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Author Topic: BTC is bigger than the rest of the crypto market combined  (Read 490 times)
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February 12, 2020, 03:26:06 PM
 #41

if we see the market capitalization of bitcoin (first place) and  Ethereum(second place), there is a difference of $160 billion. It's a very huge gap and not sure it will be filled in the near future. So BTC will be always in a dominating position. And no doubt of its number 1 place for the coming years.

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February 12, 2020, 03:52:25 PM
 #42

Yes, bitcoin is the biggest than the other coins. Ethereum and the other altcoin is big in the altcoin side, but still, bitcoin is the biggest in cryptocurrency. Bitcoin, as the leader in the cryptocurrency, leads the crypto market, and altcoin follows bitcoin price moves. Although the altcoin increase, the increase will not pass with bitcoin price because the altcoin will always behind bitcoin moves. In the altcoin, many coins want to be the leader in the altcoin side, but now, ethereum will be the next after bitcoin.

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February 12, 2020, 05:14:17 PM
 #43

When the whole market goes up, bitcoin has a limit where it can go because in the end the amount of money required to make it higher price gets bigger and bigger, which people realize could go to something that can go even higher.

Making bitcoin go from 20k to 22k is going to be 10% profit and requires insane amount of money whereas making ethereum go from 1000 dollars to 1100 dollars won't be all that expensive, that is why after a certain level people realize its wiser to put money into altcoins to make more profits. That eventually results with bitcoin dominance going down because the price of bitcoin may still go up a bit or stays the same but the altcoin prices suddenly start to skyrocket and that means they will worth more and dominance will fall.

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February 12, 2020, 08:25:51 PM
 #44

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.
Definitely. If it's not for bitcoin, these altcoins will not go up either because the pairs they have is with bitcoin so you can think what exactly can happen if there's no bitcoin.
We can say that there's another one to dominate it and be like the father of these cryptos which is the role of bitcoin today.

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February 12, 2020, 08:44:07 PM
 #45

Facts are facts, and the market caps are undenieable... BTC is the strongest by far, but this do not mean that it will be like that forever, nothing lasts forever and sooner or later things change... but this might not even happen on the next decade... or maybe the susbtitute for BTC is already on the top 100?

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February 12, 2020, 09:02:39 PM
 #46

Of course, all altcoins is an alternative to the Bitcoin blockchain, they competite with it or bring more use cases to the blockchain technology. But, is that really bad? I don´t think so, thanks to altcoins Bitcoin is pushed to be better than anytime before.  Cool

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February 13, 2020, 03:36:38 AM
 #47

Of course, all altcoins is an alternative to the Bitcoin blockchain, they competite with it or bring more use cases to the blockchain technology. But, is that really bad? I don´t think so, thanks to altcoins Bitcoin is pushed to be better than anytime before.  Cool
Altcoin exist caused by the bitcoin source code and bitcoin is mother of crypto. The mother of crypto must have a big valuation compared with altcoin who already exist caused by bitcoin. Altcoin brings a more alternative way for us and it's also a good thing when it comes to the dapps.

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February 13, 2020, 07:45:23 AM
 #48

So what if even all the combined markets of altcoins still lower than btc? Is there anything that brag this that might change the fact that they are all cryptocurrency? Even though btc is far from others, these projects are struggling to get closer but it doesnt necessary means btc is more dominant in terms of technology. Maybe in value it is, but look around you, not all investors only buying btc but other potential coins too such as eth and xrp.

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February 13, 2020, 09:37:36 AM
 #49

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
 

 But people tend to go back to the "major coin" and that is Bitcoin. No matter how many coins investors are gladly to invest bitcoin will be the master of them all. It's because it already acquired amd achieved good reputation. There are some glitches but Bitcoin will always be on the top one. Countless times did the altcoins been compared with bitcoin with speculations that they'll gonna replace it but at the end of the day, Bitcoin will be the first choice of an investor.
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February 13, 2020, 09:46:37 AM
 #50

Cryptocurrency is one of the most interesting inventions of mankind. And cryptocurrency has very much introduced into our life. And the most important coin of the entire crypto industry is Bitcoin, and with this coin you can monitor the entire situation on the crypto market. So while Bitcoin is alive, all other coins will develop and bring good profit.
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February 13, 2020, 10:12:41 AM
 #51

So what if even all the combined markets of altcoins still lower than btc? Is there anything that brag this that might change the fact that they are all cryptocurrency? Even though btc is far from others, these projects are struggling to get closer but it doesnt necessary means btc is more dominant in terms of technology. Maybe in value it is, but look around you, not all investors only buying btc but other potential coins too such as eth and xrp.

The investor now has a very large choice in which cryptocurrency to invest. And the choice stops with bitcoin, because he often hears about it. But those investors who know more about the cryptocurrency market divide their investments between bitcoin and altcoins.

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February 13, 2020, 01:44:03 PM
 #52

Bitcoin is the main thing that everyone knows about. Majority of people who get to know about cryptocurrency starts with Bitcoin, and as time goes on they will get to learn about other cryptocurrencies there is in the market. Bitcoin is the main coin I’m investing in, I don’t even take others much serious. If you check my portfolio, it’s like 80% of everything in Bitcoin and then the rest which is 20% is divided on Ethereum, Bitcoin Cash and Stellar. It used to be just BTC, ETH, and BCH till I got Stellar for free and then I decided to start investing a bit in it.

So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.

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February 13, 2020, 01:52:43 PM
 #53

Bitcoin is the main thing that everyone knows about. Majority of people who get to know about cryptocurrency starts with Bitcoin, and as time goes on they will get to learn about other cryptocurrencies there is in the market. Bitcoin is the main coin I’m investing in, I don’t even take others much serious. If you check my portfolio, it’s like 80% of everything in Bitcoin and then the rest which is 20% is divided on Ethereum, Bitcoin Cash and Stellar. It used to be just BTC, ETH, and BCH till I got Stellar for free and then I decided to start investing a bit in it.

So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.

i am not so sure that BTC will remain bigger than the rest of crypto currency market, since there are projects that offer real value and i think that they are going to rise, so it will be hard for BTC to sit above 50% of crypto marketcap in a few years, maybe even sooner...
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February 13, 2020, 02:22:30 PM
 #54

Bitcoin is the main thing that everyone knows about. Majority of people who get to know about cryptocurrency starts with Bitcoin, and as time goes on they will get to learn about other cryptocurrencies there is in the market. Bitcoin is the main coin I’m investing in, I don’t even take others much serious. If you check my portfolio, it’s like 80% of everything in Bitcoin and then the rest which is 20% is divided on Ethereum, Bitcoin Cash and Stellar. It used to be just BTC, ETH, and BCH till I got Stellar for free and then I decided to start investing a bit in it.

So, Bitcoin is the main cryptocurrency and when it comes usage it also has more usage and it’s being accepted more than any other cryptocurrency there is.
There is no doubt that bitcoin is leading the crypto market and all altcoins prices are only following the bitcoin price. And when it comes to their market cap, bitcoin is still on the top of it. No wonder that when people are asked about crypto, the first thing that comes in their mind is bitcoin. It's the lifeblood of crypto so without bitcoin, altcoins may consider as nothing.

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February 13, 2020, 02:23:53 PM
 #55

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?
It is obviously true that bitcoin is bigger that the rest of other cryptocurrencies in the market even you combine all of them, that is why more people have put a lot of focus and interest in bitcoin than altcoins. Most people also holds more bitcoin than altcoins because they receive much larger profit from it.
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February 13, 2020, 02:38:17 PM
 #56

During the recent few days, there have been a noticeable drop in Bitcoin dominance. Now it stands at 61.7% (which represents a drop of almost 7% from the levels that we had in December 2019). And most surprisingly, Ethereum gained the maximum amount of market share during this time, despite the delays affecting the roll-out of Ethereum 2.0 and the poor health of the ICO market.
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February 13, 2020, 02:45:21 PM
 #57

During the recent few days, there have been a noticeable drop in Bitcoin dominance. Now it stands at 61.7% (which represents a drop of almost 7% from the levels that we had in December 2019). And most surprisingly, Ethereum gained the maximum amount of market share during this time, despite the delays affecting the roll-out of Ethereum 2.0 and the poor health of the ICO market.
unfortunately there are still many traders who understand that the current price movement of bitcoin can provide a lot of profit and usually those who cannot get this opportunity are people who are hesitant to enter to buy bitcoin.
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February 13, 2020, 02:56:09 PM
 #58

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.
It could even higher than that. It isn't just about the price that many tend to lean at, consider how many payment systems are looking into it right now. It might not be able to "fully replace" every single payment system we got today like PayPal, but it will surely be over than that.
I can't say that alts are really paired with BTC fully though, although most of the alts follows the increase in price of Bitcoin.

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February 13, 2020, 03:31:46 PM
 #59

unfortunately there are still many traders who understand that the current price movement of bitcoin can provide a lot of profit and usually those who cannot get this opportunity are people who are hesitant to enter to buy bitcoin.

The reason is that Bitcoin has already gone up considerably (by almost 250% during the last 9 months). A part of this bull run can be attributed to accumulation by whales, in anticipation of the block reward halving. In a few months from now, the block reward halving will occur, and no one is sure in which direction the prices will be moving after that.
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February 13, 2020, 03:34:50 PM
 #60

indeed the article was true, even though the whole market merged and collected all the prices I thought they would never master and defeat BTC. BTC will remain the king of crypto until the amount in the market is exhausted later due to mining effects and other transactions.

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