Bitcoin dominace is not decreasing

[purple_sparkles]

It is not possible to determine the real strength of a coin by dominance. Some altcoins sometimes get hyped and at that time they show good dominance in the market but it also disappears after a few days. If a coin is considered only by looking at dominance, then the chances of losing in investment will increase significantly. Sometimes some top altcoins including meme coins have dominance but it is never more popular than Bitcoin. Even if Bitcoin's dominance is 52 percent or less in the market, it can reach new heights again. People can trust it even after a long time. No other how particular a crypto has the global acceptance, which is why judging it only by dominance will be wrong.

I would say it's more about what the business and the people think about the market - do they fear or do they beileve.

I am inclined to think that Bitcoin is one of the most reliable options for long-term investment. It is clear that it has a certain cyclicality, but in the long term it still grows, and the growing interest of states and large investment funds will allow it to continue its growth. The same cannot be said about other cryptocurrencies - they are still a riskier option, especially various kinds of memecoins. It is important to understand that memecoins are the trend of this season, and the situation may change in the opposite direction later.

[aylabadia05]

When talking about dominance, we should look at how acceptable the coin is. Which coin is more acceptable as a means of payment?
Also, the popularity of the coin. Even though only a few percentage of the world holds bitcoin, a lot more percentage of the world know about bitcoin. They may not understand what it is, but they know bitcoin more than any other altcoin. There is no way you will know crypto and not know bitcoin, but you can know bitcoin and not know other altcoins, that's dominance.
We can even look at the coin with superior features. There's a reason big corporations choose bitcoin as their asset, and rumours of countries talking about bitcoin reserves. That's dominance.

Even Bitcoin is still the highest. And this is enough to prove that Bitcoin is the most dominating asset.

One of the advantages of Bitcoin that distinguishes from other coins is the amount that is fixed and can no longer be printed to increase.
Let alone 19 million or more coins or tokens that continue to be made and available in the crypto room as you say, so it increasingly makes Bitcoin dominating because of the dominance of birth because of the recognition based on functions and other things that people get in Bitcoin. The most common is that people can compare the best coins from the good.

Altcoin a lot so people will judge one or more to be chosen. But if you compare Altcoin with Bitcoin, only one Bitcoin is BTC.

[henry_of_skalitz]

I am inclined to think that Bitcoin is one of the most reliable options for long-term investment. It is clear that it has a certain cyclicality, but in the long term it still grows, and the growing interest of states and large investment funds will allow it to continue its growth. The same cannot be said about other cryptocurrencies - they are still a riskier option, especially various kinds of memecoins. It is important to understand that memecoins are the trend of this season, and the situation may change in the opposite direction later.

But what do you think about the BTC D. factor as a whole?

Surely, BTC grows in demand and relevance, that's a fact - but BTC D. is just this fact presented in a raw number, so to speak - eventually, attention goes from BTC to something that can be pumped more easily.

[justinlamode]

Bitcoin dominance is not expected to decrease, not now that Bitcoin is on it's way to the mainstream. So many great factors are in alignment with Bitcoin and there is a silence competition among many financial giants on the quantity of Bitcoin that have in their custody. Therefore, this is not the time to expect Bitcoin to slow down but a time where the dominance is even going to widen.

[HistoLock]

It is not possible to determine the real strength of a coin by dominance. Some altcoins sometimes get hyped and at that time they show good dominance in the market but it also disappears after a few days. If a coin is considered only by looking at dominance, then the chances of losing in investment will increase significantly. Sometimes some top altcoins including meme coins have dominance but it is never more popular than Bitcoin. Even if Bitcoin's dominance is 52 percent or less in the market, it can reach new heights again. People can trust it even after a long time. No other how particular a crypto has the global acceptance, which is why judging it only by dominance will be wrong.

However, even if Bitcoin's market dominance decreases, it can reach new heights again. People believe it is globally accepted, I think it is not right to analyze currencies in terms of dominance. It is like differentiating between bananas and lychees. When an altcoin becomes popular, dominance appears in the market, but after a few days it is not seen. So I would say it is not right to consider a currency by looking at dominance, if you do so, the possibility of loss in investment is high.

[Alpha Marine]

However, even if Bitcoin's market dominance decreases, it can reach new heights again. People believe it is globally accepted, I think it is not right to analyze currencies in terms of dominance. It is like differentiating between bananas and lychees. When an altcoin becomes popular, dominance appears in the market, but after a few days it is not seen. So I would say it is not right to consider a currency by looking at dominance, if you do so, the possibility of loss in investment is high.

I believe you can analyse currencies based on dominance. The problem becomes when people only think of market cap when they talk about dominance. If a coin has dominance, it will not fail easily. Those altcoins that fail after a while, even though they have a high market cap, don't have dominance.

Using the dollar, for example, it's the fiat currency with the most dominance in the world. That doesn't mean it is the highest currency. Currencies like the Kuwait dinar are higher than the dollar, so if you want to use the currency with the most value to rate currencies, you will have an inaccurate rating.
LIkewise marketcap. If I'm not wrong, the Chinese Yuan has a higher market cap than the US dollar, does that make the Yuan the more dominant Currency?

[Outhue]

Helloo, have you guys forget about the four year cycle already? Even if it doesn't work out the exact same way it always rhyme, if this is still very true then the dominance will eventually fall, I see so many people don't want to see the dominance fall, the question is why? Cos of the massive Bitcoin adoption?

If you are right why are millions of dollars going straight into Ethereum right now? I get the whole love for Bitcoin but saying dominance won't fall is like saying there will never be a bear market for Bitcoin anymore, also when people in crypto space start screaming that something won't happen it will happen in the end.

Many don't even know why Bitcoin dominance fall, when money start shifting from Bitcoin into others is when dominance takes a dive, you can't all cancel a truth, that's nothing goes up forever, this includes Bitcoin and it's dominance, stop the hate on other alts.

[Swordsoffreedom]

Helloo, have you guys forget about the four year cycle already? Even if it doesn't work out the exact same way it always rhyme, if this is still very true then the dominance will eventually fall, I see so many people don't want to see the dominance fall, the question is why? Cos of the massive Bitcoin adoption?

If you are right why are millions of dollars going straight into Ethereum right now? I get the whole love for Bitcoin but saying dominance won't fall is like saying there will never be a bear market for Bitcoin anymore, also when people in crypto space start screaming that something won't happen it will happen in the end.

Many don't even know why Bitcoin dominance fall, when money start shifting from Bitcoin into others is when dominance takes a dive, you can't all cancel a truth, that's nothing goes up forever, this includes Bitcoin and it's dominance, stop the hate on other alts.

Even if the 4year cycle doesn't repeat, there will come a time when bitcoin's dominance will decline and give way to altcoins. Because as you said, nothing goes up forever, and the crypto industry is not just about bitcoin and it is not the only potential coin.

After all, we are here for profit, to make money, not to form a new cult and worship something. But it is puzzling that many people have a conservative and stubborn mindset when hating altcoins and rejecting opportunities they can take advantage of to make bigger profits. This reminds me of traditional investors who are conservative and hate bitcoin, and that makes them miss out on a huge opportunity.
We always criticize them and say they are stupid for being stubborn, conservative and unwilling to innovate, but now many people are repeating that mistake. It is true that many altcoins are useless and scams, but that is not all, there are also many altcoins that have the potential to bring good profits in the future.

[Die_empty]

Even if the 4year cycle doesn't repeat, there will come a time when bitcoin's dominance will decline and give way to altcoins. Because as you said, nothing goes up forever, and the crypto industry is not just about bitcoin and it is not the only potential coin.

After all, we are here for profit, to make money, not to form a new cult and worship something. But it is puzzling that many people have a conservative and stubborn mindset when hating altcoins and rejecting opportunities they can take advantage of to make bigger profits. This reminds me of traditional investors who are conservative and hate bitcoin, and that makes them miss out on a huge opportunity.
We always criticize them and say they are stupid for being stubborn, conservative and unwilling to innovate, but now many people are repeating that mistake. It is true that many altcoins are useless and scams, but that is not all, there are also many altcoins that have the potential to bring good profits in the future.

I don't think Bitcoin dominance in the crypto industry will come to an end. Just like gold it will continue to be the most popular and prestigious crypto asset. Bitcoin price will always determine the market movement.

I used to have the same mentality that I should have nothing to do with altcoins until I saw how a close friend made some good profit from investing in some good ones. There is nothing wrong in identifying some good altcoins and investing in them to make some good returns. It might be risky but they might worth the risk.

[peter0425]

~snip

Bitcoin dominance is not decreasing and it's an obvious statistics that you can get by looking at both market cap and how much liquidity bitcoin has compared to the entire crypto ecosystem. Basically when bitcoin pumps it has a huge influence on the general market and that is part of the factors that determine the dominance of a particular currency over others.

Dominance can simply be decided by dividing the total market cap of crypto by bitcoin's and right now it is obvious that bitcoin remains the one on top. The past year, I do not think we really saw altcoins rise so maybe people now think that bitcoin has and will always dominate the market. And maybe that is right but dominance can definitely shift towards altcoins more and in fact has happened before. It is just that currently, the dominance remains to be on bitcoin's favor.

[Zaguru12]

I don't think Bitcoin dominance in the crypto industry will come to an end. Just like gold it will continue to be the most popular and prestigious crypto asset. Bitcoin price will always determine the market movement.

I used to have the same mentality that I should have nothing to do with altcoins until I saw how a close friend made some good profit from investing in some good ones. There is nothing wrong in identifying some good altcoins and investing in them to make some good returns. It might be risky but they might worth the risk.

Bitcoin dominance can never be surpassed, the only thing we will see is some drop in bitcoin dominance and not actually any coin surpassing it in dominance. For the drop too I don’t even predict that bitcoin will even reduce to 50% dominance again, the lowest we have seen over the year is a drop to 53% which occurred in December. Right not I don’t think we will actually get to see bitcoin going less than that, in fact I set the support at 58% for now.

As for buying Altcoins I don’t think anyone can deny the fact that some of them bring greater returns in short period of time but that’s how they die off in also a short period of time, they are simply pump and dump. Some that manages to stay live do not measure up to bitcoin interms of return, an example is Ethereum. It is not bad buying these Altcoins but it should be noted that they are simply gamble and not anything sort of an investment because they are no guaranteed return on investment after a long period of holding

[Swordsoffreedom]

I don't think Bitcoin dominance in the crypto industry will come to an end. Just like gold it will continue to be the most popular and prestigious crypto asset. Bitcoin price will always determine the market movement.

I used to have the same mentality that I should have nothing to do with altcoins until I saw how a close friend made some good profit from investing in some good ones. There is nothing wrong in identifying some good altcoins and investing in them to make some good returns. It might be risky but they might worth the risk.

I'm not saying bitcoin's dominance will end, I'm just saying it will decline in stages and over time. Because 10 years ago when many altcoins were not born, bitcoin dominance was over 90%. But over time, dominance has declined and has never returned to 70% in this cycle, and will likely continue to decline as more altcoins become stronger in the future. But like you said, it's not going to end and will still dominate the market, but that dominance will be just moderate enough for it to maintain its position as king of the market.

I also wouldn't be surprised if Bitcoin dominance drops to 5x% soon and altcoin season comes, and then it should be to maintain that percentage until the next cycle instead of going back to 6x%.


Regarding altcoins, although many people speak ill of them and deny their existence. But the truth is that they will continue to exist and thrive, and those who believe in them will also make big profits.

[HistoLock]

We definitely can't compare bitcoin dominance with any other coins even though they might be some doubt that bitcoin dominance was quite low at some point yet bitcoin has always been king amongst the cryptocurrencies, even though there might be some coins that has some features that makes them attractive enough yet it no way can stand bitcoin dominance.

Even during altcoins season bitcoin dominance wouldn't even go below what it is because it's the bed rock of all the altcoins that ever existed so they only rally because bitcoin did saw it's biggest ATH for the bull run.

Bitcoin's dominance is not decreasing, we have seen for a long time that Bitcoin is always at the top of the cryptocurrency when its price was low but it will reach higher levels over time and create new ATH. Bitcoin has many features that make people interested. I think it is not right to compare Bitcoin with any currency.

[betswift]

Bitcoin's dominance is not decreasing, we have seen for a long time that Bitcoin is always at the top of the cryptocurrency when its price was low but it will reach higher levels over time and create new ATH. Bitcoin has many features that make people interested. I think it is not right to compare Bitcoin with any currency.

It doesn't go up all the time, that's why people call such times alt seasons or meme seasons eventually

[Ivystar5]

We definitely can't compare bitcoin dominance with any other coins even though they might be some doubt that bitcoin dominance was quite low at some point yet bitcoin has always been king amongst the cryptocurrencies, even though there might be some coins that has some features that makes them attractive enough yet it no way can stand bitcoin dominance.

Even during altcoins season bitcoin dominance wouldn't even go below what it is because it's the bed rock of all the altcoins that ever existed so they only rally because bitcoin did saw it's biggest ATH for the bull run.

Bitcoin's dominance is not decreasing, we have seen for a long time that Bitcoin is always at the top of the cryptocurrency when its price was low but it will reach higher levels over time and create new ATH. Bitcoin has many features that make people interested. I think it is not right to compare Bitcoin with any currency.

If carefully examined, my statement was quite clear that bitcoin is supreme, superior and dominance it all sense however you might have a different perception of my post yet I will make it a bit more clearer that yes bitcoin is king it's not just a phrase but in actions, it shows dominance even the rarest moments, however it will keep dominating even though there might be emerge some kind of comparison some days in future which is not predicted just a guess might be wrong or right yet before we anticipate those times bitcoin still remains dominant as the root cryptocurrencies and now even in terms of investment that can return profits within just a few years like 4years.

[fuguebtc]

Bitcoin dominance can never be surpassed, the only thing we will see is some drop in bitcoin dominance and not actually any coin surpassing it in dominance. For the drop too I don’t even predict that bitcoin will even reduce to 50% dominance again, the lowest we have seen over the year is a drop to 53% which occurred in December. Right not I don’t think we will actually get to see bitcoin going less than that, in fact I set the support at 58% for now.

As for buying Altcoins I don’t think anyone can deny the fact that some of them bring greater returns in short period of time but that’s how they die off in also a short period of time, they are simply pump and dump. Some that manages to stay live do not measure up to bitcoin interms of return, an example is Ethereum. It is not bad buying these Altcoins but it should be noted that they are simply gamble and not anything sort of an investment because they are no guaranteed return on investment after a long period of holding

During the 2021 bull run, bitcoin dominance dropped from 70% to below 40% and if people still believe history will repeat itself. I think Bitcoin dominance dropping below 40% again is normal.


As for altcoins, I agree with you that investing in altcoins is like gambling, but many altcoins are worth investing in, not just ETH. We will soon see ETFs of XRP, Sol or even Doge, and investing in them now has the potential to yield even better returns than bitcoin in the long run. Because bitcoin's cap is no longer small and the smaller the market cap, the better the growth opportunity.

During the 2021 bull season, ETH's ROI outperformed BTC and I wouldn't be surprised if the same thing happens again. Those who buy ETH in 2022 at under $1k will have a better chance of making a profit than those who buy BTC at under $20k when this bull season ends.

[ultrloa]

We definitely can't compare bitcoin dominance with any other coins even though they might be some doubt that bitcoin dominance was quite low at some point yet bitcoin has always been king amongst the cryptocurrencies, even though there might be some coins that has some features that makes them attractive enough yet it no way can stand bitcoin dominance.

Even during altcoins season bitcoin dominance wouldn't even go below what it is because it's the bed rock of all the altcoins that ever existed so they only rally because bitcoin did saw it's biggest ATH for the bull run.

Bitcoin's dominance is not decreasing, we have seen for a long time that Bitcoin is always at the top of the cryptocurrency when its price was low but it will reach higher levels over time and create new ATH. Bitcoin has many features that make people interested. I think it is not right to compare Bitcoin with any currency.

If carefully examined, my statement was quite clear that bitcoin is supreme, superior and dominance it all sense however you might have a different perception of my post yet I will make it a bit more clearer that yes bitcoin is king it's not just a phrase but in actions, it shows dominance even the rarest moments, however it will keep dominating even though there might be emerge some kind of comparison some days in future which is not predicted just a guess might be wrong or right yet before we anticipate those times bitcoin still remains dominant as the root cryptocurrencies and now even in terms of investment that can return profits within just a few years like 4years.

Not surprising to think about that since somehow people focus are always with Bitcoin. If people talk about cryptocurrency Bitcoin will be the top and most common coin that they remember.

That's why this coin will always remain relevant even if they say altcoin season would came or Bitcoin would start to collapsed due to whatever fuds they spread.

Bitcoin will be the top choice that's why the progress is so fast and we could see that lots of countries including those corporate institution are now interested to buy this then create a corporate reserve. So far countries taking part of it is bullish and somehow gaining good profits with Bitcoin.

[yhiaali3]

While Bitcoin's dominance is primarily related to the market value of Bitcoin versus Altcoin, in my opinion dominance primarily reflects investor confidence in Bitcoin.

In the example you gave about Shiba Inu, assuming its value reaches $1, I don't think it will replace Bitcoin in the market because investors won't give up Bitcoin to buy Shiba Inu. Therefore, the market cap of Shiba Inu will remain low against Bitcoin even if its price rises to $1.
The same applies to other altcoins, so I believe dominance is related to confidence before price.

[Franctoshi]

Majority of people are beginning to differentiate and understand what Bitcoin and Altcoins are, Bitcoin dominance is not decreasing because of a lot of factors, such as increased buyers on the institutional side of investors via ETFs, also Bitcoin has Maintained its dominance because people are not certain about Altcoins and has more of their investment in Bitcoin .
Cases like war, and geopolitical tensions makes people to stick with Bitcoin rather gambling with Altcoins.

[Zaguru12]

During the 2021 bull run, bitcoin dominance dropped from 70% to below 40% and if people still believe history will repeat itself. I think Bitcoin dominance dropping below 40% again is normal.

Yes the bitcoin dominance on the overall market was heavily reduced in the last bull run and it was the reason for the reason for the explosive price increase or bull market by the Altcoins, many people still believe that for this kind of bull run to happen again that a similar reduction in bitcoin dominance must have to happen to again, with the dominance coming below 50%. But the reason why I and some people are actually thinking it wouldn’t be affected heavily like that is because of the influx of institutions buying bitcoin now, I don’t think this institutions are going to dump on bitcoin like when weak hands were doing before in the past to move to Altcoins I think they will be holding their bitcoin till the end and even buying more which signifies little hope for altcoin dominance increase.

The other reason is other investors are actually looking towards bitcoin as a safer investment than gambling their money on lots of Altcoins now, in the past bull run they were far less Altcoins in the market and there wasn’t so many pump and dump like we have today, so as to avoid putting in money into just any coin.

As for altcoins, I agree with you that investing in altcoins is like gambling, but many altcoins are worth investing in, not just ETH. We will soon see ETFs of XRP, Sol or even Doge, and investing in them now has the potential to yield even better returns than bitcoin in the long run. Because bitcoin's cap is no longer small and the smaller the market cap, the better the growth opportunity.

During the 2021 bull season, ETH's ROI outperformed BTC and I wouldn't be surprised if the same thing happens again. Those who buy ETH in 2022 at under $1k will have a better chance of making a profit than those who buy BTC at under $20k when this bull season ends.

Yes I don’t deny the fact that some altcoins outperforms bitcoin in a short period of time as you have highlighted happened in the last bull run, but seriously the likes of Altcoins to do not actually enjoy such money been flow into them again, for example of the bitcoin dominance reduced in the past it was flown into few Altcoins like Ethereum and few others but now with almost 19 million tokens the money will spread that most of these coins will not recieve the same or similar amount of money been invested into them again.

As for the Market cap do you think it still takes people attention to invest into coins