Bitcoin dominance hits 43%, alts surging ahead

[michellee]

I think people still choosing bitcoin as their main crypto and the investment, but they now divide their investment in the altcoin too. They don't want just to make a profit from bitcoin only, but they see the other opportunity from the altcoin to make a profit. Still, bitcoin gives them a big part of the profit, and they know that the time for the altcoin to give another profit will come. They can accept if the altcoin is not increased now because the time for altcoin does not come and they can wait for a while.

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[Pursuer]

bitcoin dominance is not rising, it has always been up but the problem is that people started to come up with crazy numbers to measure bitcoin's dominance where in fact the only thing they were really doing was showing the altcoin bubble so that number was showing the size of that altcoin bubble so far and as that bubble burst and altcoins get dumped and many of them in fact die, that number increases showing the shrinkage of that bubble.
otherwise so far in the past 10 years bitcoin has been the only dominating cryptocurrency in this market that everyone wants and focuses on. everything else has always been short term fancies.

[onrise]

This Rise is absolutely beautiful. HODL for life

The rise had being long time wait and finally we have seen it and yet to reach the 15k levels and keep growing in future as well . This has being the year of the rise as reversed than last year . Altcoins on other hand is not risen like btc and worry for all .

[Johnzky]

This Rise is absolutely beautiful. HODL for life

What’s the sense of rising if you will HODL for life?if does then there is nothing we can gain until we die lol,you HoDL for life but we will buy and sell for the currencies to circulate..

This is a comment of a person that do nothing about market instead saying nonsense each time he posted he’s thoughts

[galestorm]

I checked the article on bitcoinist, and just like what you have said, bitcoin dominance has risen above 60%. This is largely due to the bitcoin rally and the fact that we are waiting for altseason to begin. The recent statistics reminded me of the time when bitcoin had this proportion of total market cap back in December 2017, when it skyrocketed to 66.8% and then dropping to as low as 32% just a month later. This just goes to show that bitcoin's flactuating price is a never ending cycle, it will always rise and fall, which is kind of similar to altcoins. It's true that altcoins are lagging behind, but i believe that there will be a time that it will increase in value especially ETH.

[Dontme]

Usually as bitcoin`s price climb altcoin`s price also hang on bitcoin`s. But I think the demand on altcoins so far are very low and people focus on filling their bags with bitcoin specially ber months are coming which is bitcoin`s season.

[iamzill]

maybe for my view btc and eth play the main role. although the dominance of btc is currently very large and eth is still one of the most potential altcoins I think now eth will play a good role in increasing altcoins, maybe now eth is still not reliable. but rest assured that in the future eth Altcoin will be the key holder in Altcoin.

[Emilyp]

BTC has had a nice run this a year and I think the major catalyst has been those who are exiting their altcoins positions in order not to be left behind by the train. Once it stops moving upwards and people start reconsidering alts, we also see alts move.

[Wolfwar]

BTC has had a nice run this a year and I think the major catalyst has been those who are exiting their altcoins positions in order not to be left behind by the train. Once it stops moving upwards and people start reconsidering alts, we also see alts move.

In any case, Bitcoin has more chances for success, because users have already seen its potential in 2017 and therefore, in the pursuit of profit, they are all investing in the projected Bitcoin, and not in altcoin, which have dubious prospects.

[Shenzou]

This is not something that is new about the crypto market situation, bitcoin has always and will always have dominance over this market, because most of who are investing in to it are doing it for the profit and bitcoin provides that to the people who are willing to put the money into it, i personally think that this market consists of the tow major coins Bitcoin and Ethereuim who are the original cryptos and the worth investing in them and the other small altcoins that are just a waste of effort and money.

[1Referee]

Make no mistake. Ether is not faring that well. It has fallen to 0.025 BTC per coin, and the trends are negative. Among the alts, Binance Coin and Litecoin were the ones who held on during last few weeks. But now even they have fallen. Litecoin has dipped below the psychologically significant 0.01 BTC mark. The dominance stands at 62.7% now, and I think it will reach 70% by the end of this year.

Actually, Ether has done exceptionally well. What people seem to forget is that it's trying to find a way to be relevant even without ICO's. Forget the $1400 all time high, that was solely the result of the ICO hype. Current value of $300 is more than decent and quite bullish for its holders.

As far as CMC's dominance index goes, it's so flawed that I only want to say that they keep adding coins to their index, which by default decreases the dominance percentage, even when Bitcoin and altcoins haven't done anything value wise. Bitcoin's market cap dominance dropped by 0.7% some days ago because CMC added Bitfinex's LEO token to their index.

It's Bitcoin versus 99.8% scams and the rest are projects with some fundamental value.

[levyashin]

We all thought that like 2017, alts will grow crazy like 10x-20x-100x in a week. But lets face it, they are mostly shitcoins and everybody knows them, and the market is not acting idiotic like it used to be. Maybe we should accept that there won't be a 2017 for alt markets.

[Sithara007]

It's Bitcoin versus 99.8% scams and the rest are projects with some fundamental value.

Definitely agreed. I don't have any doubt regarding projects such as Ethereum and Litecoin. But apart from a very few projects, all the remaining altcoins were created just to make their developers rich. They don't contribute in a positive way to the cryptocurrency ecosystem and in my opinion they do more harm than good by poaching the users of Bitcoin.

[leonair]

This Rise is absolutely beautiful. HODL for life

HODL-ing for life isn't true and will not be the best choice for most of the investors, we HODL-ers expect for Bitcoin's price to grow more in the future and we expect to make a profit out of it so how do you take the benefit if you would HODL for life?.

The Money that we earned but not spent, isn't ours.

[aad140386]

Recently, one of the analysts suggested that the new bull market will differ from the old one in that bitcoin will grow faster than altcoins and shitcoins will not grow at all. I don’t know how true this is, but you can believe this, given that many investors are aware that 90% of projects are crap and not worth $ 1. From fully working projects it is possible to name only BTC, ETH, BNB, LTC. Such projects as EOS unfortunately have a bunch of flaws and problems and their full-fledged work cannot be named successful

[hatshepsut93]

Bitcoin dominance will only keep growing now, because now that alts significantly lag behind, investors wouldn't want to touch them, because they have shown so much weakness. Some people, like the guys over /r/Cryptocurrency are talking about altcoin season, but the situation is very different from 2017, altcoins got a ton of bad rep lately, and the longer we go into Bitcoin bull market with alts lagging behind, the less likely alts to ever catch up.

[casperBGD]

I think that ETH will get in the way of BTC in long-term, could not say two, five or ten years, but it will definitely stay here for a long time, and i see ETH on the top of the coinmarketcap list one day
ETH has a lot to offer, and if PoS would be solved well, that will be initialisation for new ATH

[thirdlight]

Recently, one of the analysts suggested that the new bull market will differ from the old one in that bitcoin will grow faster than altcoins and shitcoins will not grow at all. I don’t know how true this is, but you can believe this, given that many investors are aware that 90% of projects are crap and not worth $ 1. From fully working projects it is possible to name only BTC, ETH, BNB, LTC. Such projects as EOS unfortunately have a bunch of flaws and problems and their full-fledged work cannot be named successful

I think the words of your analyst fully coincides with the reality that is happening now.  because it is Bitcoin that is growing, the Altcoins are stretching behind the Bitcoins, the Shitcoins just lag behind and begin to degrade. As for me, this is a normal situation.  yes Previously, this was not the case, but the market must always change.

[Ziskinberg]

Bitcoin dominance will only keep growing now, because now that alts significantly lag behind, investors wouldn't want to touch them, because they have shown so much weakness. Some people, like the guys over /r/Cryptocurrency are talking about altcoin season, but the situation is very different from 2017, altcoins got a ton of bad rep lately, and the longer we go into Bitcoin bull market with alts lagging behind, the less likely alts to ever catch up.

Bad altcoins affected the good altcoins, but I don't think good altcoins will not grow, they'll also grow.
BNB is an altcoins, LTC as well, but we are seeing them growing now, maybe what we can expect first is the big volume altcoins will grow, then the rest will follow.

[xWolfx]

HODL-ing for life isn't true and will not be the best choice for most of the investors, we HODL-ers expect for Bitcoin's price to grow more in the future and we expect to make a profit out of it so how do you take the benefit if you would HODL for life?.

The Money that we earned but not spent, isn't ours.

It's truth. In fact some religious books around the world in the parts where they try to teach about wisdom teach that too. In the case of Solomon he said that accumulating wealth but not enjoying it is doing it for others and for that reason trying to catch the wind.

In some way reminds me how being chef in Venezuela is like. Will it work? It's the same than how it was with the old gold rush in the terms of faith. Some won, some lost and the vast majority was too scared to even try.

You can read about the history of R.U. Darby and his uncle and how they failed because they stayed three feet away from gold after they bought all the needed machinery, also how failure does not necessarily means permanent failure if we choose to learn from it. Lots of opportunities here.

Link for the ones interested in reading the story:
https://jric.wordpress.com/2008/06/30/the-story-of-r-u-darby/