Bitcoin dominance hits 43%, alts surging ahead

[JayJuanGee]

Altcoin is trying to survive now, despite the high dominance of Bitcoin, I still see Altcoin still staying at the support level, and it looks strong, I'm sure altcoin this time will withstand Bitcoin when the dump occurs

If some one can pick a good altcoin and stay invested for some couple of years I am sure the rise would be manifold times and can make one a millionaire if invest with good amount. But research and luck will also play good role in helping you to become rich with altcoins and as future will belong to crypto the chances of good altcoin rising also increases.

Yes.  A good altcoin would be to have a decent amount of your value in bitcoin... so fuck gambling and getting greedy with trying to pick some various other bullshit that will most likely just scam you out of your value, when you already have a decent likelihood of great returns with bitcoin, especially if you have 5-10 year (or even more) investment timeline and dollar cost averaging, etc.. 

[1714008280]

1714008280

[1714008280]

1714008280

[gentlemand]

If some one can pick a good altcoin and stay invested for some couple of years I am sure the rise would be manifold times and can make one a millionaire if invest with good amount. But research and luck will also play good role in helping you to become rich with altcoins and as future will belong to crypto the chances of good altcoin rising also increases.

That reminds me of a get rich quick book I ordered pre internet. It went into great detail about the wonders of mail order, how to market, how to seal the deal and how to administer.

The final chapter consisted of - now you know how to run a mail order business all you need to do now is find a product that no one else has, is in incredible demand, that you can get for next to nothing and have total exclusivity over. Best of luck in the future.

[bryant.coleman]

Total market cap: $275,866,406,908

Bitcoin: $178,904,046,944 (64.852%)
Bitcoin forks: $8,670,523,458 (3.143%)
Stablecoins: $10,589,184,503 (3.737%)
Altcoins: $77,702,652,003 (28.268%)

This is the change compared to my last post:

Bitcoin: +1.038%
Bitcoin forks: -0.852%
Stablecoins: +0.073%
Altcoins: -0.259%

These are the latest market shares:

Total market cap: $205,013,186,595

Bitcoin: $130,826,790,740 (63.814%)
Bitcoin forks: $8,189,828,172 (3.995%)
Stablecoins: $7,718,943,612 (3.664%)
Altcoins: $58,277,624,071 (28.527%)

This is the change compared to my last post:

Bitcoin: -1.685%
Bitcoin forks: -0.043%
Stablecoins: +0.571%
Altcoins: +1.157%

[bryant.coleman]

OK guys... so these are the latest stats, from July 21.

Total market cap: $271,820,615,879

Bitcoin: $169,037,910,926 (62.187%)
Bitcoin forks: $7,630,396,406 (2.807%)
Stablecoins: $10,969,327,267 (3.931%)
Altcoins: $84,182,981,280 (31.075%)

This is the change compared to my last post:

Bitcoin: -2.664%
Bitcoin forks: -0.336%
Stablecoins: +0.194%
Altcoins: +2.807%

Total market cap: $275,866,406,908

Bitcoin: $178,904,046,944 (64.852%)
Bitcoin forks: $8,670,523,458 (3.143%)
Stablecoins: $10,589,184,503 (3.737%)
Altcoins: $77,702,652,003 (28.268%)

This is the change compared to my last post:

Bitcoin: +1.038%
Bitcoin forks: -0.852%
Stablecoins: +0.073%
Altcoins: -0.259%

[Japinat]

It's been a while, but I am happy to see that bitcoin dominance has decrease, this means that altcoins are growing a bit and it still has a chance to grow. Hopefully the trend will continue, dropping bitcoin dominant rate will be good for the crypto market in general.

[glowing10]

It's been a while, but I am happy to see that bitcoin dominance has decrease, this means that altcoins are growing a bit and it still has a chance to grow. Hopefully the trend will continue, dropping bitcoin dominant rate will be good for the crypto market in general.

Altcoins has a way to go from here and surely it will continue to rise and only thing is that we require some very good altcoins which has a good future too and does not just come for short time , scam the people or turn out to be a dump coin. The market is very huge in this space and crypto will continue to boom.

[Botnake]

It's been a while, but I am happy to see that bitcoin dominance has decrease, this means that altcoins are growing a bit and it still has a chance to grow. Hopefully the trend will continue, dropping bitcoin dominant rate will be good for the crypto market in general.

Altcoins has a way to go from here and surely it will continue to rise and only thing is that we require some very good altcoins which has a good future too and does not just come for short time , scam the people or turn out to be a dump coin. The market is very huge in this space and crypto will continue to boom.

It's expected because we already call it a crypto market now, meaning, not only for bitcoin but for altcoins as well, in fact, I do believe that bitcoin will not rise this high without the support of the altcoins market as they are also inviting people to invest through their ICO/IEO platform, but unfortunately, the rate of scam is very high for altcoins so they don't have a consistently growth based on their performance.

Hopefully this year will be a year for altcoins, if bitcoin will at least drop its dominance to 50%, I think a lot of good things will happen with altcoins on that as a result.

[Vishnu.Reang]

It's been a while, but I am happy to see that bitcoin dominance has decrease, this means that altcoins are growing a bit and it still has a chance to grow. Hopefully the trend will continue, dropping bitcoin dominant rate will be good for the crypto market in general.

I don't understand how a dropping Bitcoin dominance can be beneficial for the cryptocurrency sector. What we need right now is a consolidation. As I have posted before, there are too many altcoins and tokens in circulation, and the market as of now looks over-saturated. There is simply no space for 10,000 or so altcoins in the market. The proliference of the shitcoins have had a negative impact on the prospects of technologically advanced coins, such as Cardano and NEO.

[bitbunnny]

Altcoin is trying to survive now, despite the high dominance of Bitcoin, I still see Altcoin still staying at the support level, and it looks strong, I'm sure altcoin this time will withstand Bitcoin when the dump occurs

Yes, many altcoins are struggling to survive and for many of ttem that will end up bad, only few will make it at the end. Time just proves the true strenght of Bitcoin and no matter the negative price changes, which are normal, Bitcoin will remain dominant coin. Majority of altcoins are just the waist of time and money.

[JayJuanGee]

Altcoin is trying to survive now, despite the high dominance of Bitcoin, I still see Altcoin still staying at the support level, and it looks strong, I'm sure altcoin this time will withstand Bitcoin when the dump occurs

Yes, many altcoins are struggling to survive and for many of ttem that will end up bad, only few will make it at the end. Time just proves the true strenght of Bitcoin and no matter the negative price changes, which are normal, Bitcoin will remain dominant coin. Majority of altcoins are just the waist of time and money.

Ultimately the bitcoin dominance metric, as measured by coinmarket cap, remains more for entertainment purposes and perhaps for shitcoin pumper hopiums regarding their various shitcoins.

Shitcoins and stable coins and whatever other crap could be put into such coinmarket cap measurements, and we could see bitcoin dominance go down to less than 10%, and it would likely be a BIG so fucking what?  unless there is some kind of meaningful analysis behind what is going on and whether the measures have any kind of meaning - especially one of the most valuable measures of sound money and maybe if there are some real world value being stored and moved around securely through any shitcoin as compared with bitcoin.

For example, even having tether in the coinmarket cap is quite misleading, and surely tether provides liquidity to various coins, but you are not really going to become rich investing in tether when it is pegged to the dollar.. but hey, I don't have too much against tether  - and surely they are an attacked project.. but they still are currently adding value to the space by providing various avenues for bitcoin (and shitcoin) investors to hold and move value around when other options might be less feasible than tether.... and they seem to be another coin that probably should not be measured against bitcoin in order to figure out the extent to which bitcoin may be "dominant" or not.

[Vishnu.Reang]

Yes, many altcoins are struggling to survive and for many of ttem that will end up bad, only few will make it at the end. Time just proves the true strenght of Bitcoin and no matter the negative price changes, which are normal, Bitcoin will remain dominant coin. Majority of altcoins are just the waist of time and money.

As per my rough calculation, there are some 10,000 altcoins and tokens in existence. Out of them more than 50% can be considered as "dead", as they are no longer actively traded or mined. And regarding the remaining 5,000 or so, very few of them have any real life use other than for speculative investment. I would put the number of altcoins with real life use at somewhere between 100 and 500. Examples are Ethereum (smart contracts), Tether (stablecoin), Monero (anonymous payments) and TRON (filesharing).

The remaining 95% to 99% are as you said, a waste of time and money.

[Arkann]

It's been a while, but I am happy to see that bitcoin dominance has decrease, this means that altcoins are growing a bit and it still has a chance to grow. Hopefully the trend will continue, dropping bitcoin dominant rate will be good for the crypto market in general.

In fact, Bitcoin's dominance in the cryptocurrency market has almost doubled since 2018. We have never seen such indicators from altcoins and they will not be. At the same time, it should be borne in mind that it is Bitcoin that is most trusted, and it is Bitcoin that receives more attention from investors. And if you cite as an example altcoins such as Ripple, with which there are a lot of scandals, then in the future they can greatly undermine the reputation of all altcoins. Maybe I'm wrong, but in any case, I see Bitcoin as a long-term investment, and altcoin for a shorter period.

[casperBGD]

It's been a while, but I am happy to see that bitcoin dominance has decrease, this means that altcoins are growing a bit and it still has a chance to grow. Hopefully the trend will continue, dropping bitcoin dominant rate will be good for the crypto market in general.

In fact, Bitcoin's dominance in the cryptocurrency market has almost doubled since 2018. We have never seen such indicators from altcoins and they will not be. At the same time, it should be borne in mind that it is Bitcoin that is most trusted, and it is Bitcoin that receives more attention from investors. And if you cite as an example altcoins such as Ripple, with which there are a lot of scandals, then in the future they can greatly undermine the reputation of all altcoins. Maybe I'm wrong, but in any case, I see Bitcoin as a long-term investment, and altcoin for a shorter period.

i would add one important fact as well, and that is that ETH also reached and overcome 10%, after a while, BTC was just above 30% when altcoins peaked at the start of 2018, and was on 80% before that, i followed and think that BTC did not reached 70% since ATH, so this can be seen as long wave down, so i expect that BTC will be below 30% during next altcoin season, if we see altcoin season after all

always consult numbers and do your own research prior to investment, informed decisions could bring you good profits

[Febo]

i would add one important fact as well, and that is that ETH also reached and overcome 10%, after a while, BTC was just above 30% when altcoins peaked at the start of 2018, and was on 80% before that, i followed and think that BTC did not reached 70% since ATH, so this can be seen as long wave down, so i expect that BTC will be below 30% during next altcoin season, if we see altcoin season after all

You mean after Next Bitcoin season. Bitcoin was at 35% dominance in January 2018. So a month after its ATH. Then its dominance doubled over next year and a half until September 2019. If history tells us anything best time to buy Bitcoin with crypto is a month after ATH and then hold it for at least a year.

[JayJuanGee]

i would add one important fact as well, and that is that ETH also reached and overcome 10%, after a while, BTC was just above 30% when altcoins peaked at the start of 2018, and was on 80% before that, i followed and think that BTC did not reached 70% since ATH, so this can be seen as long wave down, so i expect that BTC will be below 30% during next altcoin season, if we see altcoin season after all

You mean after Next Bitcoin season. Bitcoin was at 35% dominance in January 2018. So a month after its ATH. Then its dominance doubled over next year and a half until September 2019. If history tells us anything best time to buy Bitcoin with crypto is a month after ATH and then hold it for at least a year.

That could be a fair theory, Febo - even though I would hesitate in playing around with shitcoins with any meaningful amount of my money.. besides gambling allocated funds. 


Sure, history could repeat itself.. but even that rhyme might not be with a sufficient amount of precision in order to avoid getting screwed... so protect thy selfie by only using gambling funds when dealing with various shitcoins.... even if you believe that you have "insider" information that may or may not play out.

[bryant.coleman]

OK.. here are the latest stats, after a very long interval..

Total market cap: $328,539,469,372 (+20.87%)

Bitcoin: $189,707,833,945 (57.743%)
Bitcoin forks: $7,508,477,333 (2.285%)
Stablecoins: $16,882,517,913 (5.035%)
Altcoins: $114,440,640,181 (34.937%)

This is the change compared to my last post:

Bitcoin: -4.445%
Bitcoin forks: -0.522%
Stablecoins: +1.104%
Altcoins: +3.862%

OK guys... so these are the latest stats, from July 21.

Total market cap: $271,820,615,879

Bitcoin: $169,037,910,926 (62.187%)
Bitcoin forks: $7,630,396,406 (2.807%)
Stablecoins: $10,969,327,267 (3.931%)
Altcoins: $84,182,981,280 (31.075%)

This is the change compared to my last post:

Bitcoin: -2.664%
Bitcoin forks: -0.336%
Stablecoins: +0.194%
Altcoins: +2.807%

[bryant.coleman]

September 15, 2020.

Entry of new coins such as Polkadot is disturbing the equilibrium, and at the same time the market cap of Stablecoins continue to rise.

Total market cap: $349,646,467,839 (+6.42%)

Bitcoin: $198,730,984,178 (56.838%)
Bitcoin forks: $7,768,722,149 (2.222%)
Stablecoins: $17,976,664,215 (4.999%)
Altcoins: $125,170,097,297 (35.942%)

This is the change compared to my last post:

Bitcoin: -0.905%
Bitcoin forks: -0.064%
Stablecoins: -0.036%
Altcoins: 1.005%

OK.. here are the latest stats, after a very long interval..

Total market cap: $328,539,469,372 (+20.87%)

Bitcoin: $189,707,833,945 (57.743%)
Bitcoin forks: $7,508,477,333 (2.285%)
Stablecoins: $16,882,517,913 (5.035%)
Altcoins: $114,440,640,181 (34.937%)

This is the change compared to my last post:

Bitcoin: -4.445%
Bitcoin forks: -0.522%
Stablecoins: +1.104%
Altcoins: +3.862%

[bryant.coleman]

Total market cap: $349,136,990,486 (-0.15%)

Bitcoin: $201,626,854,355 (57.750%)
Bitcoin forks: $7,646,560,473 (2.190%)
Stablecoins: $19,380,144,057 (5.374%)
Altcoins: $120,483,431,601 (34.685%)

This is the change compared to my last post:

Bitcoin: +0.912%
Bitcoin forks: -0.032%
Stablecoins: +0.376%
Altcoins: -1.256%

September 15, 2020.

Entry of new coins such as Polkadot is disturbing the equilibrium, and at the same time the market cap of Stablecoins continue to rise.

Total market cap: $349,646,467,839 (+6.42%)

Bitcoin: $198,730,984,178 (56.838%)
Bitcoin forks: $7,768,722,149 (2.222%)
Stablecoins: $17,976,664,215 (4.999%)
Altcoins: $125,170,097,297 (35.942%)

This is the change compared to my last post:

Bitcoin: -0.905%
Bitcoin forks: -0.064%
Stablecoins: -0.036%
Altcoins: 1.005%

[Vishnu.Reang]

The market share of stablecoins have now shot past the 5% level and by the end of this year I expect it to be around 10%. Is this sustainable? Tens of billions of USD worth of market capitalization created out of thin air (and more than half of that held by the Tether foundation). The next major scandal in the cryptocurrency market would be the failure of one of these stablecoins.

[ningrum]

that's good news if the dominance of Bitcoin goes down, it's likely that altcoins will also go up,
compare with the dominance of bitcoin when it goes down in 2018, altcoins go up high,
and altcoin season occurs, if the dominance drops to 30% I'm sure altcoin season v2 will come