For future viewers: price of bitcoin at the moment of posting is 9123.90USD

Yeah, it seems so. I've noticed this as well over the 7 months I've been involved in the crypto world! When Bitcoin is going down, people either cash out or invest into other cryptos. 

But yeah, the wave of wealth is coming and I'm pretty sure STEEM and BitShares will do really great. The potential is too great here! These 2 cryptos are really undervalued as of currently, and I'm investing into BitShares a bit, because it's extremely low at the moment. 

It's a bit sad though, that STEEM went that low from where it was. It was holding up nicely even when everything else was falling down rapidly, but even STEEM couldn't hold out any longer, I guess!

Bitcoin has brought up its market share again as investor go back to established and quality names.  The reality is that many altcoins ran up too much; some without having a working product which is very aggressive even for revolutionary technology changes.  As the reality syncs in that a large number of these projects will fail for many reasons (money does not solve it all as seen in the dotcom bubble), many investors will flow to those select few that are successful in their projects and benefit from increased adoption.

The next altcoin cycle will begin once Bitcoin prices increase again and cause FOMO.  By the time new investors look at the price, they will think it is too expensive and look to altcoins to get involved in the markets as most of their prices are more “cheaper”.  This will cause demand on the altcoins again, particularly those with low price values per coin (not market cap).

Hope you are right and we can see steem up again!

This correlation Is very interesting. When, not if crypto takes over especially Steem and BTS I will thank you, because thanks to you I got interested in BTS which I wasn’t before I found you. Anyway, I kind of feel that once BTC starts crashing for real, it will freak everyone out and everything will start tanking. I think everyone might cash out to fiat including alts. But a bit after, people will re-enter into good alts such as Steem and BTS of course. To cash out to fiat though, you're subject to capital gains,...which is around 20%, right? Is it better to pick some good alts and BTS once the sh.t hits, or cash to fiat and re-enter? I mean, 20% is a lot. I still debate this in my head. I honestly need a plan so I can stick to it. For now my plan is to hold and don’t panic.

Oh, I have actually written [an article](https://steemit.com/bitcoin/@mejustandrew/who-thinks-too-that-bitcoin-is-going-to-be-one-of-the-alcoins-soon-raise-your-hand) about how Bitcoin is going to be one of the alts (even though this is theoretically impossible), but meaning that it will lose so much position compared to altcoins that people will have a hard time spotting it on the list of the cryptocurrencies.

I really believe and will continue to believe it. The technology that Bitcoin is based on is quite old and unable to scale, and without a hard fork to raise its potential, I don't think it will be so popular in the  future.

But who knows, maybe it will still be used for big transactions only :D

I'm glad that someone has started noticing the trend now. How the market capitalization is gradually moving from bitcoin to altcoins. I would say its likely cos of the value been added by some of these altcoins as they have better use case than bitcoin. I expect 2018 to be the year for altcoins

While I HODL a variety of small bags of altcoins, I have no BTC at all currently. 

And yet, some part of me is fudding about the possibility of major long term BTC dominance. 

Thank you for this post, I will sleep like a baby this night :)

Your post always gives us detail information about Cryptocurrency & its current situation. After reading your post any one can understand whats the current situation & what will happen.Thank you so much for taking the time to post this information, it will help a lots of steemians to understand & make decision.So keep up the good work for all of us.

BTC only began losing significant market share to alts when the 1MB limit was hit. One of the reasons why Bitcoin’s usage is also at its lowest level in two years. Many users were driven away by outrageous fees and merchant un-adoption.  Also the last time Bitcoin had this few transactions as today was in beginning of 2016. At that time, daily transaction numbers were growing. Now they are rapidly declining. This is concerning and is not cause for celebration. However, I would like to point out that most bitcoin holders are not traders, they buy and hold long therm just like I do for multiple reasons.

Bitcoin is the original currency. Like gold it will always be a back up when the rest struggle. So it makes perfect sense that when the alts are going down then people will move their money to the more stable and valued bitcoin.
In the long term I see it acting like a reserve to hold the value of the market as people will have most of their money in the more useful and purposeful alts like steem and ripple. It will always be there holding up the market but more as a stop gap than a functional entity.

This is very good opinion.Here has many bloggers about the market update but your blog is always top.So nice combinations of sentence timely word.I appreciaye that.Thank you

This is not something you can interrupt. The new decentralized stock market opens, and the states are unable to intervene. I believe the value will come out again no matter what. Only when people are afraid, it falls, when it comes to heart, it turns out, it has been very fluctuating for 7 years, even ninety percent has fallen. That's just a word of patience.

Another big difference between bitcoin and LiteCoin is the hashing algorithm that you use for each Block solution, as well as how to distribute many encrypted currencies each time a solution is found. When the transaction is made, it is grouped with other previous transactions within a single encrypted block.
Computers known as mining tools rely on the GPU or the CPU to solve the complex mathematical problems of the block, by the metalers (notaries). At this point, all transactions within the whole mass are fully verified and stamped as legitimate transactions (based on the distributed log of the transaction, ie, the LiteCoin).
In addition to this, I see that every rise and fall is controlled by supply and demand
As for me BitShares currency has a big future wish for the current $ 0.16 is nothing means it will multiply thousands of times in the future.
There are two people who are very professional and well motivated and I hope that everyone will help them promote Bts and Steem
https://steemit.com/bitshares/@faissalchahid/a-strong-bullish-currency-forward-stan-larimer-and-michael-we-work-hard-on-them-please-follow-them-and-motivate-them-more-they
Thank you. The topic was interesting

Today is my first day at steemit.. I actually don't know what to say or comment. I read your post & its a good analysis. You know how to present a difficult subject in a simple & interesting way.

I completely agree with you that when Bitcoin falls, there is a tendency for the altcoins  to grow. Here, of course, we can quite assume that in the near future we will see a decrease in the volume of Bitcoin markets and a rise in the influence of the altcoins . For most of its history, Bitcoin was synonymous with the crypto-currency market. But 2017 marked a deep shift in the dynamics of the market, while Bitcoin took into account a smaller share of the pie. This trend could intensify in 2018, as investors open up new uses for many altcoins entering the market. For market participants, some of the most attractive altcoins are those that are trying to overcome the bottleneck scalability and transaction constraints. The decrease of Bitcoin's market dominance is also observed when analyzing its influence on other cryptothermia. This suggests that the market distributes wealth more proportionally to the class of digital assets, which is positive in terms of risk and as you correctly noted, the STEEM and BitShares in this case have excellent prospects! Thank you @cryptographic

It’s 2018, and it’s already looking promising for cryptocurrency’s alternative players.  Since the Christmas correction of December 22nd, altcoins have steadily recovered while Bitcoin has struggled to re-achieve both its pre-correction price and a majority of the market’s total capitalization.  

Two days into 2018, Bitcoin’s market dominance slouched to a historic low of 35.7%.  To put this into perspective, Bitcoin entered 2017 with about an 85% share of cryptocurrency’s total market cap.  The lowest we’ve seen it until now was 37.6% in June, a time when altcoins like Ethereum and Litecoin were surging in value.  

And they’re surging yet again.  As Bitcoin treads water, we’ve seen investor jump ship to other crypto assets.  Ripple, for example, has picked up some of Bitcoin’s investment slack.  Recently outpacing Ethereum for the #2 spot on Coin Market Cap, the banking-focused crypto rose to an all-time high of $2.80 on December 30th.  At the beginning of December, it only accounts for a little over 3% of crypto’s market share.  Now, it accounts for 14.19%.

Even with Ripple replacing it as the market’s runner-up, Ethereum is also capitalizing off of Bitcoin’s receding dominance.  At press time, the blockchain platform reached a new all-time high over $900.  Its own market share rests at around 13%.

more know https://coincentral.com/2018-year-alts-bitcoin-loses-market-dominance-altcoins-prosper/

>Actually looks like Alts have been holding up relatively well in 2018, especially the “Others” group. I think this trend will likely continue, perhaps even accelerate, and Bitcoin will eventually be just another crypto in the middle of a big pack below 10% while the “Others” category moons above 50%.

These numbers are very ambitious! I have begun to wonder what it really is. Everyone from this work will be profitable if you say it correctly.. :)) @cryptographic

It think the price of bitcoin fall, because of the current rate of all crypto currenncy

This Others group has the endless source of strength in the form of new projects. STEEM and BTS have been in the group for a while but new players are getting added continuously, take EOS or Cardano. And many other cryptos with the cap higher than $100kk were created in the end of 2017 - they are also members of this group. New blockchains and dApps are getting created every day and some of them represent bigger interest for investors.
BTC itself has lost its dominance for me when I faced extremely high fees in Nov-Dec 2017. After this I completely forgot about BTC as a way of transfering  value and I'm completely happy, cause except avoiding fees I started to enjoy the speed of transactions many cryptos are offering.

BTC tps is at the lowest level for the past 2 years (proof: https://blockchain.info/en/charts/n-transactions?timespan=2years ). My own explanation is that many people had to try other crypto during high fee season in BTC. They tried and they liked, now they do not want to go back :)

I noticed this also. Even our beloved steem seem to have been gaining on BTC in this dip, even if albeit a little. BTC, imho, will always be relevant because, obviously, it came first and paved the way. So it's always going to be revered as that kind of like pioneer. 

And then in the future I think it's going to be a very good store of value, sort of like gold, but I totally see it getting overtaken by Alt-coins as a means of exchange, man.  There have, of course, been some improvement, like the Lightning Network, but even so, the Alt-coins aren't relenting and they aren't going anywhere.

Like I said, in the end bitcoin will still be revered as the GOAT, but defintely the Alts will gain and overtake, levees will break! Hopefully--and almost certainly--our steem and bitshares will be among the leaders!

First I want to tell you believe me I do not care about these things .. Bitcoin and Ltc
For me, it is just a case in which the offer and demand are discussed and may be reduced at any time
I love steem me a lot of reasons for having a family here. I respect and appreciate them. They work to develop society and develop. Here we all go forward. Do you know my friend? If I had a million dollars I would go on steemit.
I want to develop myself the problem I faced that English is not my mother tongue but I try as much as possible to pass my way
I see Bts as an opportunity to buy and buy for me. Someone changes his life. We have to believe that we are the ones who make the change for me. That is why we have to get up and help each other.
I offer a generous reward and this motivates the exciting of the members to comment and purely and this is a great virtue of you, we must help others here in steemit me, we all advance there people here are only working for me their personal interests and this does not motivate new members such as the person called @haejin has caused a big bang And I see that only works for me the same input more than 2k every day and this is not considered fair we find publications of the best publications of my many and have more benefit and together do not exceed 0.01 $
And my greetings to you sir

The percentage of total market cap of bitcoin and altcoin from recent times shows that bitcoin is gradually loosing its place to altcoin.
Between feb 15 2016 to mar 5 2018, the percentage rate between bitcoin and etherium shows that etherium is gaining more ground and bitcoin is slowly loosing its ground. The Statisics from coinmarketcap.com proofs that: 
In feb. 15 2016, the value of bitcoin was valued at 85.42% and etherium values at 4.55%. By mar. 5 2018 the value of bitcoin has droped to 41.56% and etherium has appreciated more to 18.36%.
This shows that bitcoin is loosing it market dominance to altcoin. I think a little while from now, there's going to be wealth transfer like you've said...
Thanks

There is no way that Bitcoin maintains a 40%+ market share as the cryptocurrency market gets bigger.  While I still believe that a ton of cash will find its way into BTC since it is so well known, other coins will see much greater growth as a percentage.

Since we both are in the same thing, I am right there with you looking for big runs in BTS and STEEM.  @stan's idea of having BTS projected into every EOS blockchain should really make that platform explode.  

Ultimately, that might remain one of the fasted blockchains out there.

Ya, let me start by saying I defintely agree with this sentiment! but.....

Bitcoin isn't sleeping! It might never be able to scale on the same level as steem or other Alts, but i'm almost pretty certain there are plenty big things being planned there too. I reckon the team isn't sleeping anymore than Dan Larimer and the block.one guys or Vitalik Buterin and his team are.

Take Lightning Network, for example, obviously we all know it's a second layer protocol that has been very well implemented on the btc blockchain. And with it comes the possibility of instant transactions between  nodes and peers. 

Obviously this is a sort of answer to the scalability problem. Now I've heard, though I can't remember from where, that it is naive to think of this as the overall solution to BTC's deficiency, I say it just to prove my point that the team over there are working too. And who knows?

I said I agree with you, though, first because obviously numbers dont lie; and that chart up there shows clearly that the Alts are coming strong; for sure. I think BTC dominance will defintely, defintely fall. These alts are too awesome to cower under BTC so much like this.

Our steem is going places; the plans have been revealed to us. SMTs are coming soon. Bitshares is rocking. EOS is full of head turning plans--maximum scalability which BTC with all its Lightning will never be able to achieve; so many awesome decentralized apps that will make ethereum look like a kid. And of course we know ethereum itself is no pushover, so ya, good year for the Alts, and even better times ahead.

I will warn again though, NEVER UNDERESTIMATE BTC!

Bitcoin is gradually depreciating in value to altcoin. [Statistics](https://coinmarketcap.com/) shows that. But i personally feel that the effect of this is due to demand and supply and preference of individidual need for different crypto.
I know for sure that bitcoin will jack up again and altcoin ain't gonna displace bitcoin atleast not anytime soon

What?
How does that happen, I though that all other altcoins are pegged to Bitcoin. So when Bitcoin falls all of then fall.
What is causing this inverse relationship??

> BTC has value because Crypto has value and it's the original. Institutional money is going to back the coins that best support them. Crypto is growing but BTC is losing market share

**Mcap DEFINITELY manipulated. But look at overall trend -- $BTC losing market share helps #alts.

 There is no magic % to signal bull/bear mkt. Look @ trend. Trend is your friend.**
many of us $crypto noobs despise the volatile beast that is $BTC and eagerly anticipate it losing dominance & market share | Bitcoin Walks The Tightrope While Bears Sever Strands (BTC) 
You could be right though BTC is losing market share. I wouldn't be surprised if it never came back up. Other alt's are going to continue to close the gap between themselves and BTC and one day leave it in the dust..