Will Bitcoin's dominance stay above 50%?

[filharvey]

Bitcoin had around 80% of the crypto coins marketcap earlier.But later due to changes in market conditions,it dropped to 40%.Now once again,due to its ATH price as a result of big financial firms like CME,CBOE entering bitcoin market,its mrket has once again started to rise to 50%.I think that it would continue to increase in futureand it may reach 60%.

[lamjed]

As we are seeing these days, earning bitcoin becomes more and more hard and getting money through poosting too became limited and with a lot of rules, so i think that the future of the dominance of bitcoin will resist but with a harder way.

[Reid]

Competition is good. If not then bitcoin will not be in this place.
They need something to where they will pour the profits they made from bitcoin.
Since bitcoin price now is so calm then it might be a good idea to diversify.
Actually it is much better than staying with one. It is not about being loyal or what.

[iamzill]

With so many coins obtaining a >$1bn marketcap now (29 at time of writing) I see that BTC's dominance is at 50.0%, the other major coins have built up very quickly in the past few weeks and it looks like billions are pouring into different projects in the crypto world, to coins that provide specific solutions rather than being a 'one coin for all uses'.

If this continues I can see Bitcoin eventually equally sharing the market with other niche coins, many have predicted in the past the death of altcoins but they help strengthen the economy and trust in them is now building very fast. I think the time they stop reacting to BTC price movements so drastically is nearly here.

What do you think about the future of BTCs dominance and position as 'main player'?

we all can not know for sure how bitcoin in the future because until now there has been no provisions and the definite discourse that will guide the future bitcoin

[EcoChavCrypto]

Why do you all think that bitcoin will always have a dominance of more than fifty percent?

It is already below 49,2% right now, and i think that it will keep decreasing only because bitcoin is going down as hell right now (from $20200 to $17300 in just 36 hours)

But it does not change anything, the marketcap is still going up, the marketcap of bitcoin, is going up too., so i can not understand of what are you complaining about.

Even if it keeps it below 50% it will let people make much more money with alts instead of bitcoin.

[TheIO]

Probably not. There are a bunch of good altcoin alternatives to bitcoin, so 50% is way too high to keep i think.

[God Fist]

Bitcoin is certainly showing it's dominance over all the other cryptocurrencies , and it is very expected from the father of all cryptos to do so . Other coins aren't actually being able to keep themselves in the race with bitcoin , since it ain't the same race anymore nor the same track . Bitcoin has shown to the world that it is beyond any expectation and will continue to do so for the many years to come . Mining new coins is exponentially harder , right along with the investing rate , which won't do but make bitcoin stronger and more dominant in the scene .

[babybit2]

Still dropping and coming more in line with the rest of the market, 46.9%, I think it's a good sign that the big money is seeing value in a range of coins that can help different areas of business, services and the economy rather than banking on just one.

[Sithara007]

Still dropping and coming more in line with the rest of the market, 46.9%, I think it's a good sign that the big money is seeing value in a range of coins that can help different areas of business, services and the economy rather than banking on just one.

This is having its own advantages and disadvantages. Personally, I would prefer a strong Bitcoin, with a market dominance of >60%. Others can have their own place, but they should not pose a threat to the dominance of Bitcoin. However, right now it seems like Bitcoin is under a lot of pressure, especially from Bitcoin Cash.

[goaldigger]

I think, with bitcoin's popularity now, it can maintain its dominance if people will continue to invest on it. Its investors is its power and without people investing on it,there would be a chance that other altcoins can dominate the industry. Inspite of this, i still beleive that bitcoin can maintain its status now.

[MoonHodler]

on 2017 JUNE 17, the bitcoin market cap was 38%, and Ethereum was around 32% .. this is the one time I can recall it went below 50%

[bug.lady]

It is highly unlikely, look what is happening today: bitcoin is going down while bitcoin cash is going up to more than 20% value of bitcoin. Eventually I predict bitcoin cash to overthrow bitcoin core as a dominant "bitcoin" because the current situation with network congestion is not sustainable in bitcoin core.

[Pan Troglodytes]

Why do you all think that bitcoin will always have a dominance of more than fifty percent?

It is already below 49,2% right now, and i think that it will keep decreasing only because bitcoin is going down as hell right now (from $20200 to $17300 in just 36 hours)

Well I did not verify it myself but if that information is true it would be kind of a milestone for bitcoin and for other currencies as well.

But it does not change anything, the marketcap is still going up, the marketcap of bitcoin, is going up too., so i can not understand of what are you complaining about.

The market cap of bitcoin cannot grow at the same time as its price moves significantly down, becasue the only other factor is the quantity and the increase of the quantity is very slow. Maybe you ment the total market cap of all coins?

[Jalum]

I think, with bitcoin's popularity now, it can maintain its dominance if people will continue to invest on it. Its investors is its power and without people investing on it,there would be a chance that other altcoins can dominate the industry. Inspite of this, i still beleive that bitcoin can maintain its status now.

Bitcoin is the main coin to use and pretty much all the coins on coinmarketcap has Bitcoin tied to their prices.

[ConfusedPenguin]

The prices has been crazy the whole year, I don't see dominance being an accurate stat to be taken in care on.

[coinpimp321]

The prices has been crazy the whole year, I don't see dominance being an accurate stat to be taken in care on.

It has been historic. More headlines will be made.

[yoseph]

The prices has been crazy the whole year, I don't see dominance being an accurate stat to be taken in care on.

We have hit new heights and we had setbacks with countries banning bitcoins in their respective countries. But despite all these, we are still soaring and the most valuable cryptocurrency and it will continue to be for a very long time but i doubt that it is going to stay above 50% forever.

[Walastik]

With so many coins obtaining a >$1bn marketcap now (29 at time of writing) I see that BTC's dominance is at 50.0%, the other major coins have built up very quickly in the past few weeks and it looks like billions are pouring into different projects in the crypto world, to coins that provide specific solutions rather than being a 'one coin for all uses'.

If this continues I can see Bitcoin eventually equally sharing the market with other niche coins, many have predicted in the past the death of altcoins but they help strengthen the economy and trust in them is now building very fast. I think the time they stop reacting to BTC price movements so drastically is nearly here.

What do you think about the future of BTCs dominance and position as 'main player'?

Bitcoin's market capitalization relative to the rest of the cryptocurrency market has risen above 50% for the first time in two months, according to a popularly used metric. CoinMarketCap's Bitcoin Dominance Index has climbed as high as 51.62% today, the site reports. The last time this metric was above the 50%

[scottykarate]

BTC is still the crypto. 

[Indrawan77]

Btc will still dominated the market, most of the  investors now is investing in alt coins because  the price moves so fast when they finish they will be back to btc, no matter what btc still play important rules to trading because all of the coin can be traded using btc, and btc transactions volume is very huge so btc will keep on dominating the market just wait until the  alt coin stable and we will see btc dominating again