Bitcoin dominance hits 43%, alts surging ahead

[BitHodler]

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?.

You're taking things too serious here. Of course nobody is going to endlessly just hodl and not do anything with the coins. You have to read between the lines. People just say that to showcase how bullish they are.

People will either spend or sell their a chunk of their coins at one point, even the most hardcore maximalists. The rest will be held as a long term store of value and savings account. Makes sense, right?

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

That's only true when you store your coins on a centralized exchange or wallet service. As long as you are the sole owner of your private keys all the coins are yours, whether you spend them or not (makes no difference at all).

[poodle63]

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.

There's no such thing as bad altcoins affect good altcoins since they are different projects run by different developers, there is just no way one could affect another.
The alts dumping is simply because of people FOMO on bitcoin, as you can see the market cap of altcoins decrease because of reasons.

[partysaurus]

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

alot of analyst been saying that, and that we will see a huge drop off in the amount of coins on the market, it will be like 10% left of what we have now, and to be honest i realy hope so alot of these coins are pretty much useless.

[Sithara007]

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

The bull run we had in 2017 was different from the ones before that. It was partly triggered by the rise of the ICOs. At some point in 2017, the Ether market cap was close to overtaking the Bitcoin market cap. Actually this encouraged the users to invest in little known alts such as Cardano and NEO. Back then, Cardano had a 50x increase in the prices, compared to 20x for Bitcoin.

[bering]

I'm not sure why this is happening but probably the cause why bitcoin support market was increase because the investors has open their eyes with not investing at shitcoin again which is currently plenty available and with concern to bitcoin maybe they will more comfortable to save their assets through crypto because instead of altcoins then bitcoin is very much better and having bitcoin can ensure not losing the value although hold for years

[Searing]

If you HODL Bitcoin and Bitcoin Dominance continues to grow, yeah, that will be good for Bitcoin.

As to AltCoins, yep, they 'won't' progress in price at nearly the same rate as Bitcoin, maybe never.

However, human nature being what it is and say you have $20k BTC price by the end of the year, I think

that Altcoins will 'come back' in some manner, if for no other reason then 'human nature' looking at the longshot

and the cheaper coin prices and hope. It is how I got into Bitcoin and Crypto. It is how humans roll.

So now, I don't agree with this. (see link below) though, 90% Bitcoin Dominance surely would blow up altcoins in a devastating manner.

But it would not 'destroy' altcoins, again, I know zip, IMHO. They would survive, even as low as 20% of what exists now.

Anyway, my 2 satoshi's worth

Brad

[Vishnu.Reang]

One more milestone has been achieved. The Bitcoin dominance has now increased to 65.0%. As of now, the market share of various cryptocurrencies are as follows:

Bitcoin: 65.0%
Bitcoin forks (such as BCH, BSV.etc): 3.3%
Stablecoins (such as USDT, TUSD.etc): 1.2%
Altcoins: 30.5%

It is just a matter of time before the altcoin market share goes below the 30% level.

[Vishnu.Reang]

Eth and BTC are really all that deserve any attention, Bitcoin is golden and eth has its smart contracts and willingness to adapt. Bsv,bch are bullshit propped up to try and stay relevant. Ripple is dead especially when Libra eats in centralized lunch.

This dominance should be obtained by eth, but why is it that only bitcoin currently dominates up to 60%. I think maybe this is an unfair thing, but after all we have to be sure if ethereum can get the best position and if ethereum has increased maybe other altcoin coins will also increase.

Dude, Ethereum is in a very bad state right now. The exchange rate has gone below the crucial support level of 0.025 BTC per coin. Currently Ethereum is trading at 0.02384 BTC per coin and trends are overwhelmingly negative. During the past 12 months, the market share of Ethereum has gone down from approx. 17% to 9%. The destruction of the ICO market has a lot to do with this.

[safelycrypto]

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.

I agree that bitcoin has its dominance over all the altcoins in the market. But we have to agree that when bitcoin went a slight down this month then the performance of the other coins was not that bad as compared to BTC. We may need a little % of our portfolio in diverse coin in order to minimize the risk and have a stable income.

[pedrog]

Be patient, relax, hold your positions, alts will pump hard, this time won't be different.

[bryant.coleman]

65% is the market share calculated by Coinmarketcap as per the normal method. But it is not very accurate. For example, if a cryptocurrency has 100,000,000 coins in circulation and the price is $1, then the market capitalization will be calculated as $100 million. This is closer to the reality for currencies such as Bitcoin and Ethereum. However, this method can't be used for calculating the market cap of some of the lesser known altcoins, as a large part of the "circulating supply" is not actively traded. Most of this stash is being held by the promoters in cold storage. On top of that, there may be "lost coins", i.e the coins that can never be spent because no one has the private key. So in reality, the market share of Bitcoin may be as high as 75% or even 80%.

[antisocial77]

And if there wont be even little altcoin bull, i will be rekt.i lost %70 of my money already.please use stoploss in every trade.

[Vaskiy]

As the market dominance of bitcoin keeps on increasing with time the market price too keeps on getting pumped. Ethereum struggles to experience some increase in the dominance level. Majority of the funds getting into bitcoin were from rest of the altcoins other than the top altcoins which makes the majority of the cryptocurrency shed blood with a massive fall in the value.

[Searing]

maybe with the presence of libra most people can't invest in altcoins and move their assets to bitcoin which will definitely be strong to survive with the arrival of libra, then the bitcoin marketcap is up to 60%. in my opinion the arrival of Libra is still speculative and can bring something big.

The catch is LIBRA is 'run' on Facebook and 'supposedly' is a 'partnership'.

Thus if Facebook gets told they can't run the LIBRA coin itself, that does not mean they will not simply 'revamp' it thru

one or more of the LIBRA partners and use that coin in the same manner. They will simply 'detach'.

The idea is out there now, someone will pick up the torch that is acceptable to the powers that be if Facebook can't be

the figurehead anymore. Again, Facebook makes $$ on this on Ads and your spending habits in more complete details, the NODES

at $10 million a pop by the other partners in this like PayPal, etc. They get all the transaction fees. So again, this will fly

eventually in some manner on Facebook.

Would be nice if they were really 'closed down' and had to use BitPay. But that won't happen because then Facebook

would have not as good or limited spending data with open source and/or manipulation.

This could really mess up 'altcoins' for example though if approved. Why use Litecoin as the Silver to Bitcoin's Gold and store of value

status, when Libra coin, could move into that spot for altcoins like Litecoin and the others for quicker transactions, etc. Also on top

of that, if above scenario has any merit I'm saying above, stablecoins also would be up sh*tcreek.

[gentlemand]

They will simply 'detach'. The idea is out there now, someone will pick up the torch that is acceptable to the powers that be if Facebook can't be the figurehead anymore.

No one's going to pick it up if Facebook get their arse kicked. It's a fundamentally repulsive idea to governments. Anyone else who tries will get their arse kicked too.

Libra will never emerge in the form they're proposing. It'll be exactly like Paypal. That started off touting ideas very, very similar to Libra and then real life hit and it became a soulless bitch.

If only there was something... decentralised.

[ilovealtcoins]

Domain Bitcoin increases while market capitalization does not increase.  That means it means that the money in altcoin is shifted through bitcoin. There will be a lot of Altcoin continuing to drop prices and disappear.  As technology companies and banks launch their crypto, the cash flow in altcoin will continue to be drained.  The top 100 projects in 2017-2018 have changed a lot.

[Vishnu.Reang]

I sold all my HST decision token this morning as bitcoin dominance has crushed the altcoin market.  I couldn't handle the pain any longer.  Now where should I park my cash?

And finally you made an intelligent decision. Congrats!!!

If you had done this a few months back, it could have saved you a lot of money. But don't worry. If you are willing to take the risk, then store the amount in Bitcoin. On the other hand if you don't want to take any risk then you can cashout by converting it to either fiat cash or USDT. BTC looks attractive, after the crash yesterday. Now it has dived below 12K.

[Herbert2020]

I sold all my HST decision token this morning as bitcoin dominance has crushed the altcoin market.  I couldn't handle the pain any longer.  Now where should I park my cash?

as i told you in your topic, your token didn't crash because of bitcoin or its dominance. it crashed because it was useless and you only had bought it because some pumper hyped it up for you and fooled you into giving him your money.

park your cash? nowhere. keep your cash because in order to make an investment you have to be a lot wiser than this and be familiar with the market you enter not just blindly jump in hoping you make profit.

[zee11225]

maybe with the presence of libra most people can't invest in altcoins and move their assets to bitcoin which will definitely be strong to survive with the arrival of libra, then the bitcoin marketcap is up to 60%. in my opinion the arrival of Libra is still speculative and can bring something big.

Bitcoin will not be displaced by any coin, that's my belief. Because the capitalization of majority trade is accumulated in bitcoin. Even though Facebook issued Libra Coin, it has not been proven in trade.
Facebook's big name cannot be a guarantee that the coins will be sold and exploded in the crypto trading center as predicted by many observers. The truth will prove it later.

[Kocret02]

Bitcoin dominates the entire market today, but for now the altcoin trip will not remain silent. altcoin will continue to be a coin that can increase like bitcoin. maybe now the influence of bitcoin on altcoin is not maximal, but believe the influence of bitcoin will soon happen to altcoin.