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Author Topic: ETH is falling and BTC Dominance above 50% now..What do you guys think  (Read 1266 times)
caisa88
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August 12, 2018, 11:26:32 AM
 #21

This is happening because people trust Bitcoin more than Ethereum. A dominance of over 50 % for Bitcoin is not a bad thing though, it just means that people feel safer to hold Bitcoin.

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August 12, 2018, 11:32:21 AM
 #22

I think people just buy more bitcoin to holding for long term, if people just want to save their money it can be tethered. So btc dominance proved that many buyer trust with btc. Not to getting bitcoin only with sold their altcoin but bought it.

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August 12, 2018, 11:43:43 AM
 #23

ETH is falling and again BTC Dominance above 50% now.always leader is BTC, he proved it again.So I think in the future This BTC dominance will remain near 50%..What do you guys think

That make sense because there is no way to BTC is going down in the investment as compared to the altcoins. Weightage of the of the bitcoin is going to be always higher as compared to the altcoins because its popularity is way higher than them plus people find it very appealing to put their funds into the bitcoin whenever there is mega drop in values like the current one. Meaning they will go and buy more BTC in the down trend and also they will convert their alts coins into the BTC and thus ultimately will be pushing the BTC over the alts. The dominance is going to be higher for this reason.  Wink


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August 12, 2018, 11:53:15 AM
 #24

Bitcoin dominance happened last year just before the hyper bull run that took it all the way up to 20k. During the bull run more cash came into the crypto market diversifying their portfolios into various altcoins pumping the prices to all time highs. The same will happen again later this year so there is nothing to worry about

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August 12, 2018, 12:02:57 PM
 #25

ETH is falling and again BTC Dominance above 50% now.always leader is BTC, he proved it again.So I think in the future This BTC dominance will remain near 50%..What do you guys think
It's not just ETH but the entire altcoin market. It's been going down for over two months now.

This means that people are beginning to dump altcoins for Bitcoin as the BTC market proves to be most profitable market today, plus there's a bullish sentiment surrounding Bitcoin so it's not surprising to see a shift from alts to BTC from investors, general public, etc. But we've seen this pattern before, from January to April of this year we saw the same increase in the BTC dominance, and it took only one month to go from 45% to 36%. So I wouldn't say the BTC dominance will stay at 50% for too long.

Once the Altcoin cycle begins and the market starts gaining confidence from investors again, the BTC dominance will go down as more capital will enter the altcoin ecosystem.
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August 12, 2018, 12:04:42 PM
 #26

ETH is falling and again BTC Dominance above 50% now.always leader is BTC, he proved it again.So I think in the future This BTC dominance will remain near 50%..What do you guys think
In my opinion this bitcoin price is really connected with guys who withdraw on bad red market their altcoins through the bitcoin and changing it on bitcoin, so it's the reason
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August 12, 2018, 12:06:12 PM
 #27

ETH is falling and again BTC Dominance above 50% now.always leader is BTC, he proved it again.So I think in the future This BTC dominance will remain near 50%..What do you guys think
This shows that the market is very bad. Investors were not interested in investing in altcoin. And they moved to bitcoin and waited. It made the whole altcoin go down. As ETH has fallen sharply in recent days. The market today has recovered slightly. But if Bitcoin can not go up to 6700$. Then we will see the market will be more pathetic

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August 12, 2018, 12:14:25 PM
 #28

I do not think so, I believe that in future the price of BTC will be reduced and the money will be divided equally over all altcoin, because now the gap is too large, it is breaking the balance inherent, so it will adjust everything about the balance  Roll Eyes Cool Shocked Sad Angry Grin
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August 12, 2018, 12:34:14 PM
 #29

Btc dominance is above 50 percent is a good news i think, Because lots of people are entering this market with bitcoin, so if bitcoin price goes up, many people can back on crypto currency world again.

I don´t think is correct and also it is not good news if the dominance is increased due to a general shrinking of the market. The aim is to pump, not to "dominate"
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August 12, 2018, 12:37:09 PM
 #30

I think now it is a matter of volume and we will see btc going through the roof, just imagine a dominancy of over 60% and market volume growing over 1 trillion mark, i think we can easily expect btc over 30k mark in such situation and this can happen in the last few months of this year.

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August 12, 2018, 12:50:02 PM
 #31

I think ethereum still hasn't fallen, this should be the right time to buy ethereum because the price is very low now. you can get a lot of profit if the price goes up again.
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August 12, 2018, 12:50:42 PM
 #32

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August 12, 2018, 01:10:10 PM
 #33

95% of tokens are running on ETH platform. Most of them raised their capital in ETH during their ICO and
now it is loosing it`s value, so some of them in panic and selling ETH. (statistic says around 100 k sold in last 30 days)
I think this decrease of ETH is a combined effect of this sell and the bear market

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August 12, 2018, 01:12:24 PM
 #34


this is happening because those who thought $6000 is the strongest support and so were selling altcoins to profit when BTC bounces back to 8k making its dominance up again to 50%. once it rises up again its dominance will gradually decrease. btc will dominate the more when there is bull run but then i doubt this  will happen this year. its best for it to keep its price below 10k. this will give more time for you to accumulate even just 1 btc.

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August 12, 2018, 01:22:41 PM
 #35

ETH is falling and again BTC Dominance above 50% now.always leader is BTC, he proved it again.So I think in the future This BTC dominance will remain near 50%..What do you guys think

What  50% do you mean? Cryptocurrency is dominated solely by btc and all the other altcoins are just following the lead of what btc can do. I don't think that even when the price of eth will be increasing, btc will not be dominated.

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August 12, 2018, 02:13:42 PM
 #36

This is happening because people trust Bitcoin more than Ethereum. A dominance of over 50 % for Bitcoin is not a bad thing though, it just means that people feel safer to hold Bitcoin.

Yes It is not a bad thing..BTC rising/strong means whole crypto market will be safe..still people think crypto = BTC. and it is not 100% wrong.

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August 12, 2018, 02:35:09 PM
 #37

ETH is falling and again BTC Dominance above 50% now.always leader is BTC, he proved it again.So I think in the future This BTC dominance will remain near 50%..What do you guys think

What  50% do you mean? Cryptocurrency is dominated solely by btc and all the other altcoins are just following the lead of what btc can do. I don't think that even when the price of eth will be increasing, btc will not be dominated.

Market's still down none the less so i think there's not much to it. And people probably prefer to just hold on to their bitcoins than being active in buying and selling or holding alts.

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August 12, 2018, 08:58:10 PM
 #38

The greater part of the merchant offer their altcoins to get Bitcoin, and this mean numerous dealer has expectation the cost of BTC will going up. I think this expectation is completely in decision of ETF comes about.
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August 12, 2018, 09:08:25 PM
 #39

Bitcoin will be the strongest for the future in a very long time, behind Bitcoin always dominates the market every day, turnover and demand reaches 50% of all altcoins, especially for Ethereum, it's common in the public eye, Bitcoin always does that to pump in in the near future to be able to return to more convincing users around the world, the future of cryptocurrency is in Bitcoin because this is the most talked about coin with the biggest users so the advantage to always dominate in the next few years is always open.
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August 12, 2018, 09:24:43 PM
 #40

ETH is falling and again BTC Dominance above 50% now.always leader is BTC, he proved it again.So I think in the future This BTC dominance will remain near 50%..What do you guys think

I think that the question is how big is the fall going to be, since it is obviously here to stay, and doe not look like making any improvement during the year.
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