Bitcoin regaining dominance.

[RokokGudangGaram]

Bitcoin is regaining dominance is a positive sign for the entire industry sooner we can expect altcoins previous values come up and cryptocurrency look positive bull rally about to happen

Bitcoin domination always increase in 2018 but the price drop more than 70%. Bitcoin dominant killing others coin price and its make market cap value drop more than 60% this year from ATH.

because other coins such as altcoin still use the benchmark price of bitcoin, so with a set of bitcoin prices surely the coins below will also follow and so on if I think

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[superstarbtc]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

[munareal]

Bitcoin will always dominate the cryptocurrency market. It is the first cryptocurrency and most acceptable means of payment on an e-commerce platform that accepts cryptocurrencies. It is the most preferred coin in the crypto space acceptable by all crypto users.

[noormcs5]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

[LieTOme]

everything can happen without anyone knowing if bitcoin will dominate I think that is the hope of investors who have high confidence and patience

[Japinat]

everything can happen without anyone knowing if bitcoin will dominate I think that is the hope of investors who have high confidence and patience

Only this month that btc dominance is decreasing and everytime that happens it will result to good news.
We need altcoins to pump and not only bitcoin, honestly, I will be very happen if it will drop lower than 50%, yeah, and it's gonna happen.
BTC dominance now is 52.4%, before the end of the year, I'm predicting it will go lower to 50.

[Cherylstar86]

everything can happen without anyone knowing if bitcoin will dominate I think that is the hope of investors who have high confidence and patience

Only this month that btc dominance is decreasing and everytime that happens it will result to good news.
We need altcoins to pump and not only bitcoin, honestly, I will be very happen if it will drop lower than 50%, yeah, and it's gonna happen.
BTC dominance now is 52.4%, before the end of the year, I'm predicting it will go lower to 50.

Bitcoin may have its ups and downs but it doesn't mean to say that it's nearing its end. Price fluctuation is a normal trend, volatility has been its nature, with so much focus on negativities we tend to forget to take a look at the brighter side and seem to ignore its real essence. Volatility is part of market growth and in gaining profit. Life's like that, everything happens for a reason, don't panic, stay focus, believe and be hopeful that Bitcoin will soon gain its dominance.

[jakagintiri]

Yes, because in my opinion the price of Bitcoin is currently the lowest price for one year, so the price of Bitcoin is currently increasing again because of more interest from new investors, so prices rise again. Because Bitcoin is one of the best inventions of the century. So the interest to buy Bitcoin is always increasing.

[horrifiedx1]

Yes, because in my opinion the price of Bitcoin is currently the lowest price for one year, so the price of Bitcoin is currently increasing again because of more interest from new investors, so prices rise again. Because Bitcoin is one of the best inventions of the century. So the interest to buy Bitcoin is always increasing.

hopefully this will continue, this week we see green prices, and hopefully it will continue. I think there is still strong resistance that must be broken. and we expect a breakout to occur, so that the trend reversal signal starts. with such conditions, of course we will feel calm to hold it, until the expected price is reached

[millionaireshs]

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



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

Any ideas about why this is happening?

I don't think there is something especial about that matter,  price fluctuation is normal in every currency.  Volatility I'd in the nature of every crypto currency so I think everything is normal.  Competition is normal in every market that's why there are times that it was down and sometimes it is gaining it's dominance.  It all depends on the number of people who are patronizing the product.

[SeVenlast]

Yes, because in my opinion the price of Bitcoin is currently the lowest price for one year, so the price of Bitcoin is currently increasing again because of more interest from new investors, so prices rise again. Because Bitcoin is one of the best inventions of the century. So the interest to buy Bitcoin is always increasing.

hopefully this will continue, this week we see green prices, and hopefully it will continue. I think there is still strong resistance that must be broken. and we expect a breakout to occur, so that the trend reversal signal starts. with such conditions, of course we will feel calm to hold it, until the expected price is reached

Hope people start to grow with the price increase slowly nowadays. I also hope that at the beginning of 2019 Bitcoin will return at a very high price. A long wait will produce a big advantage.

[shendy]

Bitcoin has taken back the performance that had deteriorated and will now recover and occupy a better value.
The crypto market movement does have surprises that we cannot predict correctly. We will enjoy and manage it well.

[Xising]

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

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

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

I really hope it's the beginning. I mean, this event of the market going on a bull run has been long been awaited by everyone who is in the market, and all those others who still believes in the cryptocurrency market. But, unlike previous happenings and assumptions, I think, this time, there is proof that it is really on its way since many other coins, not just Bitcoin, have already been gaining good value. For example, Ethereum has been growing quite nicely in the past weeks, which is a good sign, too.

[carodupuis]

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



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

Any ideas about why this is happening?

That’s a normal economics, I don’t think you need anyone to be giving you explanations all the time when such a thing happen. Even this December the price has been going up again, it goes up and it falls a bit then goes back up again. This week and last week has been the same, falling and picking up, although it’s more of going up than a falling. Hope the bulls gets in so that this will rise up once and for all.

[aris av]

Bitcoin will recover from the decline, unstable market conditions will change the price of bitcoin, declining demand makes the value of bitcoin weaker, but bitcoin has the potential to rise because bitcoin is the most valuable crypto.

[Dodoymabs]

Bitcoin has taken back the performance that had deteriorated and will now recover and occupy a better value.
The crypto market movement does have surprises that we cannot predict correctly. We will enjoy and manage it well.

Things happen for a reason and this is why we see some uptrend. Market behaves accordingly and hopefully this will continue to go up. This is why we need to be more patient which it requires some time before we can get a fruitful return.

[mornabo]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

Thats why changes in bitcoin prices are very influential on the altcoin market, when bitcoin prices fall to tens of percent, many altcoins die because of that condition, the dominance of bitcoin is around 51% now, down several percent since prices fall, if prices rise their dominance can exceed 55%, that means the trend greatly affects the dominance of bitcoin

[badungs]

In my opinion. Bitcoin will always dominate crypto currencies in the trading market. and bitcoin will continue to be a reference for altcoins. we cannot deny this, bitcoin has become the parent of all current altcoins. so this dominance will continue until an indefinite time.

[vijkaraening]

Bitcoin gaining dominance is a good symbol for the bull run we can expect bitcoin to be back to previous prices once the price stabilises and prepare for next bull rally

Bitcoin dominance is been above 50% for last many months and that is why the altcoins are directly dependent on bitcoins. In such dominant bitcoin market, when ever bitcoin pump or dump, all other altcoins will have severe impact.

Bitcoin can easily regain dominance in future because we had sharp falls in the value of the coin years ago and the loss was recovered so this time again the loss in the value will recover. Just stay hopeful and think positively.

[richmcrich]

Huh, was about to ask when it was halved, before taking a look at the date and seeing it was last year. Of course Bitcoin is always taking the lead and will continue to take the lead. No altcoin can compete with Bitcoin, despite it has been forked many times, BCH and Bitcoin Gold, but it still kept moving ahead of all of them. The other two halves were just failure, though BCH is still trying in the market, but the current fork on BCH has made things worst. And people even believe that it was also one of the reason for the market going down.

Bitcoin can easily regain dominance in future because we had sharp falls in the value of the coin years ago and the loss was recovered so this time again the loss in the value will recover. Just stay hopeful and think positively.

This time around it wasn’t halved or something, this is just a normal fall in the market. And Bitcoin is still dominant as it has the biggest market cap and also stands as the number one coin with the highest price too. None of these altcoins can compete with it. Even Bitcoin alone can be a good investment, there is no need for diversification.