Bitcoin market dominance, Good for altcoins or Not

[breathlessz]

I think this makes the parameters, with the greatest liquidity and far adrift from their closest rivals, the logic of bitcoin being the most trusted by investors. I think this is what makes bitcoin go up on its own, without being followed by altcoin, and without trust, altcoin is hard to up like bitcoin

[mr_random]

Unless the market decides the fair price, the BTC dominance will dictate the price of the altcoins. Active markets are traded with Bitcoin pairs and there is no another option considering the current market situation. Supply and demand increase the market dominance of the Bitcoin. The dominance problem still exists in the bear market but we don't feel its existence as much as in the bull market. Altcoin traders can't scalp the small market flows, so they look for alternative trade options.

[d_fitrie]

The level of bitcoin market dominance continues to increase, and this causes altcoin to go down and difficult to pump, hoping that market dominance returns stable so that it allows altcoin to go to the moon.

[cryptofirm]

of course this situations is not good for altcoins my friend
because a lot of people move their money from alts to bitcoin now

[leea-1334]

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.

Exactly. Bitcoin is the only coin that has 100% proven itself to be resilient and to be the only coin that maintains a use and a strong community who have everything invested in it. Very few altcoins have it and those who do will not have the same level of passion, level of use, even level of security in terms of hashrate.

Price is a reflection of that and we have to deal with it.

[poornamelessme]

High BTC dominance is of course pretty bad for the alt market. One just has to look at the prices compared to like 2 months ago to see that.

As for it reversing, it's of course possible. Basically if BTC falls back and consolidates, and whales feel they can make more in alts than BTC, money will move back to alts.

I find it weird sometimes when BTC holders think super high BTC dominance is a good thing. Now it's good in the short term, but long term it kind of kills most crypto hype  ( and BTC trading volume too). And that doesn't count any tech advances in crypto, which tend to occur in alts, not BTC ... no alt market means little incentive for coins to introduce anything innovative or new.

[No Pain No blood]

if the market is in a bull market, the dominance of bitcoin is good for altcoin. but on the contrary if the bear market, this will only make altcoin worse off.

basically people only invest in crypto trading and nobody really holds coins. so every time bitcoin moves altitude will be affected. as now bitcoin is undergoing correction making altcoin red. and when bitcoin is good, altcoin capitalization also increases because of the average altcoin pairs with bitcoin.

[(o)(o)ilikeboobs(o)(o)]

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.

I don't think it's a bad news for altcoins. But anyway. Still a very struggling time for them. And for cryptocurrency cause of too long down time for most of them
But I Believe which aim for good purposes would standstill. After 10 years, this is not bad for a new market. They have prety much potential.

[jazmuzika217]

I think this is not good for the altcoin's price. We can say that every crypto's value are always moving but if we talk about bitcoin's price that will increase this is the time that people will have a panic buying to buy bitcoin because they hoping for the bullrun so they dont buy altcoin and worst they will dump their altcoin to buy and invest at bitcoin.

[NoirSuccubus]

Why do so many people talk about the death of altcoins? Bitcoin dominance will go down and everything will be fine, stop panic.

[Flooks]

Why do so many people talk about the death of altcoins? Bitcoin dominance will go down and everything will be fine, stop panic.

I am also sure that this is a manipulation of the situation and Bitcoin is now overvalued for its domination. I think that we will soon see a fall in the dominance of Bitcon to the level of 45-50%.