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

[ttcsalam]

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.

[Bobcrypto]

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.

[Fenix]

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.

[vanjava]

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.

[denthumpt]

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

[tervel]

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.

[Noverteno]

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.

[I-Bit]

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.

[FilippNN]

So gentleman a question. I own a 09 Honda civic lx-s sedan 5 speed manual. I was considering keeping it when the FT-86 gets here, but now I am pondering trading the civic in for a prius and still purchasing the FT-86. What do you guys think? Prius or keep the CiviC?

[Senin]

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.