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Author Topic: How high will BTC dominance go?  (Read 202 times)
HeraldoCrypto
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August 28, 2018, 06:58:56 AM
 #1

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?
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August 28, 2018, 08:05:04 AM
 #2

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?

I think it might top out at 60% or so ... max maybe 65%.

Basically there are lots of alts, however the alts that will lose the most don't have a large enough market cap to make a difference.

The top 10 or top 25 are already at 90% losses from ATH and they will probably not go much lower.

And when the BTC bull rally starts most likely the dominance might start flattening or dropping actually.

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August 28, 2018, 08:12:48 AM
 #3

I don't know.

During the last bull runs BTC dominance was sinking because people started to invest in Altcoins again.
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August 28, 2018, 08:20:30 AM
 #4

I'd like to see it at 70% though it's quite too high but it will slap out all altcoins.
Last year's highest was around only 45% and it was able to break it out this month with 54.5% dominance.
Without any bull run, I think its possible to reach 60%.

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August 28, 2018, 11:56:09 AM
 #5

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?
There is really no limit to it. I mean I don't think it will ever be %90 or whatever but I think it is quite limitless how far it can go up or go down. There is literally no barrier that just stops it when it reaches to something. It can go up or down but never really change anything in the market.

When bitcoin goes up, sometimes other coins "go down" in bitcoin value but when you look at their dollar value their dollar value usually stays the same, hence when you look at the dominance sometimes even when bitcoin goes up, dominance stays same. Hence, don't worry about the dominance but focus on seeing greens on the market for couple days in a row, when you see that, that is usually the sign of bull run which will fix this dominance and make all of the coins gain value and not just couple of them.


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August 28, 2018, 12:06:33 PM
 #6

I want 100% bitcoin dominance,0% altcoins and 1 trillion cryptocurrency(bitcoin only) market cap. Grin
All those altcoins make me think that the crypto world is focused too much on the wrong topics,like altcoins day trading(pump&dump),ICO projects,crypto exchange platforms.The crypto world should be focused only on making bitcoin more popular and spreading the adoption of btc across more countries.

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August 28, 2018, 12:22:06 PM
 #7

it is very hard to say. there is not much room to go up higher than 99%. I don't think bitcoin can ever become 100% dominant because there are still altcoins out there with some potential which are currently taking that 1% from bitcoin and dropping its dominance to 99% and I don't really think it can go any higher than that.

as for total market capitalization, bitcoin's ration will continue to go down because it is very easy to create shitcoins in a second. and even if bitcoin is worth $1 million per coin its market cap can not compete with 2000 (by then it will be 10000) shitcoins each of which has billions of tokens created which make their market caps bloat.

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August 28, 2018, 12:42:31 PM
 #8

I think btc dominance should and will stay between 50% and 60%. We need bitcoin to stay much stronger than the others for a simple reason. The people that dont know much about crypto know only about bitcoin, is bitcoin is strong, they probably will invest, so dominant bitcoin will bring more people to crypto.

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August 28, 2018, 12:47:28 PM
 #9

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?

In reality bitcoin dominance is much greater than coinmarketcap shows. A lot of alts have artificially inflated caps, it will go away soon. Many projects will fail.

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August 28, 2018, 01:19:46 PM
 #10

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?

In reality bitcoin dominance is much greater than coinmarketcap shows. A lot of alts have artificially inflated caps, it will go away soon. Many projects will fail.
Yes, I think also some traders now have a choice in altcoins from 100% of bitcoin dominance but it less with altcoins 20% and the rest in bitcoin. Many emerging ICO's projects and a ton of investors having a wrong choice and indeed they will get scam. We could not predict how long it will be run the good dominance in bitcoin but one thing I am sure, it is good to that the market dominance of bitcoin is 60% to 75% dominance for sure that has a good profit.

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August 28, 2018, 01:25:59 PM
 #11

It predicted to increase up to $7900 or up to $8400 USD but I think we can see it on the Month of October, and unlikely a correction may occur again by November and December, So we will drop to $6700, I really think this year would still be a bearish trend for us and unlike in the last year Bullish year we had it will sure creep on us up to next Mid year of 2019, But I guess it is still a good thing that the price will not drop significantly lower than that so it is still a good thing.














 

 

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August 28, 2018, 01:47:01 PM
 #12

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?
I still think it's nothing, this movement is only temporary, 4 months must be followed, I think it's still 50%, if it increases the estimate by around 60%, or it can go down again, I see a few minutes up and down

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August 28, 2018, 01:56:35 PM
 #13

It will reach again 10k$ next month in my opinion without bull run. I also think ETF will be approved and after will grow a lot. The best now is to get more bitcoin and hold it.

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August 28, 2018, 01:58:18 PM
 #14

I want 100% bitcoin dominance,0% altcoins and 1 trillion cryptocurrency(bitcoin only) market cap. Grin
All those altcoins make me think that the crypto world is focused too much on the wrong topics,like altcoins day trading(pump&dump),ICO projects,crypto exchange platforms.The crypto world should be focused only on making bitcoin more popular and spreading the adoption of btc across more countries.

I get that completely, but the world needs more than just Bitcoin, and there is enough room for other currencies to develop themselves in their own field.

Another aspect is that with how exchanges are more than ever focused on verification and whatnot, people instead of trading altcoins versus fiat, will trade altcoins versus Bitcoin. It's a base currency. I'm personally not a fan of these ties, but they add to Bitcoin's utility and make sure a very large number of Bitcoins will be kept off the market pretty much for ever.

In other words, Bitcoin is actually being used as currency, and it has been so for years and years. It never loses value against any coin.

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August 28, 2018, 02:10:51 PM
 #15

now the price of bitcoin has risen quite sharply, in my opinion the price of bitcoin will reach 8k. after that there will be a slight correction and the price of bitcoin will continue to rise until the end of the year.

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August 28, 2018, 02:51:59 PM
 #16

we can't say this is bull run, we have often been lied to in this situation before. although currently the price of bitcoin is in a positive trend but this does not rule out the possibility of bitcoin prices falling again.
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August 28, 2018, 03:48:01 PM
 #17

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?
There is really no limit to it. I mean I don't think it will ever be %90 or whatever but I think it is quite limitless how far it can go up or go down. There is literally no barrier that just stops it when it reaches to something. It can go up or down but never really change anything in the market.

When bitcoin goes up, sometimes other coins "go down" in bitcoin value but when you look at their dollar value their dollar value usually stays the same, hence when you look at the dominance sometimes even when bitcoin goes up, dominance stays same. Hence, don't worry about the dominance but focus on seeing greens on the market for couple days in a row, when you see that, that is usually the sign of bull run which will fix this dominance and make all of the coins gain value and not just couple of them.


The theoretical limit for me is 80% due pareto law distribution, but as discussed before in other thread, you cannot rule out all the greedy gamblers that love trading BTC for pump and dump shitcoins, which is the sole reason all these shitcoins are alive to begin with.

When the necessity for gamblers and penny stock traders (maybe this is the same thing) align within the will of exchanges to make money, they will simple keep listing all these shitcoins for people to trade with and milk the trading fees. Why wouldn't you do it? You could say listing shitcoins degrades your brand and this is the case, but even the biggest exchanges nowadays list shitcoins so I don't see that changing in the future.

I believe we will go back to 80% for the sheer amount of shitcoins out there crashing and most of it going to BTC, but the remaining 20% will continue being the paradise of over-the-radar trading in exchanges hosted overseas without KYC or any requirements to identify yourself where you will be able to trade BTC against all kind of exotic tokens without limits.

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August 28, 2018, 03:50:05 PM
 #18

I don't know.

During the last bull runs BTC dominance was sinking because people started to invest in Altcoins again.
It is usually this way most times after a bull run for bitcoin. During the bull run, altcoins always take a huge dip than one can imagine like we saw last year. Although, for a whole lot of them, they have really touched that bottom already, and one might start beginning to see if there is a possibility for some bullish activities on them as bitcoin keeps showing some little sign upward in a consolidated mode.

I guess these are questions that will be answered with time. Nevertheless, the fact that the dominance is increasing does not mean it can still not drop and I do not use that as a basis for a bullish indicator at all.
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August 28, 2018, 05:03:05 PM
 #19

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?

I don't know why are you infatuated with Bitcoin dominance. Remember that during the peaked of Bitcoin, it didn't get to 50%. So I don't think that dominance is a good indication of the price of bitcoin. We can have a good bull run without touching more than 50% as evident of Nov-Dec 2017.

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BitcoinNewbie15
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Bitcoin isn't a bubble. It's the pin!


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August 28, 2018, 05:36:49 PM
 #20

BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?

I don't know why are you infatuated with Bitcoin dominance. Remember that during the peaked of Bitcoin, it didn't get to 50%. So I don't think that dominance is a good indication of the price of bitcoin. We can have a good bull run without touching more than 50% as evident of Nov-Dec 2017.

BTC dominance isn't meant to be an indicator of Bitcoins price. It is meant as an indicator as Bitcoins market share. The higher the dominance the better, as that means a majority of the money in the crypto industry is where it should be, which is in Bitcoin. As dominance increases, these scammy crap coins lose value and will end up disappearing. The fewer the crypto coins out there, the better.


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T 
Better. Quick.

Transparent.






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