The Bell Tolls for BTC: Market Domination is Slipping

Bitcoin ruled supreme until it forked out, and the market domination stuck to its evil twin, BTC.

Throughout the years we’ve seen the market being dominated by BTC, with periods in which domination would appear to fade for a bit, only for BTC to eventually grab its place at the top again.

Well, this isn’t going to be the case for much longer as I believe we have just hit the tipping point.

Not only that, but back in the days there were a lot more BTC Maximalists out there and this is changing as well.

Sure, there were always those who defended the solutions that worked, as various communities would stick up for their tokens, but now that’s becoming a widespread trend with systems and tokens like CARDANO, POLKADOT, BITCOINCASH, and so on, grabbing a lot of attention due to the fact they have a bright future in front of them.

As new ecosystems see the light of day and projects that actually work and have value come out, the “alt” market rises – decreasing the dominance of BTC.

Throughout this post, I’ll explain why the bells are tolling for BTC, and show you some facts and proof to back that up.

The graph I'm showing above is simply breathtaking... I love how BTC's dominance is clearly fading and fading as adoption rises.

People are getting into crypto, and BTC holds the fame, but as more people get into crypto, more of them start to understand its underlying mechanisms and seeing that BTC is expensive vaporware that fits the role of a collectible with no inherent value... kind of like a beanie baby, except you have to pay to play with it.

"BTC is expensive vaporware that fits the role of a collectible with no inherent value... kind of like a beanie baby, except you have to pay to play with it."

Now, having that said, remember that last year by this time BTC's dominance was at 70%, sometimes more.

Now look at that sweet graph above and see how it is declining.

Heck, it was 48% just a moment ago.

Now, let's take a look at the graph from the beginning...

As you can see, there was just one single moment where BTC's dominance was as low, but things were way different back then, remember that period was the golden age of scammy ICOs.

The market changes and BTC dominance changes too, but the overall trend is clear. With each passing day, we see more and more people revolting against the state of BTC.

Remember the Maximalists of old? Those leading the charge and evangelizing? Where are they now?

Where is their faith?

But I digress, I just wanted to show you the full picture so I don't get some Maxi screaming "ZOOM OUT".

I did zoom out... the graph speaks for itself, and if you point out to 2018 to claim this debunks the overall trend, you're just grabbing on to fallacy and you know it!

Besides, take a look at this:

Sorry for the notes on the graph as they are in Portuguese... luckily, I know a guy who speaks it - me.

Even if you consider the 2018 All Time Low in dominance as a previous alt season indicator, you see that the low we are experiencing now may mark the start of another... so BTC will probably lose ground even further... but that is short time thinking.

As I said, for the long run, the trend is obvious.

By the way, both graphs are made in tradingview.com If you want to make your own.

Here's Something BTC Maximalists Also Don't Consider:

Another thing is that, while these sites do their best to account for everything, you know there are dozens of extremely large DeFi projects and NFT marketplaces left out of each of the agents monitoring these things.

But this still isn't what BTC Maximalists don't consider

DeFi has a huge role in confirming the trend we are seeing today.

I wanted to show you an updated graphic, but for some reason, my antivirus is blocking DeFi Pulse for phishing as of now, so better not risk it.

However, the site to get the TLV value from different projects is indeed DeFi Pulse, so check it if you're confident you can do so safely - since this warning didn't trigger the last time I used it, I'm not updating the graph now - but these were the results in my last update.

• 2018: $70 million

• 2019: $660 million

• 2020: $1 billion

• 2021 January: $20 billion

• 10 days ago: $70 billion

You can see now how the growth is being massive, and why people are finding out speculating in BTC isn't the best option to "woot lambo moon rofl YOLO"... you know.

Yet, this still isn't what BTC Maximalists haven't realized.

Let me tell you what they didn't realize yet.

They didn't realize that by focusing on a project alone its hard to gain insight into the whole crypto ecosystem - and the fact is that if you zoom out and look at everything going on:

• NFT Crazes;

• New Blockchains;

• DeFi Phenomenon;

• DEX Explosions...

...it all points out in one direction:

DECENTRALIZATION.

What BTC Maximalists haven't realized, is that by putting their chips on a token that is piggybacking on the system it was meant to destroy, that is centralized thanks to Bitmain, the Lightning Network, and other variables that, on top of all of this centralization, has no use case...

...they are betting on the wrong horse.

BTC is totally rowing the other way...

...the wrong way!

I hope they can realize this in time, so we can adopt them here at Bitcoin (BCH).

Their home, once again!

A-Coin, @CryptoBabe , Scott Cunningham- Thank you!