Sanjeewa101 (OP)
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July 03, 2018, 05:41:22 PM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
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demenBTC
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PRIVATE FEDERATED BLOCKCHAIN
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July 03, 2018, 06:17:10 PM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
my opinion is the opposite of your opinion, now you can check https://coinmarketcap.com/currencies/bitcoin/, currently btc rise and btc dominance increases |
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bitcoinking11
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July 03, 2018, 06:44:37 PM |
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I think Bitcoin dominance would continue as long as it is the main cryptocurrency. So far no other coin has done anything dramatic so as to compete with bitcoin. Ethereum is a very promising coin, but its performance has been very disappointing over the past few months.
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whirlcoin
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July 03, 2018, 06:47:48 PM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
The dominance level is just an useless analysis so don't care too much about that.The main thing is that the price is increasing which is a good thimg for bitcoin and all the crypto currencies. |
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Mister1k
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July 03, 2018, 06:51:17 PM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
That is what the trust we have on the bitcoin mate. If the crypto currencies goes cheap automatically panic selling will be happen in most of the exchanges in that meanwhile you can see some investors take that fund of safety concern and by looking of future profit. Then the value of altcoins get damage more than bitcoin that is also the another concern of the people whoever invested on altcoins. Finally all these things makes investors to run towards bitcoin. |
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Slow death
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Leading Crypto Sports Betting & Casino Platform
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July 03, 2018, 07:15:46 PM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
you observed correctly and in my opinion this happens because people notice that the price of bitcoin is low and then they sell their altcoins to buy more bitcoin and when the price of bitcoin goes up, they sell their bitcoin and go back to buy altcoins, that is a cycle that will not change so soon. Once I read someone's comment saying the following: altcoins only serve to make trade so that we increase more bitcoins. |
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jackky
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July 03, 2018, 07:20:50 PM |
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I think Bitcoin dominance would continue as long as it is the main cryptocurrency. So far no other coin has done anything dramatic so as to compete with bitcoin. Ethereum is a very promising coin, but its performance has been very disappointing over the past few months.
I do not agree with your opinion. ETH is still affected by the price of Bitcoin. Although ETH has a much better background than bitcoin. But maybe people are still supporting bitcoin more than ETH |
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cryptowolfsu
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July 03, 2018, 07:55:16 PM |
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Yes, You are right and observing the market correctly. At bearish market the BTC dominance is increasing and during bullish market
it is decreasing . ( like we had situation last Year from 0ver 60% to below 40 % in December )
This Year in May before crash BTC dominance was 35 % at total market value of $450 billion. After the crash it went around 42%
The reason for this is panic selling of Altcoins during the crash and buying BTC as it is more secure investment in tough times.
Logic behind selling of Altcoins is fear that they can go near to zero and many speculative investors selling them as Altcoins losing
even more in value than BTC. When the market is increasing the opposite is happening : investors selling BTC and buying Alts.
in hope that they will rise in higher percentage than BTC and gain higher profit.
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cryptowolfsu
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July 03, 2018, 08:15:17 PM |
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I think Bitcoin dominance would continue as long as it is the main cryptocurrency. So far no other coin has done anything dramatic so as to compete with bitcoin. Ethereum is a very promising coin, but its performance has been very disappointing over the past few months.
I do not agree with your opinion. ETH is still affected by the price of Bitcoin. Although ETH has a much better background than bitcoin. But maybe people are still supporting bitcoin more than ETH During this bearish market ETH lost in market dominance against BTC in price and in volume as well. Remembering in January this Year when ETH was $1300 and BTC $11.500 That time the price of ETH was 11 % of BTC , nowadays it is 7.1% Bear in mind that in the meantime there was bear market when BTC always strengthening it`s dominance vs. alts. And also there were discussions if ETH is a security or not, and that is cleared up now. Many other development updates for ETH insures that in the future ETH will fight back for it`s earlier dominance and above. But, that to happen we have to wait to enter in bullish market. |
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tatum506
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July 03, 2018, 10:47:46 PM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
You can see the dominance of bitcoin on the crypto market, where the market is currently based on the price of bitcoin, only a small adjustment of the bitcoin price can cause the price of the altcoin and the market variable. very strong. Therefore, when trading at this time you must always observe and monitor bitcoin price to be able to handle when the bitcoin price drops sharply. |
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karungbitcoin
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July 04, 2018, 02:23:26 AM |
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I look now when BTC going up or down the price of popular altcoins also follow it. The price of all crypto is just the same direction at the same times. So will hard for trader to make profit when market on bearish. I dont know why price action of altcoin should follow BTC price. This is different with last year, when altcoin going up BTC usually just on consolidate.
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SweetCryptoNews
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July 04, 2018, 07:20:08 AM |
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Your theory works, but only with the exact opposite. If the rate of bitcoin increases, its dominance will increase, and if the rate decreases, the dominance decreases.
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Pursuer
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Where is my ring of blades...
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July 04, 2018, 07:32:10 AM |
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let me ELI5 math for you maybe you understand what you are talking about is NOT "dominance" but a fool's number to fool the fools  1 coin * price * 17 mil supply = bitcoin market cap (1)1607 coins * prices * sum of 1607 supply = the rest of the market cap (2)when bitcoin price goes down (1) goes down but the 1607 shitcoins go down also so the (2) goes down multiplied by 1607 so the total market cap of the rest goes down more. MATH: (1) / (2) where (2) goes down faster has a bigger result. now when there is a pumping season like last year when 1607 altcoins are getting pumped (2) is rising super fast. MATH: (1) / (2) where (1) is rising but (2) is rising 1607 times faster will have a smaller result which you are calling "bitcoin dominance"!!! |
Only Bitcoin
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bettybuttun12
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July 04, 2018, 08:07:55 AM |
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This is the rules of the market you dear! Bitcoin is an unidentified form of electronic currency. You should follow up on major bitcoin websites.
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gantez
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July 04, 2018, 08:28:30 AM |
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It is just a vis-a-vis upturn market. People tend to buy more bitcoin when it is low, so you see more altcoin leaving the market for bitcoin and it gets strong to rise and its dominance being shared in the long run.
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bitlind
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July 04, 2018, 10:41:22 AM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
It seems like the cryptocurrency is depending one on another, because most of the people are thinking about cryptocurrencies as about something United and not as about 1600 cryptocurrencies divided. |
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yesyes18
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July 05, 2018, 10:09:24 AM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
Yep, it means when Bitcoin goes down, the alts follow and tge weakest ones die out making BTC dominance even higher (competition reduced). It is the same way vice versa- when BTC moons the alts follow along and hence even the weakest ones get the momentum to skyrocket thereby increasing the overall competition. I think this is the reason why many people ask whether Bitcoin can be overtaken. Well, in my opinion I don't think so. So far as BTC dominates with such a percentage, it shall be veey difficult. |
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ibrahimovic89
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July 05, 2018, 10:42:10 AM |
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Your opinion is just the same as before. Now it is not. You go to coinmarketcap to find out. There is a lot of coin when the bitcoin price increases, it can decrease or the bitcoin price decreases it can still increase. What you say is not true
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Sony.UK
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July 05, 2018, 11:53:52 AM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
My point of view investors are major role in Bitcoin and altcoin dominance for example i am a consumer i want to invest in both Bitcoin and altcoin so I invest both the platform and current situation is unpredictable so I want sell my both Bitcoin and altcoin. Know you can understand how Bitcoin is dump automatically altcoins are dump in the market. |
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Kemarit
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July 05, 2018, 12:17:16 PM |
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When bitcoin price down, Automatically BTC dominance rise and Altcoin dominance lower
When BTC price going up, BTC dominance going down,
I think this happens due to the whole market capacity
What is your opinion guys
Your assumptions maybe right but the questions remains, is bitcoin dominance as good metric to see the overall sentiments of the market? I would say no because we all know that altcoins are manipulated. So it doesn't mean that when altcoins are dominating the market, it doesn't mean that investors are really pouring their cash on it. These altcoins aren't taking the "dominance" from bitcoin because heavily pumped. Maybe we can come up with a good gauge to measure's this so called bitcoin's dominance, but if you are just looking at coinmarketcap and see bitcoin's %, then we should come up with a good measurement I supposed. |
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