Will Bitcoin market dominance stay high forever?

[cr1776]

Every day, we see new altcoins pop up in the market. Some existing altcoins rise in price at a faster pace in Bitcoin, taking a significant portion of its market share. ETH is a good example of this. Despite all of the buzz surrounding altcoins, Bitcoin's market dominance is still high (for obvious reasons). However, some believe that could change in the future as more liquidity enters the crypto market.

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Your input would be greatly appreciated. Thanks.

Anything is possible, but bitcoin has the highest security level, the most distributed developer base, and a huge number of nodes.  Of course that could change, but all that is extremely valuable and it would be a huge challenge to see a reason to do so.

[free-bit.co.in]

I don't believe bitcoin will decline in dominance in the future, but rather will continue to increase over time while altcoins still won't be able to match bitcoin's dominance until whenever.

Even though I am too optimistic but still believe bitcoin will continue to increase.

Some people say in the future anything can happen, yeah that's true but there will be more liquidity coming to bitcoin than altcoins.
As bitcoin goes up in price - then market dominance will continue to increase, whereas we have a bitcoin cycle to look forward to with a 2x or 3x increase.

Bitcoin price will continue to rise and liquidity will increase but that does not mean its dominance will increase. Because altcoins will also grow and the altcoin market will probably even get bigger as more and more projects are created and developed more evenly. That could reduce bitcoin's dominance, and even that has been happening for years. Because if you check the chart of bitcoin dominance you will see it is decreasing over time not increasing like you think.
https://coinmarketcap.com/charts/bitcoin-dominance/

[Mate2237]

Bitcoin will always have the dominance in the crypto market because it's designed to be that way, what you need to understand is that all other crypto currencies are only trying to imitate Bitcoin which they has not been successful to. Altcoins doesn't have what its takes to rival Bitcoin in the crypto market because in terms of Volatility Altcoins can't be trusted they are highly unstable making it difficult for investors to trust them with their money because the probability of getting your profit back is very low as altcoins can stay down for an extended periods of time.


This is way Bitcoin is the most liquid crypto in terms of market capitalisation because it's more stable which has made it the leading crypto currency. Going forward the future of Bitcoin is even more brighter so the probability of altcoins trying to overtake or even rival Bitcoin is not in view.

[Hispo]

Every day, we see new altcoins pop up in the market. Some existing altcoins rise in price at a faster pace in Bitcoin, taking a significant portion of its market share. ETH is a good example of this. Despite all of the buzz surrounding altcoins, Bitcoin's market dominance is still high (for obvious reasons). However, some believe that could change in the future as more liquidity enters the crypto market.

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Your input would be greatly appreciated. Thanks.

I could be possible to see Bitcoin dominance to decrease in the future if people start to move from Bitcoin network to other projects which have actually something of value to offer, like Ethereum did back in the day. Still I would not expect Bitcoin dominance to reach very low levels, as there is still much enthusiasm on what Bitcoin could offer in the future in terms of programed scarcity and profits for those who have held long enough.

It does not matter how often new coins hit the market, it is mostly about how many of those coins are valuable and how many of them are scams or shitcoins, naturally shitcoins and scams won't have any effect on Bitcoin dominance in the future.

[uchegod-21]

By now, we should get used to the fact that Bitcoin's dominance fluctuates and it is just a temporary thing. During the altcoins season, we see Bitcoin's dominance declining while altcoins take the lead. Immediately after that, Bitcoin goes back to the top of the chart. It is very unlikely for Bitcoin's dominance to drop to 10% whether it's the altcoins season or not. Again, there's nothing to worry about altcoins taking the lead permanently; most of these altcoins ride with hype and specific use cases. Despite the numbers of altcoins being lauched regularly, including the already existing ones, Bitcoin still stands out because it has the strongest network, it is decentralized and has maintained long term trust since its creation.

[macson]

I'm still not sure that there will be new coins or new digital assets that can reduce bitcoin's dominance, because bitcoin has properties that people believe in, such as, decentralized, limited supply, trust that has been built up for years, that makes bitcoin's dominance even more increased and no new coins are able to replace or reduce Bitcoin's dominance.

Even though there are coins that offer technological innovation, scalability, or features that they claim are better than what bitcoin offers, they are still unable to challenge Bitcoin's dominance. And still, bitcoin will dominate more since it has values that make it not just a speculative asset, but also an asset that provides financial freedom and a long-term store of value that is credible and trustworthy.

[Kelward]

Nothing is guaranteed to stay at the top forever so nobody can guarantee Bitcoin to stay at the top forever, however as it stands now and in the foreseeable future no other cryptocurrency comes close to Bitcoin. For now Bitcoin don't have any competition in the market, the distant second in cryptocurrency which is Ethereum is far behind Bitcoin. One of the reasons why Bitcoin is sitting comfortably at the lonely top is because of the many scam projects in the market, most investors have lost faith in altcoins because they don't have potentials to reach ATH. Bitcoin can reach ATH, the more this realization is gaining recognition the more Bitcoin value will be increasing.

[Hyphen(-)]

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Your input would be greatly appreciated. Thanks.

Anything can happen, but I don’t think Bitcoin can easily be forgotten or the trend and the market dominance will fade away anytime soon because and not anytime because of the massive growth Bitcoin has within short period of time, and since it ba e limited supply, the demand will be much always especially when the miners reward keep reducing due to halving, the price will keep increasing that is why it is still affordable now, buy now and enjoy in the future because Bitcoin has changed several times.

[nelson4lov]

What new altcoins created in recent times have done enough to push the bounds of innovation like bitcoin did in 2009? None? Then that's your answer. Most of the new altcoins you see that are "governance tokens" for layer 2s, redundant Defi platforms, etc are just useless at the end of the day because they were created for one reason only and that's for the team, insiders and VCs to extract at the expense of their community. We don't see Satoshi doing anything of such nature so Bitcoin's place at the top is rock solid.

[Webutxo]

By now, we should get used to the fact that Bitcoin's dominance fluctuates and it is just a temporary thing. During the altcoins season, we see Bitcoin's dominance declining while altcoins take the lead. Immediately after that, Bitcoin goes back to the top of the chart. It is very unlikely for Bitcoin's dominance to drop to 10% whether it's the altcoins season or not. Again, there's nothing to worry about altcoins taking the lead permanently; most of these altcoins ride with hype and specific use cases. Despite the numbers of altcoins being lauched regularly, including the already existing ones, Bitcoin still stands out because it has the strongest network, it is decentralized and has maintained long term trust since its creation.

The Bitcoin does have fluctuation but when it happens, it's only by some few changes, it doesn't stay like that. One thing about Bitcoin is that even though everything the market change, Bitcoin will still manage to be among the best performing and nobody can make it under perform. There is something better about Bitcoin that it does get swallow by any alt that want to make attempt to make Bitcoin not useful, the Bitcoin always looks better than any other coin.

Bitcoin has managed to be the best for people, it has been declare dead many times but it find a way to communicate to sellers. It has never in the history of Bitcoin that it goes down and never goes up again. Everything you can think of Bitcoin always comes first before any other Altcoins will come back. This is why some people will rather keep and hold Bitcoin for long term than chase after coin that may never recover from any loss.

[Kasabus]

Maybe we can revisit this after the number of block rewards is so low that many miners switch or exit the market. As of now, I can't see what would push people to stock alts when their prices are closely tied to Bitcoin. Heck, most trading pairs are with Bitcoin anyway, so you'd expect Bitcoin volume to remain high regardless of how many new shiny alts out there.

You also need to consider that bigger players are publicly buying Bitcoin now, so I don't think they'll let Bitcoin's dominance in the market fall sharply in 5-10 years. They need to make profits from retail, and they can't do that if Bitcoin is not attractive.

For now, we can't give an exact answer to the question, since the future of crypto market and bitcoin are still uncertain. However, I'm also a great believer that bitcoin will continue to gain high dominance and continue to lead the market, but I'm also open to the idea that what we are seeing now may not be the same anymore when future comes, knowing that there a lot of newly developed coins who are still  trying to beat bitcoin.

And yeah, bigger players are entering the market and patronize bitcoin. I can't imagine what will be their reaction then when bitcoin slows down and replace its position in the market.

[uneng]

Bitcoin dominance will stay forever in crypto market. It can be only overcome by a new technology we don't even have a clue right now about what it would be. It can take a long time, at least one or two decades, until we see something really original, unique, innovative and valuable other than Bitcoin.

By there, altcoins aren't a threat to Bitcoin dominance. They are just speculative copies which try to take some advantage of Bitcoin's dominance. Without Bitcoin's success, they are nothing. They depend on Bitcoin to survive and to have their temporary trends.

[Darker45]

The possibilities are endless. Having said that, I don't think Bitcoin's dominance will stay high forever. However, while ETH has been consistently the top altcoin, it might not be the one to topple Bitcoin. Actually, I think none of the altcoins in the market today will surpass Bitcoin. But ETH's could easily go up.

At this point, with the altcoins that we have right now, I don't see any reason why Bitcoin's dominance would decline to 10%. This may happen in another time in the unforeseeable future though when altcoins aren't anymore synonymous to shitcoins.

[pooya87]

However, some believe that could change in the future as more liquidity enters the crypto market.

No, because liquidity is not what affects this so called "dominance". I'll explain below.

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

What is dominance?
It is market cap ratio. To put simply, you take the market capitalization of bitcoin with roughly 20 million circulating supply and divide it by the sum total of thousands of altcoins and tokens with quadrillions of circulating supply, many of which is fake (premined and locked aka not circulating).

Can that drop in the future?
Obviously yes! It is trivial to create more shitcoins with ginormous supplies to get a ginormous market cap (MC=price * supply) to reduce the result of that division! All it takes is another shitcoin season where they create a bunch of overly hyped up shitcoins like ethereum that have a massive premine with tens of millions of premined coins and then pump it to even a small price.

Now something that usually you don't see anybody else say is that for this so called dominance to truly change (meaning another cryptocurrency actually taking away bitcoin's market share not just a fake market cap ratio) they need to come up with an actual cryptocurrency that has some groundbreaking innovation that solves real existing issues in the cryptocurrency world (as the decentralized payment system world not just a market where people trade to profit).
Unfortunately in the past 16 years we have not seen any serious work be done for creating such a new project, a "Bitcoin 2.0" so to speak. And it is understandable too, 16 years is not exactly the longest period to see a major innovation be created to overtake an existing innovation. Not to mention that unlike Satoshi the so called developers have been seeking profit not innovation. Which is clear from products such as ETH!

[davis196]

Every day, we see new altcoins pop up in the market. Some existing altcoins rise in price at a faster pace in Bitcoin, taking a significant portion of its market share. ETH is a good example of this. Despite all of the buzz surrounding altcoins, Bitcoin's market dominance is still high (for obvious reasons). However, some believe that could change in the future as more liquidity enters the crypto market.

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Your input would be greatly appreciated. Thanks.

I can't imagine the Bitcoin market cap to drop around 10%. This is impossible, because Bitcoin has the most trust and credibility among all cryptocurrencies. Do you believe that a bunch of altcoins(I'm not counting all the shitcoins and memecoins) would ever reach 90% market dominance? I think that the cryptocurrency world has matured and all the "next big thing" or the "next shiny object" hype is pretty much gone.
Nobody is going to build new altcoins like Ethereum or Solana, which would hold the same amount of hype and expectations.

[EarnOnVictor]

Every day, we see new altcoins pop up in the market. Some existing altcoins rise in price at a faster pace in Bitcoin, taking a significant portion of its market share. ETH is a good example of this.

It's high time we stopped comparing Bitcoin with altcoins, it's never going to happen that any altcoin will lead Bitcoin. Many of them might try due to the hype of their moments, but they will fail, just as we always see them. Ethereum has ever been the closest to Bitcoin, and at one point, some people believed it would outshine Bitcoin over time. But the reality of things has proven that to be false. It's not easy for a project to eventually succeed where many have failed for centuries. Bitcoin will forever hold the honour.

[Lida93]

I don't believe bitcoin will decline in dominance in the future, but rather will continue to increase over time while altcoins still won't be able to match bitcoin's dominance until whenever.

Even though I am too optimistic but still believe bitcoin will continue to increase.

I believe in bitcoin just as you do, and think that it's a good choice of a virtual asset to invest in the present and nearer future. Nonetheless, we shouldn't eject the possibility of any changes to the future of cryptocurrency as the world keeps advancing in innovations we might have a development (not necessarily an altcoin devt) we least expected just as it was before the creation of bitcoin by Satoshi when the world least expected it. But I am optimistic that in the next few decades bitcoin would keep increasing in value as the blocks are continually mined

[Royal Cap]

Bitcoin dominance will stay forever in crypto market. It can be only overcome by a new technology we don't even have a clue right now about what it would be. It can take a long time, at least one or two decades, until we see something really original, unique, innovative and valuable other than Bitcoin.

By there, altcoins aren't a threat to Bitcoin dominance. They are just speculative copies which try to take some advantage of Bitcoin's dominance. Without Bitcoin's success, they are nothing. They depend on Bitcoin to survive and to have their temporary trends.

Bitcoin is really solid that's true but the word forever is very risky in the world of technology. What is king today, can suddenly become obsolete tomorrow, We still don't know what kind of technology will come in a decade or what direction people will lean towards and I wouldn't call altcoins complete copies, and yes many have hollow noises inside but some projects actually do things differently than Bitcoin. Although it is true they need Bitcoin's shadow to survive.

[Hewlet]

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

As long as we are dealing with the word Crypto, I don't see both at the present and in the future the possibility of another coin overriding what bitcoin has come to be. It's possible for the current altcoins to even dare pose the slightest threat to bitcoin in terms of growing in a rate that's close to the growth of bitcoin but for just a random coin to come from nowhere and perform too well hitting an amount that's one forth the current price of bitcoin doesn't look realistic at least at the present.

If alternatively we are relating bitcoin to other asset class, and you're considering a forever as the duration of such comparison, then it's completely possible that in the future there might not be a thing as bitcoin ever again. As much as we understand that bitcoin is an asset that's valuable at the present, we can't deny the fact that in the future, their an high chance that things will come up that might potentially be a good replacement or an improvement on bitcoin.

[Danica22]

As long as we are dealing with the word Crypto, I don't see both at the present and in the future the possibility of another coin overriding what bitcoin has come to be. It's possible for the current altcoins to even dare pose the slightest threat to bitcoin in terms of growing in a rate that's close to the growth of bitcoin but for just a random coin to come from nowhere and perform too well hitting an amount that's one forth the current price of bitcoin doesn't look realistic at least at the present.

You might be right now and in the near future, bitcoin will still dominate the market but you are not from the future and you don't have a crystal ball. So I disagree when you say that there will be no coin or altcoin that can threaten bitcoin's dominance in the future.
At this point and thinking about it, the chances of that happening are very low but not zero. Anything is possible, mate.

If alternatively we are relating bitcoin to other asset class, and you're considering a forever as the duration of such comparison, then it's completely possible that in the future there might not be a thing as bitcoin ever again. As much as we understand that bitcoin is an asset that's valuable at the present, we can't deny the fact that in the future, their an high chance that things will come up that might potentially be a good replacement or an improvement on bitcoin.

If we compare bitcoin with other assets, bitcoin is not even dominant, it only accounts for a very small portion of the total capitalization of all global assets. If I remember correctly, bitcoin is ranked 9th in the top 10 most valuable assets globally.