If bull runs happens, how much BTC dominance will be at peak?

[cryptoasis]

As we are seeing some bullish movements with ETFs and things, Bitcoin dominance is also rising to its 2018 high to 46.70% with alts are bleeding badly with reference from coinmarketcap.  How much do you think BTC dominance at a peak in this bull run before alts starts their own bull run.  As we have witnessed BTC dominance slid to 64.79% in Dec 2017 bull run from early 2017 where it was as high as 87%.  If we take these two peak points into consideration, in my opinion, this time BTC dominance will be around 53% (55% max) in peak before alts takes momentum.  What are your thoughts guys?

[pooya87]

bitcoin dominance will remain as before which has always been above 90%

bitcoin market cap will continue increasing as there are more coins being mined every day and as its price continues to rise.

bitcoin percentage of total market cap will continue to go down as new shitcoins and new tokens are being created every day with millions or billions of coins in their respective supplies and bloat the market cap some more and as the coins with large supply like XRP get pumped or release another billion coins in circulation to bloat the market cap some more.

[hardtime]

Yet again, people think that us in the crypto community are going to be able to call out stats without any sort of error at all. But, back to the subject at hand. I do think that during a bull run -- to be clear, this is a bitcoin bull run -- that we're going to see an uptick in Bitcoin dominance. I'm not saying that it's going to be substantial, but it will be something that causes the crypto community to shed some shitty altcoins which have no use anyway. So I do think it will go up, but that's all I'd be able to predict.

[BitcoinHodler]

in case you missed it, whenever bitcoin price has a big rise or enters a bull run mode altcoins get dumped hard. and when for example an altcoin with 100 million coins gets dumped the total market cap goes down a lot which means the percentage of bitcoin grows even more. it is the exact opposite of when the altcoins with 100 million coin gets pumped and bitcoin percentage goes down.
and it is all meaningless.

[samiraetn]

If Bull Run happens which I certainly believe it will do, the dominance peaking can go further than 55% as none can say certainly about BTC market cap. All crypto-currencies are linked with BTC in one way or another, so BTC Bull run extremely affects their place in the market and price as well. This is very volatile to assume.

[rudox]

You may be right but this is a speculative market and the 55% you are thinking Bitcoin will average may be not correct and the value may be up to 70% before the altcoins will start their own rally but whatever happens I am thinking that bitcoin may not be able to hit 2017 high by the fall of 2018.

[hermanjones18]

I am experienced that Bitcoin's stances always fluctuates and almost always grows. And I hope bitcoin will be rise more after a long time . It will be dominant the crypto world.

[qiwoman2]

They always say that the next ALL TIME HIGH will always be higher than the previous one. If you check the charts, all the Rally's have gone higher than their previous ones and they always go down around 80% to create the long bear market. I think now we are slowly getting our heads out of this bearish market, WE HOPE!, and if we do exceed our previous expectations, many analysts say that we will reach anything between 50k USD to 65k USD per Bitcoin. So we would need a marketcap of over two trillion dollars in the COINMARKETCAP Index to reach those kinds of numbers. Many say Bitcoin will 10 x from here in the Bull run.

[danim1130]

It is a very good news to all of us when the bitcoin bull runs again. I guess the bitcoin dominance will reach again the last december's value and the alt coins will be follow the bull for sure. Double of last december value will not be surprising because in bitcoin expect the unexpected

[teilwalL05]

The last All time high we reach is at $18,000 USD if we can have a bull run and we reach that certain peak again and let's say it will be on November or middle of November, If the price continue to increase We might see a $20,000, $25,000 USD I can not go beyond any further than that because there might be a different issue base on the 3 more months Until a speculated bull run we can have, Because we might have a different movement on that 3 months until November a bull run might occur.

[qazgroup]

I partially agree with you, i think bitcoin dominance will continue to increase and in september it can reach over 60% of the market, i hope that volume will also grow nicely till then so that price will reach previous highs too.

[figmentofmyass]

it's impossible to predict. there's too many variables---it's entirely dependent on how many shitcoins are launched and what their circulating supplies are. BTC dominance isn't useful outside of reading for extremely general trends (are altcoins more profitable or less profitable than BTC right now?)

bitcoin dominance will remain as before which has always been above 90%

bitcoin percentage of total market cap will continue to go down as new shitcoins and new tokens are being created every day

what do you mean by "bitcoin dominance" here? is 90% just a made-up number? in theory, bitcoin's market share can rise in spite of altcoins, if demand is strong enough.

[hugeblack]

In the past, one of the reasons for buying Bitcoin was to convert it to altcoins as most trading platforms supported Bitcoin only. "first reason for dominion."

 - The dependability of all cryptocurrencies on the price of Bitcoin makes it similar to the dollar in the local currency market.
 - The free money from Forks was one of the most important reasons for the dominance of the Bitcoin in 2017." second reason for dominion."
 - The increase in shitcoins will reduce the percentage of Bitcoin in the market and other factors that reduce the control of it.

despite what I said, I ruled out to lose its first place.

[khaled0111]

Bitcoin will ramain the most dominant coin what ever happens. During all the past crysis and even during the last year when bitcoin price were about 20k, bitcoin remained the most dominant coin.

[batang_bitcoin]

I partially agree with you, i think bitcoin dominance will continue to increase and in september it can reach over 60% of the market, i hope that volume will also grow nicely till then so that price will reach previous highs too.

All time high or price from the past will be reached if the dominance is continuous.

This was caused by most of the altcoin holders are turning their ways and goes to bitcoin but if most of these conversions were done through fiat, I guess we'll see those heights again in no time.

Everything is possible to bitcoin, dominance goes high by September, goes all time high at unexpected time.

[hatshepsut93]

Since Bitcoin went from $6,000 to $8,000 a few weeks ago, altcoins have failed to grow, and to me this is a bearish sign for alts. Cryptocurrency market as a whole is not bullish like it was in the previous two year because alts have failed to suck from Bitcoin's gains. If we imagine that Bitcoin will keep rising and alts keep failing to rise with it, this might trigger bear market for alts and make them drop in their USD price as Bitcoin keep growing. The end result can be 70-80% dominance for Bitcoin.

[adaseb]

I don't think it will ever reach 90%. Maybe at its peak it will be 75% but never 90%.

The market cap is not a correct way to determine the real value of a currency so a coin with a high circulation and small value can still be worth a few millions, and there are hundreds of coins like this and this is what is keeping the BTC dominance low.

Look at all those bitcoin fork coins which showed up and immediately showed up on the top 50 on coinmarketcap even though it doesn't have much trading volume.

[SheldonLang]

Still now bitcoin dominate the market. If bull runs are happen then bitcoin will become more profitable. That’s why investors are waiting for this bull run.

[Hourpre]

I think positive news are driving the cryptocurrency market,  the market has done a turnaround allowing the bulls to re-enter. Bitcoin moves away from the back of the top ten coins, which are often followed by influential coins. Last week, Ethereum, Rioole, Bitcoin Cash and EOS faced a few pix and valley, Bitcoin continued to grow.

[1Referee]

what do you mean by "bitcoin dominance" here? is 90% just a made-up number? in theory, bitcoin's market share can rise in spite of altcoins, if demand is strong enough.

I think he's referring to Bitcoin's dominance versus coins that share the same characteristics.

If we look at the tokens specifically, and then more so the big ones such as Ethereum, people are not willing to spend them outside their own ecosystem. Why is that? Because of all the games and garbage they can buy themselves into with Ether. These people don't care about anything other than making a quick buck. If governments crack down on all the nonsense that happens within Ethereum's ecosystem, and there is a lot going on there, people will ditch it.

The most popular Dapp on Ethereum is a ponzi scheme called PoWH 3D which should say enough.