all the market.

[Pejoh Asu]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

[AVAMONEY]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

well, despite the existence of the second fork issue, but prices are sky rocket.
I think most people want to save bitcoin in some time to get the Bitcoin Gold bonus

[giantrobot]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

I'm not sure about the $ 10,000 value this year, but I believe the bitcoin will not stop here, so many people think bitcoin will be back $ 4000 after its spike, but I suppose it's impossible. bitcoin will continue to go up.

[bonghip]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Bitcoin is always dominant, no altcoins can replace its # 1 position.
Bitcoin has existed for a long time, experiencing many events still stand firm. Sometimes it sharply decreases but it always increases again.
We should trust it!

[cpfreeplz]

Regaining dominance just shows that bitcoins are number one for a reason, and every other altcoin is just going to pump up to heights it cannot sustain. I'm all for investing in risky ventures but at some point you just need to pick a team and stick with it.

[Don Pedro Dinero]

Bitcoin never lost the market dominance mate, too many shitcoins from some private companies with fake market share, too many ICOs with fake

Market share, if you remove them from the equation you'll see that Bitcoin never lost the market dominance. you shouldn't take them as cryptocurrency.

Btc, Eth, Dash, Zcash, Monero. if you take them as cryptocurrencies you will understand.

Unless you explain yourself better, I see no sense in what you are saying. Bitcoin never lost significant market cap dominance to shitcoins, it lost it mostly to Ethereum. At its lowest point (as the graph shows) Bitcoin had only 37.8% dominance and Ethereum was 30% (it came up from just 5% three months before). So, most of dominance loss was due to eth and the other coins you call “real” cryptocurrencies and no shitcoins.

[leexhin]

Bitcoin almost at 60% dominance on all altcoins
Market Cap: $174,046,760,523 / 24h Vol: $4,560,086,203 / BTC Dominance: 58.1%

Nearing to 200 Billion market cap.

[Akash1243]

I think that bitcoins has not really ever loss its dominance over the other alt coins but ethereum did come close to overcome bitcoins.I think that this price had mostly increased due to up coming forks which would had large affect on bitcoins market and can earn profits in bitcoins.This year bitcoins has increased too much ,it came from $900 to $6000 which is amazing.Bitcoins can really comeback from any drop and would overcome any coin trying to overtake them.

[nidacoinlove]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I think between March and June, altcoins have been equaled or even surpassed bitcoin dominance specially Ethereum because its being used as investment platform for a lot of ICO's. Ethereum proponents even says that it will take over bitcoin and they will be the #1 coins. I still vividly remember that remarks but the so called "flippening" didn't come into fruition and then quickly Ethereum after reaching ATH, lost its luster. Also there's the never ended drama that time regarding fork that hug the lime light around the time frame as well. That's why bitcoin didn't enjoy much increase until June to Aug where we touched $3000 and bitcoin never looked back ever since. My assumption is that investors are really putting their cash into bitcoin because its much safe that your money would regain that much profit if you hodl it longer term. While altcoin is really for short term and its really hard to see the price movement because of those pump and dump groups around.

Since I have come to know bitcoin and I get interested into it I see continuous challenges which bitcoin comes across with. All that you have said is that some of the time it is segwit that drags bitcoin price down, sometimes it is fork or a ban or anyother issue which causes the bitcoin price a damage but one thing that I am sure about is that bitcoin is gonna stay on the top of the list. No alts can beat it at the moment.
I saw it's price going up and down and it mostly recovers it price soon. This is all due to the interest of the people attracted towards it and they have trust in bitcoin that they are not gonna lose money here.

[Dalmar]

Bitcoin was dominant and it looks like it will continue to be for future. Other cryptocurrencies cant resist to bitcoin because bitcoin was first father of all coins. There will be other blockchains which can take down bitcoin's popularity for future. Who knows..

[Reid]

They are preparing and exchanging their coins or adding more investment in bitcoin. That is all I see for now.
They have seen what happened with BCH and now know what to do in case it will also be an airdrop.
Well thanks to them we can somehow make profit with all the boost that is happening.
But after this, what could happen. I guess it will be time to withdraw.

[krauzzer02]

It goes to $6000 plus now a days that's really a large boost for this month as the hard fork will come and the free BTG will give after the fork that's why there is a lot of people who are investing or moving their coins to bitcoin steadily storing them with the wallet that they hold the private key. But the truth is bitcoin will always dominant over the altcoins.

[Skyshark]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

Thats what I think too, I've heard that there is gonna be a fork this october, so I guess everyone is just keeping and holding their bitcoin, I heard that the amount what you will get from the fork is same as how much bitcoin you have, I don't know if its true, but I think this is one reason why everyone is buying more bitcoins now.

[BTCMILLIONAIRE]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

Thats what I think too, I've heard that there is gonna be a fork this october, so I guess everyone is just keeping and holding their bitcoin, I heard that the amount what you will get from the fork is same as how much bitcoin you have, I don't know if its true, but I think this is one reason why everyone is buying more bitcoins now.

I thought the fork was going to be in October as well, but it seems like it's going to be in November? I haven't moved back into Bitcoin though for tax reasons. Selling altcoins would drive the holding periods back and thus increase tax rates, which is bad if you want to pull out profits and relocate them into real estate or stocks for additional safety.

[Vannie12]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

Agree with what you have said. With the upcoming fork, for sure most of the users of digital currencies will be holding bitcoins more rather than altcoins. The faith in bitcoin never disappear. Altcoins are just used for more and faster profits. But when it comes to superiority, bitcoin is indeed trusted by many.

[audaciousbeing]

The real question of concern here is if bitcoin has ever lost the the dominance to start with. This is very obvious that even the market cap statistics is only being modest because based on my understanding of the calculation, market capitalzation= price of the coin X total coin in circulation. Which to me, is not taking consideration other factors that are specific to each coin which would include the total amount to be available in the life time of the coin, the difficulty in mining a coin, the attack they individually get and other qualitative factors.

Putting all these factors together, will show that the 37% is just an average of what the situation is really saying.

[gabmen]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

Agree with what you have said. With the upcoming fork, for sure most of the users of digital currencies will be holding bitcoins more rather than altcoins. The faith in bitcoin never disappear. Altcoins are just used for more and faster profits. But when it comes to superiority, bitcoin is indeed trusted by many.

Lol plus the hopes of getting free bitcoin gold. A lot of people earned easy money with bitcoin cash the last hardfork and who wouldn't want free money right? If there's even going to be a drop in price, it won't be that drastic to cause concern

[The_prodigy]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

[Sled]

It is indeed that the bitcoin is now becoming the most dominant cryptocurrency in the market and the altcoins are just going below the bitcoin and it is a strong indication that the people are now focusing in bitcoin more than the altcoins. If this will continue then we can easily see a 5 digit us dollar price in the market for bitcoin. Let just see the result in the next incoming years if this bitcoin dominance will continue.

[ToyotaFortuner]

yes bitcoin back to top peak because it is from yesterday ETH which incessantly develop its technology. if only bitcoin can work with token or altcoin or develop new bitcoin-based products then bitcoin will always be number 1.

[jamids]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

I'm not sure about the $ 10,000 value this year, but I believe the bitcoin will not stop here, so many people think bitcoin will be back $ 4000 after its spike, but I suppose it's impossible. bitcoin will continue to go up.

There is an impending correction after the bull run and it is happening now. This may just be temporary as the snapshot of bitcoin gold is on 25th so a temporary dip happen in which the price went down below $6k but many still believe that it can achieve again new all time high within three days and after that, that's the time we will see a massive correction depending on what price the strong support is. There are others who said it will be $4k and others are saying $5k. A lot of money will flow back into alts but people are only doing it to have more bitcoin that's why bitcoin will always dominate others. Another coin may dominate the world of cryptocurrency but who knows when.

[criz2fer]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

I agree that this is the reason why bitcoin is very popular right now. People heard about the Bitcoin cash fork, maybe missed out on it, and now want to make sure they don't fall behind on the trend.

Along with that, however, Bitcoin has had the strongest growth so far. That has to be an aspect of the interest as well.

Obviously interest in Bitcoin is rising. But the fact that pretty much all altcoins are going down is mostly attributed to the fork. Pretty sure Bitcoin will go down a little and then keep doing its thing after the fork, while altcoins will start rising again once Bitcoin Gold has been dumped into oblivion.

No, bitcoin will never be abandoned and forgotten. It is always taken care of and will be forever. With the constant amount of bitcoin currency, the increased demand for its value keeps increasing, I do not see any impact that can affect the value of bitcoin at the moment.

I meant Bitcoin Gold will be dumped into oblivion. Not Bitcoin. Bitcoin itself will be safe for quite a while, but definitely not forever. It just happens to be the first of its kind, but it's going to have a hard time keeping up progress forever due to how strongly centralized it is by large mining operations.

Correct, being bullish of bitcoin is not forever. If the popularity of it reaches its peak, I think the market will be stable. After the fork, Im sure that bitcoin will be dump because many of them will be returning to altcoins or the other way. Since they have profited from bitcoin, they will be waiting for the dump again to buy at the lower price to buy a popular alt that will surely dominate the market. Everyone are really affected by this Bitcoin Gold

[Elcapsono]

While we can say so it is possible that he zeroed out all the alts, but we will wait soon for bitcoin to fall, and maybe there will be more people trusting the various alts.

[Lancusters]

Bitcoin will always dominate the market of cryptocurrencies. It will be because he has the biggest capitalization. Nobody wants to lose the invested money. If bitcoin loses its value the altcoins in General will die. Their purpose is to produce steam from an overheated boiler bitcoin. Next week we will see a breakthrough price of bitcoin. I don't doubt it.

[senne]

While we can say so it is possible that he zeroed out all the alts, but we will wait soon for bitcoin to fall, and maybe there will be more people trusting the various alts.

But the alts are a good way for trading but here we are talking about Dominance of Bitcoin and definitely every time Bitcoin skyrockets and creates new benchmark, its power is felt everywhere, people once again are attracted towards Bitcoin, news headlines flashes once again and also it effects the alts. But I totally agree on the fact that after the fork its value will have a sharp dip and all these factors highly affect the alt market.  But there after all the rumors and ICO bans and Bitcoin cash it can be simply seen that Bitcoin is unstoppable and its dominance is increasing every day.

[ajochems]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

Many long term user know this.Even they spread the awareness about the bitcoin to their friend and family member.Even my Mom and Dad know ,I am earning my Second salary from the source called Bitcoin.I had quit my real job and start to work in Bitcoin by the sense of Trading,Mining and Participating in a Signature Campaign. Now the price of bitcoin crossed the 6000$ peak .It's due to all of us.We can proud to say we are one of the Responsible for the Bitcoin growth and the increase in price.

[glowing10]

yes bitcoin back to top peak because it is from yesterday ETH which incessantly develop its technology. if only bitcoin can work with token or altcoin or develop new bitcoin-based products then bitcoin will always be number 1.

BTC will always be on top itself because rest of the altcoin are created based on the this technology and the concept of btc. Yes there are many coins which are trying to be somewhere reaching near btc but yet the no 2 coin is ETH which is still far away anywhere even to bitcoin.

[aso118]

I doubt whether the dominance will jump back to the 80-90% we had before Ethereum started taking off. There was a time when Bitcoin's price was stagnation and that is when people started chasing alts for higher returns. Now, when we have momentum, the money is flowing back into Bitcoin.

[BTCMILLIONAIRE]

I doubt whether the dominance will jump back to the 80-90% we had before Ethereum started taking off. There was a time when Bitcoin's price was stagnation and that is when people started chasing alts for higher returns. Now, when we have momentum, the money is flowing back into Bitcoin.

It probably won't, due to the immense increase in altcoin projects, which will be getting bigger and bigger and thus decreasing Bitcoin's overall share of the market.

[eminemcookie]

I doubt whether the dominance will jump back to the 80-90% we had before Ethereum started taking off. There was a time when Bitcoin's price was stagnation and that is when people started chasing alts for higher returns. Now, when we have momentum, the money is flowing back into Bitcoin.

It probably won't, due to the immense increase in altcoin projects, which will be getting bigger and bigger and thus decreasing Bitcoin's overall share of the market.

It's inevitable given time that bitcoins overall market dominance will fall, despite it having a resurrection of sorts the last few weeks. It is one coin vs an ever growing amount which is over 1000 now, it is simple math to notice that bitcoin faces a tremendous battle to retain such market dominance.

[BTCMILLIONAIRE]

I doubt whether the dominance will jump back to the 80-90% we had before Ethereum started taking off. There was a time when Bitcoin's price was stagnation and that is when people started chasing alts for higher returns. Now, when we have momentum, the money is flowing back into Bitcoin.

It probably won't, due to the immense increase in altcoin projects, which will be getting bigger and bigger and thus decreasing Bitcoin's overall share of the market.

It's inevitable given time that bitcoins overall market dominance will fall, despite it having a resurrection of sorts the last few weeks. It is one coin vs an ever growing amount which is over 1000 now, it is simple math to notice that bitcoin faces a tremendous battle to retain such market dominance.

Bitcoin is most likely still going to be the single biggest coin for a long time, but your observation is spot on. One coin can't possibly have more shares than the entire rest of the market now that the mainstream is slowly getting ready to join.

[cryp24x]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

I think the hype of the fork is coming into effect.  The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them.

[BTCMILLIONAIRE]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

I think the hype of the fork is coming into effect.  The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them.

Yes, exact same thing that happened during the Bitcoin Cash fork.

On top of that the crypto market is getting bigger since Bitcoin is in the news almost every day now.

[webtricks]

For every major rise or fall in Bitcoin prices, there lies some reason apart from growing demand or speculation. Both of these are outcomes of the reason, not the reason theirselves.
This time it's fork which making Bitcoin going upward. Not only Bitcoin Gold but S2X too. People are buying now so that they will be able to get benefits (free money) after the fork. Also media at whole targetting now that Bitcoin will rise even more after fork. So the present hike is due to large influx of new investors.

[criz2fer]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

I think the hype of the fork is coming into effect.  The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them.

Yes, exact same thing that happened during the Bitcoin Cash fork.

On top of that the crypto market is getting bigger since Bitcoin is in the news almost every day now.

This could be a major pump after the fork or a dump. Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today. Many people are still asking, what is bitcoin?  I think crypto market will still rise in the future

[Bitcotalk]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

I'm not sure about the $ 10,000 value this year, but I believe the bitcoin will not stop here, so many people think bitcoin will be back $ 4000 after its spike, but I suppose it's impossible. bitcoin will continue to go up.

Exactly there is nothing bad if we say about bitcoin that it will cross minimum of $8000 and you will see this will happen in the end of this year.

For now, how many forks hit the bitcoin still the rehabilitative rate was always less than the last fork’s. So bitcoin will be continuing to grow more and more in international market of crypto, no matter how many hard forks are hitting it.

[BTCMILLIONAIRE]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

I think the hype of the fork is coming into effect.  The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them.

Yes, exact same thing that happened during the Bitcoin Cash fork.

On top of that the crypto market is getting bigger since Bitcoin is in the news almost every day now.

This could be a major pump after the fork or a dump. Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today. Many people are still asking, what is bitcoin?  I think crypto market will still rise in the future

Of course everyone will stick with Bitcoin. Nobody cared about Cash or Gold to begin with. They're just alts that try to use the Bitcoin name for their own gain.

Anyway, we're probably going to see Bitcoin go down a little while altcoins start pumping after the fork.

[rockyram]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

I think the hype of the fork is coming into effect.  The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them.

Yes, exact same thing that happened during the Bitcoin Cash fork.

On top of that the crypto market is getting bigger since Bitcoin is in the news almost every day now.

This could be a major pump after the fork or a dump. Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today. Many people are still asking, what is bitcoin?  I think crypto market will still rise in the future

Of course everyone will stick with Bitcoin. Nobody cared about Cash or Gold to begin with. They're just alts that try to use the Bitcoin name for their own gain.

Anyway, we're probably going to see Bitcoin go down a little while altcoins start pumping after the fork.

Yes ,Bitcoin regaining dominance . Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today and The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them .

[neurotypical]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

I think the hype of the fork is coming into effect.  The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them.

Yes, exact same thing that happened during the Bitcoin Cash fork.

On top of that the crypto market is getting bigger since Bitcoin is in the news almost every day now.

This could be a major pump after the fork or a dump. Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today. Many people are still asking, what is bitcoin?  I think crypto market will still rise in the future

Of course everyone will stick with Bitcoin. Nobody cared about Cash or Gold to begin with. They're just alts that try to use the Bitcoin name for their own gain.

Anyway, we're probably going to see Bitcoin go down a little while altcoins start pumping after the fork.

Bitcoin regaining dominance  are . Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today and The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them .

I doubt Bitcoin Gold is going to be worth more than $200. If BCash has been dumped so hard to $300, even with all the shilling from Roger Ver in Bitcoin.com and the rest of actors with social media influence shilling it... how can this BGold fork reach any level of relevancy?

I think it's not even going to be worth 3 figures and most people aren't even going to bother to risk making a mistake with their cold storage for such a low price. Maybe if you don't have many BTC you don't care, but people that have 5+ figures invested are taking a risk each time they have to change their cold storage in its entirety to access the forked coins.

[BTCMILLIONAIRE]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

I think the hype of the fork is coming into effect.  The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them.

Yes, exact same thing that happened during the Bitcoin Cash fork.

On top of that the crypto market is getting bigger since Bitcoin is in the news almost every day now.

This could be a major pump after the fork or a dump. Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today. Many people are still asking, what is bitcoin?  I think crypto market will still rise in the future

Of course everyone will stick with Bitcoin. Nobody cared about Cash or Gold to begin with. They're just alts that try to use the Bitcoin name for their own gain.

Anyway, we're probably going to see Bitcoin go down a little while altcoins start pumping after the fork.

Bitcoin regaining dominance  are . Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today and The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them .

I doubt Bitcoin Gold is going to be worth more than $200. If BCash has been dumped so hard to $300, even with all the shilling from Roger Ver in Bitcoin.com and the rest of actors with social media influence shilling it... how can this BGold fork reach any level of relevancy?

I think it's not even going to be worth 3 figures and most people aren't even going to bother to risk making a mistake with their cold storage for such a low price. Maybe if you don't have many BTC you don't care, but people that have 5+ figures invested are taking a risk each time they have to change their cold storage in its entirety to access the forked coins.

This. I didn't even bother riding the Bitcoin pump just for Bitcoin Gold.

[tiggytomb]

A major reason behind this is the upcoming bitcoin gold fork, people know what happened last time and don't want to pass up the opportunity for free cash.

Rest assured this will change once people have got their gold and start moving back to their alts.

[TheAndy500]

A major reason behind this is the upcoming bitcoin gold fork, people know what happened last time and don't want to pass up the opportunity for free cash.

Rest assured this will change once people have got their gold and start moving back to their alts.

This is just a temporary breakdown of the market by people who are just trying to get as in prior years free dollars depending on the size of their wallet.

[Capt00]

yes bitcoin back to top peak because it is from yesterday ETH which incessantly develop its technology. if only bitcoin can work with token or altcoin or develop new bitcoin-based products then bitcoin will always be number 1.

BTC will always be on top itself because rest of the altcoin are created based on the this technology and the concept of btc. Yes there are many coins which are trying to be somewhere reaching near btc but yet the no 2 coin is ETH which is still far away anywhere even to bitcoin.

We can't deny that bitcoin have power and it is strong enough to compete and crash down other coins in the market. Because in the heart and trust of most people in the community are in bitcoin, picking-up other coins is just their 2nd option. That's why bitcoin would still dominating against others.

[Mometaskers]

Bitcoin has always been the dominant crypto anyway. I agree that the rise maybe in anticipation of the coming fork but I don't really see bitcoins going really down after that.

Me, I'd probably just avoid buying now because of the high price. I'm not even sure if I'll make a profit out of that Bitcoin Gold. Might as well prepare for the drop after people have got their fill and dumped their bitalt.

[amaral1977]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

REGAINING? it would mean that it ever lost it. It didn´t there was a crazy alt coin bubble and  crazier ICO bubble. Those are stabilizing with lots of money being back in BTC . To add to this is the new money that keeps coming for more conservative financial areas. that can only lead to BTC growing. Now i´m waiting for the next big correction with a dip of 2 or 3k to stack up. Till then is keep trading and working hard.

[Fireblade]

A major reason behind this is the upcoming bitcoin gold fork, people know what happened last time and don't want to pass up the opportunity for free cash.

Rest assured this will change once people have got their gold and start moving back to their alts.

But i do not think that it is conform that even this time people will get free bitcoin gold.  Although most of the people are expecting it but i think that it is not conform. I think the present increase in price of bitcoin is also because of the speculation of the people about bitcoin cash. I think after hard fork we can expect a little correction which will drop the price of bitcoin to a little low value and after correction the price of bitcoin will once again start increasing.

[BunnyShibe]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

I think the hype of the fork is coming into effect.  The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them.

Yes, exact same thing that happened during the Bitcoin Cash fork.

On top of that the crypto market is getting bigger since Bitcoin is in the news almost every day now.

This could be a major pump after the fork or a dump. Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today. Many people are still asking, what is bitcoin?  I think crypto market will still rise in the future

Of course everyone will stick with Bitcoin. Nobody cared about Cash or Gold to begin with. They're just alts that try to use the Bitcoin name for their own gain.

Anyway, we're probably going to see Bitcoin go down a little while altcoins start pumping after the fork.

Yes ,Bitcoin regaining dominance . Although bitcoin cash fork was made, does it become reliable? Does it improve? What will happen after bitcoin gold? People are still sticking to bitcoin because many investors are buying bitcoin because of its known popularity today and The news about Bitcoin Gold and the value or profit that a bitcoin holder can take once fork is done.  Probably greed is driving Bitcoin market upward since more bitcoin means more coins on the forked chain which means a profit for them .

But I do not think that bitcoin ever lost its dominancy. I think bitcoin was number one crypto currency and is still as number one. I am sure that even in future bitcoin will remain as number one currency because the users of bitcoin are increasing more as compare to any other crypto currency, In fact people are more confident while they investing money in bitcoin. Although some time they even trade other crypto currencies, but still they consider bitcoin as the main crypto currency.

[n0ne]

A major reason behind this is the upcoming bitcoin gold fork, people know what happened last time and don't want to pass up the opportunity for free cash.

Rest assured this will change once people have got their gold and start moving back to their alts.

But i do not think that it is conform that even this time people will get free bitcoin gold.  Although most of the people are expecting it but i think that it is not conform. I think the present increase in price of bitcoin is also because of the speculation of the people about bitcoin cash. I think after hard fork we can expect a little correction which will drop the price of bitcoin to a little low value and after correction the price of bitcoin will once again start increasing.

Price correction takes place, along with that people getting bitcoin gold into their wallets too have increased possibility. This has been speculated by lot many users around the forum, from the combined data majority users mentioned that bitcoin gold gets distributed. This is not the dominance. This is all about the periodic growth and in reality no other assets can dominate bitcoin.

[geopolisch]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

[IM G]http://i64.tinypic.com/dh4xx.jpg[/img]

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.

This is no doubt a very good news for all those who are having bitcoins in their wallets and it will help bitcoin to earn a very good reputation in the coming days. Bitcoin is indeed a very good thing. We only need to understand this thing and we need to learn more about bitcoin.

With each passing day, the number of people investing in bitcoin will be increased because more people will be knowing about bitcoin and it will help bitcoin in earning better name.

[streetlight]

Bitcoin is definitely regaining dominance because the price keeps pushing past whatever people think it will stop at.  Year after year it exceeds peoples expectations.

[Kevin13]

It keeps on dominating the blockchain nowadays because bitcoin  is really gaining some popularity and I think for the long term it will be in its dominance so no doubt no one could down btc even other altcoins keep on rising it will do the same also.

[asha18]

Nobody wants to lose the invested money. If Bitcoin loses its value the Altcoins in General will die. I think that bitcoins has not really ever loss its dominance over the other alt coins but ethereum did come close to overcome bitcoins

[aoihs00]

A major reason behind this is the upcoming bitcoin gold fork, people know what happened last time and don't want to pass up the opportunity for free cash.

Rest assured this will change once people have got their gold and start moving back to their alts.

This is just a temporary breakdown of the market by people who are just trying to get as in prior years free dollars depending on the size of their wallet.

And we all thought that people are being responsible trades and investors. They have got all the sense of not getting panicked in this situation. If we think it in different perspective then it’s only cash, money, free things that can motivate people to keep up their investent otherwise they will be crazy to sell their bitcoin even at -50% loss and yes that happened already in the past as you guys spoke. I’m pretty sure that people go panic again and we will see rise of altcoins again. :-)

[michkima]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

[I M G ]http://i64.tinypic.com/dh4xx.jpg[/img]

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

If you have checked, history is just repeating itself. The fact the prices are booming in bitcoins, investors are moving away from altcoins. Then if bitcoins are going down, they are all buying cheap altcoins. It's like a seesaw, when one falls the other rises. This has been the case for a while now. You'll see when prices go down in bitcoins then altcoins will again rise. So this is the best time to buy those cheap alts.

[Sled]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

[I M G ]http://i64.tinypic.com/dh4xx.jpg[/img]

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

If you have checked, history is just repeating itself. The fact the prices are booming in bitcoins, investors are moving away from altcoins. Then if bitcoins are going down, they are all buying cheap altcoins. It's like a seesaw, when one falls the other rises. This has been the case for a while now. You'll see when prices go down in bitcoins then altcoins will again rise. So this is the best time to buy those cheap alts.

I agree that the market of the cryptocurrencies are just like seesaw because right now they are in the side of bitcoin because they saw that the price of bitcoin is going up and it is better to stay and be safe in the side of bitcoin because anytime the prices of altcoins can go down hard and if they will not be able to manage the risk of altcoin investment and trading then they will become loser so it is best to stay at being neutral.

[ajmapalo22]

I think this is just proper for bitcoin to gain dominance since it is consider to be the mother of all crypto currencies. Bitcoin grows higher because of the increasing demand it has nowadays I can see that many people are now into digital currency because of the opportunity they get in investment, they were able to earn additional income some were able to invest big amount in later years that's why they were able to harvest good profit on bitcoin investment.

[frowsiter]

The dominance will always be there because people trust bitcoin more than alts. It’s not just trust but the value that bitcoin carries since long time. People know that they are holding alts but they are not going to be hiked much more than couple of hundred bucks but in case of bitcoin and with long term period bitcoin can change the reality of investment. The dominance will stay as it is as long whole crypto community doesn’t put their stakes on different coins. And as far as we know the chances of happening this are very less. So enjoy the bitcoin dominance as it is rising day by day.

[BTCMILLIONAIRE]

The dominance will always be there because people trust bitcoin more than alts. It’s not just trust but the value that bitcoin carries since long time. People know that they are holding alts but they are not going to be hiked much more than couple of hundred bucks but in case of bitcoin and with long term period bitcoin can change the reality of investment. The dominance will stay as it is as long whole crypto community doesn’t put their stakes on different coins. And as far as we know the chances of happening this are very less. So enjoy the bitcoin dominance as it is rising day by day.

Nothing is "always" there and it doesn't take very long for a superior coin to build the trust required to topple Bitcoin. It could even happen in the late 2020s, although that's currently very unlikely since Bitcoin is still the entry into the altcoin world.

[wuvdoll]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

Same here. I was also surprised. My main job on Bitcoin is working and getting paid, and I don’t even get chance to check out what the price is or all those stuffs, but today I just checked and it was already at the rate of $6,158.27. Now I am also sure price of bitcoin will definitely will test $10,000 levels before end of this year. Fasten your belts to get ready.

[deisik]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

There can be a few explanations

For example, one of these explanations may be about a concerted effort of some market entities to bring down the Bitcoin domination via altcoins as well as Bitcoin clones which coincided with the controversy heating up in the Bitcoin camp during the months you mentioned. Obviously, this effort has failed (at least, for now), and people started going back to Bitcoin from the altcoins they bought earlier. Whether we will see more such efforts is open to debate (this largely depends on how well Bitcoin goes along), but today Bitcoin has proved its market domination

[BTCMILLIONAIRE]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

Same here. I was also surprised. My main job on Bitcoin is working and getting paid, and I don’t even get chance to check out what the price is or all those stuffs, but today I just checked and it was already at the rate of $6,158.27. Now I am also sure price of bitcoin will definitely will test $10,000 levels before end of this year. Fasten your belts to get ready.

Yeah, all the ludicrous predictions sound less and less insane.

[Kakawate]

I think, bitcoin will always be dominant to all other cryptocurrencies, with its price being on top with a miles rate away from the second highest coin, its gonna be hard to surpass that or even to equate it. Knowing that bitcoin has lots of investors and most eyes of people in the cryotoworld are on bitcoin, it adds to the dominance of bitcoin. I think bitcoin is just gonna keep on moving forward, increasing its rate to nobody can tell.

[eternalgloom]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

--image--

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

There can be a few explanations

For example, one of these explanations may be about a concerted effort of some market entities to bring down the Bitcoin domination via altcoins as well as Bitcoin clones which coincided with the controversy heating up in the Bitcoin camp during the months you mentioned. Obviously, this effort has failed (at least, for now), and people started going back to Bitcoin from the altcoins they bought earlier. Whether we will see more such efforts is open to debate (this largely depends on how well Bitcoin goes along), but today Bitcoin has proved its market domination

I think this is all just temporary due to the news regarding the upcoming forks, people have been highly incentivized to hold onto their Bitcoin so they can cash out after the forks have taken place.

I would discount altcoins just yet in terms of market dominance, ETH is still a strong contender with almost as much dominance as Bitcoin.

[BTCMILLIONAIRE]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

--image--

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

There can be a few explanations

For example, one of these explanations may be about a concerted effort of some market entities to bring down the Bitcoin domination via altcoins as well as Bitcoin clones which coincided with the controversy heating up in the Bitcoin camp during the months you mentioned. Obviously, this effort has failed (at least, for now), and people started going back to Bitcoin from the altcoins they bought earlier. Whether we will see more such efforts is open to debate (this largely depends on how well Bitcoin goes along), but today Bitcoin has proved its market domination

I think this is all just temporary due to the news regarding the upcoming forks, people have been highly incentivized to hold onto their Bitcoin so they can cash out after the forks have taken place.

I would discount altcoins just yet in terms of market dominance, ETH is still a strong contender with almost as much dominance as Bitcoin.

Bitcoin is the entry into crypto trading though, in most places. You can't always buy other coins with fiat first, and even when you can, you usually need to go through Bitcoin to trade most coins. A lot can be traded with Ethereum as well, but Bitcoin gives more access.

[neurotypical]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

The altcoin bubble of june 2017 was really ridiculous, mostly driven by the delusional "ethereum flippening" where ETH bagholders thought that they would be able to dethrone bitcoin, but obviously that's just not happening. Most of that dip on the graph was that, maybe some big pumps seen in Monero and Ripple, but it wasn't anything with solid fundamentals, just alt speculation.

Now that wall street money is going in and the altcoin bubble reached it's top we are going to hit more all time highs soon on bitcoin.

[BTCMILLIONAIRE]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

The altcoin bubble of june 2017 was really ridiculous, mostly driven by the delusional "ethereum flippening" where ETH bagholders thought that they would be able to dethrone bitcoin, but obviously that's just not happening. Most of that dip on the graph was that, maybe some big pumps seen in Monero and Ripple, but it wasn't anything with solid fundamentals, just alt speculation.

Now that wall street money is going in and the altcoin bubble reached it's top we are going to hit more all time highs soon on bitcoin.

That does show how fragile Bitcoin can be though. Once a coin with better technology and strong marketing behind it shows up Bitcoin could find itself trounced sooner than anybody would expect.

[Pleione527]

I agree that the price correction in bitcoin is taking place now that's why the value keeps appreciating day by day and even the upcoming hard fork does not affect bitcoin price negatively, I think it is fair for bitcoin to gain dominance over other alts besides it is really obvious that the market gap of bitcoin is really far behind those alts.

[szpalata]

I agree that the price correction in bitcoin is taking place now that's why the value keeps appreciating day by day and even the upcoming hard fork does not affect bitcoin price negatively, I think it is fair for bitcoin to gain dominance over other alts besides it is really obvious that the market gap of bitcoin is really far behind those alts.

Of course recent history always tells us that no matter how low it tumbles bitcoin always rises back up and regain more value and that is exactly what has repeated again and so i'm not surprised it is gaining dominance because that has been its stock in trade.

[ObscurePen]

Yeah, Bitcoin’s market price seems to be rising. Its price has jumped phenomenal amount in the past month. I am willing to wager that the reason for this increase in market dominance is because of the Bitcoin hard fork coming up. I am expecting Bitcoin price to hype like hell for the next week. Everyone would want to gain some free money from Bitcoin gold. Therefore, most people would be converting all their cryptocurrency reserves into Bitcoin for the hard fork. This means an increased demand and our block reward doesn’t produce enough supply to compete with demand. Therefore, Bitcoin’s market dominance increase.

[bitgolden]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

well, despite the existence of the second fork issue, but prices are sky rocket.
I think most people want to save bitcoin in some time to get the Bitcoin Gold bonus

This is indeed a very good news for all those who are having bitcoins in their wallets and are investing in bitcoin one way or the other. Bitcoin is no doubt the most profitable coin not only in the world of crypto currencies but it is very much beneficial than most of the paper currencies as well. Investing in bitcoin is the smartest decision and it will help you earn avery good amount of profit.

[zeaderza]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

Same here. I was also surprised. My main job on Bitcoin is working and getting paid, and I don’t even get chance to check out what the price is or all those stuffs, but today I just checked and it was already at the rate of $6,158.27. Now I am also sure price of bitcoin will definitely will test $10,000 levels before end of this year. Fasten your belts to get ready.

Yeah, all the ludicrous predictions sound less and less insane.

It is just the matter of time which decides most of the things. Bitcoin is no doubt a very profitable thing and the ones who are investing in bitcoin now will surely be able to earn a very good amount of money in the future. Bitcoin is the top ranked crypto currency and decrease in market price for some short period of time doesn’t actually change the worth of something.

[BTCMILLIONAIRE]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

Same here. I was also surprised. My main job on Bitcoin is working and getting paid, and I don’t even get chance to check out what the price is or all those stuffs, but today I just checked and it was already at the rate of $6,158.27. Now I am also sure price of bitcoin will definitely will test $10,000 levels before end of this year. Fasten your belts to get ready.

Yeah, all the ludicrous predictions sound less and less insane.

It is just the matter of time which decides most of the things. Bitcoin is no doubt a very profitable thing and the ones who are investing in bitcoin now will surely be able to earn a very good amount of money in the future. Bitcoin is the top ranked crypto currency and decrease in market price for some short period of time doesn’t actually change the worth of something.

I wonder how many people are actually investing though. Most people who I know either know nothing about crypto or don't invest in it. I know only three people who have bought Bitcoin and only two of them bought some other cryptos as well. Everyone else doesn't seem to really care. Their loss I guess.

[Webetcoins]

I think, bitcoin will always be dominant to all other cryptocurrencies, with its price being on top with a miles rate away from the second highest coin, its gonna be hard to surpass that or even to equate it. Knowing that bitcoin has lots of investors and most eyes of people in the cryotoworld are on bitcoin, it adds to the dominance of bitcoin. I think bitcoin is just gonna keep on moving forward, increasing its rate to nobody can tell.

Umm yeah the dominance of the bitcoin is increasing and the price and the importance of the bitcoin will keep on increasing day by day because now a lot of the people are having the high amount of the bitcoin and they are spending the money in bitcoin to increase the popularity of the bitcoin, bitcoin market value and the price is now very high and the value will keep on increasing.

[Biggapp]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

It's mostly because of the upcoming fork and the expectation of free money like during the last one.

Agree with what you have said. With the upcoming fork, for sure most of the users of digital currencies will be holding bitcoins more rather than altcoins. The faith in bitcoin never disappear. Altcoins are just used for more and faster profits. But when it comes to superiority, bitcoin is indeed trusted by many.

Lol plus the hopes of getting free bitcoin gold. A lot of people earned easy money with bitcoin cash the last hardfork and who wouldn't want free money right? If there's even going to be a drop in price, it won't be that drastic to cause concern

Yes it is good to use the bitcoin if you want to make the high income in very short time, people are using the bitcoin and they are having the high income from the bitcoin, I hope one day I will be able. I hold the bitcoin and I am hoping for the good income with my bitcoin. I love the easy and the smart income of the bitcoin, I like to buy the bitcoin and I hope soon you will be able to buy bitcoin for the saving purpose.

[jaysabi]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Bitcoin's dominance is a function of every other coin's collective market cap, so primarily what was causing the fall was the surge in ETH. When ETH was surging, it was more profitable to hop on that train for awhile, and new money coming in to the market was choosing that over BTC in the hopes of fast cash. The trend seems to be reversing now, as ETH is losing ground and new money is once again choosing BTC over the rest of the alts. This type of action is momentum-based and a sort of self-fulfilling prophecy. Everyone wants to own the fastest growing coin, and by chasing momentum, they help to create and maintain it. I would expect the pendulum to start to swing back at a point, unless the altcoins were just a fad that are on the way out. My opinion is everyone trading crypto is too addicted to this form of gambling, and they won't let altcoins die. Too much money to be made trading them, which is why I expect to see BTC dominance start to wane again at some point rather than increase or maintain its present level indefinitely.

[bitllionaire]

I agree that the price correction in bitcoin is taking place now that's why the value keeps appreciating day by day and even the upcoming hard fork does not affect bitcoin price negatively, I think it is fair for bitcoin to gain dominance over other alts besides it is really obvious that the market gap of bitcoin is really far behind those alts.

Yes that is right that there is no negative effect of upcoming fork on the price of bitcoin. In fact bitcoin gained a high value in last few days, therefore it is now expected that the price of bitcoin will take a little correction, therefore we can see a little dump in the price of bitcoin, but i am sure that it will not be for a long time and very soon the price of bitcoin will recover its position. Because bitcoin still have good potential to increase its price.

[MiF]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

This is because bitcoin is continue gaining popularity that inspite of many challenges that bitcoin have experience, that instead of fall down the result become opposite in which the value become more stable and strong. Most of the People witness those challenges and some of them monitored it well so after the positive outcome people are more convinced that bitcoin is a promising investment resulting to more investments are now pouring in.

[konco_kenthel]

I think bitcoin quality price very promising although arise various problems such as segwit definitely not able to make the dominance of bitcoin decreased because still a lot of interested persons as one of the type of coins a very nice of altcoin other current began to appear.

[Lumada]

I think bitcoin quality price very promising although arise various problems such as segwit definitely not able to make the dominance of bitcoin decreased because still a lot of interested persons as one of the type of coins a very nice of altcoin other current began to appear.

bitcoin still have it's way to arise among other crypto, it doesn't get late or been too dumped to forget, it was highly used in doing transactions that makes it more in demand like some corrections that offers freebies and mass adoption for convenience.

[Polar91]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

It is literally normal and just fine that bitcoin is really making it to the top of reaching such a great pump and rise into its price rate despite of all the odds and issues that it has encountered few days, weeks and even months ago. This just imply that bitcoin is really dominating and slowly but surely rising making it more beneficial for its users with the help of the rise of the demands and support from all the potential investors that got into bitcoin.

[Lomberjack]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

It is just a tough proof that despite all odds and circumstances bitcoin has face within the past days, weeks and even months, still bitcoin is capable of regaining its loss and making its price rate rise into peak once again specially it has already reached the highest price which is equivalent to $6,000 from the year it was existed which makes it a history and an implication that bitcoin can make it more to the top and an implication that many potential investors and consumers are still on bitcoin making the demands high and rises the price rate.

[UzumakiSakuragi]

I think bitcoin is a bery strong cryptocurrency, and that it will continue to dominate the market and nothing can stop it now from increasing iys rate. I think bitcoin has been a bery promising coin since it has started, and now the people who invested in it are now enjoying their profit.

[Yamifoud]

I think bitcoin is a bery strong cryptocurrency, and that it will continue to dominate the market and nothing can stop it now from increasing iys rate. I think bitcoin has been a bery promising coin since it has started, and now the people who invested in it are now enjoying their profit.

Your right, even though a lot of crisis and attacks happened  to bitcoin but still can managed to face it. Actually, we are the one who made this coin into stronger and better from others. As the community fully support with crypto, the more bitcoin will get crash others and soar over them.

[bakkang]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

[Sled]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

As much as you can, just enjoy the every little piece of the profit that you can get in bitcoin or else you will regret it. As of now, yes it is the best among the cryptocurrencies because of the benefits and the opportunities that we can get in bitcoin but there will be a time that bitcoin will be over performed by another cryptocurrency which is better so as of now, let just enjoy the things that we can enjoy in bitcoin.

[deisik]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

--image--

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

There can be a few explanations

For example, one of these explanations may be about a concerted effort of some market entities to bring down the Bitcoin domination via altcoins as well as Bitcoin clones which coincided with the controversy heating up in the Bitcoin camp during the months you mentioned. Obviously, this effort has failed (at least, for now), and people started going back to Bitcoin from the altcoins they bought earlier. Whether we will see more such efforts is open to debate (this largely depends on how well Bitcoin goes along), but today Bitcoin has proved its market domination

I think this is all just temporary due to the news regarding the upcoming forks, people have been highly incentivized to hold onto their Bitcoin so they can cash out after the forks have taken place.

I would discount altcoins just yet in terms of market dominance, ETH is still a strong contender with almost as much dominance as Bitcoin

But isn't Ethereum just yet another altcoin?

Though I agree that other altcoins (like Litecoin) are not strong competitors to Bitcoin so far, and it remains to be seen if they will ever be. That said, we should not forget about Bitcoin Cash either. Its price is still very high compared to other coins (apart from the regular Bitcoin itself, obviously), and this is a separate issue which needs its own explanation. Should we consider it as an altcoin in its own right? Then why is its price so high? Or should we rather think of it as Bitcoin's evil twin, so to speak?

[Zenithar]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

[Semaj123]

This is due to many big online stores are now accepting bitcoin.And this will continue to dominate through years,due to many will adopt bitcoin.Its always be the leader of all cryptocurrency and nothing will defeat it.

[Vikingr]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

Same here. I was also surprised. My main job on Bitcoin is working and getting paid, and I don’t even get chance to check out what the price is or all those stuffs, but today I just checked and it was already at the rate of $6,158.27. Now I am also sure price of bitcoin will definitely will test $10,000 levels before end of this year. Fasten your belts to get ready.

Yeah, all the ludicrous predictions sound less and less insane.

It is just the matter of time which decides most of the things. Bitcoin is no doubt a very profitable thing and the ones who are investing in bitcoin now will surely be able to earn a very good amount of money in the future. Bitcoin is the top ranked crypto currency and decrease in market price for some short period of time doesn’t actually change the worth of something.

I wonder how many people are actually investing though. Most people who I know either know nothing about crypto or don't invest in it. I know only three people who have bought Bitcoin and only two of them bought some other cryptos as well. Everyone else doesn't seem to really care. Their loss I guess.

It is a matter of location basically. People around you might be unaware of bitcoin due to under development or anything like this. Developed countries are more into BTC because their people are into technology. However, it is not something to be worried about. Bitcoin as well as other crypto coins are making progress and they will soon reach every person out there. No doubt, still a large portion of world population is unaware of digital currencies.

[_Dawid_]

I think that the whole changes which we are able to observe lately are caused by bitcoin fork. You should wait few days r probably even week to see it how it look like for real. Maybe this change will be continued maybe not. Regaining dominace by bitcoin is truth but better wait a couple of days and see the wider chart and then infer from numbers.

[Sled]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

Same here. I was also surprised. My main job on Bitcoin is working and getting paid, and I don’t even get chance to check out what the price is or all those stuffs, but today I just checked and it was already at the rate of $6,158.27. Now I am also sure price of bitcoin will definitely will test $10,000 levels before end of this year. Fasten your belts to get ready.

Yeah, all the ludicrous predictions sound less and less insane.

It is just the matter of time which decides most of the things. Bitcoin is no doubt a very profitable thing and the ones who are investing in bitcoin now will surely be able to earn a very good amount of money in the future. Bitcoin is the top ranked crypto currency and decrease in market price for some short period of time doesn’t actually change the worth of something.

I wonder how many people are actually investing though. Most people who I know either know nothing about crypto or don't invest in it. I know only three people who have bought Bitcoin and only two of them bought some other cryptos as well. Everyone else doesn't seem to really care. Their loss I guess.

It is a matter of location basically. People around you might be unaware of bitcoin due to under development or anything like this. Developed countries are more into BTC because their people are into technology. However, it is not something to be worried about. Bitcoin as well as other crypto coins are making progress and they will soon reach every person out there. No doubt, still a large portion of world population is unaware of digital currencies.

I agree to that. There is no doubt that the cryptocurrencies are making progress and slowly but surely they are getting notice by the people in different parts of the world. Bitcoin as well as the other cryptocurrencies are known as a good form of money and because of their progress it will be the reason for them to be popular and if the people will recognize the popularity of bitcoin then they will get curios and they will try bitcoin and use it by themselves.

[Izarok]

Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.

[Hamstead]

It keeps on dominating the blockchain nowadays because bitcoin  is really gaining some popularity and I think for the long term it will be in its dominance so no doubt no one could down btc even other altcoins keep on rising it will do the same also.

Having hardfork happen last Oct 25, still doesn't give a huge impact to its price. This means that bitcoin still have a power to dominate, not only of being popular but it have a strong foundation in the world of crypto and in the community. Because people already know that bitcoin is a gaining and potentially profitable investment that no other altcoins can compete to bitcoin.

[BTCMILLIONAIRE]

I was shocked when I opened the wallet and it turns out the price of 1 btc = $ 6024, I wonder if that makes the price skyrocket to $ 6024, whereas a week ago the price was only about $ 5200. It looks like the $ 10,000 price will be achieved this year.

Same here. I was also surprised. My main job on Bitcoin is working and getting paid, and I don’t even get chance to check out what the price is or all those stuffs, but today I just checked and it was already at the rate of $6,158.27. Now I am also sure price of bitcoin will definitely will test $10,000 levels before end of this year. Fasten your belts to get ready.

Yeah, all the ludicrous predictions sound less and less insane.

It is just the matter of time which decides most of the things. Bitcoin is no doubt a very profitable thing and the ones who are investing in bitcoin now will surely be able to earn a very good amount of money in the future. Bitcoin is the top ranked crypto currency and decrease in market price for some short period of time doesn’t actually change the worth of something.

I wonder how many people are actually investing though. Most people who I know either know nothing about crypto or don't invest in it. I know only three people who have bought Bitcoin and only two of them bought some other cryptos as well. Everyone else doesn't seem to really care. Their loss I guess.

It is a matter of location basically. People around you might be unaware of bitcoin due to under development or anything like this. Developed countries are more into BTC because their people are into technology. However, it is not something to be worried about. Bitcoin as well as other crypto coins are making progress and they will soon reach every person out there. No doubt, still a large portion of world population is unaware of digital currencies.

I attend one of the most renowned universities in the world, so development is not an issue whatsoever. That's what makes it so surprising to me that so few people are actively involved in crypto around me, since they are the first that would come to mind when thinking about crypto (tech and science nerds with finance backgrounds).
But just as you've said, it's their loss. I can't do any more than talk about it when they ask. If they don't want to join the party now I'll just have to hope that they won't bug me for money or presents later. Otherwise I'll have to look for new friends, since I don't like it when people who ignore opportunities that were thrown right in their face end up complaining in retrospection.

[bitgolden]

I agree that the price correction in bitcoin is taking place now that's why the value keeps appreciating day by day and even the upcoming hard fork does not affect bitcoin price negatively, I think it is fair for bitcoin to gain dominance over other alts besides it is really obvious that the market gap of bitcoin is really far behind those alts.

It is very important to be the bitcoin value increase more and more. The bright future of the bitcoin is increasing day by day and the income of the bitcoin will give the high profit if we will invest the money in it, the price of the bitcoin is being appreciated by the people who want to make the bright future with the bitcoin and the income as well.

[deisik]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

I guess this is no more than wishful thinking on your part

I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce

[kateryana81]

Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.

Since the time bitcoin was introduced to this world, I can only see the graph of bitcoin going up and up most of the times. There are only few occasions when the market price of bitcoin has decreased, but most of the times it was one and only bitcoin having the number 1 ranking amongst all other coins. At present, everyone is talking about bitcoin and it is bitcoin which is grabbing the attention of all of us.

[BTCMILLIONAIRE]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

I guess this is no more than wishful thinking on your part

I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce

Real life commerce does fuel speculation and demand though. If you could choose between two assets with similar returns and only one of them was easily and instantly exchangeable for goods, you would go with that one. So whether or not vendors use BitPay as a middleman or not is not relevant to the Bitcoin price and its adoption.

It's certainly true that most people wouldn't want to accept Bitcoins as a mean of payment directly though, since they rely on the liquidity of fiat.

[rockyram]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

I guess this is no more than wishful thinking on your part

I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce

Real life commerce does fuel speculation and demand though. If you could choose between two assets with similar returns and only one of them was easily and instantly exchangeable for goods, you would go with that one. So whether or not vendors use BitPay as a middleman or not is not relevant to the Bitcoin price and its adoption.

It's certainly true that most people wouldn't want to accept Bitcoins as a mean of payment directly though, since they rely on the liquidity of fiat.

This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat.

[BTCMILLIONAIRE]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

I guess this is no more than wishful thinking on your part

I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce

Real life commerce does fuel speculation and demand though. If you could choose between two assets with similar returns and only one of them was easily and instantly exchangeable for goods, you would go with that one. So whether or not vendors use BitPay as a middleman or not is not relevant to the Bitcoin price and its adoption.

It's certainly true that most people wouldn't want to accept Bitcoins as a mean of payment directly though, since they rely on the liquidity of fiat.

This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat.

Did you really just copy paste part of the quote as your post?

[atc1-REAL]

This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat.

Adding to this, btc prices are measured only by their market price. So in the present situation, being as volatile as btc is,a merchant would have to have a floating value based on the market instead of a fixed price which makes it much harder for traditional or smaller merchants to accept btc.

[deisik]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

I guess this is no more than wishful thinking on your part

I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce

Real life commerce does fuel speculation and demand though. If you could choose between two assets with similar returns and only one of them was easily and instantly exchangeable for goods, you would go with that one. So whether or not vendors use BitPay as a middleman or not is not relevant to the Bitcoin price and its adoption

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

Did you really just copy paste part of the quote as your post?

This dude should certainly get reported and banned

[deisik]

Adding to this, btc prices are measured only by their market price. So in the present situation, being as volatile as btc is,a merchant would have to have a floating value based on the market instead of a fixed price which makes it much harder for traditional or smaller merchants to accept btc.

I'm replying to your post since this is in fact my post that got copy-pasted by the dude you replied to

I have explained this issue a few times already. This is a sort of vicious circle or an evil feedback loop (you choose which). The price is volatile (and will remain volatile) because merchants and vendors are not accepting Bitcoin for real, i.e. they don't accept real bitcoins but are looking for fiat only as I made clear in my post, but they are not accepting it because its value fluctuates too much to make any real commerce possible. So we are basically stuck. Personally, I don't know of a viable solution how to break this self-sustaining loop of volatility, but others may have a different view or take on this situation and how to solve it

[zergenyt09]

Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.

Since the time bitcoin was introduced to this world, I can only see the graph of bitcoin going up and up most of the times. There are only few occasions when the market price of bitcoin has decreased, but most of the times it was one and only bitcoin having the number 1 ranking amongst all other coins. At present, everyone is talking about bitcoin and it is bitcoin which is grabbing the attention of all of us.

There is no doubt now, that bitcoin is the most emerging and dominant currency of the world. In international market you can easily see and observe that how bitcoin have made its place when there were so many strong currencies like dollar and others. For now, as you said, there is bitcoin spreading all over the world. You can go anywhere and some people must know about bitcoin.

[Rotsor]

Bitcoin is always regaining dominance after whatever FUD is thrown at it. Altcoins and forkcoins will be coming for Bitcoin and so will national currencies so there will be scammers everywhere.

[gabmen]

Bitcoin is always regaining dominance after whatever FUD is thrown at it. Altcoins and forkcoins will be coming for Bitcoin and so will national currencies so there will be scammers everywhere.

Well nothing actually comes close to bitcoin when it comes to crypro market and it probably will stay thay way for a long time. Though if we put it together with all regular currencies, i don't think bitcoin will fare the same way it does among other cryptos

[nethan1btc]

Bitcoin is always regaining dominance after whatever FUD is thrown at it. Altcoins and forkcoins will be coming for Bitcoin and so will national currencies so there will be scammers everywhere.

Well nothing actually comes close to bitcoin when it comes to crypro market and it probably will stay thay way for a long time. Though if we put it together with all regular currencies, i don't think bitcoin will fare the same way it does among other cryptos

Indeed bitcoin is now becoming the most dominant cryptocurrency in the market and the altcoins are just going below the bitcoin. It is also a strong indication that the people are now focusing in bitcoin more than the altcoins. If this will continue then we can easily see a 5 digit us dollar price in the market for bitcoin.

[BTCMILLIONAIRE]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

I guess this is no more than wishful thinking on your part

I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce

Real life commerce does fuel speculation and demand though. If you could choose between two assets with similar returns and only one of them was easily and instantly exchangeable for goods, you would go with that one. So whether or not vendors use BitPay as a middleman or not is not relevant to the Bitcoin price and its adoption

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

Did you really just copy paste part of the quote as your post?

This dude should certainly get reported and banned

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

[bitcoinisbest]

Bitcoin is always regaining dominance after whatever FUD is thrown at it. Altcoins and forkcoins will be coming for Bitcoin and so will national currencies so there will be scammers everywhere.

BTC will always remain on top irrespective of whatever new hard fork it creates or new coins keep coming. It will remain unmoved Only thing that can move will be the tough ask govt of each country will be taking regarding the adoption of bitcoin. If its positive then btc will rise or else it may fall.

[JL421]

It has been regaining again I'm happy that the price remained stable even after fork there was a small loss but it was solved quickly bitcoin will always rise we should just hold and wait never sell in a loss that is a always a dumb thing to do always hold even if you are in a loss

[Don Pedro Dinero]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes for now bitcoin is the unstoppable cryptocurrency among all cryptocurrencies. Many people is using bitcoin and a lot of people is now investing with bitcoin. The highest price of bitcoin is one proof that bitcoin is really the best.

I think bitcoin never ever lost its dominance, In fact bitcoin is dominant over all crypto currencies from very beginning and we can expect that it will remain as dominant for ever. Bitcoin is in fact the very first digital currency mainly created for online shopping etc but now we can see that it is even use in local shops for shopping. the shopkeepers interested to accept bitcoin for shopping. The popularity and importance of bitcoin is increasing from time to time, which is making the future of bitcoin more bright.

I guess this is no more than wishful thinking on your part

I refer to your claim that "now we can see that it is even use[d] in local shops for shopping" and "the shopkeepers [are] interested to accept bitcoin for shopping". This is not even close to being a half-truth. The shopkeepers are not interested in Bitcoin as a means of payment (though they can be interested in it as a vehicle for speculation). They are interested in fiat as they have always been. Were it not so, they would accept Bitcoin directly which they don't do since they use payment processors like BitPay and their likes to instantly convert the bitcoins people are paying for their goods and service into fiat. This is the harsh reality whether you like it or not, and you have to face it if you don't want to remain delusional. The popularity of Bitcoin comes via its use for speculation exclusively, not through real life commerce

Real life commerce does fuel speculation and demand though. If you could choose between two assets with similar returns and only one of them was easily and instantly exchangeable for goods, you would go with that one. So whether or not vendors use BitPay as a middleman or not is not relevant to the Bitcoin price and its adoption

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

Did you really just copy paste part of the quote as your post?

This dude should certainly get reported and banned

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I think the problem nowadays are commissions. I have only been into bitcoin a couple of moths but when I get information about the past years I see that commissions were pretty insignificant whereas nowadays I can pay a 0,70€ coffee with my mobile and if I had to pay it with bitcoin I would have to pay a commission, not so insignificant in terms of percentage.

I wouldn’t be surprised if bitcoin is used just for big transactions in the future and as a store of value, but it coexists with another alt for small transactions.

[Berk]

Bitcoin has never lost it's dominance. It's always been the most worth while cryptocurrency and always had the most valued. Many alt coins I think there is 1000 alt coins now listed on coinmarket and they are all directly competing with Bitcoin but none of even close to the value of Bitcoin

[terbetet]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

This regaining of dominance of bitcoin was just an implication that despite of many happenings and issues that bitcoin have faced on the past few months, days or weeks that bring it into dump like what just happened on the banning of bitcoin exchanges of China that has a great impact on the bitcoin price. After all that have happen, bitcoin have proven itself that no matter what happen, still bitcoin can regain its loss and show that it is capable of putting its price on its peak.

[usekevin]

It has been regaining again I'm happy that the price remained stable even after fork there was a small loss but it was solved quickly bitcoin will always rise we should just hold and wait never sell in a loss that is a always a dumb thing to do always hold even if you are in a loss

Now Bitcoin make a root to get into the Deep.Slowly the price of bitcoin gain is stability. Now it was stable at the value of 5700$.After the Fork the price will get stable at this price or 5500$.Not less then a 5000$,the value of bitcoin will decrease.Bitcoin is the King of all the Altcoin and Shine like a Star every day.

[BillCoin]

I believe that the main reason was that altcoins who went up really fast (like stratis who went about x100 in a month or so..) entered into a bubble, so the bubble was starting to explode once bitcoin has started to reach new all times high.

People started to sell off their alts to get back into bitcoins( because bitcoin went up, so they wanted to earn the price increase), it made the altcoins bubble explode, and I believe that most of them will never get back to the level they were when bitcoin was trading for about 2K$.

[BTCMILLIONAIRE]

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I think the problem nowadays are commissions. I have only been into bitcoin a couple of moths but when I get information about the past years I see that commissions were pretty insignificant whereas nowadays I can pay a 0,70€ coffee with my mobile and if I had to pay it with bitcoin I would have to pay a commission, not so insignificant in terms of percentage.

I wouldn’t be surprised if bitcoin is used just for big transactions in the future and as a store of value, but it coexists with another alt for small transactions.

Yeah, that's what bothers me about Bitcoin as well. The high transaction fees. I used to order pizza and other food online regularly, but now the fees are about $4 per order... which is 25-50% of a meal. Hopefully a few forks will resolve this issue.

[Md Saad]

Yeah, it's true that Bitcoin has come back strongly and day by day it is gaining its dominance in the digital currency platform. When the price of Bitcoin went down then many of us though that Bitcoin is terminating by itself but the scenario has been completely changed and Bitcoin has back strongly and regain to its field.
Not only that but also Bitcoin is becoming the most valuable currency in the digital monetary system.

[MinMan]

Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.

Since the time bitcoin was introduced to this world, I can only see the graph of bitcoin going up and up most of the times. There are only few occasions when the market price of bitcoin has decreased, but most of the times it was one and only bitcoin having the number 1 ranking amongst all other coins. At present, everyone is talking about bitcoin and it is bitcoin which is grabbing the attention of all of us.

There is nothing in this world which can actually keep bitcoin for becoming not dominant. It is none other than bitcoin which will remain dominant most of the times. There is no way that we can deny this fact that bitcoin is the future. Past few days are turning out to be the best days in the history of bitcoin and there are so many people who are showing their interest in bitcoin due to this.

[jpoker272727]

I think, bitcoin will always be dominant to all other cryptocurrencies, with its price being on top with a miles rate away from the second highest coin, its gonna be hard to surpass that or even to equate it. Knowing that bitcoin has lots of investors and most eyes of people in the cryotoworld are on bitcoin, it adds to the dominance of bitcoin. I think bitcoin is just gonna keep on moving forward, increasing its rate to nobody can tell.

We all have always known Bitcoin to be regaining its stand no matter whatever it is that happens, but the only reason we seem to draw back when all these kind of things are happening is because you can never tell what the future brings (if only we do) Bitcoin can end anytime, when you least expected it. So we’re being always being very careful.

[jennal]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

[Jating]

I think, bitcoin will always be dominant to all other cryptocurrencies, with its price being on top with a miles rate away from the second highest coin, its gonna be hard to surpass that or even to equate it. Knowing that bitcoin has lots of investors and most eyes of people in the cryotoworld are on bitcoin, it adds to the dominance of bitcoin. I think bitcoin is just gonna keep on moving forward, increasing its rate to nobody can tell.

We all have always known Bitcoin to be regaining its stand no matter whatever it is that happens, but the only reason we seem to draw back when all these kind of things are happening is because you can never tell what the future brings (if only we do) Bitcoin can end anytime, when you least expected it. So we’re being always being very careful.

No question that bitcoin is very dominant nowadays, specially when the price shoots up to $6000 and their will be no challenger. However, we still have drawbacks like negative news really impacted us hard like just last month. That's why there's some question on its dominance. However, you have to look at it as just a challenge because I believed that bitcoin is still in its early stage, infancy perhaps. And yes we can really see what the future brings so that best thing we can do its just be careful of our investments.

[BTCMILLIONAIRE]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

Depends on how many new Bitcoin investors join the game vs how many cash out or invest in alts. But yes, this could happen.

[Tamilson]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

Depends on how many new Bitcoin investors join the game vs how many cash out or invest in alts. But yes, this could happen.

Yes this will depend on turn of events in the life of bitcoin but no doubt after all happened this past few months bitcoin withstand all of the storm. We're still optimistic that we reached $6500 like we already touch the $6200 and we got 2 months to go before this year ends so it's not impossible as the bull run didn't stop. Bitcoin will always be the hail king.

[deisik]

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that there's something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity, acceptance and adoption in any noticeable degree (if that is your point)

[BTCMILLIONAIRE]

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies".

If assets could be accessed immediately in the case of emergency there would be no need for bank account savings.

That's something that even widespread adoption of Bitpay could change.

[deisik]

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies"

Okay, now I see what you mean

But the problem you raise has more to do with Bitcoin transfers versus fiat transfers rather than being able to spend your coins "directly" when you you can spend fiat money without any reservations (read directly in a true sense of the word). In other words, I don't see any particular difference between spending bitcoins when buying goods and spending fiat when buying the same goods. In fact, with Bitcoin you risk your transaction being denied for whatever reason (e.g. a sudden drop in exchange rate). Obviously, there are no such issues with fiat. In short, you make incorrect comparisons since you should compare Bitcoin with fiat, not with stocks or whatever

[BTCMILLIONAIRE]

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies"

Okay, now I see what you mean

But the problem you raise has more to do with Bitcoin transfers versus fiat transfers rather than being able to spend your coins "directly" when you you can spend fiat money without any reservations (read directly in a true sense of the word). In other words, I don't see any particular difference between spending bitcoins when buying goods and spending fiat when buying the same goods. In fact, with Bitcoin you risk your transaction being denied for whatever reason (e.g. a sudden drop in exchange rate). Obviously, there are no such issues with fiat. In short, you make incorrect comparisons since you should compare Bitcoin with fiat, not with stocks or whatever

Bitcoin right now is more of a speculative investment than a currency though, at least until sufficient adoption to dampen the volatility takes place. Which is why I've compared it to other assets, rather than fiat currency. But yes, you are right with the risks of using it as a currency with no intermediary, although the risk is in Bitpay in current situations. How do they deal with this by the way? Are they just speculating that prices will increase?

[deadthings]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

This is impossible, the bitcoin will never be overwhelmed by the smaller coins because they are spinning around him and not bitcoin around them.

[scott1]

I think there's a partial rotation into quality, meaning $$ from altcoins that are bleeding are moving into BTC. Also, we've now been through forks several times, so I'm going to assume most people see this as an opportunity to score a nice dividend going into the end of the month, which is why we're seeing more inflows. Thoughts?

[deisik]

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies"

Okay, now I see what you mean

But the problem you raise has more to do with Bitcoin transfers versus fiat transfers rather than being able to spend your coins "directly" when you you can spend fiat money without any reservations (read directly in a true sense of the word). In other words, I don't see any particular difference between spending bitcoins when buying goods and spending fiat when buying the same goods. In fact, with Bitcoin you risk your transaction being denied for whatever reason (e.g. a sudden drop in exchange rate). Obviously, there are no such issues with fiat. In short, you make incorrect comparisons since you should compare Bitcoin with fiat, not with stocks or whatever

Bitcoin right now is more of a speculative investment than a currency though, at least until sufficient adoption to dampen the volatility takes place. Which is why I've compared it to other assets, rather than fiat currency. But yes, you are right with the risks of using it as a currency with no intermediary, although the risk is in Bitpay in current situations. How do they deal with this by the way? Are they just speculating that prices will increase?

Honestly, I don't know

But if I were in their place, I would be massively hedging their exposure to price volatility on major exchanges such as Bitfinex or Poloniex, the exchanges which allow shorting. There are many ways to get rid of volatility risks, so it is certainly possible to do. I don't really think that they are speculating since this involves additional risks, and they likely try to diminish risks, not to increase them. For example, if they have 1000 bitcoins as their turnover volume (i.e. they have this amount of bitcoins at any given moment), it makes sense to short at least some part of this volume. In this way, they become safe from abrupt price changes. It will cost them something (rather small percentage) but it is certainly worth doing

[rocketbits]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

That is happening from past 9 years. So many times, bitcoin was regulated in huge race of dips. At that time even the experience traders were afraid of what is happening but they had a trust in bitcoin. And this trust has gained by showing the audience when bitcoin revived again and again. Better profits for bitcoin now, and you will be amazed to see the progress in upcoming years.

[usorin]

Till recent if you wanted to make a exchange from crypto coin to fiat we had to use, inevitably, bitcoin. Now we have other altcoin that can be changed to fiat so i think this is the main reason why some coins are so popular.

[Hasbro27]

in my opinion bitcoin is already from the emergence of already developed crypto and currently the bitcoin rise is very high, so bitcoin remains the main choice of altcoin.

[guoyu78]

Till recent if you wanted to make a exchange from crypto coin to fiat we had to use, inevitably, bitcoin. Now we have other altcoin that can be changed to fiat so i think this is the main reason why some coins are so popular.

There are number of other reasons as well which are helping the coins which are there in the world of crypto currency in gaining of dominance especially the bitcoin. Bitcoin is no doubt the best thing which one can have in his life.

The way bitcoin is helping so many of us in making such a huge amount of money is indeed appreciable. Moreover, its market price is continuously increasing which is making more investors to believe in it.

[fasdorcas]

Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.

Since the time bitcoin was introduced to this world, I can only see the graph of bitcoin going up and up most of the times. There are only few occasions when the market price of bitcoin has decreased, but most of the times it was one and only bitcoin having the number 1 ranking amongst all other coins. At present, everyone is talking about bitcoin and it is bitcoin which is grabbing the attention of all of us.

There is nothing in this world which can actually keep bitcoin for becoming not dominant. It is none other than bitcoin which will remain dominant most of the times. There is no way that we can deny this fact that bitcoin is the future. Past few days are turning out to be the best days in the history of bitcoin and there are so many people who are showing their interest in bitcoin due to this.

Yes it is and the proof is the up growing price. Just a few weeks ago the price of on bitcoin was about 4000 dollars and now the price of one bitcoin is about 6200 dollars. It means that there is increase of almost 2200 dollars in one bitcoin.

It means that bitcoin is regaining its value and dominance and in the near future it will overcome all the other currencies of the world and all the people will use only one digital currency which will be no doubt bitcoin.

[TheUltraElite]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

This is just speculation and pure FUD. There is currently no signs of bitcoin crashing. Rather its increasing in price like anything. Today bitcoin price crossed 7kUSD for the first time and I believe with more forks in future there will be further rise in bitcoin price. Altcoins are a different market and they dont necessarily rise or fall with bitcoin - contrary to popular belief.

I think there's a partial rotation into quality, meaning $$ from altcoins that are bleeding are moving into BTC. Also, we've now been through forks several times, so I'm going to assume most people see this as an opportunity to score a nice dividend going into the end of the month, which is why we're seeing more inflows. Thoughts?

Essentially correct - people are going to moneitize and profit from the forks as much as they can. There may be a drop after each fork but it will be transient.

in my opinion bitcoin is already from the emergence of already developed crypto and currently the bitcoin rise is very high, so bitcoin remains the main choice of altcoin.

Let me tell you that the developers still believe that bitcoin is in beta form and not alpha yet. The price of bitcoin does not correlate to the developement - simply shows the popularity and acceptance of the crypto among traders.

[kier010]

because of the fork that altcoin holder trade their altcoin to bitcoin and it increase the demand of the bitcoin and decrease the demand it altcoin. since the beginning bitcoin is already getting the momentum and dominance that is why it can survive until now.

[BTCMILLIONAIRE]

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies"

Okay, now I see what you mean

But the problem you raise has more to do with Bitcoin transfers versus fiat transfers rather than being able to spend your coins "directly" when you you can spend fiat money without any reservations (read directly in a true sense of the word). In other words, I don't see any particular difference between spending bitcoins when buying goods and spending fiat when buying the same goods. In fact, with Bitcoin you risk your transaction being denied for whatever reason (e.g. a sudden drop in exchange rate). Obviously, there are no such issues with fiat. In short, you make incorrect comparisons since you should compare Bitcoin with fiat, not with stocks or whatever

Bitcoin right now is more of a speculative investment than a currency though, at least until sufficient adoption to dampen the volatility takes place. Which is why I've compared it to other assets, rather than fiat currency. But yes, you are right with the risks of using it as a currency with no intermediary, although the risk is in Bitpay in current situations. How do they deal with this by the way? Are they just speculating that prices will increase?

Honestly, I don't know

But if I were in their place, I would be massively hedging their exposure to price volatility on major exchanges such as Bitfinex or Poloniex, the exchanges which allow shorting. There are many ways to get rid of volatility risks, so it is certainly possible to do. I don't really think that they are speculating since this involves additional risks, and they likely try to diminish risks, not to increase them. For example, if they have 1000 bitcoins as their turnover volume (i.e. they have this amount of bitcoins at any given moment), it makes sense to short at least some part of this volume. In this way, they become safe from abrupt price changes. It will cost them something (rather small percentage) but it is certainly worth doing

Interesting, I wasn't aware you could short Bitcoins. Or do they just sell the ones they get to "short"?

I wonder to what extent they mitigate their risks though. If they can sustain themselves while holding any decent amount of Bitcoins that could potentially mean massive profits.

[deisik]

Bitcoin right now is more of a speculative investment than a currency though, at least until sufficient adoption to dampen the volatility takes place. Which is why I've compared it to other assets, rather than fiat currency. But yes, you are right with the risks of using it as a currency with no intermediary, although the risk is in Bitpay in current situations. How do they deal with this by the way? Are they just speculating that prices will increase?

Honestly, I don't know

But if I were in their place, I would be massively hedging their exposure to price volatility on major exchanges such as Bitfinex or Poloniex, the exchanges which allow shorting. There are many ways to get rid of volatility risks, so it is certainly possible to do. I don't really think that they are speculating since this involves additional risks, and they likely try to diminish risks, not to increase them. For example, if they have 1000 bitcoins as their turnover volume (i.e. they have this amount of bitcoins at any given moment), it makes sense to short at least some part of this volume. In this way, they become safe from abrupt price changes. It will cost them something (rather small percentage) but it is certainly worth doing

Interesting, I wasn't aware you could short Bitcoins. Or do they just sell the ones they get to "short"?

I wonder to what extent they mitigate their risks though. If they can sustain themselves while holding any decent amount of Bitcoins that could potentially mean massive profits.

Strictly speaking, I don't know that either

But this is the most obvious solution if you want to hedge against volatility risks and sudden price changes. Shorting, for them, basically means selling in advance, i.e. they short what they expect to receive and then close their position when they receive the actual bitcoins. In this way they always receive the same price in dollar terms which was at the moment of the purchase no matter how hard or fast the Bitcoin price may change

[EdenHazard]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

That is happening from past 9 years. So many times, bitcoin was regulated in huge race of dips. At that time even the experience traders were afraid of what is happening but they had a trust in bitcoin. And this trust has gained by showing the audience when bitcoin revived again and again. Better profits for bitcoin now, and you will be amazed to see the progress in upcoming years.

we have got ATH several times this year , it was really something unexpected.

it is not because of the fork only , but at the same time it is the time for bitcoin to increase the rates. as the demand keep growing and really rare to see a lot of bitcoin mined nowadays make the price skyrocketing amazingly.

[pugman]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

The recent cause for bitcoin to go up after the bitcoin gold hardfork is that a stock exchange has decided to list bitcoin in the future and there is crazy demand for bitcoin at the moment ,another hardfork is also coming up which is legit on November 3rd week,so there is demand for bitcoin more than that of altcoins. Bitcoin has been dominating since forever ,so no surprise in that.

[Rotsor]

Bitcoin is regaining dominance, yes. It always does if you look back in time. Bitcoin is a deflationary currency which means that the supply that is being distributed every 10 minutes via the blockchain where miners receive a reward, that is halved every four years and it started of with 50BTC in 2009. Now it is 7.25 for a block reward, but the miners that hash also get fees from transactions as well.

[deisik]

Bitcoin is regaining dominance, yes. It always does if you look back in time. Bitcoin is a deflationary currency which means that the supply that is being distributed every 10 minutes via the blockchain where miners receive a reward, that is halved every four years and it started of with 50BTC in 2009. Now it is 7.25 for a block reward, but the miners that hash also get fees from transactions as well.

So far Bitcoin is inflationary

Though you could in fact claim that many coins get lost everyday and thus the real number of bitcoins available for trading or other uses is gradually diminishing. But ultimately this is irrelevant. What matters is real adoption, and if there is none, no amount of scarcity (if i can say so) will help Bitcoin. It is not enough to be scarce, Bitcoin (or anything else, for that matter) should also be useful for some real purpose. Speculation gives Bitcoin what some would call value, speculative value, but how long will it last on speculation alone?

[BTCMILLIONAIRE]

Bitcoin is regaining dominance, yes. It always does if you look back in time. Bitcoin is a deflationary currency which means that the supply that is being distributed every 10 minutes via the blockchain where miners receive a reward, that is halved every four years and it started of with 50BTC in 2009. Now it is 7.25 for a block reward, but the miners that hash also get fees from transactions as well.

So far Bitcoin is inflationary

Though you could in fact claim that many coins get lost everyday and thus the real number of bitcoins available for trading or other uses is gradually diminishing. But ultimately this is irrelevant. What matters is real adoption, and if there is none, no amount of scarcity (if i can say so) will help Bitcoin. It is not enough to be scarce, Bitcoin (or anything else, for that matter) should also be useful for some real purpose. Speculation gives Bitcoin which some would call value, speculative value, but how long will it last on speculation alone?

Is it in any way possible to estimate how many coins have been lost accurately?

[deisik]

Bitcoin is regaining dominance, yes. It always does if you look back in time. Bitcoin is a deflationary currency which means that the supply that is being distributed every 10 minutes via the blockchain where miners receive a reward, that is halved every four years and it started of with 50BTC in 2009. Now it is 7.25 for a block reward, but the miners that hash also get fees from transactions as well.

So far Bitcoin is inflationary

Though you could in fact claim that many coins get lost everyday and thus the real number of bitcoins available for trading or other uses is gradually diminishing. But ultimately this is irrelevant. What matters is real adoption, and if there is none, no amount of scarcity (if i can say so) will help Bitcoin. It is not enough to be scarce, Bitcoin (or anything else, for that matter) should also be useful for some real purpose. Speculation gives Bitcoin which some would call value, speculative value, but how long will it last on speculation alone?

Is it in any way possible to estimate how many coins have been lost accurately?

No, I don't think so

All your estimates would be rather vague and prone to huge errors. For example, would you consider 1M bitcoins which Satoshi has as lost? We don't even know who is Satoshi, let alone if he is still alive or whether he is a human being at all ("he" might be a group of developers and cryptography experts or even a whole agency like the NSA). On the other hand, you can still estimate pretty close to real numbers the amount of coins which can be said as lost for good. I refer to dust in wallets which is no longer collectible, i.e. which you can't withdraw since the fees are too high. I guess this number can be assessed pretty accurately and reliably via analyzing the Bitcoin blockchain (and someone might have already done this)

[karmamiu]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

That is happening from past 9 years. So many times, bitcoin was regulated in huge race of dips. At that time even the experience traders were afraid of what is happening but they had a trust in bitcoin. And this trust has gained by showing the audience when bitcoin revived again and again. Better profits for bitcoin now, and you will be amazed to see the progress in upcoming years.

we have got ATH several times this year , it was really something unexpected.

it is not because of the fork only , but at the same time it is the time for bitcoin to increase the rates. as the demand keep growing and really rare to see a lot of bitcoin mined nowadays make the price skyrocketing amazingly.

                  I actually think that's one of the reasons why bitcoin's price was skyrocketing or rising, and as i can also see that maybe before this year ends it will maybe set another all time high for bitcoin. I will just sit back and watch, also this upcoming fork bothers me a lot, i think it will also have a huge impact about the price.

[prtty2gal2]

because of the fork that altcoin holder trade their altcoin to bitcoin and it increase the demand of the bitcoin and decrease the demand it altcoin. since the beginning bitcoin is already getting the momentum and dominance that is why it can survive until now.

I don’t really know how that’s going to play out, but my mind keeps telling me there might be a crash in price rate. I didn’t even know when the Bitcoin Gold fork was carried out, I was thinking it would be on November16th but never knew that November was meant for Bitcoin segwit2×. Just opened my wallet the other day after an update and surprisingly there was Bitcoin Gold in it.

Now this got me thinking whether there will actually be a decrease in price after the next hard fork, cause Bitcoin Cash and Bitcoin Gold showed no sign of making a decrease on main Bitcoin price rate.

[machinek20]

I think bitcoin regaining dominance since the first hardfork, the result of the hardfork is quite valuable so people expecting another free coin from the next hardfork and causing the demand volume to increase pretty quick and high, in the end bitcoin will still dominating because all of the alt coins exchange token is btc, so no matter how great an alt coin it will never beat bitcoin dominance

[BTCMILLIONAIRE]

Bitcoin is regaining dominance, yes. It always does if you look back in time. Bitcoin is a deflationary currency which means that the supply that is being distributed every 10 minutes via the blockchain where miners receive a reward, that is halved every four years and it started of with 50BTC in 2009. Now it is 7.25 for a block reward, but the miners that hash also get fees from transactions as well.

So far Bitcoin is inflationary

Though you could in fact claim that many coins get lost everyday and thus the real number of bitcoins available for trading or other uses is gradually diminishing. But ultimately this is irrelevant. What matters is real adoption, and if there is none, no amount of scarcity (if i can say so) will help Bitcoin. It is not enough to be scarce, Bitcoin (or anything else, for that matter) should also be useful for some real purpose. Speculation gives Bitcoin which some would call value, speculative value, but how long will it last on speculation alone?

Is it in any way possible to estimate how many coins have been lost accurately?

No, I don't think so

All your estimates would be rather vague and prone to huge errors. For example, would you consider 1M bitcoins which Satoshi has as lost? We don't even know who is Satoshi, let alone if he is still alive or whether he is a human being at all ("he" might be a group of developers and cryptography experts or even a whole agency like the NSA). On the other hand, you can still estimate pretty close to real numbers the amount of coins which can be said as lost for good. I refer to dust in wallets which is no longer collectible, i.e. which you can't withdraw since the fees are too high. I guess this number can be assessed pretty accurately and reliably via analyzing the Bitcoin blockchain (and someone might have already done this)

I was aware of people losing their private keys left and right but I never really considered dusty wallets. If we actually end up reaching 200 Million users as projected by some institutes, the dust could easily add up to anywhere from a few hundred to a few hundred thousand Bitcoins lost if my estimates aren't too far off.
Wonder what the real number for both cases (lost keys and dust) are. If a large amount of coins was lost that could significantly lower the real market cap and thus help with reaching some of the astronomical predictions made.

So many factors are driving the prices, I wonder if anyone with serious computing power and expertise actually modelled the crypto market already.

[criz2fer]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

The recent cause for bitcoin to go up after the bitcoin gold hardfork is that a stock exchange has decided to list bitcoin in the future and there is crazy demand for bitcoin at the moment ,another hardfork is also coming up which is legit on November 3rd week,so there is demand for bitcoin more than that of altcoins. Bitcoin has been dominating since forever ,so no surprise in that.

The stock exchange of bitcoin I presume. Future of bitcoin will be great  if all the stocks exchange will enter blockchain technology in a single frame. So excited to be a bitcoin fanatic until now.

[Don Pedro Dinero]

15 days have passed since I opened this post. I've just had a look at the dominance graph again and it keeps widening, favoring bitcoin. Ethereum has been constantly losing dominance against it. All coins have, apart from bitcoin cash, but not in a relevant percentage as it stands at 5%.

At present, bitcoin has 62%, more than 4 times as much as its biggest competitor, ethereum.

Do you think this will change after Segwit2x fork?

[BTCMILLIONAIRE]

15 days have passed since I opened this post. I've just had a look at the dominance graph again and it keeps widening, favoring bitcoin. Ethereum has been constantly losing dominance against it. All coins have, apart from bitcoin cash, but not in a relevant percentage as it stands at 5%.

At present, bitcoin has 62%, more than 4 times as much as its biggest competitor, ethereum.

Do you think this will change after Segwit2x fork?

That's very hard to answer.

If S2x makes the network much faster and cheaper to use, it could be possible that people would jump on Bitcoin even quicker than before, thus increasing the price. It's also possible that the Bitcoin profits will be cashed out and shifted into fiat and altcoins instead while waiting for the next rally.

In reality it will be a mix of the two and then some, and the course of Bitcoin will depend on which "flow" is stronger at the time.

[anhhung409]

The position of the bitcoin has not changed so far, so it's just not stable in the market. But now it is different when its value increases continuously and gradually becomes popular with the people. In addition, although there is a great deal of bans from hardcore, Bitcoin is still evolving and prompting them to rethink adopting Bitcoin as a true currency.

[deisik]

Is it in any way possible to estimate how many coins have been lost accurately?

No, I don't think so

All your estimates would be rather vague and prone to huge errors. For example, would you consider 1M bitcoins which Satoshi has as lost? We don't even know who is Satoshi, let alone if he is still alive or whether he is a human being at all ("he" might be a group of developers and cryptography experts or even a whole agency like the NSA). On the other hand, you can still estimate pretty close to real numbers the amount of coins which can be said as lost for good. I refer to dust in wallets which is no longer collectible, i.e. which you can't withdraw since the fees are too high. I guess this number can be assessed pretty accurately and reliably via analyzing the Bitcoin blockchain (and someone might have already done this)

I was aware of people losing their private keys left and right but I never really considered dusty wallets. If we actually end up reaching 200 Million users as projected by some institutes, the dust could easily add up to anywhere from a few hundred to a few hundred thousand Bitcoins lost if my estimates aren't too far off.
Wonder what the real number for both cases (lost keys and dust) are. If a large amount of coins was lost that could significantly lower the real market cap and thus help with reaching some of the astronomical predictions made.

So many factors are driving the prices, I wonder if anyone with serious computing power and expertise actually modelled the crypto market already.

In fact, you don't need a supercomputer for this

You just need to understand how markets work in general and how scarcity affects utility in particular to foresee what's going to happen in the future. I extensively wrote about one such scenario in the past, when Bitcoin was worth less than 1,000 dollars per coin, and so far my theory seems to be proving itself correct. You can search the forum for the Big Rip theory of Bitcoin if you are interested. Though this is likely not what you would want to learn (a spoiler: this might not end very good)

[BTCMILLIONAIRE]

Is it in any way possible to estimate how many coins have been lost accurately?

No, I don't think so

All your estimates would be rather vague and prone to huge errors. For example, would you consider 1M bitcoins which Satoshi has as lost? We don't even know who is Satoshi, let alone if he is still alive or whether he is a human being at all ("he" might be a group of developers and cryptography experts or even a whole agency like the NSA). On the other hand, you can still estimate pretty close to real numbers the amount of coins which can be said as lost for good. I refer to dust in wallets which is no longer collectible, i.e. which you can't withdraw since the fees are too high. I guess this number can be assessed pretty accurately and reliably via analyzing the Bitcoin blockchain (and someone might have already done this)

I was aware of people losing their private keys left and right but I never really considered dusty wallets. If we actually end up reaching 200 Million users as projected by some institutes, the dust could easily add up to anywhere from a few hundred to a few hundred thousand Bitcoins lost if my estimates aren't too far off.
Wonder what the real number for both cases (lost keys and dust) are. If a large amount of coins was lost that could significantly lower the real market cap and thus help with reaching some of the astronomical predictions made.

So many factors are driving the prices, I wonder if anyone with serious computing power and expertise actually modelled the crypto market already.

In fact, you don't need a supercomputer for this

You just need to understand how markets work in general and how scarcity affects utility in particular to foresee what's going to happen in the future. I extensively wrote about one such scenario in the past, when Bitcoin was worth less than 1,000 dollars per coin, and so far my theory seems to be proving itself correct. You can search the forum for the Big Rip theory of Bitcoin if you are interested. Though this is likely not what you would want to learn (a spoiler: this might not end very good)

The only post that comes up for me is about the "Large Bitcoin Collider", which doesn't seem to be it. Do you happen to have a link by any chance?

[Maddinson100]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

If you talk about the development and importance of bitcoin then yes it is developing and gaining dominance day by day and if bitcoin reaches to the top in progress than it can't fall back easily but is nearly impossible for it to fall. According to my point of view it can maintain its position on the top and can't fall down as that easy as you think about bitcoin.

[ThunderCatSteve]

15 days have passed since I opened this post. I've just had a look at the dominance graph again and it keeps widening, favoring bitcoin. Ethereum has been constantly losing dominance against it. All coins have, apart from bitcoin cash, but not in a relevant percentage as it stands at 5%.

At present, bitcoin has 62%, more than 4 times as much as its biggest competitor, ethereum.

Do you think this will change after Segwit2x fork?

Bitcoin has defeated eth in all aspects and many of people have already cashed out their money from eth and invested into btc and more of it the main thing is acceptance and now many regions are accepting this coin and many of the stores are getting this as payment and that is for sure thing that it will be 100 time leading to the eth and all other coin and this is just happening because of investor believe and faith,

[malikusama]

Well if we compare it to the latest charts of a few years ago we can make a conclusion that the price can really drop a lot right now it if needs to happen.
But we can not compare those charts to ATM charts, because it is insane, right now all the market is manipulated by the whales and all the people who is investing some money on bitcoin, it can only drop if there is a terrorific notice about bitcoin in some country, only if it creates fud over the market.
But it really needs to drop a litttle before the bubble explodes.

The markets have changed drastically, so comparing to the past is probably not a great idea. Either way, rather than "manipulation" we're just seeing normal market movements in a very volatile environment with an overall upwards trend.

Exactly the market has changed a lot during the past couple of years and comparing the current scenario with the past is not good. The manipulation effect of whales over the price has decreased now due to the growing community circle and we have seen a remarkable shift of investment from alts to BTC and that's the reason why BTC is rapidly growing and regaining the dominance as the OP stated.

[Kiweikoo]

15 days have passed since I opened this post. I've just had a look at the dominance graph again and it keeps widening, favoring bitcoin. Ethereum has been constantly losing dominance against it. All coins have, apart from bitcoin cash, but not in a relevant percentage as it stands at 5%.

At present, bitcoin has 62%, more than 4 times as much as its biggest competitor, ethereum.

Do you think this will change after Segwit2x fork?

No the chances of these values to change favoring ethereum instead of Bitcoin is very low. According to the present dominance chart ,Bitcoin would definitely lead the world of digital currencies for upcoming many years beating its biggest competitor with a large margin. The possibility of decrement in dominance is only if the fork occurs at the beginning of upcoming year.

[shinratensei_]

15 days have passed since I opened this post. I've just had a look at the dominance graph again and it keeps widening, favoring bitcoin. Ethereum has been constantly losing dominance against it. All coins have, apart from bitcoin cash, but not in a relevant percentage as it stands at 5%.

At present, bitcoin has 62%, more than 4 times as much as its biggest competitor, ethereum.

Do you think this will change after Segwit2x fork?

No the chances of these values to change favoring ethereum instead of Bitcoin is very low. According to the present dominance chart ,Bitcoin would definitely lead the world of digital currencies for upcoming many years beating its biggest competitor by a large margin. The possibility of decrement in dominance is only if the fork occurs at the beginning of upcoming year.

To lead the world of the digital currency seems to be a real if we are considering the fact bitcoin gain a lot of the dominance in the crypto, but you must remember if we back again to the Q1 and Q2 of this year and there is a lot of the domination from the altcoin to regain their market dominance. So, the more possibility to the bitcoin and that will be less for altcoin too.
As the major pair into all of the crypto-currency and it seems to be a usual thing.

[Thasins61]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

till now all  Economics make wrong information to detect bitcoin price because it is only depend on supply and Demand law that make no one can detect it

[btc_angela]

15 days have passed since I opened this post. I've just had a look at the dominance graph again and it keeps widening, favoring bitcoin. Ethereum has been constantly losing dominance against it. All coins have, apart from bitcoin cash, but not in a relevant percentage as it stands at 5%.

At present, bitcoin has 62%, more than 4 times as much as its biggest competitor, ethereum.

Do you think this will change after Segwit2x fork?

No the chances of these values to change favoring ethereum instead of Bitcoin is very low. According to the present dominance chart ,Bitcoin would definitely lead the world of digital currencies for upcoming many years beating its biggest competitor by a large margin. The possibility of decrement in dominance is only if the fork occurs at the beginning of upcoming year.

To lead the world of the digital currency seems to be a real if we are considering the fact bitcoin gain a lot of the dominance in the crypto, but you must remember if we back again to the Q1 and Q2 of this year and there is a lot of the domination from the altcoin to regain their market dominance. So, the more possibility to the bitcoin and that will be less for altcoin too.
As the major pair into all of the crypto-currency and it seems to be a usual thing.

Specially Ethereum which gain dominance in Q2 this year. Specially once many ICO started to offer Ethereum as form of investments. But bitcoin regain its dominance once more, and never look back. And also I think bitcoin has somewhat lose some grip because of the high transaction fee and the continues debate on the scaling issue. However, bitcoin once again regain the market dominance and now we are enjoying the best price ever.

[PrinceCaspian]

The dominance of bitcoin is not permanent and i think that after a few weeks, the price will have a correction because the people will sell their bitcoin or either go to altcoins again because the price of altcoins are low and it is a good option to just buy a lot of altcoins and hold them and wait for the recovery for a huge profit to be made.

[cydrix]

Bitcoins not regaining dominance because it is the dominant coin in the first place so nothing could replace bitcoin would be bitcoin itself it has shown how powerful bitcoin could be even all that stress from the disastrous events like banning and arresting bitcoin has shown  its capability to recover up faster than expected.

[KingScorpio]

People are moving their alts to bitcoins because of the fork. I expect them to move back to alts after.

But yeah, Bitcoin never really lost dominance. It just regained some lost ground is all.

what is the fork exactly?

[BTCMILLIONAIRE]

People are moving their alts to bitcoins because of the fork. I expect them to move back to alts after.

But yeah, Bitcoin never really lost dominance. It just regained some lost ground is all.

what is the fork exactly?

It's when the blockchain (the leder that saves all transactions) splits into two. It basically creates two copies of a coin.

[Sled]

People are moving their alts to bitcoins because of the fork. I expect them to move back to alts after.

But yeah, Bitcoin never really lost dominance. It just regained some lost ground is all.

what is the fork exactly?

It's when the blockchain (the leder that saves all transactions) splits into two. It basically creates two copies of a coin.

Not all the forks are splitting the coin into two because there are two types of forks which are the hard and the soft fork. Soft fork is a kind of fork which it just add or patch the system to become better while hard fork is a fork that creates a new coin or a copy of that coin and improve the system by putting new type of codes.

[worle1bm]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Bitcoin is now gaining popularity which is giving boost to its price compared to other altcoins as people who aims to earn more profit in short span are investing in it.There are other reasons like acceptance of BTC by various governments and agencies giving rise to it and moreover the coming hard fork is having less supporters so in turn btc gain dominance over other digital coins pushing it number one.

[BTCMILLIONAIRE]

People are moving their alts to bitcoins because of the fork. I expect them to move back to alts after.

But yeah, Bitcoin never really lost dominance. It just regained some lost ground is all.

what is the fork exactly?

It's when the blockchain (the leder that saves all transactions) splits into two. It basically creates two copies of a coin.

Not all the forks are splitting the coin into two because there are two types of forks which are the hard and the soft fork. Soft fork is a kind of fork which it just add or patch the system to become better while hard fork is a fork that creates a new coin or a copy of that coin and improve the system by putting new type of codes.

Thanks for elaborating. Slipped my mind due to the ridiculous amount of hard forks lately.

[ssuchy]

Bitcoins not regaining dominance because it is the dominant coin in the first place so nothing could replace bitcoin would be bitcoin itself it has shown how powerful bitcoin could be even all that stress from the disastrous events like banning and arresting bitcoin has shown  its capability to recover up faster than expected.

What dominance of the crypto currency can we say? The fact that the Crypto-currency for today gives a very good advantage for those who are looking for alternative earnings. Of course, we should agree that this earnings are quite large, in contrast to what we can get in real life, and not on the Internet. Since Bitcoin has an advantage in the work, not everyone would like to implement it, In order not to pay taxes.

[DrGuns4Hands]

Nowadays, a lot of changes and terrific happening are experiencing bitcoin. Shock moments like beating the high price and gaining a lot of investors. Bitcoin is an example of rising phenomena that everyone is waiting for.

[eaLiTy]

The dominance of bitcoin is not permanent and i think that after a few weeks, the price will have a correction because the people will sell their bitcoin or either go to altcoins again because the price of altcoins are low and it is a good option to just buy a lot of altcoins and hold them and wait for the recovery for a huge profit to be made.

Let us assume that we could see a very big correction ,what coins do you think will dominate bitcoin in the cryptocurrency market,i would say none,there is no coin that could have the capacity to dominate its market at the moment,the alt coin market is down and dusted because the price of bitcoin is rising to new levels and we will see a pause on that aspect for sometime,we need to see a market resurgence when it comes to good alt coin markets and hopefully we could see that.

[BTCMILLIONAIRE]

The dominance of bitcoin is not permanent and i think that after a few weeks, the price will have a correction because the people will sell their bitcoin or either go to altcoins again because the price of altcoins are low and it is a good option to just buy a lot of altcoins and hold them and wait for the recovery for a huge profit to be made.

Let us assume that we could see a very big correction ,what coins do you think will dominate bitcoin in the cryptocurrency market,i would say none,there is no coin that could have the capacity to dominate its market at the moment,the alt coin market is down and dusted because the price of bitcoin is rising to new levels and we will see a pause on that aspect for sometime,we need to see a market resurgence when it comes to good alt coin markets and hopefully we could see that.

Bitcoin is currently correcting though. And before 2020 several altcoins will untether themselves from Bitcoin, since by then real companies will start creating actual value for investors. Who knows how big they will become though. We could easily some altcoins with a market capitalization of several hundreds of billions in the future though. Just look at tech companies on the stock market for reference.

[Sled]

Nowadays, a lot of changes and terrific happening are experiencing bitcoin. Shock moments like beating the high price and gaining a lot of investors. Bitcoin is an example of rising phenomena that everyone is waiting for.

Bitcoin is a very great technology and because of its rise, a lot of people are now getting into it but as of now, it is dumping because of the FOMO that is happening in the market of Bitcoin Cash and i think just after a few weeks, it might go back to normal where bitcoin is the one who have a lot of attention and altcoins will just kneel down for bitcoin dominance.

[zeaderza]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

The recent cause for bitcoin to go up after the bitcoin gold hardfork is that a stock exchange has decided to list bitcoin in the future and there is crazy demand for bitcoin at the moment ,another hardfork is also coming up which is legit on November 3rd week,so there is demand for bitcoin more than that of altcoins. Bitcoin has been dominating since forever ,so no surprise in that.

The stock exchange of bitcoin I presume. Future of bitcoin will be great  if all the stocks exchange will enter blockchain technology in a single frame. So excited to be a bitcoin fanatic until now.

Right! if we look at the performance of bitcoin and above the increase in the market price of bitcoin and that too since past few weeks, then we’ll easily conclude this thing that bitcoin really has a wonderful future not only for the ones who are investing in bitcoin but also for itself. Bitcoin has lot of features which will help him in earning a very good name in the future as well.

[Sensill]

this year bitcoin price bumped a lot it is first time see coin rise more than 700% in one year so hope to keep rise

[mininglegend1234]

this year bitcoin price bumped a lot it is first time see coin rise more than 700% in one year so hope to keep rise

There is nothing in this world which can actually keep bitcoin for becoming not dominant. there is not other digital currency than bitcoin which will remain dominant most of the times. There is no way that we can deny this fact that bitcoin is the future. Past few days are turning out to be the best days in the history of bitcoin and there are so many people who are showing their interest in bitcoin due to this.and this is also a reality that no one can predict the future .

[akuser]

this year bitcoin price bumped a lot it is first time see coin rise more than 700% in one year so hope to keep rise

There is a possibility of falling back and bitcoin remains an option. we see next year whether there is a miracle and BTC will come back.
I prefer stable bitcoin and altcoin will have power.

[Don Pedro Dinero]

Update: bitcoin has been losing dominance, mainly vs bitcoin cash:



A bit over 5% and some people commenting recently seem to not have realized. There are some gains in dominance but from all the rest of small alts together, nothing very significant. What is significant is Bitcoin Cash spike as there are many debates on wether it will become the real Bitcoin or it is just another case of pump and dump.

[BTCMILLIONAIRE]

Update: bitcoin has been losing dominance, mainly vs bitcoin cash:


A bit over 5% and some people commenting recently seem to not have realized. There are some gains in dominance but from all the rest of small alts together, nothing very significant. What is significant is Bitcoin Cash spike as there are many debates on wether it will become the real Bitcoin or it is just another case of pump and dump.

Bitcoin Cash is just a shady fork by Bitmain that is trying to play central bank and protect its ASIC business. Complete waste of resources. Hopefully the new crypto investors will actually understand what Bitcoin is about and realize that Bitcoin Cash is the opposite of what Bitcoin should be and move away from it.

[Kita Kita]

this year bitcoin price bumped a lot it is first time see coin rise more than 700% in one year so hope to keep rise

I dont see as of now that bitcoin is regaining dominance but in sure bitcoin will regain their dominance in the next month or maybe on next year, lets just trust the bitcoin and wait until it became more powerful cryptocurrency, i think the value of will increase and it will be stable in the next month.

[deisik]

Update: bitcoin has been losing dominance, mainly vs bitcoin cash:


A bit over 5% and some people commenting recently seem to not have realized. There are some gains in dominance but from all the rest of small alts together, nothing very significant. What is significant is Bitcoin Cash spike as there are many debates on wether it will become the real Bitcoin or it is just another case of pump and dump.

Bitcoin Cash is just a shady fork by Bitmain that is trying to play central bank and protect its ASIC business. Complete waste of resources. Hopefully the new crypto investors will actually understand what Bitcoin is about and realize that Bitcoin Cash is the opposite of what Bitcoin should be and move away from it.

But how is the original Bitcoin different?

If it is the same ASIC mined coin like Bitcoin Cash? As for myself, there is no real difference between these two Bitcoins in this regard. Any miner which mines one Bitcoin can mine the other. Yes, SegWit has made some "adjustments" no longer possible (if I'm not mistaken), but is it the only or main reason behind the creation of Bitcoin Cash? I think the game is much more intricate, complex and convoluted than that. Right now Bitcoin is controlled (if I can say so) by the Bitcoin Core team which do not belong to the world of miners. This is surely not what big-time miners are quite happy with, and changing that seems to be their higher cause. In a nutshell, it is a struggle for control over Bitcoin (under whatever name)

[BTCMILLIONAIRE]

Update: bitcoin has been losing dominance, mainly vs bitcoin cash:


A bit over 5% and some people commenting recently seem to not have realized. There are some gains in dominance but from all the rest of small alts together, nothing very significant. What is significant is Bitcoin Cash spike as there are many debates on wether it will become the real Bitcoin or it is just another case of pump and dump.

Bitcoin Cash is just a shady fork by Bitmain that is trying to play central bank and protect its ASIC business. Complete waste of resources. Hopefully the new crypto investors will actually understand what Bitcoin is about and realize that Bitcoin Cash is the opposite of what Bitcoin should be and move away from it.

But how is the original Bitcoin different?

If it is the same ASIC mined coin like Bitcoin Cash? As for myself, there is no real difference between these two Bitcoins in this regard. Any miner which mines one Bitcoin can mine the other. Yes, SegWit has made some "adjustments" no longer possible (if I'm not mistaken), but is it the only or main reason behind the creation of Bitcoin Cash? I think the game is much more intricate, complex and convoluted than that. Right now Bitcoin is controlled (if I can say so) by the Bitcoin Core team which do not belong to the world of miners. This is surely not what big-time miners are quite happy with, and changing that seems to be their higher cause. In a nutshell, it is a struggle for control over Bitcoin (under whatever name)

The Bitcoin Cash team is actually looking into implementing a much "quicker" adjustment times of the network difficulty.
At least officially it's under the guise of making it easier for miners to adapt so they can earn more profits. But in reality it's a fact that their team controls around 60% of the hashrate, so all that does is give them much more flexibility in manipulating the network to their will.

It's also very strange that one of the biggest promoters of Bitcoin Cash, Jihan Wu, would act in favour of blocking the SegWit2x fork, which was immediately followed by a pump of the Bitcoin Cash value. I highly doubt the timing was a coincidence and if you consider the fact that these individuals control a very large amount of both currencies it would not come as a surprise if they flipped their own BTC/BCH to start a FOMO pump.

While Bitcoin is definitely quite centralized, mostly due to the fact that China and the US jumped in first with a massive headstart, I don't want to have anything to do with the shady behind the scenes kind of bullshit that Jihan and his goons are pulling off and I'm hoping that new competitors like GMO in Japan and some others will actually bring some fairness back into the scene.

[deisik]

It's also very strange that one of the biggest promoters of Bitcoin Cash, Jihan Wu, would act in favour of blocking the SegWit2x fork, which was immediately followed by a pump of the Bitcoin Cash value. I highly doubt the timing was a coincidence and if you consider the fact that these individuals control a very large amount of both currencies it would not come as a surprise if they flipped their own BTC/BCH to start a FOMO pump

And what is strange in his actions?

As to me, it is strange that he first decided to support the SegWit2x fork at all, not that he later withdrew his hand (when it became clear that SegWit2x would fall right on its face). Indeed, if he resisted the SegWit2x proposal outright that would likely make him into a black sheep among the mining community and Bitcoin corporate dudes. On the other hand, that might all have been planned right from the start. I don't mean SegWit2x cancellation, of course, but rather using Bitcoin Cash as a sort of backup plan (and creating it beforehand). If SegWit2x didn't fail, we would likely have seen a lot more action and tension in Bitcoin after the hard fork release on November, 16th. What we see today seems to be a lite version of what we might have seen if the SegWit2x conspiracy hadn't failed as it did

[BTCMILLIONAIRE]

It's also very strange that one of the biggest promoters of Bitcoin Cash, Jihan Wu, would act in favour of blocking the SegWit2x fork, which was immediately followed by a pump of the Bitcoin Cash value. I highly doubt the timing was a coincidence and if you consider the fact that these individuals control a very large amount of both currencies it would not come as a surprise if they flipped their own BTC/BCH to start a FOMO pump

And what is strange in his actions?

As to me, it is strange that he first decided to support the SegWit2x fork at all, not that he later withdrew his hand (when it became clear that SegWit2x would fall right on its face). Indeed, if he resisted the SegWit2x proposal outright that would likely make him into a black sheep among the mining community and Bitcoin corporate dudes. On the other hand, that might all have been planned right from the start. I don't mean SegWit2x cancellation, of course, but rather using Bitcoin Cash as a sort of backup plan (and creating it beforehand). If SegWit2x didn't fail, we would likely have seen a lot more action and tension in Bitcoin after the hard fork release on November, 16th. What we see today seems to be a lite version of what we might have seen if the SegWit2x conspiracy hadn't failed as it did

It's not really strange, I just didn't want to outright state that he almost certainly planned this whole fiasco well ahead in time to gain control over Bitcoin. I don't think that the timing of the BCH pump was a coincidence and I don't think that he was for SegWit2x and then just randomly decided to vote against SegWit2x down the road for any reason other than attacking Bitcoin Core.

I'll at least give them credit for orchestrating such a large scale attack. It was quite the performance. But I still hope that they will fail miserably in the end.

[shark69]

I think bitcoin gets dominance again in the world community, after several times falling and worse by some citizens of the world.
 but also many countries that prohibit the existence of bitcoin. I do not know why it is banned, maybe it's a government rule that must be run

[Sled]

I think bitcoin gets dominance again in the world community, after several times falling and worse by some citizens of the world.
 but also many countries that prohibit the existence of bitcoin. I do not know why it is banned, maybe it's a government rule that must be run

Bitcoin is being banned in some of the countries because they thought that bitcoin is not a real opportunity and they are just thinking that because bitcoin is being used in the black market then bitcoin is already a bad cryptocurrency but they didn't know that if they will accept bitcoin to their country, it will bring more possibilities for sure.

[chickenado]

I think Bitcoin never did go down or being surpassed by any other Altcoins. Most of these Altcoins are up for a show that they didn't even last longer while Bitcoin is not doing anything. These random Altcoins are keep on showing but never last longer, they were just like a corrupt politicians that keeps on promising but aren't doing anything after they win. Yet, Bitcoin might go down for a week but no Altcoins would ever gonna surpass its price i guess.

Agree with you mate even though bitcoins price goes down no altcoins have surpass its price,yesterday the price of bitcoin is $5349+ if im not mistaken and it is still leading from etherium and now seeing the market cap it pumps to $6300+ so theres always be a big capability that it will reach higher even if there were lots of speculations that it would be replace by any other cryptocurrencies.Its price movements is very volatile  and it regain dominance in the world of crypto.

[Malaya]

Bitcoin has been performing for the past few months and years since it was created and launch in the public. It's dominance is again boosting from the other alternative coins because bitcoin has been credible to the masses more than ever. Also the mass is accepting bitcoin in different countries for their transactions like in Japan. Though bitcoin was banned to other countries, this crypto currency is fighting well because of the users who continuously believe in it.

[carlisle1]

For now bitcoin drops little bit high,but not lower than what he had when he starts regaining and i do believe in a couple of weeks bitcoin price will come up again.he drops more than 1k usd for just couple of days and it brings panic to those user that has no big faith on btc.and to those user that needs easy money.so lets just pray for another btc recovery

[megynacuna]

For now bitcoin drops little bit high,but not lower than what he had when he starts regaining and i do believe in a couple of weeks bitcoin price will come up again.he drops more than 1k usd for just couple of days and it brings panic to those user that has no big faith on btc.and to those user that needs easy money.so lets just pray for another btc recovery

Exactly, it has become a norm  for bitcoin now because it almost always rises back up to regain its previous value faster and even greater any time it tumbles in value and i'm the least surprised it has started regaining its value back up.

[voztata]

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

If you talk about the development and importance of bitcoin then yes it is developing and gaining dominance day by day and if bitcoin reaches to the top in progress than it can't fall back easily but is nearly impossible for it to fall. According to my point of view it can maintain its position on the top and can't fall down as that easy as you think about bitcoin.

If we look at the graph of bitcoin since the time it was introduced to this world, then we’ll get to know this thing that bitcoin is continuously gaining more reputation with each passing second. The market price of bitcoin does actually effect the reputation but that effect is only for the short term. There are people who are investing in bitcoin and they are very much satisfied with what all they are getting in return.

[rickadone]

this year bitcoin price bumped a lot it is first time see coin rise more than 700% in one year so hope to keep rise

There is a possibility of falling back and bitcoin remains an option. we see next year whether there is a miracle and BTC will come back.
I prefer stable bitcoin and altcoin will have power.

Unfortunately, we cannot always have it stable every time and it is so crazy that it dominates the market completely. Definitely, altcoins always have a time to do well and for traders to make good profit at this moment, but there is a lot surrounding bitcoin at the moment that can make bitcoin either soar higher or correct hugely.
It is just best to always find the perfect timing and then make very good use of them.

[zarados]

For now bitcoin drops little bit high,but not lower than what he had when he starts regaining and i do believe in a couple of weeks bitcoin price will come up again.he drops more than 1k usd for just couple of days and it brings panic to those user that has no big faith on btc.and to those user that needs easy money.so lets just pray for another btc recovery

agree, after falling to about $5K a few days ago makes the weak hand do panic selling as usual. while people who are optimistic about bitcoin see it as an opportunity to buy more. I'm sure btc will not pass this november without new ath. Because when the price slides, the volume are keep rising. It means that more people are buying it, while its cheap.

[gabmen]

For now bitcoin drops little bit high,but not lower than what he had when he starts regaining and i do believe in a couple of weeks bitcoin price will come up again.he drops more than 1k usd for just couple of days and it brings panic to those user that has no big faith on btc.and to those user that needs easy money.so lets just pray for another btc recovery

agree, after falling to about $5K a few days ago makes the weak hand do panic selling as usual. while people who are optimistic about bitcoin see it as an opportunity to buy more. I'm sure btc will not pass this november without new ath. Because when the price slides, the volume are keep rising. It means that more people are buying it, while its cheap.

I think it depends also on how bch fares if btc will again hit another ath this november. I don't think that's going to happen though. We'll probably get closer to that 7k mark or a little beyond it but not another ath

[zergenyt09]

Well if we compare it to the latest charts of a few years ago we can make a conclusion that the price can really drop a lot right now it if needs to happen.
But we can not compare those charts to ATM charts, because it is insane, right now all the market is manipulated by the whales and all the people who is investing some money on bitcoin, it can only drop if there is a terrorific notice about bitcoin in some country, only if it creates fud over the market.
But it really needs to drop a litttle before the bubble explodes.

The markets have changed drastically, so comparing to the past is probably not a great idea. Either way, rather than "manipulation" we're just seeing normal market movements in a very volatile environment with an overall upwards trend.

Exactly the market has changed a lot during the past couple of years and comparing the current scenario with the past is not good. The manipulation effect of whales over the price has decreased now due to the growing community circle and we have seen a remarkable shift of investment from alts to BTC and that's the reason why BTC is rapidly growing and regaining the dominance as the OP stated.

It is some best ComNet I have read today. The circle of people who are trading and investing in bitcoin is growing and this have made an incredible effect of whales and international market. Like few months ago, there were the influences of all ruby whales in the market that they can control the market but now with increase in person using bitcoin, they have lost their much affect.

[deisik]

It's also very strange that one of the biggest promoters of Bitcoin Cash, Jihan Wu, would act in favour of blocking the SegWit2x fork, which was immediately followed by a pump of the Bitcoin Cash value. I highly doubt the timing was a coincidence and if you consider the fact that these individuals control a very large amount of both currencies it would not come as a surprise if they flipped their own BTC/BCH to start a FOMO pump

And what is strange in his actions?

As to me, it is strange that he first decided to support the SegWit2x fork at all, not that he later withdrew his hand (when it became clear that SegWit2x would fall right on its face). Indeed, if he resisted the SegWit2x proposal outright that would likely make him into a black sheep among the mining community and Bitcoin corporate dudes. On the other hand, that might all have been planned right from the start. I don't mean SegWit2x cancellation, of course, but rather using Bitcoin Cash as a sort of backup plan (and creating it beforehand). If SegWit2x didn't fail, we would likely have seen a lot more action and tension in Bitcoin after the hard fork release on November, 16th. What we see today seems to be a lite version of what we might have seen if the SegWit2x conspiracy hadn't failed as it did

It's not really strange, I just didn't want to outright state that he almost certainly planned this whole fiasco well ahead in time to gain control over Bitcoin. I don't think that the timing of the BCH pump was a coincidence and I don't think that he was for SegWit2x and then just randomly decided to vote against SegWit2x down the road for any reason other than attacking Bitcoin Core.

I'll at least give them credit for orchestrating such a large scale attack. It was quite the performance. But I still hope that they will fail miserably in the end.

It is easy to be wise after the event

But it was not certain at first that SegWit2x would fail as it did (in fact, some dudes are still going to run it despite it being a complete fiasco). So I can't actually say that Jihan and his minions had planned all this in advance. I'm more inclined to think (as I have already said) that Bitcoin Cash was actually a plan B but it turned out that it shot SegWit2x right in the eye. Basically, it was planned (as I see it) that it would compete with the regular Bitcoin while in fact it undermined and ultimately ruined the whole SegWit2x initiative

[pokeronlinestatus]

Bitcoins not regaining dominance because it is the dominant coin in the first place so nothing could replace bitcoin would be bitcoin itself it has shown how powerful bitcoin could be even all that stress from the disastrous events like banning and arresting bitcoin has shown  its capability to recover up faster than expected.

Yes, it become very dominant in some days and then again it falls a bit but not that as you think about it. This up and down in it's price is a part of it and it can't survive without it. Its price can't become stable but it will remain variable forever because it is a digital currency and its price depend upon its demand. Yes, its price can fall but a bit not very much and if it falls, then bitcoin is capable to recover it quickly.

[streazight]

Update: bitcoin has been losing dominance, mainly vs bitcoin cash:


A bit over 5% and some people commenting recently seem to not have realized. There are some gains in dominance but from all the rest of small alts together, nothing very significant. What is significant is Bitcoin Cash spike as there are many debates on wether it will become the real Bitcoin or it is just another case of pump and dump.

Bitcoin Cash is just a shady fork by Bitmain that is trying to play central bank and protect its ASIC business. Complete waste of resources. Hopefully the new crypto investors will actually understand what Bitcoin is about and realize that Bitcoin Cash is the opposite of what Bitcoin should be and move away from it.

I feel shady is even an understatement. What most people are forgetting right now is that these dudes have a lot of resources to play with the market and I was surprised to see a lot of people thinking BCH is gaining dominance. They should just watch how the market ends up playing in few days from now.

I really pity those even trying to move in now, because they may end up being the ones to understand later on that the spike is totally different from BCH dominating the market.

[voztata]

For now bitcoin drops little bit high,but not lower than what he had when he starts regaining and i do believe in a couple of weeks bitcoin price will come up again.he drops more than 1k usd for just couple of days and it brings panic to those user that has no big faith on btc.and to those user that needs easy money.so lets just pray for another btc recovery

agree, after falling to about $5K a few days ago makes the weak hand do panic selling as usual. while people who are optimistic about bitcoin see it as an opportunity to buy more. I'm sure btc will not pass this november without new ath. Because when the price slides, the volume are keep rising. It means that more people are buying it, while its cheap.

$5k is not my buy-in price rate, I prefer to buy on rates that are lower than $5k. Wish it will just drop more so I can buy as much more. I am also thinking about buying Bitcoin Cash (BCH), seems to be another good option to buy, apart from Ethereum. I heard the price rate of BCH has been rising seriously recently, but I haven’t had chance to check it out to know whether it’s true or not.

[fianaindriati]

I think bitcoin gets dominance again in the world community, after several times falling and worse by some citizens of the world.
 but also many countries that prohibit the existence of bitcoin. I do not know why it is banned, maybe it's a government rule that must be run

Bitcoin is being banned in some of the countries because they thought that bitcoin is not a real opportunity and they are just thinking that because bitcoin is being used in the black market then bitcoin is already a bad cryptocurrency but they didn't know that if they will accept bitcoin to their country, it will bring more possibilities for sure.

That's right, they forbid bitcoin to circulate, because they do not yet know that bitcoin is beneficial and not detrimental. if it harms it all because of our own actions that manage the bitcoin.

[prtty2gal2]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

We can say that the price of bitcoin really reached a new milestone because it reached over 7K USD and that is really high. Bitcoin became known because of this. A lot of people were shocked because electronic money reached a very high price which is impossible to be bought by a normal person. The price of bitcoin is now less 7K USD but I know it will be higher in the future.

[explosion]

It seems to me bitcoin never lost its dominance and this will last still for a long period of time because digital money is associated with bitcoin

[dancingnancy]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

The best part about bitcoin is that even after having a small market cap, facing china's ban and constant volatility, it was able to hold and increase value in such a short span. Cryptocurrencies as a whole is developing as well. It didn't have a downfall as such it's just become more popular.

[Kemarit]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

The best part about bitcoin is that even after having a small market cap, facing china's ban and constant volatility, it was able to hold and increase value in such a short span. Cryptocurrencies as a whole is developing as well. It didn't have a downfall as such it's just become more popular.

Bitcoin is very resilient from such attacks, not even China announcement about bitcoin and the recent well orchestrated attack by the people behind Bitcoin Cash prevents it from going up again. Bitcoin has already captured the hearts of many investors and wouldn't let a single aggressive action against bitcoin overcome all their money in the ecosystem. Just by looking at the current price, bitcoin is becoming more popular. It never lost its dominance, just a some power grab but eventually bitcoin won. Let's see what the next challenge is, but rest assured that bitcoin will took it everything in stride.

[Getcoinsite]

It'll be interesting to see how this is going to play out. In 2013, and making the comparison is silly but what the hell, alts had a rally after BTC. However this time around alts have gone bleedin' insane for years on end while Bitcoin has done nothing at all until now.

Alt valuations are now absolutely huge and they still haven't delivered on a shred of their supposed promise. What the fuck has Dash achieved? It could be major flippening back to BTC that could either be permanent or last until there are more alts that are actually more than empty pumping.

I doubt it will be permanent, but most coins are bound to crash and burn - after all that's what happens in the venture capital scene, where on average 90% of start-ups just outright die. And that's despite very thorough due diligence by venture capitalists.
This means that we should see more altcoins dying than we see venture capital funded start-ups fail.
In that regard we're really seeing the same situation as during the dot com bubble and during penny stocks mania. But even during those times there were success stories, so it's just a matter of being more thorough than the masses in identifying realistic opportunities rather than jumping blindly at "easy money" (which doesn't exist).

your outview is right from what is the issue.actually bitcoin never loss its dominance he may loss some value but still the dominant coin of all,and about those HARD FORK issue maybe for now only few will believe on its capacity to make effect on circulation after those fail fork.

[oegarod]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

The best part about bitcoin is that even after having a small market cap, facing china's ban and constant volatility, it was able to hold and increase value in such a short span. Cryptocurrencies as a whole is developing as well. It didn't have a downfall as such it's just become more popular.

Those were very small issues compared to the large volume hacks and the negativity spreading. Some form of FUD gets around the network to make it down and support the growth of another token. In my personal thinking bitcoin doesn't seems regaining dominance, because it never gave up its domination on the cryptocurrency network.

[AlphaWolf]

It'll be interesting to see how this is going to play out. In 2013, and making the comparison is silly but what the hell, alts had a rally after BTC. However this time around alts have gone bleedin' insane for years on end while Bitcoin has done nothing at all until now.

Alt valuations are now absolutely huge and they still haven't delivered on a shred of their supposed promise. What the fuck has Dash achieved? It could be major flippening back to BTC that could either be permanent or last until there are more alts that are actually more than empty pumping.

I doubt it will be permanent, but most coins are bound to crash and burn - after all that's what happens in the venture capital scene, where on average 90% of start-ups just outright die. And that's despite very thorough due diligence by venture capitalists.
This means that we should see more altcoins dying than we see venture capital funded start-ups fail.
In that regard we're really seeing the same situation as during the dot com bubble and during penny stocks mania. But even during those times there were success stories, so it's just a matter of being more thorough than the masses in identifying realistic opportunities rather than jumping blindly at "easy money" (which doesn't exist).

your outview is right from what is the issue.actually bitcoin never loss its dominance he may loss some value but still the dominant coin of all,and about those HARD FORK issue maybe for now only few will believe on its capacity to make effect on circulation after those fail fork.

Of course Bitcoin is regaining dominance. Bitcoin always regains dominance. Bitcoin is the honeybadger of money didn't you know that? Look up what a honeybadger is and what it does. It eats everything. That's what BTC does. Any attack that comes it's way while it's trying to grow and build, it just eats it up. Then it adapts to become immune to that attack and so on and so forth.

[mOgliE]

Bitcoin is one amongst many crypto-currencies. The big game is to guess which one will take the lead, how will rates evolve, and so on.

Bitcoin is also THE emblematic crypto-currency. Because it was created long ago, because it managed to survive, because medias have chosen to put it under the spotlights? I don't know!

What is sure is that, this game occurring between crypto-currencies is way too complex to be fully understood by individuals. Bitcoin has gone through ups lately thanks to the fork (and consequently potential "free" btc) but this may not be the only explaining reason.

In short: hard to answer your question!  

[BTCMILLIONAIRE]

Update: bitcoin has been losing dominance, mainly vs bitcoin cash:


A bit over 5% and some people commenting recently seem to not have realized. There are some gains in dominance but from all the rest of small alts together, nothing very significant. What is significant is Bitcoin Cash spike as there are many debates on wether it will become the real Bitcoin or it is just another case of pump and dump.

Bitcoin Cash is just a shady fork by Bitmain that is trying to play central bank and protect its ASIC business. Complete waste of resources. Hopefully the new crypto investors will actually understand what Bitcoin is about and realize that Bitcoin Cash is the opposite of what Bitcoin should be and move away from it.

I feel shady is even an understatement. What most people are forgetting right now is that these dudes have a lot of resources to play with the market and I was surprised to see a lot of people thinking BCH is gaining dominance. They should just watch how the market ends up playing in few days from now.

I really pity those even trying to move in now, because they may end up being the ones to understand later on that the spike is totally different from BCH dominating the market.

They would definitely be going straight to jail if crypto was regulated. Or they'd just bribe themselves out of trouble like JP Morgan and other IBs and CBs do...

[rockyboy]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Of course bitcoin always regain it's dominance. The king of cryptocurrency expect that it comes first before anything else. It means that investors really trust bitcoin.

[Guzztsar]

Well if we compare it to the latest charts of a few years ago we can make a conclusion that the price can really drop a lot right now it if needs to happen.
But we can not compare those charts to ATM charts, because it is insane, right now all the market is manipulated by the whales and all the people who is investing some money on bitcoin, it can only drop if there is a terrorific notice about bitcoin in some country, only if it creates fud over the market.
But it really needs to drop a litttle before the bubble explodes.

The markets have changed drastically, so comparing to the past is probably not a great idea. Either way, rather than "manipulation" we're just seeing normal market movements in a very volatile environment with an overall upwards trend.

I agree with you about the market be volatile, but recents events made it clear that big whales really got a huge impact on the market.
The FUD was spread and the price dropped some thousands of dollars in just a few days.

[BTCMILLIONAIRE]

Well if we compare it to the latest charts of a few years ago we can make a conclusion that the price can really drop a lot right now it if needs to happen.
But we can not compare those charts to ATM charts, because it is insane, right now all the market is manipulated by the whales and all the people who is investing some money on bitcoin, it can only drop if there is a terrorific notice about bitcoin in some country, only if it creates fud over the market.
But it really needs to drop a litttle before the bubble explodes.

The markets have changed drastically, so comparing to the past is probably not a great idea. Either way, rather than "manipulation" we're just seeing normal market movements in a very volatile environment with an overall upwards trend.

I agree with you about the market be volatile, but recents events made it clear that big whales really got a huge impact on the market.
The FUD was spread and the price dropped some thousands of dollars in just a few days.

There was a big impact on the BCash market due to wash trades, but that one is relatively easy to manipulate due to its comparatively small size and lack of usage. Bitcoin is becoming harder and harder to play for crypto whales.

[Teraboy]

For now bitcoin drops little bit high,but not lower than what he had when he starts regaining and i do believe in a couple of weeks bitcoin price will come up again.he drops more than 1k usd for just couple of days and it brings panic to those user that has no big faith on btc.and to those user that needs easy money.so lets just pray for another btc recovery

agree, after falling to about $5K a few days ago makes the weak hand do panic selling as usual. while people who are optimistic about bitcoin see it as an opportunity to buy more. I'm sure btc will not pass this november without new ath. Because when the price slides, the volume are keep rising. It means that more people are buying it, while its cheap.

$5k is not my buy-in price rate, I prefer to buy on rates that are lower than $5k. Wish it will just drop more so I can buy as much more. I am also thinking about buying Bitcoin Cash (BCH), seems to be another good option to buy, apart from Ethereum. I heard the price rate of BCH has been rising seriously recently, but I haven’t had chance to check it out to know whether it’s true or not.

I'm never thinking to buy the bitcoin cash since the only mining rig that can be used to mining the bitcoin cash is only the bitmain rig itself. Just like thworh my money to the jihan wu.
But bitcoin will never go down again below $5k dollar and it seems very difficult right now.

[Guzztsar]

Well if we compare it to the latest charts of a few years ago we can make a conclusion that the price can really drop a lot right now it if needs to happen.
But we can not compare those charts to ATM charts, because it is insane, right now all the market is manipulated by the whales and all the people who is investing some money on bitcoin, it can only drop if there is a terrorific notice about bitcoin in some country, only if it creates fud over the market.
But it really needs to drop a litttle before the bubble explodes.

The markets have changed drastically, so comparing to the past is probably not a great idea. Either way, rather than "manipulation" we're just seeing normal market movements in a very volatile environment with an overall upwards trend.

I agree with you about the market be volatile, but recents events made it clear that big whales really got a huge impact on the market.
The FUD was spread and the price dropped some thousands of dollars in just a few days.

There was a big impact on the BCash market due to wash trades, but that one is relatively easy to manipulate due to its comparatively small size and lack of usage. Bitcoin is becoming harder and harder to play for crypto whales.

That's true, despite the dumps attempts, BTC has a very fast recovery, looks like he's becoming more resilient for such manipulations.

[BTCMILLIONAIRE]

Well if we compare it to the latest charts of a few years ago we can make a conclusion that the price can really drop a lot right now it if needs to happen.
But we can not compare those charts to ATM charts, because it is insane, right now all the market is manipulated by the whales and all the people who is investing some money on bitcoin, it can only drop if there is a terrorific notice about bitcoin in some country, only if it creates fud over the market.
But it really needs to drop a litttle before the bubble explodes.

The markets have changed drastically, so comparing to the past is probably not a great idea. Either way, rather than "manipulation" we're just seeing normal market movements in a very volatile environment with an overall upwards trend.

I agree with you about the market be volatile, but recents events made it clear that big whales really got a huge impact on the market.
The FUD was spread and the price dropped some thousands of dollars in just a few days.

There was a big impact on the BCash market due to wash trades, but that one is relatively easy to manipulate due to its comparatively small size and lack of usage. Bitcoin is becoming harder and harder to play for crypto whales.

That's true, despite the dumps attempts, BTC has a very fast recovery, looks like he's becoming more resilient for such manipulations.

In a few years it will be nearly impossible to manipulate BTC in any significant way. Not too much longer until we crack the trillions after all.

[dalat]

This is due to many big online stores are now accepting bitcoin

[wuvdoll]

Update: bitcoin has been losing dominance, mainly vs bitcoin cash:

[I MG]http://i68.tinypic.com/2qi4tfs.jpg[/img]

A bit over 5% and some people commenting recently seem to not have realized. There are some gains in dominance but from all the rest of small alts together, nothing very significant. What is significant is Bitcoin Cash spike as there are many debates on wether it will become the real Bitcoin or it is just another case of pump and dump.

Watch very soon when bitcoin cash gets dumped badly and then you will know which is in dominance stage or not. I am expecting it very much this week anyway when traders start pulling back into BTC once the whales start taking their profit from BCH. However, it has been a long run anyway for BCH and a very good profit for those who were lucky and wise enough to stash some.

Bitcoin has been performing for the past few months and years since it was created and launch in the public. It's dominance is again boosting from the other alternative coins because bitcoin has been credible to the masses more than ever. Also the mass is accepting bitcoin in different countries for their transactions like in Japan. Though bitcoin was banned to other countries, this crypto currency is fighting well because of the users who continuously believe in it.

It is obvious bitcoin has a lot of support than we can imagine which has made it to gain such credibility over the years and being the first on the list right from the beginning, it always will. The dominance will keep increasing as so many other countries and people all over the world keep adopting it massively which is very much expected in coming years which would keep strengthening the currency more than we can imagine.

[Chooroz]

Well bitcoin are always reagaining dominance among the rest, cryptocurrency, ever since before bitcoin is the best cryptocurrency and in many years that bitcoin is running no one cryptocurrency who beat the bitcoin, and as of bitcoin is more dominance among the other cryptocurrency because the price of bitcoin is increasing very quick.

[Razick]

I am flabbergasted at this price rise. When it was at $1,000 I did some calculations and predicted it would likely top out between $7,000 and $8,000. This is uncharted territory in a way. BTC has rarely went up more than 9x as we are seeing now, and especially with the substantial increase in market cap which I did not expect would happen so fast.

[meanwords]

To be honest, Bitcoin is already dominant from the start. Bitcoin has been around some time now and no one can beat its over all community and the supporters of it. Well, there are some altcoin that are good like ethereum, litecoin, and DeepOnion. But Bitcoin will be number one.

[Punisherx100]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Yes, It is good for our fellow users, hoping that it will be continuous. I am just glad that a lot of people are becoming interested and believing with the power of Bitcoin and to what it can do. Bitcoin community are spreading to the entire world and also to the media; but I am hoping that it will not be legalize.

[OrangeSeller]

This is due to many big online stores are now accepting bitcoin

Yes, There are so many people which are earning bitcoin just because they are able to use it in different ways. Bitcoin is the one which is highly accepted in online shopping and now many international airlines are accepting bitcoin as mode of payments.

People are using bitcoin to clear their payments and different bills. Moreover bitcoin is the one which is increasing day by day increasing in value.

[Drixy]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Yes, It is good for our fellow users, hoping that it will be continuous. I am just glad that a lot of people are becoming interested and believing with the power of Bitcoin and to what it can do. Bitcoin community are spreading to the entire world and also to the media; but I am hoping that it will not be legalize.

Well seeing some encouragemants through the years of bitcoin and it shows an unbelievable promises out of it. I am also hoping the continous growth of users all over the globe to put their trust unto bitcoin and they will not regret it.

[Sled]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Yes, It is good for our fellow users, hoping that it will be continuous. I am just glad that a lot of people are becoming interested and believing with the power of Bitcoin and to what it can do. Bitcoin community are spreading to the entire world and also to the media; but I am hoping that it will not be legalize.

Well seeing some encouragemants through the years of bitcoin and it shows an unbelievable promises out of it. I am also hoping the continous growth of users all over the globe to put their trust unto bitcoin and they will not regret it.

Indeed, putting money in bitcoin and investing what you got and the money that you can afford to lose is such a huge move for you to have a great type of investment because bitcoin is now dominant in the market and you will not regret for getting involve in bitcoin because the price of bitcoin might go up to $40,000 easily.

[Don Pedro Dinero]

This needs to be updated:



Bitcoin is regaining dominance but there has been a huge rise in the past 24 hours and I personally think it has something to do with lightning network test carried out yesterday. Price has been rising recently but dominance wasn’t so much. As you can see something happened yesterday that pushed bitcoin dominance (and price) up.

[ss890]

Bitcoin dominance is more than 60% now and that is really really huge guys. 

Never thought that bitcoin will get its status back after so much long time. I mean there was time when no coin was produced other than BTC and hence the BTC were almost 100% dominance, which was obvious. But what about now, I mean that’s really super that being hundreds of coins out there the bitcoin dominance is more than 60% and this proves that it’s powerful entity ever. Long live the bitcoin.

[Jembut Ireng]

Happy with this, what many people fear is that the number of countries that bitcoin banned do not have any impact, bitcoin performance continues to increase so as to bring good hope for the future of us all.

[BTCMILLIONAIRE]

Happy with this, what many people fear is that the number of countries that bitcoin banned do not have any impact, bitcoin performance continues to increase so as to bring good hope for the future of us all.

I don't think any places have banned Bitcoin. Not that a government has the power to do so in the first place.

[coinfinger]

To be honest, Bitcoin is already dominant from the start. Bitcoin has been around some time now and no one can beat its over all community and the supporters of it. Well, there are some altcoin that are good like ethereum, litecoin, and DeepOnion. But Bitcoin will be number one.

The dominance of any currency depend upon it's usage any demand among the people and bitcoin is popular from the start due to its benefits and properties. Bitcoin was the best currency from the start and that's why people prefer to use in rather than any other currency. If any other currency become like bitcoin and gain popularity then one day it can also achieve the position of bitcoin but in the present time it seems to be impossible.

[777asianinvasian]

Perhaps because most new people getting into bitcoin only get bitcoin at first prior and then once they learn about alts they get alts then. I think there have been a lot of newcomers lately who only got bitcoin and as a result it makes sense that the dominance has increased. Once these people get a taste of profit they may want to dabble in the more riskier but more reward filled alts which I think will happen next spring.

[n691309]

Happy with this, what many people fear is that the number of countries that bitcoin banned do not have any impact, bitcoin performance continues to increase so as to bring good hope for the future of us all.

I don't think any places have banned Bitcoin. Not that a government has the power to do so in the first place.

Yes it has happened. China has banned bitcoin back in September and October. This bitcoin has been banned all over the world. Only few countries are there who are allowing bitcoin and making it legal in their area while others have banned this from a long time and still they don’t have any intension to remove this ban. Like my country is a lively example of it. Bitcoin is banned here.

[BTCMILLIONAIRE]

Happy with this, what many people fear is that the number of countries that bitcoin banned do not have any impact, bitcoin performance continues to increase so as to bring good hope for the future of us all.

I don't think any places have banned Bitcoin. Not that a government has the power to do so in the first place.

Yes it has happened. China has banned bitcoin back in September and October. This bitcoin has been banned all over the world. Only few countries are there who are allowing bitcoin and making it legal in their area while others have banned this from a long time and still they don’t have any intension to remove this ban. Like my country is a lively example of it. Bitcoin is banned here.

Only a few countries are allowing Bitcoin? That's news to me. Most western countries and some Asian countries are very much pro-Bitcoin.

[0t3p0t]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

It is a natural occurrence in the cryptocurrency world once it goes down of course we are going to expect a sudden bounce back depending on some factors affecting the downfall or skyrocket of any coin most especially Bitcoin. Since Bitcoins adoption is increasing whether we like it or not it will soar high and form a new all time high from time to time. 2017 is the best year of Bitcoin for me because it goes like more or less twenty times higher from early 2017 until the end of the said year.

[jaysabi]

The continued drop indicates that money is flowing into alts faster than Bitcoin. One way to look at this is that there are over 1000 other alts, and for Bitcoin to be holding this level of dominance is fairly impressive. The other way to look at it is that Bitcoin is not providing the solutions or usability (read: scalability) that the market desires, and people are voting with their dollars for more worthy replacements. That's what I'd be worried about as a someone who believes that the current BTC price is sustainable. I haven't seen any good arguments for that in light of the overly congested network and unjustifiable transactions fees. There are cheaper, faster, and more scalable alts on the market right now, making a flippening all the more likely as Bitcoin continues to fail under network stress and becomes less competitive day by day to more nimble alternatives.

[Don Pedro Dinero]

The continued drop indicates that money is flowing into alts faster than Bitcoin. One way to look at this is that there are over 1000 other alts, and for Bitcoin to be holding this level of dominance is fairly impressive. The other way to look at it is that Bitcoin is not providing the solutions or usability (read: scalability) that the market desires, and people are voting with their dollars for more worthy replacements. That's what I'd be worried about as a someone who believes that the current BTC price is sustainable. I haven't seen any good arguments for that in light of the overly congested network and unjustifiable transactions fees. There are cheaper, faster, and more scalable alts on the market right now, making a flippening all the more likely as Bitcoin continues to fail under network stress and becomes less competitive day by day to more nimble alternatives.

Yes, fees and speed of transactions are a huge problem nowadays and this is something Lightning Network promises to solve but it will still take at least 6 months to be implemented, at the very least, probably longer, whereas nowadays other alts solve those problems.

Bitcoin has been losing dominance, but it’s been different from what happened earlier in the year, where it lost dominance vs Ethereum. Ethereum doesn’t seem so much of a threat now. Bitcoin Cash and Ripple have taken most of the dominance recently away from bitcoin and also a big bunch of alts al together, so it seems to me your diagnose is right.

[FeArZ]

Bitcoin is one amongst many crypto-currencies. The big game is to guess which one will take the lead, how will rates evolve, and so on.

Bitcoin is also THE emblematic crypto-currency. Because it was created long ago, because it managed to survive, because medias have chosen to put it under the spotlights? I don't know!

What is sure is that, this game occurring between crypto-currencies is way too complex to be fully understood by individuals. Bitcoin has gone through ups lately thanks to the fork (and consequently potential "free" btc) but this may not be the only explaining reason.

In short: hard to answer your question!  

It's difficult to accept, however it's actual, they confine bitcoin to hover, since they don't yet understand that bitcoin is profitable and not negative. in case it harms everything because of our own conduct that arrangement with the bitcoin.

[CongHoan]

If btc's down no coin could grow strong

[nelsledma]

Bitcoin is one amongst many crypto-currencies. The big game is to guess which one will take the lead, how will rates evolve, and so on.

Bitcoin is also THE emblematic crypto-currency. Because it was created long ago, because it managed to survive, because medias have chosen to put it under the spotlights? I don't know!

What is sure is that, this game occurring between crypto-currencies is way too complex to be fully understood by individuals. Bitcoin has gone through ups lately thanks to the fork (and consequently potential "free" btc) but this may not be the only explaining reason.

In short: hard to answer your question!  

It's difficult to accept, however it's actual, they confine bitcoin to hover, since they don't yet understand that bitcoin is profitable and not negative. in case it harms everything because of our own conduct that arrangement with the bitcoin.

There is nothing surprising in this thing as this was very much expected thing and that this will keep on happening in the future as well. It is because of the reason that with every passing day, bitcoin is gaining more and more trust of the people who are investing in it and the ones who want to invest in it as they really know the worth of it and will keep on praising bitcoin because of the change which it bought in their lives.

[Rasshemark]

I think Bitcoin never did go down or being surpassed by any other Altcoins. Most of these Altcoins are up for a show that they didn't even last longer while Bitcoin is not doing anything.It's hard to believe, but it's true, they restrict bitcoin to circle, since they don't yet realize that bitcoin is advantageous and not negative.

[symbian]

It's tough to just accept, but it's actual, they confine bitcoin to hover, since they do not however perceive that bitcoin is profitable and not negative. just in case it harms everything due to our own conduct that arrangement with the bitcoin.

[Demughni]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.

http://i64.tinypic.com/dh4xx.jpg

Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

in future day, maybe trader bitcoin want to the bitcoin prices always dominance. So am I,must be sure.

[miltonpogi]

Well, sometimes we think that bitcoin are weaken because its price has drop in a huge amount, but we are wrong in that part because bitcoin is still become a powerful cryptocurrency that most of the other coin compet to it.

[coinnoo]

Bitcoin has always played a dominant role in the Cryptocurrency market since it was created. In the past few years, Bitcon has had a big change in the market. And there are also new Altcoin created to compete with Bitcoin. But really this is very difficult. When focusing on the Cryptocurrency market, people concentrate on research and investing primarily in Bitcoin. The position of Bitcoin in the present time is extremely important.

[nightfury]

It's just a matter of time before bitcoin will have a full recovery starting this week. Cryptomarkets have from bloody red to green now. So while you can still buy cryptos at a lower price today, then go and buy some more for the bull run is about to begin.

[ronics]

I assume that bitcoin will always be above all other cryptocurrency bitcoin is the first cryptocurrency and that it feeds a lot .it broke the and showed to all people what the cryptocurrency could be or become and then it was not the best it wouldn't have the highest price.maybe at this time will be lost for many other or now crypto but for now its the first it mostly because of the expectations is the free money the same every the last one.

[DRVX]

If btc's down no coin could grow strong

All the cryptocurrencies have the strongest connection, and therefore, you are right here. nevertheless, I believe that Bitcoin will dominate for many years.

[liivii]

It's just a matter of time before bitcoin will have a full recovery starting this week. Cryptomarkets have from bloody red to green now. So while you can still buy cryptos at a lower price today, then go and buy some more for the bull run is about to begin.

I've read a thread here that somehow bitcoin will start to gain some price increase on second week of April and I think it's a good news for us who keep believing of rising up again by bitcoin. Maybe the problems are solved by now but expect more are to come because of bitcoin popularity on the internet. I know there are people who are against bitcoin and giving negativity is all they do everyday to make bitcoin become worst and totally lose in the market, but still bitcoin surpasses them because bitcoin is too powerful that it can change a life of someone.

[Markperop]

It's just a matter of time before bitcoin will have a full recovery starting this week. Cryptomarkets have from bloody red to green now. So while you can still buy cryptos at a lower price today, then go and buy some more for the bull run is about to begin.

I've read a thread here that somehow bitcoin will start to gain some price increase on second week of April and I think it's a good news for us who keep believing of rising up again by bitcoin. Maybe the problems are solved by now but expect more are to come because of bitcoin popularity on the internet. I know there are people who are against bitcoin and giving negativity is all they do everyday to make bitcoin become worst and totally lose in the market, but still bitcoin surpasses them because bitcoin is too powerful that it can change a life of someone.

I am sure that you have changed the life of many, because I am one of their number. But to date, if a person is an investor in Bitcoin, then I do not envy him. I am a happy worker who does some work and gets a fee for crypto currency. So I earn. Perhaps that is why the unprecedented flows on the market did not greatly affect me.

[guoyu78]

If btc's down no coin could grow strong

Bitcoin is not in general to be the decrease or inverse of other coins if it itself decreases but if we commonly look into the market the demand for Bitcoin is at the top and then gradually the other altcoins and ethereum and so on,. Bitcoin has its own demand and supply according to the market and other coins have their own so there is not connection among them but except demand.

If Bitcoin demand is decreasing then definitely if people even are not taking interest in Bitcoin which is the top currency then there is no chance for others. Now days Bitcoin price is giving the signs that the market value is going upward which is a good sign for investors.

[sana54210]

If btc's down no coin could grow strong

Bitcoin is not in general to be the decrease or inverse of other coins if it itself decreases but if we commonly look into the market the demand for Bitcoin is at the top and then gradually the other altcoins and ethereum and so on,. Bitcoin has its own demand and supply according to the market and other coins have their own so there is not connection among them but except demand.

If Bitcoin demand is decreasing then definitely if people even are not taking interest in Bitcoin which is the top currency then there is no chance for others. Now days Bitcoin price is giving the signs that the market value is going upward which is a good sign for investors.

Since the time this bitcoin has come into existence, the only thing which we have experienced is that the number of people who knows about bitcoin is increasing and that we never heard of any such news that bitcoin is going to have less demand in the international market. The decrease in the market value is something else but even at such times, bitcoin has managed to make a very good image in the society.

[Bustart]

If btc's down no coin could grow strong

Bitcoin is not in general to be the decrease or inverse of other coins if it itself decreases but if we commonly look into the market the demand for Bitcoin is at the top and then gradually the other altcoins and ethereum and so on,. Bitcoin has its own demand and supply according to the market and other coins have their own so there is not connection among them but except demand.

If Bitcoin demand is decreasing then definitely if people even are not taking interest in Bitcoin which is the top currency then there is no chance for others. Now days Bitcoin price is giving the signs that the market value is going upward which is a good sign for investors.

Since the time this bitcoin has come into existence, the only thing which we have experienced is that the number of people who knows about bitcoin is increasing and that we never heard of any such news that bitcoin is going to have less demand in the international market. The decrease in the market value is something else but even at such times, bitcoin has managed to make a very good image in the society.

It has been dominating in the global market since it has ever existed. Though there were times that it crashed and fell due to some factors, but still it was able to recover and continue to claim and maintain its supremacy.

[_noname_]

Bitcoin has constantly assumed an overwhelming part in the Cryptocurrency advertise since it was made. In the previous couple of years, Bitcon has had a major change in the market. What's more, there are additionally new Altcoin made to contend with Bitcoin. In any case this is exceptionally troublesome. When concentrating on the Cryptocurrency advertise, individuals focus on research and putting essentially in Bitcoin. The situation of Bitcoin in the present time is critical.

[symbian]

Bitcoin market dominance has recouped over 40 percent of its value as Ethereum's profound falls made its quality lessen strongly.
Information from Coinmarketcap shows an uptick of around two percent in the course of recent hours for Bitcoin, regardless of its cost likewise slipping downwards.
Bitcoin's offer of the cryptocurrency advertise had bottomed out at as meager as 37 percent a week ago in the midst of Ethereum's ICO hype.

[mattmct]

It  is very important to be the bitcoin value increase more and more. The bright future of the bitcoin is increasing day by day and the income of the bitcoin will give the high profit if we will invest the money in it, the price of the bitcoin is being appreciated by the people who want to make the bright future with the bitcoin and the income as well. Bitcoin never stopped dominating the market.

[PalindromemordnilaP]

Dominance is one of bitcoin's attributes being the leader of the cryptoworld. Despite bitcoin's falldown, still, it managed to rise up high showing its dominance and strength once again and making us believe that better days is always coming despite the rain.

[gabmen]

It  is very important to be the bitcoin value increase more and more. The bright future of the bitcoin is increasing day by day and the income of the bitcoin will give the high profit if we will invest the money in it, the price of the bitcoin is being appreciated by the people who want to make the bright future with the bitcoin and the income as well. Bitcoin never stopped dominating the market.

Ugh i don't know about that dude. Of course it's the pioneer and it's where all alts are basing their value but btc won't be invincible forever. And i don't think that's a bad thing. There probably will be a transition to another top alt once btc loosens its grip at the lead crypto. But for now, of course btc will be dominant, probably for the next couple of years

[webdevmastery]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Its obvious that bitcoins is tether to altcoins and other altcoins are created in order to compete with bitcoins since the price of other coins in the market is a lot cheaper and investors will have a variety to choose from.

[Jose Rizal]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

I agree with you, Bitcoin doesnt regaining dominance cause this is the dominant cryptocurrency that we have. This is the mother of the other alt coin which exists for the passed few years because of the time that some of the Bitcoin must be spliced for us to have an coin which will prevent the extinction of the existence of the currency, I believe Bitcoin will be dominant which is also came that when you say crypto most of the people will have the idea of the Bitcoin.

[nowlscor18]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Until now Bitcoin will still the greatest price value that I ever had in my life.This is my first time to participate in this kind of crypto currency but I know what's the value of it to change me and my financially  lifestyle.

[wewe123]

In the coin market index , we can see that bitcoin is regaining dominance on all altcoins, in terms of price value, that bitcoin is on top of the board ,so with this the customer could have trust in bitcoin because of its standing and popular in digital world.

[fanBit101]

In the coin market index , we can see that bitcoin is regaining dominance on all altcoins, in terms of price value, that bitcoin is on top of the board ,so with this the customer could have trust in bitcoin because of its standing and popular in digital world.

Yes, that's right. Bitcoin is always in the position of a leader. It will always have influence, importance across the crypto market. Because of the power of fame and greatness to create popularity around the world. bitcoin will continue in that position in the future.

[bulantoy12345]

Yes bitcoin is regaining and arising now at the market. Bitcoin dominates cryptocurrency for nine years and the first cryptocoin trusted by people. Bitcoin dominates cryptocurrency due to it's stability and capabilites in which bitcoin obtains and acquires the trust of the people. Bitcoin dominance will always be.

[clarky]

I think a lot of things are going on at the identical time, and most of them are favoring bitcoin. Most humans don't genuinely like the segwit2x fork, and we are hold getting information on mining pools and exchanges withdrawing their aid to NYA, so the fork might no longer happen at all. Then we have the bgold fork that is absolutely friendly, and like you said humans are watching for some free coins, so they are maintaining BTC. There are some accurate news from some banks that displaying some interest, governments that regulating and accepting BTC, and extra and more rumors from the interest of Wall Street in crypto. This gives self assurance to the market and more people purchase it. So most are in all likelihood holding, and some are buying, so the charge can solely go up proper now.

[Cryptoforus Columbus]

Maybe yes maybe no. The bitcoin has been suffering for four months, has apparent recoveries and then comes back down. We hope this is the right time.

[developer101dev]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Bitcoin today is increasing its price again back to 10k dollar so we can expect to earn more profit for those who are holding their coin for a very long time, so keep on holding till it reach 50k dollar just like what the speculations are telling.

[Hypnosis00]

There is no miracle that bitcoin can be dominating with it's price, we can now see the regaining of bitcoin's price. If the trend keeps on going upwards, there will be a big chance for us to have a 15k market price which is actually superb. Bitcoin has been running for years and we can automatically say that it's been the most reliable cryptocurrency in the world so it has the rights to regain it's high price.

[parthgajjar]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

You can see that bitocin prices are recovering very strongly in the past few days and this is a very good time for you to trade bitcoin. Increasing bitcoin has led to altcoin growth and there are now a lot of powerful altcoin pumps. Increasing market capitalization suggests investors are beginning to be more interested in bitcoin. This is a good news for the uptake. back of bitcoin.

[GreatBug]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

Look at bitcoin now, it was a long time ago when you wrote a post but nowadays bitcoin is still a leader and for me it won't change for next years, just cause of that bitcoin was first and has the most number of users which are making bitcoin "life" cause they are investing in it, they are buying and selling it so bitcoin will be last for some next years definitely at first place for me.

[romeo23]

Yes and because of following factors:Majority of trading platform use Bitcoin as the primary coin that enable one to buy any other coin.
Block chain technology enhances its security wih the number of entries it has. Since Bitcoin is the first and mostly traded platfom, it becomes more and more secure as time passes by.It will be dominant up and untill everyone starts trading in crypto currency. If everyone start trading in cryptocurrency just because of preferences and belief system other coins will also be used. Just like how we have various religions in the world even if Christianity is the most prevelant.

[setialovers]

It  is very important to be the bitcoin value increase more and more. The bright future of the bitcoin is increasing day by day and the income of the bitcoin will give the high profit if we will invest the money in it, the price of the bitcoin is being appreciated by the people who want to make the bright future with the bitcoin and the income as well. Bitcoin never stopped dominating the market.

Ugh i don't know about that dude. Of course it's the pioneer and it's where all alts are basing their value but btc won't be invincible forever. And i don't think that's a bad thing. There probably will be a transition to another top alt once btc loosens its grip at the lead crypto. But for now, of course btc will be dominant, probably for the next couple of years

Indeed, bitcoin dominant should be decrease if we want healthy market. I am believe if bitcoin dominant above more than 50%, there is many altcoin will fail to deliver their project because its not healthy for investor. I think bitcoin dominant good for market is around 30% and that will make altcoin price will rising and creating more healthy market

[tylerderden]

It  is very important to be the bitcoin value increase more and more. The bright future of the bitcoin is increasing day by day and the income of the bitcoin will give the high profit if we will invest the money in it, the price of the bitcoin is being appreciated by the people who want to make the bright future with the bitcoin and the income as well. Bitcoin never stopped dominating the market.

Ugh i don't know about that dude. Of course it's the pioneer and it's where all alts are basing their value but btc won't be invincible forever. And i don't think that's a bad thing. There probably will be a transition to another top alt once btc loosens its grip at the lead crypto. But for now, of course btc will be dominant, probably for the next couple of years

Indeed, bitcoin dominant should be decrease if we want healthy market. I am believe if bitcoin dominant above more than 50%, there is many altcoin will fail to deliver their project because its not healthy for investor. I think bitcoin dominant good for market is around 30% and that will make altcoin price will rising and creating more healthy market

Yes it is important for bitcoin to gain dominance again.It was losing its users which it has earned from the last nine years due to the fall in its value.Though it is the leading cryptocurrency but it was not that precious.But now it is a good news for all of its users.People who have invested in bitcoin are now getting profits.Bitcoin is the money earning platform for people.It has made many people rich.No other cryptocurrency has the power to overtake it.

[crazymelons12]

When bitcoin became popular it created  a name for itself and the good news about it spreads like a fire. After realizing that bitcoin is a potential for investing on coins, many then bought it in the hope that they, in the same way as others, will become rich. So immediately bitcoin rises and as a result it became so pumped up.

[Topaz72]

In the coin market index , we can see that bitcoin is regaining dominance on all altcoins, in terms of price value, that bitcoin is on top of the board ,so with this the customer could have trust in bitcoin because of its standing and popular in digital world.

Yes, that's right. Bitcoin is always in the position of a leader. It will always have influence, importance across the crypto market. Because of the power of fame and greatness to create popularity around the world. bitcoin will continue in that position in the future.

Well that’s true bitcoin is being famous all over the world and now everyone is really demanding for bitcoin for high profit and exact price to get it, bitcoin has unstoppable demand which is increasing more den more, bitcoin is leader for all other currency because it is the first crypt currency which was invented 9 years ago, till now bitcoin obtained a lot of popularity and changes in price have occurred but still bitcoin is the most important currency in crypto currency,

[lastnumber]

Bitcoin is growing in popularity and importance in the Cryptocurrency market. Upon knowing the role and effect of Bitcoin, the user will agree to select Bitcoin for his trading activities by Bitcoin really fast and safely. Bitcoin's position is the most important in the Cryptocurrency market. However, Bitcoin has been fluctuating in recent days, which has also affected investor sentiment. But that is just the law for the development of Bitcoin.

[resty]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I dont think Bitcoin ever lose its dominance. Even though a lot of alts are rising Bitcoin will still the foundation of them. Bitcoin never lose its dominance in reality it's just that these new alts caught the attention of the people in the start but only few of them maintain their greatness unlike Bitcoin. Bitcoin is the most powerful of all cryptos.

[CheraFaye]

I think bitcoin regaining dominance since the first hardfork, the result of the hardfork is quite valuable so people expecting another free coin from the next hardfork and causing the demand volume to increase pretty quick and high, in the end bitcoin will still dominating because all of the alt coins exchange token is btc, so no matter how great an alt coin it will never beat bitcoin dominance

[Elmughni]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes , I agree mate. Bitcoin is the first crypto currency, Bitcoin will always be above all other coin. Bitcoin is the King of crypto.

[andriarto]

In the coin market index , we can see that bitcoin is regaining dominance on all altcoins, in terms of price value, that bitcoin is on top of the board ,so with this the customer could have trust in bitcoin because of its standing and popular in digital world.

Yes, that's right. Bitcoin is always in the position of a leader. It will always have influence, importance across the crypto market. Because of the power of fame and greatness to create popularity around the world. bitcoin will continue in that position in the future.

Well that’s true bitcoin is being famous all over the world and now everyone is really demanding for bitcoin for high profit and exact price to get it, bitcoin has unstoppable demand which is increasing more den more, bitcoin is leader for all other currency because it is the first crypt currency which was invented 9 years ago, till now bitcoin obtained a lot of popularity and changes in price have occurred but still bitcoin is the most important currency in crypto currency,

Moreover, with many countries starting to regulate bitcoin, this will bring investors to buy it with protected by legitimate law, so the future of btc will be bright later, and people start to switch to btc investment too

[cherrymobile]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

It is normal.bitcoin regaining dominance. We should read more about this cause we all know that it is important. Cryptocurrencies nation.or system nowadays need to be special and we should learn something about this. This  moment is occurring so rare so think rice

[Tungsten-1]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I dont think Bitcoin ever lose its dominance. Even though a lot of alts are rising Bitcoin will still the foundation of them. Bitcoin never lose its dominance in reality it's just that these new alts caught the attention of the people in the start but only few of them maintain their greatness unlike Bitcoin. Bitcoin is the most powerful of all cryptos.

Bitcoin has been dominated and is dominating from its vary beginning and there is no another currency that can compete with Bitcoin. The reason of the popularity and reputation of Bitcoin is due to its features and functions and there is no another currency that has features and functions like the Bitcoin that is why Bitcoin is the choice of people and has dominancy over the market.

[Krillin61]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I dont think Bitcoin ever lose its dominance. Even though a lot of alts are rising Bitcoin will still the foundation of them. Bitcoin never lose its dominance in reality it's just that these new alts caught the attention of the people in the start but only few of them maintain their greatness unlike Bitcoin. Bitcoin is the most powerful of all cryptos.

Bitcoin has been dominated and is dominating from its vary beginning and there is no another currency that can compete with Bitcoin. The reason of the popularity and reputation of Bitcoin is due to its features and functions and there is no another currency that has features and functions like the Bitcoin that is why Bitcoin is the choice of people and has dominancy over the market.

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

let's say that lately price of ETH is closer to BTC, but the bitcoin now is regaining it's dominance in crypto. market, the bitcoin is first coin in the market, bitcoin is the most valueable and most popular coin among all so I believe that no one can pass the bitcoin.

[Twentyonepaylots]

People are moving their alts to bitcoins because of the fork. I expect them to move back to alts after.

But yeah, Bitcoin never really lost dominance. It just regained some lost ground is all.

The Bitcoin still number one among all crypto currency coin as posted on the wall of the trading market, with the strong fundamentals, high level of confidence on the market, plus the global acceptance is growing, Bitcoin investor are coming in, and actively participating in the crypto trading market on Bitcoin. This just show that Bitcoin remain the favorite from all other ALT coin posted on the market, even with the issues posted vs. Bitcoin on Digital transaction, like the issues on Banned, the Scammer, and the persistent issue on Regulation, Bitcoin price value able to stabilized favorable to investor on the trading market. 

[Lorence.xD]

People are moving their alts to bitcoins because of the fork. I expect them to move back to alts after.

But yeah, Bitcoin never really lost dominance. It just regained some lost ground is all.

Bitcoin was hammered by a lot of issue after its ICO posting, the price value goes up and down on the market treed, base on the date the question was posted on this wall Bitcoin market status encountered a lot of issues like Banned,Scammer and the issue on Regulation yet it remains number one among all other ALT coin posted on the trading market. with high level of confidence of investor, fundamental are stable, the price value still favorable to the investor with the ups and down on the trading market. I am optimistic, that once the volume of investment on Bitcoin increase, it will remain among the top of all ALT coin on the market.

[Celebrity]

People are moving their alts to bitcoins because of the fork. I expect them to move back to alts after.

But yeah, Bitcoin never really lost dominance. It just regained some lost ground is all.

The Bitcoin still number one among all crypto currency coin as posted on the wall of the trading market, with the strong fundamentals, high level of confidence on the market, plus the global acceptance is growing, Bitcoin investor are coming in, and actively participating in the crypto trading market on Bitcoin. This just show that Bitcoin remain the favorite from all other ALT coin posted on the market, even with the issues posted vs. Bitcoin on Digital transaction, like the issues on Banned, the Scammer, and the persistent issue on Regulation, Bitcoin price value able to stabilized favorable to investor on the trading market. 

In the old days, bitcoin dominance was about 50% or above and then it dropped down sharply with the crashes took place in the field. Now it's looking stable around 35% and it may go up to 40% at most, no more for now.

[Falmera]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

All types of crypto coins are volatile. They are all the same but bitcoin is still the best crypto coin. It is the most reliable and valuable coin.That is why the trust of most investors is with bitcoin. It is truly regaining now and let us look forward for higher price.

[Starving_Marvin]

Despite the fact that the bitcoin has been going through some ups and downs I believe it will get back to its leading position as soon as its value increases like in the end of the last year.

[yesuidanggan]

Since its development, bitcoin has the largest number of users and the largest network. Its development has benefited from the network effect.

Other cryptocurrencies beyond the existence of BTC theory of possibility!

[Angela28]

Bitcoin always leads the way in its dominance in the digital market. It always leads in terms of attractiveness as well as attractiveness by its inherent characteristics and values as it regains its form. ??

[squog]

I don't know why BTC keeps it's dominance over other coins. Maybe BTC is the first one so people invest on it more. Maybe the projects involved with BTC is getting stronger. Or maybe BTC is just a juggernaut by itself. But i think, if given time, other coins will catch up.

[laravuemaster]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

There will be always a time for cryptocurrency to regain its price value or the normal price in the market and that is the reason why decreasing of prices of cryptocurrency is not a bad thing because you can always earn profit by investing.

[slaman29]

I don't know why BTC keeps it's dominance over other coins. Maybe BTC is the first one so people invest on it more. Maybe the projects involved with BTC is getting stronger. Or maybe BTC is just a juggernaut by itself. But i think, if given time, other coins will catch up.

Self explanatory, by so many things, I would think. You want to come and talk about crypto? Best place is BitcoinTalk. You want to trade on an exchange? Most traded pair is Bitcoin. Want to buy things? Invest in ICOs? First choice currency is Bitcoin. You can't escape Bitcoin if you talk about crypto. Even if market dominance in this terms is reduced, Bitcoin will be the most used crypto for a long, long time. And it isn't even trying.

[Janation]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

Yes , I agree mate. Bitcoin is the first crypto currency, Bitcoin will always be above all other coin. Bitcoin is the King of crypto.

That is the only advantage of Bitcoin over other digital currencies, it is the first digital currency. If Bitcoin is not the first digital currency, I don't think that we can still say this. Bitcoin has the highest price but it don't have great features like fast transaction and anonymity like the other crypto currency has. Bitcoin will be just above other currencies in terms of its price.

[Chrystora123]

although new coins keep popping up I think Bitcoin always dominates market valuations...interest in Bitcoin is still very high in the market,
I'm not sure there will be Altcoin who can beat the dominance of Bitcoin.

[romero121]

Bitcoin along with other altcoins were gaining more dominance. After a long the market has entered the track to retain the growth that recently got disturbed due to the hard regulations that different governments had imposed upon the cryptocurrency usage.

[buwaytress]

That is the only advantage of Bitcoin over other digital currencies, it is the first digital currency. If Bitcoin is not the first digital currency, I don't think that we can still say this. Bitcoin has the highest price but it don't have great features like fast transaction and anonymity like the other crypto currency has. Bitcoin will be just above other currencies in terms of its price.

Would have to strongly disagree there... if you can only see this first-mover advantage, then you perhaps missed out a lot on the whole idea behind Bitcoin, as described subtly in the white paper, as pointed out by many early and current developers, some active on this forum.

Let us forget about price and volume, which is really all that contributes to this market dominance. And which is why even if this "dominance" drops to 5% or less, it will mean little about true dominance - the confidence and preference of its users against any other alternative.

Strip away the cosmetic superiority of altcoin's technology and Bitcoin is still unrivalled in terms of security and robustness. Bitcoin is dominant. And that dominance isn't being regained or lost, it just grows with each day, with each challenge overcome, with each alt propped up as the next pretender.

[Damn3d]

I am willing to buy some coins right away now, because I feel like missing some good stuff if I dont invest and just spectating a market

[EtherATM]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

You can see that bitocin prices are recovering very strongly in the past few days and this is a very good time for you to trade bitcoin. Increasing bitcoin has led to altcoin growth and there are now a lot of powerful altcoin pumps. Increasing market capitalization suggests investors are beginning to be more interested in bitcoin. This is a good news for the uptake. back of bitcoin.

Nothing is impossible. It goes without saying that bitcoin can gain dominance again because we all know that bitcoin is well-known for it extremely volatile. Always, we are in panic, or in surprise with its dip or drop, but finally it recovers as usual. When it comes down to bitcoin, maybe I keep myself in believing it and I’m kind of happy because it brings me a significant income. Although bitcoin fluctuates currently, many people incur loss but also many people have chances to get profits.

[logan16j]

I agree that the price correction in bitcoin is taking place now that's why the value keeps appreciating day by day and even the upcoming hard fork does not affect bitcoin price negatively. Bitcoin’s market price seems to be rising. Its price has jumped phenomenal amount in the past month. I am willing to wager that the reason for this increase in market dominance is because of the Bitcoin hard fork coming up

[harriette]

The dominance of bitcoin is not permanent and i think that after a few weeks, the price will have a correction because the people will sell their bitcoin or either go to altcoins again because the price of altcoins are low and it is a good option to just buy a lot of altcoins and hold them and wait for the recovery for a huge profit to be made.It is obvious bitcoin has a lot of support than we can imagine which has made it to gain such credibility over the years and being the first on the list right from the beginning, it always will

[think3214]

I am expecting Bitcoin price to hype like hell for the next week. Everyone would want to gain some free money from Bitcoin gold. Therefore, most people would be converting all their cryptocurrency reserves into Bitcoin for the hard fork. This is because bitcoin is continue gaining popularity that inspite of many challenges that bitcoin have experience, that instead of fall down the result become opposite in which the value become more stable and strong

[Peashooter]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I don't think Bitcoin will go down easily or maybe go down down. Since it dominated other crypto, it would be difficult to surpass their dominance. Other new crypto won't last longer, just a your suitor who just only good at first. Since Bitcoin have something established, it would be difficult to others to surpass them, even to be leveled with them.

[Daniel91]

In reality, many new people first hear about bitcoin, because bitcoin is still very popular and number 1 crypto currency in the world.
So, bitcoin s still main entry point for many new users, investors.
Usually after investing in bitcoin they became aware and interesting about other crypt currencies.
So, I really believe that for a long time bitcoin will remain on the top, as the most popular crypto.

[Uno17]

The dominance of bitcoin is already there, given that it is the leading cryptocurrency in the industry,though it suffers negative fluctuations in the market yet it remains to lead among any, for quite sometime already prices are falling down and didn’t recover yet but every bitcoiner remains supporting it, and supporters keep increasing its numbers that is why despite of the dip, it is still regaining its dominance in the market because people never lost trust.

[GangNamSK]

Despite the fact that the bitcoin has been going through some ups and downs I believe it will get back to its leading position as soon as its value increases like in the end of the last year.

I also have faith in this bitcoin's breakthrough. Hopefully it will bring the community exciting fun to the market. It also goes through many difficult years to gain a foothold in the marketplace and nothing can replace it. Bitcoin still dominates the electronic money market.

[Godday]

Despite the fact that the bitcoin has been going through some ups and downs I believe it will get back to its leading position as soon as its value increases like in the end of the last year.

I also have faith in this bitcoin's breakthrough. Hopefully it will bring the community exciting fun to the market. It also goes through many difficult years to gain a foothold in the marketplace and nothing can replace it. Bitcoin still dominates the electronic money market.

now bitcoin awaits SEC's decision to get fresh air and can also get price increases, later in September will be the price determination of bitcoin up or down

[Neraj Evad]

Bitcoin at first when it was being launched , maybe ,bitcoin has already making a dominance in the cryptocurrency world and when there is time that the bitcoin will be falling its price value then , some coins will be rising up , but they not overtake the bitcoin ranks , so when the time the  bitcoin rising up they are calling it as regaining dominance but it is already dominating in the coin market cap.

[etnichalx837]

I think bitcoin will always dominate crptocurrency, because bitcoin is a motor that is always a reference for the movement of the crypto world. Can't talk about cryptocurrency without talking about bitcoin, because bitcoin is the first, the most expensive price, the most famous, and the most hunted by investors because bitcoin has made people become millionaires. Bitcoin is an asset, the longer it is saved the greater the profit.

[people123]

I think Bitcoin never went down or being outperformed by some other Altcoins. A large portion of these Altcoins are up for a demonstrate that they didn't last more while Bitcoin isn't doing anything. These arbitrary Altcoins are continue appearing yet never last more, they were much the same as a degenerate government officials that continues promising however aren't doing anything after they win. However, Bitcoin may go down for seven days yet no Altcoins could ever going to outperform its value I presume.

[tintinbongs]

Bitcoin, the most dominant cryptocurrency in the global market, has gained more dominance over the market amidst the third worst correction in the market’s history.

[jlong187]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I'm wondering how those graphics would look like this October which is upcoming of 2018 year, because there are so many things that have changed from the time that you have wrote this article...

[cryptocurrencyguru]

Bitcoin is regaining previous dominance in market which is good sign for all the crypto traders altcoins will gain price momentum once the bitcoin is stablised in prices

[Nyenyepogi]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

this thread is 2017 so i hope the bitcoin dominance is regaining again and the value will go up again so i want to buy a lot of bitcoin but not also bitcoin als ocryptocurrency becuase i know that it will going to pump again all i neee is to be patience..

[Xenoph0bia]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

this thread is 2017 so i hope the bitcoin dominance is regaining again and the value will go up again so i want to buy a lot of bitcoin but not also bitcoin als ocryptocurrency becuase i know that it will going to pump again all i neee is to be patience..

Yes definitely Bitcoin is again gaining dominance as the price of Bitcoin is rising slowly and steadily and people are again gaining profits from Bitcoin.Investors are also getting good amount of profit returns due to the rise in price.Bitcoin is still the most valuable and expensive cryptocurrency in the market and no other digital currency has the potential to overtake it because Bitcoin has a large number of users all over the world and people have faith in Bitcoin as it had made many people rich.

[Barbut]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

this thread is 2017 so i hope the bitcoin dominance is regaining again and the value will go up again so i want to buy a lot of bitcoin but not also bitcoin als ocryptocurrency becuase i know that it will going to pump again all i neee is to be patience..

Yes definitely Bitcoin is again gaining dominance as the price of Bitcoin is rising slowly and steadily and people are again gaining profits from Bitcoin.Investors are also getting good amount of profit returns due to the rise in price.Bitcoin is still the most valuable and expensive cryptocurrency in the market and no other digital currency has the potential to overtake it because Bitcoin has a large number of users all over the world and people have faith in Bitcoin as it had made many people rich.

If you believe in just one source of informations you will be misinformed. Every information needs to be checked on several places, even infromations from coinmarket cap. This bitcoin dominance is pure speculation, do you really believe that any other coin have so big usage as bitcoin? Anyone with coin or token can manipulate with market cap, depends how much coins are premined and how many coins are in circulation, when you plan to distribute some of your coins your coin have price and market cap, that is pure manipulation.

[Mjadon15]

The notoriously volatile cryptocurrency continues to behave unpredictably.

According to cointelegraph, Retail investors wanted to find the ‘next coin,’ given what we saw in 2017. More investors were interested in ICOs and in the altcoin market, therefore, Bitcoin has seen a major down trend since December. Recently, investors are going back into the major coins; investors are saying it's safer to stay in the top five coins by market cap.

[theblack_cat]

bitcoin always dominates and it's always proven, even though every year bitcoin gets outstanding issues such as hacking or something else but still bitcoin will dominate because bitcoin is something very innovative

[lastnumber]

I do not think this is the time when Bitcoin regained control. It was so funny. Do you know the current Bitcoin price? US $ 6,400 for a BTC. It is low. Who dares to say that this is the time Bitcoin regained control. It is not clear until 2019 whether Bitcoin will reach the $ 10,000 mark. Really lack of faith.

[lastnumber]

bitcoin always dominates and it's always proven, even though every year bitcoin gets outstanding issues such as hacking or something else but still bitcoin will dominate because bitcoin is something very innovative

Thank you for the other investors optimism. But we should look at the problem in a more realistic way. Before Bitcoin peaked, I thought there would be a sign. But now, as of the end of 2018, there are no positive signs that Bitcoin will make a miracle.

[Cotton Candy]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

That is good to hear that the bitcoins are regaining their power again because having that image will of course boost the confidence of the people to futhermore hold their coins their bitcoins to be exact and that is also an investor magnet because if an investor knew that those coins are rising again they will start to invest in them again. So just see what will happen.

[Matic]

This is one of the main indicators for me which shows that bitcoin is not about to die in near time. The fact that bitcoin keeps its domination and not losing positions does matters!

[hotBriX001]

This is one of the main indicators for me which shows that bitcoin is not about to die in near time. The fact that bitcoin keeps its domination and not losing positions does matters!

Agree. Besides of huge dumped of bitcoin market but it still dominating the reputation of decentralized currencies that surely it will not easily died but rather it will regaining dominance in the near time. And this will possibly happened because of its great believers.

[bongnor531]

It feels like it never really left its dominance. Still the omega in the cryptoworld and that is unlikely to change anytime soon in my opinion

[dodgi]

It is very strange to observe and not understand why investors sell altcoins and switch to bitcoin. Maybe because they see bitcoin as more reliable. If you look at your chart, it is obvious that bitcoin is going to the top to complete domination. Well, at least to 60%

[BertoloyBTC]

Why does bitcoin will have to regain its dominance , that it was not yet surpass by any other altcoin in the coin market cap, in other thing sometime  bitcoin will lost its trust from the people because of s certain happenning in the bitcoin, but investors never mind those things.

[lamthanh3462342]

Nothing is impossible. There are so many things going on in this market, the ups and downs are indispensable in every field and every field. I do not study economics but I always tell myself that I should not be afraid of events, calm down and handle things at hand. Bitcoin fell sharply from March to June, causing investors to panic. This made me think a lot. If I had to invest in bitcoin, it was the worst fear.

[dupee419]

Yes, I don't think that the market will stay at a constant level,. it'll go up and down at an unknown.rate, BTC will continue to be as dominant as it can be, though even if it is volatile, BTC will still dominate. And the fact that a lot of altcoins are trying to dehtrone BTC is one of the reasons why BTC will have to do more and with the price flow in the market, I think that BTC will continue to dominate, however I also think that there are a lot of altcoins that can show and have potential, but it is clear that BTC will dominate.

[Viendong6158]

Bitcoins not regaining dominance because it is the dominant coin in the first place so nothing could replace bitcoin would be bitcoin itself it has shown how powerful bitcoin could be even all that stress from the disastrous events like banning and arresting bitcoin has shown  its capability to recover up faster than expected.

[BagzMM]

In my opinion, bitcoin will continue to be dominant in the cryto market though it experiences downfall but its capable to go back to its normal value or higher than we expected.

[valentine401]

In my opinion, bitcoin will continue to be dominant in the cryto market though it experiences downfall but its capable to go back to its normal value or higher than we expected.

Obviously the next pump of prices will be higher than its previous value because there are more country that has been legalized to use cryptocurrency on their area.

[Popov_popov]

Bitcoin started to upset people.  I do not even know what to do, and soon I will panic and sell everything.

[KingdomHearts]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I’m just hoping that this same thing is going to happen this year again. Some people has been saying that the price of Bitcoin will reach up to thirty thousand dollars this year and other has predicted fifty thousand dollars, I don’t know which one is correct but I’m just hoping that at least it gets to twenty thousand dollars or a bit above that price rate before the end of this year. Even if doesn’t, I invested at a lower price rate so I don’t really have any problem with it.

[Eigig]

Bitcoin did not lost dominance since it was recognized as the number one crypto coin in the market , but I think bitcoin has lost much value the other past months because of the bearish season , and now it started to regain its normal price value that it is once soaring high, it regain its value at the coin price index.

[gorodi]

bitcoin always dominates and it's always proven, even though every year bitcoin gets outstanding issues such as hacking or something else but still bitcoin will dominate because bitcoin is something very innovative

It will dominate for at least a dozen of years. After that time, I suppose, another cryptocurrency, which is safer and faster, more convenient and less volatile can appear and become the leader of the crypto market.

[fishball]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

That is probably to be the most expected outcome for bitcoin. Each one of us who is involve in cryptos, we are especially after the price hike of bitcoin to be specific. And we also hope that it will continue to prosper.

[F_Ivanov1993_]

Bitcoin will always be the most popular dominant currency of the cryptoworld.

[automaticmoney]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

[thevlox]

Bitcoin in this a lot of time has nothing. bitcoin maybe a little down down, but it is more than for the day not. bitcoin all cryptocurrency of the above. bitcoin the first cryptocurrency gives it a lot.

[setialovers]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Bitcoin domination always increase in 2018 but the price drop more than 70%. Bitcoin dominant killing others coin price and its make market cap value drop more than 60% this year from ATH.

[Quehuongchenoi]

I think bitcoin regaining dominance since the first hardfork, the result of the hardfork is quite valuable so people expecting another free coin from the next hardfork and causing the demand volume to increase pretty quick and high, in the end bitcoin will still dominating because all of the alt coins exchange token is btc.

[rickyharun]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Bitcoin domination always increase in 2018 but the price drop more than 70%. Bitcoin dominant killing others coin price and its make market cap value drop more than 60% this year from ATH.

and its make market unhealth.maybe for some any reason bitcoin and altcoin price have big differences.i hope bitcoin dominance could go back to around 35% , so altcoin price better than now.and investor could put their money bigger.

[Himanshu111]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Bitcoin domination always increase in 2018 but the price drop more than 70%. Bitcoin dominant killing others coin price and its make market cap value drop more than 60% this year from ATH.

and its make market unhealth.maybe for some any reason bitcoin and altcoin price have big differences.i hope bitcoin dominance could go back to around 35% , so altcoin price better than now.and investor could put their money bigger.

Yes definitely Bitcoin is slowly and steadily gaining its dominance again in the market.The demand of Bitcoin is again rising and so is the price.More and more people are now investing in Bitcoin due to the rise in price as they will receive good amount of profits now.It is also a positive sign for the cryptocurrency market as the prices of other cryptos and altcoins are regulated with respect to bitcoin only.Bitcoin is the father of all the cryptocurrencies.

[Angry_Bird]

I also have noticed that. I guess people tend to have more interest in BTC, it's like the symbol of the whole crypto, and it doesn't depend on any other coin.

[nealdlover]

BTC is now the top priority paid by investors and major countries in the world today. With the trend of hot and stable development, BTC gives them confidence, high security and peace of mind. At present BTC has some unusual changes but you peace of mind, patience. BTC will dominate the trading floor in excess of other currencies.

[spongegar]

True maybe then, but now BTC is kinda weak. I myself look onto another coin to invest on especially the ones that are just fresh out of their ICOs and after their pumps. This proved to be profitable but it entails a whole lot of hits and misses to get a hang of it. But then again, it is only time but BTC will get dominance again.

[eSurge]

Let's not forget about the Drivechain - it's adoption may push Bitcoin's dominance to ultimate levels.

Which is due to the fact that once activated, the Drivechain's softfork makes use of good old bitcoins on any supported chain. 

[Kurevazeyo]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Many companies issue cryptocurrency with the aim of mastering trade so that profits increase. However, the market always responds by comparing bitcoin, because bitcoin is converted to US dollars. It's very difficult for altcoin to shift the dominance of bitcoin, because the spirit of cryptocurrency is bitcoin. Without bitcoin, cryptocurrency trading is very small and unpopular.

[nhets18]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Many companies issue cryptocurrency with the aim of mastering trade so that profits increase. However, the market always responds by comparing bitcoin, because bitcoin is converted to US dollars. It's very difficult for altcoin to shift the dominance of bitcoin, because the spirit of cryptocurrency is bitcoin. Without bitcoin, cryptocurrency trading is very small and unpopular.

Bitcoin is the basis of the price of the crypto market, so when bitcoin is down the market is down too. I am not sure if there will be coins that can beat what bitcoin already achieved now.

[patarfweefwee]

It maybe just a pump or something or another. Maybr people are smart and are actually buying BTCs instead of selling them or ib the grander scheme of things, we are seeing something big for the future. One thing is clear, this bear market will not last long and we will see a bull run soon so juat buying coins now.

[Incodium Coin]

Bitcoin is the flagship cryptocurrency. It's not really a matter of dominance, but a rising Bitcoin pulls the other cryptocurrency along with it and improves market sentiment.

[nur rochid]

It maybe just a pump or something or another. Maybr people are smart and are actually buying BTCs instead of selling them or ib the grander scheme of things, we are seeing something big for the future. One thing is clear, this bear market will not last long and we will see a bull run soon so juat buying coins now.

of course many are waiting for the sec results today, and i haven't heard the results myself. but we can see that green market is quite significant. i hope the results are good and bull run will happen soon

[RadjorBlade]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Bitcoin is showing a positive sign and it is predicted that next year's prices will rise, because the price of bitcoin is like a curve, there is a downward and upward swing. Trade will return to excitement when many buyers and sellers in the bitcoin market end up with ever-increasing prices.

[jikurpa]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

I agree with your opinion about bitcoin, and in my opinion the development of the crypto currency also depends on the investor itself

[gabmen]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

I agree with your opinion about bitcoin, and in my opinion the development of the crypto currency also depends on the investor itself

Perks of being the pioneer of this technology. But change is inevitable. This market and industry is still very young with few people really understanding what it's about aside from making money and volatile price. It has a lot of room for evolution which could mean a different alpha coin in the future.

[readygoaw]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Bitcoin is showing a positive sign and it is predicted that next year's prices will rise, because the price of bitcoin is like a curve, there is a downward and upward swing. Trade will return to excitement when many buyers and sellers in the bitcoin market end up with ever-increasing prices.

I feel that the time when Bitocin will start its next run is very close. Yes, the dominance of this cryptocurrency is great - over 50-54% all the time. It is the proof of the fact that people trust BTC.

[otong]

I also have noticed that. I guess people tend to have more interest in BTC, it's like the symbol of the whole crypto, and it doesn't depend on any other coin.

I believe if Bitcoin gets a donation I think this is good and it would be nice to spread the bitcoin so that we can donate as much as possible from other countries

[sampalokmix]

I think that Bitcoin will alway be above all other cryptocurrencies. Bitcoin is first cryptocurrency and that gives it a lot. It broke the ice and showed people what cryptocurrency could be or become. Also if it was not the best, it wouldn't have the highest price. Maybe in time it will lose to some other or new crypto, but for now its first.

I agree with this, since it was a standard, up to now people were still competing what is what what is that, I think it should be clear for us that Bitcoin is the standard of any alt coins or cryptocurrency existing by now, and I guess we should be glad since Bitcoin is reigning again on market, slowly and little in amount but still be grateful, it such a wonderful blessing for everyone.

[RokokGudangGaram]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Bitcoin domination always increase in 2018 but the price drop more than 70%. Bitcoin dominant killing others coin price and its make market cap value drop more than 60% this year from ATH.

because other coins such as altcoin still use the benchmark price of bitcoin, so with a set of bitcoin prices surely the coins below will also follow and so on if I think

[superstarbtc]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

[munareal]

Bitcoin will always dominate the cryptocurrency market. It is the first cryptocurrency and most acceptable means of payment on an e-commerce platform that accepts cryptocurrencies. It is the most preferred coin in the crypto space acceptable by all crypto users.

[noormcs5]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

[LieTOme]

everything can happen without anyone knowing if bitcoin will dominate I think that is the hope of investors who have high confidence and patience

[Japinat]

everything can happen without anyone knowing if bitcoin will dominate I think that is the hope of investors who have high confidence and patience

Only this month that btc dominance is decreasing and everytime that happens it will result to good news.
We need altcoins to pump and not only bitcoin, honestly, I will be very happen if it will drop lower than 50%, yeah, and it's gonna happen.
BTC dominance now is 52.4%, before the end of the year, I'm predicting it will go lower to 50.

[Cherylstar86]

everything can happen without anyone knowing if bitcoin will dominate I think that is the hope of investors who have high confidence and patience

Only this month that btc dominance is decreasing and everytime that happens it will result to good news.
We need altcoins to pump and not only bitcoin, honestly, I will be very happen if it will drop lower than 50%, yeah, and it's gonna happen.
BTC dominance now is 52.4%, before the end of the year, I'm predicting it will go lower to 50.

Bitcoin may have its ups and downs but it doesn't mean to say that it's nearing its end. Price fluctuation is a normal trend, volatility has been its nature, with so much focus on negativities we tend to forget to take a look at the brighter side and seem to ignore its real essence. Volatility is part of market growth and in gaining profit. Life's like that, everything happens for a reason, don't panic, stay focus, believe and be hopeful that Bitcoin will soon gain its dominance.

[jakagintiri]

Yes, because in my opinion the price of Bitcoin is currently the lowest price for one year, so the price of Bitcoin is currently increasing again because of more interest from new investors, so prices rise again. Because Bitcoin is one of the best inventions of the century. So the interest to buy Bitcoin is always increasing.

[horrifiedx1]

Yes, because in my opinion the price of Bitcoin is currently the lowest price for one year, so the price of Bitcoin is currently increasing again because of more interest from new investors, so prices rise again. Because Bitcoin is one of the best inventions of the century. So the interest to buy Bitcoin is always increasing.

hopefully this will continue, this week we see green prices, and hopefully it will continue. I think there is still strong resistance that must be broken. and we expect a breakout to occur, so that the trend reversal signal starts. with such conditions, of course we will feel calm to hold it, until the expected price is reached

[millionaireshs]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

I don't think there is something especial about that matter,  price fluctuation is normal in every currency.  Volatility I'd in the nature of every crypto currency so I think everything is normal.  Competition is normal in every market that's why there are times that it was down and sometimes it is gaining it's dominance.  It all depends on the number of people who are patronizing the product.

[SeVenlast]

Yes, because in my opinion the price of Bitcoin is currently the lowest price for one year, so the price of Bitcoin is currently increasing again because of more interest from new investors, so prices rise again. Because Bitcoin is one of the best inventions of the century. So the interest to buy Bitcoin is always increasing.

hopefully this will continue, this week we see green prices, and hopefully it will continue. I think there is still strong resistance that must be broken. and we expect a breakout to occur, so that the trend reversal signal starts. with such conditions, of course we will feel calm to hold it, until the expected price is reached

Hope people start to grow with the price increase slowly nowadays. I also hope that at the beginning of 2019 Bitcoin will return at a very high price. A long wait will produce a big advantage.

[shendy]

Bitcoin has taken back the performance that had deteriorated and will now recover and occupy a better value.
The crypto market movement does have surprises that we cannot predict correctly. We will enjoy and manage it well.

[Xising]

I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .

Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.

Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.

I really hope it's the beginning. I mean, this event of the market going on a bull run has been long been awaited by everyone who is in the market, and all those others who still believes in the cryptocurrency market. But, unlike previous happenings and assumptions, I think, this time, there is proof that it is really on its way since many other coins, not just Bitcoin, have already been gaining good value. For example, Ethereum has been growing quite nicely in the past weeks, which is a good sign, too.

[carodupuis]

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

That’s a normal economics, I don’t think you need anyone to be giving you explanations all the time when such a thing happen. Even this December the price has been going up again, it goes up and it falls a bit then goes back up again. This week and last week has been the same, falling and picking up, although it’s more of going up than a falling. Hope the bulls gets in so that this will rise up once and for all.

[aris av]

Bitcoin will recover from the decline, unstable market conditions will change the price of bitcoin, declining demand makes the value of bitcoin weaker, but bitcoin has the potential to rise because bitcoin is the most valuable crypto.

[Dodoymabs]

Bitcoin has taken back the performance that had deteriorated and will now recover and occupy a better value.
The crypto market movement does have surprises that we cannot predict correctly. We will enjoy and manage it well.

Things happen for a reason and this is why we see some uptrend. Market behaves accordingly and hopefully this will continue to go up. This is why we need to be more patient which it requires some time before we can get a fruitful return.

[mornabo]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

Thats why changes in bitcoin prices are very influential on the altcoin market, when bitcoin prices fall to tens of percent, many altcoins die because of that condition, the dominance of bitcoin is around 51% now, down several percent since prices fall, if prices rise their dominance can exceed 55%, that means the trend greatly affects the dominance of bitcoin

[badungs]

In my opinion. Bitcoin will always dominate crypto currencies in the trading market. and bitcoin will continue to be a reference for altcoins. we cannot deny this, bitcoin has become the parent of all current altcoins. so this dominance will continue until an indefinite time.

[vijkaraening]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

Bitcoin can easily regain dominance in future because we had sharp falls in the value of the coin years ago and the loss was recovered so this time again the loss in the value will recover. Just stay hopeful and think positively.

[richmcrich]

Huh, was about to ask when it was halved, before taking a look at the date and seeing it was last year. Of course Bitcoin is always taking the lead and will continue to take the lead. No altcoin can compete with Bitcoin, despite it has been forked many times, BCH and Bitcoin Gold, but it still kept moving ahead of all of them. The other two halves were just failure, though BCH is still trying in the market, but the current fork on BCH has made things worst. And people even believe that it was also one of the reason for the market going down.

Bitcoin can easily regain dominance in future because we had sharp falls in the value of the coin years ago and the loss was recovered so this time again the loss in the value will recover. Just stay hopeful and think positively.

This time around it wasn’t halved or something, this is just a normal fall in the market. And Bitcoin is still dominant as it has the biggest market cap and also stands as the number one coin with the highest price too. None of these altcoins can compete with it. Even Bitcoin alone can be a good investment, there is no need for diversification.

[signup01]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

Bitcoin can easily regain dominance in future because we had sharp falls in the value of the coin years ago and the loss was recovered so this time again the loss in the value will recover. Just stay hopeful and think positively.

it's true the problem is that bitcoin is the top coin that has a lot of interest, so it's easy to restore dominance with enough support and assistance from many people like investors

[Riddikulo]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Check statistics, man. Each time, when the bulls were ruling the market, the dominance of Bitcoin used to fall down. When the bears appeared, it was growing. Now, its dominance is between 51% and 54%.

[Epimetheus]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

Bitcoin can easily regain dominance in future because we had sharp falls in the value of the coin years ago and the loss was recovered so this time again the loss in the value will recover. Just stay hopeful and think positively.

it's true the problem is that bitcoin is the top coin that has a lot of interest, so it's easy to restore dominance with enough support and assistance from many people like investors

I think bitcoin will definitely gain dominance in the coming future because it is expected that the price of Bitcoin will rise a lot and the users will get tremendous amount of property returns. Bitcoin is the topmost cryptocurrency in the market even after the fall in price and also it is the most expensive one it has the largest number of users among all the cryptocurrencies. You should stay positive and have faith in Bitcoin because it has made many people rich.

[Xk80jq]

   There are times that bitcoin is dropping into very low deep but they can be recovering easily because bitcoin is the king of cryptocurrency.all is start in bitcoin,so cryptocurrency is legacy of bitcoin.

[armarsterling7]

Bitcoin has never really lost its power. Now its price is quite low but it still accounts for more than 50% market share of the market. Although it has dropped significantly after the market correction, it still has something special. It is always an important currency.

[Burogh]

Bitcoin dominance increase because most altcoin drop more than 90%. Bitcoin dominance more than 50% from market cap value and i think its not good for altcoin. If more people more interesting to invest in bitcoin, altcoin could drop more and i think bitcoin dominance should be at 30% and that will be good for cryptomarket

[jakezyrus]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

Bitcoin can easily regain dominance in future because we had sharp falls in the value of the coin years ago and the loss was recovered so this time again the loss in the value will recover. Just stay hopeful and think positively.

it's true the problem is that bitcoin is the top coin that has a lot of interest, so it's easy to restore dominance with enough support and assistance from many people like investors

I think bitcoin will definitely gain dominance in the coming future because it is expected that the price of Bitcoin will rise a lot and the users will get tremendous amount of property returns. Bitcoin is the topmost cryptocurrency in the market even after the fall in price and also it is the most expensive one it has the largest number of users among all the cryptocurrencies. You should stay positive and have faith in Bitcoin because it has made many people rich.

I agree on you guys .  bitcoin will remain the supremacy because so far  btc has still got the highest value but let say bitcoin drops lower than any other cryptos , i think we can still say that bitcoin is still the one and the best because it is the original cryptos and others are only a replica in order to compete or in short for business purposes only .

[SeVenlast]

Bitcoin dominance increase because most altcoin drop more than 90%. Bitcoin dominance more than 50% from market cap value and i think its not good for altcoin. If more people more interesting to invest in bitcoin, altcoin could drop more and i think bitcoin dominance should be at 30% and that will be good for cryptomarket

How Altcoin will go up if Bitcoin is getting worse and worse every day and no good points are seen. All will feel the same if the queen of all types of coins has decreased. Nothing can be done at this time by holding for a long time.

[Pattart]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

Bitcoin can easily regain dominance in future because we had sharp falls in the value of the coin years ago and the loss was recovered so this time again the loss in the value will recover. Just stay hopeful and think positively.

it's true the problem is that bitcoin is the top coin that has a lot of interest, so it's easy to restore dominance with enough support and assistance from many people like investors

I think bitcoin will definitely gain dominance in the coming future because it is expected that the price of Bitcoin will rise a lot and the users will get tremendous amount of property returns. Bitcoin is the topmost cryptocurrency in the market even after the fall in price and also it is the most expensive one it has the largest number of users among all the cryptocurrencies. You should stay positive and have faith in Bitcoin because it has made many people rich.

The dominance of bitcoin declined a few percent when prices fell, I think it affected marketcaps and made the dominance of bitcoin falter. but you're right, bitcoin is still the main investment for investors and that's the key, as long as it's still there the dominance of bitcoin will stay..

[reynald70]

Yes, in my opinion Bitcoin prices will strengthen again after the decline, because Bitcoin has a good future, the concept of Bitcoin is to leave FIAT money which tends to be very government-controlled, while Bitcoin is very rule-free, so the world community will buy Bitcoin for long-term investment.

[Altf4]

Bitcoin dominance increase because most altcoin drop more than 90%. Bitcoin dominance more than 50% from market cap value and i think its not good for altcoin. If more people more interesting to invest in bitcoin, altcoin could drop more and i think bitcoin dominance should be at 30% and that will be good for cryptomarket

How Altcoin will go up if Bitcoin is getting worse and worse every day and no good points are seen. All will feel the same if the queen of all types of coins has decreased. Nothing can be done at this time by holding for a long time.

As always the altcoin will still go along with bitcoin , because as of now bitcoin is still in dominance among all altcoin in the market , so if the bitcoin will falldown ,the other altcoin will also goes down in the market, altcoin can rose up high when bitcoin and ethereum are still down in value in the market.

[Stac]

 We can hope that by the end of this year  Bitcoin will regain its dominance in  cryptocurrency market  in terms of market capitalization .and also we can trust that financial  regulators will soften their stance and .Bitcoin will regain its dominance it is supported by the ever growing. complexity among altcoins most occurred in the Bitcoin cash eco-system .Bitcoin had a bad year in 2018 that the digital currency lost almost 73% of its value . There are  reasons like proliferation of  altcoins  that expanded the horizontal supply of currencies .The lack of transparency in  ICOs it has turned the cryptocurrency markets to scare investors away from Bitcoin investing .

[laredo7mm]

Marketcap from cryptocurrency is currently dominated by bitcoin. the volume is so large in the market. and when prices experience an increase it also makes an increase in bitcoin

[befriendmywater]

We can hope that by the end of this year  Bitcoin will regain its dominance in  cryptocurrency market  in terms of market capitalization .and also we can trust that financial  regulators will soften their stance and .Bitcoin will regain its dominance it is supported by the ever growing. complexity among altcoins most occurred in the Bitcoin cash eco-system .Bitcoin had a bad year in 2018 that the digital currency lost almost 73% of its value . There are  reasons like proliferation of  altcoins  that expanded the horizontal supply of currencies .The lack of transparency in  ICOs it has turned the cryptocurrency markets to scare investors away from Bitcoin investing .

I quite agree with your many views. but the lack of transparency in the ICO has led to the lack of investors in the crypto market. I think that ICO projects are invested by a large part of their partners, almost gaining softcap. then, whether the outside investor community wants to contribute to the project is another story.
cash flow always flows in a circle and if ICO projects die, there will still be better ways to raise capital such as STO and IEO without affecting the market.

[Canoppo99]

Halving is the main factor, if we look back in 2015 bitcoin marketcap is only USD 6.45 bn , 2016 is USD 15.49 bn, 2017 is USD 237 bn, 2018 is decreased gradually to USD 66.8 bn. I think altcoin isn't get stronger but bitcoin which weakening. Now halving makes people attention focus on bitcoin so it become stronger again.

[PlusOne88]

Bitcoin always dominates the cryptocurrency. The only problem since that fall of the market was bearish trends that have lasted even until this present. Everything was going a bit stable though since it hit the $3,000 level. If this is the rock bottom as of now then the possibility of bitcoin going up is always very much possible anytime from now. Many are really awaiting for it to pump again up once more.