BTC dominance halved

[Kunlejoe0]

Honestly speaking it has started looking like bitcoin may have to seriously fight for it's number one position in the future. Many altcoin are catching up to bitcoin even surpassing it in terms transction , security and speed. We are  going to see suprises in cryptocurrency market soon.

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[naidray]

Honestly speaking it has started looking like bitcoin may have to seriously fight for it's number one position in the future. Many altcoin are catching up to bitcoin even surpassing it in terms transction , security and speed. We are  going to see suprises in cryptocurrency market soon.

Why it has to fight for number one position, when the dominance is not by one single competitor. When there will be one huge project which will be competing against bitcoin prices then I guess we need to consider that seriously. Bitcoin is alone computing against the rest of all other crypto currency hence it is obviously the rest of crypto currency will take the dominance.

The market cap and the dominance of crypto world are some comparative tools other than that they will be having any significant importance for the growth of entire crypto world. So, I believe we do not need to consider the recent dominance of altcoins more serious.

[DiceChain]

Many people have stopped investing in bitcoin. They are focused on investing in altcoin or ETH, so the downside of Bitcoin is of course. maybe next year bitcoin will be crowned No. 1

[yugyug]

Bitcoin as we say as the mother of all blockchain, decentralised currency and cryptocurrency, it is still dominate in all level of coins as it is the first being known for cryptocurrency and widely adopted than any other coins. Some alt coins has rose rapidly but can not sustain its longevity due to less community support unlike bitcoin.

[criz2fer]

I think it about time that etherium can beat bitcoin in dominance. Etherium become higher this past few weeks, little by little just like what happen to bitcoin that continually increase month by month which many people dint expect to grow that fast. I think ETH will overtake bitcoin this year thats why both currency are in my list of investments.

[izanagi narukami]

Usually when bitcoin is on uptrend, altcoin will in downtrend since they adjust based on bitcoin value but for some altcoin that still uptrend then those altcoin also have high demand just like bitcoin.
As for now mostly bitcoin is on red either do altcoin , but IMO they wait for a momentum to increase so just prepare to keep Hold

[stompix]

Many people have stopped investing in bitcoin. They are focused on investing in altcoin or ETH, so the downside of Bitcoin is of course. maybe next year bitcoin will be crowned No. 1

If they have stopped investing in BTC and are dumb enough to invest in ETH and other shitcoins...
Why is the value of all those altcoins going down also?

Market capitalization could be one of top reference to see how good the product it is but of course it's not everything to decide which one the best, which one have much more functionality etc. market capitalization of bitcoin decreased due lack of development on the blocksize problem and then people looking for alternate to put their money in, we might can see how ripple climbed up, ethereum getting closer to bitcoin marketcap and tons of good altcoin grow and developed in the last couple of months.

Market capitalization means 0. Zero. Nada.

https://coinmarketcap.com/currencies/bitconnect/
2.7 billions > 80 millions in a flash

And soon enough Tether will show you another example of BS marketcap.

Even so, you're assuming that based on marketcap , Bitcoin Gold is better than Doge....why? one single reason?
And I know it's not about people accepting the coins since Doge is probably in the top 10 on that.

Good altcoins? If they are that good, just as I 've already said above, why do they follow BTC wagging tails like a neutered dog?

[ASHLIUSZ]

Bitcoin dominance still found, but there are altcoins that are quite stable enough than bitcoin's large scale price drop. For this reason people have switched to different altcoins. This might have caused a decline in the market capital, but the dominance over the cryptocurrency world still exists.

[Fredomago]

Honestly speaking it has started looking like bitcoin may have to seriously fight for it's number one position in the future. Many altcoin are catching up to bitcoin even surpassing it in terms transction , security and speed. We are  going to see suprises in cryptocurrency market soon.

We can't avoid this to happen as cypto coins really doing progress where bitcoin can be overtaken by another project in terms of new offers, with speed, fees and more advancement for sure it will attract investors and it will bring a good competition behind this industry, bitcoin movement as of now really
a basis where the market will go, but sooner or later there will be another crypto that will also dictates its own destiny.

[capoeira]

you can't realy make calculations with the total market cap of all cryptos. most of the alt coin caps is not bought with money but BTCs

[preditor422]

BTC went up - alts went down, BTC went down - alts went down, this was the case before December, when cryptocurreny market pumped last time.
But according to coinmarketcap BTC dominance in crypto market is 34%, though it was more than 60-70% on September, doesn't it mean that people started paying more attention ta altcoins and so alts eventually becoming more "independent"?
I don't think it will happen this year or even next, but don't you think that some top altcoins may bypass bitcoin in the near future?

I totally agree with you as we can understand that bitcoin is the core of the cryptocurrency and has dominated this market from long time,Infect this market started with bitcoin only but one think everyone needs to understand that no one or nothing is invincible and everyone has its own time and after that time he needs to step down in decent language we can say Retirement.Bitcoin has to retire from this no.1 position and Another coin has to take that position.Right now it is only ETH who has shown this much promise and this would not be easy for ETH at all.But it is high time people accept this reality.