Post
Topic
Board Bitcoin Discussion
Re: Why is Bitcoin market dominance rising fast?
by
Abiky
on 27/09/2019, 22:04:42 UTC
It is called volatile nature and the market will be fluctuative and that is called crypto market. if you want to stay in the crypto industry we need to under that how the market moves and need to predict the value and fix your trade market at the right time.

We need to choose the invest on the right coin like top listed cryptocurrencies to make the money perfectly.

Exactly. The volatile nature of cryptocurrency could either reflect higher or lower prices within an instant. It's normal to see Bitcoin with an extremely high market dominance, since it's the first cryptocurrency which started this craze. Altcoins will never outpace Bitcoin in the long run, as they lack the established branding and mainstream recognition Bitcoin has. Because of this, I believe that Bitcoin's market dominance will always be high no matter what. As more altcoins decline in price, Bitcoin's dominance will increase in a flash. With upcoming upgrades for the BTC blockchain, it's hoped that demand will increase like never before leading the pioneer cryptocurrency towards new ATHs in price and market cap.

By choosing the right coin (mostly Bitcoin), you'll be able to preserve your investment for a long time. Since Bitcoin is well-known to be a store of value that's censorship-resistant, it could gain the attention of institutional investors within the not-so-distant future. Given how the market has reacted lately, there's a high possibility that Bitcoin will increase towards a market dominance of over 85% soon. If you're an early adopter of the cryptocurrency, you'll benefit greatly from Bitcoin in the long run as you'll have greater spending power like never before.

Nonetheless, market dominance for Bitcoin is rising at a fast pace probably because most altcoins are becoming cheaper each day. The moment altcoins start rising, you could expect for BTC's dominance to stale or remain lower than it was some time ago. What matters is that Bitcoin will always be the #1 cryptocurrency no matter what its price will be in the future. Doing a smart decision by holding Bitcoin no matter what, will keep you safe in the long run. Just my opinion Smiley