Quote from: justdimin on Today at 10:44:02 AM

Quote from: stepwilli on March 14, 2022, 05:48:36 PM

Bitcoin will always have that kind of influence in the market, there is no way we could ever stop bitcoin to have that kind of influence. It is king of cryptocurrencies and it will stay like that as long as it is covering most of the market all by itself. I mean we are talking about reaching 60%+ domination at one point, it is lower right now of course but aside from only like handful of coins, rest of the pack could combined not be worth as much as bitcoin.

It is where the power for bitcoin comes from and as long as it is like that, I do not think that we would really have anything different at all. Just a situation where things are not really looking good for alts, when bitcoin goes up, that is only difference it could be.

It is true that Bitcoin still is big right now with 42%. Think about it, we are talking about one coin being worth 42% of all marketcaps and that tells you something. ETH got a bit higher and has 17% which is not bad, but even ETH doesn't come close to BTC, we have over 2x difference between them.

People need to realize that when one coin is at the top, and not like just a bit higher than others but literally reach to 40%+ OF ALL the market, you just gotta accept the fact that it is going to be quite difficult to make a change. I personally believe that we should not really be doing something silly and bother the market big enough to hurt bitcoin, because we can't just take alts over bitcoin, that is not possible.

When it comes to dominance then ETH do mostly overtake or in level with bitcoin but that was years ago but it didnt happen happen again but we couldnt really make out some assurances that similar situation wont

happen again in the future but for now then it is really hard to believe that it would be overtaken so easily considering on the extreme support of the community but of course there would be still some chances.

Speaking of price following then it is been typical but there are altcoins which doesnt correlate on bitcoins price.