Are Altcoins getting Boycotted?

[giammangiato]

I think BTC's dominance recently has been due to the halving, once the hype dies down, I'd expect altcoin popularity to rise again

Now people are only interested in the good altcoins and bitcoin in this market, it makes the altcoins outside the top 100 have no liquidity like before. So the dominance of bitcoin is increasing and there is no sign of going down. In the future I think bitcoin's dominance will continue to rise

Mostly people interested in major altcoins but some may still play with crap altcoins consider taking the advantage from the pump that happened periodically. From what you are saying have proven if altcoin is not boycotted and it will never happen for sure.

Yes I think the same, Altcoins will never be boycotted. There are good coins and meme coins I invest in both but only the 30% in memes because it's very risky but you can also do good gains. Btw invest in the top 50 alts on CMC is always a good method for evitate scams

[Mammothcoin]

Although the Bitcoin dominance is presently dropping, many people are still more comfortable with buying bitcoin than investing in altcoins. As a result, only when alts gather attention and look primed for a rally do people decide to buy them. Hence the seeming boycott of alts.

[shinratensei_]

Although the Bitcoin dominance is presently dropping, many people are still more comfortable with buying bitcoin than investing in altcoins. As a result, only when alts gather attention and look primed for a rally do people decide to buy them. Hence the seeming boycott of alts.

Is not it the decrease in bitcoin dominance has proven if people were not boycotting altcoins and this was never happening. People just spread the fake rumour about that and altcoins were never getting banned.
I never heard this since a long time ago.

[shaheer001]

The Binance dominance above 65% shows that the investors making mind that Bitcoin will go up in Q4 2020, AS every year at the end of the year the Bitcoin investment increased due to some bull run predictions as usual by some big whales.

[Vishnu.Reang]

The Binance dominance above 65% shows that the investors making mind that Bitcoin will go up in Q4 2020, AS every year at the end of the year the Bitcoin investment increased due to some bull run predictions as usual by some big whales.

From where did you got the 65% figure? The last time we had that high Bitcoin dominance was more than a month back. Now the market share of Bitcoin is down to 62.2%, as per Coinmarketcap. And this represents a 5% drop from the levels we had during the block reward halving (67%). There are two major factors responsible for this decline. First of all, Tether and some of the other stablecoins have increased their circulating supply. And secondly, some of the second tier alts, such as Cardano and Chainlink are witnessing a big spike in their exchange rates.

[Argoo]

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?

Now the dominance of bitcoin is 62.2 percent, despite the fact that participants in the cryptocurrency market are preparing for an increase in prices in this market, and primarily the rise in the price of bitcoin. Altcoins are now continuing to develop and, apparently, their functional diversity is still becoming interesting to people. In my opinion, this is very good. This is a guarantee that cryptocurrency will gradually enter our lives.

[iTradeChips]

Although Bitcoin's dominance in the market is inevitable, I think many people are still trusting and investing heavily on the major altcoins. Remember was have many stable and more trusting coins, other than Bitcoin, and we have been using them for a long time. If you look at the top 30 cryptocurrencies right now, most of them have been with us for many years. So I don't think there is a conspiracy that these altcoins are being deliberately ignored or boycotted. It is just how the market works.

[Blue_oxen]

Although Bitcoin's dominance in the market is inevitable, I think many people are still trusting and investing heavily on the major altcoins. Remember was have many stable and more trusting coins, other than Bitcoin, and we have been using them for a long time. If you look at the top 30 cryptocurrencies right now, most of them have been with us for many years. So I don't think there is a conspiracy that these altcoins are being deliberately ignored or boycotted. It is just how the market works.

You're right. People tend to invest in something that has a lot of reputation and credits. Therefore, those top coins right now are usually the coins that have been around the market for years. It's not easy for an altcoin to join in that list, though, it's still possible. There are some altcoins that incredibly pumps and keep doing good works, soon enough they will gain our trust. All they need is just working hard and time.

[joshua123]

The Binance dominance above 65% shows that the investors making mind that Bitcoin will go up in Q4 2020, AS every year at the end of the year the Bitcoin investment increased due to some bull run predictions as usual by some big whales.

It will always be like that. Aside from bitcoin no other coin that can reaches close to this, maybe for ethereum but it still to early to say that. They fueling the defi system and this could boost their marketcap. And also there are few numbers of project becoming more interested on defi means there is a chance for altcoin to improve without relying too much on bitcoin.

[poodle63]

The Binance dominance above 65% shows that the investors making mind that Bitcoin will go up in Q4 2020, AS every year at the end of the year the Bitcoin investment increased due to some bull run predictions as usual by some big whales.

It will always be like that. Aside from bitcoin no other coin that can reaches close to this, maybe for ethereum but it still to early to say that. They fueling the defi system and this could boost their marketcap. And also there are few numbers of project becoming more interested on defi means there is a chance for altcoin to improve without relying too much on bitcoin.

Basically, the topic that has already discussed before was BS and why, the creator was saying that something looks strange when he could still check the existence of altcoins on the CMC or various exchange site.
Only scam altcoins will be boycotted and the trusted coin will remain the same on its place.

[pedpedped101]

Although the Bitcoin dominance is presently dropping, many people are still more comfortable with buying bitcoin than investing in altcoins. As a result, only when alts gather attention and look primed for a rally do people decide to buy them. Hence the seeming boycott of alts.

Is not it the decrease in bitcoin dominance has proven if people were not boycotting altcoins and this was never happening. People just spread the fake rumour about that and altcoins were never getting banned.
I never heard this since a long time ago.

Even if investors are holding and still investing in bitcoin, it now obvious that altcoins are gradually dominating as the dominance of bitcoins reducing. The focus is more on ETH and other altcoin are also gaining recognition.
This is no longer a rumour, it's the reality.

[novaprime]

Although Bitcoin's dominance in the market is inevitable, I think many people are still trusting and investing heavily on the major altcoins. Remember was have many stable and more trusting coins, other than Bitcoin, and we have been using them for a long time. If you look at the top 30 cryptocurrencies right now, most of them have been with us for many years. So I don't think there is a conspiracy that these altcoins are being deliberately ignored or boycotted. It is just how the market works.

You're right. People tend to invest in something that has a lot of reputation and credits. Therefore, those top coins right now are usually the coins that have been around the market for years. It's not easy for an altcoin to join in that list, though, it's still possible. There are some altcoins that incredibly pumps and keep doing good works, soon enough they will gain our trust. All they need is just working hard and time.

I think investors will tend to invest in new things and new coins are often the first option that they are interested in investing. In my opinion, any altcoin will be risky when you choose to invest so I'm not sure you can make a good profit from that coin. It may be a good time to consider investing in this phase, but be careful as there are many market traps that can cost you money at any time.

[Eddyc]

It's more than clear that there is a certain type of interest from Bitcoin mass detainers and other institutions to generate this type of feeling and view of reality. Therefore, the altcoin market depends on large movements to generate some type of movement in altcoins. The monetary result of altcoins is summed up in the valuation of Bitcoin.

[gikere]

I think people are not easily trusting like before as not many new altcoin projects good enough. Old altcoin projects already have a hard time keeping their investors to believe in them. So a market like that, Bitcoin dominance is not unexpected.

[ZincUnrated]

Not necessarily altcoins but half baked projects and redundant projects with no value to offer. The crypto industry and market has been littered with these kinds of projects bringing about a loss of interest in most altcoins and attention shifted to the other bigger and more stable cryptocurrencies. It is quite understandable that people will lose interest in some crypto projects.

[IvugeoEvolutionCoin]

Not necessarily altcoins but half baked projects and redundant projects with no value to offer. The crypto industry and market has been littered with these kinds of projects bringing about a loss of interest in most altcoins and attention shifted to the other bigger and more stable cryptocurrencies. It is quite understandable that people will lose interest in some crypto projects.

Very nice point mate, too many baseless altcoin projects already yet we still face scalability issues and other drawbacks hindering blockchain/crypto mass adoption. Imagine some new projects copying Whitepaper, what then can such a project offer? Such projects over time will be extinct since they add no value. Some good altcoin projects like LINK have been really cool with development, hence can't be boycotted.

[Google+]

Although the Bitcoin dominance is presently dropping, many people are still more comfortable with buying bitcoin than investing in altcoins. As a result, only when alts gather attention and look primed for a rally do people decide to buy them. Hence the seeming boycott of alts.

That is right people are more comfortable right now about investment, that is why BTC has survived from 9k. It was a bit harder to reach 10k, but after reached this price it would be easy for BTC to reach 11k and l think it will be 12k in the near future. This event has also affected the price of other cryptocurrencies. You can see ETH and others, ETH shows right now 40% more than own early price. l hope it will keep going on till the end of the year.

take it easy when the price increase of cryptocurrency has seen price increases from top ranking coins, good news and the existence of new projects such as DeFi and new developments such as the Ethereum 2.0 project will have a good effect on cryptocurrency price movements which will always have price increases.

[erikoy]

Not really here in the forum and they were too many of them here to get rid of in the first place. For now, precautionary measures is the best way to get scam or involve in joining projects that could waste time and resources.

Some were still positive on altcoins especially on establish already. Even myself holding altcoins like ether and ripple. I have high hopes on this coin that someday these two coins can go high and earn high in it.

[Blue_oxen]

Although the Bitcoin dominance is presently dropping, many people are still more comfortable with buying bitcoin than investing in altcoins. As a result, only when alts gather attention and look primed for a rally do people decide to buy them. Hence the seeming boycott of alts.

That is right people are more comfortable right now about investment, that is why BTC has survived from 9k. It was a bit harder to reach 10k, but after reached this price it would be easy for BTC to reach 11k and l think it will be 12k in the near future. This event has also affected the price of other cryptocurrencies. You can see ETH and others, ETH shows right now 40% more than own early price. l hope it will keep going on till the end of the year.

Yeah, this is true! People are more comfortable to invest in those familiar and big coins such as BTC or ETH. The reason is that these investment offers them a feeling of safe and secure. Furthermore, consider this market's current condition, BTC and ETH is pumping. People are expecting for a bullish season that will be triggered by the launching of ETH 2.0. Let's see how the market works out!

[olamidey]

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.

Bitcoin has majorly been the major investment coin followed by Ethereum. Altcoins will always be altcoins and can never replace bitcoins as investments. They most times ride on BTC price highs. Most altcoins are paired against BTC on exchanges and that greatly determine their volume band interest. Bitcoin bans Ethereum are seen to be safe and reliable which shows why people invest in them more.

However, there are some useless altcoins developed by teams for the purpose of making money and dumping on investors. These type of altcoins copy Whitepapers word for word and at the end, investors are left with unexplainable losses .

I still have some tier one altcoins for the purpose of trading and getting profits not really investment