BTC losing its dominance big time

[Furious 7]

Bitcoin dominance keeps dropping mates  ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Some altcoins have already experienced positive dynamics and some will probably join in as well. However, I think the change in BTC dominance is still minor to talk about a general tendency, and I don't think that there is anything similar to the 2017 altcoin boom happening in the near future. Back then, there were ambitious projects making big promises and people investing in ICOs due to FOMO. With people being disappointed after that time, I don't think that it's possible for altcoins to suddenly bloom again. Some of them might (Ethereum, Litecoin, Polkadot), but it's hard to predict the overall tendency now.

Now a lot of altcoins have bloomed again because indeed FOMO nowadays a lot of trends have happened this is because the dynamics of BTC have soared so I think altcoins will follow the market flow how the moves are going to happen, look at FOMO it's still happening people keep hunting for altcoins even they don't care if it's a big project promised even though this is only FOMO where they want big profits even though in this case it will make altcoins bloom even more.
So the DeFi trend has become everything plus BTC has a new ATH here, a lot of trusts is coming back that was left behind.

[LongTimeAgo]

Isn't it natural that Bitcoin dominance will continue to decrease as a total % of total crypto market cap, simply because there can be an INFINITE amount of shitcoins that can be introduced into the market, but only 1 Bitcoin?

This means that while bitcoin dominance may continue to decrease as a total %, it is HIGHLY unlikely that any other shitcoin will ever dethrone Bitcoin in terms of market cap. Bitcoin has already won the race.

[slaman29]

Isn't it natural that Bitcoin dominance will continue to decrease as a total % of total crypto market cap, simply because there can be an INFINITE amount of shitcoins that can be introduced into the market, but only 1 Bitcoin?

This means that while bitcoin dominance may continue to decrease as a total %, it is HIGHLY unlikely that any other shitcoin will ever dethrone Bitcoin in terms of market cap. Bitcoin has already won the race.

Kinda what I was trying to point out there earlier in this thread too.

Dominance doesn't matter at all because we all know that shitcoins will continue to come and in fact they do daily. Unlimited tokens and unlimited growth. When it all falls apart, real value flows back to Bitcoin, this much we know. And defi shitcoins will be the first to go in the next wave of dumping.

[jerry0]

Is anyone else concerned about this as well.  Even though btc is going up, the other coins are going up a much higher percentage than btc. 

[bandungan]

look now brother, the dominance of bitcoin is now back high, within a month bitcoin was able to set a record for the best price. I think it is Bitcoin advantage to dominate this season and the season continues

[isaac_clarke22]

Would still hodl regardless of what is happening right now.
Right now it got breach pass to 60k+ which is another ATH we got for Bitcoin.
Everyone is eyeing on 80k and it ain't possible to get there anytime soon, OP.

[bakasabo]

look now brother, the dominance of bitcoin is now back high, within a month bitcoin was able to set a record for the best price. I think it is Bitcoin advantage to dominate this season and the season continues

Actually Bitcoin dominance is not back. When 63-65% of all market transactions were connected with Bitcoin, it was called a dominance. Neither it is an altseason; true altseason. But really happened - is that part of Bitcoin dominance migrated to Ethereum and BNB. That is it.
From might point of view, this is just a migration of trading masses to other altcoin. This is no a lose of regain of dominance at the moment.

[mezzaluna]

Bitcoin dominance keeps dropping mates  ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Its weird to say BTC losing dominance when it is still the Top 1 Cryptocurrency that has this high value. Its losing its dominance in terms of being traded I guess because most users within the Crypto Industry have already found ways to earn in another way without having to interact with Bitcoin. They can now trade in terms of Ethereum and doing that is much profitable for other people. Being new within the Cryptocurrency Industry, they will surely buy Bitcoin and trade using Bitcoin because its one of the easiest way to do trading.

[Renampun]

Bitcoin dominance keeps dropping mates  ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Bitcoin rally is not over yet, you will be surprised at the new record ATH being set...
Cryptocurrencies currently don't seem to be 'history repeat itself'. I only see the cryptocurrency rally, which includes all cryptocurrencies including Bitcoin and Altcoins. *take a risk? yes, it must be done

[BrewMaster]

as it was expected as bitcoin price started rising back up again we saw another altcoin dumping  again which also means the bitcoin dominance is going to go back up again unless bitcoin price decides to become stable again we have to expect the same altcoin dumping to continue in size as the money exists the pumping market and comes back to bitcoin market.

[Wawa2013]

Even though the dominance of Bitcoin has risen again, Bitcoin dominates the market 53% which is still low in my opinion. I believe Bitcoin will
side away at $ 60k- $ 63k in the next few weeks, this provides an opportunity for altcoins to pump again. So now is a good time if anyone wants
to buy altcoins, because the prices of some altcoins are experiencing a correction.

[Lorence.xD]

as it was expected as bitcoin price started rising back up again we saw another altcoin dumping  again which also means the bitcoin dominance is going to go back up again unless bitcoin price decides to become stable again we have to expect the same altcoin dumping to continue in size as the money exists the pumping market and comes back to bitcoin market.

I would say that when bitcoin reaches 70k, it will probably stabilize there and then it will lose its dominance for awhile and then it will continue its climb, we don't know if that is going to happen though but I am hoping that it will be the case.

[Willitivity]

Bitcoin dominance keeps dropping mates   ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

Didn't altseason started several months ago? Bitcoin's dominance was above 68 sometime in August - September last year. The fact that it dropped to this low of 50s shows that altcoins growth have dragged the dominance down a great deal. If you guys think this is is just starting, I wonder how low you guys think Bitcoin's dominance would be when altseason for this bull run peaks. 20 - 25 likely? That looks unlikely to happen but this is crypto. Judging from ETH and BNB keeps jumping in price and how new tokens gets added, I won't be that much surprised. This is crypto. But I think altseason started a long time again like November last year or so.

[decodx]

Even though the dominance of Bitcoin has risen again, Bitcoin dominates the market 53% which is still low in my opinion. I believe Bitcoin will
side away at $ 60k- $ 63k in the next few weeks, this provides an opportunity for altcoins to pump again. So now is a good time if anyone wants
to buy altcoins, because the prices of some altcoins are experiencing a correction.

First and foremost i would like to mention that I am betting long term on Bitcoin. I think Bitcoin will have a decline but I think it will rise again after this drop. Prices have rallied so rapidly in the last few months that the cryptocurrency market cap has grown to over $2.2 trilion, up from about $200 billion this time last year. It has been a great year so far and many coins have risen substantially. For those that did buy early you're now experiencing solid profits.

But, Bitcoin is still on my "watchlist", its growing the most in a healthy growth pattern now.

[so98nn]

I don't see this kind of devaluation for the bitcoin at all. On one side we are discussing the loss of dominance for BTC, however, on the other hand BTC just reached its NEW ATH. If that's happening then for sure in layman language it's dominance is still perfect. Yes, the alts are pumping to because the market is full of craze right now and this year we have seen increased investments in both the sides of crypto. I suspect, institutional investors will keep the BTC dominance always on and while it's costing more to buy BTC rest of the people who lay down the line will go on buying the altcoins. This way both market stays bullish.

[bobyhodob]

Always take risks in crypto because we also don't know sometimes tomorrow or the price will go up or down because sometimes buying late when it's cheap is more miserable than buying it now

[AniviaBtc]

Bitcoin dominance keeps dropping mates  ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

My opinion is the opposite.  Bitcoin has never lost its dominance, with bitcoin's market cap regularly> 60% of total market cap.  It happened similarly to 2017 but even better this year.  Bitcoin becomes a symbol of wealth at this point.  Except for fomo that give a great boost to resilience like Doge.  It still moves in an elastic trend with bitcoin.

Bitcoin never loses its dominance it is in fact undergoing some slow-down season where its price is just not moving so much.

You can invest on both, bitcoin and altcoins depending on your capabilities to make it profitable for you.

It can only have a rest and then experience bullish run again depending on its season, it is really hard to predict when bitcoin and other cryptocurrency will increase its price in the market. Studying the market, analysis, and skills is a must in order to know how bitcoin can be still become profitable during its inactive price.

[Sled]

I don't see this kind of devaluation for the bitcoin at all. On one side we are discussing the loss of dominance for BTC, however, on the other hand BTC just reached its NEW ATH. If that's happening then for sure in layman language it's dominance is still perfect. Yes, the alts are pumping to because the market is full of craze right now and this year we have seen increased investments in both the sides of crypto. I suspect, institutional investors will keep the BTC dominance always on and while it's costing more to buy BTC rest of the people who lay down the line will go on buying the altcoins. This way both market stays bullish.

Perhaps it is to believe that Bitcoin will keep its market's dominating power till forever. People love and trust Bitcoin which is obviously not deniable. we may say that some get disappointed and lose in Bitcoin but many were also benefiting from this. Besides, the current bitcoin price tells something that the majority were investing in Bitcoin, not altcoins. But base on my observation, altcoins will also have the rally after Bitcoin, it happens in the previous and it also happening back again. However, we can still see that Bitcoin still dominating the market even we can see that some altcoins are already in x5, x10, and more.

[Dave1]

I don't see this kind of devaluation for the bitcoin at all. On one side we are discussing the loss of dominance for BTC, however, on the other hand BTC just reached its NEW ATH. If that's happening then for sure in layman language it's dominance is still perfect. Yes, the alts are pumping to because the market is full of craze right now and this year we have seen increased investments in both the sides of crypto. I suspect, institutional investors will keep the BTC dominance always on and while it's costing more to buy BTC rest of the people who lay down the line will go on buying the altcoins. This way both market stays bullish.

Exactly, we still hit another milestone this month even if the dominance is going down. So I don't know how we are going to correlate this indicator. Bitcoin is in a bull run and so are other alts as well. Maybe its time that we don't like on the dominance or at least not look at it as something that will indicate that we are still in a bull run or entering a bearish phase. It seems that is has no bearing since bitcoin's fundamentals has change already.

[michellee]

Even though the dominance of Bitcoin has risen again, Bitcoin dominates the market 53% which is still low in my opinion. I believe Bitcoin will
side away at $ 60k- $ 63k in the next few weeks, this provides an opportunity for altcoins to pump again. So now is a good time if anyone wants
to buy altcoins, because the prices of some altcoins are experiencing a correction.

I've got the same feeling as you because I tried to see the market today. It seems the altcoin is not moved higher or lower but it remains to the one level price, so that can be a sideway moment for the crypto market. But I guess that can be a good time for the other altcoin to lift the price while bitcoin is not moving anywhere. I am sure bitcoin dominance will be back in the market and that it is only a matter of time for bitcoin to lift the price again and I am sure that can trigger the price to break the next ATH.