Quote from: cryptoasis on July 24, 2018, 07:36:33 AM

As we are seeing some bullish movements with ETFs and things, Bitcoin dominance is also rising to its 2018 high to 46.70% with alts are bleeding badly with reference from coinmarketcap. How much do you think BTC dominance at a peak in this bull run before alts starts their own bull run.

We are about at the peak right now, since bitcoin is going up the altcoins value against bitcoin is dropping but their value in dollar is not dropping much and some even increase. So from here on if the bitcoin goes up altcoins will stay about the same on bitcoin price but increase in dollar value. However if bitcoin stays the same for a while around here people will invest back into altcoins which will make bitcoin dominance lower because altcoins bitcoin value will increase as well as their dollar value.

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As we have witnessed BTC dominance slid to 64.79% in Dec 2017 bull run from early 2017 where it was as high as 87%. If we take these two peak points into consideration, in my opinion, this time BTC dominance will be around 53% (55% max) in peak before alts takes momentum.

Please hold on. What is the significance of this statistics in terms of analyzing the growth of bitcoin or into comparing bitcoin against altcoin ? Firstly marketcap is an inaccurate measure to compare assets after that dominance is another similar measurement. I am not interested in following this.

Quote from: pooya87 on July 28, 2018, 03:08:55 AM

bitcoin percentage of total market cap will continue to go down as new shitcoins and new tokens are being created every day with millions or billions of coins in their respective supplies

This must be an inevitable truth. One day or other bitcoin dominance in crypto markets will go as low as 1% or even lower than that also when this truth persists. Bitcoin is the king of crypto world as per this community and no other statistics never needed to prove again to this community.