Post
Topic
Board Bitcoin Discussion
Re: Bitcoin wobbles as traders turn to other cryptocurrencies amid uncertain future
by
andrei56
on 28/03/2017, 01:59:30 UTC
according to cnbc. in this article



The reality is if you look at https://www.cryptocompare.com/  Eth, dash, and zek, are down and BTC is up within the last few days.  ROLMAO!!

What you should be looking at is bitcoin dominance.
http://coinmarketcap.com/charts/#btc-percentage
Bitcoin accounts for 69% of total crypto market cap now, which is very low when you see its overall history. It was ~85% a month back.
That is low but at the same time, we need to accept that as bitcoin is unable to advance in some key issues then other coins are going to go up because they are able to fill a void that bitcoin leaves for the lack of consensus.