Bitcoin to retake some market dominance??
With Bitcoin hitting all time lows in market dominance. It would be reasonable to expect a rebound in bitcoin market dominance.
The trend over the long term however is down for bitcoin market dominance.
Bitcoins slide in market dominance is a function of its poor fundamentals (long transaction times and high costs) in addition to far more interesting, faster, efficient, and versatile platform coins such as Ethereum and NEO which are taking from bitcoins market share. Cardano (ADA) and EOS promise to offer these coins competition in the future. However only NEO and Ethereum currently have large active user bases, ICO tokens, and applications that run on and actively rely on their platform. The user community gives them the holding power to out perform the purely speculatively driven performance of bitcoin during this market correction. The total number of transactions on the Ethereum block-chain has out paced bitcoins for quite some time now and it looks like the fundamentals are finally catching-up to bitcoin. Steem has also been holding its gains nicely compared to bitcoin. Maybe its because of the many social networking platforms that now use and actively rely on it. Our labor and content creation gives steem its value. Pretty cool, no?
Why is Bitcoin slow? Why are the fees so high? The video below will explain for those of you who have not been up to date with the current war against the global imperialist forces of evil.
The banker oil-garchy (you know the criminal banking cartel that rents us money created from nothing and who owns every man women and child one earth in eternal debt slavery) has every intention to subvert and sabotage bitcoin. From my perspective, it would appear that their interference has only made bitcoin crappier and is now pushing people out of bitcoin as bitcoin looses market share to the rest of the crypto market ever since its irrational over performance hitting 20k.
Government, bureaucracy, and banks cant do any thing right. These institutions are so incompetent at technology that i am reasonably confident that any attempt made to sabotage cryptocurrency will backfire.
Does any one remember the USPS email machine?
any one .... any one ....
Exactly, no one does. Please view link to see this email machine https://www.bloomberg.com/features/2016-usps-email/
The federal mafia of the USSA cant even build a health care website for less then 100 billion $ when a 12 year old Indian child could do a better job for under five thousand dollars.
Hopefully, we can rely on their incompetence as they fail miserably. Also stay away from ripple.
Conclusion: If your crypto portfolio is heavily weighted with BTC, i would recommend scaling out of bitcoin and into other alt coins once bitcoin reclaims about a 45-55% market dominance.
Disclaimer : I am not a financial adviser bla bla bla