Bitcoin dominance hits 43%, alts surging ahead

[ubay]

Finally, bitcoin is back to its bullish mood and already reached $13k before pulling it back. The dominance might be the result of many investors transferring their altcoin funds to bitcoin and a significant numbers of institutional investors that buys bitcoin for the first time. Altcoins, as expected, sffered again in the gains of bitcoin as their funds shifted to the leading cryptocurrency that is now having the momentum. But I believe that altcoins will recover again when price go into another cycle again.

Altcoin will enter its heyday, but we must be extra patient in waiting for it. We better now focus on bitcoin, and continue to pump up to reach 80% market dominance.

[jerry0]

Does anyone know the lowest point where bitcoin dominance was?  I recall at one point it was like at 37% at the lowest?

[Vishnu.Reang]

Bitcoin dominance is starting to fall hard, as its price double topped, then got rejected.  Its time for the altcoins to shine, look at what is happening on HST decision token, its rallying hard today due to bitcoins bearish double top.  Altcoin season is here

Keep on dreaming about your shitcoin HST. Bitcoin dominance has actually increased to 65.2% (according to coinmarketcap). No one cares about your HST shitcoin anymore because the promoters have made their dump and moved on. Only a few losers continue to hold on to it. None of the alts are showing any sign of a recovery, with ETH trading at 0.0234 BTC and LTC trading at 0.0089 BTC.

[Vishnu.Reang]

Big News!!!! Altcoin market share has dipped below the 30% mark!!!

Total crypto market cap: $181,568,599,014

Bitcoin: $181,568,599,014 (65.679%)

Bitcoin forks: 2.811%

Stablecoins: 1.745%

Altcoins: 29.764%

[coin-investor]

When we are in the bear trend when whales and believers should be buying coins for future profit, the majority of investors prefer to buy Bitcoin than altcoins and  now that we are in bull run it has becomes so evident that Bitcoin is still the most dominant Cryptocurrency in the market, although we still read a lot of shills on different altcoins.

[SuperTA]

Bitcoin always dominance with altcoin, when bitcoin could raised more higher price and up about 50% altcoin keep calm and never could be on higher price, only when bitcoin down altcoin could be lower price.

That's sad and it doesn't show a healthy market.
I was expecting to see an increasing in the market price when bitcoin was rising. Altcoins are not following the same direction that bitcoin does and this is not normal. When Bitcoin price had an upward trend , altoins had to move on the same direction and with similar volumes as BTC.

It's an ordinary, common thing. According to this Altcoin Season Chart https://bitcointalk.org/index.php?topic=5164990.0
it's normal, very normal

[stompix]

Does anyone know the lowest point where bitcoin dominance was?  I recall at one point it was like at 37% at the lowest?

It was 32% during January 2018, during the fee war and the eth second pump
https://coinmarketcap.com/charts/#dominance-percentage

Bitcoin always dominance with altcoin, when bitcoin could raised more higher price and up about 50% altcoin keep calm and never could be on higher price, only when bitcoin down altcoin could be lower price.

That's sad and it doesn't show a healthy market.
I was expecting to see an increasing in the market price when bitcoin was rising. Altcoins are not following the same direction that bitcoin does and this is not normal. When Bitcoin price had an upward trend , altoins had to move on the same direction and with similar volumes as BTC.

It's actually very good and healthy for the market.
Shitcoins that have ZERO real life usage and are just used for pump and dumps on exchanges faking volume should go back to the 0.1% they deserve.

Why should altcoins follow bitcoin in a normal market?
When Walmart is buying a company or expanding are all chain stores shares going up?
When Taco Bell is stealing clients from Domino or Chipotle are all shares going up?

Bitcoin growing means bitcoin gets more adoption, it means less place for altcoins to develop.
Sooner or later all this madness will end and we will see all those thousands altcoins thrown in the garbage.

[SuperTA]

Altcoin Season, yes or no?

We will find out relatively soon. This is the (blue trend) line where this decision will be made. If altcoin dominance bounces here on the blue trendline or it goes down.

[Vishnu.Reang]

Altcoin Season, yes or no?

We will find out relatively soon. This is the (blue trend) line where this decision will be made. If altcoin dominance bounces here on the blue trendline or it goes down.

The problem with this chart is that it classifies Bitcoin forks such as Bitcoin Cash (BCH) and Bitcoin Gold (BTG) as altcoins. IMO, they should be classified along with BTC rather than being grouped along the alts such as ETH and XRP. Don't you think that BCH has more in common with BTC, than ETH? Also, it is unfair to classify the stablecoins as altcoins. They form another independent category of coins and they have hardly anything in common with alts such as ETH and LTC. So remove these coins, and you will get an altcoin market cap of 29%.

[SuperTA]

Maybe you're right. But untill now this chart worked 4x times perfectly. We'll see how it's gonna play out.

[longtkhd]

I always believe and win favor for bicoin, ETH and bitcoin cash because of its solidity and potential, the influence of bitcoin on electronic money is huge.

[Ziskinberg]

the influence of bitcoin on electronic money is huge.

We've seen that potential already when it was able to carry the altcoins, but this time, it seems it might take awhile before that happens.
Currently, the dominant rate of Bitcoin is now at 66%, as it continue to increase, altcoins will suffer, but it would not last, this situation is just temporary.

What others don't understand is that the market is so volatile, they can't complain because altcoins are not increasing yet when we already that patience is a must in here.

[CryptoGamblingSites]

How about:

1. BTC: Funded EVERY SINGLE ALT-COIN and ICO.

Continues to be undervalued as the shitcoiners and scammers use bitcoin for a digital reserve currency. As long as bitcoin is the scammers choice for reserve currency, the no-coiners will avoid this "crypto" space we all claim to want to see growth in.

2. ETH: Is going to fork soon. With a POW and POS version of ETH...or something... PoS is new and untested on a blockchain that has other security issues (good luck). They have also started claiming ETH is digital money, which it was never launched under that pretense at all.

3. XRP: Shitcoin

4. BCH: Bounced back from 5% of their all time high to be at a whopping 10% of the All time high!! Not bad for a coin nobody has found a use for yet and never will.   This project could have issues after their bitcoin runs out and stops funding the development of bcash.

5. LTC: What does this coin do again? It takes peoples bitcoin and pays the developers to call it "bitcoins silver" and not really do anything. Good job Litecoin!!

6. EOS: Lord help us

7. BNB: they are at least liquid from charging fees for shitcoin trading....So it's a good shitcoin to trade if you like shitcoins and trading them.

8. BSV: Bitcoin Suckers Version deserves as much respect as they show the bitcoin community....zero

9. USDT: Stablecoins are under the microscope of regulators and central bankers that dont want competition.

10. TRX: LOL GTFO -- Seriously this is in top 10?!? What is wrong with people?!?!

[krb91]

Many analysts are projecting that with this high rate of dominance, the altseason is imminent. It's possible though but I still think for altcoins to pace the interest in BTC should dwindle a bit. Most new investors are focused on BTC and not altcoins. Some don't even know what crypto means but they know BITCOIN.

This chart though may prove indicative of a possible altseason though, I look forward to it, only time will tell.

[djcaoile1205]

70% of my portfolios consists of alts. It's stupied but I believe in their growth..

[elsniper]

Agreed with your opinion on xrp:) Sorry, xrp fans.

[angelo2]

As for Tether, it's one of the most shady and mysterious crypto.

[Vishnu.Reang]

70% of my portfolios consists of alts. It's stupied but I believe in their growth..

That depends on the coin that you own. You can't generalize the altcoins. There are promising coins among them, such as ETH, ADA, XLM and XMR. But at the same time, 95% or more of these alts are worthless copycats. So everything will depend on your portfolio composition. If you are so confident about their growth, then there is no need to listen to the others. I wish you all the very best with your holdings.

[gentlemand]

You can't generalize the altcoins. There are promising coins among them, such as ETH, ADA, XLM and XMR. But at the same time, 95% or more of these alts are worthless copycats. So everything will depend on your portfolio composition. If you are so confident about their growth, then there is no need to listen to the others. I wish you all the very best with your holdings.

'Promising' doesn't matter. It's effectively random what pumpers will latch on to. They may go for pure shit and ignore stuff that's hard working and innovative. There is no rhyme or reason to any of it. It's pure gambling and always has been.

[ghost424]

According to the Coinmarketcap website, Bitcoin dominance has breached the 60% level and is now reported at 60.1%. Including the forked coins (BCH, BSV, BTG.etc), the total market cap for BTC+forks comes to slightly above 64%, while the altcoin market share has dipped below the 36% mark.

I am sure that a lot of users may be unhappy about this, but I am delighted as more than 90% of my crypto assets are in the form of BTC. I had sold most of my alt holdings in 2018.

I am not very sure about the reasons behind the rising BTC dominance. But I suspect that the users have become more matured now, and a lot of them have realized that investing in shitcoins is simply not worth all the risk.

Here is my outlook for the major cryptocurrencies:

1. BTC: The prices will continue to increase and a new ATH may be reached by the end of 2019 or by 2020. The dominance will continue to increase and may reach 70% by the end of this year. But one concern I have is regarding the transaction fee. It has risen by more than 10x since the start of the year. Another 10x increase would be catastrophic.

2. ETH: The exchange rates are still lagging behind the ATH. The poor health of the ICO market is probably pulling ETH down. The Cryptopia hack also played its part.

3. XRP: I would say that this one is the most worthless and unreliable altcoins among the top 10. Therefore I am not surprised by its falling market share.

4. BCH: Holding well as of now. In case the BTC transaction fee spikes again (like what we had during 2017 Dec), then this coin can rocket upwards.

5. LTC: One of the best performing alts. However I won't be surprised if a correction occurs post block reward halving.

6. EOS: I don't know much about this coin.

7. BNB: I would consider this coin as overpriced. A correction is due.

8. BSV: A lot will depend on the future actions of CSW. Very unpredictable coin.

9. USDT: Everything was going well for Tether until the scandal at Bitfinex was revealed to the public. Now a lot of the users don't consider this coin as a reliable stablecoin. In the near future it will be facing a lot of competition from the other stablecoins.

10. TRX: An overpriced shitcoin. I don't have anything good to say about this one.

It will be really hard for Alternate Cryptocurrencies to catch up to Bitcoin. Its popularity is increasing due to Alternate Cryptos that are being made. If more Cryptos are made then Bitcoin's reputation will increase because almost every Alternate Crypto was based on Bitcoin. If they want to surpass Bitcoin, then every other platform must have its own unique feature that can prove their usefulness.