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Author Topic: Very stable BTC dominance  (Read 1235 times)
Mahanton
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April 19, 2019, 07:30:27 PM
 #121

Indeed the bitcoin dominance was always over 50% as i know and this can be good for bitcoin holders and also for traders, maybe this can help in future to have a huge price.
When it comes to Bitcoin dominance then theres no doubt that no alts would able to surpass it out but there are times which they are mostly tied up with ETH on previous years when it comes
to dominance percentage but eventually the market twist up again and arranging for us to see that who's boss on the entire crypto market.Seeing dominance do really put some confidence yet
you would able to presume the possible potential ahead.

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April 19, 2019, 10:27:04 PM
 #122

Bitcoin will always be dominant there is just noting close to it it seemed like Ethereum and ripple had a small chance of getting close to it but it was never really sustainable.
Noting can keep up
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April 20, 2019, 01:27:44 AM
 #123

It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market).

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April 20, 2019, 01:46:37 AM
 #124

It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market).
We will never know what will happen to the market if the dominance will drop at that level.
Maybe that time bitcoin will be hard to manipulate since some coins are already taking a good percentage in dominance.
Now, bitcoin is still at more or less 50% dominant rate, as it fluctuates.

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April 20, 2019, 02:02:30 AM
 #125

It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market).
We will never know what will happen to the market if the dominance will drop at that level.
Maybe that time bitcoin will be hard to manipulate since some coins are already taking a good percentage in dominance.
Now, bitcoin is still at more or less 50% dominant rate, as it fluctuates.
I agree, currently bitcoin is still dominant, so every move will be followed by other coins. but if the market has spread, it will be difficult for bitcoin to influence other coins, but whether that will happen, I don't think anyone knows yet, because bitcoin will still retain its influence

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April 20, 2019, 02:43:25 AM
 #126

It has been around 50-54% percent for more than 8 months. Not sure if it is a bull indicator but last time when the bull trend started the dominance went to 37%. In a mature market, BTC dominance should be around 5% (similar to gold dominance among the fiat market).
actually bitcoin will always dominate and maybe not there will be an altcoin that can replace the dominance of bitcoin, if it gets to bitcoin until it is replaced,
there may be an imbalance in terms of price or community, so bitcoin must still dominate

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April 20, 2019, 09:02:44 AM
 #127

I think we may need more time to see how the price of Bitcoin evolves.
one of the risks in investment with crypto currency is the prediction of the development of prices no one can know for sure of course patience and patience is the most important capital

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April 20, 2019, 01:51:05 PM
 #128

investing in cryptocurrency is a very high risk if we don't understand correctly about market movements because the market is very difficult to predict and move wildly,I think it is quite stable, the price of bitcoin is priced at $ 5000 to $ 6500 and at the end of 2018 there is no price surge like many people predicted.

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April 20, 2019, 02:20:32 PM
 #129

Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%.
However it appears previous bear market phases always had an impact on the indicator.

How do you explains this at all?

/edit: details
Since september Bitcoin went from $6500 to $5500
Then 5500 to 4200
Then 4200 to 3700
Then 3700 to 4300
Then 4300 to 3300

BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53%
Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards.

Note that the absolute value of btc dominance (53%), high/low, is not my point at all.
Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning.
when we see the development of Bitcoin it is more dominant in the Crypto market so we cannot say the other currencies have the opportunity to make the development of Bitcoin and it will not been probably not possible for any type of investment.

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April 20, 2019, 02:24:14 PM
 #130

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April 20, 2019, 05:50:49 PM
 #131

Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%.
However it appears previous bear market phases always had an impact on the indicator.

How do you explains this at all?

/edit: details
Since september Bitcoin went from $6500 to $5500
Then 5500 to 4200
Then 4200 to 3700
Then 3700 to 4300
Then 4300 to 3300

BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53%
Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards.

Note that the absolute value of btc dominance (53%), high/low, is not my point at all.
Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning.
in this time the Bitcoin stability will be the difference when comparing to the previous time and it made lots of confidence about the investing thoughts today so when it developed right now it will also came with the stability so the investors had the time to made a decision and took the right decision also

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April 22, 2019, 06:57:43 AM
 #132

I find BTC is the leader of the pack, the other 5 or 10 major crypto currencies are always following the trends that btc is taking.
If bitcoin fall down the rest will falls down with it, I cant see in the future that BTC will be replace by any other crypto currency.
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April 22, 2019, 09:47:58 AM
 #133

No matter what the price will be, as long as the price didn't go up or down quickly as much so that online businesses with bitcoin as payments will not lose to volatility, is good. Even if bitcoin will be price at $3,000 and below, if such increase or decrease are not hourly or daily, bitcoin will be used without hesitation and can be stored or be used  like a real currency.

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April 22, 2019, 11:19:52 AM
 #134

The market fell, but the trading volume of Bitcoin accounted for about 55% of the entire Cryptocurrency market. Even when the market thrives, Bitcoin still accounts for about 60% of the total supply of total market volume. Bitcoin is always in perpetual existence even when the market is terrible or growing. We believe Bitcoin can change all in the future and its trading volume is increasing.

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April 22, 2019, 12:11:18 PM
 #135

I find BTC is the leader of the pack, the other 5 or 10 major crypto currencies are always following the trends that btc is taking.
If bitcoin fall down the rest will falls down with it, I cant see in the future that BTC will be replace by any other crypto currency.
Only 5  to 10 cryptos were following the prices of bitcoin? I guess all the cryptos which are traded just follow the trend of bitcoin and that is the reason why dominance has increased from the last year.But still price of bitcoin was low compared to its dominance level on the market so in the current bull run we may see less dominance and increasing in the prices.

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April 22, 2019, 02:10:17 PM
 #136

be too early for speculation, I hope that after the holiday season, bitcoin will recover, I do not think it's a lot but at least 30% of this year's fall
The op has really speculate this market to some extent and to me he has said something that will happen in future and that has happened.  Att lest bitcoin has go as low as $3200 in December last year.  We are going to see this bitcoin dominance for long and it will be very difficult to bring bitcoin down or any coins compete with it in future.  The dominance is still around 53% and I think it means majority of the coins that flow into cryptocurrencies market,  flow to bitcoin and that is why when bitcoin is growing,  other coins will follow and if it is getting dump other coins are also dumping too.

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April 22, 2019, 02:11:50 PM
 #137

45 to 53 is the perfect percentage for this year.
I remember in 2016 the btc dominance was 26 or 32 percentage and it has been continiously rising Year after the Year.

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April 22, 2019, 02:35:12 PM
 #138

The market fell, but the trading volume of Bitcoin accounted for about 55% of the entire Cryptocurrency market. Even when the market thrives, Bitcoin still accounts for about 60% of the total supply of total market volume. Bitcoin is always in perpetual existence even when the market is terrible or growing. We believe Bitcoin can change all in the future and its trading volume is increasing.

During bear markets bitcoin tends to gain dominance and the opposite happens during the bull run.  Expect these altcoins to go crazy once again during the next bullrun.  Some people even think the BTC-ETH flippening will eventually happen.

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April 22, 2019, 02:39:44 PM
 #139

45 to 53 is the perfect percentage for this year.
I remember in 2016 the btc dominance was 26 or 32 percentage and it has been continiously rising Year after the Year.
Where did you find that ratings? Many speculations tend to be positive in bitcoin. Since, in the past few years, bitcoin creates an impossible thing we might not expect. However, 2018 is not a year for bitcoin because of the market condition. There are million dollars that pulled from the market by whales which I do not know the cause. But one thing I know, they will return it again once the rally will start.

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April 22, 2019, 03:39:48 PM
 #140

Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%.
However it appears previous bear market phases always had an impact on the indicator.

How do you explains this at all?

/edit: details
Since september Bitcoin went from $6500 to $5500
Then 5500 to 4200
Then 4200 to 3700
Then 3700 to 4300
Then 4300 to 3300

BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53%
Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards.

Note that the absolute value of btc dominance (53%), high/low, is not my point at all.
Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning.

I have seen the same pattern before, this is nothing new. When bitcoin goes up, the alts go up. When bitcoin goes down, the alts go down. Bitcoin being stronger, pulls them all around, but them on their own being weaker, won't pull bitcoin very much. Of course within this pulling and pushing, their relative prices fluctuate and this is where some traders make profits from. The simple delay can signal them.

But yes in time bitcoin price is going to fluctuate less, we are talking about decades here so don't get too much expectation. Do note that "stable" doesn't mean 1:1 with the USD, they are naturally going the opposite direction in more predictable rates. You know they like to inflate the USD at or near 2% per year, so that's the very least BTC should be gaining against it. Any coin pegged to the USD is also artificially inflating with them (as with all fiats).

You can clearly see the increase of value in bitcoin's life, this looks like a logarithmic curve, it goes up very fast in the beginning but tends to slow down with time. The opposite is the exponential curve as always seen with hyperinflation, starts very slow and goes up faster and faster later...


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