Are Altcoins getting Boycotted?

[Aveatrex]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

[mintme.com]

People are afraid to put money into the lottery, which altcoin market right now is.

[leowonderful]

People are just less willing to invest into cryptocurrencies as a whole due to current market conditions, let alone altcoins which are generally more risky than investing in a larger coin like Bitcoin. That's certainly contributing to Bitcoin's rising dominance as money's starting to flow out of alts and back into Bitcoin again. Just seems like there's been less interest from buyers in altcoins over the last few months in general as well, considering BTC dominance was rising even before its USD price started shooting up towards $13k.

[fuer44]

that happens because most of altcoin is indeed in a difficult condition to go up. it is true that bitcoin can always recover quickly even though it has just fallen. but remember, forget altcoin with high prices such as etherum, litecoin and others, there is also altcoin at a low price but actually has a pretty good percentage increase. just call it xrp and doge. if we observe the market, actually xrp always puts pressure on the pump upward during this bear market period. so to be more visible, we do have to see the highest altcoin to go up.

[ajiz138]

Domination is indeed very high for now. But the altcoin market will adjust if bitcoin dominance decreases gradually. There will be time for altcoin to recover prices. For now the market does not provide more space for altcoin. There are only a few altcoins that survive and remain in demand by investors like ethereum.

[NathanJB]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

Not really. Many altcoins are getting boycotted because they have no growth anymore. That is something majority of the altcoins deserve. But there are also altcoins that are still improving and providing services to the cryptocurrency community. It is not hard to think that the likes of Ethereum is more of an asset than a liability in the crypto community. Bitcoin dominance is prevalent because of its anticipated bull run in the end of 2019 and or the early weeks of 2020.

[shinratensei_]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

It was even touched almost 70% and it was going back again to 65% and that means if altcoins are not yet boycotted. Just because it was getting a little increase in bitcoin's dominance and you can take a conclusion if the altcoin market has already boycotted. you can see that from this chart
https://coinmarketcap.com/charts/#dominance-percentage

People are still buying altcoins for the speculation purpose and only a small percentage that use altcoin as an investment. That's why altcoin was loosing its dominance because people are moving their portfolios to the bitcoin.

[oktana]

year-end momentum is more to unloading containers to rearrange and calculate what traders get throughout the year. so domination is likely to change again.

if dominance turns out to be 50%, then the market will start trying to induce profits with altcoin starting from the top coins as a trigger. It won't be long before bitcoin returns to a new situation. I am not sure that the current dominance is positive, just an ordinary situation that happens every year, very far from opinions about boycotts and so on, will still go down.

[antsam]

For now Bitcoin is a safe choice, investors will definitely want to secure their funds. But I see the movements of some altcoins are still positive, so in my opinion altcoins aren't boycotted but only need time to prove that altcoin is also a good choice

[Rodeo02]

Many people affraid of being lost so they decided to get back to what is the first crypto currency which is bitcoin.
They are not boycotting all altcoin  but the one who has crowdfunding because many people lost with that investment for the past years so they dont want to risk anymore money in it.

[bitcampaign]

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

no need to boycott altcoin just let new users come in the future, i believe it will really come to make altcoin prices recover again like before, but keep in mind bitcoin always has dominance for everything, no need to boycott anything because usually when prices start rising then users will continue to increase, I've seen that before

[huu78]

No need to boycott altcoins for Bitcoins can recover back, usually what happens is where Bitcoin flies altcoins follow. Or now will never happen? Or need an altcoin that always grows new should be at the stop?

[Strongkored]

The cryptocurrency market is not about boycotted or not, but how people can get benefit from owning it and by having Bitcoin they realize that they will benefit compared to altcoin, which is the process of choosing which one will give benefit more difficult because of the large number of choice.
Bitcoin will continue to dominate as long as there is no Altcoin that the market sees has the same potential as Bitcoin or even more.

[Congyang]

altcoin will not be boycotted, it's just that now people are still hesitant to be on altcoin because there is no response to a significant price increase. altcoin will still be there, it's just that investors are waiting for that moment for altcoin to increase and they will be in altcoin again

[Malam90]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

The dominance of Bitcoin has increased in the last 12 months which is not expected for the growth of cryptocurrency. It means that altcoins are becoming worthless gradually which is very bad sign for altcoins. I hope altcoin dominance will increase in the upcoming days.

[JeffBrad12]

Just people are being pessimistic to majority of the altcoins and seeing that most of them are underperforming it does make sense to see the increase of bitcoin dominance to 65% or above. Bitcoin is still the most valuable crypto as of now and a relatively safer than any altcoin ever existed in term of investment so I think it's just the market that decides these alts real value which is actually less than when it got hyped up too much.

[Yaunfitda]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

What do you mean boycotted? Altcoin might be slowing down because of various reasons

(1) altcoin market is down because investors are reluctant and scared to put their hard earn money because of the worsening market conditions

(2) scam projects 90% of them are just running projects that is purely scam

So smart investors are getting into BTC because it is a safe bet for them.

Maybe we will see altcoin season again, but it really depends on bitcoin in the future, specially that bitcoin halving is coming up next year. And I'm sure that when the market conditions improved, many altcoin investors will get back to their favorite pump and dump schem.

[albrots]

Altcoin won't be boycotted, it's just not the time. Altcoin will get a chance when it will rise. Bitcoin dominance is indeed quite high. But we can still invest through popular Altcoins like ethereum, XLM, XRP, DOGE, TRX and many more. Now you will get a cheap price and get a lot of profit when altcoin starts to rise and the price will be stable.

[Aabcde]

I think this has nothing to do with the boycott, because in my understanding the boycott is to refuse cooperation. Does altcoin cooperate with bitcoin? I do not think so. Even if prices are down or up, people will still buy altcoin according to their own understanding. And it will continue like that forever. Because in this case there is definitely an opportunity for them to seek profit. So I don't think this is something that should be thought about seriously. Just relax: D

[BlackFor3st]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

The dominance is very high therefore it is a big fact that most of the investors right now are favoring to bitcoin compare to altcoins but I can say that it will not last long especially if the market will start to recover then other investors will surely shift their investment to other coins/altcoins.

This happening is because of the market condition, if you follow the peak of 2017 then you can say that this happening is absent but right now that we are almost at the bottom then it became present. Let's just hope that we can recover next year so we can see whether the altcoins were being boycotted or not.