Bitcoin dominance hits 43%, alts surging ahead

[South Park]

It's not new bitcoin is the mother of it and if ethereum will start moved i think all alts will go behind it. Back on 2017 the year of dominance of crypto all alts are rise on it when bitcoin reaches the All Time High of it. That's point of entry of it when bitcoin reached again the All Time High alts will come along with it.

Back in 2017, it was just crazy hype which helped many of the alts to attain multi-billion USD market caps. The ICO market was also at its peak and a lot of investors (who in turn got rich from Bitcoin earlier) poured their money in to these little-known projects triggered by the initial success of a few ICOs in 2016 and 2017. The ICO market fueled a bull run for ETH, which rose by 100x in 2017. Those who were left behind invested in the other altcoins, hoping that those coins will also give the same sort of returns. In the end, these projects, many of them in their infancy zoomed up by 100 or 200 times above their fair valuation. And the promoters moved in and cashed out under these circumstances. Many of them got filthy rich. And once they became rich, they lost their interest in the project and the development was stalled. And in the end, it was all predictable.

Most people just look at the charts and make the conclusion that since alts outperformed bitcoin during the last bull run the same must hold true this time as well and they forget all the circumstances that surrounded the market at the time, during 2017 people were investing in all kind of icos, a scammer only needed to create a nice looking website and that was enough to receive 10 millions in funding and since many shitcoins were giving great profits to early investors no one really thought the consequences of their actions, but eventually the bubble burst and most of those coins disappeared and since then many have learned their lesson and they are not willing to invest their money in shitcoins anymore.

[jabrix]

That is why when we are in the bear market, I only buy Bitcoin and Ethereum, these are the only coins that are worth buying in the long term, some new coins are just hype and shill coins, the only thing that they can do is try, but when you analyze is the dominance is very obvious.

People believe in bitcoin which can provide the greatest benefits, do not want to learn the potential that exists in altcoins where the profits obtained can be greater with smaller capital.
The crypto market is too dominated by bitcoin trading, so forgetting that there are other potentials that can also be used as investment portfolios for both the short and long term. Especially for small capital investors.

[Johnzky]

What's the conclusion? better buy a little bit of btc than full bags of alts.

That’s somewhat to consider mate because of the dominance bitcoin showing the market now and besides we can just buy bitcoin now to ride the profiteering and return back to altcoins when the market begins being reasonable again for alts
I have sold some of my altcoins when he bull of bitcoin starts and luckily I profit atleast good percentage now and planning to buy alts maybe in days to come because they are still dropping and may fall a little more before the growth finally happen

[omonuyak]

That is why when we are in the bear market, I only buy Bitcoin and Ethereum, these are the only coins that are worth buying in the long term, some new coins are just hype and shill coins, the only thing that they can do is try, but when you analyze is the dominance is very obvious.

That is true and buy some of these Altcoins is like investing in hyip because it is up today and before you know down tomorrow. Some of them are now find it very difficult to grow and some are dying. It is advisable to invest now in bitcoin, bitcoin cash and etherrum and litecoin and not any of those coins that are dying daily. I have a friend that bought a coin with $700 and currently the coin his holding is below $40. I told him “if he could have invested in bitcoin he could have be in profits now and not loses”.

[Herbert2020]

I have sold some of my altcoins when he bull of bitcoin starts and luckily I profit atleast good percentage now and planning to buy alts maybe in days to come because they are still dropping and may fall a little more before the growth finally happen

Purchasing altcoins right now can be a very stupid decision. The altcoin prices are going down, irrespective of the coin and the Bitcoin dominance continues to increase. After a brief lull, when the dominance declined from 66.5% to 64.5%, the Bitcoin market share is increasing once more. The writing in the wall is clear. The death bell is ringing for the altcoins. If you still want to invest in them, then please go ahead with your plans.

this "death bell" has been ringing for altcoins from the day they were created with pump and dumping being their purpose. it is not a new thing that started now that they are seeing dumps! the problem is that people "invest" in altcoins whereas they should trade them because that is what they are designed to do.
even now there are shitcoins that are being pumped hard and are giving "traders" a lot of profit while  bag holders aka altcoin investors continue losing money.

[antofees]

Yes i see this all the time and i can't understand why there is no strong enough alt to compete with btc, anyway the total market cap of cryptocurrencies is so low comparting to the worldwide money

we need btc at 20k$ but with also all the other coins as much as up as possible, because a 1 bln$ top market cap it is not in the interes of us

[Wilhelm]

Alts are great to buy. Once bitcoin goes vertical and it is hard to buy, people start buying alts and you can make a good profit dumping them. So the lag is great.

[gentlemand]

Alts are great to buy. Once bitcoin goes vertical and it is hard to buy, people start buying alts and you can make a good profit dumping them. So the lag is great.

Could be in for a long wait though.

There's nothing much alt related on the horizon. Bitcoin is warming up for its halving and there are ever more institutional grade options for it that are ignoring alts.

Their day will come but it might not arrive with a vengeance until most people have been pushed further into gloom than they ever thought possible.

[bryant.coleman]

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%

Checked the recent data from coinmarketcap, and this is what I got:

Total crypto market cap: $305,934,615,009

Bitcoin: $206,705,878,586 (67.660%)
Bitcoin forks: $9,413,859,758 (3.081%)
Stablecoins: $4,902,283,349 (1.605%)
Altcoins: $84,485,146,893 (27.654%)

The interesting thing to note here is that the market share of the Bitcoin forks (such as Bitcoin Cash and Bitcoin SV) have grown, while that of the altcoins went down by close to 10%. Overall, the market cap of the stable coins have also risen.

[Vishnu.Reang]

History is being made. The Bitcoin dominance has crossed the two-third level and now it is being measured at 67.8%. All the altcoins are at record lows, with Ethereum trading at BTC0.0197 and Litecoin trading at BTC0.00837. XRP is down to 2,755 Satoshis. I won't be too surprised if the Bitcoin dominance climbs to 75% or even 80% by the end of this year.

In just four days since I made this post, the Bitcoin dominance increased by another 1.7%, to end up at 69.5%. The altcoins are not just losing their value against Bitcoin. They are losing value against the US Dollar as well. In just one and half months, the price of Ethereum has fallen from $325 per coin to just $210 per coin. During the same period, Litecoin went from $140 to $85 per coin.

It's party time for the Bitcoin holders!!!

[Oilacris]

History is being made. The Bitcoin dominance has crossed the two-third level and now it is being measured at 67.8%. All the altcoins are at record lows, with Ethereum trading at BTC0.0197 and Litecoin trading at BTC0.00837. XRP is down to 2,755 Satoshis. I won't be too surprised if the Bitcoin dominance climbs to 75% or even 80% by the end of this year.

In just four days since I made this post, the Bitcoin dominance increased by another 1.7%, to end up at 69.5%. The altcoins are not just losing their value against Bitcoin. They are losing value against the US Dollar as well. In just one and half months, the price of Ethereum has fallen from $325 per coin to just $210 per coin. During the same period, Litecoin went from $140 to $85 per coin.

It's party time for the Bitcoin holders!!!

Not surprising yet people now is putting their interest to Bitcoin which causes for its dominance rating to hit up that high but eventually there would be a

market reversal or lets say there would be a day on when alts boom once again.We have seen this things for how many times but for now,confidence of people majorly on bitcoin itself.

[AliMan]

History is being made. The Bitcoin dominance has crossed the two-third level and now it is being measured at 67.8%. All the altcoins are at record lows, with Ethereum trading at BTC0.0197 and Litecoin trading at BTC0.00837. XRP is down to 2,755 Satoshis. I won't be too surprised if the Bitcoin dominance climbs to 75% or even 80% by the end of this year.

In just four days since I made this post, the Bitcoin dominance increased by another 1.7%, to end up at 69.5%. The altcoins are not just losing their value against Bitcoin. They are losing value against the US Dollar as well. In just one and half months, the price of Ethereum has fallen from $325 per coin to just $210 per coin. During the same period, Litecoin went from $140 to $85 per coin.

It's party time for the Bitcoin holders!!!

I don't see it good for now and it's not yet party time for the holders yet, because bitcoin and alts right now decline after successive rise lately. The market showed significant growth for the past few days but it seems thaf weren't able to become more accurate with the increase. Fluctuating trend always unpredictable and crucial as price continued to be volatile.

[malevolent]

Not surprising yet people now is putting their interest to Bitcoin which causes for its dominance rating to hit up that high but eventually there would be a market reversal or lets say there would be a day on when alts boom once again.We have seen this things for how many times but for now,confidence of people majorly on bitcoin itself.

There is no guarantee that there will be a market reversal for altcoins.

Too many people found themselves burned when they crashed more than Bitcoin, and it's clear they were overhyped so much that generally speaking few people have confidence they have any real-world uses. There's also a feedback loop, 'why buy when others aren't buying?', all the marketing, 'partnerships' mean nothing as everyone knows it's all a scam. It won't be easy to get a repeat of the 2017 altcoin/token bull market. BTC dominance on CMC is 69.9% now, it's likely to go back to >80% levels unseen since early 2017.

[gentlemand]

There is no guarantee that there will be a market reversal for altcoins.

Time and again alts blew my expectations into the weeds. I kept thinking 'how can this utter junk keep going?' and then it doubled again.

The only things in terms of this market we can depend on are greed and stupidity in the face of it. That means at some point an alt explosion is inevitable. I guess most people care about which alts and that's the unpredictable element.

The pumps may be less sustained and less generalised. It's one of the things I'm most curious about. I don't think it'll resemble 2017.

[stompix]

There is no guarantee that there will be a market reversal for altcoins.

Time and again alts blew my expectations into the weeds. I kept thinking 'how can this utter junk keep going?' and then it doubled again.

The only things in terms of this market we can depend on are greed and stupidity in the face of it. That means at some point an alt explosion is inevitable.

My thoughts the same but I really don't know when this inevitable thing will happen, as I doubt it will come soon, even in years term. I see people clinging to the worst shitcoins out there, I saw coins getting hit by a 51% and people are still trading and the coin is still in the top 20, and do you know that bitconnect network is still running and there are 143 nodes?

A lot of coins need to be purged but it seems just like I the real world where companies that never made a profit, are bad in everything they do keep on running for years till they collapse in the crypto world it might take decades.

A clean-up is needed but with bitcoin recovering from 4k to 12k and dragging them back up, the inevitable was delayed yet again.

Oh, and:

BTC Dominance:  69.7%

Probably +/-  0.01% 

[WinslowIII]

History is being made. The Bitcoin dominance has crossed the two-third level and now it is being measured at 67.8%. All the altcoins are at record lows, with Ethereum trading at BTC0.0197 and Litecoin trading at BTC0.00837. XRP is down to 2,755 Satoshis. I won't be too surprised if the Bitcoin dominance climbs to 75% or even 80% by the end of this year.

In just four days since I made this post, the Bitcoin dominance increased by another 1.7%, to end up at 69.5%. The altcoins are not just losing their value against Bitcoin. They are losing value against the US Dollar as well. In just one and half months, the price of Ethereum has fallen from $325 per coin to just $210 per coin. During the same period, Litecoin went from $140 to $85 per coin.

It's party time for the Bitcoin holders!!!

My question is how the fuck can an ethereum gas token be worth over $200? Like, who the fuck is buying at that price when it's only use case (scam icos) are no longer a use case?

[adaseb]

History is being made. The Bitcoin dominance has crossed the two-third level and now it is being measured at 67.8%. All the altcoins are at record lows, with Ethereum trading at BTC0.0197 and Litecoin trading at BTC0.00837. XRP is down to 2,755 Satoshis. I won't be too surprised if the Bitcoin dominance climbs to 75% or even 80% by the end of this year.

In just four days since I made this post, the Bitcoin dominance increased by another 1.7%, to end up at 69.5%. The altcoins are not just losing their value against Bitcoin. They are losing value against the US Dollar as well. In just one and half months, the price of Ethereum has fallen from $325 per coin to just $210 per coin. During the same period, Litecoin went from $140 to $85 per coin.

It's party time for the Bitcoin holders!!!

My question is how the fuck can an ethereum gas token be worth over $200? Like, who the fuck is buying at that price when it's only use case (scam icos) are no longer a use case?

Its the second largest market cap coin and its actually a great coin however it has issues like most coins. I think the reason why the price is struggling to rally is due to ICOs dumping their coins (if they still have them) and its miners who are dumping their coins to pay for their overpriced 1080TI rigs that they bought in 2018.

One issue with ETH at the moment is due to the devs and they always delay and postpone they work. They have been promising POS since 2016 and still haven't delivered. Same with that ProgPOW switch which they meantioned a few months back, they still haven't provided an update whether they will go live with it or not.

Its problems like this why the price is struggling and the ratio keeps dropping lower and lower and at this rate, I wouldn't be surprised if we hit 0.01 ETHBTC within the next few months.

[jerry0]

What about bitcoin cash then?  I know its an altcoin but do you guys like seeing it drop down as well?


For altcoin holders, this is obviously bad.  But what about those of you who hold both btc and altcoins?  Let say you own 50/50 in terms of usd value at the moment.  Do you like this or not?  Obviously the more btc percentage you hold compared to alts, this is good.

[Vishnu.Reang]

Its the second largest market cap coin and its actually a great coin however it has issues like most coins. I think the reason why the price is struggling to rally is due to ICOs dumping their coins (if they still have them) and its miners who are dumping their coins to pay for their overpriced 1080TI rigs that they bought in 2018.

One issue with ETH at the moment is due to the devs and they always delay and postpone they work. They have been promising POS since 2016 and still haven't delivered. Same with that ProgPOW switch which they meantioned a few months back, they still haven't provided an update whether they will go live with it or not.

Its problems like this why the price is struggling and the ratio keeps dropping lower and lower and at this rate, I wouldn't be surprised if we hit 0.01 ETHBTC within the next few months.

For Ethereum, the daily trade volume is still quite high, and therefore your argument that the ICOs continue to dump their ETH holds some merit. Also, the exchange rate went down from 0.02 BTC to 0.0179 BTC in just a couple of days, and the trends indicate that ETH can even go below 0.01 BTC. Also, it may go below the $200 per coin level.

[STT]

Did the ICO ever require ETH to operate.   If they never needed it, I guess it was inevitable a reversal of that accumulation would occur.
ETH is still changing its protocol but slowly, its possible it will still be something new in its dynamic.

In the near future it will be facing a lot of competition from the other stablecoins.

I dont quite get how a stable coin is either bearish or bullish, isnt it a fixed ratio.   Anyhow Libra as the biggest stable coin to ever exist is the competition I guess, it will wipe out of the other uses at least short term . So if I had to pick one of the two, I guess its easily a negative outlook for a stable coin.    I prefer Libra also as it proposes to use a variety of currency to balance not just one, that might actually be interesting as an influence.


I figure BTC dominance might relate to the gold/silver ratio which some see a value gauge for prices there.   BTC might also have its own specific measure in relation to mining and difficulty perhaps.