Bitcoin Dominance

[Torrenth]

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.

[consideritdone]

Bitcoin has higher dominance if you only look at minable coins https://www.coingecko.com/en

[JL421]

This might be a trap by McAfee, if you see his twitter he was hinting that bitcoin rise is coming i have a feeling he is behind this pump and wants people to join it so he can make more money for himself.
This might just be a theory but we have seen in past whales doing something like this to make profits for themselves

[parlament9]

history won't repeat as last time - my opinion. Now the dominant of bitcoin will be unloaded and free bitcoins will begin to pour in altcoin why some coins will just shoot. This my assumption

[wantjokull]

Woha, 66% dominance? From where you collected that information. I guess according to the CMC information the BTC dominance is around 47% and to reach 66% is like another month I guess. The dominating nature is because of investments that are being made into BTC instead of ALTs due to the sudden hike in the BTC. People are now trying to get more BTC than ALT and I am 100%  sure that people do not want to loose themselves from the game yet. Its vain to ask about the next bull run yet because we are already in the one and lets just enjoy it. 

[coinscircle]

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.

You can see that market capitalization is being poured into bitcoin, although the price of bitcoin in the past few days has been steadily increasing but market capitalization has not increased sharply but the price of altocin is decreasing, which gives found that the increase in bitcoin prices was due to the capitalization of altcoin to bitcoin. So I think we should only invest in bitcoin at this time.

[dothebeats]

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'.

[martinholly167]

The dominance is important but the percentage is not really accurate since everyday there are tons of new coins listed on CMC.

Every coin that's listed will have an effect on Bitcoin dominance because it might be some small coin but might have a marketcap over $1 million easy and that will affect the ratio a little bit.

So 50% dominance today might of been similiar to 65% dominance about a year ago. Its not a very good measure.

Yes thats what im thinking about too, even when the market was very bearish before, the number of altcoin is still growing.
The crypto market cap is decreasing but it is even more spreaded.

[Sanu Simon]

The price increase of bitcoin has made its dominance range stand above 47% which is expected to change with respect to the growth happening with the altcoins. Possibly this could reach 50%,if the price increase continue in the gradual manner without much variation on the price of tokens and altcoins.

[cloud9]

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.

Bitcoin isn't as useful anymore as the on chain fee's are too high therefore people are looking at alternatives to bitcoin. Thus value is flowing out of bitcoin into other currencies and this can be clearly seen in the lack of bitcoin dominance. User's want new features and they're going to other coins to get it. If current conditions persists, Then bitcoin will eventually be overtaken by another currency such as etherium and other valuable currency coming.

But still bitcoin is the most used cryptocurrency on a daily basis. You can see it being accepted in gambling sites, ecommerce, ico investments site almost everything that offer products and services accepts bitcoin so its impossible that it will be replaced by a lower currency.

[kotajikikox]

I suggest to be careful now because the ghost month is approaching. I'm happy with the current pump but I cannot set aside the possibility that it is just a bull trap. Always invest with caution. So far, the altcoins are now starting to dump but Bitcoin remains strong and keeps on rising.

Yeah correct some people experience that ghost month last year are very worse scenario because of the segwit hardfork between bitcoin and bitcoin cash hoping this approaching month will be smooth for the bitcoin and cryptocurrency stability.

[gilangIDR]

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.

This is a condition that makes the market more heated. The rise in Bitcoin prices has left some people surprised and it has made the situation in the Trading World increasing. Trading transaction volume has been extraordinary compared to before. After a vacuum for several months, now the visible conditions can certainly continue to show a positive thing. Bitcoin is still a very attractive commodity compared to other coins.

[bozo333]

Bitcoin is always dominating the other resources and some good projects are comes in future this will move to downward. But it is impossible in current traffic because already many industries are adopting the Bitcoin so this will move to forward. I think Bitcoin marketcap is beat the half of the total marketcap soon.

[Osarman]

I have no idea what kind of change there will be regarding dominance of coins but I hold some of valuable coins and I don't care about the dominance of btc at all 

You just cannot ignore the advancement in one technology that can outshine the coins you have invested in. Read about why NOKIA lagged behind in the technology race.

Bitcoin has already a great domination on the market and this might happen to continues because in the presence of so many crypto currencies in the market, non of them has so far been able to give a tough time to Bitcoin except ETH which is also far behind Bitcoin but it pace of growth is showing it is improving very quickly.

[waqasniaz007]

There are positive news of bitcoin in coming months specially SEC ETF, Bitcoin can gain 55 to 60% dominance during next month due to ETF hype. 

[arpon11]

I suggest to be careful now because the ghost month is approaching. I'm happy with the current pump but I cannot set aside the possibility that it is just a bull trap. Always invest with caution. So far, the altcoins are now starting to dump but Bitcoin remains strong and keeps on rising.

Yeah correct some people experience that ghost month last year are very worse scenario because of the segwit hardfork between bitcoin and bitcoin cash hoping this approaching month will be smooth for the bitcoin and cryptocurrency stability.

The harfork of bitcoin cash last year really affect bitcoin price and that is why we were able to see that positive price movement.  Bitcoin is going to makes the same movements this coming August again if the ETF is approve and we just need to buy now in other for us to be part of the next prices' revolution.

[kakonhat]

I suggest to be careful now because the ghost month is approaching. I'm happy with the current pump but I cannot set aside the possibility that it is just a bull trap. Always invest with caution. So far, the altcoins are now starting to dump but Bitcoin remains strong and keeps on rising.

If you don't mind, I am confused what you are talking. There is no ghost month, I think.  All the situation will depend on world circumstance and the user like us. Any time Bitcoin go up no one can say exact time but we can predict. However, we should follow the bull by following the rules.

[--DarkSecrets--]

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.

The dominance was a very special, unfortunately, we cannot compare the previous because it has a different run.

The additional altcoins doesn't matter if we observe how bitcoin dominance work and its effects on all altcoins it does not affect even how many altcoins are now in the market as it push more the bigger crowd in addition to its dominance.
From this price, i will confirm we are in the bull run.

[leowonderful]

I wholeheartedly agree with what's been said about dominance being a useless statistic, especially when practically anyone can make a shitcoin and there's now thousands of alts out there that each make Bitcoin' market dominance decrease a little bit. The fact still is that Bitcoin is and will continue to be the most dominant cryptocurrency- as an example, most crypto payment processors only accept Bitcoin and perhaps one or two alts like Litecoin.

[Morgann]

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.

Bitcoin will always dominate the market since there are more people who are interested on bitcoins more than other cryptocurrency due to its price that is increasing faster.