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Author Topic: BTC Dominance on CoinMarketCap  (Read 1785 times)
ololajulo
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August 22, 2019, 08:41:44 PM
 #161

There is this interesting article that stated that the real atcoin value is 10% and a big part is shared between ETH and XRP.  The research considered the liquidity in the space and bitcoin took the big advantage.
https://cryptopotato.com/altcoins-real-dominance-is-only-10-of-the-crypto-market-not-30-new-study-reveals/

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August 29, 2019, 02:01:02 AM
 #162

No matter how many coins will launch in the market, the Bitcoin will still dominating the crypto space, no matter how hard the dev tries, they will just behind the Bitcoin, it is the king of crypto and nothing could beat or replace on its place.

There is no guarantee that Bitcoin will never be replaced by a technologically better alternative. As the case with all the technological innovations, Bitcoin also will be eventually replaced by something else. However, right now there is no such alternative in existence, which has the capability to overtake Bitcoin. There are technologically advanced cryptocurrencies available, but their basic concept remains same as that of BTC.

If a developer wants his coin to replace Bitcoin, then he should be ready to try a fundamentally different approach. He should be able to come up with an alternative to Blockchain. As of now, almost all the cryptocurrencies use some form of a Blockchain to store the transactions. And since it was originally a concept invented by Satoshi, Bitcoin remains on the top as the "original" cryptocurrency. It is possible to replace Blockchain with a better concept.



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August 29, 2019, 05:20:57 AM
 #163

I think Bitcoins dominance will continue to go higher because it is the most adopted and trusted cryptocurrency, altcoins on the other doesn't affect bitcoin because we can see lots of useless altcoins are being created everyday which will vanished overtime. The only scenario that bitcoins dominance will fall when altseason starts, well we don't when will it be happening again.

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August 29, 2019, 06:25:12 AM
 #164

I think Bitcoins dominance will continue to go higher because it is the most adopted and trusted cryptocurrency, altcoins on the other doesn't affect bitcoin because we can see lots of useless altcoins are being created everyday which will vanished overtime. The only scenario that bitcoins dominance will fall when altseason starts, well we don't when will it be happening again.
We are hoping that the altcoins market will start a rally soon, hopefully this year but it's true that we don't know when.
I wasn't expecting BTC to rise that fast in the first half of the year, but it happen, when BTC had a great 1st half, it struggles in the 2nd half that's why we are still seeing a price sideways movement from $9K to $10K.

Our happy moments is when bitcoin will cross a new high as most likely altcoins will rally also.
That's the moment I've been waiting for and I will bet on it that it's gonna be the same patter that will happen.
Let's just continue to hold while waiting and enjoy trading BTC in short term since it's volatility is good now, down 5% now, soon it will be up 5% again.

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August 29, 2019, 08:33:47 AM
 #165

BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it
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August 29, 2019, 10:28:34 AM
 #166

BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it
Bitcoin is well known and also the prime one on this platform, cryptocurrency is not based on season but based on dominance, it won't change in Bitcoin case since Bitcoin already used publicly for exchanging in fiat or real money also considered as a permanent part of cryptohub, all coins don't match to the popularity and use of bitcoin.

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August 29, 2019, 11:23:32 AM
 #167

BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it
Bitcoin is well known and also the prime one on this platform, cryptocurrency is not based on season but based on dominance, it won't change in Bitcoin case since Bitcoin already used publicly for exchanging in fiat or real money also considered as a permanent part of cryptohub, all coins don't match to the popularity and use of bitcoin.
Bitcoin has never stopped dominating the market, probably its dominant rate has drop during the bull run or altcoins season but it remains the most dominant coin in the market. Some are saying that the dominant rate written in https://coinmarketcap.com/ is lower compared to the actual dominant rate, and I will agree with that since we have more OTC transactions of bitcoins that are not listed in the site above.

As bitcoin is not yet showings signs of bullish movement, we can expect that BTC dominant rate will continue to rise as people are also afraid of putting their money in altcoins now.

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August 29, 2019, 12:22:11 PM
 #168

I think bitcoin is the determinant coin in the market and at that it dominance is high due to the fact that bitcoin is what most of all other coins and token are traded with and it determined their price. Take for example when bitcoin is down against the dollars other coin's will suffer the same from the market situation.
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August 29, 2019, 12:27:41 PM
 #169

BTC will dominate the CMC for a very long time, in the near future I do not see a worthy competitor for it
Bitcoin is well known and also the prime one on this platform, cryptocurrency is not based on season but based on dominance, it won't change in Bitcoin case since Bitcoin already used publicly for exchanging in fiat or real money also considered as a permanent part of cryptohub, all coins don't match to the popularity and use of bitcoin.
Bitcoin has never stopped dominating the market, probably its dominant rate has drop during the bull run or altcoins season but it remains the most dominant coin in the market. Some are saying that the dominant rate written in https://coinmarketcap.com/ is lower compared to the actual dominant rate, and I will agree with that since we have more OTC transactions of bitcoins that are not listed in the site above.

As bitcoin is not yet showings signs of bullish movement, we can expect that BTC dominant rate will continue to rise as people are also afraid of putting their money in altcoins now.
To be honest, as a trader, I am more afraid of the dominance of bitcoin than ever before, the dominance of bitcoin has become so strong in this market, and everyone can see, every movement of bitcoin is shaking the whole market, in the long run, this rate will continue to increase, altcoin will become a dead zone, bitcoin will establish an absolute dominance. I do not believe that people will like such a situation, our chances of making money will narrow, and we will be very dependent on bitcoin, the level of risk also increases significantly.

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August 29, 2019, 01:53:16 PM
 #170

Now it has reached 70%. This is the risk of the existence of Altcoin. I hope that by the end of 2019, altcoins will have a revolution that brings dominance to equilibrium and stability.
I read a few articles, they talked about Altcoin Bitcoin replacement; This really will never happen, the value of Bitcoin is an unquestionable existence.

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August 29, 2019, 02:47:34 PM
 #171

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is:  62.6%

Forbes study is now 90% so it's a big jump in just a month, but it's still debatable other studies show different stats, but all we know Bitcoin is still dominating the market, and those coming in now in the market, or new investors investing in Crypto should start with Bitcoin.

I'm also holding altcoins in my portfolio, and I'm very confident that even though Bitcoin has a huge dominance my altcoins will still deliver, these altcoins are on the top in the market rank and they have their own concept, that they are bringing to the table.


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August 29, 2019, 02:47:39 PM
 #172

I read a few articles, they talked about Altcoin Bitcoin replacement; This really will never happen, the value of Bitcoin is an unquestionable existence.
In my opinion, it is quite possible emergence of a new altcoins that replace bitcoin in future, such as Libra or Ton. Bitcoin is too slow, I do not believe that we will ever be able to pay them in the store for everyday purchases.

 
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August 29, 2019, 04:07:30 PM
 #173

I think many will agree that Bitcoin will not change in pace with its dominance even if some Altcoin will come closer to it, I really think that this can not be a subject anymore it is pretty obvious that it will not change anything but I guess there is a specific thing for other altcoins that is for a change and other traders does love the volatility in it and a likable cheap price from all other coins, So in my opinion even if Bitcoin does take the center stage in the Coinmarketcap Altcoins will sure have a spot for traders and investors alike even if they didn't end up in the top.

It is true that domination does not affect the price of bitcoin, in my opinion market domination is only a measure of competition. The price issue is not determined by market dominance, it remains on demand and supply. The dominance of the bitcoin market is very high, I don't think there will be an altcoin that can surpass it.


So keeping in mind that you stated domination does not affect the price of Bitcoin, what is the ideal percentage you would happy to see BTC versus altcoins?

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August 29, 2019, 04:54:34 PM
 #174

Because bitcoin pioneered the cryptocurrency since 2009 that one factor why its price is very high nowadays. It is more trusted than other coins that is why its demand is high and it has many features that people choose to experience and those are some of the factors why people tend to buy it. Also why the price is high because of the limited supply of it, 21 million only compared to other coins that has hundred million to billion supply why their respective prices is low.

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August 30, 2019, 01:50:40 AM
 #175

The dominance is stuck at 68% - 69.5% range for quite some time. Perhaps another trigger is needed to breach the 70% level. I thought that the recent ruling against Craig S Wright would take a big chunk out of BSV's market cap and give a big boost to Bitcoin, but it never happened. Altcoins are still down and on death bed, but it is the stablecoins and the Bitcoin forks that keep the dominance below 70%. Now Bitcoin needs to poach in to the stablecoin market share, which is going to be very difficult. Most of the stablecoins by volume are being held by various exchanges and I don't think that they'll readily give up those coins.



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August 30, 2019, 02:11:05 AM
 #176

Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is:  62.6%
It's 68% now after a month, I don't see it narrowing the gap this year, there are reports that it could be higher based on other studies, people should now just concentrate on Bitcoin or make the majority of their portfolio, with the so many dead coins in the market, and altcoins share dwindling.



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August 30, 2019, 11:08:16 AM
 #177

Bitcoin will always dominate the market due to its high trust among market users. Altcoins may come closer to Bitcoin if developers come up with a revolutionary product as it was with smart contracts, in other cases Bitcoin will be unattainable
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September 03, 2019, 04:34:05 AM
 #178

Bitcoin will always dominate the market due to its high trust among market users. Altcoins may come closer to Bitcoin if developers come up with a revolutionary product as it was with smart contracts, in other cases Bitcoin will be unattainable
As you rightly noted, Bitcoin has a high level of capitalization and price dominance due to the fact that it enjoys high confidence of people. However, trust, the concept is volatile. It may change in a few days. Especially if Bitcoin will continue to have problems with improvement, and especially with scaling. So everything can be. You can not rely on the trust of users as something permanent and unshakable.

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September 03, 2019, 05:54:57 AM
 #179

Bitcoin will always dominate the market due to its high trust among market users. Altcoins may come closer to Bitcoin if developers come up with a revolutionary product as it was with smart contracts, in other cases Bitcoin will be unattainable
As you rightly noted, Bitcoin has a high level of capitalization and price dominance due to the fact that it enjoys high confidence of people. However, trust, the concept is volatile. It may change in a few days. Especially if Bitcoin will continue to have problems with improvement, and especially with scaling. So everything can be. You can not rely on the trust of users as something permanent and unshakable.

Never say never and never say always. I believe in Bitcoin most of all and its dominance in my own portfolio speaks for itself. And it will always be the case for as long as I see that things don't change. As in, BTC is still the most developed coin, with the most merchants, with the most liquidity, the most security etc.

But if that changes, will I also change? I think so.

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September 03, 2019, 06:02:51 AM
 #180

Its %70 now.bitcoin make every move to kill altcoins.up or down doesnt matter, every each move killing alts.this is the most thing i hate in crypto.every coin should have their own graphic, not depend to bitcoin.

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