Bitcoin market dominance, Good for altcoins or Not

[distr@yopmail.com]

actually the dominance of bitcoin trading always happens, and it will definitely give effect to the movement of the crypto market. if the demand from bitcoin is too high and makes altcoin not interested in trading, or there will be a dump for altcoin then it will be bad. altcoin disposal if bitcoin goes up it definitely happens, we won't be able to stem it.

actually such growth is also good for investments that will go into bitcoin, but if there is no emphasis on growth and demand for bitcoin, altcoin could be very bad.

[1714784947]

1714784947

[proTECH77]

I have said this time without number that, Bitcoin dorminance over Altcoins is a good one because this signifies the true meaning if cryptocurrency and the power of the mainstream. This will give the upcoming projects more thoughtful thought to enhance their project in order to be useful to the community and also have a workable product. Many projects lack this and Bitcoin is then taking the advantage of this to dominate.

[timmmers]

Good, if you believe that altcoin season will come. I mean you buy now and sell later.
Bad, if you buy now and altcoins will not go up. Is it possible? Of course, still altcoins in top 100 gained thousands of percents from the beginning (ICO).

[jumiapaul]

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.

There's a consensus that the higher the dominance of Bitcoin on the coin market cap, the worse the value of altcoin. Bitcoin holds a large chunk of the coin market cap and that has been since the beginning of time, I only wish that altcoin could have some breathing space to also witness some increasing pressure.

[DeepChipolino]

All market parameters are oscillatory. The time will come when Bitcoin will lose position to altcoins. It would be nice if this happened because of improving the quality of the average project, and not because of the number of projects.

The dominance of bitcoin shows that investors trust bitcoin more than altcoins. And today we see that the dominance of Bitcoin is 68.4%

It is obvious. And, most likely, for a long time, confidence in Bitcoin will not change.
But in the near future, I hope there will be enough investors who will significantly diversify their portfolios, which will reduce the weight of BTC.

[rachman mahesa]

In my opinion when Bitcoin dominance increased. Certainly altcoin will also do the same thing, like that often happens in the crypto market. The reason is often when Bitcoin increases altcoin will definitely increase too.
CMIIW

[Red-Apple]

All market parameters are oscillatory. The time will come when Bitcoin will lose position to altcoins. It would be nice if this happened because of improving the quality of the average project, and not because of the number of projects.

The dominance of bitcoin shows that investors trust bitcoin more than altcoins. And today we see that the dominance of Bitcoin is 68.4%

It is obvious. And, most likely, for a long time, confidence in Bitcoin will not change.
But in the near future, I hope there will be enough investors who will significantly diversify their portfolios, which will reduce the weight of BTC.

real investors will never invest in any altcoins as long as they remain pump and dump coins. in other words as long as what developers create is junk instead of real cryptocurrencies you can not expect people to treat them any other way, they will also trade them while they get pumped and dump (and abandon them) as soon as they can.

[shoreno]

this issue is not new  . even before bitcoin is already dominating because its obvious that btc has the highest demand and thats why it got a high value righ ? now if your still concern especially this year that btc domination have greatly increased , well i could only say that it brings  a positive impact on the btc hodlers because we all can earn huge profits but this will also become beneficial on other coins because they can sometimes go with flow with btc .

[Questat]

That's the reality now, just accept it, it's just part of the market situation and I know you are here not for short term so expect that soon there will be a market change. Sometimes our expectation does not happen but that does not mean marketcap will stay this low, as long as BTC survives, the market will remain and in time, altcoins will also rise and that BTC dominance does not matter anymore, it only matters now because altcoins are not growing.

[CryptoIyke]

This is a very bad season for altcoins and the btc dominance keeps increasing, not sure about how this has happened in the past where btc increased in dominant this way and later dropped gradually. Now we are not certain if altcoins will ever come back much more attaining all time high as was the case in 2017

[mann1983]

Goldman Sachs Predicts US-China Trade War to Continue into 2020 which might Benefit Bitcoin
The yuan has been depreciating in value versus the dollar a lot of late.
Bitcoin may benefit greatly from the continuation of the trade war and a recession following it
Chinese investors can probably be pumping the bitcoin market

[BlackFor3st]

It has an effect to all the altcoins as the prices of altcoins will remain unbalance compare to the increase of bitcoin price but it doesn't mean also that it is not a good ideato invest in altcoins.

The market is just a little harsh right now but once it will bounce back and the market will start to revive again then altcoins increase of price will surely follow even if the bitcoin market dominance is still there.

[xenomorphe1]

Goldman Sachs Predicts US-China Trade War to Continue into 2020 which might Benefit Bitcoin
The yuan has been depreciating in value versus the dollar a lot of late.
Bitcoin may benefit greatly from the continuation of the trade war and a recession following it
Chinese investors can probably be pumping the bitcoin market

Sorry, but no. They are currently pumping the real Gold and not the fake one. Look at the current price of Gold and you will understand. It is altcoins holders who did pump bitcoin at its current price mainly. If the dominance is not corrected, i predict a big dump of the crypto market as currently price of bitcoin is unstainable.

[Finestream]

The dominance of bitcoin has clearly manifested on altcoins at present. Price of altcoins has not increased as compared to bitcoin.
I think this time bitcoin seasons has taken over the market. Altcoin season will come again.

It's still good to know that there are some potential altcoins that are included in the topmost coins next to bitcoin.So if bitcoin will keep its price increased,chances are good altcoins will start to recover but for those who are considered shitcoins,they will continue to lose their value instead.

[Icologies]

not all the dominance of the good bitcoin market for altcoin is just a few altcoins that follow the development of bitcoin. even so bitcoin is very important to price movements in the market.

[guydin]

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.

With BTC dominance, altcoins do not grow or even fall in price. People see it and start investing in Bitcoin. It becomes even more powerful, while tokes lose a lot. Naturally, it is not a very good situation for alts, but I do not think that it will last for long. I guess Bitcoin dominance will be reduced naturally, and gradually, it will reach 52-55% again.

[forexandcryptoauditor]

Untill altcoins will not prove themselves and users or investors  will not have enough confidence on it, Bitcoin dominance will increase over the period.
This is very much influencing price of  almost all altcoins.

[proTECH77]

Bitcoin market dominance is good for altcoins but at this time only good for BTC becuase most of investors are investing in Bitcoin not in other altcons that's why Bitcoin market dominance is not good for altcoins at this time.

Altcoins have failed so many investors and they are not interested in making their investment into Altcoins but ensuring they investment in Bitcoin. What ever we are seeing now.in this industry is a direct impact of the happens that took place in 2017 to 2018, people invest into Altcoins and at the end disappear to tin air.

[Coltpython]

I do not see how altcoins will survive this brutal dominance from bitcoin's movement. The only positive I take from this is that many shitcoins will die totally before the next alts season leaving only those with real working projects standing

[BayAngelo]

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...

do you know the rate at which new tokens pump out. it is quite unbearable that new altcoins hit markets on a daily base. this is not good to the market. quite disappointing  to most developers. it think what is actually happening with new projects is the rebirth of old and deleted projects by the same owner.