Bitcoin dominance: bad thing or good thing?

[Randolf007]

As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.

How we believe the Bitcoin price will continue to rise for the foreseeable future?

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[HumberWins]

For now , i think it is the best situation for crypto market is to le the bitcoine be the dominant , because the team behind it have alot of experience , so the can handle every problem the crypto market face

[liuqi]

As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.

How we believe the Bitcoin price will continue to rise for the foreseeable future?

Bitcoin is the father of cryptocurrency so it will rule the crypto market. If you think Bitcoin is dominate the all other altcoins yes because other cryptocurrencies are alternative currency this only the most recommend and trusted cryptocurrency so all are investing in Bitcoin it will always raise continuously nothing to stop the Bitcoin growth.

[pooya87]

it is neither!

the dominance is what altcoin pumpers have been advertising to show their relevance in this world where in fact what they are reporting has nothing to do with "dominance" it is the total market capitalization which is being bloated each time a shitcoin with a huge supply gets pumped or a new shitcoin with a huge supply is created.
for example you can see Ripple which is worth only $0.85 but it has 20% of bitcoin's market cap (bitcoin that has $10,000 price)!!! this shows how dumb market cap and comparing it is.

[brekyrself]

Dominant how so?  Price?  Capability?  Usage?

http://www.blocktivity.info/ shows us a different view of dominance compared with the typical market cap.

[quality.crypto]

Bitcoin dominance is always good for the other altcoins because when the price of Bitcoin increases all other altcoins will also increase. So we always need Bitcoin to be Dominance currency in the market, from the beginning my trading Bitcoin is always a dominant currency.

[Randolf007]

As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.

How we believe the Bitcoin price will continue to rise for the foreseeable future?

Bitcoin is the father of cryptocurrency so it will rule the crypto market. If you think Bitcoin is dominate the all other altcoins yes because other cryptocurrencies are alternative currency this only the most recommend and trusted cryptocurrency so all are investing in Bitcoin it will always raise continuously nothing to stop the Bitcoin growth.

So, bitcoin will continue to grow, right? and altcoin will always follow from behind and will not exceed the father of cryptocurrency ie bitcoin .Mr. ?

[Randolf007]

it is neither!

the dominance is what altcoin pumpers have been advertising to show their relevance in this world where in fact what they are reporting has nothing to do with "dominance" it is the total market capitalization which is being bloated each time a shitcoin with a huge supply gets pumped or a new shitcoin with a huge supply is created.
for example you can see Ripple which is worth only $0.85 but it has 20% of bitcoin's market cap (bitcoin that has $10,000 price)!!! this shows how dumb market cap and comparing it is.

So move forward that determines bitcoin is the market. ? But the market will determine the great results. Sir?

[Budugbass]

And nevertheless it will lead to good or bad.. which clear it's influenced by many people in this world also the other developments of life related to cryptos. It's good if we keep thinking more positively and try to directing it to a better side in the sense of optimism. For me, i'm still sure it will not lead to a bad thing, in the slow movements.. it doesn't mean it's more likely to a bad thing.

[magneto]

As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.

How we believe the Bitcoin price will continue to rise for the foreseeable future?

Bitcoin dominance has risen because it's supposed to be at around the 50-70% region but instead, with other cryptocurrencies rising in value in the past few months it has actually resulted in an undervalued bitcoin compared to other cryptos.

Now, this trend has reversed. It's simply an index which means that it rising only means a reversion to the normal level where it should be imho.

We saw this huge dump down to under $10k in the past two days which can be mostly attributed to some pieces of news coming out concerning certain exchanges which has hit people who are panic selling. I expect bitcoin dominance to continue to rise during and after this dump because people have more confidence in bitcoin in the case of a semi-bear market than other cryptos, to around a level of 55%.

[Randolf007]

And nevertheless it will lead to good or bad.. which clear it's influenced by many people in this world also the other developments of life related to cryptos. It's good if we keep thinking more positively and try to directing it to a better side in the sense of optimism. For me, i'm still sure it will not lead to a bad thing, in the slow movements.. it doesn't mean it's more likely to a bad thing.

So in the future that determines the development of bitcoin is the market, associated with many people. So you think, trying will not disappoint his future results.? I agree with you sir.

[Randolf007]

As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.

How we believe the Bitcoin price will continue to rise for the foreseeable future?

Bitcoin dominance has risen because it's supposed to be at around the 50-70% region but instead, with other cryptocurrencies rising in value in the past few months it has actually resulted in an undervalued bitcoin compared to other cryptos.

Now, this trend has reversed. It's simply an index which means that it rising only means a reversion to the normal level where it should be imho.

We saw this huge dump down to under $10k in the past two days which can be mostly attributed to some pieces of news coming out concerning certain exchanges which has hit people who are panic selling. I expect bitcoin dominance to continue to rise during and after this dump because people have more confidence in bitcoin in the case of a semi-bear market than other cryptos, to around a level of 55%.

so do you think, bitcoin is very closely related to many people.? and the future level of confidence in bitcoin will continue to increase, and will always dominate the market in the future.?

[Mainman08]

The supporters is the key why bitcoin dominate. It is more popular than any other coins so it attracts more investors than the other. But as of now its value is getting lower again.

[gentlemand]

Most of the alts are so stunningly worthless that I'd regard an increase in Bitcoin dominance as a signal that rationality is returning. A white paper and a few promises reaching billions of dollars of fictional market cap was a classic bubble indicator, let alone $3 Ripple.

If most of them were doing real things in a real way I wouldn't regard BTC dominance as important but it really appears that little has been learnt since 2013.

[dothebeats]

If we're talking about the price of bitcoin, then for me, bitcoin's dominance is a good thing since it will also dictate the dependency of traders to use bitcoin as a highway to purchase their much needed cryptocoins, and that also increases demand, which would further increase bitcoin's dominance over other coins which would then result into a much higher price. I for one think that bitcoin's dominance is not that important, seeing that people still sell their bitcoin in exchange for alts and the dominance (of bitcoin) tends to wear off after certain alts perform well price-wise, only to come back to bitcoin after they milked the hell out of an alt.

[cellard]

Marketcap has never been a reliable way to measure where things at. It's a waste of time to be honest.

Ripple isn't even a cryptocoin but some paypal token, it shouldn't be there.

There are tons of coins with big marketcaps and no liquidity. Any jackass can release their own altcoin with a billion tokens on day 1, he buys 1 token for 1 dollar, now suddenly coinmarketcap lists his coin as a billion dollar marketcap token. It's a joke

All things considered, if you consider shitcoins are scams, Bitcoin dominance is around 80%.

[malikusama]

Good for loyal bitcoin users and bad for altcoin investors/users.
As like the price, bitcoin dominance is also fluctuating due to the manipulators and altcoin investors in the market, dumping of altcoins results in the increase of bitcoin dominance and market cap.
Spreading of blockchain and bitcoin knowledge around the globe is the reason behind our believe that bitcoin will continue to rise more in future.

[Clavulanic]

As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.

How we believe the Bitcoin price will continue to rise for the foreseeable future?

Bitcoin is the father of cryptocurrency so it will rule the crypto market. If you think Bitcoin is dominate the all other altcoins yes because other cryptocurrencies are alternative currency this only the most recommend and trusted cryptocurrency so all are investing in Bitcoin it will always raise continuously nothing to stop the Bitcoin growth.

I see how bitcoin grows and through the years it only gives hope to people who want dreams to come true. Its dominance is not a bad thing because it shows how a person to become independent and confident in the world. The world of cryptocurrency to be exact but on some reason it makes bad in the eyes of others for they believe in fake information about bitcoin what's good in it is bitcoin is getting stronger and bolder crypto.

[Mhd-Bobbi]

As of right now, the bitcoin dominance returns to over 40%, but the market is a lot slower than just a couple months ago.

How we believe the Bitcoin price will continue to rise for the foreseeable future?

No one can guarantee an increase in bitcoin in the future, maybe we will remain patient with the situation from the previous month and today, I continue to look at the sales chart to date, and hopefully the increase is in line with my expectations.

[Hilly]

It can be good for the long term but bad for the short term. The higher the bitcoin dominance is the less bull market there is, I mean not potentially or in the future but at the moment. If there is a bull than the dominance falls because all other coins skyrocket a lot faster than bitcoin. Coins that go x10 easily and even more, however in a bear market the dominance is sky high because those coins can also go down a lot further than bitcoin can. There are coins that lost %98 of what they were a year ago. Which means if you see bitcoin dominance high that means you are in a bear market with altcoins low, if you purchase those altcoins (be careful about which ones) than you can really make a big difference on your future profits, just check out when the dominance goes down and you will see your profits go up.