BTC Dominance on CoinMarketCap

[Vishnu.Reang]

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

A single coin may not be able to overtake Bitcoin on its own. But it is entirely possible that the combined market share of the altcoins can cross the 50% level (three months back, we were having similar figures). Bitcoin will remain as the largest currency (in terms of market capitalization), but there will be a lot of fragmentation in the crypto market.

[JollyGood]

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.

That is an interesting point you make. In your opinion if 50% dominance is all Bitcoin needs then it leaves thousands of tokens and altcoins fighting out for the other 50%. Out of that would be a top 15 or 30 coins in Coinmarketcap that would have the bulk of that other 50% dominance.

Going by that even if BTC dominance fell lower than 50% it would not really hurt BTC growth and at the same time would allow others to grow too.

[nankers]

Is always nice topic to talk about bitcoin can dominance all cryptocurrency. If cryptocurrency have a good news about cryptocurrency, bitcoin must be dominance on all exchange cause simple think, all crypto use bitcoin for all transaction.

[Prateek_sharma]

Well!! Bitcoin is the superstar of the crypto market, as it continues to dominate the crypto market.

[cheezcarls]

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 of now it almost close to 70% dominance over Ethereum and the other altcoins. It is why no matter which altcoin I can get, I am moving them to Bitcoin instead. As financial institutions and new investors recognize Bitcoin more than others, it is where it’s dominant than any other coins or tokens in the market.

Failed altcoins also contributed to that, which people are turning into Bitcoin after converting their altcoins to Ethereum. I have a lot of altcoins that I am holding in my wallet with a little hope in them. In order for me to make it grow, I have no choice but to trade them to Bitcoin as it continues to dominate the market.

Fact: You can’t beat Bitcoin

[BlackFor3st]

The dominance is kinda bad to other crypto currencies but it only shows also how powerful the king of crypto currencies is. Bitcoin is showing a positive output by dominating the other currencies while continuing to skyrocket it's price.

Holder of bitcoin will surely love this great news especially in the following months as it will surely continue to move upward.

[adaseb]

I think the reason why the dominance is increasing so fast is due to over-leveraged people who kept buying and buying alts back in May-June because they were expecting an alt reason rally which hasn't happened yet.

People think that 2019 will be a repeat of 2017 but they need to realise that it doesn't work that way. I think the coins like XRP, LTC, ETH suffer the most due to the high margin available to trade those alts against the BTC ratio. And if you look at a weekly chart, it just keeps going lower and lower and lower and people keep trying to catch a falling knife and end up getting liquidated. Hence the sell-offs keep contuning.

I think the strong alts will bounce back eventually however its hard to tell when that will happen. So right now its best to just buy the alts without leverage and see how it plays out.

[Mehedi72]

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 is the king of crypto world. Last 5-7years, it is seen  that, thousands of coins and tokens had come to market. Many of them, get successful and most of them get scammed. But if you see bitcoin, it has increased huge. So undoubtedly people would like to choice bitcoin because of it's safety & security. That's the reason, BTC Dominance in crypto world

[bright4mech]

Bitcoin still remains number one, and it can be compare with other Alt-coin in the crypto community, And it keep leading in coin market cap as number, Hence is BTC has more prospect in future. 

[imstillthebest]

It seems like investors prefer Bitcoin right now, because of uncertain market conditions.

speaking of uncertainty i bet bitcoin is the number one because btc is the most volatile crypto but why many people still prefer it  over those other coins that are more stable  ?  maybe because they believe that more risk means more reward which seems to be true to some .

bitcoin is the safest coin in cryptocurrency, so not a few are converting it to bitcoin. we see many altcoins are suffering from a decline, but bitcoin is stable and even green

all coins were actually suffering . they sometimes decline but bitcoin as i said earlier is not so stable but altcoins are but still bitcoin is consider to be one of the safest coin  .

[stadus]

Bitcoin still remains number one, and it can be compare with other Alt-coin in the crypto community, And it keep leading in coin market cap as number, Hence is BTC has more prospect in future. 

Obviously it will not be in the number 1 spot if it has no good future waiting for it.
Bitcoin has been dominating the market ever since, and it was not dethrone yet as the king in the market, and as the market continues to exist, bitcoin dominant keep increasing as well, which makes it the most promising and the most strong coins, that's why investors chooses it over altcoins when the overall market is bad.

[Baofeng]

Current BTC Dominance:  69.4%.

I'm not sure if we have seen this kind of numbers in the past years. But it only indicates that bitcoin is really on top of the game as investors are still flocking into the market. And specially that the price seems to recover from the last all-time-high, I wouldn't be surprise to see the price will hover around the 60% and altcoin market continues to bleed. What more intriguing is that we are not yet in the bull-run, so imagine what will be the number in the next coming months.

[Vishnu.Reang]

Current BTC Dominance:  69.4%.

I'm not sure if we have seen this kind of numbers in the past years. But it only indicates that bitcoin is really on top of the game as investors are still flocking into the market. And specially that the price seems to recover from the last all-time-high, I wouldn't be surprise to see the price will hover around the 60% and altcoin market continues to bleed. What more intriguing is that we are not yet in the bull-run, so imagine what will be the number in the next coming months.

Those figures were last seen at least two years back. If the trends continue, I won't be surprised to see a Bitcoin dominance of 75% or even 80% by the end of this year. One important thing to note here is that the altcoin prices are going down not just against Bitcoin, but also against the United States Dollar. During the past two months, most of them have gone down as much as 40% against the USD.

[Michael71]

The Bitcoin dominance is not a problem.

There is an intense competition in the crypto environment, and Bitcoin shows its strength as the first and most popular cryptocurrency.

When more and more coins are created and become popular, the Bitcoin dominance will eventually disappear.

[DOPECOINRULES]

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%
[/quote

''Bitcoins Dominance'' will one reach zero- reason being it was never researched properly before it went live- hence the ridiculous forks and other coins being used to scam us-
 Mining Pools should of been regulated- now we have multi billionaires mining & manipulating what thet want.
my personal opinion when a coin forks the original should die simple- i could go on but you can guess the rest of it for me]

[Naida_BR]

The Bitcoin dominance is not a problem.

There is an intense competition in the crypto environment, and Bitcoin shows its strength as the first and most popular cryptocurrency.

When more and more coins are created and become popular, the Bitcoin dominance will eventually disappear.

There are already many popular cryptocurrencies in the market with real use cases.
Still, they struggle to increase their market share and Bitcoin continues to dominate the market.
If altcoins didn't show that they are alive and investors start to trust them, we are going to have a problem as the market will collapse.

[shoreno]

The Bitcoin dominance is not a problem.

There is an intense competition in the crypto environment, and Bitcoin shows its strength as the first and most popular cryptocurrency.

When more and more coins are created and become popular, the Bitcoin dominance will eventually disappear.

There are already many popular cryptocurrencies in the market with real use cases.
Still, they struggle to increase their market share and Bitcoin continues to dominate the market.
If altcoins didn't show that they are alive and investors start to trust them, we are going to have a problem as the market will collapse.

Yes there are many coins that being created daily some are good but most are not really. People actually purchase them but they prioritze btc and they allocate more percent on btc because btc is the most profitable and the most trusted among all  .

 we are sure that btc will remain even others are collapsing  if ever there is a major problem on the market of cryptos  . this why btc will continue to riegn its dominance 

[Red-Apple]

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.

[nankers]

it depends on how you define "dominance"!

- the flawed way that a website made popular is using market capitalization. it is flawed because it doesn't consider the "real supply" of different coins and also it is using a characteristic that doesn't belong to this market (it belongs to stocks). i posted some numbers here which you can see for more details: https://bitcointalk.org/index.php?topic=5158938.msg51618134#msg51618134
but basically 60% ish is the ratio of 17 million coins versus 12,000,000 million coins!

Code:

        17,000,000
12,000,000,000,000 /
----------------------------
60%!!!

this "gap" you are talking about here, is not going to be filled by this percentage. even if bitcoins so called "dominance" dropped to 10% or rose to 99.99% it still wouldn't change a thing. the real dominance is the adoption and usage of coins in real world. to put simply, bitcoin has it and others don't.

I personally agree with you sir. I do not agree if seeing the dominance of Bitcoin only through the public market because as many people already know, Bitcoin Trading Volume in many exchanges is fake. Many sources say this news, one of which came from Forbes
https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-reported-bitcoin-trading-volume-is-fake-says-bitwise/#f1be99767175

[putukin]

Bitcoin dominates because the coin is used for trading because of its high cost. Other coins have narrow functionality, so that's why not many people use them. Perhaps Ethereum will have a chance to catch up with Bitcoin, but for this Vitalik Buterin should create an ingenious product like a smart contract was created