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BY_ATOM
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July 20, 2019, 06:41:21 AM |
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Who would not say that, but bitcoin will be the most popular coin, and all the other alcoynts will be focused on it, and the price will depend on the value of bitcoin. I think that for a very long time bitcoin will occupy a leading place, it is a pioneer and trusted by the entire community....
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Dildo Shwaggins
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July 20, 2019, 07:08:02 AM |
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I'm expecting 80-90% dominance.
There is no way alts can keep holding these silly valuations. They are already trying hard to rebuy their coins and raise the price.
Bitcoin is the King.
A few altcoins have an actual usecase but seem to be stuck in promoting and convincing investors. They are actual businesses with offices and personel. Most have paid a lot of money to consultants that basically did nothing to help them as they lack business administration skills. No business plans, no SWOT analysis, 0 organizing skills, just devs and a few marketers are not actually helping them survive.
With two words I'll explain alt coins: Greedy Devs .
If we don't reach 80% dominance at least there won't be a bull-run.
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mindrust
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July 20, 2019, 07:13:31 AM |
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There are some dead coins with absolutely zero trading volume and they are also included in this calculation which is wrong.
If a coin has $1k or less trading volume in the last 24 hours, its weight in the dominance calculation is completely worthless.
Take some % from alts and add a few %2-3's to bitcoin.
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Arkham Knight
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July 20, 2019, 07:32:57 AM |
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The dominance is still staying above 65%, despite some late fight back from the alts. The trends indicate that the market share of Bitcoin will continue to increase, reaching 70% or more by the end of this year. And it will increase further next year, as a result of the upcoming block reward halving. Right now I don't see a good future for any of the alts.
That makes sense because bitcoin will be the ultimate reason for people to buy crypto currencies. Investors are also smart not touching altcoins for now because of the great effect that the halving will give to bitcoin. I expect altcoins to go very quiet for now and its time for moon season is after a few months of the bitcoin halving. |
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kogozer714
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July 20, 2019, 07:37:31 AM |
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I think that is a natural thing if bitcoin occupies the top caste in CMC or other crypto rankings. I think everyone will certainly agree with that.
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shoreno
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July 20, 2019, 07:42:55 AM |
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Bitcoin will always be dominant among the rest of coins
for now yes but we dont know what the future holds with bitcoin . it may or may not stay dominating because it will be replaced by some new good coins . there are a lot of people are making good profit with bitcoin compare on other cryptos
really ? but bitcoin is expensive and not all investors can buy more of it . this limits thier potential income but they can just easily pick small coins and buy it bulk to earn huge profits . |
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bryant.coleman
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July 20, 2019, 02:24:47 PM |
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CMC might list Libra too eventually. If they have like $5 billion of it in reserve, that's directly the market cap and it will lower Bitcoin's market cap dominance instantly.
Facebook is having a market cap of $566 billion right now and they have cash reserves in tens of billions of USD. I won't be surprised if FB pumps $50 billion in to Libra initially. But it is debatable whether CMC would include Libra as one of the cryptocurrencies in its list or not. CMC lists centralized cryptocurrencies such as XRP, so ideally Libra should be able to list itself there. But then, given its hostility towards the current cryptocurrency ecosystem and the real intention, my prediction is that CMC would not consider Libra as a cryptocurrency. Just because Libra has the form of a cryptocurrency, we can't conclude that it is a currency like BTC and ETH, and is different from fiat currencies such as USD and CNY. |
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hatshepsut93
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July 20, 2019, 02:50:42 PM |
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CMC might list Libra too eventually. If they have like $5 billion of it in reserve, that's directly the market cap and it will lower Bitcoin's market cap dominance instantly.
Facebook is having a market cap of $566 billion right now and they have cash reserves in tens of billions of USD. I won't be surprised if FB pumps $50 billion in to Libra initially. But it is debatable whether CMC would include Libra as one of the cryptocurrencies in its list or not. CMC lists centralized cryptocurrencies such as XRP, so ideally Libra should be able to list itself there. But then, given its hostility towards the current cryptocurrency ecosystem and the real intention, my prediction is that CMC would not consider Libra as a cryptocurrency. Just because Libra has the form of a cryptocurrency, we can't conclude that it is a currency like BTC and ETH, and is different from fiat currencies such as USD and CNY. It's already there: https://coinmarketcap.com/currencies/facebook-libra/Coinmarketcap makes money from ads and selling services, they don't care about the underlying ideology of cryptocurrency, they'll list the shittiest of shitcoins if it will make them more money. Libra will take a bite from Bitcoin's market share - so what? We've seen worse with ETH and XRP bubbles, and countless other shitcoins - some were even entertaining the idea of flipping Bitcoin, and where are they now? In the end Bitcoin is secure and decentralized, while other coins are not - and the market will catch up to this fact eventually. |
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gentlemand
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July 20, 2019, 02:56:51 PM |
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Well I never. Am surprised. I think there's a case for stablecoin stats to be listed. It's useful to have a resource showing how many there are, how traded they are and where they can be traded. All the same they'd be much better off in a separate section as the people seeking out that info are going to be a different breed of curious. |
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JollyGood (OP)
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July 20, 2019, 03:57:25 PM |
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Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?
Currently the BTC Dominance according to CMC is: 62.6%
there is no need for anything for bitcoin to continue to dominate the crypto market, because in fact bitcoin is the most sought after to invest, as much as any new coin that appears to rival it, I don't think it's easy, bitcoin remains a favorite for everyone, and I think it's enough for I hear bitcoin is the mother of all altcoins ... !! That does not answer the question. In your opinion at which percentage dominance does Bitcoin still have plenty of control but allows other crypto to be dominant in their own right too? |
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Glutius
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July 20, 2019, 08:45:06 PM |
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For two years in the cryptocurrency, I have seen bitcoin fall below 50% dominance. But even then, he remained a leader in the cryptocurrency market. Dominance is not enough to shift bitcoin from its leadership position.
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bitkanu
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July 20, 2019, 11:13:07 PM |
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For two years in the cryptocurrency, I have seen bitcoin fall below 50% dominance. But even then, he remained a leader in the cryptocurrency market. Dominance is not enough to shift bitcoin from its leadership position.
30% dominance will make bitcoin a leader as long there's no coin with greater dominance and now it is 50% obvious that none of other altcoins will take its position if the dominance is even lower then when bitcoin only has 30%. CMC might list Libra too eventually. If they have like $5 billion of it in reserve, that's directly the market cap and it will lower Bitcoin's market cap dominance instantly.
Facebook is having a market cap of $566 billion right now and they have cash reserves in tens of billions of USD. I won't be surprised if FB pumps $50 billion in to Libra initially. But it is debatable whether CMC would include Libra as one of the cryptocurrencies in its list or not. CMC lists centralized cryptocurrencies such as XRP, so ideally Libra should be able to list itself there. But then, given its hostility towards the current cryptocurrency ecosystem and the real intention, my prediction is that CMC would not consider Libra as a cryptocurrency. Just because Libra has the form of a cryptocurrency, we can't conclude that it is a currency like BTC and ETH, and is different from fiat currencies such as USD and CNY. I think they will, you see there's USDT and many stablecoin they still get listed on coinmarketcap so Libra being listed there has huge possibility. |
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JollyGood (OP)
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July 24, 2019, 10:45:05 AM |
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If BTC falls to 10% dominance then it must affect the price so on that I disagree with you.
In the OP I was not asking for opinions about what percentage of BTC dominance would allow for a better playing field for the other crypto to be taken more seriously and be more competitive.
no, actually if this so called dominance were to drop to such low percentages it may actually wake most people up so that they stop using market capitalization as the comparison for determining "dominance" and as soon as they replace it with something meaningful, this percentage jumps back up. not to mention that people don't buy bitcoin because of some nonsense percentage on a website! they buy it because they either like the technology and what it offers or are speculating its price is going up. none of which is affected by whether it shows 99% or 1% "dominance" on coinmarketcap.com Keeping aside your opinion on the reason people are buying and selling Bitcoin, what percentage would you life to see BTC so it allows other crypto to have a foothold in the market too? |
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Moshaid
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July 24, 2019, 11:07:16 AM |
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Even before the bullish market that happened some years back, bitcoin has been dominating the market due to different factors which other or most altcoins are yet to have. Regardless of the fall in market price it will still be leading coin in the crypto space for the next few decades due to its adoption globally, although maybe in another two or three decades another altcoin might surpass it but for now bitcoin will still dominant the main and minor market.
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hahahafr
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July 24, 2019, 12:07:24 PM |
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The dominance of Bitcoin would forever reign over the entire crypto market as it is the cryptocurrency that is largely invested into by crypto enthusiasts. Also, the return of investment on Bitcoin is quite higher and stable than most cryptocurrencies. Investing into Bitcoin is far better than investing into altcoins, most altcoins are worthless now and that is one of the reasons why Bitcoin dominance is always on the rise.
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klaaas
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July 24, 2019, 09:22:09 PM |
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New users or investors will go for the most known or used crypto currency and that will be Bitcoin and wont change any time soon. With that it also count that most that are already in the crypto space would keep there larger stacks in BTC.
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todiboa
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July 24, 2019, 10:57:58 PM |
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It is necessary to divide the coins into two types: for investment and for functional use. Bitcoin is reliable and transparent, better than other coins, ideal for investing because it is unlikely that someone will be able to catch up with his next 5-10 years. In turn, a lot of functional coins are developing very well, but they will not be able to get such a price as Bitcoin because they are narrow-profile
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JollyGood (OP)
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July 24, 2019, 11:33:53 PM |
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I think we don't have to wait for a long time from now on to see bitcoin price will get another bull run and I hope that it will trigger the price to rises so high. The altcoin will follow bitcoin, that is for sure, but I think we will going to see the altcoin to increase the first time and then bitcoin price will start the rally. Bitcoin dominance still happens in the market, and I think many people are now trying to buy more bitcoin because, in the future, bitcoin price will rise at the highest price. So even with the bull run as which percentage would say BTC dominance will be strong but will also allow other crypto to narrow the gap? |
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bryant.coleman
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July 25, 2019, 02:48:22 AM |
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During the past 3-4 days, the Bitcoin dominance has gone down by 2%, from 66.7% to 64.7%. But overall, the trends indicate a rising market share for Bitcoin (three months back, the dominance was around 50%). This is despite the fact that CMC had added a few hundred coins recently (one of them, UNUS SED is currently having a market cap of $1.3 billion). ETH has gone below the 0.025 support level and is currently trading at 0.022 BTC per coin. XRP is struggling to stay above 3,000 Sat.
The altcoin market share has shrunk to around 35% (including the stable coins and Bitcoin forks) and we are witnessing an ever growing number of coins competing for the constantly shrinking space. There have been a lot of fund inflow to Bitcoin from the alts. Probably by the end of 2019, we'll be having a dominance of around 75%.
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abderrazak belkhir
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July 25, 2019, 10:38:28 AM |
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Even if Bitcoin's market dominance drops to 25% bitcoin will still be the dominant force. Remember, the cryptocurrecy markets is easily swayed by news(both fake and legitimate), especially to most altcoins. Bitcoin will still be the most decentralized, most secure, and most globally adopted coin compared to all the other coins/tokens combined.
This is what i think so...i don't think that there is a token or coin will have a better dominance percentage than bitcoin |
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