Can Bitcoin kill other crypto?

[|MINER|]

Have you checked the altcoin market and bitcoin dominance lately? Bitcoin dominance has dropped from 65% to 60% and will soon continue to drop to 50% or even 40%. Along with that, the altcoin market is showing signs of strong growth led by ETH as ETF cash flows have been consistently higher than bitcoin in recent days.
I am pretty confident and betting that once ETH breaks ATH it will trigger altcoin season and history will repeat itself again.
Crypto is just a speculative market, and its performance depends more on manipulation than supply and demand. Altcoin season hasn't arrived yet simply because it's not the right time. Like every cycle before it, altcoin season only comes when there are not many people who believe in it anymore, it only appears when most people have sold their altcoin bags and believe that bitcoin is the only coin will go up in price.
History repeats itself once again.

Currently, I can see that Bitcoin has a dominance of 59.7% .
And at the same time I do not think that the altcoin season will come in the market due to the decrease in Bitcoin's dominance by only around 4.69%.
Because before this, when the market created its first bull market in December 2024, Bitcoin's dominance in the market was around 54%. Even then, we did not see a very good performance of altcoins in the market.
And now those who are saying that a alt season will come even it is after bear trap, this seems ridiculous to me. I would say it's just a FOMO of the market.

[SamReomo]

And now those who are saying that a alt season will come even it is after bear trap, this seems ridiculous to me. I would say it's just a FOMO of the market.

If Bitcoin continues to remain over $115k then things will surely be positive for the whole market and there's chance to see alt coins going up as well. I believe in next few months the market will be at its peak and by then there's chance that most of the alt coins will be at their peak and few of them might form new ATH's by then.

[Victorybit1]

Bitcoin has always been on top and it always appreciates more in value compared to altcoins. There are lots of altcoins that are no longer valuable or should I say that they have faded away but Bitcoin still stands strong. When you are considering to make a long term investment in the crypto space you must think about Bitcoin first. Altcoins should be for people who are trading, be it a swing trade or whatever they prefer

[Razmirraz]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

The crypto market does not adopt the law of the jungle "the strong kill the weak", the market cycle is purely determined by demand, supply and the confidence of traders and investors. Bitcoin quality is unquestionable, everyone knows this coin is the King of Cryptocurrencies, but that doesn't mean it preys on weak coins.

There are several reasons why coins with weak fundamentals fail to survive in the market or even disappear from circulation. These are all due to lack of adoption, lack of features that attract investors, and security issues. Competition in the crypto market is very competitive, it needs to compete fiercely with other cryptos to gain interest from investors, regulatory changes also determine their fate, if these coins do not comply with established regulatory standards, then you need to think twice about investing in coins like this.

Bitcoin has stood on its own without needing help, support and without having to nudge other coins, so even if new coins are able to survive for a long time, their existence will never disturb Bitcoin position.

[hero_the_bossman]

Bitcoin has always been on top and it always appreciates more in value compared to altcoins. There are lots of altcoins that are no longer valuable or should I say that they have faded away but Bitcoin still stands strong. When you are considering to make a long term investment in the crypto space you must think about Bitcoin first. Altcoins should be for people who are trading, be it a swing trade or whatever they prefer

ETH, SOL, and the rest of the big caps can be hodled too - but alas, BTC would still be a better option to do so.

[EarnOnVictor]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time.

Altcoin will always exist, it can't be Bitcoin alone. This will even be boring. I will always advocate for a healthy competition, and not a monopoly. And of course, Bitcoin is at a distant gap winning altcoins, and this will likely remain forever. But this doesn't mean altcoins will cease to exist, some will. Similarly to what you said, what I envisaged is that all sectors of altcoins (L1/L2, AI, DeFi, meme etc) will have their coins/tokens holding well, no matter how little, forever.

[melinoe]

Altcoin will always exist, it can't be Bitcoin alone. This will even be boring. I will always advocate for a healthy competition, and not a monopoly. And of course, Bitcoin is at a distant gap winning altcoins, and this will likely remain forever. But this doesn't mean altcoins will cease to exist, some will. Similarly to what you said, what I envisaged is that all sectors of altcoins (L1/L2, AI, DeFi, meme etc) will have their coins/tokens holding well, no matter how little, forever.

Agreed.

BTC is there to show that others may lack or not lack: it's like the same with fiat in case if it were only BTC on the market, alternatives are needed everywhere.

[kotajikikox]

Altcoins should be for people who are trading, be it a swing trade or whatever they prefer

Altcoins are known to usually be preferred by those who want quick profits. They are not very known for long term holding because they usually end up dumping after only a few months and they never get another ath. Only very few altcoins remain relevant today like ethereum. But it is also not reaching new aths from what I know.

[Marvell1]

Altcoins should be for people who are trading, be it a swing trade or whatever they prefer

Altcoins are known to usually be preferred by those who want quick profits. They are not very known for long term holding because they usually end up dumping after only a few months and they never get another ath. Only very few altcoins remain relevant today like ethereum. But it is also not reaching new aths from what I know.

Those who invested in ETH in 2015 when ETH was under $1, or those who invested in XRP at under $0.005, or those who bought BNB or Sol at under $0.1...Although their profits are not as large as those of early bitcoin investors, they can still make millions, even billions of dollars. And in previous bull cycles, most have delivered enviable returns. So is it correct to say that altcoins are not worth investing in long term?

In the current cycle, although ETH and many altcoins are underperforming bitcoin, the cycle is not over yet, so it is still too early to confirm anything. ETH has yet to break ATH but is already at least 3x higher than its lowest since the 2022 bear season. Meanwhile, if I remember correctly, Solana also went from $8 to $290 in 2024 before dropping back to $200 where it is now.
If we are fair and unbiased, is investing in altcoins as bad as many people say?

This cycle is not over yet and I wouldn't be surprised if the rest of the ETH cycle outperforms bitcoin and altcoin season comes. At that point, not only will they break ATHs, but the prices of many altcoins could increase x10, x20, or even x100.

We are in the financial market and we should seize the opportunity if there is one, we should not be stubborn and conservative to miss out on great opportunities.

[Pablo-wood]

Those who invested in ETH in 2015 when ETH was under $1, or those who invested in XRP at under $0.005, or those who bought BNB or Sol at under $0.1...Although their profits are not as large as those of early bitcoin investors, they can still make millions, even billions of dollars. And in previous bull cycles, most have delivered enviable returns. So is it correct to say that altcoins are not worth investing in long term?

The difference in long-term investment returns between these listed coins and Bitcoin when it was trading at $10,000 is very marginal, I can't compare any of this coin to when bitcoin was even trading below $1k.

It is true many got millions from the listed coins and some who made those returns lost them in other fake and shitty projects where they hoped to make more returns thinking all projects were meant to make good yields on long term investment plan.

We are in the financial market and we should seize the opportunity if there is one, we should not be stubborn and conservative to miss out on great opportunities.

Yeah opportunities shouldn't be neglected but at the same time extreme caution and precaution is needed when investing in altcoins. Not everything that seems nice from the start has the potential to withstand the market waves and volatility.

[Furious 7]

They died because of fundamentals or even unclear projects why should it be linked as if bitcoin killed them because I think this condition although munkgkin some can be considered reasonable when altcoins follow in the footsteps of bitcoin but saying bitcoin killed altcoins I don't think it has any connection.
Because after all, altcoins or even shitcoins that die depend on their development, especially now that it is very easy to create coins and their creation varies, some are even for mass fraud or maybe hype so they will not be able to maintain this condition for the long term because they realize that the projects they create are only temporary.

But even so they will clearly try to follow in the footsteps of bitcoin, especially in terms of price where bitcoin increases in terms of value, they will also expect the same thing but on the other hand they also will not deny if this is only temporary for them in contrast to bitcoin which is indeed functioning for the long term.

The reason for creating them is base less without future and aim, and so they will die , just like what a lot of the cryptos are experiencing
Bitcoin creation was for a purpose, as an alternative means of transaction and since it has being achieving its aim and purpose, that is why it has kept improving in it's adoption .

As I mentioned earlier, the goal of most altcoins or even shitcoins is only for a momentary system where they only focus on hype so that this becomes a quite striking difference in the end where when progress for the long term is made bitcoin will be very different from shitcoin which only wants momentary profit with hype and pump and dump quickly.

So don't be too surprised when later many altcoins or shitcoins die even though they have been quite successful with unreasonable pumps because they will only end up being dumped and will look for new shitcoins or projects to be developed briefly as well.

This scheme keeps repeating itself and it cannot be denied that there are not a few projects that grow quickly and end quickly too, it does not mean that their basis and concept are bad but indeed the goal was made from the beginning, it was like that in contrast to bitcoin which did focus from the beginning in addition to alternative purposes as their payment also the scheme is long-term and it is proven where they have determined the total number of bitcoins and will run out in a century later indicating that they are serious about the long-term development they want to create.

[|MINER|]

If Bitcoin continues to remain over $115k then things will surely be positive for the whole market and there's chance to see alt coins going up as well. I believe in next few months the market will be at its peak and by then there's chance that most of the alt coins will be at their peak and few of them might form new ATH's by then.

However, as we have seen in other seasons, when Bitcoin recovers from a bear trap and creates a new all-time high price, the market is very risky. Because at this time, there is a high probability of a market falldown and at the same time, FOMO is created among the common people in the market, due to which most people make the wrong decisions.

And I don't really think we'll see an altcoin season this season. If we really did see an altcoin season, we would already have some signals going on, like the price of Ethereum maybe crossing its previous all-time high.

[Alpen]

I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence

Bitcoin is simply in a league of its own. Comparing BTC to altcoins is like comparing gold to stocks — completely different level of value and purpose.

[alani123]

2021 to 2023 BTC dominance remained below 50%. Is the dominance indicator perfect? Of course no! But it's indicative of some things.

The altcoin boom that we've continuously been experiencing since the explosion of sidechains and smart chains and whatnot. The explosion of shitcoins, memecoins and tokens and even "utility" coins that really had no future to begin with, started blowing up in the market.

In the meantime, the rise in Bitcoin's price was greater and therefore the dominance returned to around 60% steadily. We'll have to see how this plays from here on out. Memecoins and the likes are still prevalent, but not taking as much of the market as BTC.

[Smack That Ace]

And I don't really think we'll see an altcoin season this season. If we really did see an altcoin season, we would already have some signals going on, like the price of Ethereum maybe crossing its previous all-time high.

And have you checked ETH price, or have you followed ETH ETF and BTC ETF flows in recent days? I just checked them this morning and if I remember correctly BTC ETF inflows are -68 million while ETH ETF inflows are +533 million and Sol is +12 million. Another thing you should know is this has been going on for over a week, not just today. What do you think about this?
Not to mention, BNB also hit a new ATH today after almost 4 years although that's still not a good growth, or XRP also recovered above $3.6.

Agreed that this year's bull season is quite different than every other year but that doesn't mean altcoin season won't come and the market is dedicated to bitcoin. Contrary to you, I never believed in it and never doubted the altcoin season because the crypto industry cannot survive with just bitcoin and bitcoin maximalists.

By the way, I'm quite happy that until now there are still many people who doubt and even don't believe in alt season, the more people who don't believe, the better sign it is for alt season.

[nemesis_incarnate]

2021 to 2023 BTC dominance remained below 50%. Is the dominance indicator perfect? Of course no! But it's indicative of some things.

The altcoin boom that we've continuously been experiencing since the explosion of sidechains and smart chains and whatnot. The explosion of shitcoins, memecoins and tokens and even "utility" coins that really had no future to begin with, started blowing up in the market.

In the meantime, the rise in Bitcoin's price was greater and therefore the dominance returned to around 60% steadily. We'll have to see how this plays from here on out. Memecoins and the likes are still prevalent, but not taking as much of the market as BTC.

And it's better to stay that way: I would rather see the dominance to settle on BTC for as long as possible than to see it go off to others, where it's not as stable and can be snatched like a rug out of you.

[Swordsoffreedom]

Currently, I can see that Bitcoin has a dominance of 59.7% .
And at the same time I do not think that the altcoin season will come in the market due to the decrease in Bitcoin's dominance by only around 4.69%.
Because before this, when the market created its first bull market in December 2024, Bitcoin's dominance in the market was around 54%. Even then, we did not see a very good performance of altcoins in the market.
And now those who are saying that a alt season will come even it is after bear trap, this seems ridiculous to me. I would say it's just a FOMO of the market.

Bitcoin dominance has dropped more than 4% but also brought ETH to $3k8, 3x higher since the 2024 low, or many meme coins like Pengu have increased 10x since their lowest bottom. What happens if DOM drops below 54% or below 40%?


If you study money flows in previous cycles, you will see that money always flows into bitcoin first. So comparing DOM of December 2024 with now is not accurate, because at that time money was pouring into bitcoin. So it is no surprise altcoin prices are unlikely to rise at that time. But if BTC.D drops from 64% to 54% from now, that's a different story.


Since you're only investing in bitcoin, it's not hard to see why you don't want altcoin season to come. But the market does not move according to our thoughts and desires. Just because we believe and hope it won't happen, doesn't mean it definitely won't happen. Let time tell.

[madnessteat]

~snip~

You are also correct, but if we look at most of the projects out there and their pattern, you will notice that what they usually talk about is making something better. Where they think a particular network is not doing fine, they offer a better service, like in terms of fees, fastness, and many others. This is one of the reasons why we have so many smart chains and layer 2 projects because they want to make things better.

It seems that the main purpose of creating second-level networks is to make money, since they could all use ETH to pay for transactions, but their funds launch their own tokens. In my opinion, it would be better to change the Ethereum network than to create so many L-2 solutions working on top of this network. I believe that over time, many people will come to understand that when the network performs all operations at the first level, it is much more convenient.

People like to compare everything, so even if networks do not seek to compete, their users somehow point out the advantages of some over others.

[henry_of_skalitz]

~snip~

You are also correct, but if we look at most of the projects out there and their pattern, you will notice that what they usually talk about is making something better. Where they think a particular network is not doing fine, they offer a better service, like in terms of fees, fastness, and many others. This is one of the reasons why we have so many smart chains and layer 2 projects because they want to make things better.

It seems that the main purpose of creating second-level networks is to make money, since they could all use ETH to pay for transactions, but their funds launch their own tokens. In my opinion, it would be better to change the Ethereum network than to create so many L-2 solutions working on top of this network. I believe that over time, many people will come to understand that when the network performs all operations at the first level, it is much more convenient.

People like to compare everything, so even if networks do not seek to compete, their users somehow point out the advantages of some over others.

It's in our nature to compare - we compare BTC to all kind of coins even though it's not competing with them for real, just coexisting.

And, overall - yeah, L2s are for convenience and better fees / etc., but it comes from the lack of such things on the main layer, or to profit, as you said 

[Aanuoluwatofunmi]

Bitcoin was not created to fight any other currency, but stand as a unique digital currency in which everyone wanted to use and have the necessary and required financial freedom when using, other cryptocurrencies are coming after the likes of bitcoin as they continue to make moves to be the same way bitcoin has been appearing, they are the one coming after the likes of bitcoin, bitcoin stand to lose or struggle for anything, while other cryptocurrencies are running after the chase to be close to it's utility and value.