Bitcoin is dominating against Altcoins

[marcsymons]

I used to see Altcoins market will always depend on Bitcoin dominance but looks like different now. What do you think? Here is the link https://www.newsbtc.com/2019/06/25/crypto-bitcoin-dominance-altcoins-btc/amp/

[Cisco]

People are much smarter than they were in 2017. Bitcoin is insanely pumping and the safest way to keep their money is to sell alts to bitcoin. That's the main reason behind bitcoin's high dominance, I think. When bitcoin corrects and sideways, cash flow will move to alt and bitcoin dominance will decrease then.

[Niteroy]

The dominance of Bitcoin is really growing and has already increased 60%, but I think it will not last long, because the price of Bitcoin will reach a certain level and capital will begin to move into altcoins and pump up their prices. Many have become disillusioned with altcoins, but there are quite a few promising coins among altcoins and I am sure that they will start growing soon.

[Eben]

The growth of altcoins depends almost always on the growth of Bitcoin, the father of all cryptocurrencies and as such bitcoin will almost always dominate against altcoins. Nevertheless there are a lot of other promising altcoins in the market.

[comer]

Sad to see, the market for altscoin seems stagnant even bitcoin pumping position. I am not quite sure how this things come-up but I hope this will not last longer. Traders seem focusing mainly on bitcoin and alts were just left behind.

[rizqillah]

I used to see Altcoins market will always depend on Bitcoin dominance but looks like different now. What do you think? Here is the link https://www.newsbtc.com/2019/06/25/crypto-bitcoin-dominance-altcoins-btc/amp/

Yes,  It is truem Altcpun market is always depends on bitcoin. Because Bitcoin is the King of ng of cryprocurrency  and the first of crypto.
But I see Today is market correction  for bitcoin.  Altcoins will rise again at the next month. So,  I still waiting for altcoin  go up.

[mimikri]

People are much smarter than they were in 2017. Bitcoin is insanely pumping and the safest way to keep their money is to sell alts to bitcoin. That's the main reason behind bitcoin's high dominance, I think. When bitcoin corrects and sideways, cash flow will move to alt and bitcoin dominance will decrease then.

Many people started to sell Bitcoin when it reached 13 thousand. Therefore, it became one of the reasons for its fall. Bitcoin will stay a dominator for many years, but investors will buy alts also.

[Stuart]

Bitcoin has ever held the dominance of altcoins, and every pump of bitcoin is archived by the selling of altcoins to bitcoin, to make more profit faster.

[sampoerna]

Yes, Bitcoin is dominating, but It seems the prices of altcoins will begin to rise. We know that the prices of altcoins will increase when the price of Bitcoin to be a bit stable. Now, it seems to happen soon, so just wait for a moment.

[IyemRoker]

I will ask the OP, which one is more valuable than Bitcoin compared to altcoins?

If you still choose altcoins as something valuable, then it's wrong.
Bitcoin will still be the best, compared to Altcoins.

[Davenethan07]

Of course bitcoin has now dominated altcoins, because until now the prices of most alts wasn't moving fast unlike before during 2017 altcoins season. Maybe there's a possible factors that will trigger this domination to altcoins to very much profitable value.

[xeroz]

Bitcoin is always dominating crypto market. It is normal since it is like a main coin in crypto space. So, people will focus to Bitcoin first before altcoins.

[UNIVERSE]

So far, BTC always dominates the altcoins. Moreover, when the price of BTC is increasing, the altcoins will drop because many people prefer to sell their alts to get BTC. When the price of BTC is decreasing, altcoins are also following to decrease. Many people still prefer so much to pick BTC than alts.

[Noverteno]

Although it is generally accepted that the Altcoins repeat Bitcoin price movements, now many have noticed that with the rise in Bitcoin prices, the Altcoins are still standing still or their growth is insignificant. Perhaps this is due to a very long period of a bear market before this or other reasons. However, with further stable growth of Bitcoin, the Altcoins will catch up.

[Domithra]

I used to see Altcoins market will always depend on Bitcoin dominance but looks like different now. What do you think? Here is the link https://www.newsbtc.com/2019/06/25/crypto-bitcoin-dominance-altcoins-btc/amp/

Of course, the trend appears to be a one way affair, bitcoin rising against the altcoins. This might be likely due to the trades made by holders of crypto already, thus holders of crypto are now selling or converting their altcoins to Bitcoins giving BTC more value. Perhaps this is to create some attention for Bitcoin in order to draw external investors to it.