Why the BTC dominance in Coinmarketcap is decreasing?

[ShadyMash]

 according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

[webtricks]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

The simple reason is the increasing cap of other coins. Ethereum has grown from $330 to $490 marking increase in cap by 50%. BCH increased from $350 to $1650 marking increase in cap by 500%. Several other coins like XRP, LTC, XMR, DASH also boomed.
This is because cryptocurrency market is now stable from any kind of FUD. Hence, BTC investors once again diversifying their portfolio. That's it.

[MissionPhailed]

Looks like BCH is indeed the biggest cause of the lower market cap percentage for BTC. The vast majority of alts have increased in value in the past week (measured in fiat money)

[Teodora Rizova]

Ethereum and many other altcoins are gaining ground the last week, but I don't know why.

[geo43]

Ethereum, Ripple, Bitcoin Cash, Bitcoin Gold and other altcoins continue to add to their market caps but Bitcoin is still dominating.

[Joel_Jantsen]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

What do you mean by dominance ? Those colourful charts can be easily manipulated.If you're here to throw hints about how good BCH is doing,go away!

Looks like BCH is indeed the biggest cause of the lower market cap percentage for BTC. The vast majority of alts have increased in value in the past week (measured in fiat money)

Dude,BTC is almost 10,000 usd.What the fuck are you even talking about ? BCH is being pumped deliberately,you will know what I'm talking about had you followed the arguments on r/btc.It's nothing more than another shit-coin.

[MissionPhailed]

Looks like BCH is indeed the biggest cause of the lower market cap percentage for BTC. The vast majority of alts have increased in value in the past week (measured in fiat money)

Dude,BTC is almost 10,000 usd.What the fuck are you even talking about ? BCH is being pumped deliberately,you will know what I'm talking about had you followed the arguments on r/btc.It's nothing more than another shit-coin.

What are you talking about? I'm simply describing what is clearly visible on the pic (source: coinmarketcap) I posted, and didn't make any subjective statements about BTC and BCH. Yes, BCH is indeed garbage but it doesn't change the fact that it had a significant impact on the market share of BTC.

[kimochidesh]

As crypto-market seems to quite stable nowadays, more n more new investors are jumping this market whereas old players are expanding their portfolio by investing in other altcoins. This portfolio management technique helps them to diversify the risk and increase the chance of growth. Moreover, old investors developed a faith and belief in crypto-market so they are not resistant to invest in other crypto-currencies.

[hatshepsut93]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

Because during spring 2017 nearly all altcoins got pumped like crazy, which could have been caused by the scaling debate within Bitcoin and the surge in Ethereum's price earlier. At some point during the altcoin rally Ethereum was close to overtaking Bitcoin as the coin with the biggest marketcap, but then the rally cooled down and altcoins have crashed while Bitcoin started rising. But the recent big pump in Bcash made Bitcoin's dominance drop from 60% to the current 55%. Still, it's not the reason to worry, because altcoins remain highly experimental at best and blatant scams at worst, and it is expected by many experts that many altcoins, especially ICO tokens, will crash at some point.

[cipher-x_09]

Even though bitcoin reaches 10,000 US dollars it is still not enough to increase for you? I mean seriously now bitcoin price is only natural to go down aside from the fact if it remains at high only seldom capable persons would buy from it, also the reason why its price is decreasing is also to pave way for other alternative coins to increase their coin price in the cryptocurrency world. I mean to show balance and equality between all coins but still bitcoin is the dominant force among those.

[kueyen]

Even though bitcoin reaches 10,000 US dollars it is still not enough to increase for you? I mean seriously now bitcoin price is only natural to go down aside from the fact if it remains at high only seldom capable persons would buy from it, also the reason why its price is decreasing is also to pave way for other alternative coins to increase their coin price in the cryptocurrency world. I mean to show balance and equality between all coins but still bitcoin is the dominant force among those.

This post was created back when the bitcoin price was rising very fast, so the question was why the percentage of btc was decreasing although the price was increasing. It was due to the fact that other coins were going up considerably as well.

[miyaka26]

Ethereum and many other altcoins are gaining ground the last week, but I don't know why.

Because of the cryptocurrencies trends throughout the world, yearly the number of the cryptocurrency adopters and users are increasing vastly, the more people who use and buys their coin, the more demand it imposes to the crypto, the price gets higher, another one is the upcoming upgrades and it's unique features that btc doesn't have and because of the bitcoin's price increase, if your observing the market for a quite some time, there's a time that you will notice as bitcoin's decreases its prices the same thing happens to other altcoins meaning, some altcoins are dependent to the price of bitcoin.

[Kprawn]

Those coins are being pumped and hyped to shit by scrupulous investors. When SegWit2X failed a lot of people were influenced

to buy these shit coins, because these people knew what the strategy was going to be before it failed. They probably bought a

ton of these coins when it was still cheap and now they are pumping it for profits with other people's money. 

[X7]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

The more coins are created and the more value the total tokens have - the more they make up a % of the eco system, dominance is a weird metric which they use to be honest. It going down can be GOOD - means the whole space is going UP

[Red-Apple]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

The more coins are created and the more value the total tokens have - the more they make up a % of the eco system, dominance is a weird metric which they use to be honest. It going down can be GOOD - means the whole space is going UP

nothing about it is good if you ask me because it proves that there are a lot more useless tokens are being created every day with little to no value and absolutely no usage.
and these days they keep forking bitcoin and creating a new shitcoin. each of them add at least 16-17 million dollar to total market cap and those like bitcoin gold which can gain some price add even more (5 billion in this case).

[Laland]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

The more coins are created and the more value the total tokens have - the more they make up a % of the eco system, dominance is a weird metric which they use to be honest. It going down can be GOOD - means the whole space is going UP

nothing about it is good if you ask me because it proves that there are a lot more useless tokens are being created every day with little to no value and absolutely no usage.
and these days they keep forking bitcoin and creating a new shitcoin. each of them add at least 16-17 million dollar to total market cap and those like bitcoin gold which can gain some price add even more (5 billion in this case).

Yap some token can be easily made and it can scam newbie traders who would want to earn coins. I have oserved their are a lot of tokens everyday but at the end of their project, it did not come up and would just leave their memebers on cliffhangers. Sometimes this new traders must learn hard ways to at least adopt on cryptos.

[xbl1008]

they're are many things to consider first its december and people are looking forward to some expenses to make in preparation to holiday not all is purchasable in bitcoin we really need fiat at certain point, some are putting their bitcoins in their respective wallets for safe keeping..

[BitcoinNosi]

Looks like BCH is indeed the biggest cause of the lower market cap percentage for BTC. The vast majority of alts have increased in value in the past week (measured in fiat money)

 I have never seen this graph before. Now it makes sense why there seems to be a lot of hate in bitcoin for bch..

[filharvey]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

No.Actually,BTC dominance in marketcap was around 90% earlier this year and in july 2017,it went down to almost 40% might be due to the BCH hard fork in august.

Now,its marketcap percentage is almost above 55% and i think it has recovered when we calculate from july.Since more positive factors promoting bitcoin are seen nowadays like CME,CBOE entering bitcoin market,high media exposure,etc despite garbage coins like BCH sharing some percentage of marketcap,bitcoin could be soon expected to get some more percentage of marketcap.

[HongKong]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

Bitcoin is getting more dominance because there is a lot of people holding it. A bunch of coins is going to get traded but its volume won't compare to the original crypto coin.

[khaled0111]

As you can see in the chart Bitcoin is loosing dominance against other coins (basically Ethereum and BCH).
It is completely normal and nothing to be considered as strange since it is all related to users demand and don't forget the impact of last forks on the crypto market.

We should also notice that despite this decreasing dominance, the value is increasing which is a good sign.
The cryptocurrency market is evolving and we should expect many changes like these in the future.

[filharvey]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

Its true that bitcoin had the lion's share in the coinmarketcap as it was the pioneer in crypto currencies.But later when more altcoins were created,investment was made wide spread like investing in ethereum,monero,zcash,etc.But the major reason for downfall was due to BCH getting pumped.But still,i would say that BTC in coinmarketcap is far better than before.Earlier,it was about 90% then in july 17,it fell down to 40 % and now,its nearly 55%.

[dimastegar]

Everything is clear. The dominance of Bitcoin in coinmarketcap declines because of the increasing number of new Coins and fork coins from Bitcoin. The more altcoin and fork, the more Bitcoin volumes are moved to Altcoin. Simple.

[nareshrohra]

It is not decreasing. It still got USD 187 billion. Which is more than 50% of entire cryptocurrency market. But, I it can decrease in once other alt coins pick up