Bitcoin dominance dropping hard

[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.

[1714677802]

1714677802

[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.