This is hardly discussed in here, if you do not find those threads, then it is your fault.


You are not seeing the reality in there, the dominace is dropping, but the whole marketcap is always going up.

When the dominance was over 90% a few years ago, tell me, how much was the marketcap? I bet everything that it was not even five billion dollars.

And now it is 38% but the total marketcap is 600 billion dollars, more than a half of a trillion.

What surprised me was the number of nodes @BTC versus ETH (for example). Ethereum has 4 times more nodes than Bitcoin.
Near term BTC will struggle given the high transaction fee.

I don't believe that if BTC will plunge massive, then the entire crypto market will go extinct. There is too much money and people who needs cryptos.

This is just a clear signal that people are realizing the limitations of bitcoin as a currency in real use, and at the moment it is only being used marginally as a store of value. Therefore, people start to explore new alternatives with greater growth potential than bitcoin or at least capable of serving the original purposes of bitcoin as a currrency or means of payment, and that is why we are seeing the revaluation of "old" coins such as Ripple and Litecoin.

Dominance isn't always proportional to market cap directly. It is by no means concrete, as bitcoin's interest has dipped in times of stress before. The question now, however, is what make of such downtrend.

The thing is, at the beginning of every year, the dominance percentage downtrends. Its nothing to worry about.


Number of nodes doesn't qualify the reason behind this downtrend. Bitcoin will obviously have lesser nodes than other cryptos since it has the largest blockchain of all time and selective few wants to run full node.


Bitcoin is the backbone of all cryptocurrencies. It won't fall ever.

The drop is due to the problem of the high fee of bitcoin in December, and many people panic to either cash out or move to altcoins.
It is really urgent that bitcoin come up with a feasible, usable scaling approach in the next 3-6 months. Otherwise I can see things turn out ugly.

I think it's tied to the price loss. Bitcoin is stalling while the other cryptos are growing, so it makes sense for people to park their money in alts only to buy into Bitcoin again once it starts showing signs of a strong bull run. Since the market cap stays the same, it should be quite safe to assume that people are simply going where the money is at, and it's not on Bitcoin at the moment.

I do believe it's going to recover, but it seems like an uphill battle at the moment. Fees are still high and there's still quite a large backlog of transactions. I hope the Lightning Network comes soon, and as advertised.

The reason is quite simple. When there are more and more alt coins come into the market - miners and investors have more choices to pick. In this case, the dominance of Bitcoin is proportionally going down for sure. Despite it, the overall market cap for Bitcoin still in the positive direction, which is a healthy sign...

It's totally a big loss those who are buying in high price, unless they never sell it today.
Even though bitcoin experiencing a huge dip, but still bitcoin dominate the numbers of investors. It could still have a chances that it will regains it dominance in the market.

Because only noobs talk about market cap and dominance.
For the rest, those numbers are meaningless.



38% out of 500 billions is more than 90% out of 50 billions.
Seems like math is not your strong point.

Not going to happen...

Yeah, nobody cares.
Because the rest are altcoins. We've seen thousands of them dying.

Perhaps another coin will become the flagship soon?