Why is Bitcoin market dominance rising fast?

[crossabdd]

altcoin is a coin variant that was born after bitcoin. altcoin was born from the results of the development of the bitcoin source code. Bitcoin was created early is a pair with USD. thus Bitcoin is by far the largest volume in crypto trading. while altcoin, altcoin developers want to follow the popularity of bitcoin. I don't think the altcoin market will die easily either. but will change from one to the other. if someone dies, someone will be born again.

[Arsenyo]

It's normal that Bitcoin market dominance rising fast. It's happening because of its popularity and value. Bitcoin is the first coin in crypto, it is preferred by most of investors. I am sure bitcoin market will keep dominating as most of altcoins are just a garbage.

[oleg681010]

Because investors trust him and see that it is bitcoin that brings income

[imstillthebest]

Because investors trust him and see that it is bitcoin that brings income

but that is not enough reason on why btc dominates and rise fast because if we take a look around , there are coins that are also trusted and profitable or i can say slight better than btc.   the only advantage of btc to them is i think the time of creation where btc is created too early before anything else. 

its rising fast because btc is consider as an official crypto or the one that represents all of the cryptos.  few markets started to accept btc before and others are following , this is the other reason why its indemand

[BlackFor3st]

Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market.

Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?

So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?

This happening is not normal but with the continuous dominance of bitcoin the other currencies are struggling and some are dying or the team members are leaving the project.

This year, the bitcoin dominance is very high. There is only one reason for it, the big whales are supporting bitcoin compare to other currencies out there therefore the alt-coins were left behind. Let's see if it will continue or other big investors will favor to alt-coins this coming 2020.

[Blackdeath]

Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market.

Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?

So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?

When someone introduces crypto currency to the other person and they have heard crypto the first thing that will come to their mind is the bitcoin. So, no wonder that bitcoin will be the number one and dominates the whole crypto market. Bitcoin has many investors and has a good price in the market.

[Abiky]

I'm not so sure of that. I believe that the dominance metric is taken way out of context---people first claim it's useless when Bitcoin's dominance is low, then when it's going up they start celebrating and trash altcoins.

I know a lot of people want to see altcoins vanish from the market, but that's not going to happen, regardless of how little utility they bring to the table---utility people never cared about with how they only focus on massive pumps.

If you ask why people trade altcoins, in most cases they will tell you to increase their satoshi count. The way altcoins pump and dump makes it very lucrative for traders profit. All they need is a chart. Utility is meaningless.

That's certainly true, mate. Not every altcoin will vanish from the market, as there are a select few altcoins which truly deserved to be mentioned. This is attributed towards their active development, innovation, and most of all, real use cases within the mainstream world. Ethereum is an altcoin which fits the bill nicely. Since Bitcoin lacks smart contract capabilities, Ethereum fills the gap whenever it's necessary. Other altcoins like Dogecoin and perhaps Litecoin, serves as speculative instruments for traders. They allow anyone to earn money easily as they're much more volatile than Bitcoin itself.

As for BTC's market dominance, it greatly depends on how altcoins' prices are within the market. If most altcoins are in a "bloodbath" while Bitcoin is on "the green side", then rest assured that BTC's market dominance will be at an all-time-high. The same thing happens vice versa. One thing for sure, is that Bitcoin's dominance will always be higher than that of altcoins no matter what. This is true because Bitcoin has been able to remain as the world's largest cryptocurrency by market cap for a long time. The only way for Bitcoin's market dominance to go to zero, is if another cryptocurrency takes its place on the market. But we all know that this is very unlikely to happen within the future.

Nonetheless, I believe that investors will continue to find Bitcoin as a more appealing option than altcoins themselves for a very good reason. The stability and security of the pioneer cryptocurrency has made the headlines within the mainstream world. Since it's the first cryptocurrency it comes to attention to any newcomer into crypto, it's no wonder why it's extremely popular nowadays. Just my thoughts

[mauriek]

The dominance of Bitcoin over the market price is indeed very rapid so as to make Altcoin prices become helpless. I have read an article where it said that Altcoin would be obsolete, Because the sophistication of the features provided by Bitcoin is so great that it makes other Altcoins meaningless.

[TinaK]

The dominance of Bitcoin over the market price is indeed very rapid so as to make Altcoin prices become helpless. I have read an article where it said that Altcoin would be obsolete, Because the sophistication of the features provided by Bitcoin is so great that it makes other Altcoins meaningless.

Whenever there is a drastic fall in the altcoin marketplace at the same time you can face the price fall in the Bitcoin and vine will be increased at the same time. Please see the best price using graph available.
According to that you need to do the trading and can make the money out of it.

[atjiat]

The dominance of Bitcoin over the market price is indeed very rapid so as to make Altcoin prices become helpless. I have read an article where it said that Altcoin would be obsolete, Because the sophistication of the features provided by Bitcoin is so great that it makes other Altcoins meaningless.

Whenever there is a drastic fall in the altcoin marketplace at the same time you can face the price fall in the Bitcoin and vine will be increased at the same time. Please see the best price using graph available.
According to that you need to do the trading and can make the money out of it.

The fact is that if you get good results from activities in the cryptocurrency market, then you need to spend a lot of time and maybe even give all your free time to trading, monitoring and analysis.  But many cryptocurrency users want to get a good income and not strain.  Under current conditions in the cryptocurrency market, it is very difficult to get easy mining.

[Magkirap]

Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market.

Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?

So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?

This was not surprising because first of all bitcoin is the pioneer of all cryptocurrencies. Also, all of these is because of the support of the people who are using bitcoin. The more people who use and support bitcoin the more it will be in demand and thus will increase its value.Unlike other crypto, bitcoin already prove its credibility ro people so there is no way for it to be not trusted.

[blckhawk]

I think it's normal. People's mindset about bitcoin is that it's a more stable form of investment and is sure to stay on the market, much more reliable than those altcoins. Also, the market for altcoins is too condensed, too many altcoins are now available on the market, and the demand is distributed to these altcoins. Still though, altcoins play an important role in the market since they open the gateway to trades from alts to bitcoin. Some altcoins may not survive, but most of them will be just fine.

[ashmodeus]

a simple reason, people try to avoid another coins .
people try to left such as 1000x gemstone or another shitcoins like that.
or another reason,
since investor think ICO /IEO or another investement project dont work well like 2016-2017, people looking back to the beginning, bitcoin.
as we see nowdays, btc dominance still strong, i dont think this trend will be end soon.

[jarhed]

I think it's normal. People's mindset about bitcoin is that it's a more stable form of investment and is sure to stay on the market, much more reliable than those altcoins. Also, the market for altcoins is too condensed, too many altcoins are now available on the market, and the demand is distributed to these altcoins. Still though, altcoins play an important role in the market since they open the gateway to trades from alts to bitcoin. Some altcoins may not survive, but most of them will be just fine.

You need to be careful with Altcoins. You always need to analyze the capitalization and price of a coin, its liquidity and trading volumes. Do not rush to invest in Altcoins. First conduct a deep analysis of coin performance.

[cutesgirl]

Rising faster dominance bitcoin on crypto market because bitcoin have stable price, after lower bitcoin can back very fast to higher price, maybe just one or three days bitcoin keep hold with lower price and the can back to higher price, altcoin hard for dominance in crypto market because altcoin never have give best solution after price down we need waiting more than one year for rising up of altcoin price, maybe its why less dominance of altcoin in crypto market.

[Abiky]

I think it's normal. People's mindset about bitcoin is that it's a more stable form of investment and is sure to stay on the market, much more reliable than those altcoins. Also, the market for altcoins is too condensed, too many altcoins are now available on the market, and the demand is distributed to these altcoins. Still though, altcoins play an important role in the market since they open the gateway to trades from alts to bitcoin. Some altcoins may not survive, but most of them will be just fine.

Agree. Bitcoin is much more stable than most altcoins trading on the market today. Despite the price volatility, Bitcoin has managed to remain resilient against external attacks. With an immense hashrate, it's too powerful to take down anytime soon. Bitcoin has a higher degree of development activity and innovation than many of the altcoins we know and love today. For a very good reason, investors have put their faith into Bitcoin than altcoins. The greater its market dominance is, the better it'll be for the pioneer cryptocurrency. This largely reflects the adoption of Bitcoin within the mainstream world.

However, it's not an indication that altcoins will fail in their entirety. I believe that very few altcoins will survive while the rest will go down the drain in the future. Ethereum is one of those altcoins that will continue to deliver as promised for years to come. After all, it's the second largest cryptocurrency by market cap behind Bitcoin. I'd be surprised to see a Bitcoin market dominance of over 90%, while the rest (10%) will be left to altcoins themselves.

In the event that altcoins become viral once more, you could expect Bitcoin's market dominance to decrease a little. But I don't think that Bitcoin will reach a dominance below 50% anytime soon. Only time will tell us what will happen within the crypto space as new ideas and solutions start to blossom. Bitcoin's Lightning Network will be a true game changer, but its success will largely depend on how many people use it within the mainstream world. Just my thoughts

[KnightElite]

Due to the high support of the people to bitcoin, there are altcoins that keep dying. There are many shitcoins in the market and it is really better if we will not buy it. People are more interested in bitcoin than in altcoins. The dominance of the bitcoin is because of the investors who keep patronizing it.

[jarhed]

Due to the high support of the people to bitcoin, there are altcoins that keep dying. There are many shitcoins in the market and it is really better if we will not buy it. People are more interested in bitcoin than in altcoins. The dominance of the bitcoin is because of the investors who keep patronizing it.

You are certainly right that Bitcoin is more popular and reliable. But Altcoins are 1000 times cheaper. This is essentially their pay for the fact that they are not as reliable as Bitcoin.

[jakoylantern]

For me, the acceptance of bitcoin is one of the reasons why some altcoin can't follow the market cup; even they are affordable some user doesn't like the idea to exchange their alt to another crypto then convert/transfer it again to bitcoin, because some altcoins are not acceptable to some sites. Also, it's very distressful because you need to pay some fee just to exchange your alt.   

[Play Royal]

I prefer altcoins at this point as dominance will reduce at some point and we will see alt season, just pick your alts with care as many might bite the dust before it comes.