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Author Topic: Bitcoin regaining dominance.  (Read 3030 times)
malikusama
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November 07, 2017, 07:44:01 AM

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

The markets have changed drastically, so comparing to the past is probably not a great idea. Either way, rather than "manipulation" we're just seeing normal market movements in a very volatile environment with an overall upwards trend.
Exactly the market has changed a lot during the past couple of years and comparing the current scenario with the past is not good. The manipulation effect of whales over the price has decreased now due to the growing community circle and we have seen a remarkable shift of investment from alts to BTC and that's the reason why BTC is rapidly growing and regaining the dominance as the OP stated.



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November 07, 2017, 03:03:53 PM

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

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

Do you think this will change after Segwit2x fork?
No the chances of these values to change favoring ethereum instead of Bitcoin is very low. According to the present dominance chart ,Bitcoin would definitely lead the world of digital currencies for upcoming many years beating its biggest competitor with a large margin. The possibility of decrement in dominance is only if the fork occurs at the beginning of upcoming year.

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November 07, 2017, 03:45:55 PM

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

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

Do you think this will change after Segwit2x fork?
No the chances of these values to change favoring ethereum instead of Bitcoin is very low. According to the present dominance chart ,Bitcoin would definitely lead the world of digital currencies for upcoming many years beating its biggest competitor by a large margin. The possibility of decrement in dominance is only if the fork occurs at the beginning of upcoming year.
To lead the world of the digital currency seems to be a real if we are considering the fact bitcoin gain a lot of the dominance in the crypto, but you must remember if we back again to the Q1 and Q2 of this year and there is a lot of the domination from the altcoin to regain their market dominance. So, the more possibility to the bitcoin and that will be less for altcoin too.
As the major pair into all of the crypto-currency and it seems to be a usual thing.

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Thasins61
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November 07, 2017, 04:20:48 PM

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

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

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

Any ideas about why this is happening?


till now all  Economics make wrong information to detect bitcoin price because it is only depend on supply and Demand law that make no one can detect it
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November 07, 2017, 04:25:49 PM

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

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

Do you think this will change after Segwit2x fork?
No the chances of these values to change favoring ethereum instead of Bitcoin is very low. According to the present dominance chart ,Bitcoin would definitely lead the world of digital currencies for upcoming many years beating its biggest competitor by a large margin. The possibility of decrement in dominance is only if the fork occurs at the beginning of upcoming year.
To lead the world of the digital currency seems to be a real if we are considering the fact bitcoin gain a lot of the dominance in the crypto, but you must remember if we back again to the Q1 and Q2 of this year and there is a lot of the domination from the altcoin to regain their market dominance. So, the more possibility to the bitcoin and that will be less for altcoin too.
As the major pair into all of the crypto-currency and it seems to be a usual thing.

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

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November 07, 2017, 04:47:17 PM

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

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November 07, 2017, 11:55:13 PM

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

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November 08, 2017, 12:03:24 AM

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

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

what is the fork exactly?

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November 08, 2017, 12:04:43 AM

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

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

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

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November 08, 2017, 08:23:40 AM

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

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

what is the fork exactly?
It's when the blockchain (the leder that saves all transactions) splits into two. It basically creates two copies of a coin.
Not all the forks are splitting the coin into two because there are two types of forks which are the hard and the soft fork. Soft fork is a kind of fork which it just add or patch the system to become better while hard fork is a fork that creates a new coin or a copy of that coin and improve the system by putting new type of codes.

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November 08, 2017, 09:01:27 AM

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



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

Any ideas about why this is happening?

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

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November 10, 2017, 06:27:51 PM

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

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

what is the fork exactly?
It's when the blockchain (the leder that saves all transactions) splits into two. It basically creates two copies of a coin.
Not all the forks are splitting the coin into two because there are two types of forks which are the hard and the soft fork. Soft fork is a kind of fork which it just add or patch the system to become better while hard fork is a fork that creates a new coin or a copy of that coin and improve the system by putting new type of codes.
Thanks for elaborating. Slipped my mind due to the ridiculous amount of hard forks lately.

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November 10, 2017, 08:37:44 PM

Bitcoins not regaining dominance because it is the dominant coin in the first place so nothing could replace bitcoin would be bitcoin itself it has shown how powerful bitcoin could be even all that stress from the disastrous events like banning and arresting bitcoin has shown  its capability to recover up faster than expected.
What dominance of the crypto currency can we say? The fact that the Crypto-currency for today gives a very good advantage for those who are looking for alternative earnings. Of course, we should agree that this earnings are quite large, in contrast to what we can get in real life, and not on the Internet. Since Bitcoin has an advantage in the work, not everyone would like to implement it, In order not to pay taxes.

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November 10, 2017, 09:01:38 PM

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

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November 10, 2017, 10:08:29 PM

The dominance of bitcoin is not permanent and i think that after a few weeks, the price will have a correction because the people will sell their bitcoin or either go to altcoins again because the price of altcoins are low and it is a good option to just buy a lot of altcoins and hold them and wait for the recovery for a huge profit to be made.
Let us assume that we could see a very big correction ,what coins do you think will dominate bitcoin in the cryptocurrency market,i would say none,there is no coin that could have the capacity to dominate its market at the moment,the alt coin market is down and dusted because the price of bitcoin is rising to new levels and we will see a pause on that aspect for sometime,we need to see a market resurgence when it comes to good alt coin markets and hopefully we could see that.














 

 

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November 10, 2017, 10:17:53 PM

The dominance of bitcoin is not permanent and i think that after a few weeks, the price will have a correction because the people will sell their bitcoin or either go to altcoins again because the price of altcoins are low and it is a good option to just buy a lot of altcoins and hold them and wait for the recovery for a huge profit to be made.
Let us assume that we could see a very big correction ,what coins do you think will dominate bitcoin in the cryptocurrency market,i would say none,there is no coin that could have the capacity to dominate its market at the moment,the alt coin market is down and dusted because the price of bitcoin is rising to new levels and we will see a pause on that aspect for sometime,we need to see a market resurgence when it comes to good alt coin markets and hopefully we could see that.
Bitcoin is currently correcting though. And before 2020 several altcoins will untether themselves from Bitcoin, since by then real companies will start creating actual value for investors. Who knows how big they will become though. We could easily some altcoins with a market capitalization of several hundreds of billions in the future though. Just look at tech companies on the stock market for reference.

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November 11, 2017, 04:59:28 AM

Nowadays, a lot of changes and terrific happening are experiencing bitcoin. Shock moments like beating the high price and gaining a lot of investors. Bitcoin is an example of rising phenomena that everyone is waiting for.
Bitcoin is a very great technology and because of its rise, a lot of people are now getting into it but as of now, it is dumping because of the FOMO that is happening in the market of Bitcoin Cash and i think just after a few weeks, it might go back to normal where bitcoin is the one who have a lot of attention and altcoins will just kneel down for bitcoin dominance.

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November 11, 2017, 08:46:18 AM

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



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

Any ideas about why this is happening?

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

The stock exchange of bitcoin I presume. Future of bitcoin will be great  if all the stocks exchange will enter blockchain technology in a single frame. So excited to be a bitcoin fanatic until now.
Right! if we look at the performance of bitcoin and above the increase in the market price of bitcoin and that too since past few weeks, then we値l easily conclude this thing that bitcoin really has a wonderful future not only for the ones who are investing in bitcoin but also for itself. Bitcoin has lot of features which will help him in earning a very good name in the future as well.

Sensill
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November 11, 2017, 09:07:25 AM

this year bitcoin price bumped a lot it is first time see coin rise more than 700% in one year so hope to keep rise
mininglegend1234
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November 11, 2017, 09:38:13 AM

this year bitcoin price bumped a lot it is first time see coin rise more than 700% in one year so hope to keep rise
There is nothing in this world which can actually keep bitcoin for becoming not dominant. there is not other digital currency than bitcoin which will remain dominant most of the times. There is no way that we can deny this fact that bitcoin is the future. Past few days are turning out to be the best days in the history of bitcoin and there are so many people who are showing their interest in bitcoin due to this.and this is also a reality that no one can predict the future .
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