Post
Topic
Board Bitcoin Discussion
Re: BREAKING NEWS: Bitcoin Dominance < 50%
by
youdamushi
on 16/05/2017, 12:05:11 UTC
Bitcoin's share of the total marketcap (not its dominance) is decreasing because of a very simple math.

market capitalization = supply * price

increase the supply you increase the marketcap.
increase the supply to a ridiculous number like 100 billion you get a ridiculously big marketcap.
now have hundreds of altcoins with ridiculous numbers you get a huge total marketcap in which bitcoin has a tiny share.

Manipulation 101

Not COMPLETELY true because the price of altcoin could be VERY LOW.
Of course there are lots of alts.
But what's interesting is that they have not a void price at all.