Bitcoin dominance

[abuge04]

We can Really see a slight drop, And base on my experience with the Crypto Market and mostly bitcoin Even if bitcoin did not out stretch it's value not like other Altcoin did, It really doesn't mean that bitcoin got left behind, Because it still has a bigger value than the rest of the other coins, We should appreciate bitcoin more than any Altcoin because if not for bitcoin there would be no other Coins that will be created.

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[Sony.UK]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Bitcoin is take rest in spring season so it will wake up soon. But this will change the entire market statistics so we should wait for two months automatically Bitcoin is start the race.
This is right time to buy in Bitcoin so who are all waiting for crypto investment make it soon. This is the final alarm in Bitcoin after that it will going to rocket.

[tomahawk9]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Not surprised to see the BTC dominance decreasing. The current alt market is enterering a bullish and optimistic trend since the BTC price has started an upward movement. Traders are most likely shifting to the altcoin market looking to make some profits given how alts have started their usual pump in their prices and circulating supply, two factors that are currently making the altcoin market cap go up.

About the bull run, it's too early to draw any conclusions, but I can tell you this: the rise in the market cap isn't the sign of an another bull run.

[BitcoinNewbie15]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Not surprised to see the BTC dominance decreasing. The current alt market is enterering a bullish and optimistic trend since the BTC price has started an upward movement. Traders are most likely shifting to the altcoin market looking to make some profits given how alts have started their usual pump in their prices and circulating supply, two factors that are currently making the altcoin market cap go up.

About the bull run, it's too early to draw any conclusions, but I can tell you this: the rise in the market cap isn't the sign of an another bull run.

Yeah, I'd argue its too early to already start another bull run, although it would be nice. I wouldn't be too concerned about Bitcoin losing its dominance, as you said, people are just looking to make a quick buck and pump some alts. Even though Bitcoins dominance is dropping, it still will be number 1. Also, when it comes to Bitcoins dominance, keep in mind there are 1000+ trash coins that are being counted. People in the crypto community always will have faith in Bitcoin as a reserve currency, so it will always remain dominant. Eventually, it will likely get to a point where the world will view it as a reserve currency.

[aso118]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

The December rally in altcoins came on top of a strong rally in Bitcoin, when people shifted to altcoins in the fear that Bitcoin had peaked. I doubt if we are in a similar stage now. There has been a rally in altcoins and Bitcoin's dominance has decreased, but this trend should not extend for long.

[exstasie]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

On the longest time frames (like 1-month), it's impossible right now to distinguish between a new bull run and a trap within a larger bear market. I think Masterluc has expressed similar uncertainty. BTC/USD and ALT/BTC charts have all been in a downtrend for a while. No matter what, a major bounce should have been expected.

Based on feeling alone, I think it's too early to expect a new bull run. We never had the long term "boring period" that usually precedes bull markets. But we've just got to wait and see.

[Dutchyyy]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Yep, we are. And Bitcoin will never have 51% dominance again.
Too many good ICOs are disrupting too many areas, collecting too much money to allow it. The blockchain technology is the new grail.

[timerland]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

We're already in a bull run already, and we don't know how much longer it will last. Depends a lot on whether BTC is able to hit $10k.

To me, it actually signals that the markets are quite overheated, and will probably correct very soon.

Instead of money being in BTC, the rest of the crypto markets are preferred as an investment at this stage. This means that a lot of people are in the crypto market right now for quick profits and will unload quite easily, instead of holding for the long term.

Bitcoin dominance usually decreases in a bull market, and increases in a bear market. Just look at how quickly bitcoin dominance decreased in the month of December. Sooner or later, the Bitcoin dominance index will have to return to its resting place, which in my opinion is around 50-60% naturally. That'll happen as soon as this bull run ends.

[btc_angela]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

We're already in a bull run already, and we don't know how much longer it will last. Depends a lot on whether BTC is able to hit $10k.

To me, it actually signals that the markets are quite overheated, and will probably correct very soon.

Instead of money being in BTC, the rest of the crypto markets are preferred as an investment at this stage. This means that a lot of people are in the crypto market right now for quick profits and will unload quite easily, instead of holding for the long term.

Bitcoin dominance usually decreases in a bull market, and increases in a bear market. Just look at how quickly bitcoin dominance decreased in the month of December. Sooner or later, the Bitcoin dominance index will have to return to its resting place, which in my opinion is around 50-60% naturally. That'll happen as soon as this bull run ends.

Correct, when bitcoin was crashing we are like 50%++ dominance, but right now we are moving so fast and we are down to 37% but I think it is a healthy sign that the price will really continue to grow.

As far as altcoins disrupting the dominance, it would sense however,  this disruption will always be present because we are going to see ICO's popping out like mushroom and 1 out 10 their will be one good project that can really take off, making bitcoin investors invest on them as well.

[thecodebear]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

woah woah like dec?!? Let's not get ahead of ourselves. December was the mania phase at the tail end of a long increase that stared in mid-2015 when the last bottom of the market occurred. Maybe in a year we'll be getting back close to a december 2017 type of situation, but we're still a long ways away from even hitting the high of the last bull run, let alone starting the climb above it that will define the next bull run. The market is just now turning around from the bottom of the crash, it'll be a long type before we hit another mania phase like december at the tail end of the next boom (price could be 7-10x what it is now by then).

[Kidmat]

We can Really see a slight drop, And base on my experience with the Crypto Market and mostly bitcoin Even if bitcoin did not out stretch it's value not like other Altcoin did, It really doesn't mean that bitcoin got left behind, Because it still has a bigger value than the rest of the other coins, We should appreciate bitcoin more than any Altcoin because if not for bitcoin there would be no other Coins that will be created.

It can happens to see a slight drops of the price so actually were a long way to go to think of december this year. Many things many situation to be happen in this market it should conquers all the hindrances to achieve on what to be hit. Yes bitcoin still has the biggest hits among all other coins so btc will dominates indeed.

[qwertyup23]

Bitcoin will continue to dominate the crypto market. Because interest in Bitcoin always goes up every year. And the second position of dominance is still occupied by Ethereum.

Not only this, but Bitcoin is the cryptocurrency brand. It has the most secure network out of all the other coins, and it has adopted by many people. Definitely has the first mover advantage. I do honestly think Bitcoin will always be the #1 coin on coin market cap. Bitcoin will be a huge store of wealth and the reserve currency for the world. It will continue to eat into golds market cap, becoming the best store of value in the process.

Well technically speaking, bitcoin will continue to reign the market due to its origin and developments throughout the years under the blockchain technology. Bitcoin, also, is the first ever cryptocurrency- making it the trademark and the flagship. People would prefer more to invest into bitcoin due to its large market price but some altcoins are a good alternative for diversifying your investments in order to reduce the risks.

We can Really see a slight drop, And base on my experience with the Crypto Market and mostly bitcoin Even if bitcoin did not out stretch it's value not like other Altcoin did, It really doesn't mean that bitcoin got left behind, Because it still has a bigger value than the rest of the other coins, We should appreciate bitcoin more than any Altcoin because if not for bitcoin there would be no other Coins that will be created.

It can happens to see a slight drops of the price so actually were a long way to go to think of december this year. Many things many situation to be happen in this market it should conquers all the hindrances to achieve on what to be hit. Yes bitcoin still has the biggest hits among all other coins so btc will dominates indeed.

Last month, the price of bitcoin was around $7,200-$7,500 and currently the price is sitting at around $9,000 and still increasing. People always doubt the whenever its price decrease and they tend to panic sell most of their resources, resulting to a surplus of bitcoin in the market lowering its price further. Bitcoin will remain the dominant coin in the market unless a new type of cryptocurrency would replace bitcoin (which I believe is unlikely happening).

[Gadhoh]

now has many bitcoin competitors to dominate the krypto trade one of them Dash. What differentiates Dash from other currencies is their focus on privacy and anonymity. They also run two systems where there are two types of work as miners and masternodes conducted by volunteers.

[Zubilica2]

https://www.flippening.watch/

It is happening.

[Homitum]

now has many bitcoin competitors to dominate the krypto trade one of them Dash. What differentiates Dash from other currencies is their focus on privacy and anonymity. They also run two systems where there are two types of work as miners and masternodes conducted by volunteers.

At the moment, the Bitcoin is still the dominant. But the dominance dropped from 46% two weeks ago to 38% now.

[david_019]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Just wait bro, the time of btc will not end just like that because it is always the hope of all altcoins. If btc will lose then everyone will too.also what is happening now is nothing but a simple routine of every crypto specially in btc but after that moment btc knows when to come back.

[siti25]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Crypto currency such as bitcoin can be used to buy goods without intermediaries, meaning less need of a bank. Although traditional banking systems may charge high transaction costs, bitcoin allows global transactions to take place at a lower cost. that's the reason why bitcoin is getting more dominant.

[Biscutard]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Just wait bro, the time of btc will not end just like that because it is always the hope of all altcoins. If btc will lose then everyone will too.also what is happening now is nothing but a simple routine of every crypto specially in btc but after that moment btc knows when to come back.

You sounded like you were too confident that it is normal and you were just keeping your cool. I like that attitude, anyway bitcoin is not yet fully recovering but slowly recovering so i guess this is the start of bitcoin to dominate again. If there's news that were going to alter the price it is probably the FUD people, they were the ones that trying to give a shit to everyone so that those weak hands will give in and sell their bitcoin.

[thecodebear]

It is natural that bitcoin's dominance over the market will continue to wane. The market is now much much larger than just payments/store of value. A lot of money in the market is from stuff that isn't even trying to compete with Bitcoin, like dApps and decentralized exchanges and very specific product niches and coins based around a single application or company. And since the market is almost totally speculation right now people will invest in these niche coins and tokens in order to make money even if that coin will be forgotten in a couple years.

Bitcoin is spreading but the market is spreading more quickly to fill whole new roles and niches and use cases that have nothing to do with Bitcoin's use case. I wouldn't be surprised in the next two years to see $100k bitcoin that only covers a quarter of the crypto marketcap.

[doycku]

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Crypto currency such as bitcoin can be used to buy goods without intermediaries, meaning less need of a bank. Although traditional banking systems may charge high transaction costs, bitcoin allows global transactions to take place at a lower cost. that's the reason why bitcoin is getting more dominant.

But if the price of Bitcoin goes up, then the price for transactions will be higher. We already saw this when the price for Bitcoin last year rose to 20,000 dollars.