Increasing dominance of Bitcoin

[tsaroz]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

[RoyalWood01]

Bitcoin has been the oldest coin in the market of crypto currency, it is the very first. Other alt coin has entered the market and is still entering yet the market share of bitcoin is still huge. This might be because of the age of bitcoin or due to the fact that new investors are still not trusting alts coins.

[zxrcoin]

Bitcoin is still on the demand and it will be always in the demand also. Bitcoin is the first crypto currency in the market of crypto currency. It is the base of this market. People know this market by the name of the bitcoin. It is the most reliable and profitable coin in this market.

[cryptotezi]

Very nice observation and sharing.
I think bitcoin hold the dominance power from the very beginning of its popularity. It is taking the first moving advantage. And I think the popularity of altcoins are not decreasing, rather the popularity of bitcoin is increasing day by day. Though the scenario may be changed anytime.

[chikucrypto]

Bit coin is the king of coins and it dominates from the beginning. IT had a large volume and people are faith in bitcoin so much. I think in the future i will remain dominate.
any coin will not take the place of bitcoin near future.

[VitKoyn]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

There are few reason why Bitcoin dominance increases while there are lots of cryptocurrencies that is being released almost every single day. First, Bitcoin has the most trading volume in the market and also has the highest value which makes it the coin that has the biggest share in the market. Next, as we already know that Bitcoin is also used by exchanges as main currency to pair with altcoins and that makes alts dependent to Bitcoin price, so whenever Bitcoin price goes down there is an effect to most of the altcoins and then start to drop, that means their share in the market will also drop, so the tendency is Bitcoin dominance will increase but not always. But this doesn't mean that altcoins are failing, it is just that those dominance and shares in the market is useless.

[jhon_21]

Bitcoin can dominate others and as it is the first crypto currency it can dominate the altcoins.

[Megababa]

The Dominance of bitcoin neccessarily doesn't mean altcoins are failing. Remember bitcoin paved the way for the slight adoption of blockchain technology we have today and altcoins. So it might take more than a decade before bitcoin is relegated. So far so good it is still the most popular of cryptocurrencies.for now btc is king.

[SvonioneFromMangoCoinz]

The only reason is that Bitcoin is the longest exist coin in the crypto market. And secondly, the market trend has made Bitcoin a coin to dominate the altcoin

[coin-investor]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

Yes some of it are falling, some altcoins are not as strong just like before, and people are rallying behind Bitcoin now, so many questions about Bitcoin being overtaken by a new coin, but its not going to happen as long as Bitcoin has this kind of volume.

[Ini35]

Since the advent of cryptocurrency, bitcoin has been taking the lead. The rate of adoption of bitcoin has increased tremendously, to the point that it seems no other coin can overtake it.
In my country, within my locality, i also noticed that people demand more for bitcoin than other coins. If you want to sell out bitcoin, it will sell fast, while others might linger much before you get prospective buyers.

[aces777]

The fact remains that bitcoin was the first coin, it has a high amount of the investors in crypto who have stakes in the coin. No matter how many coins they push into the market, it will not reduce the dominance of bitcoin over the other coins. That being said, most of the coins that are coming out now are scam coins from people who are just trying to make some quick bucks.

[alejandrosn1998]

Bitcoin dominance doesn't really mean anything... There can be thousands and thousands more and more alt coins added that will make Bitcoins dominance reduce. Yet Bitcoin is bitcoin and will forever be bitcoin, when you think of crypto the first thing that usually pops up in your head right after is either blockchain or bitcoin. Therefore Bitcoin is here to stay, nothing will overtake bitcoin

[Wicked Sick]

No altcoins are not failing. Bitcoin is the single biggest point of entry into the altcoin market and if you have to buy any altcoin than you have to purchase Bitcoin first, that is obviously going to have an effect on the Bitcoins dominance. Also Bitcoins dominance is going to reduce once more exchanges start adding fiat trading pairs for altcoins.

[Victorheywhy]

Bitcoin still remains the greatest of all coins and I believe it still has the tendency to become the greatest of all even in years to come. They have a strong team of experts, which make them very special. Of course, there are other great altcoins, but there are lots of bitcoin investors, which will make it very great in future.

[Pablobiz]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

It cannot be denied that Bitcoin holds the greatest volume of the total circulation of Crypto-currencies, and as a result Bitcoin is Ruling the Cryptocurrency world. If you notice, I said RULING and not Dominating. There is a shear dominance in the Crypto-world now with some major Altcoins like Ethereum, Ripple, Tron, Litecoin etc.

[anjir]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

Bitcoin is still a coin paforit of investors to date, in addition to be used as a tool of transactions, bitcoin is also used as an asset to store wealth.
I think altcoin does not fail, they are present as a complement of bitcoin, they present fix every deficiency of the coin predecessor, and each altcoin has a different purpose.

[Pablobiz]

Bitcoin has been the oldest coin in the market of crypto currency, it is the very first. Other alt coin has entered the market and is still entering yet the market share of bitcoin is still huge. This might be because of the age of bitcoin or due to the fact that new investors are still not trusting alts coins.

It is basically not because investors are not trusting the new coins (altcoins), but as you said earlier, Bitcoin came earlier than any other coin. For this reason, I feel this coin deserves some RESPECT. Bitcoin was fighting to penetrate into the financial market, I mean, in a competition with Fiat/Paper Currencies, you see how crazy that can be?, Where were these altcoins. There came a coin then TBC (The Billion Coin), it came and it was looking like the second most promising crypto-coin, as if it will match up to BTC, but where is it now. ETHEREUM came afterwards and fought the good fight of breaking in and that is why ETH is gaining the relevance it has today, but BITCOIN paved the way for all other coins. That doesn't mean Altcoins are failling.

[Pablobiz]

Bit coin is the king of coins and it dominates from the beginning. IT had a large volume and people are faith in bitcoin so much. I think in the future i will remain dominate.
any coin will not take the place of bitcoin near future.

I don't see any coin taking up the value of Bitcoin in the future, but these altcoins are not sleeping too. Think of US Dollars and Pounds, Pounds is priced higher than Dollars, but Dollars gained the world's financial interactions attention. Altcoins like Ethereum, Litecoin, Bitcoincash, NEO, are capable of behaving like dollars. That is to say Altcoins are not failing, even if it seems Bitcoin is Kinging.

[h0lybyte]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

Bitcoin is itself considered a dominant digital coun in the whole crypto economy as you might have read that before bitcoin there was nothing to say crypto.
People are introduced with bitcoin first, later they are taught about altcoins and therefore it will remain dominant always