Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: TERENCIO on June 26, 2019, 09:23:12 PM
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Bitcoin market dominance is over 60 percent currently. What do you think, is this of a big market share bad for the market and crypto adoption in general or not?
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60% trade for Bitcoin and it's perfect and super power for trading options from traders for Bitcoin.
Only 51% of Bitcoin trading has signaled an increase in the price of Bitcoin, especially 60% and it is very much money that is replaced with Bitcoin and the proof can now be seen if the Bitcoin exceeds the price of 10,000 USD from 7,000 USD.
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60% trade for Bitcoin and it's perfect and super power for trading options from traders for Bitcoin.
Only 51% of Bitcoin trading has signaled an increase in the price of Bitcoin, especially 60% and it is very much money that is replaced with Bitcoin and the proof can now be seen if the Bitcoin exceeds the price of 10,000 USD from 7,000 USD.
This is a twofold trend. On the other hand, it increases bitcoin's tight price dominance over other types of cryptocurrencies. This has a very negative impact on the entire cryptocurrency market, if Bitcoin is very long on correction or a drop in its price. We saw what pessimism prevailed in the market last year because of this. If there were no such level of price dominance, then many types of cryptocurrencies would grow depending on the state of development of their project and the general decline in all cryptocurrencies in price would be impossible.
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I would like to see a cryptocurrency market without such a rigid price domination of one coin as it is now. In my opinion, a cryptocurrency market would be much better and more attractive a whole year if each cryptocurrency grew in price and developed on the basis of the attractiveness of its own project.
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Wooooowww fantastic baby.
Very perfect value and this must continue to be supported because Bitcoin is a symbol of the most important Cripthocurrency.
We can also compare with Altcoin, which is always a SCAM token, so it is appropriate that we continue to trade with HODL Bitcoin.
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As the first cryptocurrency, the most trusted and valuable one, it is normal if BTC holds more than 60% dominance. Moreover when in this increasing market price. Many people are selling their altcoins to convert to BTC. It makes altcoins down and BTC is increasing significantly.
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Bitcoin market dominance is over 60 percent currently. What do you think, is this of a big market share bad for the market and crypto adoption in general or not?
It is just the statistics, which has no effect on the market. This dominance will be not so great very soon, as BTC will fall a fit and many alts will grow - investors started to buy tokens actively.
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I think Bitcoin's dominance is normal and not surprising. It is quite predictable since Bitcoin as the main coin and has a big influence on other coins. The price of Bitcoin can determine altcoins prices. This fact makes people support Bitcoin firstly.
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Bitcoin market dominance is over 60 percent currently. What do you think, is this of a big market share bad for the market and crypto adoption in general or not?
I think this is reasonable, because Bitcoin is the King of Cryptocurrency and bitcoin also has a very high potential for increasing value. So it's natural that many people switch to Bitcoin.
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Just by now a most of the money are just pouring in bitcoin with that dominance that altcoins will be pushing downward temporarily, it's a good indicator that once the bitcoin's dominance ended, we are going to see altcoins following the trend so be wise investing in altcoins is a good choice right now.
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The market is poor. It's all I can think of. All the money is being put on bitcoin with no signs of decrease. Meanwhile bitcoin price changed so fast and suddenly. People want to see an altcoins season like late 2017 but they keep their money in bitcoin. Market is terrible.
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Bad for market obviously because BTC controls everything, but it was always like this. In the next bullrun I think this will change and BTC dominance will go as low as 30% and ether, neo, xrp etc. will gain value and market cap.
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Bad for market obviously because BTC controls everything, but it was always like this. In the next bullrun I think this will change and BTC dominance will go as low as 30% and ether, neo, xrp etc. will gain value and market cap.
Bitcoin dominance will not reach 30% ever, at least in the nearest 5 years. BTC is too popular to let people change their mind and start trust altcoins more than the leader of the market of the cryptocurrencies.
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Crypto investors choose Bitcoin for several reasons because BTC is a coin that has a limited supply and has been acknowledged by many people if BTC holds 60% of the total investment in the crypto market, this situation makes BTC prices continue to rise due to the need a lot for long-term investment
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of course for me is to keep playing safe. I don't want to take too much risk to switch adoption to any altcoin. With a market situation like this, I have to be more selective in choosing altcoins for investment. The only coin that is always the main choice is bitcoin.
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This is good as this development shows that Bitcoin market is alive in which it will attract more people to invest again in crypto currency thru Bitcoin. Hopefully that it will continue to dominate and become stable like before.
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That's a great signs for bitcoin to show more chances to break price resistance for the next surges. We might see dominance takes place as demand also arises. But first of all we need to look closely on factors that pulled the price down, was due to panic sellers.
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And what do you actually expect. The current market has shown how btc controls the whole market and investors are changing their investment into btc.
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Every crypto are actually tied to Bitcoin in all exchanges market, and been the first crypto with 60% marketcap, is not a bad situation. I think this dominance may continue for a long time to come, in my opinion.
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In my opinion a lot of the consolidation is from the fact that a lot of the promises made on altcoins and ICOs did not quite deliver or match the hype. While I think it's certainly a possibility the altcoin/ICO industry could emerge in a more legitimate way in the future, the scammy nature of things so far has trended towards growth in one area viewed as much trustworthy and stable; Bitcoin.
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There is nothing to do, the big players understand and know that it is with bitcoin that they can quickly and stably receive huge profit, so bitcoin is growing constantly.
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Since Bitcoin can go up continuously, it is normal that many people just focus and convert their assets to Bitcoin only. I assume the Bitcoin won't dominate 60% again when altcoins can move up significantly in the near future. SO, everything will depend on their trends on the market currently.
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Bad for market obviously because BTC controls everything, but it was always like this. In the next bullrun I think this will change and BTC dominance will go as low as 30% and ether, neo, xrp etc. will gain value and market cap.
Bitcoin dominance will not reach 30% ever, at least in the nearest 5 years. BTC is too popular to let people change their mind and start trust altcoins more than the leader of the market of the cryptocurrencies.
I am absolutely sure that in five years the situation with the price dominance of bitcoin will change dramatically. No matter how unique a single cryptocurrency is, its other types will nevertheless develop and will inevitably bypass in its development. This is the law of the market. Moreover, we see a real inhibition of bitcoin with scaling and other functionalities. So over time, the price dominance of Bitcoin will inevitably disappear and this will positively affect the cryptocurrency market.
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This year, in Bitcoin, we saw a chance for a profit, which cannot be said about other coins, yes, there are many good promising altcoins, but Bitcoin will still be ahead.
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"We hear you. We are dedicated to this game long-term."
Side-note: Can they rename the Imperial Edition to the Golden Throne edition, because if anyone buys it they are keeping the game on life support?
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in my opinion, bitcoin always dominates the market at every opportunity. so it's no wonder that bitcoin has always been a reference for investors even though the price is much more expensive when compared with other altcoins. still holding it is the right choice.
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60% range dominance is an acceptable and profitable ratio. The lower the dominance is, the better for us to trade alt/btc pairs. The higher the dominance is, the less money poured into altcoins. That's the situation nobody wants.
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i think bitcoin will hold on to its dominance forever. it was the first one in the market, and people have gradually started trusting it a bit more than Alt at the moment.
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i think bitcoin will hold on to its dominance forever. it was the first one in the market, and people have gradually started trusting it a bit more than Alt at the moment.
No, I do not agree with you. Bitcoin will not always dominate the price of all types of cryptocurrencies. As altcoins develop, the popularity of bitcoin and its price will inevitably fall, aligning with everyone. Moreover, if Bitcoin still fails to solve its problem of scaling and high commissions in transactions.
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this is not very good, the greater the dominance of bitcoin will only make altcoin worse off. currently the dominance of bitcoin is at a very scary level. this makes the market unstable, investors are afraid to hold altcoin because prices could fall because of the dominance of bitcoin.
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Bitcoin market dominance is over 60 percent currently. What do you think, is this of a big market share bad for the market and crypto adoption in general or not?
The big investors are coming to it day in and day out. I think this is good news for crypto Market.
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this is not very good, the greater the dominance of bitcoin will only make altcoin worse off. currently the dominance of bitcoin is at a very scary level. this makes the market unstable, investors are afraid to hold altcoin because prices could fall because of the dominance of bitcoin.
Yeah, you have good point here, too much bitcoin dominance is not good for altcoins; all coins/token has suffered a huge set back because bitcoin pump is completely on it's own and it always affect the altcoins when price dump.
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this is not very good, the greater the dominance of bitcoin will only make altcoin worse off. currently the dominance of bitcoin is at a very scary level. this makes the market unstable, investors are afraid to hold altcoin because prices could fall because of the dominance of bitcoin.
You correctly noticed it. Most of the stigmatized attitude to the dominance of bitcoin in the cryptocurrency market. What this led to, we clearly see. Altcoins are almost paralyzed and cannot develop normally. The market has been standing for almost two years. Investors go to other areas of activity. Against this background, only stable coins are growing, which will compete well with a decentralized cryptocurrency as a means of payment. Due to the dominance of Bitcoin, the initiative is moving to stable coins.
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I would like to see a cryptocurrency market without such a rigid price domination of one coin as it is now. In my opinion, a cryptocurrency market would be much better and more attractive a whole year if each cryptocurrency grew in price and developed on the basis of the attractiveness of its own project.
I agree with your statement, this is very interesting. I also hope so, the attraction and the community can better determine the price in the coming year.
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Bitcoin market dominance is over 60 percent currently. What do you think, is this of a big market share bad for the market and crypto adoption in general or not?
Even as at now we can see that Bitcoin market cap is still hovering high above. Well, that can be either good or bad. Good because it'll help Bitcoin to sustain the soaceand bad because it makes all them alts depend highly on bitcoin for survival
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Bitcoin dominance it shows, that investors realize that bitcoin is the original and best cryptocurrency out there.They are rightly allocating their capital back to the most reliable coin,It's about BTC.
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Bitcoin's price dominance cannot last long. Given the rapid development of altcoins, the dominance of bitcoin should slowly disappear. So over time, we will see a completely different ratio of capitalization in this market. After Bitcoin, there should no longer be a bright leader in the cryptocurrency market. There should be several candidates for leadership; competition in this regard should be fierce. If a leader is determined, most likely it will be for a short time. The difference in the price of these cryptocurrencies will not be as big as it is now between bitcoin and other types of cryptocurrencies and this fact will not allow anyone to dominate the market so much. I think that overall it will be much better than the current situation.
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People are aware that Bitcoin is the only safest coin for investment or trading. This makes them put their money mostly in Bitcoin and not really interested in altcoins anymore. I am sure that they prefer to choose Bitcoin because of disappointed to hold altcoins. Many altcoins seem hard to increase and even just decline.
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While investors will hope to quickly get super-profits due to the constant high growth in the price of bitcoin, until then it will continue to maintain a high level of price dominance in the cryptocurrency market. Over time, this will pass and Bitcoin will inevitably lose its dominance. It seems to me that only then will the cryptocurrency market fully develop.