Bitcoin is losing its value in terms of price but it is gaining dominance for the few days and it already passed 50% which maybe the most all time high of this year,so bitcoin is most trusted by others when comparing others,we may see another good run in the end of the year due to many factors.
Bitcoin isn't losing or gaining value. Coins tied to Bitcoin do. 1BTC = 1BTC.
It's not the best thing to add so much importance to Bitcoin's dominance in terms of its market cap. Altcoins are similar to leveraged positions which make them go up and down way beyond Bitcoin's price movements.
If we indeed happen to see a somewhat decent increase this year, it will pump altcoins back to where they started before the recent decline, and who knows what an altcoin season (if it still exists) is capable of doing.
Fact is that the whole crypto industry has not been innovative enough this year, which is quite a shame. It's like the bear market has completely covered this industry with so much negativity, that not much seems to happen.
Yes exactly. The value will always hold its value in consideration against itself. But if you want to compare it with something else, like the dollar for instance, you might notice that it has decreased since last December.
It has increased significantly if you don't look at the peak from the winter. Average it out and you'll see that it's still up. The reason why we still see slow action right now is just because no one sees any good reason for getting it going at the moment. Everyone is still thinking about what happened in the past.