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Author Topic: BTC Dominance on CoinMarketCap  (Read 1785 times)
Distinctin
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September 03, 2019, 06:11:24 AM
 #181

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.
As long as bitcoin rises, it will not kill altcoins, look at the market now, almost everything in the top 100 are green because BTC rises 6% today, and it's just one day, I can say that's a significant rise. Some thought bitcoin would drop below $9K but once again, BTC proven them wrong because when BTC were down hard, it also bounce back hard.

From here, I'm expecting BTC to reach at least $11,000 in this week, hopefully, I'll make a correct prediction.

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September 03, 2019, 08:30:20 AM
 #182

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.
As long as bitcoin rises, it will not kill altcoins, look at the market now, almost everything in the top 100 are green because BTC rises 6% today, and it's just one day, I can say that's a significant rise. Some thought bitcoin would drop below $9K but once again, BTC proven them wrong because when BTC were down hard, it also bounce back hard.

From here, I'm expecting BTC to reach at least $11,000 in this week, hopefully, I'll make a correct prediction.
That's right, Bitcoin's fluctuations have a huge influence on other cryptocurrencies. Bitcoin is the one which dictates terms at the whole cryptocurrency market.
I hope that your prediction (11K in this week) is correct, that would be quite nice.
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September 16, 2019, 10:58:42 AM
 #183

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.
It would be kind of hard now for bitcoin to be replaced by any technology, it would have been easy at the early stage before bitcoin technology became this popular, and if you can see that it has gone beyond just individual and it is already creeping  into the government system, and anything that is beginning to involve government would be difficult to be replaced which is why we are still finding it very difficult for bitcoin to really go high as much as it ought to have gone because the government are still holding on tight to that fiat that they have been used to for year and which they have full control over.

If bitcoin is still facing it hard with them, then no matter how good the new technology is, it may really not get that recognition enough to beat bitcoin.
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September 16, 2019, 11:07:49 AM
 #184

Compared to other cryptocurrencies that do not inspire confidence, any bitcoin sale on the market occurs only because of the desire to make money, and not because Bitcoin loses its relevance.  Based on this, price fluctuations will always exist and will earn money on this, because the most important attraction of Bitcoin is its unstable price.

I agree with you in that the relevance of Bitcoin has not diminished nor has the "brand" that it brings. How you concluded the most important attraction of Bitcoin to be its unstable price - is beyond me but maybe you can elaborate.

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October 28, 2019, 01:53:38 PM
 #185

Compared to other cryptocurrencies that do not inspire confidence, any bitcoin sale on the market occurs only because of the desire to make money, and not because Bitcoin loses its relevance.  Based on this, price fluctuations will always exist and will earn money on this, because the most important attraction of Bitcoin is its unstable price.

I agree with you in that the relevance of Bitcoin has not diminished nor has the "brand" that it brings. How you concluded the most important attraction of Bitcoin to be its unstable price - is beyond me but maybe you can elaborate.

I think he means the volatility of bitcoin and the greed of people who only attract the idea of earning quick money, for example, I myself almost every day monitor price fluctuations on the https://neironix.io/ru/cryptocurrency/tron, and constantly try to find new altcoins there, for quick money.

https://neironix.io/
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October 28, 2019, 03:19:29 PM
 #186

There is no doubt about it. Bitcoin is really a dominant coin among other cryptocurrencies. Its price is never been disappointing us. Yes it fell but not to the point it became worthless. So if you gonna ask me, I will always prefer bitcoin to hold.

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October 28, 2019, 06:10:47 PM
 #187

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%

Well, the bitcoin market dominance keeps growing as many people are buying bitcoin more than the other cryptocurrencies.

Here is the current bitcoin market dominance as of today at 68.0% - Maybe the bitcoin market dominance would reach 75% to 80% by December 2019.

 
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October 28, 2019, 11:48:37 PM
 #188

Yes, most of the users are preferring to invest in Bitcoin especially, and there are few reasons behind the increasing dominance of Bitcoin over coinmarketcap.

1) Bitcoin is the first cryptocurrencies ever launched and still its creating values.
2) Bitcoin is the most trusted and most favorite coin among the crypto market.
3) Due to the first coin Bitcoin also known as Prime/ Master Currency among the crypto market, and most of all cryptocurrencies evaluated in BTC first.

Due to more interest in users into bitcoin, its dominance is increasing exponentially. And the main reason is people are aware of Bitcoin, they don't know other altcoins, and even not getting involved in other altcoins.

 
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October 29, 2019, 12:02:44 AM
 #189

There was even 65%
To check bitcoin dominance i am looking BTC vs top alts
Specially btc-eth .Traders are often securing his btc positions by switching to top alts
That way i have instant market outlook


Well it currently sits at 67.7% according to: https://coinmarketcap.com

I wonder how the dominance might change in XRP get implemented on wide-scale fintech transactions including it Moneygram starts to pick up and also when Ethereum gets it upgrade. I still expect Bitcoin to reign supreme without challenge and without doubt but expect the dominance percentage to fall much lower than it is now.

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October 29, 2019, 12:11:27 AM
 #190

I think that until the end of the year Bitcoin's dominance will rise over 71% and some altcoins will suffer a lot from this dominance so we could see Bitcoin at over 12k$ again. If Bitcoin somehow pulls a magical rising in dominance over 72% then altcoins are doomed for good as we will see major bloodbath o altcoins that some of them will never recover from it so stay sharp and don't go all in in altcoins.
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October 29, 2019, 12:56:46 AM
 #191

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/

Bitcoin dominance occupying the largest percentage of the market is an undeniable fact which is even stated clearly on CoinMarketCap in terms of market cap and market volumes. Bitcoin is the king of crypto and has become the emblem or totem for the entire crypto space. It is what the governments and big institutions look up to in order to make a general decision about the entire crypto space.

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October 29, 2019, 02:13:59 AM
 #192

do you mean that the dominance of bitcoin will decrease when more altcoins are created? I do not think so. bitcoin will remain dominant in its position. because bitcoin is the number 1 pioneer in crypto. and other altcoins are only a complement to crypto resources. like a tree, Bitcoin is the Trunk. and altcoin is twigs and leaves. altcoin will not replace Bitcoin. and Bitcoin remains dominant.



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October 29, 2019, 03:29:32 AM
 #193

It's very simple that Bitcoin is dominating on the crypto market so far because of having some basic reasons, I think we all know that Bitcoin is the pioneer of this platform and it's still a dependable coin for the other coin, I believe most of the coins are fully based on the Bitcoin, Still the crypto market price is run with the price of Bitcoin, it's highly valuable digital currency so far so people's love holding Bitcoin for making profit and in this way It's demand is also high but the supply is not much, this is why Bitcoin still has its own expected dominance in this platform.



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October 29, 2019, 05:11:30 AM
 #194

Even if Bitcoin's market dominance drops to 25% bitcoin will still be the dominant force. Remember, the cryptocurrecy markets is easily swayed by news(both fake and legitimate), especially to most altcoins. Bitcoin will still be the most decentralized, most secure, and most globally adopted coin compared to all the other coins/tokens combined.
Bitcoin still dominance on exchange market have stable price than altcoin, investor look interested with bitcoin investment than have use altcoin because with investing on bitcoin give big chance to get profit than investing with altcoin, altcoin price look down, hard to raise to higher price and always get lower. Still less dominance altcoin from bitcoin on market because bitcoin become best investment assets at the future.
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October 29, 2019, 08:20:39 AM
 #195

in my opinion bitcoin will always be the dominant coin in the cryptocurrency market. because bitcoin is the main coin and the price of bitcoin has always been a reference for altcoin. bitcoin has the largest community and market capitalization. and all investors always make bitcoin the first coin to buy when entering the crypto market. so I'm sure bitcoin will always be the dominant coin and no coin can shift the position of bitcoin.

 
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October 29, 2019, 08:33:29 AM
 #196

At this time, BTC Dominance has reached 67.7% on CMC. I am worried about altcoins. It seems that investors are scared, they lose confidence in altcoins. This is really bad. When do you think altcoin will have strong growth again?
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October 29, 2019, 09:32:37 AM
 #197

This is just a warm-up for Bitcoin. Bitcoin is already dominating the market substantially and I can't imagine what will happen when Bitcoin reaches at least 100k dollars in the future.

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October 29, 2019, 02:26:30 PM
 #198

The Bitcoin dominance is down to 67.5%, which is around one percent lower than what we had 24 hours back. And surprisingly it is not established altcoins such as Ethereum or Litecoin that is giving the biggest challenge to Bitcoin in its quest to dominate the cryptocurrency market. The coin which had the highest 24 hour price change (among the top 10) was Bitcoin Cash, which went up by 7%.

Both Ethereum and Litecoin have not managed to breach the major resistance levels. Ethereum is still trading at 0.0198 BTC per coin, while Litecoin is trading at 0.0063 BTC per coin. XRP is performing well, and has reached a price of 3222 Sat. Out of these three coins, only XRP has managed to move forward during the last 1-2 months. Others have all lost their value against BTC.

 
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October 29, 2019, 02:36:54 PM
 #199

do you mean that the dominance of bitcoin will decrease when more altcoins are created? I do not think so. bitcoin will remain dominant in its position. because bitcoin is the number 1 pioneer in crypto. and other altcoins are only a complement to crypto resources. like a tree, Bitcoin is the Trunk. and altcoin is twigs and leaves. altcoin will not replace Bitcoin. and Bitcoin remains dominant.

yes that's what happened but we don't know what will happen in the future, because with so many altcoins and even though the gap between bitcoin and altcoins is very far away but at least there are certain altcoins that have their own appeal like the advantages they have about faster transactions and cheap and this is also a concern if in the future there might be surprising changes to who or what coins will dominate the cryptocurrencies market
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October 29, 2019, 10:10:31 PM
 #200

That domain has risen to 67.5% at present, we do not know if that percentage will increase or decrease, the most important from a global point of view is that the number of users and market capitalization increase.

For all enthusiasts in the world of cryptocurrencies, we have the dream of achieving wide and massive use in all sectors of society and in all nations, a highly probable scenario as the current trend is observed.
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