At which price will loose Bitcoin the dominance in the Crypto Market?

[ifinta]

Some opinion about the actual market situation:

I'm betting you're right. Altcoins I'm watching are showing lots of strength against BTC. Ethereum is looking especially strong.

Alt-BTC pairs have probably already completed the earliest phases of a Wyckoff accumulation schematic. Now we're looking for a "sign of strength" to indicate a new uptrend. Something along the lines of what we saw in the first 2 weeks of January in 2017:

Many thanks. You think a similarity (in technical viewpoint) as I see (from my fundamental viewpoint) with early 2017...... Here is the diagram:



1. accumulation phase, to have i.e. BTC's to "drop" or "invest" later...
2. the "attack". a try to break the dominance of BTC agains other crypto's (three main competitors at THAT time: USD, ETH, XRP ... I don't write for Tether: USDT, because the truth is USD with the FED of the USA)

We have 5 weeks or 7 weeks before ETH breaks the dominance of BTC? We are ahead of an interesting time I think. Be strong. Hold your coins

[hugeblack]

Dominance is a measure of trust in altcoins and is not directly related to price but has an indirect effect.
The reason for the decline at this moment may be due to a rise in ETH, the price has risen in the past days and therefore people may find some gains in altcoins instead of BTC.

Regarding the price relationship, I don't think the impact is directly but the effect is through profits.

[oaz7t]

I am pretty sure that I have seen such kind of waves coming in the past and hitting the bitcoin stability. I guess it is not worth to compare the prices of bitcoin and its dominance with altcoins. Once in a while there will be always a wave where altcoins are taking over and huge money is being spent to them and not to the bitcoin. Usually general investors try to gain money by selling their bitcoin for buying altcoin for temporary trades. This then creates a scenario where altcoins are more stronger. For example if you watch ETH right now then there is 8.04% of hike in just 24 hours as compared to the bitcoin which has got only 0.08% so far.

But obviously that is all because of temporary buys and sells in the sake of quick profit making.

I believe it will reverse in few days or in lesser time and bitcoin will regain the original dominance which is not fixed by the way.

[1Referee]

Meh. When Bitcoin is gaining market cap dominance people trash talk altcoins, but the moment altcoins are making a bounce up Bitcoin suddenly is losing credits?

It's just common sense that nothing goes up endlessly, and nothing goes down endlessly. A lot is going to depend on what Bitcoin will do this month, and then I'm referring to what direction it will break out. It's going to be a massive move, but one that might potentially upset a lot of people and fuel altcoins even further.

I'll keep an eye on what's going to happen, but the moment I notice that altcoins are gaining fuel by capital exiting Bitcoin (i.e. a downwards break of the triangular pattern), I'll long one or two alts on Bitmex.

[mu_enrico]

IMO BTC dominance is not related to the price, but the trend/hype on altcoin. In 2017/2018 ICOs powered by ETH sucked money from investors. Since the majority was a scam, then reality check hit investors hard, the money then fleed back to BTC.

BTC dominance can decrease if there is a legit cryptocurrency that is better than BTC, which is none at the moment, and I doubt there will be one that better than BTC.

[beerlover]

If you mean some other currency will have the dominance over bitcoin, that will never happen. We are talking about a currency (bitcoin) that literally held 70% of ALL market and than rest of ALL coins combined together made just 30% of it. So, as you can see there is literally no way that just one currency can beat bitcoin dominance all by itself. However, if you mean when will bitcoin go under 50% than it must be easy, not too easy of course like anything worth doing but its still easier than one currency beating bitcoin in dominance.

I would highly expect to see bitcoin to drop under 50% though, altcoins have been in a bear slumber for a long time and that has cost people a lot of money and we have been waiting for an altcoin run for so long, we had a short quick burst recently but we hope for a lot more.

[mersal]

IMO,it will holds its position forever,if the bitcoin loses the dominance means then I don't expect the crypto market to survive.But how someone can relate the prices with dominance,I don't consider it is not the point of measure to any decentralized thing.

[Febo]

At which price will loose Bitcoin the dominance in the Crypto Market?

Coinmarketcap marketcap have little meaning. On that list are all kinds of cons, tokens securities, ... Everything and they simply cant be compared. Bitcoin can have 15 dominance but that would not change anything. It would still be most used currency.   On CMC coins like Bitcoin are Litecon and then Monero. BCH And BSV are also same, just that since so many did not claimed the coins its marketcap is way to inflated. The rest are non mineable or were started in ICO. You cant compare something that is made while burning electricity with something that they just print few billions.

[blueteam09]

I predict Bitcoin at $ 30,000 - $ 50,000 will be the most stable price. When Bitcoin has a rate that exceeds the target I set for a bubble effect, it could explode and repeat the worst history that took place in 2018. I believe Bitcoin price is most stable when it is lower. $ 50,000, this is the scenario I came up with.

[hatshepsut93]

Bitcoin will start losing dominance if people will suddenly feel like throwing a ton of money on every altcoin out there, like it happened in 2017. I'd say It won't happen again, because too many people got burned, with hundreds of shitcoins going to zero. Maybe ETH and some other coins will regain a bit of their past dominance, because people want to gamble with altcoins a bit, but I don't think Bitcoin will dip below 50% dominance ever again.

[vintages]

I don't think it has to do with price but trust, most crypto investors trust Bitcoin so much that they believe that any dip price it experience will surely pump up in a matter of time. The day Bitcoin will loose it dominance ability is the day people have lost trust in it.
Not sure what might trigger this mistrust, but it will be a time Bitcoin will cease to exist.
Probably, another cryptocurrency or altcoins will dominate or go down the drainage with it.

[ralle14]

I predict Bitcoin at $ 30,000 - $ 50,000 will be the most stable price. When Bitcoin has a rate that exceeds the target I set for a bubble effect, it could explode and repeat the worst history that took place in 2018. I believe Bitcoin price is most stable when it is lower. $ 50,000, this is the scenario I came up with.

Bitcoin could be at any price range, crash, dip and still maintain its high dominance against other altcoins.

The meaning of dominance on cryptocurrencies is different for others but if we're following the dominance on coinmarketcap my vote is on the lowest price on the poll because that could be the time where there's a better altcoin. I wanted to vote on never but eventually the cryptocurrency market will change and it could be unexpected..

[Janation]

IMO,it will holds its position forever,if the bitcoin loses the dominance means then I don't expect the crypto market to survive. But how someone can relate the prices with dominance,I don't consider it is not the point of measure to any decentralized thing.

There are a lot of cryptocurrencies out, we never know what might happen.

But I don't think Bitcoin will be dominated just like that.

Despite the fact that there are thousands of good cryptocurrencies better than Bitcoin itself, there are a lot of investors, a lot of people wanting to get a profit from it. With a lot of supporters and it is the most popular and expensive crypto, I don't think they could drop Bitcoin that easily.

[Periodik]

For as long as the altcoins are composed mostly of shitcoins, Bitcoin dominance will remain 50% or more regardless of the price of Bitcoin. The altcoins may be reaching thousands and thousands in numbers but it does not mean that the dominance of Bitcoin will decrease. Investors are wise enough to choose the best coin. And more than any altcoin, Bitcoin is the best option. Some altcoins are rising because many investors are diversifying. But this diversification is not reaching all throughout the majority of the altcoins. Mostly, only the top altcoins are reached.

[Tylev]

Bitcoin's price dominance will disappear when its price roughly equals that of other cryptocurrencies. Their prices are changing, so it makes no sense to indicate the specific price of bitcoin at which it will lose its price dominance.
Bitcoin's price dominance will inevitably decrease over time. This will happen as other types of cryptocurrencies develop and as they become known to the public.

[betty11]

The price of bitcoin in dominating the coin market is irrelevant. At any given price, the bitcoin will still lead the market. Let's try to understand this poser "what will be the fate of crytocurrency without the presence of bitcoin?" Bitcoin dictates the market direction.

[Jating]

Bitcoin will start losing dominance if people will suddenly feel like throwing a ton of money on every altcoin out there, like it happened in 2017. I'd say It won't happen again, because too many people got burned, with hundreds of shitcoins going to zero. Maybe ETH and some other coins will regain a bit of their past dominance, because people want to gamble with altcoins a bit, but I don't think Bitcoin will dip below 50% dominance ever again.

Got burned, get out of the market, learn from their experience and now they are smarter and won't just throw their money on every shitcoin being born today. We just have to look at the current state of altcoins, most of them even ETH are still down, while shitcoins remains to be pump and dump.

If we are going to based on the last bull run 45%-47% will likely be a good ball park number. Bitcoin price reach new all time high and altcoin market recovering. But the question is when and if people are willing to shift or throw money again in altcoin market.

[ajaymukund]

when the value of Bitcoin returns below $ 100, that is when it loses the trust of manipulators and investors. Meanwhile, there will definitely be a better and bigger coin to take over the top 1 position that it leaves.
but this is difficult because at CMC, only bitcoin is unmanaged and the halving event happens automatically. That's why its value is always high and hard to beat.

[el kaka22]

Maybe not the exactly same people will come but do not forget that bitcoin gold rush affects altcoins for sure, it always has and it always will. When bitcoin increases as much as it can and the price of bitcoin can't go higher anymore people start to move their money to other coins and then the price of altcoins start to go up.

There is only so much money you can make from investing into bitcoin directly, that is why altcoin investments are still a smart decision, there are some of them that could make x100, I am not saying they will but the potential is there and that is why people invest to those smaller ones, maybe not too much like people make bitcoin investments but even a 100 dollar investment to a small one that could x100 means a 10k profit in the end if you are right, you can't make that type of profit in bitcoin.

[mersal]

IMO,it will holds its position forever,if the bitcoin loses the dominance means then I don't expect the crypto market to survive. But how someone can relate the prices with dominance,I don't consider it is not the point of measure to any decentralized thing.

There are a lot of cryptocurrencies out, we never know what might happen.

But I don't think Bitcoin will be dominated just like that.

Despite the fact that there are thousands of good cryptocurrencies better than Bitcoin itself, there are a lot of investors, a lot of people wanting to get a profit from it. With a lot of supporters and it is the most popular and expensive crypto, I don't think they could drop Bitcoin that easily.

There is no doubt that lot of crypto currencies were available but bitcoin was made first and this is behind all the crypto currencies invention.

Moreover cheap altcoins will get dumped too easily when the prices starts to climb up but bitcoin already passes those stages.