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Author Topic: Impact of Bitcoin growing Dominance on the Crypto space  (Read 395 times)
jarhed
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October 20, 2019, 08:25:06 AM
 #41

The major impact you can see with the rise of bitcoin dominance in market is the expected price drop of altcoins.Whenever bitcoins dominance rise altcoins go on a bloodbath and vice versa happen when bitcoins dominance go low

I agree with you. But on another be and not can. Altcoins occupy a niche and everyone who invests in them should understand the risks he is taking
When prices for Altcoins fell on average 20 times, then the risks of investing in these coins fell several times. I think that you can invest in Altcoins at the current price.
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October 23, 2019, 04:55:42 AM
 #42

Btc dominance has overshadowed all other alts without a doubt, and from the look of things it seems this will continue for sometime, it seems as if the demand for btc keeps increasing as new investors put in money in the market, people trust their investment on btc than other alts hence the continue dominance.
Honestly, I do not like the tough price dominance of bitcoin in the cryptocurrency market. Of course, there are many useless altcoins on the market, but I would prefer that each of them develop without such dominance. Now, even the best altcoin projects have been in a price decline for almost two years due to bitcoin. Because of this, many began to lose their general interest in cryptocurrency. I think that the price dominance of bitcoin will not last long anyway. The cryptocurrency market will find a way to harmonize the relations of its participants.

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Shasha80
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October 23, 2019, 05:27:01 AM
 #43

The impact of bitcoin growing dominance on the crypto can make the altcoin market go down and bloodbath, which will later
increase shitcoins and dead coins.Then it can cause a bull run. What makes a lot of people disappointed with bitcoin being more
dominant is that people can only invest in it bitcoin, then with assets in altcoin the price will be destroyed, and can't do daily trading.
But in my opinion don't be too dominant bitcoin will be no trading activity for altcoins. Because the price will be destroyed.

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October 23, 2019, 05:31:56 AM
 #44

Nope, bitcoin dominance increase or decrease not growing, dominance does nothing to represent bitcoin liquidity, it just a metric of bitcoin market capitalization to show how popular investing in bitcoin compared to other altcoins in the crypto market. Just for reference to provide an easy and quick overview of bitcoin.
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October 23, 2019, 06:19:37 AM
 #45

Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded  or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.
When bitcoin dominance altcoin price will go down, most than last three months bitcoin always dominance in exchange market with 70% and do not give place for altcoin to raise higher price, less dominance with altcoin because many investor look invested with bitcoin than invested money with altcoin, less price by altcoin make many investor just interested with bitcoin investment only.

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