CNBC: Bitcoin despite short recovery now at lowest ever market share (38%)

[KingScorpio]

Not sure weather this belongs into bitcoin or altcoin section

Bitcoin is according to CNBC now at 14% of the Market share due to a rise of alternative Cryptocurrencies globally

https://www.cnbc.com/2018/01/02/bitcoin-dominance-of-cryptocurrency-market-lowest-level-ever.html

i am also currently writing an essay about that issue as bitcoin is basically designed to be unbeatable for banking cartels after the banking cartels power has been weakened, bitcoin becomes a different type of cryptocurrencies, it is not good for usage in the economy.

while at the beggining the people supported it sawing bitcoin as a hammer to crush the banks

later the peopleand icos will consider it resource wasting etc. as they will compete with it.



https://www.cryptoproductivity.com/single-post/2018/04/10/Bitcoins-Possible-Future-According-to-Interest-Based-Game-Theory

Bitcoin was designed more like a ram to destroy the central bankers licensing cartel, after they are weakened, those participating in the economy will have no interest aligned with it anymore. as bitcoin stays for wasting ressources. bitcoin will then be droppes as the stealthy weapon it originally just was.

[1714707589]

1714707589

[1714707589]

1714707589

[Xavofat]

This is ridiculous.

Bitcoin is according to CNBC now at 14% of the Market share due to a rise of alternative Cryptocurrencies globally

No, the article says that Bitcoin's market share is at 37.6%.  However, the article is from January, and Bitcoin's market share has now actually risen to 42%.  So that's two inaccurate statistics that you're sharing.

But what makes this even more ridiculous is that the "market share" is just a percentage of the total market cap, and the market cap shows little about how dominant BTC is in the market.  Many small cryptocurrencies have propped up market caps and frequent pump and dumps which make their "share" of the market pretty questionable.

[KingScorpio]

This is ridiculous.

Bitcoin is according to CNBC now at 14% of the Market share due to a rise of alternative Cryptocurrencies globally

No, the article says that Bitcoin's market share is at 37.6%.  However, the article is from January, and Bitcoin's market share has now actually risen to 42%.  So that's two inaccurate statistics that you're sharing.

But what makes this even more ridiculous is that the "market share" is just a percentage of the total market cap, and the market cap shows little about how dominant BTC is in the market.  Many small cryptocurrencies have propped up market caps and frequent pump and dumps which make their "share" of the market pretty questionable.

ah damit

was confused with the numbers, but they still claim its currently the lowest,ever

and i think the mechanism is correct and will continue, bitcoin is not spendable at all. and countless icos have no interest supporting it after bitcoin served the purpose of removing the banking cartel

the article was from january bitcoin was at 12k usd back then and there it had 37.6% how can that have been grown even ethereum grew in its comparable value size per btc..

regards

[Jonsnowstark]

Get done with numbers. We already know people are putting in their money first to bitcoin before anything else. Bitcoin is the turning ground for anyone willing to invest in crypto. So afyee they buy bitcoin they tuen around and trade it with other coins. So its not a surprise if its market shares are the lowest, really.

[stompix]

This is ridiculous.

Bitcoin is according to CNBC now at 14% of the Market share due to a rise of alternative Cryptocurrencies globally

No, the article says that Bitcoin's market share is at 37.6%.  However, the article is from January, and Bitcoin's market share has now actually risen to 42%.  So that's two inaccurate statistics that you're sharing.

But what makes this even more ridiculous is that the "market share" is just a percentage of the total market cap, and the market cap shows little about how dominant BTC is in the market.  Many small cryptocurrencies have propped up market caps and frequent pump and dumps which make their "share" of the market pretty questionable.

ah damit

was confused with the numbers, but they still claim its currently the lowest,ever

and i think the mechanism is correct and will continue, bitcoin is not spendable at all. and countless icos have no interest supporting it after bitcoin served the purpose of removing the banking cartel

the article was from january bitcoin was at 12k usd back then and there it had 37.6% how can that have been grown even ethereum grew in its comparable value size per btc..

regards

Well, now that you have seen this and you know the actual data, that article and its predictions or the idea it wants to propagate isn't making sense at all, right?

If we would have continued on the bear trend probably Bitcoin would have gone to above 50%.
And since you mentioned Ethereum, don't forget that it crashed from an ATH of 1432 to the now 500, and that was during January when Bitcoin was already below 15 000.

Either way, those statistics about dominance and market share mean nothing as long as between those altcoins we count billions like in the case of Bitconnect or god knows how many scams that are just waiting to pop.

Get done with numbers. We already know people are putting in their money first to botcoin before anything else. Bitcoin is the turning ground for anyone willing to invest in crypto

Hihi, this is funny.
I checked to see if there is an actual botcoin out there and surprise...nobody thought of this name? With all these crazy names, this is weird.

[Jonsnowstark]

Get done with numbers. We already know people are putting in their money first to botcoin before anything else. Bitcoin is the turning ground for anyone willing to invest in crypto

Hihi, this is funny.
I checked to see if there is an actual botcoin out there and surprise...nobody thought of this name? With all these crazy names, this is weird.

Sorry was sleepy when i typed that. Its just a typing error. Like hodl, remember? We're not perfect we make mistakes sometimes. But now that you mentioned it, botcoin would be a nice name for a coin. Why difn't anyone ever thought of using that in making an altcoin or a token perhaps. It would actuallt click eith that name.