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Author Topic: BTC Dominance on CoinMarketCap  (Read 1786 times)
JollyGood
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July 06, 2019, 04:50:07 PM
 #21



As for me, bitcoin dominance is not a very important issue as it could go up and down depending on the growth of the whole cryptocurrency marketplace. I even prefer that it goes below 50% as this is not a political movement where you need at least 51% or a majority to win the race. Hopefully, when the whole cryptocurrency has grown mature, bitcoin dominance will go down percentage-wise because the whole industry is growing well. Even it goes just to 10%, it will never have any impact on its future and arguably also on its price.

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.

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July 06, 2019, 04:54:24 PM
 #22

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.
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July 06, 2019, 07:48:22 PM
 #23

Hey

The number of cryptocurrencies is over 1600 and growing according to a survey now if we consider this number we would be able to see how it is a big influencer of the market. It is actually controlling the market to an extent ( trading pairs and all ) .
It has 191 billion market cap which is followed by etherum with 105 billion.

It is infact very close not a lot of distance is between them ...i think soon it may surpass it but then again it's Bitcoins that we are talking about .



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July 07, 2019, 01:02:44 AM
 #24

The dominance of bitcoin over the crypto market has risen again as it is currently over 60% and this has caused a gradual increase in the entier market cap which has risen over $300 B. i think this is a good sign showing an imminent bull run.

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July 07, 2019, 01:19:21 AM
 #25

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%

As far as I can remember, during the peak price of almost $20k, bitcoin's dominance is around 50%. Bitcoin having a good run and so is the alt coin. So I would say that around that ballpark figure. So that the other 50% is for the alt coins to grow and mature.

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July 07, 2019, 01:49:57 AM
 #26

The dominance of bitcoin over the crypto market has risen again as it is currently over 60% and this has caused a gradual increase in the entier market cap which has risen over $300 B. i think this is a good sign showing an imminent bull run.
Yes, its a sign of bull run and i don’t see any threat for altcoins on that because in the first place Bitcoin really dominates the market. We will see a more dominance of bitcoin if we make another ATH, this is a challenge for altcoins to follow that or else they will be dead and can’t follow the price uptrend.
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July 07, 2019, 02:48:39 AM
 #27

Bitcoin dominance will reverse shortly, then altcoins will run hard.  That's why 100% of my portfolio is on the altcoin called HST decision token
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July 07, 2019, 03:27:52 AM
 #28

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 ... !!

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July 07, 2019, 03:32:43 AM
 #29

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

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July 07, 2019, 03:37:55 AM
 #30

The dominance of bitcoin over the crypto market has risen again as it is currently over 60% and this has caused a gradual increase in the entier market cap which has risen over $300 B. i think this is a good sign showing an imminent bull run.
Yes, its a sign of bull run and i don’t see any threat for altcoins on that because in the first place Bitcoin really dominates the market. We will see a more dominance of bitcoin if we make another ATH, this is a challenge for altcoins to follow that or else they will be dead and can’t follow the price uptrend.

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.



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July 07, 2019, 04:02:19 AM
 #31

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%

Bitcoin dominance is also moving up and down depending on the current market situation. This time, since Bitcoin is a bit more aggressive than the alts, it is expected that Bitcoin dominance is high. But when the time the alts will start its bullish rally, we will also expect that the dominance of Bitcoin will lessen. I am good at 50% Bitcoin dominance. It cannot be too lower than that. That is enough for Bitcoin to remain at the top of all.
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July 07, 2019, 04:33:10 AM
 #32

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.
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July 07, 2019, 05:56:04 AM
 #33

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.

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July 07, 2019, 06:04:48 AM
 #34

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%


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

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July 07, 2019, 09:13:59 AM
 #35

Bitcoin will always be the number one crypto in coinmarketcap or in any crypto ranking site.


I see no evidence of that. It is entirely possible that your forecast will be right but it is equally plausible that another innovation will over take Bitcoin or that it will be forked again and another battle such as the BTC/BCH will happen and on that occasion divide the community like never before.

Dominance by Bitcoin will probably not last forever but it will probably be dominating for a long time to come.

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July 07, 2019, 10:26:18 AM
 #36

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.

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July 07, 2019, 10:37:27 AM
 #37

I think many will agree that Bitcoin will not change in pace with its dominance even if some Altcoin will come closer to it, I really think that this can not be a subject anymore it is pretty obvious that it will not change anything but I guess there is a specific thing for other altcoins that is for a change and other traders does love the volatility in it and a likable cheap price from all other coins, So in my opinion even if Bitcoin does take the center stage in the Coinmarketcap Altcoins will sure have a spot for traders and investors alike even if they didn't end up in the top.

It is true that domination does not affect the price of bitcoin, in my opinion market domination is only a measure of competition. The price issue is not determined by market dominance, it remains on demand and supply. The dominance of the bitcoin market is very high, I don't think there will be an altcoin that can surpass it.

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July 07, 2019, 11:01:28 AM
 #38

Compared to other cryptocurrencies that do not inspire confidence, any bitcoin sale on the market occurs only because of the desire to make money, and not because Bitcoin loses its relevance.  Based on this, price fluctuations will always exist and will earn money on this, because the most important attraction of Bitcoin is its unstable price.

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July 07, 2019, 11:05:13 AM
 #39

The dominance of bitcoin is gradually increasing.. no one  will take place the bitcoin.. Bitcoin  will always remain top in cryptocurrency  No Doubt....


The BTC dominance has grown from around 50.3% a couple of weeks ago to 62.4% today because other crypto have not climbed as steeply as Bitcoin and because the trash/pathetic tokens and coins have been exposed which means more and more people leaving those behind or cutting their losses but not necessarily purchasing other crypto.

Bitcoin dominance is great but to what percentage? At what point does it start damaging other crypto and stops them being real competitors?

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July 07, 2019, 11:53:26 AM
 #40

There was even 65%
To check bitcoin dominance i am looking BTC vs top alts
Specially btc-eth .Traders are often securing his btc positions by switching to top alts
That way i have instant market outlook

 
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