Bitcoin dominance dropping hard

[BBart]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

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[shursight]

This is hardly discussed in here, if you do not find those threads, then it is your fault.

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.For years bitcoin marketcap was around 90% it dropped to 40% in jun 2017 and 60%.But then it dropped to 38% today!

You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.

When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.

And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.

[bigvito19]

The more new coins that comes on the market, the more the money that will spread into those new coins

[Low Sigma]

What surprised me was the number of nodes @BTC versus ETH (for example). Ethereum has 4 times more nodes than Bitcoin.
Near term BTC will struggle given the high transaction fee.

I don't believe that if BTC will plunge massive, then the entire crypto market will go extinct. There is too much money and people who needs cryptos.

[Westingcote]

Basic economics. Bitcoin is known for shooting up and down and once it hits new heights thats when people tend to invest that new found wealth into icos.

[Gabb]

This is just a clear signal that people are realizing the limitations of bitcoin as a currency in real use, and at the moment it is only being used marginally as a store of value. Therefore, people start to explore new alternatives with greater growth potential than bitcoin or at least capable of serving the original purposes of bitcoin as a currrency or means of payment, and that is why we are seeing the revaluation of "old" coins such as Ripple and Litecoin.

[SyGambler]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

bitcoin dominance is now all time low , but it was really close to that on last June then we saw that bitcoin price went up 5-6X after
it's not something to worry about , actually this time it makes sense due the really high fees that allowed other coins to rise since some started to look for an alternative

what I wasn't expecting that ripple will pass ETH with such huge cap , but we all know that all these money will end up being transferred to bitcoin again 

[kingaltcoins]

Dominance isn't always proportional to market cap directly. It is by no means concrete, as bitcoin's interest has dipped in times of stress before. The question now, however, is what make of such downtrend.

The thing is, at the beginning of every year, the dominance percentage downtrends. Its nothing to worry about.

What surprised me was the number of nodes @BTC versus ETH (for example). Ethereum has 4 times more nodes than Bitcoin.
Near term BTC will struggle given the high transaction fee.

Number of nodes doesn't qualify the reason behind this downtrend. Bitcoin will obviously have lesser nodes than other cryptos since it has the largest blockchain of all time and selective few wants to run full node.

I don't believe that if BTC will plunge massive, then the entire crypto market will go extinct. There is too much money and people who needs cryptos.

Bitcoin is the backbone of all cryptocurrencies. It won't fall ever.

[coinycoiny]

Has the increase in tokens affected btcs dominance?

It would probably be fairer to compare btc dominance just with virtual currencies as the tokens are really meant to be a replacement for shares and would suggest that most are pretty fraudulently manipulating their price/market cap as well.

[littlewizard]

The drop is due to the problem of the high fee of bitcoin in December, and many people panic to either cash out or move to altcoins.
It is really urgent that bitcoin come up with a feasible, usable scaling approach in the next 3-6 months. Otherwise I can see things turn out ugly.

[shibaji]

Few things will push this lower:

1. Too high fees.
2. Too much time for confirmation.
3. Too less supply for demand - it is a mental block, but it matters.

First two are the killers.

[jseverson]

I think it's tied to the price loss. Bitcoin is stalling while the other cryptos are growing, so it makes sense for people to park their money in alts only to buy into Bitcoin again once it starts showing signs of a strong bull run. Since the market cap stays the same, it should be quite safe to assume that people are simply going where the money is at, and it's not on Bitcoin at the moment.

I do believe it's going to recover, but it seems like an uphill battle at the moment. Fees are still high and there's still quite a large backlog of transactions. I hope the Lightning Network comes soon, and as advertised.

[rjefferson]

This is hardly discussed in here, if you do not find those threads, then it is your fault.

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.For years bitcoin marketcap was around 90% it dropped to 40% in jun 2017 and 60%.But then it dropped to 38% today!

You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.

When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.

And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.

This exactly. Sure in the short term it has dropped, but look at the bigger picture. I remember when bitcoin was $30 lol. we have quite a ways to go.

[wilhb81]

The reason is quite simple. When there are more and more alt coins come into the market - miners and investors have more choices to pick. In this case, the dominance of Bitcoin is proportionally going down for sure. Despite it, the overall market cap for Bitcoin still in the positive direction, which is a healthy sign...

[pinkflower]

This is hardly discussed in here, if you do not find those threads, then it is your fault.

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.For years bitcoin marketcap was around 90% it dropped to 40% in jun 2017 and 60%.But then it dropped to 38% today!

You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.

When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.

And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.

Thats also a very good sign of you are an altcoin investor. No coin is losing value and yet they are gaining momentum against BTC. If you want to make some meaningful amount, now is the time to look for promising platforms to invest in. For the first half of 2018, I can see that 100x returns will happen a lot more than usual.

[Yamifoud]

It's totally a big loss those who are buying in high price, unless they never sell it today.
Even though bitcoin experiencing a huge dip, but still bitcoin dominate the numbers of investors. It could still have a chances that it will regains it dominance in the market.

[wantjokull]

Bitcoin dominance is dropping because many new coins are coming in the market. The more they come the more money drives into them from our bitcoin. This is redistribution of whole market and thus the dominance is decreased accordingly. But the one thing is clear here, market capitalisation for bitcoin stays as it is and there is no going down for that. Because people always prefer the bitcoin as primary currency of investment and thus it will not sink ever and the value will keep rising though we see decreased dominance.

[stompix]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

Because only noobs talk about market cap and dominance.
For the rest, those numbers are meaningless.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

38% out of 500 billions is more than 90% out of 50 billions.
Seems like math is not your strong point.

But when bitcoin will crash hard

Not going to happen...

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment.  Lips sealed

Yeah, nobody cares.
Because the rest are altcoins. We've seen thousands of them dying.

[mxyzptlkof6th]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

Maybe that does not apply in the case of cryptocurrencies. If bitcoin falls down, there will be a big chance that another type of coin will boom and become the next star. Hopefully, I still rely on the limitations of bitcoin so don't lose the hype for it.

[Zertoshi]

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

Perhaps another coin will become the flagship soon?

[kiwasmose]

It is sure that now bitcoin has changed from the original 90% market share dropped to 33%, this is the inevitable process, the development of digital currency to know, the original market only a few communities in the development of encryption currency, the new altcoin is of course more and more, but I think bitcoin dominance still exist no, bitcoin, other altcoin will have no value.

[Nerman]

This is hardly discussed in here, if you do not find those threads, then it is your fault.

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.For years bitcoin marketcap was around 90% it dropped to 40% in jun 2017 and 60%.But then it dropped to 38% today!

You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.

When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.

And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.

I agree, we do not need to see a dominant bitcoin, we need the crypto market to grow.

I know more and more well known companies are realizing the potential of blockchain technology and considering releasing their own coin.

[Meysa_richa]

The rising price of the coin price is very reasonable and common, and the coin value in the long run is usually more likely to rise.

[tertius993]

Perhaps because market cap is nearly meaningless for cryptos. It’s an extrapolated number calculated from a relatively small number of trades to the entire circulating supply of a particular coin; it in no way reflects actual money invested or value.

[kristensoto]

i think it is obvious nowadays because there are more and more new coins born everyday with better and more investors in them, so they are taking the dominance from bitcoin, but you should not be worry now, bitcoin is still at the highest time and still not falling down for now.

[brotherwood12]

something cant dominance anytime i think , and for this period is altcoin time , just like XRB from 5k sat into 200k sat ++ rightnow ,
and bitcoin marketcap from that more than 9k Btc , and in the future will have another BTC period i guess

[BBart]

Thanks for your replies. Could not find it with the search, maybe broken. But interesting thoughts. Except for the standard belieber replies.

Perhaps another coin will become the flagship soon?

For the big public, Bitcoin is still hard to understand. Why would an other coin convince them? For most people Crypto = Bitcoin. When bitcoin fail, the crypto will fall hard or die altogether.

This exactly. Sure in the short term it has dropped, but look at the bigger picture. I remember when bitcoin was $30 lol. we have quite a ways to go.

Sorry, but this is the most annoying argument I hear all the time, results from the past are no guarantee for the future remember. There is no logic in believing things will always go up.

[btc_angela]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

Because its completely worthless. You can't compare bitcoin dominance like 2 years ago to today.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

Yes. because all other altcoins are worthless. That's why you will hear others saying some altcoins are shitcoins. Only bitcoin is really dominating at that time. Investors are not getting into altcoin because they are not that important.

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

Even if it went down, it will be just temporary. And its also normal that they are shifting their funds to altcoin market. We have seen this before. As for me, I wouldn't worry that much. At least the money is still going around the crypto market.

[VitKoyn]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.
For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!
So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.
But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

I think it has been discussed here before. Bitcoin dominance is dropped not because investors are moving their money to other cryptocurrencies. Bitcoin have 90% of total cryptocurrency market cap last year but did you realize how much money is there on that time? and also look at Bitcoin market cap on that time and now. Cryptocurrencies are being famous because of the big profit that it can give compared to other investment that is why more people are coming in and more money are flowing not only in Bitcoin but also altcoins and I think that this is the reason why Bitcoin dominance dropped, there are also too many altcoins right now compared when Bitcoin had 90% shares on total crypto market cap, but Bitcoin will still be in the lead.

[BBart]

Perhaps because market cap is nearly meaningless for cryptos. It’s an extrapolated number calculated from a relatively small number of trades to the entire circulating supply of a particular coin; it in no way reflects actual money invested or value.

I know, is there a way to see the actual money invested? Any calculations on that?

p.s. it's now 36%  

[AzakeB]

I am not sure when the next BTC run will start or if it will ever start again, but I see the current dropping market dominance as a positive sign.
Finally altcoins are getting more attention and the more BTC loses its dominance the less altcoins are dragged by BTC.

This is wonderful and that's why I believe more than ever, that 2018 (and maybe 2019) is the year of the altcoins.

Let's enjoy experiencing the slow but rising mass adoption.

[talkbitcoin]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

are you kidding me?
every time an altcoin that has more than 100 million coins in supply is getting pumped, someone starts this pointless discussion!

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

the thing you are talking about is not bitcoin market cap it is share of the total market cap.
bitcoin market cap has been increasing day by day.

the thing is, it is very easy to create Market Cap out of the blue with the altcoins. when coins like Ripple suddenly add 10 billion coins to their circulation that will simply add 10-20 billion dollar to total market cap.

and when that happens no matter how big bitcoin market cap is, the percentage out of total will grow smaller.

[webdevmastery]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

We do not think to much about the price of bitcoins that will fall , It only means that we need to invest on the down time in the market because the prices are low and because of that  we will earn more profit when the price will rise again.

[yatno75]

I see the tendency of Bitcoin dominance to fall in January, but it will not be long, because the cryptocurrency market is always unstable, according to analys expert Bitcoin will be reach $40.000, so no need to worry about the fall of Bitcoin today

[tutorroma]

This indicates that the entire encrypted currency community is progressing. In the early days, bitcoin digital currency accounted for the entire share of 90% more altcoin into the market, means that the market is full of vitality, we can also refer to the number of investors in the new year, these data are not that bitcoin dominance decreased, this is just a normal data market expansion the.

[AgatioX]

Bitcoin's dominance may fall how much he wants.It doesnt matter.
Maybe we will even see Ripple n1 in coinmarket for some time.

That just means that altcoins and awesome projects under them do find more and more followers.

[olubams]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

There is really nothing to discuss here because the dominance based on the figure you quoted is just based on the price of the respective coins which vary as time passes. As the time you quoted the figure, the percentage is 38% where as if the price of bitcoin should take a jump to $15000 while the other alt coins suffers some amount of crash or drop in price, then it mean that the dominance of bitcoin is proclaimed just by changing of figures over a short period of time.

[munareal]

The crypto market fluctuates and nobody can predict what happens next especially with bitcoin. I still belief its the best among equals.

[Genmars]

The third week of December 2017, bitcoin value continues to experience significant fluctuations. Citing bitcoin.com, bitcon value on Monday, December 18, 2017 recorded US $ 18,989 per chip or approximately Rp 256.35 million (exchange rate Rp 13,500).

Then on Tuesday, December 19, 2017 recorded US $ 17,531 or Rp 236.66 million. On Wednesday, December 20, 2017, bitcoin value continued to decline to US $ 16,496 or Rp 222.69 million.

On Thursday, December 21, 2017 bitcoin value of US $ 15,785 per chip or Rp 213.09 million. Then on Friday December 22, 2017 recorded US $ 15,700 or Rp 211.95 million.

[bryant.coleman]

The market share is dropping with every passing hour. Right now it stands at 36.1%. Ripple is closing on the $100 billion market cap figure, and Ethereum is not far behind. Bitcoin Cash too would have joined the rally, but unfortunately the crackdown in South Korea resulted in the exchange rates dropping by almost 20% during the last few days.

[Straux]

I think you'll find that this general topic has been discussed into the ground around here. And really, its for good reason. Bitcoin is definitely becoming a lesser-dominant cryptocurrency, especially when so many are being developed and started as we speak. You've got high and slow transaction fees, high competition to Bitcoin and a growing investor interest in these altcoins. I wouldn't worry too much about it now however, with bitcoin still maintaining itself as the cryptocurrency with the largest market cap - with that rising. If we see competition such as Ripple take over - that's when we'll know we'll be in trouble.

[Rules85]

When bitcoin goes up, so bitcoin is like a vampire, altcoin will fall, but when altcoin starts to rise, there will be money out of it.

[Dava.Dina]

Cryptocurrencies are notorious for the great benefits they can afford than any other investment. That's why more and more people are coming in and more money flows not only in Bitcoin but also Altcoin, this is the reason why Bitcoin's dominance is down, but Bitcoin will still lead.

[Red-Apple]

no matter what you think or what some random number on paper says, the reality is that bitcoin's dominance has been increasing ridiculously big and fast which is nearly unbelievable.
soon bitcoin will be as popular as cash in a couple of years. but at the same time altcoins will still remain the same useless side product of bitcoin which will also always be referred to as 'alternatives'!
while bitcoin has been accepted in shops and by millions of merchants around the world offline and online (despite the current 1 month high fees), other altcoins have still 0 use cases.

[yugyug]

great correction happen every 4 years, if you observe the market for the last 4 years of bitcoin, the same cycle happen. so if you are veteran in this bitcoin investment then there's no need to worry about, it is still the history repeat itself.

[Marma Kalari]

The drop is due to the problem of the high fee of bitcoin in December, and many people panic to either cash out or move to altcoins.
It is really urgent that bitcoin come up with a feasible, usable scaling approach in the next 3-6 months. Otherwise I can see things turn out ugly.

I am confident that the issues will be sorted out in a few months time and hopefully we will be seeing the lightening transaction implemented this year,bitcoin had a big rally this past year and never expect the same kind of growth every year,this year we might see a good rally in some of the major alt coins.

[cue]

Yes, the dominance is dropping hard but still the Bitcoin remains the most dominant among the cryptocurrencies there is.  We cannot predict what will happen in the next few days or months.  People have predicted last November early on that the Bitcoin will have a price of US$ 10,000 at the end of the year 2017, but it was more than that, it even reached the price of US$ 20,000 during the period of December 2017.

[khaled0111]

Bitcoin dominance is decreasing because of the appearance of new coins that users find more profitable.
There is more concurrence between different currencies and I believe it is a good thing since only coins offering better services will survive.
Globally, the market dominance don't have any signification, you can just ignore it.

[BBart]

Funny, it was down to 31% but going up to 36% again. I guess people are changing there sh*tcoins for bitcoins to exchange them for real money.

But don't forget to HODL 

[gigatux]

maybe because of countries banning bitcoin? I heard that 8 or 9 countries banned bitcoin from domestic transaction and I also think many users are also being banned for because of some allegations.

[spiker777]

Bitcoin dominance decreases because there is an increase in altcoins, this does not mean Bitcoin is failing. By saying BTC is failing because its dominance is sub 40% is analogous to saying the US dollar is failing because its value is decreasing against the Chinese yuan. If the total amount of money in a system increases, the contribution of each party as a percentage will usually decrease.

[Jet Cash]

Bitcoin was the first into the market, and it didn't protect the name. As a result of this, many people don't seem to know which coin is the real Bitcoin, and dump everything with Bitcoin in it's name into the same bin. There isn't even agreement about the shortform for Bitcoin. The ticker code is XBT, and this is used by sites like XE. However most of the boards seem to use BTC, and many people seem to think of that as Bitcoin Cash if they have heard of it.

Looking at percentages to assess dominance is a bit misleading. As the herd increases, then the percentage of whatever metric you are using is likely to decrease, even when the real values may be increasing.

Money flowing into alt coins may be new money for the crypto world. It isn't certain that it is a flight from Bitcoin.

[sapnu]

This is hardly discussed in here, if you do not find those threads, then it is your fault.

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.For years bitcoin marketcap was around 90% it dropped to 40% in jun 2017 and 60%.But then it dropped to 38% today!

You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.

When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.

And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.

Yes. It feels me not really good because my money is also dropping according to it. So i wish that it will rise up again so that i will never lose more of my money and still have it to buy the things and other stuffs that i want to buy. I wish that the price will come back to its high price or even exceed to that.

[mOgliE]

Hi,

I may be wrong but I think that even if bitcoin becomes worthless, it won't cause the death of other cryptos.

Of course, it depends quite heavily on the reason of the "death".

But still, there are other cryptos that are quite powerful and have large communities. And I guess that they won't disappear all of a sudden.

Truth is, the bitcoin is the crypto that has made history. It is the one most people (and mass media) know about. It is the one bringing about many concept about the economy and currency alternatives. Still, even if I believe in it, I must say it is not everything.  

[stompix]

Hi,

I may be wrong but I think that even if bitcoin becomes worthless, it won't cause the death of other cryptos.

Of course, it depends quite heavily on the reason of the "death".

But still, there are other cryptos that are quite powerful and have large communities. And I guess that they won't disappear all of a sudden.

Truth is, the bitcoin is the crypto that has made history. It is the one most people (and mass media) know about. It is the one bringing about many concept about the economy and currency alternatives. Still, even if I believe in it, I must say it is not everything.  

If they have powerful and large communities why are all the alts dropping even worse than BTC ?
Care to explain this mistery?

Bitcoin is definitely becoming a lesser-dominant cryptocurrency, especially when so many are being developed and started as we speak. You've got high and slow transaction fees, high competition to Bitcoin and a growing investor interest in these altcoins.

Same as the above.
If those new developed alts are so good, why are they falling down like drunk ducks?

[Snail2]

Altcoin prices are still dependent on BTC price. When BTC is on the bull run all alts following, if BTC goes down everything else will go down in the same fashion. So that loss of dominance isn't happened yet. At some point it undoubtedly will happen but not now.

[xanmanluca]

They have bitcoin cash to solve all these problems. I believe bitcoin will be used for large transactions that involve lots of security. for ex. buying a home, car, land, plane, building etc. and bitcoin cash can be used for smaller online purchases and things like that. I do think there needs to be a crypto currency for every day grocery shopping and things like that if we really expect to see the world solely use crypto. just my theory but what do i know

[Kprawn]

I would have been worried, if the move was towards Alt coins, but they are dropping like a bunch of flies too. Something is

happening or are going to happen... but I cannot put my finger on it yet. Most movement are happening on Asian markets,

so I presume it is linked to the clamp down in South Korea.  .....Frogs in a pot?

[spiker777]

Looks like the total market cap of all cryptos is increasing, even though bitcoin dominance is sub 40% it is likely that the advent of new cryptos is diluting the distribution of cash. If bitcoin can maintain a 35% share despite there being over 300 cryptos now, I would say that it's definitely in a massive advantage.

[zitbau]

Yes that's true . It has been falling sharply in the past two days but I think thanks to the bitcoin discount that is creating opportunities for many. Its value is decreasing but it is still the most valuable virtual currency today. I think it will come back sooner and higher than before

[globalctzn]

Yeah expect more dropping because Altcoins are growing as well. It is not only bitcoin alone but other players are now competing with it in the crypospace. This is very good for the community as it shows that the industry is growing.

[samtarly]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

One thing only comes into my mind why is that happening and that is because people sees the potential of alts when it comes to profitability with the mixture of people's nature which is being risk taker, even myself i would put my investments in alts rather than bitcoin, bitcoin has become the withdrawing element of profits we made and no other reason.

[audrey12]

I think since bitcoin consider to be the benchmarking with regards to other alts value the sudden drop in bitcoin price affects all other alts like what is happening this day the market value of bitcoin drops by more than 50% and even some alts become valuable in the past weeks the sudden crashed in bitcoin price makes all other alts to drop also. Bitcoin really has a dominance in crypto currenct markets that's why I am hoping bitcoin value will recover soon so that all other alts will also recover

[HitbtcSCAM]

Let me translate this for you this op bought a lot of litecoin and he is sad he did not buy bitcoin so he is spreading fud

[darkangel11]

Yeah expect more dropping because Altcoins are growing as well. It is not only bitcoin alone but other players are now competing with it in the crypospace. This is very good for the community as it shows that the industry is growing.

Altcoins also lost value during the BTC's correction. You could see how the whole cryptocurrency market is connected. When our balloon started to deflate every single coin was going down and the ones that had no real life usage and support were losing the most. XRP went crashing down like crazy, same as all the BTC forks.
Bitcoin is losing dominance when it comes to market cap but it's still far ahead when it comes to the price, recognition, usage, regulations and many other things.

[adsadsx]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

The dominance of bitcoin in the digital money market in the cryptocurrency market has now dropped to its lowest level ever, rooted in the fact that other digital currencies in the market that are competing with bitcoin have become more powerful and investors Interest in other digital currencies is growing.

[Tapyaks72]

I wonder why this topic is not discussed more. The bitcoin dominance compared to other coins.

For years bitcoin marketcap was around 90%. Then it dropped to 40% in jun 2017 and peaked in dec 2017 at 60%.
But then it dropped to 38% today!

So this means that the value is moved into other coins. It's a big run. The total market cap stays quite the same.

But when bitcoin will crash hard, don't people understand that when the flagship goes down, the other boats become worthless? I believe this is way more important than the current loss in price at the moment. 

The dominance of bitcoin in the digital money market in the cryptocurrency market has now dropped to its lowest level ever, rooted in the fact that other digital currencies in the market that are competing with bitcoin have become more powerful and investors Interest in other digital currencies is growing.

The dominance of bitcoin in the crypto currency world it doesn't mean forever soaring but it will just go down stream preparing to go up again, it is just like a roller coaster ride it will go down stream to create a momentum to go up. Altcoins aggressiveness now a days is just indications that Bitcoin will bounces back. because altcoins still dependent on bitcoins When ICO 's will gaining profit the more Bitcoin bounces back.

[allthebitandbobs]

i think it will still be dominance this year since there nothing like a localbitcoin for other coins at the moment anyway where people can convert to fiast to crypto easy  .Bitcoin is still the go between

[Sithara007]

I still remember when it used to be above the 90% mark (in 2015/16). Right now, it is struggling to stay above the critical one-third mark (33.33%). But IMO, Bitcoin must blame itself. The ultra-high transaction fee has resulted in users abandoning the coin and turning to other alternatives such as Bitcoin Cash and Ethereum. Merchants who used to accept BTC earlier are no longer doing that, as a result of the high fees (examples are Stripe and Steam).

[xiaohao111]

You see is the possession of the total market share has declined,
 But now you don't see the total market share of matter how many times in the past, now is the total market value of the past many times, explain the development of this area is very good, the rest of the coin is also more and more, and bitcoins is still dominant

[WhaleHunter]

I think this is a very interesting issue indeed. And it is full of mysteries. I'm asking myself too how this drop of dominance has to be intrepreted, but cannot find a truly convincing answer. Yet.