Bitcoin dominance

[Epimetheus]

It has become very natural if bitcoin becomes dominant and becomes a benchmark for the price movements of all cryptocurrency that are under the auspices of bitcoin because bitcoin is the king of all cryptocurrency.

In crypto platform Bitcoin is guide the total cryptocurrency so no one is dominanting the Bitcoin. Because most of the time Bitcoin is dump others are follow the same way. So dominance is the depends on control the cryptocurrency. But Bitcoin is a trustable crypto so once loose the hope of Bitcoin others are down because panic sellers are always increase in crypto platform.

Yes this is true.Bitcoin is the topmost and the number one cryptocurrency in the market.Bitcoin has the largest number of users in the market.When the topic of cryptocurrencies rise it is bitcoin only that people talk about.Bitcoin is the money making machine and people take advantage of it.Bitcoin has made many people rich and even billionaires invest in it due to the profit margin it gives and that too in a short period of time.People have a lot of faith in bitcoin.

[randythered]

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation?

https://coinmarketcap.com/charts/#dominance-percentage

It's going to go down more over time, it's inevitable. 1 coin vs 2000+. BTC will remain no 1 for a long time but it won't be able to sustain such dominance if only a few alts begin to have any real world usage.

[jhonjhon]

For all of bitcoin existence it's held over 80% mkt cap dominance over all other coins up until early 2017, where it has gone to 34%-56% since, currently 53%.
What bodes for the future of this correlation?

https://coinmarketcap.com/charts/#dominance-percentage

It's going to go down more over time, it's inevitable. 1 coin vs 2000+. BTC will remain no 1 for a long time but it won't be able to sustain such dominance if only a few alts begin to have any real world usage.

I don't think so,  though it seems to be inevitable for its dumping scenario but I've never think that bitcoin will loss it's potentiality. I believe Bitcoin will still in the dominance among cryptocurrencies existed, it's uniqueness will made this coin being on the top and very valuable in the market.