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Author Topic: Bitcoin regaining dominance.  (Read 2830 times)
Don Pedro Dinero
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October 20, 2017, 08:15:57 PM
 #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?

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October 20, 2017, 08:43:55 PM
 #2

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'.
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October 20, 2017, 08:59:54 PM
 #3

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.

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October 20, 2017, 09:01:31 PM
 #4

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.

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October 20, 2017, 09:12:22 PM
 #5

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.

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October 20, 2017, 09:18:25 PM
 #6

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.

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October 20, 2017, 09:20:13 PM
 #7

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..

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October 20, 2017, 09:23:13 PM
 #8

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).

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October 20, 2017, 09:52:50 PM
 #9

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.

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October 20, 2017, 09:56:04 PM
 #10

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.

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October 20, 2017, 09:56:18 PM
 #11

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.

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October 20, 2017, 10:00:42 PM
 #12

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.

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October 20, 2017, 10:02:44 PM
 #13

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.

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October 20, 2017, 10:58:15 PM
 #14

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.


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October 20, 2017, 11:53:47 PM
 #15

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.

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October 21, 2017, 12:13:24 AM
 #16

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.

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October 21, 2017, 12:19:05 AM
 #17

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.

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October 21, 2017, 12:40:26 AM
 #18

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.

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October 21, 2017, 12:54:29 AM
 #19

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.

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October 21, 2017, 12:58:38 AM
 #20

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.
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October 21, 2017, 01:21:31 AM
 #21

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.

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October 21, 2017, 01:27:34 AM
 #22

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.

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October 21, 2017, 01:45:45 AM
 #23

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.

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October 21, 2017, 01:50:26 AM
 #24

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.

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October 21, 2017, 02:05:26 AM
 #25

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

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October 21, 2017, 02:06:37 AM
 #26

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.

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October 21, 2017, 02:51:40 AM
 #27

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!

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October 21, 2017, 02:56:39 AM
 #28

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.














 

 

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October 21, 2017, 03:13:25 AM
 #29

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.

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October 21, 2017, 03:18:04 AM
 #30

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.

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October 21, 2017, 03:43:08 AM
 #31

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.

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October 21, 2017, 03:59:14 AM
 #32

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.

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October 21, 2017, 04:20:24 AM
 #33

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..

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October 21, 2017, 04:22:26 AM
 #34

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.

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October 21, 2017, 05:59:18 AM
 #35

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.

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October 21, 2017, 07:23:03 AM
 #36

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.

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October 21, 2017, 09:23:38 AM
 #37

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.

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October 21, 2017, 10:04:27 AM
 #38

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.

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October 21, 2017, 10:16:32 AM
 #39

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.

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October 22, 2017, 05:06:32 AM
 #40

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

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October 22, 2017, 06:26:16 AM
 #41

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.

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October 22, 2017, 07:58:48 AM
 #42

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.

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October 22, 2017, 08:04:17 AM
 #43

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.

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October 22, 2017, 09:12:24 AM
 #44

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.

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October 22, 2017, 09:35:09 AM
 #45

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

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October 22, 2017, 10:05:50 AM
 #46

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.

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October 22, 2017, 10:35:09 AM
 #47

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.


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October 22, 2017, 10:44:17 AM
 #48

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.

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October 22, 2017, 10:59:48 AM
 #49

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.

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October 22, 2017, 11:02:48 AM
 #50

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.

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October 22, 2017, 11:20:09 AM
 #51

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.

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October 22, 2017, 11:31:11 AM
 #52

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.

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October 22, 2017, 11:37:45 AM
 #53

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.

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October 22, 2017, 11:39:20 AM
 #54

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.

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October 22, 2017, 11:45:29 AM
 #55

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.


     
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October 22, 2017, 11:47:35 AM
 #56

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.

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October 22, 2017, 11:58:15 AM
 #57

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.

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October 22, 2017, 02:52:34 PM
 #58

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

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October 22, 2017, 03:00:32 PM
 #59

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.

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October 22, 2017, 04:51:32 PM
 #60

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.

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October 22, 2017, 05:40:38 PM
 #61

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 .
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October 22, 2017, 06:03:08 PM
 #62

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.



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October 22, 2017, 06:23:35 PM
 #63

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.

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October 22, 2017, 06:26:28 PM
 #64

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.


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TheAndy500
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October 22, 2017, 06:30:37 PM
 #65

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.

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October 22, 2017, 06:43:32 PM
 #66

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.

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October 22, 2017, 06:43:49 PM
 #67

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.
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October 22, 2017, 06:47:27 PM
 #68

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.

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October 22, 2017, 06:49:54 PM
 #69

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.
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October 22, 2017, 08:05:48 PM
 #70

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.
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October 22, 2017, 08:10:57 PM
 #71

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.



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geopolisch
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October 22, 2017, 08:14:51 PM
 #72

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.
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October 22, 2017, 11:26:54 PM
 #73

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.
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October 22, 2017, 11:32:37 PM
 #74

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.

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October 23, 2017, 03:28:46 AM
 #75

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
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October 23, 2017, 03:50:34 AM
 #76

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. :-)



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October 23, 2017, 04:04:14 AM
 #77

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.

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October 23, 2017, 06:28:45 AM
 #78

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.

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October 23, 2017, 07:14:51 AM
 #79

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.

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October 23, 2017, 08:34:45 AM
 #80

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.



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October 23, 2017, 09:16:49 AM
 #81

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.

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October 23, 2017, 10:02:30 AM
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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.

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deisik
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October 23, 2017, 10:12:30 AM
 #83

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

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October 23, 2017, 10:52:00 AM
 #84

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. Smiley

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October 23, 2017, 11:20:28 AM
 #85

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.

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October 23, 2017, 01:10:32 PM
 #86

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.


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October 23, 2017, 02:01:06 PM
 #87

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.

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October 23, 2017, 06:11:38 PM
 #88

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.



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October 23, 2017, 06:30:13 PM
 #89

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.

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October 24, 2017, 02:51:50 AM
 #90

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.

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October 24, 2017, 03:52:31 AM
 #91

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.



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October 24, 2017, 06:19:04 AM
 #92

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.


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October 24, 2017, 06:41:04 AM
 #93

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.


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October 24, 2017, 07:37:56 AM
 #94

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. Smiley
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.


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October 24, 2017, 09:49:47 AM
 #95

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. Smiley
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.

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October 24, 2017, 04:44:19 PM
 #96

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.

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Biggapp
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October 24, 2017, 05:47:14 PM
 #97

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.

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October 24, 2017, 05:53:15 PM
 #98

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.


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October 24, 2017, 10:15:43 PM
 #99

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.



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October 24, 2017, 10:31:51 PM
 #100

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.

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October 24, 2017, 10:48:58 PM
 #101

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.

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October 24, 2017, 11:01:12 PM
 #102

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.




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October 24, 2017, 11:06:19 PM
 #103

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.

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October 24, 2017, 11:59:09 PM
 #104

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.

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October 25, 2017, 01:16:23 AM
 #105

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.