> Bitcoin dominance has been plummeting in the past few months.
Bitcoin's price is at an all time high. Please clarify what "dominance" means from your perspective.
Bitcoin's price is at an all time high. Please clarify what "dominance" means from your perspective.
In the crypto world, BTC dominance refers to the percentage of market cap that is tied up in BTC versus ETH and every other alt-coin.
There's roughly a 36 billion dollar market cap of all crypto currencies right now. 60% of that is in BTC. 40% is in Ethereum, Ripple, Litecoin, etc.
That is especially true given Ethereum doesn't have a viable use-case anyone is using it for right now, and most of the trading is simply speculation of future value, which isn't really value, or a right to "dominance", whatever that means when applied to speculation.
And yes, people can cherry pick numbers to rationalize their arguments, and then vote down people who they "prove" to be "wrong" when the person is just asking to clarify what something means because there is CLEARLY more going on here than what meets the eye. I'm growing bored of the HN audience's dogma.