I see a trend------Dominance now 50.2 %
Check out Marketcap.com
Posted Aug 11, 2018, 4:35 AM UTC
4025
Shit alts going to death
5
But this dominance metric is meaningless
5
Why you think so?
1
Because it doesn't account for market depth market depth is as important, if not more important, than spot price
2
Doesn't it tell you that when bitcoin is just moving sideways and those alts are falling that the market depth is not so big? Look at ETH when 1 ico started to dump their coins...
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You can't really infer one from the other. Yes I would agree that lower price volatility typically happens in deeper markets, but you need a metric other than price to infer something about market depth.
1
Not significant but not meaningless.
1
HODL!!
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people understanding shitcoins
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50.9 already, its getting traction.
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Marketcap.com doesn't seem to be related to bitcoin.
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it's coinmarketcap.com
1
another fun statistic making alts look even worse:
wednesday there were 1754 alts listed on coinmarketcap
now, saturday, there are 1818 alts listed on there.
i would say 1730~ of them are fucking useless.
I would say 1818 are
I mean without at least a few of them there would be a severe lack of memes and amusing scams to laugh at, where would we get our entertainment then?
1817
Monero has a valid use case.
This. Monero is superior to BTC.
That's akin to saying that only one operating system is useful and the rest are useless.
Competition drives innovation.
Aka the "i am too deeply invested in this and i need competitors to fail for my personal gains"-mentality or in this case "for me to loose less money"
A lot of other cryptocurrencies are superior to bitcoin tech-wise and speed-wise, the only one up bitcoin has is that it wasting a couple million kilowatts of power calculating nonces to secure the network.
That is because you're retarded
Lol
Took out the very low cap ones and Bitcoin probably at 60 at least.