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Author Topic: BTC Dominance on CoinMarketCap  (Read 1786 times)
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July 10, 2019, 10:00:57 AM
 #61

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%

The dominance stands at 65% as of now. IMO, the value for most of the altcoins come from pure speculation and their user-base and acceptability is at a level that is only a fraction of Bitcoin. Two and half years back, Bitcoin enjoyed a dominance of around 86-87% (before going down sharply due to the influx of the ICOs) and in my opinion that represents its fair valuation.

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July 10, 2019, 11:06:00 AM
 #62

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%
The dominance will continue to grow because Bitcoin is the most profitable coin in the market, some coins just come and go but Bitcoin is always here to continue its dominance and worldwide adoption, people who are coming in the market will first invest in Bitcoin before looking for more coins to add to their portfolio.

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July 10, 2019, 11:16:09 AM
 #63

People see BTC as the safest cryptocurrency every time the market moves, whether good or bad, as BTC is a safe harbor, and BTC dominance is increasing or decreasing.

That was not the question in the OP.

The question was about the percentage of dominance that keeps Bitcoin dominant but also allows others to play catch-up

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July 10, 2019, 11:32:39 AM
 #64

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%


but the number of alts are unimportant becuse i would say 99 % of the are complete shit, so 62% seems abit high with that amount of cryptos outthere but its realy not , i think it should be something like 70% that would make sence to me.

This statistics simply demonstrate the interest of investors. Most of them trust Bitcoin, first of all, and invest their money in BTC. Now, when Bitcoin gains more than alts, more people prefer to buy exactly this crypto.

Maybe this can only be said to be a temporary analysis and statistics for investors and provoke everyone to buy, because if they have already bought the price will continue to rise even though little by little and will make them profitable in the future. That is why many people want to invest in their stastic style that is very different.
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July 10, 2019, 12:58:16 PM
 #65

This is why I choose bitcoin over 5 years.
Sometimes I confuse about people who try to choose something risky over something less risky.

But as we all know that crypto trading getting bigger and it's normal things to see in trading world's , isn't it ?

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July 10, 2019, 01:15:36 PM
 #66

This is why I choose bitcoin over 5 years.
Sometimes I confuse about people who try to choose something risky over something less risky.

But as we all know that crypto trading getting bigger and it's normal things to see in trading world's , isn't it ?

BTC is the dominance that exists. but in every cryptocurrency trip, there will be people who adopt the bitcoin blockchain, of course it is a new project, but bitcoin will remain at number one

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July 10, 2019, 01:26:58 PM
 #67

Bitcoin is always a top priority when large and small investors enter the crypto market, which attracts most of the inflow of capital into the market. Moreover, too much shitcoin, poor quality, makes investors no longer interested in altcoin. I think bitcoin can increase its dominance by up to 70%, which is entirely possible.
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July 10, 2019, 02:09:26 PM
 #68

People see BTC as the safest cryptocurrency every time the market moves, whether good or bad, as BTC is a safe harbor, and BTC dominance is increasing or decreasing.

That was not the question in the OP.

The question was about the percentage of dominance that keeps Bitcoin dominant but also allows others to play catch-up


I do not remember such statistics even in 2017, during the bull run. It seems to me, that time, Bitcoin dominance was a bit over 62%, and now, it is over 66%. All this stuff can affect altcoins and let them stop for a while.

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July 10, 2019, 02:29:22 PM
 #69

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%
The dominance of bitcoin is getting higher because of many failed altcoins, and they are dying so people choose to transfer on bitcoin. A big portion are still filled by many top altcoins and I believe they will also do their best to stay on that position, its really a battle of survival. I’m happy that bitcoin still dominate the market, better to hold more.
Not only those dying altcoins mate because if you will check the movement of good altcoins or even those stable coins yet the capitalization is lowering meaning some of their investors are taking support and going into Bitcoin so I think this is the reason why the dominance of this number 1 ranked coin is growing up to 62% and maybe even getting higher in future.but this is not a reason to withdraw support from alts instead use this an opportunity to buy more so when the trend change profit will be on your side as well

If Bitcoin dominance goes over 62% it still leaves space for others to get involved albeit at a lower percentage but if BTC dominance is lower it would allow others a larger share of contribution.

So much profit can be made from altcoins if the timing of buying and selling is right and in that case dominance percentage of Bitcoin falls by the wayside.

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July 10, 2019, 02:52:20 PM
 #70

This is understandable. Bitcoin has formed and developed over the past 10 years and has become the common standard of the crypto market. Bitcoin is a spice of love in this market. Imagine, bitcoin will rise to higher values ​​in the future. The next transformation will be in Halving at 2020.

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July 10, 2019, 03:01:18 PM
 #71

I think there was a time that the dominance of bitcoin was dropping to below 50%. That was the time when altcoin like ETH and Ripple was rallying. That would be a healthy competition for cryptocurrency. But now, bitcoin is above 60% in dominance. I think a 30-40% market share for all altcoins is enough since most of them do not have real use anyway. Only a handful of altcoins can be considered useful cryptocurrency and should have a share in the market.
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July 10, 2019, 03:14:57 PM
 #72

The dominance of bitcoin is just very huge, but there is nothing anyone can do about this because bitcoin has proven itself to be superior to every other coin available in the market. I would have love it should bitcoin dominance reduce to 20% but people have more trust on it. Altcoins will have to keep struggling until the total coinmarket becomes very robust.

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July 10, 2019, 03:17:59 PM
 #73

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%
This even grow higher as day passed by,today it sits at 65.2% domination from all of the coins growing more than 8% on capitalization as the time I am typing

Altcoin has also supporters that’s why the space don’t come to large by gap so this is the market goes and must be
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July 10, 2019, 07:48:17 PM
 #74

Obviously Bitcoin price will be at the top according to that this marketplace volume also will goes the same value. I am not so why here mentioning coinmarketcap and giving promotion to the CMC side.
Because of this Bitcoin volume dominance only we are making profit with the high returns in a trading or with your investment amount.

 
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July 10, 2019, 09:58:22 PM
 #75

I would have love it should bitcoin dominance reduce to 20% but people have more trust on it.
Are you kidding me? That's the most stupid thing I have seen someone post in a long time. Bitcoin's market cap dominance is exactly where it should be. It reflects how useless the majority of the other coins are.

2017 was a crazy year with how the worst possible average joes entered the market inflating the price of EVERY single altcoin. You could throw a dart without looking and that coin would make you sick profits.

These yolo gamblers rekt themselves hard and have left the market. We're much better off without imbeciles turning this ecosystem into a pile of rubbish. Good riddance I would say.

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July 10, 2019, 10:25:45 PM
 #76

Bitcoin dominance is increasing and hopefully it will rise above %65 if BTC start growing as we saw last month.
But if dominance decrease then other altcoin prices could go higher because when BTC goes down then investors move to altcoins.
Anyway I don't think so BTC will go down because day by day btc getting famous.


Do you think it is a good thing if BTC dominance increased to 65%+ ?

What do you think are the pros/cons of BTC dominance at 65%+?

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July 10, 2019, 11:16:41 PM
 #77

The dominance of the market keeps increasing and crossing 65% there is good move in the price of bitcoin while the entire altcoins faced a very big downfall in the value. This time there is more chances for a bigger dominance level to be achieved as people have been moving funds from altcoins to bitcoin continues as there is no big growth with altcoins.

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July 10, 2019, 11:41:58 PM
 #78

Obviously Bitcoin price will be at the top according to that this marketplace volume also will goes the same value. I am not so why here mentioning coinmarketcap and giving promotion to the CMC side.
Because of this Bitcoin volume dominance only we are making profit with the high returns in a trading or with your investment amount.



Bitcoin volume dominance traders grab this opportunity to get high profits in the marketcap, we should bitcoin moving their volality fluctuations strongly up and down from 10,000$ upto 13,000$, and a few hour ago more or least 7hours  (estimated time) bitcoin price hit 12,900$ meaning have an indication to get the mark level of 15,000$ to hit the ATh. Treat bitcoin now as dominant coin in marketplace.
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July 10, 2019, 11:46:14 PM
 #79

altcoins getting crushed by bitcoin.  I sold all my HST decision token today as I can no longer stand the pain of bitcoin crushing the altcoin market.

Bitcoin will always be the first option to most crypto users as compared to other altcoins. The popularity alone and its usage has not been surpassed by newly-launched platforms. No wonder, we still go back to bitcoin whenever we invested in a certain altcoin that is deemed to failure. Altcoins come and go, but bitcoin is still on its pedestal.
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July 11, 2019, 09:59:32 AM
 #80

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%

I think there is a shortage of coins that can explain his project and himself very well. So, as you said, there are thousands of coins in the market, and Bitcoin only represents a large part of the market. I think it's more about coins than Bitcoins. At least 1000 of them are completely meaningless projects. The rest must prove themselves under market conditions. Thus, investor preferences will shift in this way.

It is those meaningless coins you refer to that have little impact on BTC dominance percentages but rather the others. If everybody buys Bitcoin then dominance increaes.

My point was what percentage dominance would be ideal for Bitcoin to have which allows it to be stable and healthy but allows competitors a chance to try to play catch up.

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