Quote from: coin-investor on September 03, 2019, 05:23:15 PM

Quote from: lobat999 on September 02, 2019, 02:26:15 PM

As per Coinmarketcap's data - https://coinmarketcap.com , Bitcoin is steadily gaining market dominance and I want to know what will be its implications or possible repercussions on the crypto-industry? Any ideas?

It could only mean that people are very much into Bitcoin than new altcoins in the market. And the majority of investors in the market preferred to invest in the top coins in the market, with Bitcoin as the number one coin they preferred to keep in their portfolio.

In the last two years, there are not many new coins in the market that has usability in the community, the majority of them are just copy of the existing project or concept, one example is these new exchanges based coin that just comes out of ICO.

Yes. It's good to know that bitcoin is still dominating the whole market so that people should all come to realize that there should be a larger portion of bitcoin in their portfolio than filling them with altcoins that are only making very slow progress in the market. If this continues to happen, mass adoption for bitcoin will be very possible soon knowing it's been very uselful in the market and has been very profitable as an investment.