Bitcoin Dominance and Bitcoin Meme

[NeutralCreep]

since you love memes so much i made you one from scratch to describe what you call "dominance" really looks like:

https://i.imgur.com/kfAZJ66.jpg

back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!

At first I wanted to rebel, but then I realized that you were right. Bravo.

[Malsetid]

We see that the downward trend in the bitcoin capitalization level continues. Therefore, interesting events await us ahead. It is possible that this may result in Bitcoin losing its price dominance over other types of cryptocurrencies. This is also indicated by the fact that even now many altcoins surpass bitcoin in many of their functional indicators. What will happen after that - a cryptocurrency market free from price domination or something else, it seems, we will soon see.

I doubt that. It may lose much of it's dominance but btc will still be the dominant coin in the crypto market. I think it's just accetable that alts grew in capitalization since crypto itself gained and is gaining popularity in general. That means the focus isn't too much on bitcoin now since people are looking at the other uses of crypto.

[Malam90]

Back in 2013, Bitcoin used to dominate over 95% of the crypto market capitalization. Bitcoin dominance has been prominent, quite stable and over 80% until mid 2017. Then things were changed and an Altcoin season took over. In the last couple of years, Bitcoin market share went down below 40% for three consecutive times, although it managed to get back up to over 50% again each time. Next couple of years will be very interesting and the trend will tell us whether Altcoins are NPC or not!

However, I have created this post to publicly discuss more on this topic and also to share interesting/funny/creative meme on Bitcoin. Everyone is welcome to participate in this discussion and meme sharing.

#Bitcoin #meme

In 2013, there was only few coins in crypto market. So bitcoin dominated more than 90% of the market capitalization but now more than 2200+ coins/ tokens are in the crypto market. Few big big coins like ETH, XRP, BNB, BCH are dominating nearly 25% of the market capitalization.  Now Bitcoin dominance is 50%+. This is clear that with the increase of new new coins, declined the dominance power of Bitcoin but still more than 50% dominance is really surprising.

[okala]

To me market capitalization is meaningless because bitcoin still maintain it dominance despite the presence of all the altcoin and bitcoin still have the highest market cap until now and bitcoin control everything that go on in the cryptocurrency market today.

[NeuroticR]

This was how ancient Egyptians would write the word 'brain' on papyrus. They had some brains.

Wait, did they have Bitcoin too?🤔