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Author Topic: Dominance of BTC  (Read 165 times)
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September 25, 2018, 07:42:48 AM
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 #1

It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods? Huh

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September 25, 2018, 08:05:22 AM
 #2

I have seen similar topics created like this hear, it is no doubt that btc controls the rest of the cryptos, remember a lot of exchanges btc is traded against alts, so their is no way it will its price will be falling and the traded pair remains same, it is usually difficult.
Thus is not forex. The altcoin market is still immature for independence

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September 25, 2018, 08:42:19 AM
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first of all there is absolutely no consequence for bitcoin or others if bitcoin's dominance (the real dominance or the fake dominance that newbies use) grows or shrinks. if a project is good, it is good. people who are adopting bitcoin (for example a merchant in Japan that started accepting BTC for the goods he sells) is not choosing bitcoin because of some arbitrary number that you call dominance. they choose bitcoin because of a thousand and one reasons including decentralization, security, immutability, no taxes,...

secondly what newbies call dominance is just a fake number produced by market capitalization which is fake itself since it is multiplication of supply and price where supply of 90% of the market is fake.

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September 25, 2018, 11:09:19 AM
 #4

Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all.

Altcoins not growing has nothing to do with Bitcoin and everything to do with the vast majority of altcoins being trash or scams. These are projects with a market cap of millions or billions of dollars that don't even have a working product. ICOs raising billions of dollars on empty promises. You think they should be worth more?

If you want an altcoin to grow, then make a product that is useful, instead of just slapping "Blockchain" and "ICO" on some trash in order to make easy money.

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September 25, 2018, 11:21:27 AM
 #5

I don't think it is necessary, and even with the alt coin markets beaten down Bitcoins dominance does not exceed the mid 50's. I think that as markets mature we will see less dominance by Bitcoin and less correlation between Bitcoin and the Alts and Bitcoin will start being seen for what it is rather than as a proxy for the whole cryptocurrency market.  

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September 25, 2018, 11:24:32 AM
 #6

I also noticed this. That every altcoins value is just a tail of bitcoins value. I don't think any altcoin can separate its development from bitcoin. In every coin development, there will always be a bitcoin behind it. Maybe in the future, some altcoins can go independent. But I am sure that it is impossible right now.

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September 25, 2018, 11:56:41 AM
 #7

It is not a wrong decision if someone chooses to be closer to BTC. It has been proven that bitcoin is capable and has experienced a great reputation. Dominate a thing that is the dream of many people. Bitcoin is always the best and has proven to be great !! Cool Cool

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September 25, 2018, 12:10:26 PM
 #8

i can agree with you. lot of high tech coins are dumping just because of btc dump. but i have heard that if btc dominance go below 20% then alts will have better control. once it was 32%. so it can happen in 2019. lets see what happens

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September 25, 2018, 12:20:57 PM
 #9

Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all.

I'm not sure if this hold correct. Altcoins, however new, have been playing an equally important role in crypto market. Yes, we can definitely say that BTC has dominated it but that's also partly because it's been here since the beginning. While altcoins are relatively young. A lot of altcoins have shown immense potential and I'm sure they will emerge equally strong that to BTC with time and accepatability.
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September 25, 2018, 03:29:35 PM
 #10

Bitcoin was born during the global financial disaster of 2008, which was caused by the policy of central banks.  It is the desire of the citizens of the world to protect their savings from state arbitrariness, making it the first crypto currency out of competition and, at the same time, the world's first global bubble.  Bitcoin is not subject to inflation and if it is used as an international reserve currency, states will have to revise the basic financing mechanisms from inflation to direct taxation. It is possible that the only means of financing will be taxes and in international trade no country will have privileges over any  other!  Here is a brief explanation of why bitcoin has no competitors.
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September 25, 2018, 03:39:21 PM
 #11

I don't think BTC needs to maintain a dominance of over 50% to be successful, last year it was down to just over 30% and we couldn't say it was less successful. The only true measure of success is the number of active users, this matters far more than dominance, market cap and even trade volume as these are all poor indicators of usage.


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September 25, 2018, 05:46:31 PM
 #12

I think the success of bitcoin varies indifferently with the users
If you get maximum profits from trading bitcoin , you won’t worry if it does less than 30 % because you know you still get your profit

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September 28, 2018, 12:35:28 AM
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It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods? Huh
The most important characteristic of bitcoin is that it is very sustainable crypto currency and it has made its existence since more than a decade and still is on the path of success and in this period of one decade, bitcoin has made a tremendous progress and has secured first position among all crypto so no doubt that how much potentiating the bitcoin is as not only this there are millions of people around the world who are investing into bitcoin and therefore bitcoin is considered as superior and dominant over all the kind of investment.
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September 28, 2018, 01:01:26 AM
 #14

Mone has consolidated into BTC during the downturn so it has held its value a bit better than alts. But I expect less dominance in BTC when the next bull market hits. Money will rush into altcoins.

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September 28, 2018, 02:39:38 AM
 #15

It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods? Huh

Well, i think it is normal for bitcoin to dominating in the market because first, the price of bitcoin is the highest, and second, bitcoin has many holders because bitcoin is created in 2009, so the volume in the market is very high because peoples trading coins with BTC is the most used pair.

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September 28, 2018, 02:48:08 AM
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first of all there is absolutely no consequence for bitcoin or others if bitcoin's dominance (the real dominance or the fake dominance that newbies use) grows or shrinks. if a project is good, it is good. people who are adopting bitcoin (for example a merchant in Japan that started accepting BTC for the goods he sells) is not choosing bitcoin because of some arbitrary number that you call dominance. they choose bitcoin because of a thousand and one reasons including decentralization, security, immutability, no taxes,...

secondly what newbies call dominance is just a fake number produced by market capitalization which is fake itself since it is multiplication of supply and price where supply of 90% of the market is fake.

nice, so the fake data on market price is true, there are rumors that fake data are swarming the market because ICOs do so, this must be stop, i hope some one or the system will solve this issue, awareness i think is one of the key, never rely on too good to be true publicity to influence the users or the market itself.

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September 28, 2018, 02:57:09 AM
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Acceptability of bitcoin makes it the dominant coin, and this is as a result of its stability, security and so on, i will rather deal in coin that is generally accepted, that makes my transaction and deals easy.
Altcoins needs to delivery a working product and grow gradually in rank.

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September 28, 2018, 03:03:48 AM
 #18

bitcoin really deserves get dominance from the crypto market and there's nothing wrong if bitcoin has it. do not make it a silly reason that the dominance of bitcoin has a negative impact on the growth of altcoins, that is not true and an unreasonable reason.

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September 28, 2018, 03:18:40 AM
 #19

bitcoin really deserves get dominance from the crypto market and there's nothing wrong if bitcoin has it. do not make it a silly reason that the dominance of bitcoin has a negative impact on the growth of altcoins, that is not true and an unreasonable reason.


    It can't be denied that Bitcoin is one of the determing factors on Crypto or ALT Coin Market on the treed. With the ups and down on the price value of Coins as posted on the market. Bitcoin show's stability, realiabilty on the Crypto Business Market. The drviving force of Bitcoin on the market is very visible. Let's just seat thight and monitor our investment.

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September 28, 2018, 03:21:43 AM
 #20

It goes without saying that BTC’s dominance on the cryptocurrency market is very significant and has a lot of consequences like negative and positive ones. Even to take in attention the fact of BTC’s being close to be the foundation of cryptomarket, it is very important influencer and it can be the reason of market’s decreasing or its death in the worst situation. Thanks to this dominance alternative cryptocurrencies are not able to grow in their whole potential so cryptomarket can’t be developed at all. From the other side of this question BTC has become the main reliable coin for investments and its stability is very nice for all of us. So is it necessary to have this dominance or it could be liquidated and with such methods? Huh
There is a possibilities that another cryptocurreny to be dominant just as bitcoin does, but it would takes so much effort to do that, cause people tends to keep looking on Bitcoin before they look on another cryptocurrency. Perhaps it's just mindset that makes bitcoin dominant to the altcoins.

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