Bitcoin market dominance, Good for altcoins or Not

[BayAngelo]

The cryptomarket keeps on fluctuating with current market cap below 300 billion at the market. the bitcoin market dominance has reach all time high of 68.6% as time of writing. what effect does this have on altcoins. i think think it spell doom for altcoin if bitcoin will dominate the current market leaving the entire altcoins with nothing.

[cichaescut]

Just look at the market and you will answer this question by your own. While BTC is raising in price nearing to hit 12k, all other major altcoins are not moving at all. One month ago ETH was around 300 USD and dropped by 50 percent.

[hiburak]

The bitcoin market dominance will eventually go down. There is no doubt about it. That doesn't mean we will have an alt-season right away. The biggest problem with altcoins are excessive inflation and dilution. It will take time for the market to absorb all that.

[usekevin]

The cryptomarket keeps on fluctuating with current market cap below 300 billion at the market. the bitcoin market dominance has reach all time high of 68.6% as time of writing. what effect does this have on altcoins. i think think it spell doom for altcoin if bitcoin will dominate the current market leaving the entire altcoins with nothing.

Both the positive and negative impacts happens due to the fluctuations in the price of bitcoin.Actually it decide the price of rest altcoins in the market.The dominance of bitcoin will be good to the altcoins.If the price of bitcoin reaches maximum,many will start to inverse on bitcoin and other potential altcoin.

[bitcoin-shark]

unfortunately i do not believe that the growth of the dominance (currently 70%) of bitcoin is good for the altcoin, rather the contrary many will be delisted and will disappear, and the main ones will go down a lot of value...

[cytpoway121]

The cryptomarket keeps on fluctuating with current market cap below 300 billion at the market. the bitcoin market dominance has reach all time high of 68.6% as time of writing. what effect does this have on altcoins. i think think it spell doom for altcoin if bitcoin will dominate the current market leaving the entire altcoins with nothing.

Focusing more on your subject matter; bitcoin dominance is a positive vibe for altcoins but equally a negative influence because the more bitcoin pumps or dumps; it leaves altcoins in a limbo causing drop in prices and panics

[kindbtc]

You are right and this scenario is most like developing where alts can suffer even more but the good thing is that even if the btc continues its uptrend and dominancy in the end the bulls impact of btc will definitely transfer to alts resulting in massive alt boom as well so there is nothing much to worry it is just about being more patient.

[javadsalehi]

The cryptomarket keeps on fluctuating with current market cap below 300 billion at the market. the bitcoin market dominance has reach all time high of 68.6% as time of writing. what effect does this have on altcoins. i think think it spell doom for altcoin if bitcoin will dominate the current market leaving the entire altcoins with nothing.

The all time high dominance of bitcoin is higher. Just look at the charts.
Any way, I remember bitcoin dominance was about 90% l, but altcoins suddenly started to rise. So, everything is possible.

[tycsols]

It does not really matter much because even if the bitcoin dominance grows to over 75 percent but market volume also grows with it then there is no real threat for alts but yes if volume stays the same or lowers while btc dominance increases then it will definitely impact negatively on the peice of altcoins.

[artdisrupt]

The Bitcoin dorminance shows the that Bitcoin is the key leader in the blockchain. The effect of the dorminance have negative impact on altcoin because 99% of altcoin are trade with btc . This dorminance is good for altcoin and Bitcoin get corrected and stabilize ,altcoin will then rise . Only altcoin with use cases will rise, that just my opinion.

[carter34]

Bitcoin creates leadership and control over altcoin and this is why every coin has pair with bitcoin. The dominance makes other coins predictable in the since that, we know that no coin would just fluctuate and go pass bitcoin for now. If there was equal competition, it would have made prediction difficult.

[veleten]

The cryptomarket keeps on fluctuating with current market cap below 300 billion at the market. the bitcoin market dominance has reach all time high of 68.6% as time of writing. what effect does this have on altcoins. i think think it spell doom for altcoin if bitcoin will dominate the current market leaving the entire altcoins with nothing.

on the contrary , bitcoin price increases and it is rising faster than the dominance % in relative figures
this means that alts will eventually increase in price because of this , bitcoin will drag it up
the vast majority of the coins are traded not only against  USD but also against BTC and their value correlated to btc price movement
altcoin prices will rally once the bullish fatigue sets in for bitcoin , this is  working for both  established coins like etherium and litecoin and the relatively unknown shitcoins out of the top 100
at the moment the future so bright for the altcoins , many of them are losing value  lets wait when the bull dust settles
but I see this as the nearly biblical distinction between "clean " and "unclean " alts - the ones that have no substance behind them will continue to lose  value
while the top alts like ripple,eth,ltc will keep up with bitcoin

[torrantz]

bitcoin gets more dominance, that means more people are trusting it and it will change the altcoin holder's opinion. These altcoin holders will start to sell some and move that amounts to the bitcoin.
Altcoin will get less domination that means if the demand for altcoin has already changed to the bitcoin. It's about a suggestion that has been made by the increase of bitcoin domination to the altcoin.

[chanler]

I think that so far, Bitcoin is always dominant than altcoins, moreover, about the price on the market. This first crypto really influences the prices of all altcoins. The volatility of BTC so far sometimes makes the altcoins dropped easily, after increasing a little bit. It is not good. But this is normal and the condition of the exact market. For me, it doesn't matter, if the price of BTC is dominant and stable enough, I believe that the price of altcoins can follow increasing. Hopefully yes.

[patz22]

I am thinking that if btc dominance went up to more than 70% it can be a good sign and might see some sideways on the graph and because of that alts might have pumps and that's what I am waiting for. All of my holdings got rekt and hoping for a come back but still market is unpredictable that we can even see dump within an hour.

[fuer44]

for now the dominance of bitcoin is still not good for altcoin. because altcoin is still showing a declining trend, it can be seen in the big altcoin, etherum. but when referring to the chart in previous years, etherum still has a big chance to go up high by more than $ 1000.

[glendall]

if BTC still dominates market capitalization, then altcoin will be difficult to go to the moon,
because all market references are still based on bitcoin, and whatever happens BTC must dominate at least under 50% of market capitalization so that altcoin can go to the moon.
and of course this also affects the continuity of altcoin in the future.

[thiscomm]

yes indeed the incident always happens throughout the year, BTC continues to rise leaving Altc. but when BTC dropped, altc also dropped. maybe rising BTC prices have an adverse effect on altc prices. I also don't know why it's always like this whether altc might need investment supplies to catch up with BTC. but I think this is just a result of losing popularity between altc and BTC, which makes investors prefer BTC as their best investment place.

[Ta.Form]

Not good for altcoin, but it depends on how you look at it. If you only have a little capital, you better buy bitcoin. And sell when bitcoin dominance is low. Follow the market flow. But if you have a lot of capital, you better buy altcoin gradually.

[jyotianand01]

When Bitcoin market dominance start coming down then altcoins will start their up move. It is very difficult for altcoins to rise till the dominance of bitcoin will not start dropping or stay at any level.