Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: marcsymons on June 26, 2019, 03:49:31 AM
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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/
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Bitcoin is actually dominating against altcoins but it sound somehow strange that not even one altcoins try to make wave since bitcoin started to rise, but that was not still enough the altcoins market is even fallen as bitcoin falls below $9k I think this is the first time in the history of altcoins to experience this kind of fall when bitcoin still rising.
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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.
You are very correct here, many guys are very smart, many people are selling off different altcoins to bitcoin since bitcoin is on the rise. This is one of the reasons altcoin are being dumped in the market. Obviously, if price of bitcoin continue rising, we may continue on to low altcoins price performance if bitcoin continue on it trend.
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If Altcoin doesn't follow the movements of the BTC then I think the altcoin price can rise by itself.
Bitcoin has strong community members, investors already understand what they are going to do. altcoin has a slight increase but cannot last long because Bitcoin has also experienced a correction to a 6% decline after rising at $13k
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If Altcoin doesn't follow the movements of the BTC then I think the altcoin price can rise by itself.
In fact, altcoins cannot be separated from bitcoin. Their prices will always follow bitcoin and the trends of the prices are dominated by bitcoin. So, I think it is still rather difficult for altcoins to rise their selves. But it is not impossible to do for some strong altcoins.
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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/
I see Bitcoin is still dominating against altcoins, But I see Altcoin is recovering slowly. Bitcoin is growing up. I doubt altcoins price is depending bitcoin. Because I think It is market correction of bitcoin. I hope Altcoin will rise in this year without bitcoin effect
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Bitcoin dominates in price against altcoins due to its high level of capitalization. However, this year I see only the price oppression of altcoins. I would already like to see how altcoins will behave without such a price dominance of Bitcoin.
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many think that domination btc because people sell alroins and translate them into btc. I do not think that this is the main reason. In recent months, when btc actively increased, there was a lot of transferring USDT to the exchange at hundreds of millions of dollars. I think this is the main reason. Maybe after btc reaches its goals, big players will start a pump altcoins
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Because now investors and traders can choose which one will benefit, no matter it's Bitcoin or Altcoin, the important thing is to get profit, he will hold it. Therefore now Bitcoin can no longer dominate like in previous years, before a lot of Altcoin popped up.
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I think today we can see that Bitcoin doesn't dominate again. Investors have chosen some altcoins and just keep their Bitcoin. As the price of Bitcoin decreased, investors should try to get other ways. And one of the possible ways is to trade altcoins when Bitcoin dropped.
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it's true that there is something different now, and right now when bitcoin rises then the altcoin price starts to go down, but I'm still optimistic about the altcoin price increase, and I think now is the right time to buy and invest in altcoins, because many have decreased.
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As Bitcoin is the main coin in the crypto world, it will always dominate against altcoins. It makes sense, people will focus on Bitcoin first because it is the first coin to increase before others [altcoins]. When it is rising, people will convert all their funds to Bitcoin.
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It's weird that after so many surges, bitcoin dominance remains unchanged or even climbs higher. Every body wants the altcoin season to come. But if bitcoin dominance continues the performance, even top-altcoin holders will be lost.
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This sudden change is not actually encouraging to the cryptocurrency industries because altcoins used to depend on Bitcoin to grow but not so now when Bitcoin is rising altcoins will be declining and now Bitcoin is fallen altcoins will also be fallen this sound strange, but we think that altcoins time we soon come since Bitcoin choose to rise on his own concerning this some people we start swapping their altcoins to Bitcoin.
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For now I think it's dominating but in no time although BTC is dominating we will see all altcoins rallying behind BTC to the moon. Some coins are doing good though from the market.
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Altcoin is very dependent on Bitcoin, the reason is that when Bitcoin prices rise, people will buy Bitcoin, but because the price of Bitcoin is getting higher, people will buy Altcoin. therefore we often see changes in the prices of Bitcoin and Altcoin often in rhythm. In fact, we often mention that Altcoin is very dependent on Bitcoin. But if the conditions have changed now, meaning that people's thinking has also changed, they are no longer dependent on Bitcoin.
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Frankly, I doubt the altcoin price depends on bitcoin. Because I think this is a correction of the bitcoin market. I hope Altcoin will rise this year without the bitcoin effect. I see Bitcoin still dominating the altcoin, but I see Altcoin recovering slowly. Bitcoin is growing up, the value of bitcoin is getting higher. Many investors are moving to altcoin.
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BTC domination is more than 65%, bullrun is LIVE but altcoins don't earn anything from cap-increasing. The power is in King's hand!
Perhaps we have to wait for the first successes of altcoins in their own ecosystems, not price increasing made by FOMO on the exchanges.
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really this is a profound surprise, bitcoin is so powerful in the cyripto market and continues to grow in value. even though now the value of bitcoin is down, today has managed to crawl up again. whereas altcoin is not moving at all. . which is always strong in every crypto market condition.
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Aspects that speak to bitcoin’s dominance within the cryptocurrency market include its stability, confidence, and accessibility.However, even when markets are not doing well, , the price of bitcoin tends to be more stable than other altcoins. Despite its peaks and troughs, bitcoin is still relatively stable compared to altcoins which experience hyperinflation.
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BTC domination is more than 65%, bullrun is LIVE but altcoins don't earn anything from cap-increasing. The power is in King's hand!
Perhaps we have to wait for the first successes of altcoins in their own ecosystems, not price increasing made by FOMO on the exchanges.
Well, it's not surprising that BTC dominates. Recently, many USDT have been launched on the stock exchange and then BTC has begun to grow. Another factor that BTC so grown in the domination is that people saw that BTC is growing and began to pour their altcoins into the BTC. So after the fall of the BTC, we did not see a decrease the domination of the BTC and the growth of alcoins, suggests that surely we are waiting for another wave of growth BTC
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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 I think Bitcoin is still dominating against altcoins. Because there is several reason why Bitcoin is still dominating. Bitcoin is the pioneer and the King of cryptocurrency. Bitcoin is more popular and more valuable than altcoins.
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as a pioneer of digital currency, it's not surprising that bitcoin dominates the altcoin. bitcoin is so popular that many adopt it even though the price is relatively expensive.
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bitcoin dominates the altcoin on the crypto market, I don't think this can be proud for now. because the value of bitcoin on the crypto market is now being destroyed like other altcoins. bitcoin is still unable to provide benefits to its holders. it still takes a long time to wait for bitcoin to recover.
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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/
As I observe it seems like that! Alt coins are stagnant at the bottom while BTC went bullish. My friends are hoping that sooner alts will go bullish after btc. I must stay positive since I have many hold coins now in my wallet. I need to hold because I also believe that altcoins will go bullish before this year will end.
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bitcoin dominates the altcoin on the crypto market, I don't think this can be proud for now. because the value of bitcoin on the crypto market is now being destroyed like other altcoins. bitcoin is still unable to provide benefits to its holders. it still takes a long time to wait for bitcoin to recover.
That is why I believe that in the future, the dominance of Bitcoin will fall and it will lose its position as the leader of the cryptocurrency over time, if it does not improve and, above all, does not scale.
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bitcoin dominates the altcoin on the crypto market, I don't think this can be proud for now. because the value of bitcoin on the crypto market is now being destroyed like other altcoins. bitcoin is still unable to provide benefits to its holders. it still takes a long time to wait for bitcoin to recover.
What price do you expect to say Bitcoin recovers? I think the price of Bitcoin has already improved very well. You should remember its price in the middle of 2018, it is much worse. We must be proud that Bitcoin can continue to struggle and improve its price. Don't be so greedy, man!
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It is not like this before like early 2017 when Bitcoin start to increase in value it always occur in our mind that altcoins will sure rise when bitcoin but I don't know what is happening to bitcoin recently a sudden change has taking place, it's only bitcoin that is increasing over altcoins or actually dominating the market but I believe it will normalize soon as possible because some altcoins are growing.
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It is generally accepted that bitcoin has a strong price dominance over all altcoins due to its high level of capitalization. Most likely, with the growth and development of Altcoins, the level of Bitcoin capitalization, and hence the level of its dominance will fall. What will happen next, we'll see.
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Frankly, I doubt the altcoin price depends on bitcoin. Because I think this is a correction of the bitcoin market. I hope Altcoin will rise this year without the bitcoin effect. I see Bitcoin still dominating the altcoin, but I see Altcoin recovering slowly. Bitcoin is growing up, the value of bitcoin is getting higher. Many investors are moving to altcoin.
Yes, it depends on Bitcoin. Simply, this year it is not so evident. BTC was growing faster. However, compare the percentage of BTC/alts loss and gains and you will see that they are almost the same.
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of course bitcoin dominates the altcoin market in crypto.and I think this is not something strange or new. bitcoin easily controls this because bitcoin is the parent of all altcoins.
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It will dominate, and it is fine. Everyone is escaping altcoins to store their value. But in the bullrun (about 2 years from now) btc dominance will be around 30% in my opinion.
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But in the bullrun (about 2 years from now) btc dominance will be around 30% in my opinion.
How can Bitcoin dominate only around 30%? Do you think any altcoins to have big roles in the future? What altcoins, bro?
For me, Bitcoin will always dominate crypto space. It will be hard for altcoins to overtake the dominance of Bitcoin since Bitcoin is the number 1 coin to hold.
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I think it's natural for Bitcoin to dominate the Cryptocurrency space, because Bitcoin is the parent of all Crypto today. Bitcoin is the king of Cryptocurrency, and has a big influence in the world of Digital Cryptocurrency.
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I am curious how and whether the situation will change once Libra drops.
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I do not think that Bitcoin will give way to other coins in the denomination, because it is the most expensive coin on which the price of altcoins depends. Yes, many coins are worthy of rivalry but will not get away from the influence of BTK.
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I personally do not understand what is happening with the current market. We have always seen all inclusive bull run but this isn't so this time. I do probably think, people are tradig their alts for btc and that is why altcoins are not rising
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not something new and not strange if bitcoin dominates altcoin.bitcoin as king of altcoin in the cryptocurrency market has a strong influence on trading. and this is a matter of pride for its holders.
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Gone are the days when bitcoin drags alt coins along with it. Its left for alt coins to build their reputation irrespective of bitcoin
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I think it's natural for Bitcoin to dominate the Cryptocurrency space, because Bitcoin is the parent of all Crypto today. Bitcoin is the king of Cryptocurrency, and has a big influence in the world of Digital Cryptocurrency.
Yes, as long as bitcoin continues to dominate altcoins in price and now it is 62.3 percent. However, it is hardly worth admitting that bitcoin's rigid price dominance in the decentralized cryptocurrency market is quite logical and inherent in this market by nature. This is most likely a temporary inflection point. The cryptocurrency is still a little over ten years old, and therefore the first cryptocurrency enjoys a well-deserved authority and popularity. However, I do not think that the same situation with dominance will remain at least in ten years. Over time, as the cryptocurrency market matures, this dominance should disappear. There will be no more pronounced leader, so there will be no price dominance either. It is possible that this is when there will be a real flourishing of the cryptocurrency market.
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But in the bullrun (about 2 years from now) btc dominance will be around 30% in my opinion.
How can Bitcoin dominate only around 30%? Do you think any altcoins to have big roles in the future? What altcoins, bro?
For me, Bitcoin will always dominate crypto space. It will be hard for altcoins to overtake the dominance of Bitcoin since Bitcoin is the number 1 coin to hold.
Yes, i agree mate. I think Bitcoin will dominate as long bitcoin is still number on Crypto currency. Bitcoin is very potential and has good progress now. In my opinion It is the right time to buy more bitcoin.
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Because Bitcoin is the first coin in crypto history. So I'm not surprised if Bitcoin dominates more than Altcoins. And indeed Bitcoin deserves to be called the king of coin.
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Everyone known, bitcoin is dominating against altcoins. Because bitcoin is the pioneer of Crypto currency. Bitcoin is still the King and always be number one on crypto currency market. So , I think it is normal.
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It is very obvious that Bitcoin is so dominating. It fits perfectly with its designation as the king of coin. Because Bitcoin is the first coin in crypto history. And many people only know bitcoin, they don't know altcoins.
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Bitcoin is currently dominating the cryptocurrency would.bitcoin's popularity increase day by day.alrt coin are keeping pace with Bitcoin.coin are currently playing a big role in the world of cryptocurrency.So I think alrt the popularity of coins are same of Bitcoin.
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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/
I think for now altcoins market are still depending at bitcoin value. But It not all. Maybe at the coming future altcoins will have own market and not depending with bitcoin. I see altcoins are more popular now.
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Bitcoin will always dominate because bitcoin is the basis of all cryptocurrencies and altcoins are very dependent from bitcoin, for example, when the price of bitcoin rises then the prices of altcoins also rises, and when the price of bitcoin falls then prices of altcoins also fall, of course, there are exceptions, and indeed most investors are interested in bitcoin for investments and not in altcoins.
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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/
Until now the altcoin market still depend on bitcoin. Take a look from 2018 to 2020 when bitcoin price fell, altcoin also fell in price. It is very unlikely that altcoin can be independent without depending on bitcoin. Because bitcoin is the king of all coin
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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/
Until now the altcoin market still depend on bitcoin. Take a look from 2018 to 2020 when bitcoin price fell, altcoin also fell in price. It is very unlikely that altcoin can be independent without depending on bitcoin. Because bitcoin is the king of all coin
Yes, I agree bitcoin is still the King of all Crypto currency. I think the reason why altcoins are depending on bitcoin. Bitcoin will always affect the altcoins. But I think not forever, at the coming future we will see altcoins not depend bitcoin.
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Some altcoins on the market have helped reduce the dominance of bitcoin. There are lots of coins in the market. In which the amount of total assets is constantly increasing. I think some new coins in the market are helping to reduce the dominance of Bitcoin. However, Bitcoin's position has always been good and will continue to be good in the future.
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I think that it has become the nature of Bitcoin that will be always the center point of cryptocurrency. Because BTC is the king of cryptocurrency. We can't separate the price influence by BTC. That is what I think so far.
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I think that it has become the nature of Bitcoin that will be always the center point of cryptocurrency. Because BTC is the king of cryptocurrency. We can't separate the price influence by BTC. That is what I think so far.
Of course, I agree bitcoin is always be the centre of crypto currency. Bitcoin is the King of Crypto currency. It is the reason why bitcoin is always dominating against altcoins. I think It will exist for along years again.
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Your idea is wrong because in the world of cryptocurrency one coin does not depend on another coin. If a coin depended on another coin, then the value of the coin that depended on it would decrease. Each market and coin moves at their own pace. Depends on the investors.
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But still, the price of altcoins and the current moment depend on bitcoin, especially in dollar terms, when the price of bitcoin rises, altcoins also rise in price, and when the BTC falls, they also fall
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I think your idea is wrong. Because I think cryptocurrency coins do not depend on any coin. Each coin goes under their own.
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Indeed, if we see that in crypto Bitcoin is so popular and there are a lot of enthusiasts. In fact, because the number of Bitcoin is limited, while many people want to own it, the price of Bitcoin is much higher than the altcoins.
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I think Bitcoin will always dominate in relation to alternative currencies. It has more trust and investors primarily invest in it. The first cryptocurrency will always have more advantages.
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I think the dominance of Bitcoin will never be able to reduce other coins. Bitcoin has become the largest of transaction worldwide. So I think even if the dominance of Bitcoin decreases, Bitcoin will not be harmed.
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I don't understand the bitcoin and alerts you talk about dominance. Please explain a little bit about the details.
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Altcoins can also be very opposite to Bitcoin because Altcoins also has its own principles.
Bitcoin can indeed provide dominance in the market, for example when Bitcoin has a red price, the altcoins turn red.
But Bitcoin is not on the side of anyone, aka independent and Bitcoin doesn't need altcoins.
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Altcoins can also be very opposite to Bitcoin because Altcoins also has its own principles.
Bitcoin can indeed provide dominance in the market, for example when Bitcoin has a red price, the altcoins turn red.
But Bitcoin is not on the side of anyone, aka independent and Bitcoin doesn't need altcoins.
Is it because every time buy altcoins during the ico period using bitcoin? I have seen almost every such project. So I think bitcoin and altcoin need each other
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Bitcoin: Dominance cannot suppress any coin. Bitcoin has started to be accepted by various companies and commercial stalls around the world. Bitcoin is not approved in many countries. Despite knowing that, people secretly accept bitcoin. Bitcoin is a popular currency around the world.
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I have always believed that no one will ever be able to get rid of Bitcoin. No matter how good the coin is, it can be seen that a coin has suddenly risen above the bitcoin. I think Bitcoin is the king of all coins.
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it has been for a long time that Bitcoin has an influence on altcoins. we can see how the price of BTC really can give an effect on altcoins. only a few altcoins that are probably do not depend much on BTC price. so here, this domination is true
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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/
The king always be followed by the follower .
It is normal.
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I have always believed that no one will ever be able to get rid of Bitcoin. No matter how good the coin is, it can be seen that a coin has suddenly risen above the bitcoin. I think Bitcoin is the king of all coins.
That is right. Bitcoin always dominate the market even from the past until today. No altcoins can change the supremacy of Bitcoin. There are a lot of investors around the world that invest in Bitcoin despite of its volatility. If it is now in decline, no need to worry because possible tomorrow will increase.
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I have always believed that no one will ever be able to get rid of Bitcoin. No matter how good the coin is, it can be seen that a coin has suddenly risen above the bitcoin. I think Bitcoin is the king of all coins.
That is right. Bitcoin always dominate the market even from the past until today. No altcoins can change the supremacy of Bitcoin. There are a lot of investors around the world that invest in Bitcoin despite of its volatility. If it is now in decline, no need to worry because possible tomorrow will increase.
At the same time, one should not assume that the price dominance of bitcoin in the cryptocurrency market will always be. The cryptocurrency market will continue to grow and change rapidly. The dominance of bitcoin will continue as long as it grows in value. However, this will not last very long. Decentralized market and rigid price dominance of one coin is not a harmony. This is most likely unnatural.
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Yes, the altcoin market has always been dominated by Bitcoin. Alt coins have the same popularity as Bitcoin. The popularity of these two is increasing day by day.
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A very smart answer because the King still has a very strong aura for his followers.
Bitcoin has its own meaning and characteristics for all altcoins so it is certain that Altcoins will follow the price of Bitcoin.
It's also simple when we see the King in this world who is real in the government, all the people are always obedient to the King.
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bitcoin is the father of crypto currency, but the era of altcoin is not as smooth as in 2017 where the price of bitcoin went up, altcoins will also go up following the father, now bitcoin has begun to rise to the moon. altcoins stuck in their respective positions
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This is not quiet unusual as we always seen this condition in the market how bitcoin dominates the market over all altcoins. The fact that it is the most accepted digital almost all the counties is the big advantage than all.
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Bitcoin is the parent of all coin because bitcoin developing the blockchain technology and creating crypto currency market
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investment is always risky so we need to be wise and need experience and information to give a good direction for the future
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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.
Yes , I see bitcoin is always be the King of crypto currency. When bitcoin growth, we can see almost of altcoins growth too. Altcoins are always be the follower bitcoin at crypto market. True mate, Bitcoin is always dominating to against altcoins.
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There are more and more cryptocurrencies come into existence, what has allowed bitcoin to remain the dominant cryptocurrency with the largest market capitalisation. Gabriele Giancola, CEO and Co-founder of qiibee, a Swiss firm enabling brand loyalty programs on the blockchain, looks at the factors which have contributed to bitcoin’s surge in popularity, despite its volatility.
In October 2008, a white paper proposing a peer-to-peer electronic cash system was published under the name of Satoshi Nakamoto.
Satoshi still remains an unknown figure, but the paper and the ideas it contained has taken off in a big way in the past 10 years.
The peer-to-peer electronic system proposed in that specific paper was bitcoin — a term, payment method, and investment mode that started to grow within certain sectors for almost a decade before hitting mainstream popularity in late 2017.
Bitcoin may have been the first cryptocurrency, but many alternative coins, also known as Altcoins, have used the framework provided by bitcoin to break into the cryptocurrency game.
As more altcoins appear on the market, what sets bitcoin apart and makes it the dominant cryptocurrency?
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If we talk about the dominance of Bitcoin. Then you need to know all the information about the total supply of Bitcoin, the authority of Bitcoin, the mining of Bitcoin, Bitcoin. I think the dominance of Bitcoin decreases a lot of the time. However, this may change when the level of transactions around the world decreases.
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it has been for a long time that Bitcoin has an influence on altcoins. we can see how the price of BTC really can give an effect on altcoins. only a few altcoins that are probably do not depend much on BTC price. so here, this domination is true
not for the moment.
I have a different opinion with you. because I see altcoin currently do not follow the price of bitcoin.
in 2017 bitcoin might really affect altcoin prices. when the price of bitcoin went up, altcoin also went up almost 100%.
currently bitcoin is going up very high in price like last year, but altcoin are just running in place. altcoin price up only 50%
bitcoin is the father of crypto currency, but the era of altcoin is not as smooth as in 2017 where the price of bitcoin went up, altcoins will also go up following the father, now bitcoin has begun to rise to the moon. altcoins stuck in their respective positions
I think with you.
in 2017 altcoin price really followed bitcoin.
one example, in 2017 the price of bitcoin reached $ 19,000, the price of ETH became $ 1500.
and in 2020 look at the bitcoin price reaching $ 19,000 but ETH only reaching $ 600