Bitcoin dominance dropping hard

[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.

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[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.

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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.