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Author Topic: Bitcoins Dominance is now above 50% again  (Read 47 times)
cryptjh
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August 11, 2018, 11:54:57 PM
 #1

Bitcoins has crossed above the 50% dominance in the last few hours. Bitcoin dominance  are on 50,7%  right now.

People have been dumping there Altcoins the last 3 months. Bitcoins dominance was down on 36% in May.
A continued massive selloff of Altcoins can leave to a new Bitcoin bull run later this year, just like we witness last year, with the Bull Run from October to December 2017.


https://coinmarketcap.com/charts/#dominance-percentage



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August 12, 2018, 06:55:45 AM
 #2

People have been dumping there Altcoins the last 3 months.

Good. The altcoin market is oversaturated, overhyped and overpriced. The number of viable altcoins with a real use future is less than double figures. The vast majority of altcoins have no product and no vision, other than to make easy money for their creators. The sooner these coins are dumped, the better for us all.

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August 12, 2018, 09:38:26 AM
 #3

it is simply because bitcoin has stopped dropping for a couple of months now. we have been basically at $6k levels for the past 4 months maybe more even. but the altcoins have been losing value all this time and that means their market cap (price * supply * 2000 altcoins count) is dropping that fast so bitcoin's market cap (price * supply) is staying pretty much the same and the ratio is increasing because of it.

this will continue until altcoins are no longer in bubbles. which means another 50% drop at least for the top 50 altcoins.

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August 12, 2018, 09:57:02 AM
 #4

A lot of people have seen BTC as a temporary safe haven during this bear market and there is no doubt that a lot of people holding other cryptocurrencie aside Bitcoin had dropped them by now and seek refuge with BTC, this move is really a win-win scenario for investors as while BTC is helping them maintain the value of their money the margin also of it from other cryptocurrencies is getting bigger (price decrease of other cryptocurrencies is bigger) which means that anytime they bought back their old cryptocurrency holdings they will obtain more of it because of the cheaper price.

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stayeduptolate
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August 13, 2018, 04:25:33 PM
 #5

Bitcoins has crossed above the 50% dominance in the last few hours. Bitcoin dominance  are on 50,7%  right now.

People have been dumping there Altcoins the last 3 months. Bitcoins dominance was down on 36% in May.
A continued massive selloff of Altcoins can leave to a new Bitcoin bull run later this year, just like we witness last year, with the Bull Run from October to December 2017.


https://coinmarketcap.com/charts/#dominance-percentage




As I stated in my previous posts also that bitcoin is the most popular, success and the most sustainable crypto currency of all the time and all the remaining crypto currencies are just like derivatives of bitcoin, it will be not wrong to say bitcoin a sustainable crypto currency because it has proved its worth to be called sustainable and if we look at the growth graph of bitcoin then the statistics are clearly stating that there is no currency of bitcoin matching and the bitcoin is dominating them all.

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August 13, 2018, 04:28:03 PM
 #6

Bitcoins has crossed above the 50% dominance in the last few hours. Bitcoin dominance  are on 50,7%  right now.

People have been dumping there Altcoins the last 3 months. Bitcoins dominance was down on 36% in May.
A continued massive selloff of Altcoins can leave to a new Bitcoin bull run later this year, just like we witness last year, with the Bull Run from October to December 2017.


https://coinmarketcap.com/charts/#dominance-percentage





this is an indexation failure, and mainly due to glenn's biased and corrupt coinmarketcap, the dominance as the prices vary between indexes more and more

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