Is bitcoins dominance coming to an end?

[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: