BTC Dominance: 58.9% and counting. Is altcoin market is over??

[anotherbit]

Are everyone will buy only Bitcoin. Noone need Altcoins anymore soon?

[sylance]

LOL... why must everyone look at small time frames and declare deaths.  There's a reason why BTC Dominance is so high, and it's because everyone is piling into BTC for the upcoming forks so they can get the new coins spinning out of them.  I myself am going in the opposite direction as I think Bitcoin Gold will be a spectacular failure and people will then buy into the alt world again.  I could be wrong... but with just a tiny bit of bitcoin you can buy huge amounts of alts now.  Many alt coins are down over 50% the last week.

[ChinkyEyes]

Of course not. Everybody is buying and holding bitcoin because of bitcoin gold. After the release and the dump that money will be used to buy either btc or altcoins.

[Kavallo]

This is just a fork-related dominance, it cannot last too much time. I'm expecting a spectacular twist soon.

[bundo]

Bitcoin increase in my opinion is reasonable because it is already a market law there is an increase and there is a low price

It seems that everyone still needs alticoin despite the fall in prices being hit by the impact of soaring bitcoin prices

[BayAreaCoins]

Are everyone will buy only Bitcoin. Noone need Altcoins anymore soon?

It would be harder to kill all the altcoins than it would be to nerf Bitcoin.

One subsidized mining pool by a bad character would do it for Bitcoin (miners traditionally are horribly greedy people.)

[nareshrohra]

Right now everyone is buying bitcoin to have hands on free bitcoin gold. That means altcoins will drop. you can buy some really nice ones at lower price. They are supposed to bounce back after the hard fork. Some good altcoins to own would be ETH, NEO & OMG

That's just my opinion. Please do your research before investing.

[Prodigan786]

It will not stop holding bitcoin after bitcoin fork on October 25 once they claimBitcoin gold then will hold it for November mid b2x segwit2x fork where already leading exchanges announced support for b2x . One of them is hitbtc so most of the altcoin will fail till end of November.

[HashFace]

BitCoin will probably lead for a long time as the dominate currency, but these ERC tokens, and the like, that are focused on problem solving and finding new ways to use blockchain are going to have a future, as well.

[richjohn]

There are many altcoins which have potential to get mainstream in future because of their utility. There are tokens which are designed to be used in real life transactions effectively and have actual utility that Bitcoin lacks as for now. Bitcoin enjoys the first mover advantage and will definitely dominate the market for more years to come. But that never means altcoins will not excel. Wait for some more years and let cryptos go mainstream. There will be many more dominant players in the market.

[Filmmmakerr]

Like everyone has said, its just a bloody October due to Bitcoin fork, this will all be better soon. Good time to buy alt coins with bitcoins at the end of this fork though. Everything is almost bound to double.

[elyas772]

this is only temporary, trading section is handle big part for bitcoin distribution beside mining and gambling, so altcoin market wouldn't over so easily, after fork their price will bounce again when people start to buy it

[iluvbtc]

Are everyone will buy only Bitcoin. Noone need Altcoins anymore soon?

Alt coin market will NEVER be over, I guarantee it. These are the businesses of the future and the new economy. There are a lot of scams, but the legit companies will make you millions. This is just the beginning

[thepo1m]

It is people like you that keep spread FUD that is accelerating the price crash, to be sincere I'm not surprise about this, BTC has done 6X this year so far, why ALtcoin market has done 35X sometimes this year, so anyone not expecting price correction must be a dreamer

[CryptoKranthi]

No this is temporary. The share of bitcoin is increasing rapidly from few days just simply because of two coming hardforks.After the hard fork period ends, it will be reduce in shares.

[AgatioX]

Alts now in bearish market and who knows when it will be over.But it WILL be over

[meanwords]

Come on it's just a short-term dominance because of the upcoming Bitcoin fork but once the fork is over and people start dumping their Bitcoin Gold,  most of the altcoin's price would soar high.

[traderethereum]

altcoin is not over, altcoin will rise again but we need to waiting for a while without knowing when this is over. bitcoin price now is increase so high and makes altcoin is down hard into bottom and back to the beginning price. some of the altcoin reach the price in the last year and some of the others trying to survive. bitcoin price will be in correction and we only need to be waiting otherwise we can cut loss the altcoin we have but we are just get loss in btc amount. so if we don't want to get loss, then patience will be the good answer for this.

[anotherbit]

Hope so..its just annoing to see my portfolio at the moment. I hope it will over soon. Its killing me ,some of my coins -80%. I also do not hold any single BTC.
There is no reason why BTC should be dominant in my view.

Its not developing only minor updates throw forking..

[Tokich]

Of course alt coin market is not over. Wait for the Bitcoin Gold fork, you will see money going back to alts.