Bitcoin Dominance

[tbterryboy]

Funny how threads are being created.
The other week it is all about bitcoin is dead and a lot more FUD's about bitcoin and then, with a sudden rise it began to be a dominating currency.
What is the matter with this people?

I do think this is just the start. But hey, look at the difference by now. Some altcoins are not being pulled up the same way bitcoin is. Looks like they might be switching back to BTC.

Most of the time good reviews really do help Bitcoins morale however the negated part of it has been emphasized through the years and it is not that shocking if some people starts saying Bitcoin dominance when it is already dominating in the process. This thread needs an update or maybe not.

Do not doubt about it that this thread has brought a clear topic for us and the answer is simple if we perceive the price reflecting that even its lowest market value is far better than others. Its average improvement is on its ways besides which other cryptocurrencies are also progressing but the Bitcoin is improving rapidly on the basis of average data. So it is of no doubt that the Bitcoin is dominating over others and will keep its dominancy in future.

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[provalentine]

Do not doubt about it that this thread has brought a clear topic for us and the answer is simple if we perceive the price reflecting that even its lowest market value is far better than others. Its average improvement is on its ways besides which other cryptocurrencies are also progressing but the Bitcoin is improving rapidly on the basis of average data. So it is of no doubt that the Bitcoin is dominating over others and will keep its dominancy in future.

I think that BTC will not dominate over other crypto-currencies more than 65% this year. I want of course that BTC well dominate more strongly, but I understand that the market is overloaded with projects, and when investors come to this market, they d`nt really understand the distinguishes between BTC and altcoins.

[anntlevel]

IMO, bitcoin dominance is nothing but an unnecessary statistic since we all know that in time, people would always revert back to bitcoin after the profits in other alts have been reaped. As the first known cryptocurrency that is publicly traded and hit the exchanges, people will always be comfortable in having their money invested in bitcoin no matter how bad the previous runs have been since they know bitcoin always recovers. It's already a given fact in the world of cryptocurrencies, and even though we try to twist the words, bitcoin dominance, even without the term, will always be there no matter what. Money in the crypto-economy only revolves around with a few fresh money coming in day by day, so it's somewhat irrelevant to keep track of this so-called 'dominance'.

Bitcoin is not only dominating all the crypto coins which are there but it is also dominating some of the regular currencies too and that there are likely chances that we will be able to see this bitcoin dominating rest of the regular currencies too in the future and that a day will come, when we will see this bitcoin becoming the world’s global currency which will then be used by majority of the people.

[liyoungjae]

although many altcoins are included in the crypto but people will definitely come back again to bitcoin. but it is also of course very influential on bitcoin price stability.

[Tapyaks72]

IMO, bitcoin dominance is nothing but an unnecessary statistic since we all know that in time, people would always revert back to bitcoin after the profits in other alts have been reaped. As the first known cryptocurrency that is publicly traded and hit the exchanges, people will always be comfortable in having their money invested in bitcoin no matter how bad the previous runs have been since they know bitcoin always recovers. It's already a given fact in the world of cryptocurrencies, and even though we try to twist the words, bitcoin dominance, even without the term, will always be there no matter what. Money in the crypto-economy only revolves around with a few fresh money coming in day by day, so it's somewhat irrelevant to keep track of this so-called 'dominance'.

Bitcoin is not only dominating all the crypto coins which are there but it is also dominating some of the regular currencies too and that there are likely chances that we will be able to see this bitcoin dominating rest of the regular currencies too in the future and that a day will come, when we will see this bitcoin becoming the world’s global currency which will then be used by majority of the people.

As I had been observed for several years bitcoin still dictate the tempo of cryptocurrency market, once bitcoin price go down the price of altcoins will also go down, and when it will go up same thing happened to altcoin's that’s why I would say  it cannot be denied bitcoin still dominate the cryptocurrency market.

[coffigayo]

I think Bitcoin dominance is used to measure many Bitcoin values as a percebtage of all cryptocurrency values. Bitcoin is a gateway coin for many investors. Now the dominant Bitcoin will be dismantled and free Bitcoin will start releasing altcoin

[juljon18]

I don't think the Bitcoin dominance will go as high as it did in the previous cycles.  I can actually see it coming down further and further each cycle as the alts slowly wrestle market cap from Bitcoin.

[raven7886]

As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?

I have talked about this before and I will again. There is two chances that could happen. Either bitcoin price will stay about the same (or go up just a bit more) and altcoins will soon follow it because there will be new money coming into the altcoins. Or the bitcoin price will go down and alts will gain value against btc. These are the two only options for the dominance to go down and I promise you it will go down. I hope alts go up while bitcoin is still up.

Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?

In coming days, definitely bitcoin's share on entire crytpo space may get shrunk and which might go as low as 10% also when there will be another inflationary coin like ethererum along with which will get bumped in more frequent times. But, marketcap or its value for measuring dominance in the market at all not having any actual meaning in my understanding.

[isaac_clarke22]

That 66% will still be too low for dominance in the next bull run and I am pretty sure it will bring waves next although we haven't seen the best of the increases yet. Altcoin slowly grows according to my portfolio. You're partially right in the altcoins catching up with BTC dominance, but it couldn't be on the same level yet or at least it will never be, we don't know.

[Ziskinberg]

although many altcoins are included in the crypto but people will definitely come back again to bitcoin. but it is also of course very influential on bitcoin price stability.

I admit i usually go with bitcoin and altcoins investments like ETH because they will give you the biggest profit you want.But having bitcoin alone can be a great choice already because you don't have to fear anymore knowing this coin has still so much potentials to give.Just buy when they are in dips and then hold them after.I'm sure you will have a sure profit in due time.

[dunfida]

As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?

No one knows on what would happen next into this market. After all those kind of percentage talking about on the dominance between altcoins and bitcoin itself, is there anyone who do able to predict? For sure none of us would have the idea.

Do you think it will be lower because of so many new coins have entered the market since then?

Possible but knowing about bitcoins popularity and adoption we can presume that it would still have the biggest percentage on the entire market.

What do you think of the current price rise, where do you think it will confirm a bull run?

No literally a bull run yet we arent still on the main fundamentals as of this year. Like ETF decisions, we do already see the initial which is a decline but it didnt affect too much.

[henmark]

it looks like this is the beginning of the return of bitcoin currently on the btc market has reached $ 8000 and I think that will continue to rise, hopefully other altcoins follow.

It is not a new thing that we are hearing this news of dominancy of bitcoin as bitcoin is dominating the entire crypto market since the time it has been introduced. Bitcoin is the only coin which is just like the backbone of entire crypto market and the ones who are investing in crypto currencies trust bitcoin more than any other coin and that this is the reason why bitcoin is so much famous amongst the people.

[Captain Crypto Pants]

I've turned into that annoying Bitcoin guy in the office, everybody knows my thoughts on banks and bitcoin. And one thing that seems certain is everyone who is a noob only thinks there is Bitcoin and then a bunch of scammers.  And there are a lot of scams, which doesn't help our community.

I believe Bitcoin will always be the dominant crypto currency, and I am investing heavily on that hunch.  Skoal to all of us BTCBTCBTC believers!

[BTCballa]

As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?

Would love to see your input on those.

It is quite good that bitcoin is keeping the first place because in this wild and unstable world we have only one still thing and it is the dominance of Bitcoin, I hope all the countries will accept it, and we will be more free.

[TravelMug]

As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?

Would love to see your input on those.

Looking at the last 3 weeks of December 2017 and leading up to new all-time-highs.

Dec 03- 10-  Bitcoin Price: $11,177.76  Dominance: 48.0%
Dec 10 -17   Bitcoin Price: $13,916.79  Dominance: 48.0%
Dec 17-24    Bitcoin Price: $19,528.93. Dominance: 48.0%

Source: https://coinmarketcap.com/historical/

So nothing has change. Bitcoin dominance is also at 48% so it made me think that maybe this so called dominance is irrelevant in terms of the price of bitcoin.

[rugrats]

I don't think the Bitcoin dominance will go as high as it did in the previous cycles.  I can actually see it coming down further and further each cycle as the alts slowly wrestle market cap from Bitcoin.

Yes, I share the same opinion of Bitcoin dominance becoming more prominent in the not so distant future which will massively contribute to the bust of BTC closer to its real market value.

[b3llsf1l3s]

the kind of this dominance could be a something bad for bitcoin itself. even if bitcoin become so hype but its trade volume was so... "i can said, its still worst"

i think this is the effect of so much coin/token born today. which make people's money divided into various kind of shitcoin that just focused on bitcoin

[Finestream]

As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?

Would love to see your input on those.

It is quite good that bitcoin is keeping the first place because in this wild and unstable world we have only one still thing and it is the dominance of Bitcoin, I hope all the countries will accept it, and we will be more free.

I agree.As bitcoin keeps its dominance over some other crypto coins,then it would be an advantage to us to invest more on bitcoin.The market price is currently increasing right now but let's not close the possibility of its price sudden fall.But even with its fall,i'm sure bitcoin will still manage to recover from its fall based on the previous price charts.

[Coin-1]

Funny how threads are being created.
The other week it is all about bitcoin is dead and a lot more FUD's about bitcoin and then, with a sudden rise it began to be a dominating currency.
What is the matter with this people?

I do think this is just the start. But hey, look at the difference by now. Some altcoins are not being pulled up the same way bitcoin is. Looks like they might be switching back to BTC.

According to CoinMarketCap the current dominance of Bitcoin is 48%. This is a normal value for April 2018. Recently its dominance fell down to 32% in February 2018. But who knows whether the dominance of Bitcoin will increase or not. Probably everyone can sell their altcoins right now and buy BTC, and when the price of Bitcoin will grow relative to these coins, buy altcoins again but much more.

[zahrah74]

Bitcoin is used as a reference for many bitcoins as the value of all cryptocurrency values. Bitcoin is a gateway coin for many investors, because of its high profile and bitcoin remains strong and increasing.