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

[marcsymons]

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.

[Davenethan07]

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.

[Nanagyasi]

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.

[Bobcrypto]

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.

[MintDice]

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.

[trauchot]

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.

[alltalk]

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.

[Alcor]

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.

[Nerglio]

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.

[AvesLAher]

"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?

[May]

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.

[Mercury]

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.

[Fionn]

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.

[Fenix]

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.

[thefoexx]

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.