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Author Topic: BTC Dominance on CoinMarketCap  (Read 1786 times)
Omoiloye
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August 14, 2019, 05:54:02 PM
 #141

people do really need to take a lesson from this. "market cap" should never even be calculated let alone be used as a ranking characteristics or for dominance.

before you know it, 2017 will be repeated. bitcoin will go to $100k this time, altcoins get pumped in short term and again we will have another 2018 2019 where bitcoin stays up while altcoins get killed with all their dumps.

The last bull run do not forget a lot of money were in Alts due to the ICO hype. The influx or money in the crypto space is huge with regards to Alts. If 2017 is repeated Alts wouldn't enjoy such rise especially not in the proortion they did last in 2017. So 2018 2019 might no exist no. More
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August 14, 2019, 06:05:07 PM
 #142

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%
It gets higher as days passed by.now we are in 68.4% dominance and this means profit to the bitcoin holders(even though as I speak the value of bitcoin is dropping up to 8%)
This will always be the case, Bitcoin will always dominate the CMC, it is inevitable. Hardly any other coin will ever be able to compete with BTC
Altcoins are not competing with bitcoin instead they are using the top rank coin to grow and the technology behind bitcoin has bing used by some of them.and besides every coin has their own function(not counting those clone and shitcoin)

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August 14, 2019, 07:46:49 PM
 #143

I believe the issue of BTC dominance on CoinMarketCap, is not contended, in the sense that it has been observed in times past, that the cryptocurrency has not taken a fall from its top position right from the on-set. It has also been seen that whenever there is a fall in the market, all other cryptos are affected likewise.

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August 14, 2019, 07:57:37 PM
 #144

Bitcoin will remain number 1 at CMC due to its price and many tokens are just depending on their total number of supply while having the luxury of BTC price in USD.
You can see that XRP at high rank due to USD value and not with the sats. BITCOIN will remain as it is the most use token in cryptocurrency exchanges.

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August 20, 2019, 09:53:08 PM
 #145

We all know that btc has a big value in cryprocurrency the price is getting higher in each year. But sometimes the price foes up and down in the market. Coinmarketcap is a site that you can check the price of your coins and altcoins. If you want to make a profit you can buy or invest coins or you can do the trading. Btc is the future money.


What about your views on BTC market dominance percentages?

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August 20, 2019, 10:17:58 PM
 #146

Bitcoin will remain number 1 at CMC due to its price and many tokens are just depending on their total number of supply while having the luxury of BTC price in USD.
You can see that XRP at high rank due to USD value and not with the sats. BITCOIN will remain as it is the most use token in cryptocurrency exchanges.
The total market cap of bitcoin is higher compare to any coins or tokens, the dominance of bitcoin will continue until we mine the last block for bitcoin. The limit on supply makes the price expensive, this is normal when you have it better to hold on it. The dominance of bitcoin will become stronger, many expect this to happen next year so keep your eyes on bitcoin because it will become a more giant coin as expected.

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August 21, 2019, 12:16:11 AM
 #147

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%

In my opinion, the ideal situation for bitcoin dominance in the market is around 30-35%. If the dominance of bitcoin is still above 50%, many new projects will be difficult to survive because they have been abandoned by their investors. With a dominance of 30-35% but the market value of the cryptocurrency market cap is at 1 trillion dollars, then the price of bitcoin will not change much from the current price, maybe even be in the range of $ 20k

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August 21, 2019, 01:05:15 AM
 #148

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?
IMHO, nothing! Bitcoin already have everything — the highest price, investors and adoption. There's no need for btc to feel threatened anymore because he is currently unbeatable. Altcoins should do a lot of work first if they really want to kick btc on his throne but how? I don't know either (even Ethereum, the closest to him, was still no match), hmm maybe if the world suddenly got brainwashed, sell all btcs and buy a particular alt lol Grin.

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August 21, 2019, 02:06:05 AM
 #149

BTC should increase dominance as Feb 2017, specifically above 85%. Then the alt season will begin.
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August 21, 2019, 02:13:58 AM
 #150

Now real btc domination is higher than the graph shows us. Calculation takes a lot of shit coins that have any kind of price, but they are not liquid.

 
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August 21, 2019, 07:52:58 AM
 #151

Now real btc domination is higher than the graph shows us. Calculation takes a lot of shit coins that have any kind of price, but they are not liquid.
Definitely that's true, the dominant rate is only computed from the data in the exchanges listed, but there are transactions out there that is not tallied, those transactions like OTC also involves a huge amount of money that if monitored would certainly make bitcoin dominant more higher.

Currently at 68% now but if the above-mentioned is included, it could rise as high as 80%, and that's pretty huge and that's how bitcoin dominate the market that it can dictate result to a big price movement of altcoins with just a small move.


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August 21, 2019, 11:42:33 AM
 #152

Bitcoin has the major media and news outlets backing it up with interviews, stories, price charts, and discussions so I am not surprised that it has such a large market capitalization. I would invest in Bitcoin for its safety as a public crypto asset and perhaps others that will evolve with the growth of the blockchain and its integration into our systems.


If you are not surprised about Bitcoin market capitalisation that is great but what are your views on percentages of BTC dominance of the whole crypto market?

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August 21, 2019, 12:25:35 PM
 #153

It is history repeating. BTC dominance will rise above 70%. Every investors remembers last bull run. First BTC was pumped and than altcoins. That is the reason we have so called bull run and altseason. When investors will be happy with with BTC profit majority will switch to best alts available. Make a list of the ones you like and trust the most and be ready to transfer the profits to alts when BTC pumps above ATH this time.


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August 22, 2019, 05:40:06 AM
 #154

Bitcoin domination over the other cryptos is not a wonder, it is happening since the BTC is the only king of cryptos, you remove the BTC and the whole crypto-space will collapse.
Definitely, however, I don't think BTC will be remove because this market is getting bigger with different of platforms trying to compete.

The dominant of BTC will only decrease in the long run, but that will not make it a bad investment, it will only decrease to help the altcoins to grow because with the current rate of BTC, there is no chance for altcoins to have their own progress in terms of value although they have some developments that has to be appreciated by the investors, right now, most investors are on BTC, I'm hoping it will change though.


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Kayum10029
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August 22, 2019, 06:34:03 AM
 #155

I support this idea because in cryptocurrency market cap bitcoin is a King and Ethereum is the queen and others cryptocurrency are the soldiers in bitcoin kingdoms.

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August 22, 2019, 04:14:05 PM
 #156

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%

In my opinion, the ideal situation for bitcoin dominance in the market is around 30-35%. If the dominance of bitcoin is still above 50%, many new projects will be difficult to survive because they have been abandoned by their investors. With a dominance of 30-35% but the market value of the cryptocurrency market cap is at 1 trillion dollars, then the price of bitcoin will not change much from the current price, maybe even be in the range of $ 20k
With the rate of bitcoin development, bitcoin will always have the dominance and the dominance will not end anytime soon which I don’t think the dominance should completely affect the altcoins forever,  and like I said, bitcoin will remain dominant and may even grow above 50% but even at that, what we need for altcoins to start increasing is for bitcoin to go sideways, if bitcoin starts to move sideways and then consolidate, then altcoins will regain their freedom once again, and then we will see those that still have little life in them start growing and blowing beyond our imagination.

I am not so much concerned about the dominance of bitcoin, I am just hoping that bitcoin will go on consolidation very soon because that is the only way that these coins can  survive.
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August 22, 2019, 05:18:51 PM
 #157

BTC should increase dominance as Feb 2017, specifically above 85%. Then the alt season will begin.

Back then we had around 2,000 cryptocurrencies. Now we have more than 10,000. So naturally the current Bitcoin dominance should be lower than the figure we had in 2017. The last time I checked Coinmarketcap, the dominance was around 69%. Taking in to account the new coins, a fair valuation should be somewhere in between 70% and 80%.

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August 22, 2019, 05:32:18 PM
 #158

A year and a half ago Bitcoin dominance went down to all-time low
Somehow, Bitcoin still was the most dominant coin in the ecosystem

Being a pioneer gives bitcoin extra power that also in the future might not have a direct relation to the dominance percentages


So when Bitcoin dominance went to an all time low how do you think it affected the rest of the market?

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August 22, 2019, 05:43:44 PM
 #159

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%
After all, bitcoin is bitcoin!  Wink Everyone prefer bitcoin than altcoin as because Bitcoin already have gained trust. People belive "Bitcoin price may go down but it is not scam". I think this is the main reason behind BTC Dominance with large number of share/percentage. Top10 coin/token in CMC may increase by theirs Dominance after bitcoin
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August 22, 2019, 08:27:56 PM
 #160

even bitcoin dominance is drop, it doesnt mean people sell their bitcoins if marketcap is getting bigger.its a bitcoin percantage according to total market.


How do you think other coins and tokens will perform if Bitcoin dominance rises or falls?

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