It's an altcoin season so it's not very strange to see Bitcoin dominance is dropping as expected.

Bitcoin, altcoin season index

• https://www.blockchaincenter.net/altcoin-season-index/

Except if you don't see the altcoin season is coming, you will not find an answer for Bitcoin dominance decrease recent days. Its dominance can drop more when Ethereum takes off and trigers the ERC20 ecosystem with many tokens to rise.

Bitcoin did its pump for now, and now its time for alts to do the same before bitcoin (probably) continues going up. Its been happening every bull run and this one probably be no exception.


Tell me that this is your first bull without telling the that its your first bull.  

Talking about competition strictly from market share point of view, right? Anyway, I see pretty much the same names as in previous cycles so I don't see what changed in the meantime to be so bearish about bitcoin.


So exactly the same as in all previous years? 

i know legiteum acts the fool to get others to solve his queries for him (like a baby cries to get spoonfed)

i know legiteum has already been corrected about the fact that market cap is MEANINGLESS

it does not indicate market share..
it does not represent how much popularity the market has of one coin or another
it does not represent any % of whom invests in what more or less
it does not represent %dominance nor %demand nor %desire

the point:
anyone can make a 200trillion pre-mined coin and with just $0.10 buy one of those coins and create a $20trillion market cap
one person + $0.10 = largest market cap

the other point:
so legiteum has been informed of this yet continues to be a dim-whit.. so the real question is why does he continue to be ignorant of how things like crypto work and whats actually important.. and why does he continue to pretend that he has not already been told this stuff

Dunno about you, but I certainly didn't expect that we will go through 100k mark on the first try so I see nothing strange in all this. Altcoins are getting their little pump before those who control the market decide that its time for bitcoin to finally break it.

If I were you, I would rather see it as a chance to get some more under 100k bitcoin than worry about it and thinking its some sort of a sign that bitcoin is in trouble.

Okay, but... if you invested in (say) XRP during this latest bull run for BTC, you would have 10x your profits, at least. Just saying.

To be clear, I personally hate speculating and I don't personally own more than $100 in other cryptos (besides my company's), and I definitely don't do "day trading" or trying to predict what is going to go up or down in a week or a month.

But I think it's interesting to look at long-term trends, because they can change the way you look at the business.

As it is, we might expect for sure some slowdown on the pump of Bitcoin since the money might just go into altcoins for sure, since there are a lot of people probably already cashing out on Bitcoin, and investing it on altcoins for sure. But if we believe in the cycle of Bitcoin a lot of investors are going to believe that the market price could still peak in October next year, and I also believe in it, and for some it might just be easy to chill on the position since we buy and invest on Bitcoin on a very low price so, so buying early on Bitcoin could easily pay off right now that we are already on top around 90k$, its easy for a lot of people to take a profit at this point.

Would still continue to hold my Bitcoin but mostly planning to sell it next year whatever the market price might be, I just want to see if the market price is going to continue to increase in the coming months even though the market dominance is decreasing, but I'm planning to sell around 120k$-150k$ which I think is very possible at this rate.

Not really? The return was from 50 cents to $2.4, which is a bit less than x5 return, so I can't really say that there are enough reasons to consider this anything great, because even bitcoin went under 20k and reached to nearly 100k, so we have seen 5x return from bitcoin as well, and that's the biggest name, if you look for others, there are better ones too.

So there is really no reason to invest into XRP at all, makes no sense to me why people insist that it's a good coin, I would avoid that if I could. I agree that long term investment is better, and I do that too, I have mostly bitcoin, and then there are some other ones as well that I try to look at this as a good way to move forward as well, that will be a lot better.

I guess I simply disagree with this. Comparing the current market to only three years ago, for instance, tells me that things have drastically changed.

Crypto brokers were the single-biggest contributor to the US elections in 2024. That's crazy--and very, very different from before when political contributions were basically nil. This tells me that crypto has grown up as an industry, and there are now key players that control this industry--and they are the major brokers like Coinbase and Binance, as well as the major private chains like Ripple, Solana and Hedera. None of these industry leaders have any specific reason to boost Bitcoin, and they have billions of reasons to pump it's competitors.


Um, because "past performance is not indicative of future results"?

Just because Bitcoin went up in the past doesn't mean it will go up in the future.

Also in the past: Bitcoin dropped by 75%. So there's that...


I was talking about the current bull run after the US election. XRP (and many others) have blasted off many times their previous value, and Bitcoin has risen perhaps 35%.


I'm sure you have your reasons--and I wouldn't know how to predict any coin's price (except Legiteum, which is going to the moon).

But you are bolstering my overall point here: today, Bitcoin has... competitors. People are much more comfortable buying non-Bitcoin currencies than they used to be.


I was talking about new individual investors, not new currencies. Newbies usually gravitate toward the most well-known brands, which Bitcoin is by far the biggest. It's very bearish, therefore, that Bitcoin is actually losing marketshare in this context.