BTC market dominance: why it doesn't matter

[pooya87]

two things that i need to point out.
first is the following statement:

~ BTC is a technology that can only die. That it's no longer innovative enough and will disappear.

you need to read between the lines. what this says is the following:
it says "our shitcoin which is only a little different from bitcoin but is copied from it is better and 'innovative' just because we changed a tiny bit of the irrelevant part of the code".
in other words this has been an advertisement to pump shitcoins and it is so dumb since bitcoin IS the newest technology!


as for market dominance, it matters A LOT. but the problem is what people call market dominance is NOT market dominance it is market capitalization ratio! and that is a 100% fake and meaningless number when someone can create billions of dollars worth of it out of thin air and have a completely useless token with a huge market cap.
when market capitalization ratio of bitcoin is 50%, the market dominance of bitcoin is still above 95%

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[libert19]

I don't care either, because all alts pumped (even shitcoins), last year just because BTC was rising, now that alts again following BTC albeit with down trend, people are mad.

[St4yInTh3D4rk]

I don't care either, because all alts pumped (even shitcoins), last year just because BTC was rising, now that alts again following BTC albeit with down trend, people are mad.

They just follow bitcoin for investing on any other coins so when the bitcoin is not at its best more people lose interest on investing on crypto and few of them moved to shit altcoins into bitcoin that is why the dominance increased but its nothing to do with the future of the crypto currencies.

[BrewMaster]

I don't care either, because all alts pumped (even shitcoins), last year just because BTC was rising, now that alts again following BTC albeit with down trend, people are mad.

They just follow bitcoin for investing on any other coins so when the bitcoin is not at its best more people lose interest on investing on crypto and few of them moved to shit altcoins into bitcoin that is why the dominance increased but its nothing to do with the future of the crypto currencies.

the only reason "dominance" decreased in first place was because of a big suge of shitcoins in the market that were coming out nonstop each having millions of useless token which then increased the total market cap by a lot.

so obviously when they got dumped that fake market cap vanished and "dominance" went back up again!