Is it just me or is the market dominance of BTC dangerously high?

[Convery]

I have seen a good prediction that told that Bitcoin needs to hit ATH price and then we can think about altcoins growth.
Because investors will not see much profit in BTC and will move from Bitcoin into altcoins.

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[timmmers]

And what is dangerous on Bitcoin´s dominance? People simply believe more in Bitcoin than in altcoins. Is something bad on it? It is not, but altcoin investors are loosing their patient and moving into BTC - another grow of BTC dominance.

[Iykecollinz]

This goes to prove that bitcoin is the king, it has really proven its worth by showing its huge dominance, it is the first point of attraction for anyone coming into crypto, so a lot of those that just heard about bull run are only interested in bitcoin and are buying, alts may rally eventually but that will happen when bitcoin has maintained a reasonably stable value value over a period of time

[sherenikaw]

In 2017, this third quarter becomes the starting point for the crypto to go bullrun. However now, there is no exact prediction because the market can change so easily.
Bitcoin also has very big volatility. A week ago, Bitcoin significantly and suddenly could increase until $13k. But it only survived for one or two days. Then, it dropped drastically. Today price only hits stable at around $10k.
I think that the market is still dominated and we don't know what is playing around.

[toast]

I have seen a good prediction that told that Bitcoin needs to hit ATH price and then we can think about altcoins growth.
Because investors will not see much profit in BTC and will move from Bitcoin into altcoins.

I don't think that investors are just looking at altcoins, of course they also see bitcoin. because until now crypto is growing steadily. although sometimes the growth is not as much as possible. but I am still so sure that the market will indeed continue to grow.

[elisabetheva]

And what is dangerous on Bitcoin´s dominance? People simply believe more in Bitcoin than in altcoins. Is something bad on it? It is not, but altcoin investors are loosing their patient and moving into BTC - another grow of BTC dominance.

Trust in bitcoin is very high and as you say the dominance of bitcoin is clear and cannot blame them for the great trust in bitcoin. even though I was less enthusiastic but interested in bitcoin compared to altcoin remained still bigger. coupled with a new altcoin that is not good or many are scams. so the altcoin is eliminated even though there are still many good altcoins, but bitcoin is still the best and still the one sought by investors.

[kingpin4321]

Let's just say things changed investors are counting there loses on altcoin during that grace period in 2017 so many lost the value for there money through altcoins now they want a safer coin that why the rush do bitcoin is much and making it get more value

[cepot9]

actually this is actually a good condition, bitcoin rises and we can focus on profit bitcoin so there is still a chance for us to collect altcoins before they increase like bitcoin. we can focus on bitcoin then altcoin and take advantage without confusion.

[LimLims]

The market is really high.
And we all know the reason for this.
This is only because of the growth in price of Bitcoin.
So as the trading volume of BTC increased,  so literally the price of each and every coin too increased.
Nevertheless lets wait and hope for the best.
Good luck to us.

[Ucy]

This probably means less people are buying altcoins than bitcoin.

Question is why were more people buying altcoins back then than today?

The possible reasons are:

-- Super wealthy Whales are no longer buying lots of Altcoins

-- Most Altcoins are no longer easily accessible to buyers

-- The whales are only buying more bitcoin and few altcoins

[Kiefner]

The dominance of bitcoin is really very significant. He always came first. Altcoins season is not over yet and I know that they will show their growth. Just many of them have already experienced their hyip and now slowly begin to die. Because not every coin can be reborn again.

[Rengga Jati]

Sometimes, I also feel that the dominance of BTC really can beat many altcoins to down and then being shit coins. However, not all altcoins will get that impact into over. SOme altcoins that have promising market charts still have the chance to survive and develop although under the pressure of BTC dominance. We cannot stop the dominance from BTC. But, we can also see the promising altcoins that will survive during this decreasing market trend whether which will be over and which will be okay and survive.

[ChaoChibai]

Im still not so sure about what is happening in the market now. And it is absolutely true that the domination of bitcoin is stronger now. I don’t really sure when will alts recover but i hope it will be soon.

[Burogh]

Im still not so sure about what is happening in the market now. And it is absolutely true that the domination of bitcoin is stronger now. I don’t really sure when will alts recover but i hope it will be soon.

Indeed, the current dominance of bitcoin is too strong in the market with a dominance of more than 60%. I think, the market is not good if the dominance of bitcoin is above 60% because it will suppress the price of altcoin and also the development of new projects. I think, altseason will come and bring the dominance of bitcoin below 50%

[iMark]

It is really high but according to my understanding it shows the strength of btc and probably indicates that market is going through btc bulls phase which was long awaited by most of the hodlers and seems like the rally will continue from here on.

Almost all of people are paying attention to the bitcoin after a bitcoin ETF already approved by US regulators. they are all taking altcoin as an alternative way when bitcoi's volatility is very low and doesn't enough to give them all profit. PnD for altcoin at this moment is a real thing dude.

Indeed, it is only natural that the dominance of bitcoin is very high lately, especially since the fantastic price changes in bitcoin
certainly make investors switch to buying bitcoin, so that the dominance is above 60% now, that is normal for me.

[bangkecol]

I have same opinion with you that dominance of Bitcoin is high.
This is will bad for altcoins. Because the rising of altcoins is when dominance of bitcoin is low.

[beerlover]

It is not dangerously high, its not actually even a bad thing, I mean bitcoin could have the 90%+ of market all of its own, as long as the market is still stable there is no problem.

At best case that would make all other coins go up as well to match the dominance and make it at least 50% bitcoin and 50% others but at worst it will keep going up, not like bitcoin going down would be caused by market dominance since nobody cares about it when its going up so it would be for some other reason but in the end even if bitcoin goes down that would make the dominance go down as well. That is why market dominance of bitcoin does mean that bitcoin went up without all other coins going up but aside from that it means nothing and creates no sort of danger to us at all and we can just ignore it.

[waynechong1995]

IMO the market dominance does't really matter as long the project delivers in long term, investors look at Bitcoin differently, a much superior assets compared to existing ones with high volatility. Many alts have different purpose and never would be as popular as bitcoin, if bitcoin moons insanely high of course people would sell their pairs to join the ride. Only good alts could co-exist with Bitcoin and grow together, thats why i hold both bitcoin and alts to avoid scenario where it bleed out all your potential gains

[Nezerlan]

Many investors don't trust altcoins anymore because of the way it dipped in 2018. Many of these altcoins dipped by as much as 800% and are yet to recover. So why buy alts now?

[tiCeR]

Dangerously high? It is the most secure payment network on the planet, why do you call that dangerously high? What exactly is dangerous about having such a strong network that drives adoption because it builds trust among people around the globe?