Bitcoin market dominance is over 60 percent currently. What do you think?

[TERENCIO]

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?

[IyemRoker]

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.

[Alcor]

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.

[Noverteno]

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.

[kent47400]

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.

[Cryptoz]

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.

[mimikri]

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.

[sampoerna]

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.

[Vx1]

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.

[moonuranus]

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.

[Pegasus]

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.

[bountyecrire]

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.

[mimikri]

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.

[zilzylian]

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

[Seeyy]

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.