Post
Topic
Board Bitcoin Discussion
Re: BTC Dominance on CoinMarketCap
by
cheezcarls
on 10/08/2019, 05:13:43 UTC
Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is:  62.6%

As of now it almost close to 70% dominance over Ethereum and the other altcoins. It is why no matter which altcoin I can get, I am moving them to Bitcoin instead. As financial institutions and new investors recognize Bitcoin more than others, it is where it’s dominant than any other coins or tokens in the market.

Failed altcoins also contributed to that, which people are turning into Bitcoin after converting their altcoins to Ethereum. I have a lot of altcoins that I am holding in my wallet with a little hope in them. In order for me to make it grow, I have no choice but to trade them to Bitcoin as it continues to dominate the market.

Fact: You can’t beat Bitcoin