Is bitcoins dominance coming to an end?

[kentrolla]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

[nelson4lov]

The only time that bitcoin was close to losing the top spot was way back in 2017-2018 when talks about Ethereum flippenning were brewing. XRP did come close during that time as well but we all know how it ended. Well, ETH 2.0 will be launching next month or so and with the hype it's got, It could garner some dominance from Bitcoin upon launch. In spite of this, I still believe that Bitcoin would maintain its dominance. It's still the most widely used cryptocurrency even though Ethereum is spearheading the DeFi movement. We'd just have to wait and see how everything plays out.

[20kevin20]

Most so-called "coins" with their market caps don't actually mean anything and shouldn't even count at all. In fact, if you check out multiple coin price listing websites (CoinMarketCap, CoinGeek etc), you'd find out there are some cryptocurencies one website may consider deserves to be on the list while another website doesn't.

Bitcoin dominance should be way higher than it currently is. It'll always be better than other alts. Easiest thing to find this out is by thinking about your own crypto movements. Do you ever only move alts? Because even if I hold some alts myself, I almost always have to use BTC in most of my trades.

Ethereum is up there because it carries the largest shitcoin bag on its back. Ripple is up there because of the centralized distribution and inflation of their coins. In the end, Bitcoin will still be needed in +80% of the cases.

[Bttzed03]

"2018 - bitcoin's dominance is going to end
2019 - same shit
2020 - same shit"

^ Statement by most altcoin maximalist. Yet, bitcoin's dominance remains.

I also thought an altcoin would topple bitcoin before but I've already come to terms that it's not going to happen. "Challengers" can have all their faster/cheaper features but they can't match Bitcoin's superior security.


Now let's tackle the opinion of the Blockchair's executive:

privacy is not the top cryptocurrency’s strongest suit as its network allows blockchain analysis firms to track user activity. Users who wish to keep their transactions private can turn to a number of altcoins including Monero, Dash and Zcash.

Users can still maintain their privacy when sending btc as long as they don't use centralized platforms though.

Bitcoin’s scalability is another nail in the coffin. He says the Lightning Network, which is a second-layer solution designed to make it faster and more cost-effective to send BTC, is fundamentally flawed.

This is an old issue. He failed to address that people who support bitcoin knew this long ago but they are willing to give up the convenience of scalability in exchange of network decentralization and security.

He points to Ethereum, with its proof-of-stake (PoS) protocol, as one coin that could topple BTC.

Ethereum's POS looks good on paper when it comes to scalability but this has yet to be proven. There are plenty of existing blockchains who can scale better than Bitcoin but none of them were able to dethrone btc.

The upcoming upgrades, Taproot and Schnorr signature, are also said to increase privacy and scalability. Perhaps he failed to read on that as well.

[mk4]

Ehh.

Point #1. Bitcoin's loss in market dominance are mostly temporary. Historically occurs on altcoin bull markets(which we know is temporary).

Point #2. The marketcap statistic when it comes to cryptocurrencies are mostly inaccurate due to most altcoins' supply being controlled by their development teams (a.k.a. companies).

[Kez1817]

It is just the beginning and not the end of bitcoin dominance. If you are going to compare it to some altcoins like ethereum it's far from the truth. Based on the value and market demand still nothing can compare to bitcoin. So,bitcoin is still at the  top and the king of all crypto.

[ChiBitCTy]

No it's dominance is not coming to and end and I don't see that happening anytime soon. There still aren't enough people interested in any altcoins close to they are as with Bitcoin.  Most other coins offer something that is simply not needed or doesn't compete with bitcoin.

[DoubleEdgeEX]

The reports of my death are greatly exaggerated - quote Bitcoin 2009, 2010, ... 2020. As for finance space, chances are good it will not be taken over by any other coin in decades. BTC has proven to be a serious competitor for a place in a big companies portfolio and has the tokenonmics with the scarcity as a bonus as well. Ethereum could overcome it when it comes to blockchain technology overall, but the use cases are different. It´s like comparing apples with pears almost...

[Sanugarid]

coming to an end? did you see the market dominance of bitcoin? Now tell me which coin will likely to replace it, ethereum? uhmm maybe after 10 years. You cannot just conclude things the way they are now, you may be asking why some altcoins are pumping yet bitcoin stays at its price, worth mentioning is the Chainlink, this coin has been performing great for a year gaining a lot of strength in the market, I even saw this coin being discussed at some group whether it is worth to invest or not. Another one is Tezos, this coin is bringing up games it went ath last February, then declined in march (probably because of the pandemic) then rising late this month. These are just two, there several coins that is rising these days but that does not mean that bitcoin is going to be replaced. 60% market dominance? this coin gotta be sitting for a long long time.

[enhu]

They tend to say some investors prefer altcoins because they are bagging altcoins that have the potentials to rise up. during 2017 bullrun, there are tons of altcoins who also blooms out which prices unexpected bloated, the holders earned hundred to millions. There is no reason for them to just keep only BTC on their portfolio, there are more in altcoins than BTC alone.  But I still think BTC dominance will come to an end. Its the base currency in crypto, its not going to end.

[slapper]

Bitcoin dominance will never ever come to the end. It was, is, and will forever be the number one asset on the Cyber-world. People have been told that gold will soon vanish and evaporate for many years and its still the number one asset on this planet. Bitcoin has spent more than 10 years to prove that it deserves the number one spot and most of the people around here believe in bitcoin's crown. Its advantages and benefits are undeniable Soon it will provide its technologies to the whole world. Our database and our identities are in danger and they have been plunked by many companies and even our government.

In the next few years, we will see the price of bitcoin hit the moon. The blockchain technology has never decreased its heat for many years. Numerous coder are joining together to create a better version of Bitcoin

[wxa7115]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

I read the article, if we can even call it that, and I was hoping to see some well put argument about why that was the case and in fact there was nothing, there were only two points discussed.

Bitcoin is not anonymous. This is the first point and this is something we have known from the beginning but that has never been the point, then Zhavoronkov argues that privacy coins are better for this, who would have thought? However privacy coins despite their increased privacy have many other problems including scalability issues larger than bitcoin and the fact that most exchanges will not deal with them making impossible for those coins to ever become as popular as bitcoin, besides it is as if Zhavoronkov has never heard of mixers.

Scalability. This is the second and final point he brings, he argues the LN is a failure and argues that ethereum is better because of POS while we know POW is more secure and as such Bitcoin can perform in a better way its function of being a store of value.

[mezzaluna]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

I personally doubt that that would happen even after years. Bitcoins dominance will only set the value of the Cryptocurrency Industry higher and that would also help other Cryptocurrency to increase their value. It would really be nice if Bitcoins price skyrocket again after some time since we will also be seeing some Alternate Cryptocurrencies with lots of potential that have usable platforms.

[teosanru]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

Bitcoin dominance is still 62% as per ConimarketCap. I don't know why these writers can't get a new topic. It's the same old shit that flies every year about bitcoin. I remember last time when people said bitcoin's dominance is over. Market went into a very bearish mode where all alts turned out be worthless and Bitcoin had risen once again from that. I have seen times when this dominance went down till 40% and bitcoin has still come back to this 60% mark. So reason why these writers are sending same repackaged shits every year is really unknown.

[franky1]

many see the shift from 'bitcoin the digital currency for the unbanked' to 'bitcoin the gold resort for the banks'
by banks i mean the exchanges that do offchain reserve swaps behind their servers.

user for instance trade these 'gold stocks' but in the end they dont exit the exchanges hoarding their 'gold' people either exit back to fiat with profit. or will atomic swap it for cheaper tx fee coins

many are talking about LTC as the silver for daily use currency. and BTC as the retirement investment
swapping them back and forth in exchanges.

[franky1]

Bitcoin dominance is still 62% as per ConimarketCap.

coinmarketcap is not even a metric for dominance
anyone can make an altcoin with 5 trillion coins circulation. and sell just a single coin for $5. and instantly created a whole market cap of $5trill .. all for the cost of a coffee and packet of potatochips

it should be about how much real use is being done using a currency. how many businesses accept it as payment or are invested into a currency. much harder to measure. but atleast if you can see what network a business prefers to use indicates what currency the majority prefer.

[diazepam666]

Bitcoin is always dominate the crypto market because BTC market cap is always stay in leading position and Bitcoin is the only initial point of all the altcoins so Bitcoin will never come to an end. may be all the altcoins  are growing well in the market cap.so many peoples are think like that and it will be updated in some sites, so reality altcoin growing faster than Bitcoin so it will be really useful to make some noise in crypto market. I hope Bitcoin will globalised in upcoming years.

[uneng]

I believe bitcoin dominance tend to decrease within time as new altcoins projects come up with new concepts, such as defi ones. However bitcoin will remain as the number 1 crypto currency for a long time yet, as it is the most trusted one when we talk about digital currencies.
It's even more trusted than the called stable coins, that is how trusted and powerful bitcoin is!

There is also the possibility altcoins investments are just hypes, so after a while investing on them, enthusiasts come back to bitcoin investment, making bitcoin dominance oscillate down and up, but always rising on long run.

[adzino]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

I don't think bitcoin dominance is going to come to an end anytime soon. I mean, if people starts to see the price of bitcoin falling or being low, they start to dump every coin they hold thinking that it is end of crypto currencies. This is because, when someone says crypto currencies, the first thing that comes to most peoples mind are Bitcoin. If they starts to hear bitcoin is losing is dominance, they will think that "crypto currencies" are losing their dominance.

Are you sure those are some random "whales" that are targeting and trading altcoins and are not those developers who are manipulating the stats?

[dothebeats]

Oh this topic again.

It's normal for people to come into other cryptocurrencies when there aren't much movement being recorded by bitcoin. There's just too much volatility on the crypto markets that make it an interesting side investments for most of the people also doing trades in bitcoin. Fast moving markets, lots and lots of options to choose from makes it an inviting trading asset for loads of us. Though there may not be that much pump and dump coins nowadays due to stricter regulations and stricter rules in exchanges, that kind of thing still happens nowadays. Imagine the thousands upon thousands of altcoins created then abandoned after its profitability is done for, who wouldn't want to get into such opportunity?

Anyways, point is money is tossed around pretty often in the cryptomarkets. It's not going anywhere, people are just trying to make money by tossing one coin for profit, so on..

[ololajulo]

In the last bull market, bitcoin lost it dominance to as low as 30%, we have seen it drop from 80% in recent months to 60%. This are prediction we have seen come to pass and have not bad effect but good, dont listen to some bitcoin maximalists they are doing business with altcoin now. The dominance wont affect the use but the overal price value, this will increase the use among trade for altcoin in the space. Altcoin has seen a little spike especially for most new project in DEFI etc while we wait for old coin to start a new run if ETH really respond to the development of ETH 2.0

[shield132]

As time goes, only the strongest ones survive and I wouldn't say that bitcoin is losing it's dominance, no, it's opposite. It's clear for everyone what happened during this pandemic and what was the expectations around bitcoin and what we got finally. In such a bad situation bitcoin didn't lose it's price and keeps to be stable between 9K-10K usd range. And if someone thinks bitcoin is losing dominance, then I would love to remind them that bitcoin is still mainstream and altcoins follow bitcoin's price, they won't rise significantly before bitcoin.

[dunfida]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

When we do talk about this market then nothing is assured to last up forever but after all the years we have seen on bitcoin in terms of dominance then theres no alt would able to beat it up but going back into those bull run  days where ETH do almost able to tie up with btc or possibly go up even more but peoples confidence and support will surely ends up on bitcoin in the end of the day this is why
we do see on how bitcoin dominate the market.It might drop but theres no way that alts can able to take that spot unless if there are really some exceptional jump of bitcoin supporters to other alts
which is really hard to believe for now.

[Sebas.tian]

I don't see this as bitcoin losing it dorminance to altcoins, though the current happenings or events are been hype by these defi projects. Those projects are been hype because the team projects are sole responsible for the hype. This won't take a longer time from now before bitcoin will take full control of it dorminance. Bitcoin will definitely take over the cryptocurrency market without panic and this will be soon.

[ReiMomo]

I guess Bitcoin price will go down in no specific time frame but when we are talking dominance, I guess it will the same among altcoins.

Just curious why Bitcoin dominance will coming to end, so you meant that it will replace by altcoin?
I don't think so that will happen, Bitcoin will remain the most powerful of all cryptocurrency and if the dominance will down surely there is always a resistance.

[cr1776]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

No.  Do you want decentralization by the developers? Do you want decentralization by nodes?  Do you want the highest security of the network via the most hash power?  Do you want the ecosystem?   None of the alts have all that, I don't think any of them have avoided the single point of failure of having a single developer who is pretty much in charge.

[ene1980]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Speculations in the forums predicts that the dominance of bitcoin will end  . Lets assume that the dominance of bitcoin is going to end and since you wanted to start a topic regarding this i would like you to list a few coins that have the potential to take over that dominance and lets be real why don't you start a poll and lets see what the forum says and i do not see any other coin worthy of mentioning above bitcoin.

[TIDOVEE]

I still don't know why we worry about any other altcoin dominating bitcoin. I am so much enjoying Bitcoin than many other altcoin whichsoever , but since I believe in competition that triggers personal improvement, I believe if any other coin rises up to content with Bitcoin it should be an issue in as much as Bitcoin it still doing well. If we have like 3 of other coin so sense making as Bitcoin, when the world population increases to embrace crypto in general there will be diversity, which is the spice of life.

[gerica0613]

ETH 2.0 is just hype, will not last long till it's in the shadow again

[logfiles]

As you can see in the graph, the bitcoin dominance was massively tested during the 2017 bull run whether so many newbies were blinded into holding bags of shitcoins due to over hyped ICOs. After the 2018 lessons, many people learnt that shitcoins are just shitcoins and Bitcoin is Bitcoin. I don't think the bitcoin dominance will ever be affected that much again.

[AjithBtc]

As you can see in the graph, the bitcoin dominance was massively tested during the 2017 bull run whether so many newbies were blinded into holding bags of shitcoins due to over hyped ICOs. After the 2018 lessons, many people learnt that shitcoins are just shitcoins and Bitcoin is Bitcoin. I don't think the bitcoin dominance will ever be affected that much again.

Those were the days of ICO's. ERC20 based tokens were the one making a big difference. By the time more and more projects keep on popping. To the speed of projects popping, it gained targeted investments. The dominance level of altcoins kept growing,and when it it started to crash most of the tokens turned to be shit ones. This is where the dominance of bitcoin once again took lead. Anymore the chance of bitcoin dominance coming to an end is very low.

[MCobian]

I am still sure that Bitcoin will not lose its dominance, indeed when 2017 there will be rallied more than 1000% of altcoins. But in the end
Bitcoin remains in control and until now still dominates the market. So I doubt Bitcoin dominance is coming to end, because of all of us
definitely save Bitcoin on their respective wallets. Especially now that the popularity of Bitcoin is on the rise, so it's unlikely that Bitcoin losing
its dominance.

[pixie85]

ETH 2.0 is just hype, will not last long till it's in the shadow again

I think it will end like BCH when it forked from Bitcoin and then again like BCH and BSV when they were forking.

The news started a big hype and now all those coins that were supposed to be the new Bitcoin are worth 10% of their former value.

[Baofeng]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

I remember that when we are in a bull run in 2017, bitcoin's dominance is <50%. So it could be a good indication if we loss some today but gain in price. I think the this DeFi is pumping the altcoin market and there could be some whales shifting their money where there is a good chance to profit even higher than bitcoin because of the DeFi hype. I'm not that nervous though, and we all know that this hype will die down and everyone will go back to bitcoin market in no time.

[fiulpro]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

-Etherum has just become the most used Crypto because of its many advantages that attracts the Investors. Plus its technologically more advanced which is being preferred by a lot of companies. The contracts on ETH are also a big hit now a days used by lending agents and companies.

-Elon Musk apparently is supporting the Dogecoin and at the same time it's hiking the price up .

-Altcoins like BCH and Litecoin are getting accepted by stock exchanges now which means people are keeping their focus on them too .

But at the same time one needs to understand the fact that even though we read news like these all the time we have to understand for a fact that :-

-most altcoins are dependent on BTC even for buying/selling

-BTC remains the most trusted Crypto since people generally buy ETH to transfer and change it to BTC for long term investment

-which means it's not like the focus is shifting to other coins , it's actually how these coins are helping one another , it's more like a symbiotic relationship.

-*-

[posi]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

I dont see any reason why BTC dominance will be over when BTC is the most used cryptocurrency all over the world. Besides, no altcoin can withstand the potential of BTC. However, this not the first and wont be the last time we will see the whales targeting altcoin over BTC but usually happen for some moment so only experienced and smart traders can seize the opportunity.

[Oasisman]

Bitcoin's dominance is still firm. Just because Bitcoin's market share drops down to 60% doesn't mean it's lossing dominance.
The most common thing we can think of similar to this prediction is the rise of Ethereum and erc20 tokens in 2017, and that's even worst because Bitcoin's market share fell down to 40%. That's mainly because of the scalability issue and high network fees in 2017.
How did it turned out? Solutions has been made to address these concerns such as SegWit and Lightning Network. But, I don't understand why this guy Zhavoronkov says LN is "fundamentally flawed"

As you can see in the graph, the bitcoin dominance was massively tested during the 2017 bull run whether so many newbies were blinded into holding bags of shitcoins due to over hyped ICOs. After the 2018 lessons, many people learnt that shitcoins are just shitcoins and Bitcoin is Bitcoin. I don't think the bitcoin dominance will ever be affected that much again.

Nailed it. Will this happen again? Maybe, because people are fond of collecting shitcoins lol.

[Alobo Realer]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Bitcoin is far bigger and stronger than how it use to be, its dominace is indestructible as it is gaining adoption rapidly, many have learned a lot about it, it's worth and uses as such will not let it crash, Just as it won all fight with the fiat and alt currencies in the past so the future will be. Going up and down is sure but never to crash

[CaVO32]

"2018 - bitcoin's dominance is going to end
2019 - same shit
2020 - same shit"

^ Statement by most altcoin maximalist. Yet, bitcoin's dominance remains.

I also thought an altcoin would topple bitcoin before but I've already come to terms that it's not going to happen. "Challengers" can have all their faster/cheaper features but they can't match Bitcoin's superior security.


Now let's tackle the opinion of the Blockchair's executive:

privacy is not the top cryptocurrency’s strongest suit as its network allows blockchain analysis firms to track user activity. Users who wish to keep their transactions private can turn to a number of altcoins including Monero, Dash and Zcash.

Users can still maintain their privacy when sending btc as long as they don't use centralized platforms though.

Bitcoin’s scalability is another nail in the coffin. He says the Lightning Network, which is a second-layer solution designed to make it faster and more cost-effective to send BTC, is fundamentally flawed.

This is an old issue. He failed to address that people who support bitcoin knew this long ago but they are willing to give up the convenience of scalability in exchange of network decentralization and security.

He points to Ethereum, with its proof-of-stake (PoS) protocol, as one coin that could topple BTC.

Ethereum's POS looks good on paper when it comes to scalability but this has yet to be proven. There are plenty of existing blockchains who can scale better than Bitcoin but none of them were able to dethrone btc.

The upcoming upgrades, Taproot and Schnorr signature, are also said to increase privacy and scalability. Perhaps he failed to read on that as well.

you are right. we are already in 2020 and some people are still believing that same old line - bitcoin's dominance is going to end. And yet we are still here, bitcoin still on top of the chain. The popularity is just getting stronger everyday. Alts come and go, many have attempted to create a "better and more powerful" alt than bitcoin but most of them failed even in reaching out to popular exchanges. We have had enough of this same old propaganda. Let's accept the fact that even with bitcoin's shortcomings, it still remains to be the sought-after crypto in the community.

[mirakal]

Speculation does not mean to be right, anyone can make realistic and crazy speculation without being judge because we never know what would happen to the market in the future, of course it's possible that bitcoin will be replace on its current spot now, but we have our own prediction.

For a coin to beat the dominance of bitcoin, it's a hard mission, even if bitcoin will drop it's dominant rate at 30%, I think it will still dominate the market as we have a lot of coins that will divide the 70%, unless one altcoins will rise in the competition and will leave other altcoins, which is unlikely to happen IMO.

[FinneysTrueVision]

It appears to me like it's just mostly people trying to get rich quick that are pumping some of these altcoins. One of ETH's main use cases is still people trying to print their own money with all these useless tokens. Defi just seems to be people moving Chuck E. Cheese tokens around so they can be rewarded in other kinds of Chuck E. Cheese tokens. It's not at all like traditional finance where you're actually investing in things with inherent value. Then there is Tether, which if you exclude transactions that are only using ETh as gas then Tether is the most popular altcoin, continuing to print more and more USDT without any accountability. People using tokenized fiat defeats the purpose of cryptocurrencies even existing in the first place.

[Shasha80]

I am among those who always monitor the movements of Bitcoin in the market every day, and Bitcoin always dominates the market
above 60%. This proves that other coins will be difficult to replace the position of Bitcoin, so based on the results of my analysis,
Bitcoin will dominate the market at least for long-term. And the conclusion is the dominance of Bitcoin is not likely to end.

[imstillthebest]

Speculation does not mean to be right, anyone can make realistic and crazy speculation without being judge because we never know what would happen to the market in the future, of course it's possible that bitcoin will be replace on its current spot now, but we have our own prediction.

For a coin to beat the dominance of bitcoin, it's a hard mission, even if bitcoin will drop it's dominant rate at 30%, I think it will still dominate the market as we have a lot of coins that will divide the 70%, unless one altcoins will rise in the competition and will leave other altcoins, which is unlikely to happen IMO.

theres only 1 altcoin that i know that are big enough and that is etherium but when i look at eth its power still not enough to overcome bitcoin  so how much more other altcoins , they are only smaller than etherium  .

we all have our own speculation and its our right to disagree with what ever we saw but we can believe only on our own if we wanted too  . btc still dominates the entire market  based on many indicators   but it could be lower now because of many reasons too  

[ultrloa]

I wonder why people always think about that while the fact is when we talk about cryptocurrency the bitcoin will always came on our mind and for sure its dominance will not be replaced for any new comers in the market. maybe we should stick on the though on how we contribute for good awareness for betterment.

[Sadlife]

That's very unlikely for me, Bitcoin is the most established and popular in the Crypto space as well for many countries and businesses local or online, in fact it has been called as most profitable investment of the decade. I think, if Bitcoin falls due to another altcoin taken over would end the entire Cryptocurrency market because investors would think Crypto investment is just a bubble and would never trust it again as an legitimate asset.

[Wexnident]

Like what others have said, BTC dominance became shaky when the ETH period was being run, and really, that was just an instance of people being pushed by the crowd towards ETH back in 2017. Adding to that, Bitcoin has basically asserted dominance for the past 7 years before ETH came, and even when ETH came, it failed to topple the overlord. Just based on these 2 facts, any crypto enthusiast would probably see that Bitcoin is a lot better than altcoins in the overall popularity.

Besides, most altcoins (if not all) have the tendency to spike up and down randomly, mostly due to the manipulations of the companies behind them. How would you even expect to topple Bitcoin if the basis for it was instead partly manipulated by people? Whereas Bitcoin can solely be attributed to its ability as a cryptocurrency. Plus, we've been here before. BTC dominance is stronger than ever, and would only grow, unless a better coin (unlikely) pops out.

[michellee]

The bitcoin dominance will not go to an end because bitcoin will still lead the crypto market. The altcoin will be behind on bitcoin, and even the altcoin can lift the price, the price will not have a chance to pass the bitcoin price. It is normal to see the bitcoin price is down because that can give the altcoin time to move from the low price to the high price. And if the altcoin have a big support, the altcoin will try to make ATH. That will happen too with bitcoin price, and bitcoin price will reach the new ATH soon.

[pooya87]

well if we change the real definition of "dominance" into a fake one while using a fake number to measure it then the answer is obviously yes. it is trivially easy to create a shitcoin with a huge fake number called market capitalization thanks to the ability of creating trillions of supply with click of a button with virtually no cost. in fact that is how all the "top 10" altcoins took their ranks in this fake ranking system.

but in reality dominance is not defined that way at all. nobody cares about market cap. the important factors that define dominance is adoption, utility, security and decentralization. and no coin has ever come close to 5% of what bitcoin has.

[cheezcarls]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

If we're talking about Ethereum surpassing Bitcoin as the mostly-used blockchain, that would be just temporary. Bitcoin is still the king of all cryptocurrencies and the mostly-used cryptocurrency for P2P transactions. Not only that, it's the main gateway for cryptocurrencies to be converted to cash. For now, I don't see platforms where USDT can be converted directly to fiat though.

As for the dominance of Bitcoin, it may not be the end. Altcoin season may be just starting, but they can't take over Bitcoin's dominance in a long while.

[Gotumoot]

The only time that bitcoin was close to losing the top spot was way back in 2017-2018 when talks about Ethereum flippenning were brewing. XRP did come close during that time as well but we all know how it ended. Well, ETH 2.0 will be launching next month or so and with the hype it's got, It could garner some dominance from Bitcoin upon launch. In spite of this, I still believe that Bitcoin would maintain its dominance. It's still the most widely used cryptocurrency even though Ethereum is spearheading the DeFi movement. We'd just have to wait and see how everything plays out.

I don't think that the ETH 2.0 would really take the place it could also get close like what happen way back in 2017-18 as you said but I strongly believe that it would only be that way and it wouldn't replace Bitcoin.
So many crypto has come and go and Bitcoin is still the King of all crypto I think it would still remain that way for a very long time I don't really think that there would be a crypto who could overtake it's place,
But the future is uncertain and many things could happen to change it.

[carlisle1]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

Just a simple look at the Bitcoin capitalization dominance will answer your question directly and you don't have to elaborate things here.

https://coinmarketcap.com/currencies/bitcoin/

61% over a thousand coins?then now tell me who will have a chance to took over the domination?even the second ranking currency like Ethereum cannot even make 1/2 of bitcoin capitalization of 175 billion dollars.

Bitcoin's dominance can never end What really happened in 2017 was really great however the price of Bitcoin is going to be the same as before the price of the cause of the virus went down so much. Compared to Altcoin it can never replace Bitcoin the future prospects of Bitcoin which has been branded as an unstable virtual currency are not to be underestimated bitcoin is at the top of all.

Of course it can replace but the thing is when?and how long we need to wait before it finally happens.

I know that it will take long time before it finally comes and that is what market is telling us.

[Coin_trader]

The only time that bitcoin was close to losing the top spot was way back in 2017-2018 when talks about Ethereum flippenning were brewing. XRP did come close during that time as well but we all know how it ended. Well, ETH 2.0 will be launching next month or so and with the hype it's got, It could garner some dominance from Bitcoin upon launch. In spite of this, I still believe that Bitcoin would maintain its dominance. It's still the most widely used cryptocurrency even though Ethereum is spearheading the DeFi movement. We'd just have to wait and see how everything plays out.

I don't think that the ETH 2.0 would really take the place it could also get close like what happen way back in 2017-18 as you said but I strongly believe that it would only be that way and it wouldn't replace Bitcoin.
So many crypto has come and go and Bitcoin is still the King of all crypto I think it would still remain that way for a very long time I don't really think that there would be a crypto who could overtake it's place,
But the future is uncertain and many things could happen to change it.

If ETH v2.0 will solve its scalability issue then it might possibly overtake BTC. The reason why BTC is still the king is because no one surpassed it. Most of the blockchain has scalability issue. Last 2017 was closed for ETH but due to some unforseen event which flooded there blockchain. Ethereum is not yet ready that time and I hope they have a good solution on this upcoming upgrade. There smart contract cutting edge of its feature that worthy to be on top.

[hatshepsut93]

If you are seeing someone seriously suggesting that Bitcoin will soon be replaced with alts, you are witnessing a desperate attempt to start the so-called "alt season". Altcoin bagholders dream to see a bull market similar to 2017, with many of them still experiencing the loss from that time. But it won't happen, because there's no big fundamental hype around blockchain technology - and it can't repeat again, because investors learned their lesson. ICOs these days don't get even a fraction of what they could get in 2017.

[aundroid]

I don't think that the BTC dominance will end in the foreseeable future, but I believe that there is a cycle:
BTC dominance down -> Alt dominance up & BTC dominance up -> Alt dominance down.
Which repeats itself over and over again.
Simply because the 'Bitcoin Whales' make a lot of money with it.

[radjie]

I am among those who always monitor the movements of Bitcoin in the market every day, and Bitcoin always dominates the market
above 60%. This proves that other coins will be difficult to replace the position of Bitcoin, so based on the results of my analysis,
Bitcoin will dominate the market at least for long-term. And the conclusion is the dominance of Bitcoin is not likely to end.

of course, although in the future there are some whales who want to raise the price of altcoin so they have a target to be able to shift the position of bitcoin, of course that won't be easy because the people who hold bitcoin are certainly much bigger than some whales who want to raise the price of altcoin , and Bitcoin trading activities will always move at any time to strengthen trading volume

[nelson4lov]

~

~

If ETH v2.0 will solve its scalability issue then it might possibly overtake BTC. The reason why BTC is still the king is because no one surpassed it. Most of the blockchain has scalability issue. Last 2017 was closed for ETH but due to some unforseen event which flooded there blockchain. Ethereum is not yet ready that time and I hope they have a good solution on this upcoming upgrade. There smart contract cutting edge of its feature that worthy to be on top.

The reason why ethereum flippenning failed back in 2017 was due to the fact that ETH blockchain suffered from scalability issue. If I remember correctly, A single dapp (CryptoKitties) caused a severe network congestion in Ethereum blockchain which caused transactions to be delayed for longer than usual.   Well,  ETH2.0 addresses these issues with improved scalability, throughput, and security. Despite this, I still feel that Bitcoin would keep its spot as the most dominant cryptocurrency. It won't be long until we find out.

[Coin_trader]

~

~

If ETH v2.0 will solve its scalability issue then it might possibly overtake BTC. The reason why BTC is still the king is because no one surpassed it. Most of the blockchain has scalability issue. Last 2017 was closed for ETH but due to some unforseen event which flooded there blockchain. Ethereum is not yet ready that time and I hope they have a good solution on this upcoming upgrade. There smart contract cutting edge of its feature that worthy to be on top.

The reason why ethereum flippenning failed back in 2017 was due to the fact that ETH blockchain suffered from scalability issue. If I remember correctly, A single dapp (CryptoKitties) caused a severe network congestion in Ethereum blockchain which caused transactions to be delayed for longer than usual.   Well,  ETH2.0 addresses these issues with improved scalability, throughput, and security. Despite this, I still feel that Bitcoin would keep its spot as the most dominant cryptocurrency. It won't be long until we find out.

If only you read my post that you quote, you will not suffer through redundancy. That's what actually what I said. Crypto kitty is the major reason but they have already slow transaction before cryptokitty because that time was most of the token are launch on ETH blockchain and that huge volume of transaction from different project results to scalability issue of ETH. IIRC many big project like Tron($TRX) and EOS are still on ETH blockchain and still not launching there mainnet.

[Cnut237]

There's no evidence to suggest that bitcoin will cease to be the dominant cryptocurrency. Nothing else comes close. Generally when dominance is mentioned, it refers to market cap... which is only ever a rough guide at best, as already stated in this thread:

well if we change the real definition of "dominance" into a fake one while using a fake number to measure it then the answer is obviously yes. it is trivially easy to create a shitcoin with a huge fake number called market capitalization thanks to the ability of creating trillions of supply with click of a button with virtually no cost. in fact that is how all the "top 10" altcoins took their ranks in this fake ranking system.

but in reality dominance is not defined that way at all. nobody cares about market cap. the important factors that define dominance is adoption, utility, security and decentralization. and no coin has ever come close to 5% of what bitcoin has.

I suppose, looking into the future, if bitcoin's eventual role is as a store-of-value, then perhaps a smart-contract crypto such as Ethereum can become more dominant through becoming embedded into the functioning of society via the automation of what are currently manual tasks and job roles... or a crypto used as a fast, secure day-to-day currency might become dominant... but if any of that were to happen, then it's years away at best. There's no chance of anything supplanting bitcoin in the near future.

[Distinctin]

I don't think so, all of that is just a speculation that would never happen.
There are only two group of people in crypto, the bitcoin believer and the non believer, if you are on the side of the believer, you would continue to follow bitcoin, it's news and its trend, and based on the trend, bitcoin is still very dominant until now.

yes, we've seen some drop of dominant rate, but hey, let's wake up if we are sleeping, 61.5% dominant rate is still very high, it's clearly dominating the market. Take a look here (https://coinmarketcap.com/)

[FlightyPouch]

With a lot of crypto currencies going around, the dominance of bitcoin will surely drop. This is been a talk for a while and it doesn't matter if it falls, more crypto currencies will pop up and the money will not always fall to bitcoin. It doesn't spell the end of dominance of btc, this just tells us that more and more crypto currencies are circulating.

[BuNga_cute]

I think according to existing data, that Bitcoin dominates the market until now. And I have never seen any other coins who can beat Bitcoin,
so it is not possible Bitcoin dominance coming to end. Maybe because of the popularity of Bitcoin far above other coins, then the demand for
Bitcoin is also high. So many people hold Bitcoin compared to other coins. What makes Bitcoin dominance difficult to beat because based on
coinmarketcap the Bitcoin dominance right now at 61.6%, the percentage is very high.

[Amel]

Many will think so in the current context. From the beginning of the year till now it has been fluctuating within a certain boundary not much has changed. This is actually a boring time for those who want to earn money from Bitcoin in a very short time. If it happened that if you invested in Bitcoin you would get rich very fast then everyone would invest here. It takes time on the one hand and patience on the other.

[abel1337]

Many will think so in the current context. From the beginning of the year till now it has been fluctuating within a certain boundary not much has changed. This is actually a boring time for those who want to earn money from Bitcoin in a very short time. If it happened that if you invested in Bitcoin you would get rich very fast then everyone would invest here. It takes time on the one hand and patience on the other.

Having that kind of mindset of investing in something and expecting a big return real quick is a very poor mindset and can bring you into a dire situation because it can affect your decision if your plans falling into dire. On every asset investment, Patience is always a requirement since most of the time you can't really be rich overnight with your investment. There are many holders who's hoping bitcoin rise anytime now and it is possible since bitcoin just fluctuating on a certain value point. It can rise or fall.

[milewilda]

Many will think so in the current context. From the beginning of the year till now it has been fluctuating within a certain boundary not much has changed. This is actually a boring time for those who want to earn money from Bitcoin in a very short time. If it happened that if you invested in Bitcoin you would get rich very fast then everyone would invest here. It takes time on the one hand and patience on the other.

Having that kind of mindset of investing in something and expecting a big return real quick is a very poor mindset and can bring you into a dire situation because it can affect your decision if your plans falling into dire. On every asset investment, Patience is always a requirement since most of the time you can't really be rich overnight with your investment. There are many holders who's hoping bitcoin rise anytime now and it is possible since bitcoin just fluctuating on a certain value point. It can rise or fall.

For those starters then they would surely realized it on when this market shows on how it do moves.Majority specially to those who do only target out on making quick profits or even thinking to get rich in a short span of time will surely break out their expectations once they do engage it out.Things wouldnt go as planned and once they do lose up money then thats the time they do learned up their lesson.Patience is indeed  big factor
for an investor specially into this kind of market which is way too unpredictable.When it comes to bitcoins dominance then theres no absolute sureness about that because we wouldnt know that there would be an alt
that can overtake it in terms of demand and popularity in near future but those things do be discussed is just too early for these years to come.

[mace15]

I think according to existing data, that Bitcoin dominates the market until now. And I have never seen any other coins who can beat Bitcoin,
so it is not possible Bitcoin dominance coming to end. Maybe because of the popularity of Bitcoin far above other coins, then the demand for
Bitcoin is also high. So many people hold Bitcoin compared to other coins. What makes Bitcoin dominance difficult to beat because based on
coinmarketcap the Bitcoin dominance right now at 61.6%, the percentage is very high.

This is also I have observe that btc still have a high percentage dominance in the market. Even there are other alts competing over bitcoin I couldn't see it is above in bitcoin. Actually, other people always assume it could happen that bitcoin dominance will end but in my point, it is not.

[ufaiz50]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

I don't know much about the predictions of a distant future, because in my opinion it's a matter of dominance where the important role is user behavior. This is very difficult to guess because many users are in the cryptocurrency market where the crypto market is divided into many coins. actually dominance can change depending on which market the whale chooses to move in, but so far bitcoin has more appeal for whales. Many aspects can change the flow of water for crypto domination and this is not a simple analysis

[elisabetheva]

I think according to existing data, that Bitcoin dominates the market until now. And I have never seen any other coins who can beat Bitcoin,
so it is not possible Bitcoin dominance coming to end. Maybe because of the popularity of Bitcoin far above other coins, then the demand for
Bitcoin is also high. So many people hold Bitcoin compared to other coins. What makes Bitcoin dominance difficult to beat because based on
coinmarketcap the Bitcoin dominance right now at 61.6%, the percentage is very high.

This is also I have observe that btc still have a high percentage dominance in the market. Even there are other alts competing over bitcoin I couldn't see it is above in bitcoin. Actually, other people always assume it could happen that bitcoin dominance will end but in my point, it is not.

if anyone doubts the capacity of bitcoin is a mistake that is not well thought out.
strongly agree that until now it will be difficult for anyone to talk about crypto does not carry the name bitcoin, because bitcoin is a unit that is in great demand by many investors.

the existence of bitcoin will be difficult to be replaced by altcoin which is currently in circulation or altcoin which will grow new. The crypto market is very dominated by bitcoin and it can't be avoided by anyone.
as long as there are still many who trade of course because the interest on bitcoin is indeed very high.
it's hard to be able to get rid of bitcoin, if bitcoin is lost then it's also crypto.

[glowing10]

With a lot of crypto currencies going around, the dominance of bitcoin will surely drop. This is been a talk for a while and it doesn't matter if it falls, more crypto currencies will pop up and the money will not always fall to bitcoin. It doesn't spell the end of dominance of btc, this just tells us that more and more crypto currencies are circulating.

With the surge in altcoins the bitcoin demand due to price might fall compared to its currently position when looking at the future. Though will bitcoin not be a leader is something which is hard to think of, because still thinking that bitcoin will still continue to be market leader for many more time though the % usage of other coins may rise against bitcoin.

[Traderbtcc]

Relax guys,as long as I can tell they have been saying this same sh*t for a few years now, and it never happens, there's no way any alt coin can over throne bitcoin at the top spot, the only time it almost happened was back then in 2017 when ethereum came this close, although it still needed about $1billion market cap to reach bitcoin, the fact there is that bitcoin BTC will always be the king of all cryptos, I don't see bitcoin losing the top spot to any alt coin out there.

[FlightyPouch]

With a lot of crypto currencies going around, the dominance of bitcoin will surely drop. This is been a talk for a while and it doesn't matter if it falls, more crypto currencies will pop up and the money will not always fall to bitcoin. It doesn't spell the end of dominance of btc, this just tells us that more and more crypto currencies are circulating.

With the surge in altcoins the bitcoin demand due to price might fall compared to its currently position when looking at the future. Though will bitcoin not be a leader is something which is hard to think of, because still thinking that bitcoin will still continue to be market leader for many more time though the % usage of other coins may rise against bitcoin.

Well, these altcoins have their own functions but the main reason of its existence is for the investors to earn profit through time. Saying that, bitcoin's dominance may fall but the demand of it will surely increase as more altcoins exists in the market. Bitcoin will continue to lead the market, that is for sure.

[rodskee]

I think according to existing data, that Bitcoin dominates the market until now. And I have never seen any other coins who can beat Bitcoin,
so it is not possible Bitcoin dominance coming to end. Maybe because of the popularity of Bitcoin far above other coins, then the demand for
Bitcoin is also high. So many people hold Bitcoin compared to other coins. What makes Bitcoin dominance difficult to beat because based on
coinmarketcap the Bitcoin dominance right now at 61.6%, the percentage is very high.

The dominance indeed still there as being the first crypto that being introduced
and learned by more people.
There's a far achievements that bitcoin is currently holding and it's still getting
much attentions from both old and new investors.
In the sense of many alts that being introduced, we don't know what future for
each that will succeed, but the fact
where bitcoin still continue it's dominance over any other project is still superior.

[Assface16678]

If we are talking about the dominance this is the fiat currency and the USD but in terms of cryptocurrency, one of the best is still the bitcoin because by the time goes by there are a lot of people want to use this as an additional earning and some of them want to be included in the bitcoin knows the other coins which are the altcoins and now according to the OP tells that they are supporting the other coins which are not possible because they are not the only existing coins right now.

Right now the number of people which is supporting the use of the bitcoin is increasing and this is a good thing to spread the word of the bitcoin.

[tbterryboy]

A lot of speculations coming around this forum as well as in many other sites regarding the dominance if BTC is going to end, Are the alts going to take over???

Where as I went through few links where it states like big whales are targeting altcoins over BTC. Pretty cool 😎 but I still believe in this valuable asset because remember what happened in 2017 it rallied more than 1000%. So guys don't panic and take serious decisions have patience till it recovers BTC is still dominating and hopefully it will in upcoming. Link just for reference.

https://dailyhodl.com/2020/07/21/bitcoins-status-as-crypto-king-is-coming-to-an-end-predicts-blockchairs-nikita-zhavoronkov-heres-why/amp/

Don’t mind these people, Bitcoin’s dominance is not coming to an end, people just like to say trash all the time. Whenever they notice a slight decrease in Bitcoin and the price is going down they will all start saying things that are so annoying. This is not the first time they are saying things like this. A few times that I have seen the price of Bitcoin drop and altcoins starts to increase, a lot of people started saying that it’s time for altcoins to take over, but at the end it all never happened, Bitcoin still retained its position as the number one cryptocurrency in the market.

Altcoins cannot hold their dominance because in the history, no altcoin got consistent growth through out its life time. It means all altcoins are seaonal. They come and attarct some investor and then fade away when some superior innovation based coin arrives in this space. So, collectively all altcoins cannot dominate in this crypto space. I am sure even in worst case bitcoin dominance will stick above 40% for sure.

[olamidey]

I believe Bitcoin dominance would eventually come to an end, but I don't think anytime soon.

Alt coins will certainly take over Bitcoin in the future as many alt coins offer better use cause than what Bitcoin offers, however, there is unhealthy competition between alt coins, and it's not good for the cryptocurrency industry.

Ethereum was favored once upon a time, but it no longer stands a chance. Since Bitcoin is not centralized, and doesn't have a realistic team its dominance is fueled by its users, once people turn their backs on Bitcoin, it no longer stands a chance.

I hope i would be able to spot the next big cryptocurrency before it bulls.

[gabbie2010]

Targeting other altcoins by the whales wouldn't diminish the dominance of bitcoin a lot of investors researched and invest in bitcoin as the most popular and trusted crypto searches on google had proved that bitcoin is the most searched and probably the most sought crypto for now I wouldn't entertain any fear if some whales wanted to divert their portfolio to other altcoin bitcoin market Cap and volume traded daily is enough evidence to  prove that its dominance has come to stay and will continue to linger for a long time.

[Yamifoud]

No, I regret to believe this argument. Whales are just trying to manipulate our minds thinking that Bitcoin is becoming shit in the future coz truly is not the real situation we have. They are concerned about altcoins to drown hard and so they need to make a push for it to gain back its resistance, it is probably they are saving it, not in saying that they leaving Bitcoin for altcoin/s.

Bitcoin's dominance will never sink, it is still dominating over altcoins which makes people become unnoticed.

[panganib999]

I have already been hearing and reading about this for a couple of times since the past years that I have been starting my journey with cryptocurrency. But still that claim has never happened and it just remain as a mere statement because Bitcoin's dominance is still reigning on its top spot and no Altcoins have ever cross the line to replace Bitcoin on its top spot. Those were just rotating rumors and murmurs for how many times that have already took years and what I always say is that every crypto coins can have their possibility to improve and let us just see if there could be any Altcoin that will surpass Bitcoin and take its place to the top.

But up until now, the claim just remain to be claim because Bitcoin is not easy to be replaced for it have already its good reputation and it is continuously gaining more popularity making it still on the top spot.

[raidarksword]

I beg to disagree that bitcoin's dominance comes to an end because i see good movement right now and continues to pull up that currently reaching to $9500 as dominance is still strong despite the negativity of corona virus brought us. Adoption is still on us and keeps moving forward and inevitable success is still on going.

[enhu]

BTC dominance still is 60%. That is huge enough that won't drop instantly and though during the 2017 pump, the dominance decreased but I don't think it will actually push Bitcoin to have less dominance and will be replaced by another.  ETH far from having 50% because 40% is divided among the list of tokens in the market.

July 20, 2020 dominance percentage: