Bitcoin Market Dominance going back up to 80%? Alts current Status?

[very_452001]

If btc market dominance goes up then automatically alts dominance go down correct?

Will we ever see another bullish run for the Alts like we already did in Spring/Early Summer and early september where alts reached all time highs? The 2 previous all time high dates for Alts are:

20th June 17
2nd Sep 17

The above dates, what can we learn from them and how do we apply this to the bitcoin gold and segwit2x forks?

Finally when do you guys think Alts will pass the $100billion market cap and claim some dominance from bitcoin or will alts crash or become lifeless dead?

[Nathan047]

If btc market dominance goes up then automatically alts dominance go down correct?

Yup, dominance is just the percentage of the market Bitcoin holds vs the percentage of the market all altcoins added together hold.

Will we ever see another bullish run for the Alts like we already did in Spring/Early Summer and early september where alts reached all time highs?

Probably after each fork, at least until forks lose their value.

The 2 previous all time high dates for Alts are:
20th June 17, 2nd Sep 17
The above dates, what can we learn from them and how do we apply this to the bitcoin gold and segwit2x forks?

You could just use those to predict the details of another sudden rise in altcoins.

Finally when do you guys think Alts will pass the $100billion market cap and claim some dominance from bitcoin or will alts crash or become lifeless dead?

I think that altcoins and Bitcoin will continue to rise, so the altcoins might pass 100 bil dollars; but at that point Bitcoin might just be much higher.

[very_452001]

Ok the question is what you think will happen to alts price after bitcoin gold fork and segwit2x fork?

Because there's 2 separate forks happening in the same month then how does that affect the alts price?

Is it the bitcoin forks themselves that disrupt the growth of alts? Meaning if there was no bitcoin forks then where would the alts market be now?

[pugman]

If btc market dominance goes up then automatically alts dominance go down correct?

Will we ever see another bullish run for the Alts like we already did in Spring/Early Summer and early september where alts reached all time highs? The 2 previous all time high dates for Alts are:

20th June 17
2nd Sep 17

The above dates, what can we learn from them and how do we apply this to the bitcoin gold and segwit2x forks?

Finally when do you guys think Alts will pass the $100billion market cap and claim some dominance from bitcoin or will alts crash or become lifeless dead?

Hasn't bitcoin been dominating since forever? Alts some times go up when bitcoin goes up and sometimes it doesn't, it all depends on rye demand and supply of bitcoin. Before forks, there is a high demand for bitcoin just before a few days before the fork and when there is no fork then the demand is lesser, and people switch towards altcoins.

[lordzc]

f you have 80% dominoes, the subcoins will sink. 50% - 50% domino effect is the best.

[bbc.reporter]

@very_452001. The problem with 99% of the altcoins is they are pumped and dumped by whales to make bitcoins. Some of us are here to ride along with them and try to make some bitcoins, while the rest lose bitcoins and become bagholders of scam altcoins.

I reckon the forks have nothing to do with bitcoin reaching all time highs. The movement going up started happening on 2015 and has not shown any signals that it will stop.

So stop looking for answers in the wrong places and start looking for cryptocoins that are worked on by proven developers.

[puremage111]

60-65% should be the peak IMO
Bitcoin is going wildfire currently and caused most alts to drop therefore dominancy in Bitcoin raised.

However, i think there will be a minor correction after Segwit2X and then there will be a major pump again.
Why? IT is close to end of the year, companies starts paying bonus for employee who work hard.

Employee took bonus, looking for place to store their value. Where do they pick? Stocks? Bonds? Real Estates?

There will be surely a portion of people throw their money to Bitcoin and the flow goes on.

However, Alts wouldn't get hit really hard because it will soon become the alts season

[unusualfacts30]

see. alts have been been stable for few months now (after bitcoin cash fork). They should rise after november fork, that's my hope. Someone mentioned that there is another fork for bitcoin after november, if that's true we might have to wait longer. I would be happy if they continue to stay stable instead of dropping in value.

[Teraboy]

see. alts have been been stable for few months now (after bitcoin cash fork). They should rise after november fork, that's my hope. Someone mentioned that there is another fork for bitcoin after november, if that's true we might have to wait longer. I would be happy if they continue to stay stable instead of dropping in value.

After the bitcoin cash hardfork the altcoin was really stable, as you can see about the fork becomes a trend in this time rather than altcoin. because if you are holding the more bitcoin and you will receive free cash and can you tell me about someone didn't feel happy or interested to get the more free cash from the bitcoin itself? And that's free, you just never do anything.

[rayk]

80% is too high, but I believe it can happen though. Why I believe that because people are fool and don't know anything, when a coin rises, they sell everything to buy it.

[Nathan047]

I reckon the forks have nothing to do with bitcoin reaching all time highs. The movement going up started happening on 2015 and has not shown any signals that it will stop.

When Bitcoin forks people sell their alts to buy Bitcoin in hopes for free coins, both increasing the value of Bitcoin (and thus increasing it’s market cap) and decreasing the value of the alts that were sold (thus decreasing their market cap). So yes, forks do increase Bitcoin’s market cap percentage, although the below statement of yours is still very correct:

@very_452001. The problem with 99% of the altcoins is they are pumped and dumped by whales to make bitcoins. Some of us are here to ride along with them and try to make some bitcoins, while the rest lose bitcoins and become bagholders of scam altcoins.

[BMG86]

At the pace bitcoin has been rising lately, it would not surprise me to see it's dominance level back at 90 percent.

[surfinonmyownwavebaby]

At the pace bitcoin has been rising lately, it would not surprise me to see it's dominance level back at 90 percent.

I would be thoroughly surprised however. Not saying this cant happen but after the fork dont expect all the money to stay in BTC, especially if the forks are seen are worthless (*cough btcgold ahem cough* )

[ghostunicorn]

I reckon the forks have nothing to do with bitcoin reaching all time highs. The movement going up started happening on 2015 and has not shown any signals that it will stop.

When Bitcoin forks people sell their alts to buy Bitcoin in hopes for free coins, both increasing the value of Bitcoin (and thus increasing it’s market cap) and decreasing the value of the alts that were sold (thus decreasing their market cap). So yes, forks do increase Bitcoin’s market cap percentage, although the below statement of yours is still very correct:

@very_452001. The problem with 99% of the altcoins is they are pumped and dumped by whales to make bitcoins. Some of us are here to ride along with them and try to make some bitcoins, while the rest lose bitcoins and become bagholders of scam altcoins.

It can't go up to 80%, but the rise of bitcoin already damaged all the altcoins and tokens very hardly. This negative effects will be maintained for long time I think and most of us can't survive with the result.

[European Central Bank]

alts fed off bitcoin's weakness. enough people were fooled into believing that bitcoin was dying to join in the pumps that were set up for them.

once the fork bullshit is over i believe seeding those doubts won't work again. alts are always going to be a force but they won't be as strong again.

the bitcoin etf failure kicked off the latest and most epic run. if the etf had passed alts would've been destroyed in march and eth wouldn't have gotten past $10. that tells us all we need to know about how bitcoin's strength affects alt values.

[kryptqnick]

If btc market dominance goes up then automatically alts dominance go down correct?

Will we ever see another bullish run for the Alts like we already did in Spring/Early Summer and early september where alts reached all time highs? The 2 previous all time high dates for Alts are:

20th June 17
2nd Sep 17

The above dates, what can we learn from them and how do we apply this to the bitcoin gold and segwit2x forks?

Finally when do you guys think Alts will pass the $100billion market cap and claim some dominance from bitcoin or will alts crash or become lifeless dead?

Yes, as the dominance is mostly formulated in percentage (like on coinmarketcap) if btc dominance is up then altcoins altogether are not that important. I remember this summer btc dominance was about 40% and it looked like btc will never have the 'control package' anymore, but it is almost 60% right now (I don't understand where you got 80% dominance, btw).
I think alts will have their up time in the future again, just like this May. I think alts will eventually dominate the market and it will happen in a year from now and not later, because their market constantly becomes bigger as new ones appear and we can see more sophisticated projects joining the party with time and in comparison to them btc is too.. clumsy, I guess.

[European Central Bank]

I don't understand where you got 80% dominance, btw

because that's what it used to be and more until very, very recently? altcoiners should be aware that potential flippenings might look like a silly idea in the future. we'll have to sit back and see.

[rohitm]

The way I look at it, this is a good time to pick some altcoins at cheap prices. Once the fork happens and people sell their BTC, money will flow back into the altcoins.

[BitcoinGirl.Club]

If btc market dominance goes up then automatically alts dominance go down correct?

Its not a directly proportional market when it comes to bitcoin and altcoins because some altcoins tend to ride the bitcoin wave but there is a 70% chance that alts kind of go down.

Will we ever see another bullish run for the Alts like we already did in Spring/Early Summer and early september where alts reached all time highs?

The crypto economy is full of surprises, we just have to wait for it to happen but am certain that was not the first and last time it will be happening.

The 2 previous all time high dates for Alts are:

20th June 17
2nd Sep 17

The above dates, what can we learn from them and how do we apply this to the bitcoin gold and segwit2x forks?

Finally when do you guys think Alts will pass the $100billion market cap and claim some dominance from bitcoin or will alts crash or become lifeless dead?

To be honest, such dates have no influence on the crypto market but anything can happen on any given day and Alts breaching the $100billion market cap is a long way from home maybe a couple of years from now is possible and this won't write out bitcoin either.

[jmlona]

If btc market dominance goes up then automatically alts dominance go down correct?

Will we ever see another bullish run for the Alts like we already did in Spring/Early Summer and early september where alts reached all time highs? The 2 previous all time high dates for Alts are:

20th June 17
2nd Sep 17

The above dates, what can we learn from them and how do we apply this to the bitcoin gold and segwit2x forks?

Finally when do you guys think Alts will pass the $100billion market cap and claim some dominance from bitcoin or will alts crash or become lifeless dead?

I think it is inevitable that alts will regain ground and cut in to bitcoins dominance, it is 1 coin vs 1000+, long term it will be no contest and bitcoin will be lucky to remain above 10%