Show in chart In USD In Euro In GBP In BTC Daily change % Return on investment % In USD In Euro In GBP In BTC In USD In Euro In GBP In BTC Daily change % Growth % In USD In Euro In GBP In BTC In % Daily change % Growth % Supply of coins Currency rank based on market cap Scale Linear Logarithmic Select allDeselect allCurrency prices are updated hourly, most recent update 2017-06-24 13:00 (UTC).By popular demand from my last data visualisation for 118 coins, here’s the performance of bitcoin vs alt-coins over time**.Further details: The coins plotted are: XRP, LTC, OMNI, NXT, PPC, NMC, QRK, DOGE, XPY, BTS, AUR, DASH, MAID, XCP, XLM, BLK, ETH and BCN 6 outperformed bitcoin, from 1.4x to 25x, the best performer being DASH.12 underperformed bitcoin, from 0.72x to an abysmal 0.000145x (essentially zero) which was XPY.This graph does show some alts can hold their own against bitcoin if you pick them right.

I’m dubious if any can hold this trajectory long term though.As there’s a rough pattern of upward initial momentum before gravity takes over.Of interest is during the 2014-2015 year where bitcoin was flat, alt-coins did not outperform bitcoin.During this phase there was a strong historical correlation between bitcoin and alt-coin price performance.Previously during my index simulations, we found that alt-coins suffered much worse than bitcoin during bear trends.Of late this correlation has been broken and we can see August of 2016 being the top an alt-coin bubble and a divergence emerging as alts head downwards during a strong bull run for bitcoin.** Plotted coins are any alt-coin that has sustained a yearly average market cap beyond $5m in any calendar year of existence.People are often using the Bitcoin Dominance chart to make a point about Bitcoin’s relevance and popularity.I believe in most cases where people tend to use it, they’re using it wrong.The DataThere is a lot more money coming in crypto and blockchain startups.As more big companies invest in blockchain related startups you’ll see more speculators jumping on this new “Wild West” market where there are no rules.When we look at the total marketcap of all cryptocurrencies together:When we look at the Bitcoin chart we see the following:It is important to note that without MtGox Bitcoin would’ve never gone that high back in 2013–2014.The AnalysisEvery investor, trader and speculator is looking for the “new Bitcoin”.

Bitcoin had incredible returns and now that it reached a (relatively) “large” marketcap the odds that it’ll go x10 from here in a year are quite small.That’s why new money is, partially, investing in altcoins and diversifying: they don’t want to miss out again.The chances of an altcoin going x10 in a very short period of time is a lot higher.Just take Dash as an example:Lets start with the basics: when a coin has a marketcap of $1 billion, that doesn’t mean that $1 billion was actually invested in it.How much money is needed to pump a coin a certain amount depends on a lot of different things:Current marketcapDistribution: how big percentage of total coins do the people who want to pump it have?Unavailable coins (locked/lost): If we take Dash as an example: a large percentage of the coins are locked in masternodes, which means they will not be dumped on the market when someone wants to pump it.For Bitcoin we have the Satoshi coins which never move, for Ethereum we have for example the 25% of coins from presale that have never been accessed.Investors: investors tend to hold coins for a very long time and they will not easily sell their coins, making it easier for pumpers.

Ethereum for example has a lot of these investors that hold their coins.Media/”famous” investors/shills: Even though I don’t consider Ethereum a legit crypto project for obvious reasons, they do have a hard working propaganda machine with Consensys.bitcoin pastebinFor Dash you had Roger Ver shilling it multiple times:Lets try with an example:Marketcap: $44 mil, daily volume: $2.3 mil, up: 30.87%.bitcoin hard forkThat means the day before the marketcap was $33.66 mil.bitcoin charts coinbaseEven assuming there are no sells and they are all buys with $2.3 mil volume they increased the marketcap with $11 mil.If the market is older, bigger and more mature, like Bitcoin, it becomes a lot more difficult to simply pump the price.bitcoin block fork

This makes it more stable (read: boring for speculators).Lets take a look again at the Bitcoin numbers:1st of December:Bitcoin Marketcap: $ 12 billionTotal Combined Altcoin Marketcap: $ 2 billion14th of April:Bitcoin Marketcap: $ 19 billionTotal Combined Altcoin Marketcap: $ 9.1 billionGiven the following facts:Bitmain and Roger Ver are blocking Segwit progressETF was denied causing a bit of panic (but price surprisingly recovering fast)A lot of Bitcoin fud articles and articles praising altcoinsAltcoins are currently in a bubble waiting for Bitcoin to make a moveI really don’t see any issue for Bitcoin.Conclusion:While people don’t like the uncertainty created by Bitmain and Roger Ver, which may have resulted in some people hedging positions in alts, I don’t really see any reason to panic.litecoin worth chartThe “flippening” might be a cool word but it’s a very unlikely scenario.Altcoin bubbles happen roughly once per year.bitcoin graph blockchain

The fact that the Bitcoin Dominance percentage is getting lower, is a natural phenomenon thanks to the growth of the industry, the money invested in it, the attention it gets from the media and the potential opportunities for speculators.When you consider the numbers I mentioned above: both Bitcoin and all altcoins combined grew by almost $7 billion in 4.5 months and that in the middle of an altcoin bubble.Bitcoin is still growing at a very fast rate.bitcoin auditorsIt is still the most popular coin, it has the most money invested in it and it’s the most secure one.Don’t let people use this as an indicator to instill fear while it’s actually an indicator that shows that the industry is growing at a very fast rate.PS: If you enjoyed reading this feel free to donate something at 1FMy1kpeCY7BESwUaVcM5XAy1bmaWJaXKv.quickest bitcoin exchange