Post
Topic
Board Bitcoin Discussion
Re: Bitcoin dominance record
by
jagdeepjd
on 22/09/2018, 07:35:45 UTC
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/

It is not about the faith it's about making money most of the people buying into those shitcoins does that because of the lucrative gains potential which they carry. And the market recently has been bearish so its normal for the people to keep their satoshis intact as the altcoins does not have a bottom and they can go down to unimaginable levels of low.