Bitcoin domination era is over?

[nunzio2012]

Hi,

Bitcoin domination is under 40% and Ripple is exploding.

Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?

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[Naficopa]

Hi,

Bitcoin domination is under 40% and Ripple is exploding.

Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?

I don't think bitcoin domination is over. It's still the most popular cryptocurrency. Maybe someday it will happen, but you have for a long time to wait.

[NUFCrichard]

If another coin takes over from Bitcoin as number 1, then Bicoin's domination will be over.
ETH actually got fairly close once, but it was a blip.  XRP is in a super bubble, it will fall back down.

There is so much new money in crypto at the moment and Bicoin has been sideways/down for 3 weeks (i know how ridiculous that sounds) so people are moving into Alts. Bitcoin is still THE coin. Ripple especially is more complicated than Bitcoin and lacks most of the advantages of Bitcoin (as well as some obvious disadvantages)

[qwertyup23]

Hi,

Bitcoin domination is under 40% and Ripple is exploding.

Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?

I don't think bitcoin domination is over. It's still the most popular cryptocurrency. Maybe someday it will happen, but you have for a long time to wait.

People tend to think that once the prices decrease, another cryptocurrency will dominate the market. Well if you are looking for short-term gains, then investing into some altcoins like ethereum, lite coin, ripple, etc. might be a good idea due to their potential in price. But bitcoin's price has been a little-stable since its price drop last month. It has been staying around the $14,000 mark. Personally, I found it funny that people who complain about NOT investing into bitcoin when its price skyrocketed up to $20,000 are the same people who are attacking and saying bitcoin's era is over. Embrace the opportunity and let time do its magic.

[Don Pedro Dinero]

Hi,

Bitcoin domination is under 40% and Ripple is exploding.

Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?

I don't think bitcoin domination is over. It's still the most popular cryptocurrency. Maybe someday it will happen, but you have for a long time to wait.

People tend to think that once the prices decrease, another cryptocurrency will dominate the market. Well if you are looking for short-term gains, then investing into some altcoins like ethereum, lite coin, ripple, etc. might be a good idea due to their potential in price. But bitcoin's price has been a little-stable since its price drop last month. It has been staying around the $14,000 mark. Personally, I found it funny that people who complain about NOT investing into bitcoin when its price skyrocketed up to $20,000 are the same people who are attacking and saying bitcoin's era is over. Embrace the opportunity and let time do its magic.

Yes, we can’t just look at the dominance ratio as if that was the only important factor. At the beginning of this year, $14.000 per bitcoin seemed too optimistic and here we are.

One thing is true, the problem about speed of transactions and fees must be solved. The sooner, the better. Otherwise I do think there is real risk that some alt will take over bitcoin as the number one currency.

[BitHodler]

People for once should stop paying attention to market caps. Market caps don't say anything about acceptance, usage, and the list goes on. Ripple is centralized corporation garbage that has no real use.

It's funny that always noobs end up worrying about market caps. It shows how little they know about this market and how insignificant market caps really are. Altcoins battle with each other, not with Bitcoin.

And honestly speaking, the top altcoins according to me serve the lowest form of purpose, especially in case of Ripple. The best altcoins solving problems are way lower valued than all this hype driven garbage.

[talkbitcoin]

when a coin worth less than $2 is getting close to bitcoin which is above $13000 and you are talking about dominance, you have to start thinking something is wrong with what you are saying!

i mean seriously you are talking about taking over bitcoin with a coin worth $2. where in the world does that sound like a "take over"?

not to mention how centralized they both are and how it keeps pulling out billions of token out of their ass.

[TERA2]

Yes bitcoin is going down the drain. That's why it's up 1500% this year.

[Lucius]

when a coin worth less than $2 is getting close to bitcoin which is above $13000 and you are talking about dominance, you have to start thinking something is wrong with what you are saying!

i mean seriously you are talking about taking over bitcoin with a coin worth $2. where in the world does that sound like a "take over"?

not to mention how centralized they both are and how it keeps pulling out billions of token out of their ass.

People just look at the numbers and they do not see the overall picture,it only shows that it is very easy to manipulate with the market.Many altcoins see their chance to push forward in this hard time for BTC regarding slow transaction and high fees.Since most users are in crypto world just for quick profit and they look only numbers such headlines do not surprise me personally.

I do not see any other coin on that marketcap which has a long-term future,but developers in BTC world have to take some action urgently and start to solving scalability problem-without some improvements in this regard it is difficult that progress can be made.

[949miner]

Probably yes, the dominance is everyday getting more lower, and that is really preocupant.

I always knew that there was going to be a good correction at some point, or just at any time, but not this kind of huge correction like we are having right now.

Bitcoin domination is under 40% and Ripple is exploding.
Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?

I still have hopes about what is going to happen about bitcoin, but seeing that it has less than a thirty six percent of dominance is a worrying situation.

[Don Pedro Dinero]

Probably yes, the dominance is everyday getting more lower, and that is really preocupant.

I always knew that there was going to be a good correction at some point, or just at any time, but not this kind of huge correction like we are having right now.

Excuse me? I completely disagree with you. This is not, at all, a huge correction. This is what is normal to be happening after a year of insane returns. The only thing is, if there weren’t alts gaining market cap vs. bitcoin, people wouldn’t worry as much

We are having a normal correction and it seems that if bitcoin price doesn’t keep growing 50% every month at least, this is the end of the world.

[wildflower18]

I dont think bitcoin domination era is over though price is dropping fast still I have faith in bitcoin. Actually this is normal that we can see of the price drops so fast. Thus, this is not over yet and time will come to rose again.

[ParabellumLite]

when a coin worth less than $2 is getting close to bitcoin which is above $13000 and you are talking about dominance, you have to start thinking something is wrong with what you are saying!

i mean seriously you are talking about taking over bitcoin with a coin worth $2. where in the world does that sound like a "take over"?

not to mention how centralized they both are and how it keeps pulling out billions of token out of their ass.

My god, are you for real here? I mean, is this the level of Hero Members here nowadays?
Do you even know what supply is?

[Fortify]

Bitcoin is another form of money, so it has to compete with all others. I think it has become a victim of it's own success, by receiving a massive amount of inward investment recently. That has caused the blockchain to slow down and transaction costs to increase. If it costs you $15 to send $20, then it has less value. It may however still be useful for larger and fewer transactions.

[PricklyPear1]

when a coin worth less than $2 is getting close to bitcoin which is above $13000 and you are talking about dominance, you have to start thinking something is wrong with what you are saying!

i mean seriously you are talking about taking over bitcoin with a coin worth $2. where in the world does that sound like a "take over"?

not to mention how centralized they both are and how it keeps pulling out billions of token out of their ass.

My god, are you for real here? I mean, is this the level of Hero Members here nowadays?
Do you even know what supply is?

I never pay attention to the titles. They mean shit. I just opened an account a while ago so I could start adding to the conversations, but I have been in BTC since back in the faucet days.

[ParabellumLite]

when a coin worth less than $2 is getting close to bitcoin which is above $13000 and you are talking about dominance, you have to start thinking something is wrong with what you are saying!

i mean seriously you are talking about taking over bitcoin with a coin worth $2. where in the world does that sound like a "take over"?

not to mention how centralized they both are and how it keeps pulling out billions of token out of their ass.

My god, are you for real here? I mean, is this the level of Hero Members here nowadays?
Do you even know what supply is?

I never pay attention to the titles. They mean shit. I just opened an account a while ago so I could start adding to the conversations, but I have been in BTC since back in the faucet days.

In the past you could actually pick out the knowledgeable types by use of titles (and account age), but that was mostly around 2013/2014. Indeed, nowadays its value appeared to have gone down the drain.

[Yatsan]

Hi,

Bitcoin domination is under 40% and Ripple is exploding.

Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?

No , I think thid is not the end for Bitcoin. What we are experiencing is only part of its volatility so what we should do is to just patiently wait. Holidays are ending which is believed to be the reason that makes the market price of Bitcoin low. And after holidays, its value is expected to be more expensive and will continuously increase eventually.

[Washball]

Bitcoin still dominates, there should be no doubt about that. Although altcoins are moving very fast, it doesn't mean Bitcoin domination is over. Not yet. However, it seems that some altcoins could overtake the position of Bitcoin as cryptocurrency. If issues like high fees and slow transactions are not eliminated it could be over. Litecoin and ripple are coming up and as currencies they have better advantages.

[Nubitcoinerr]

Not over, but the tide is shifting.

[greensheep]

bitcoin has died many times

https://99bitcoins.com/bitcoinobituaries/