what do you think about bitcoin's dominance over whole crypto market?

[Derek86]

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?

[VitKoyn]

1. over 40% now, do you think this percentage will keep going?
2. what will happen if % drops, is this a positive or negative sign for you?

Honestly it is not that important to me if Bitcoin dominance increases or decreases because the share of Bitcoin in the whole cryptocurrency market can drop but that doesn't mean that Bitcoin is losing its value or people are losing their interest investing on it. Bitcoin dominance can drastically drop if there are other cryptocurrencies that is being pumped but nothing to worry about because it will go up again when those altcoins gets dumped. So if you are worried about flippening will happen if the dominance decreases, that will not happen. Unless the whole Bitcoin community will start to support another coin.

[Eros1on]

BTC is always the first place to encrypt money. BTC has the best developers. If BTC dies, then other crypto currencies will die.

[avikz]

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?

Dominance percentage of bitcoin over entire crypto currency market, is not a very important ticker for the traders and speculators like me. Because we have seen in the past, that dominance actually doesn't help to increase the price of bitcoin. It is just a ticker among all other tickers and not a very significant one. It just shows the public interest on bitcoin over all other crypto currencies. So increasing market dominance is a good news in general and vice versa. But it won't really help us to achieve anything.

Currently the dominance is increasing because the value of entire crypto market is going down and bitcoin is somehow managed to maintain the decrease within a certain percentage limit. It doesn't signifies anything great but yes, it just tells us the overall health of bitcoin among other competition.

[davis196]

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?

Worldwide market caps and market shares don`t matter that much to me.
The most important thing i want to see is big online businesses accepting btc or eth as a payment method.
The btc market cap percntage decreased little bit, because of the people who are selling their bitcoins.
There`s nothing to worry about.The btc market cap and market share will start growing ,when the btc price recovers.

[xiaohao111]

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?

Now that bitcoin's share of the cryptocurrency market is declining, I don't think it will affect bitcoin's status. Because the total amount of encrypted money market is increasing, the share of bitcoin is reduced.

[hodlftw]

1) We will eclipse 50% at some point this year, don't know if that will be now or later on

2) If it drops that is okay and expected moving ahead. Last year dominance was 65% towards years end, this year I don't expect higher than 55%, and every year moving forward I believe dominance will slip slightly. Who knows it could never go under 25%, but yet somehow I doubt that.

[taiwww]

1. over 40% now, do you think this percentage will keep going?

2. what will happen if % drops, is this a positive or negative sign for you?

1. over 40% now, do you think this percentage will keep going?

BTC dominance must be greater than whole crypto currency because that is very important for its sustained workflow. We have seen highest dominance of 60% in the last year so compared to that one I don't think BTC romance currently is very good. It has to improve its position for sure.

2. what will happen if % drops, is this a positive or negative sign for you?

Obviously any drop in the BTC dominance would not be good for the bitcoin. Its negative thing to happen. Somehow the dominance must keep up above 30% so that it can give the BTC top #1 position all the time. 

[Lieldoryn]

I think this percentage will not be constant. It will change depending on the willingness of bitcoin to absorb a few billion dollars. Bitcoin will always be the main cryptocurrency. Altcoins will be to accumulate only those solutions which cannot accommodate bitcoin. After the issue of scalability of the block size is solved, the percentage of bitcoin will increase.

[Aura]

The dominance is justifiable, because Bitcoin was the first release of a digital coin using blockchain technology. But I don't think that it means anything, as the total market cap is flooded with new altcoins with insane values. Just take a look at some of the useless Bitcoin forks that have market caps of 100 million or more. So this cap will probably decrease over time, because more altcoins are created everyday and Bitcoin doesn't grow more than the amount of coins that enter the market everyday. But like I said, it doesn't mean anything.

[chalbinov]

i think the Crypto currency is still struggling in finding the final stable trusted legal currency, we can expect some major changes in the positive direction, the market is getting mature very fast and it's always a good idea to invest in this stage.

[Colinator]

I also think that the percentage ratio in total capitalization has no special significance. It's just the fact of asset allocation. But you need to know this in order to understand such trends now with regard to various altcoins and bitcoin.

[BTCLovingDude]

bitcoin's dominance over the whole crypto market is 100% and if i wanted to be overly generous i would say it is 98%.

and this "dominance" is all the real merchant adoption that bitcoin has but none of the other altcoins have. i put that 2% out of my generosity and for fairness because there are some usage for some altcoins like litecoin and they had some real adoption too but very small.

[jakelyson]

It shows that there are emerging cryptocurrency out there that can rival with bitcoin someday. And we have to admit that bitcoin still have lots of problems that needs to be solved. I think it is good because it shows that cryptocurrency is alive and competition is good for better service. It drives the crypto world to keep on innovating.

I would not worry if bitcoin dominance drops or increases. If bitcoin drops dominance, I will just trade one crypto to another.

[1Referee]

Obviously any drop in the BTC dominance would not be good for the bitcoin. Its negative thing to happen. Somehow the dominance must keep up above 30% so that it can give the BTC top #1 position all the time. 

Nonsense. Market cap dominance has always been a noob metric, and this thread once again confirms that. People overlook the important fact that this 'battle' is something Bitcoin can only lose in the long run. It's currently 1550 altcoins vs Bitcoin, and when you have shitcoins popping up every day, ICO's, forks instantly gaining $20-$30 billion market caps, etc, things will only get worse.

Look at how many shitcoins occupy a higher rank; https://coinmarketcap.com/coins/views/market-cap-by-total-supply/

It says enough. It's an unfair battle that has not even one grain of truth to it. If we purely focus on market share, Bitcoin is still is the main currency, and that by far, and this is something that will likely never change. While noobs continue to focus on market cap, those with a functioning brain focus on market share.

[Slow death]

1. over 40% now, do you think this percentage will keep going?

Yes it will continue because few altcoins have applications in real life and are not used as a means of payments, if wallets like blockchain.info and so many others ceit many altcoins then that domain could be reduced, but this will not happen so soon, if bitcoin become faster and cheaper will only increase their dominance

2. what will happen if % drops, is this a positive or negative sign for you?

this is negative because it means that many people will be using altcoins that are centralized... imagine if many people use some completely anonymous altcoin? you should already imagine that governments would be worried and could persuade the creator of altcoin.

[Pursuer]

1. over 40% now, do you think this percentage will keep going?
2. what will happen if % drops, is this a positive or negative sign for you?

only the altcoin pumpers care and advertise the market cap and call it "dominance". and this started with the biggest premine altcoin of our time called Ethereum. they premined it and then pumped it to get the first position not they are abusing market capitalization to say they are "number 2" (pun intended)

nobody who matters, cares about this so called "dominance" because they understand that market capitalization is completely meaningless and is this way because of thousands of shitcoins and many high value shitcoins among the "top 10".

[ToddDiaz]

BTC will always dominate the crypto market, but the percentage it has in the market may not really matter in the long run since even if the percentage decreases doesn't mean that the BTC value will drop. it only signifies the development of other cryptos.

[alyssa85]

1) We will eclipse 50% at some point this year, don't know if that will be now or later on

2) If it drops that is okay and expected moving ahead. Last year dominance was 65% towards years end, this year I don't expect higher than 55%, and every year moving forward I believe dominance will slip slightly. Who knows it could never go under 25%, but yet somehow I doubt that.

I don't think so. Ethereum has been going sideways for a while, but once it resumes it's upward trend, it will hold down bitcoin dominance.

[lumeire]

As to the trends you're seeing now, bitcoin's gonna get even less of a market share because of all these ICOs based on the ERC protocol. It's gonna remain strong though, as adoption becomes more widespread.