Very stable BTC dominance

[Akpuv]

BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway.

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[A L I E N]

BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway.

During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%.

[StacksCity]

The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold.

[Ranly123]

BTC is always going to dominate the market till eternity. I am quite sure that even if the entire market capitalization plunges to $1 billion, BTC will still hold sway.

During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%.

It's good to see those numbers going up. As for my investments, I am still at loss but I am keeping my faith to recover from previous dip and hopefully enjoy some profit in the near future.

[TravelMug]

The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold.

Bitcoin has dominated this market for so long. So I don't think that someone will just arrived and took the market by storm. And just by looking at the trading volumes either in bear or bull market, bitcoin still remains the crypto King so obviously the dominance will continue for many years, specially when institutional money enter the market next year.

[horrifiedx1]

The dominance should continue simply because the fact that when institutions enters the market, BTC will be the first crypto they hold.

Bitcoin has dominated this market for so long. So I don't think that someone will just arrived and took the market by storm. And just by looking at the trading volumes either in bear or bull market, bitcoin still remains the crypto King so obviously the dominance will continue for many years, specially when institutional money enter the market next year.

with the volume of bitcoin reaching 30% of the total volume, I think its bitcoin is difficult to pursue. so it is not surprising that bitcoin is the leader of other coins, so what happens to BTC will affect the development of other coins. when the BTC price falls, the other coins also fall and vice versa

[sulendra12]

During the last bull run that we had in winter 2017, Bitcoin dominance was close to 37% as people were willingly investing in fast-growing altcoins. Now, more investors trust BTC, and its dominance is close to 54-55%.

Even though the price is really underwhelming, but the dominance and its interest are still promising for us as holders and investors also community keep making Bitcoin become more perfect with the current development which makes BTC as dominating the current market.

[CarnagexD]

The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD

I agree


The altcoins do not have a great use in real life, if the altcoins had practical use in real life then the dominance of bitcoin would be much smaller and the falls of prices of bitcoin would not affect much the altcoins, but the reality is that the altcoins are focused on solving the problems of the internet, nothing against this, but there are already over 2000 altcoins and more than 80% of these altcoins have the same purpose

 Yes, Bitcoin remains on top of all the coins as postdd on the crypto market, it survived with all the attack on its market stability on the market. The down turn on the recent market activity last week seems ended. Yet, the market still volatile and unpredictable. Expert says.. they are still awaiting for the Capitulation on the market? On the other hand crypto market shows positive indicators now testing the 4k level on the market. Once Bitcoin sustained this level i believe the rally on upward trend will follow. Good luck

[wuvdoll]

Dominance is one way of looking at why bitcoin is not dropping as much as the others but also a way of looking why its not moving as fast as others when going up as well.

The deal is when you want to sell you sell your lets say xvg to bitcoin and bitcoin to dollar, which means your xvg only got a sell order, your bitcoin got a buy order AND a sell order, thats why bitcoin didn't dropped too much whereas xvg dropped a lot.

When people are getting out this is the reason why bitcoin is not dropping as fast as other coins. However when buying you spend dollars to buy bitcoin and SELL your bitcoin to buy xvg. Now your bitcoin got bought but also sold whereas your xvg only got bought.  It makes bitcoin not go as fast as your xvg. This logic has always applied on volatile days and will always be used no matter what.

[Riddikulo]

The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD

I agree


The altcoins do not have a great use in real life, if the altcoins had practical use in real life then the dominance of bitcoin would be much smaller and the falls of prices of bitcoin would not affect much the altcoins, but the reality is that the altcoins are focused on solving the problems of the internet, nothing against this, but there are already over 2000 altcoins and more than 80% of these altcoins have the same purpose

 Yes, Bitcoin remains on top of all the coins as postdd on the crypto market, it survived with all the attack on its market stability on the market. The down turn on the recent market activity last week seems ended. Yet, the market still volatile and unpredictable. Expert says.. they are still awaiting for the Capitulation on the market? On the other hand crypto market shows positive indicators now testing the 4k level on the market. Once Bitcoin sustained this level i believe the rally on upward trend will follow. Good luck

Whatever happens on the market, Bitcoin dominance will be also great, man. It is the number one cryptocurrency, and most people take BTC and its price as the indicator of the crypto market situation.

[BTCGOLD]

I think that 2019 may bring many surprises when it comes to the market cap of many altcoins. I think that whether Bitcoin will maintain, increase or decrease its dominance will not depend only on its popularity. People have already learned that Bitcoin is not the only one on the market and I think that many altcoins can receive a lot of fresh funds that can change the balance of power in the whole cryptocurrency market cap.

[fatlever]

At times it tense with a sudden change in price but we all know it is a bear or bull market and there is NO assurance price will have a uptrend always so we need to have a back up plan to meet the dominance and handle the currency by shifting to another accordingly.

[charlotte04]

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 times comes right and people will realize that bull run is coming again, then a lot of investors will eventually come and it will make the BTC dominance spike up again.

[pedangrusak]

to this day the value of BTC has reached $ 3900 up 7% from yesterday and this is still stable and profitable in trading, but if you make a long-term investment this is not the best value bitcoin and altcoin gives for your investment, just need to be patient and wait come for the profit you want

[b3llsf1l3s]

If developing countries happen to get a regulation of the cryptocurrencies(they have to) then this will lead to second phase bull market . I suggest people to stay along with crypto as it is unstoppable . Be it legal or illegal, people will use it . Actually , the countries making it illegal are stupid as people would use it irrespective of the legal involvement . After every bear, there is a bull waiting .

I do not mean to scare the scare, but I think a lot of news about a country that has been regulating crypto and the results, this still only gives crypto price stability, absolutely not able to make the bull phase run back like it used to. Maybe this is the old way and we always need a new method to make another bull run phase

[TheClownSong]

I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement

[Barbut]

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 times comes right and people will realize that bull run is coming again, then a lot of investors will eventually come and it will make the BTC dominance spike up again.

Last year when bitcoin price had ath bitcoin dominance was at 33%, or somewhere around that. I was confused about that, later when I started to read about what can affect bitcoin dominance on market I understood that its one big manipulation. Main source of this informations about dominance comes from coinmarketcap, but they manipulated with numbers and they were caught doing that.
Here is one good article about it https://cryptoguidepro.com/bitcoin-btc-dominance-index-meaning/ you can learn about bitcoin dominance and about bitcoin dominance in relation to the cryptocurrency market as a whole. I wish you good reading friends, learn more, know more, and nobody can`t lie you after that.

[Natalim]

I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement

The increase of dominance of bitcoin is bad for the overall market, that means people are selling their alts and buying btc, but it's only a one way success. Just recently, the dominance has dropped a bit when there's a little pump, but when it dump again, the dominant easily increase.
Still, at above 50% dominance rate, I think the market is scary.

[wewe123]

I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement

The increase of dominance of bitcoin is bad for the overall market, that means people are selling their alts and buying btc, but it's only a one way success. Just recently, the dominance has dropped a bit when there's a little pump, but when it dump again, the dominant easily increase.
Still, at above 50% dominance rate, I think the market is scary.

Its been many years now and yet bitcoin is still regaining dominance of the market , we can not deny for this because bitcoin is the top coin of the crypto market , and it is made as referrence of all the altcoin in the crypto market ,I think bitcoin will remain dominance for a long period of time until such time the ,other altcoin will rise and take over bitcoin.

[Yamifoud]

I think bitcoin dominance remain at 53% because many altcoin in market. Investor right now not just investing their money only in bitcoin. Beside that, many investor converting their altcoin to bitcoin. I think bitcoin dominance should be below 50% because if remain above 50%, its hard for altcoin to grow and cryptomarket too much depending on bitcoin movement

No question on how Bitcoin still doing great in front of crypto crisis.  Many coins were dump drastically but Btc could manage to maintain on its place. Ripple will tried to pump up but isn't strong enough to catch btc on top.  This it means that still Btc is the most favorable pick among investors.