BTC is bigger than the rest of the crypto market combined

[bumjae1]

When Ryan Selkis, founder of Messari.io, tweeted the following:

"Nobody outside of "full-time" crypto cares about anything other than BTC.

ETH, XRP, BCH, LTC, EOS are bigger than the rest of the market combined, and BTC is bigger than everything else combined.

This video goes a little bit into deep on that:

https://www.youtube.com/watch?v=AleTHYBRzrA&feature=youtu.be



What are your thoughts and/or opinions?

[1715352367]

1715352367

[1715352367]

1715352367

[1715352367]

1715352367

[flagpara]

We are observing this from Beginning even from when I joined, Bitcoin always has lead value in cryptocurrency. That's called popularity in USA very low percent people didn't hear about Bitcoin and only Ethereum has over 10 percent. I don't invest in any coin where I have no interest and even I don't ever hear.

[Finestream]

That's what I am investing with crypto compared to the stocks in the market because crypto has a great potential and more room to grow.
Imagine if there is a crisis in the world and people who have idea about crypto they know what to do, so crypto is a good invention as we can hedge our money when there is an economic collapse, for example Venezuela with their hyper inflation.

[btc_angela]

I would agree, it we all look at the dominance of bitcoin, it is still over 60%.Which indicates that investors/traders are into bitcoin no matter what cycles we have: bearish or bullish.

And we all know that all Altcoins is being paired with BTC, so that's another sign that everybody cares about BTC because it is the lifeblood of the market.

[tabas]

The market cap of bitcoin is incomparable to any altcoin there. Next is Ethereum but even if we combine all of those alts market cap that were mentioned, they are still no match for bitcoin.
Bitcoin is widely accepted and it's the most in demand crypto so it's the biggest of them all.

[shinratensei_]

When Ryan Selkis, founder of Messari.io, tweeted the following:

"Nobody outside of "full-time" crypto cares about anything other than BTC.

ETH, XRP, BCH, LTC, EOS are bigger than the rest of the market combined, and BTC is bigger than everything else combined.

This video goes a little bit into deep on that:

https://www.youtube.com/watch?v=AleTHYBRzrA&feature=youtu.be



What are your thoughts and/or opinions?

Just got a little bit surprising about that caused by it's just a common thing that everyone in crypto space very well known about that. Look at the market dominance of bitcoin and that's more than enough to say if bitcoin is much better than the combination of all cryptos that available in the market. Just wanna say if it's a little bit too late to say about that.
I believe if what he means about that is based on Mcap valuation. 63% vs 37% and which is bigger? Bitcoin vs the whole of altcoin. Everyone will always say of bitcoin ruler the crypto market anytime.

We are not yet even getting global adoption and we are just about to get started.  

[$crypto$]

The market cap of bitcoin is incomparable to any altcoin there. Next is Ethereum but even if we combine all of those alts market cap that were mentioned, they are still no match for bitcoin.
Bitcoin is widely accepted and it's the most in demand crypto so it's the biggest of them all.

Therefore, bitcoin will be a major factor in the capitalist cryptocurrency, the market is quite large and even different from altcoin below, it indicates that bitcoin has been invested a lot in a long time and of course they believe in the profits that have doubled in this significant time.
Bitcoin is unmatched in the crypto market but people will consider Bitcoin a future coin of great value.

[bgaf]

Bitcoin is the first digital asset ever created and most investors are concern with its price. Imagine if its price started to crumble and go down? How will the market survive in a bearish sentiment? Ive been doing crypto for a long time and as far as I can see btc is the only one that ever progress or leap far in terms of development. Altcoins are also improving its just that investors and traders keep supporting btc no matter what the market scenario it is.

[BlackFor3st]

When Ryan Selkis, founder of Messari.io, tweeted the following:

"Nobody outside of "full-time" crypto cares about anything other than BTC.

ETH, XRP, BCH, LTC, EOS are bigger than the rest of the market combined, and BTC is bigger than everything else combined.

This video goes a little bit into deep on that:

https://www.youtube.com/watch?v=AleTHYBRzrA&feature=youtu.be



What are your thoughts and/or opinions?

Yes he is right, if you are going to look for the market capitalization and the bitcoin dominance then bitcoin is still top even if all the other currencies will be put together. But with this statement "Nobody outside of "full-time" crypto cares about anything other than BTC.", I completely disagree with it as you can see that other currencies are doing well because there are demands and investors are putting their money to it aside from bitcoin.

And there is still a possibility that other currencies will overtake bitcoin someday especially that there are plenty of disadvantages of bitcoin right now especially it's transaction time and fees.

[Furryball]

Its not like before anymore, many coins are on people's lips now, ripple, Ethereum and bitcoin cash are popular as well but bitcoin is still the king of value in crypto space, no coin is going to achieve what bitcoin have achieved so far

[bering]

I think those tweets were very make sense and what cryptocurrency would be without bitcoin and most of crypto users very concern to see bitcoin development more than altcoins and if the price of bitcoin increase rapidly then people will be talking about it and dare to invest more to bitcoin only with very excited so i will very agree with him says that bitcoin is bigger than every current altcoin and will always be remain just like that

[Farma]

one thing that I think about is that he realizes that bitcoin is better than all altcoin. I also think that, however, I think that using altcoin can make the bitcoin that we have to grow. in addition, some people who own altcoin aim to use their altcoins to increase the amount of bitcoin, for example, such as holding ethereum to the price of 0.05 bitcoin.

[coinfinger]

So what is the point of this discussion? We all know how bigger BTC markets are and how other altcoins are doing. Moreover, altcoins are getting their value only because of BTC.

Altcoins will never get chances to beat BTC market by any means because altcoins may come and go whereas bitcoin is strongly staying for last 10 years and growing slowly which is the thing is completely missing out in most of the altcoins. I mean to say there is no use-case for most of the altcoins, they are simply getting their value from speculative investors.

[Novatech8]

Bitcoin is the first and its more trusted coin than others, better community support and that's why it has the highest trading volume, the best coin is still Bitcoin and it will remain so for long time to come, its usefulness is like no other and traders like me use only BTC/USDT pair only, so why won't people keep talking about the best coin?

[leea-1334]

Of course he is right. The only people other than project founders and speculators who follow alts are just those who do not understand crypto full time enough to know that Bitcoin is all that matters in the big picture. Everything else is an even bigger experiment than Bitcoin! This is the fact we have to accept.

[ameliana]

My opinion is quite simple, that bitcoin is the main coin in the cryptoqurrency industry and has a high selling price. on the other hand bitcoin is also profitable for investment in the long and short term, or more precisely when the price of 1 BTC which peaked in the range of $ 20K in 2017, made most new investors interested in taking part in it, including investing in BTC.

[mahilchii]

We everyone know Bitcoin is the king of crypto market as it less volatile compared to other crypto also a safest investment in crypto market till date. At the same time altcoins are high volatile which is really worth for short term investment, well this is all the nature of crypto trading It cannot be compared with altcoins because of its high dominance in crypto sphere.

[awakpane]

Right. Indeed, BTC is bigger than other crypto markets, because BTC is the parent of altcoin, and also BTC has a limited supply so prices tend to jack up on the crypto market.

[omone1]

Bitcoin controls the market, when it's dumping, the whole market falls too, if it's aggressively mooning, other market bows as traders join in FOMO. Its market is bigger than all the market combined. All projects that threatened to replace or displace bitcoin are all dead. When you want to introduce someone to crypto, tell them to buy bitcoin, they can learn alt-coin on their own.

[mu_enrico]

That's true. Currently, BTC is the king.

By the way, what "full-time" crypto even means? Full-time trading, full-time shilling, or full-time developers? A lot of altcoin developers care about their system.

Crypto is a new "industry" that may be more unpredictable than you think. Let's wait and see what will happen with all the entertainment (dramas) provided in this space.