Bitcoin was once dominant in the crypto market being pioneer of crypto currencies.Then it started to lose its dominance gradually due to the entrance of hundreds of new coins.
Bitcoin's dominance was at its lowest at 36.1 percent.
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
Dominance doesn't matter. Its just a useless stat. Just as useless as diet water: Bitcoin's dominance was at its lowest at 36.1 percent.
But now, once again bitcoin's market share has reached high to 57.09 percent which shows that people have lost faith in most of the shit coins and find only bitcoin to be the safe haven.
https://www.reddit.com/r/Bitcoin/comments/9f0bed/new_btc_dominance_record_since_13_dec_2017/
This is a false dichotomy. I completely believe in Bitcoin's ability to change the global monetary system, and I also completely believe that 99.9% of altcoins are complete trash. People are starting to wake up to the fact that most altcoins are just empty promises, with no working product and no future.
People are still stupid. Don't worry,once they see ICOs offering 300% annual returns, they'll be back on track.