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almiani
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July 06, 2019, 05:06:38 PM |
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I think this is a natural cycle when some or most people only focus on bitcoin and sell some of their altcoins to buy bitcoin, if bitcoin is stable maybe altcoin will move positively
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Shenzou
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July 06, 2019, 07:12:48 PM |
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The bitcoin dominance has been and will always be there on the crypto market, bitcoin is the original so people have invested in it for years before turning to the altcoins, what happend back in 2017 is that bitcoin got so popular people started fueling it and its price went up, and that gave the investors that this crypto market has potential to score big and so they started investing in the other coins other than bitcoin, until shit hit the roof and regulations came hard and the cryptomarket lost its high value, but bitcoin remained strong because it has a very large user base unlike the other coins.
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bvg96634
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July 07, 2019, 11:49:36 PM |
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As you mentioned, Bitcoin has been dominating the crypto world since like forever. It has been the best ever since and people trust it more than than any other coin. So people invest in it without hesitation. After the reduction in the price of Bitcoins people started buying and stalking it, knowing that it will have an increase in its price soon, and that is what is happening. With so much dominance, I think Alt coins are in a bit of trouble considering the fact that there are so many tokens/coins on one side and then there is only one Bitcoin on the other.
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nemey
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July 07, 2019, 11:55:02 PM |
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Today, the volatility of BTC is still seen. The BTC [rice is not only at that high rate. It is normal and still struggling at a stable price. However, I still hope that we can meet again BTC reaching at least $13k.
The market dominance of BTC has been seen this long time and probably will always dominate the market price. I also feel curious how the next market will be, still dominance fully or altcoins will have few chances for growing?
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EdenHazard
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July 08, 2019, 03:28:52 AM |
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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?
That is the risky way when someone choose an investing in altcoin. The movement price of altcoins are not depend on their development sometimes, but it is a pump from some user maybe the owner or developer itself. Different with bitcoin which has a difficult way to make pump or dump and also we don't know the owner itself. The movement price of bitcoin only depend on development or something that happened to it. So as most people will take a decision to sell and buy based on an information against it. |
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shooleh
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July 08, 2019, 04:38:21 AM |
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This is only temporary and Altcoin will definitely be back up. We have to be patient today because it is all focused to pump the Bitcoin price. Ethereum and all altcoins slowly start growing so it's time to invest. More has the Altcoin I think will generate many advantages.
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pageraji
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July 08, 2019, 04:52:36 AM |
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I've been following Bitcoin's market dominance for a while now. And before the current bullish trend, it used to decrease as the market was growing. I even noticed the correlation between the prices going up and the dominance going down and vice versa. Take a look at this interesting chart: https://coinmarketcap.com/charts/#dominance-percentage. Specifically, at what happened at the end of 2017. Bitcoin's price sky-rocketed, but so did the prices of altcoins. They were kind of fueling each other and thriving. Bitcoin going up coincided with the market of cryptocurrencies expanding, and alts taking up a bigger and bigger part of it. BTC dominance went almost as low as 30% back then. When the prices started going down, Bitcoin's dominance was growing. People were selling their cryptos a lot, but some of them were selling altcoins for Bitcoin, so it actually lost less than others. When the prices started to go up in April, I thought that 2017 would repeat itself with Bitcoin giving more space for other coins as the market recovers. Instead, what we see is Bitcoin recovering at the expense of altcoins with market dominance now being above 60%. What do you think about this phenomenon? Is the time of altcoins over, or is it just temporary? I think its temporary because all market attention on bitcoin right now, if bitcoin dominance not more than 56 percent and marketcap still high i believe its will turn to altcoin session,, |
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dncdog
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July 08, 2019, 05:38:28 AM |
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I think its temporary because all market attention on bitcoin right now, if bitcoin dominance not more than 56 percent and marketcap still high i believe its will turn to altcoin session,,
BTC dominance rate has been at high range, and it will fall later. When dominance rate of bitcoin falls, altcoins will rise. So, let's think of it as simple as possible. Even when the rate rockets next days, it will fall back, and we have been at the end of bitcoin dominant phase. Soon, altcoins will rise. |
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davinchi
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July 09, 2019, 07:36:10 AM |
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I've been following Bitcoin's market dominance for a while now. And before the current bullish trend, it used to decrease as the market was growing. I even noticed the correlation between the prices going up and the dominance going down and vice versa. Take a look at this interesting chart: https://coinmarketcap.com/charts/#dominance-percentage. Specifically, at what happened at the end of 2017. Bitcoin's price sky-rocketed, but so did the prices of altcoins. They were kind of fueling each other and thriving. Bitcoin going up coincided with the market of cryptocurrencies expanding, and alts taking up a bigger and bigger part of it. BTC dominance went almost as low as 30% back then. When the prices started going down, Bitcoin's dominance was growing. People were selling their cryptos a lot, but some of them were selling altcoins for Bitcoin, so it actually lost less than others. When the prices started to go up in April, I thought that 2017 would repeat itself with Bitcoin giving more space for other coins as the market recovers. Instead, what we see is Bitcoin recovering at the expense of altcoins with market dominance now being above 60%. What do you think about this phenomenon? Is the time of altcoins over, or is it just temporary? The current situation of the altcoins is definitely temporary, if you also study the chat carefully, you will agree with me that the altcoins did not immediately increased the moment BTC increase, BTC usually have dominance for a while before altcoins starts having their own dominance, and when altcoins starts dominating, bitcoin tends to halt because it is the sideways of bitcoin that gives chances to most of the altcoins to dominate. I am sure that very soon, once we get to a stage where bitcoin would start to consolidate, it is absolutely certain that altcoins that are still active will have a very powerful surge just like it happened before in the past, so it is too early to think altcoins are no longer going to increase or already having dominance issue. As you can see that the other top altcoins are having pre-dominance, they are the ones following bitcoin right now side by side, so altcoins are very much alive and open to high surge. |
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South Park
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July 09, 2019, 09:43:52 PM |
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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?
No asset can lose more than 100% of its value, maybe you meant 80%? But the rest of your comment is correct, most altcoins crashed even harder than bitcoin at the end of 2017 and many investors lost everything, it is possible that many of them never came back and those that did are probably not interested in investing in altcoins anymore, besides why do we need altcoins? Bitcoin alone could have allowed you to earn 300% in just a matter of months, I know that alts in theory can give more than that but the number of alts that outperformed bitcoin during the previous months is very small, so for an investor there is not really any reason to stop investing in bitcoin and move to alts. |
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Perfect35
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July 09, 2019, 10:05:25 PM |
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It is really surprising to see the dominance of bitcoin growing and I began to wonder if alts will really grow as supposed.
The only thing I can deduce from here is that, altcoins will grow, but not all, until the dominance reduces.
The alts that will grow will only do that, because they are providing reasonable solutions through their products.
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Malsetid
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July 10, 2019, 09:53:51 AM |
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It is really surprising to see the dominance of bitcoin growing and I began to wonder if alts will really grow as supposed.
The only thing I can deduce from here is that, altcoins will grow, but not all, until the dominance reduces.
The alts that will grow will only do that, because they are providing reasonable solutions through their products.
Which should actually be a good thing. If that happens, then alts without actual products and just feeds off of their supporters trust would have a hard time growing. We'll see less scams and projects with bogus promises. Though i doubt that's what will happen. As before, btc and alts are just under a phase. Eventually btc dominance will calm down and we'll see most altcoins recover and make a run themselves. |
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Cnut237
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July 10, 2019, 10:38:31 AM |
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BTC dominance is certainly very high, but I don't think it's a bad sign. BTC often leads any market recovery, with alts taking over once BTC has stabilised or started a mini correction. Whether alts will take over again this time is not yet clear. I do think though that part of the alt surge in late 2017 was because of the huge success of ERC20 ICOs that year, which led to rapidly increasing ETH price, and this ETH surge could have been a major driver for the general alt surge, which I suppose might suggest that things will be different this time around and we might not see such a pronounced alt rise.
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cbcbct
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July 10, 2019, 10:51:53 AM |
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No,its very good thing to elimnate the useless shit coins from the market and its happening at every bull run.So if you are holding any coin with no reasonable inccrease then consider it as shit coin and move it soon to take something to cover up the losses.
Shit coins will fall no matter which proportion of Bitcoin dominance. Only good coins with strong team behind and successful projects can catch capital flows from investors, then can survive and grow over time. It is too far from the era of shit coins since late of 2017. Bitcoin dominance might prevent capital flow into altcoins in coming weeks or even a few months. However, finally investors will switch too altcoins later, certainly. |
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semobo
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July 10, 2019, 11:55:43 AM |
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No,its very good thing to elimnate the useless shit coins from the market and its happening at every bull run.So if you are holding any coin with no reasonable inccrease then consider it as shit coin and move it soon to take something to cover up the losses.
Shit coins will fall no matter which proportion of Bitcoin dominance. Only good coins with strong team behind and successful projects can catch capital flows from investors, then can survive and grow over time. It is too far from the era of shit coins since late of 2017. Bitcoin dominance might prevent capital flow into altcoins in coming weeks or even a few months. However, finally investors will switch too altcoins later, certainly. You are talking about the long term but when it comes to bullish season even the worthless projects will be looking so green but the face is they won't stay green for too long. |
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FanEagle
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July 12, 2019, 07:48:06 AM |
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I think it is getting out of control, I mean at certain point it is understandable that bitcoin should have a high dominance but until how much?
Like we can understand why bitcoin dominance is not 10%, nobody expects that, it can totally be 50% or even maybe 55% but it is as high as 63% right now and that doesn't seem healthy, the more bitcoin dominance stays high the more coins that die as well because if all money goes to bitcoin then the rest will go to the other high ones in top 5 or top 10 but the 150th coin will keep losing its value constantly (150 is example only) so if we want the whole of crytpo world to continue living then we need the dominance to go down but not by bitcoin price going down but others going up, that way we can have healthy dominance once again.
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muslol67
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July 12, 2019, 07:52:18 AM |
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I think it is getting out of control, I mean at certain point it is understandable that bitcoin should have a high dominance but until how much?
If you like, check the data before the last bull period. Bitcoin dominance had gone to higher levels. Don't panic. It will gets its balance soon. |
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Kasabus
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July 12, 2019, 08:11:32 AM |
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Is the time of altcoins over, or is it just temporary?
Bitcoin has been so dominant as the number 1 coin in the market. It has retain its dominance of over 50% in the past few months, and that's the trend of the market now but we cannot conclude that altcoins will just become worthless and bitcoin will be the only coin left for trading, that is just temporary, and just like the past trend, when the bull run arrives, everything will change. The thing is, we came from a big bull run where long FOMO has been happening, it was able to make bitcoin achieve its ATH in a short time and BTC was able to bring altcoins on its uptrend, people now are just more careful and although slowly they have put back their trust and confidence on bitcoin but they are not touching altcoins yet but soon they will, that's for sure. |
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tiCeR
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July 16, 2019, 09:49:21 AM |
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Is the time of altcoins over, or is it just temporary?
Bitcoin has been so dominant as the number 1 coin in the market. It has retain its dominance of over 50% in the past few months, and that's the trend of the market now but we cannot conclude that altcoins will just become worthless and bitcoin will be the only coin left for trading, that is just temporary, and just like the past trend, when the bull run arrives, everything will change. The thing is, we came from a big bull run where long FOMO has been happening, it was able to make bitcoin achieve its ATH in a short time and BTC was able to bring altcoins on its uptrend, people now are just more careful and although slowly they have put back their trust and confidence on bitcoin but they are not touching altcoins yet but soon they will, that's for sure. Bitcoin will continue to dominate. Most altcoins are dead and if you think about it, nobody really needs most of them. Which is why they are indeed dead. Don't know though, some of them might pump for no reason. |
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Goodvalony
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July 16, 2019, 11:14:07 AM |
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My opinion, we all can't own bitcoin. we know that as fact. the quantity is not much No matter how we manage to break it down to pieces. even the rich among us can get a sizable amount for themselves. for me, we need the altcoins to thrive in this crypto community. the altcoins are there to support bitcoin and to create the adoption that cryptocurrency needs.
we should Not condemn altcoins just like that. there are good ones and the bad ones but the current situation of the market is definitely killing the altcoins. from ethereum downwards. the Gap between bitcoin and altcoin is much.
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