BTC.D already told ya to sell when it correction. this time is different government power on btc only, altcoins game is over. Dump more 70-80% or hold your money for so long longtime 💸
BTC.D I am the only bitcoin believer against altcoins moonboys that are down a lot and just wanna dump their bags on you, don’t be naive and buy bitcoin
BTC.D It’s unlikely for Bitcoin to gain over 70% market dominance in the current cryptocurrency landscape due to the following factors:
1. Diverse Use Cases Many cryptocurrencies have unique use cases that Bitcoin doesn’t address directly. Ethereum, for instance, dominates the decentralized finance (DeFi) and non-fungible token (NFT) spaces, making it unlikely for Bitcoin to capture this market share.
2. Institutional and Developer Investment Significant institutional and developer investments in other blockchain ecosystems (like Solana, Cardano, Polkadot) ensure their continued relevance and adoption.
3. Evolving Blockchain Technology Bitcoin’s technology, while robust, is less flexible compared to smart contract platforms. As other blockchains innovate, they attract users and developers away from Bitcoin.
4. Regulatory Factors Regulatory environments could favor certain cryptocurrencies for compliance or use in centralized applications, preventing Bitcoin from dominating entirely.
5. Stablecoins Stablecoins like USDT and USDC are widely used for trading, payments, and remittances. Their popularity makes it difficult for Bitcoin to dominate market share beyond a certain point.
6. Community Preference Cryptocurrency users often prefer diversification to hedge risks or align with specific projects' values and goals.
Bitcoin could increase its market share significantly if:
Other cryptocurrencies face severe regulatory crackdowns. A global economic crisis leads to Bitcoin being adopted as a "digital gold" or hedge against inflation. A massive technological breakthrough (like an improved scalability solution) shifts significant interest back to Bitcoin.
Currently, Bitcoin's dominance fluctuates between 40-50%, and breaching even 70% would require extraordinary market conditions.