Bitcoin Forum

Hey All,

Who believes bitcoin dominance will fall to 20% in 2018?

With the strong rise of Ripple Ethereum Cardano Iota RaiBlocks and more will it change the playing field?

and if you believe it which currency could take over the #1 from bitcoin?

I think bitcoin cash will replace bitcoin in 2018
because bitcoin cash is the same as bitcoin (BTC)
people already familiar with bitcoin, so I guess it's not hard for bitcoin cash to take over market dominance from bitcoin

Why Bitcoin Cash instead of one of the others Jaron80 mentioned?

You forgot HashGraph that is a type of super highway being developed for crypto-money

BTC is more of a steam engine with new petrol and electric engines coming out
but it was proving a service before the miners decide to put the fees up above
$45 per transaction.

Tulip mania will end quite fast and now is a good time to place a stop loss on BTC
just in case the obvious happens but flowers will still be grown and sold at market
and I would go for Ripple from a technical standpoint but I break out in spots when
ever i go near bankers, you know the same ones that now control the BTC miners today

See https://blockchain.info/pools if you want to get the picture

Bitcoin's dominance can definitely fall to 20% or less in 2018, though it's quite unlikely as bitcoin still takes all the media publicity.
This is a lot more likely to happen if the blockchain stays congested for longer. We desperately need lightning network ASAP. The core developers definitely need to work fast. We're still sitting on 156090 Unconfirmed Transactions[1], which is quite lower than it was a week ago, but is still significantly high.

[1] https://blockchain.info/unconfirmed-transactions

Edit: correction. Thanks to Samarkand for pointing it out.

No, no , no because I don't have any Bitcoin cash and i stand a slim chance of getting my
Bitcoin Gold because I was clueless and trusted Coinbase to hold my coins during the fork.

Well this time I got my coins out from Coinbase at a huge cost thanks to $45 transaction fees
from BTC mining monopoly so I am set up to receive my free batch of Segwit2x B2X coins in
a few weeks time.

Now please help me out here, dump your B2X as soon as you can because I want to buy at
a cheap price and get back to the days where I could afford to sent a $1 test amount to my
wallet instead of having to pay extortion fees to miners. 

How do you measure "dominance"? What does "fall to 20%" represent? Fall to 20% of what?



Ripple and Ethereum don't have the same use cases as Bitcoin.

Bitcoin started as a retail monetary currency, which is now being used more as an investment asset.

Ethereum isn't a monetary currency at all, it's a currency of processing power across the Ethereum blockchain.

And Ripple is a currency for banks to facilitate financial transactions...it's not in use as a retail currency.

You can't compare an apple to a donut to a car and expect your comparison to make sense!

Now, if you want to compare Bitcoin to competitors you need to talk about Bitcoin Cash or Litecoin.


How novel...sounds like every other cryptocurrency I've ever heard of.

The Lightning Network isn´t even developed by the Bitcoin Core developers. The people behind the Lightning Network
are a different team.

Be that as it may, I think the LN might not be the savior you think it is.
We have been told that the LN is right around the corner for years and yet we still
have no idea, whether it will actually work. I´m not talking about a few fancy youtube
demonstrations of the current capabilities, I´m talking about processing a transaction
volume that is comparable to VISA or Mastercard. This isn´t even taking into
account the possibility that the adoption of the Lightning Network will be slow
or might not even happen at all.

As we all know, many people are in Bitcoin for speculative purposes and having
a working Lightning Network won´t change the fact that they aren´t invested in Bitcoin
in order to make cheap payments.

hahah, so you don't include Bitcoin Cash just because you don't own any? That's not very objective! Unfortunately, your personal holdings will not determine the future success of any single coin.

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Yes, of course, but LN has been used to process Bitcoin transactions recently. Are you saying you don't think it will be implemented full time for Bitcoin?

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If the people on this thread are anti-Bitcoin, where are you moving your coins to?

BTC dominance has fallen to 37% from 70% since last 1 months itself. This is a sign that major altcoins are overshadowing the importance of bitcoin. But does this means end of bitcoin? I don't think so. Its low merely because the price of bitcoin is falling and investors feel it is better to invest in other options like IOTA and XRP which have much more potential grow than to invest in BTC.

Btc is the reserve currency for every other alts and ether has become the second one so in order for a coin to get the rank 1 it needs too much time and too much investment, it is not impossible but it is very hard

"Bitcoin vs the rest"

Nothing comes even close to BTC because of our savior Foreign Agent S-M from Japan
engineered a system where Billions of $$$ of hardware was sold to miners in the new CPU war that has been created
and 90KWN to process 250 bytes of data is keeping my friends in big oil nice and happy.

Transaction fees jump from $0.10 at the start of the year to $45.00 plus brings joy
to my eyes but we are doing gods work and jesus told you that gambling was a sin
2000 years ago so see it as part of your salvation.

I do not believe it. Most of altcoin buyers are investor, they are not really use those altcoin for transaction to buy goods or service. Most of us prefer like to use bitcoin although a few people are choose ETH for small transaction. People who use ETH will miss the  increasing price of BTC BITCOIN BTC

None of the altcoins will give the fight back with the bitcoin at anytime. Whatever coins they will consider as altcoin only and they will start with the initial value and then only grows in the price chart. Moreover they will not competite with the bitcoin market place supply and coin circulation.

I do not know the BCH value will be grows in the chart. They are just giving trouble to the mining side only not completely doing anything to bitcoin from the time it splitted.

Yeah XRP is probably entering on Binance (there is a vote on it https://www.binance.com/vote.html) so if it enters it probably will shoot up.

bitcoin dominance will not fall below 99% for many many years.
the market cap percentage out of total however will be at 20% and much lower pretty soon.

all of them shitcoins with a huge premine and lots of coins unaccounted for but technically in circulation inflating their market cap

none of the altcoins.
unless you mean in market cap then Ripple is already #1 since it has 100 billion coins

As time migration, then other altcoin may be closer to the currency, however, more and more countries in the world accept COINS, beyond the currency has become an impossibility.

i think some other crypto currency might not be able to change bitcoin cause bitcoin is now known due to the social media not like other cryptocurrencies

Hi,
I believe 2017 was BTC year, 2018 BTC will have a lot of challenges from altcoins and we can see this in price and dominance movement.

There is when we will draw the line for bitcoin. I don't think that those alts will defeat the number one cryptocurrency in this world. Well, there could be possibilities but teams behind the coins you mentioned, will crawl it's way up.

Bitcoin still the first name in crypto for average person.  I think it going to be fine.  Needs LN though asap.

Can't agree any more, Rank 1 always is hard to be replaced, in any industry. When people talk about CryptCurrency, most of them talk about Bitcoin, before they buy altcoins, they buy Bitcoin.

i think it will not easy for all the other altcoins to take bitcoin #1 position, because bitcoin price is too high, not easy for any coin to take its place in just a year, also the propotion of bitcoin on the market is too big that all altcoins combined can not easy to catchup to bitcoin.

Bitcoin Cash is at the moment poised to take over the number one spot from Bitcoin and the only reason for that is because of it's bigger block size which makes transactions cheaper and faster something which the developers are yet to do anything about and are still stalling in implementing the desired changes to the network.

Was it only a year ago btc was 80% of the market by capitalisation? and now it's sub 40%.

So 40% to 20% in another year is possible.

Why did we get here? Well Ripple + Ethereum + Bitcoin Cash + Cardano + Litecoin is now bigger than bitcoin.

How did this happen?

Bitcoin used to be able to command a premium over the rest because the market generally believed that bitcoin was actually used in day to day transaction whereas the rest were just look-a-like clones.

Over the last 3 months it's become blindly obvious that bitcoin has failed as a day to day currency for transactions under $1k. Even drug dealers are moving away as more agencies become adept at tracing transactions.

So the market have correctly assumed they might as well buy into other useless currencies. Pre-mined? no problem. ICO, take my money. Bubble? No, this is decentralisation sir!

We are starting to see the crash of btc, but we are also going to see the rest of the market fall big time. But btc will crash bigger because really, why would btc be worth anymore than the numerous recent/coming up forks. I mean at least some of them are able to shift between wallets in minutes rather than days!

But will btc remain no1? yeah probably, just because it has the history and half the coins have been lost so it automatically gets a bigger cap then it should have.

Oh, while I'm having a rant. Store of value. Get real people.

This is a very well written thread and I will like to keep this record.

No, I don't think Bitcoin will lose dominance and I don't think another currency will take the top 1 in Crypto-Currency world. All the success Bitcoin made in the world it's just because it has reputation and dominance, once Bitcoin loses it, many people will cash out their money and stay away from this Crypto-Currency thing, or at least they will decrease a lot the size of their investments as it would be being risker than ever.

Although we have volatility, we have stability knowing Bitcoin rules. And that makes everything here work very well.

The price of bitcoin is volatile and we might see a correction up to twenty percentage.Those who invested late after the boom might panic and sell of their coins if there is a massive correction which might end up in a good correction,these are all speculations but what i would like to see is a good rally in the altcoin market which we did not see much in 2017 as the entire rally was focus on bitcoin.

      No,because i think bitcoin is unique cryptocurrency with unique value. I dont think there is other currency that can replace bitcoin. Maybe other currency will grow and increase also their value but not totally what bitcoin reached. I think bitcoin will still the first famous and valuable digital cryptocurrency this 2018.

I don't think it'll go down that low. The btc dominance has gone down primarily because its price has entered a downtrend. Honestly, if it wasn't for the overvalued bankers coin (Ripple) the btc dominance would be above 45% Also, if you look at the charts you'll see that the top 10 cryptos on coinmarketcap have barely had any major movements on the total market capitalization over the last 3 months, and I don't see this trend moving too much in 2018.

Not really, altcoins will keep battling  between each other to be the #2 cryptocurrency on the market.

take over the #1 from what? market cap? Ripple can, but other than , there are no altcoins that could take over the #1 spot from Bitcoin.

Well let's see if Bitcoin cash will replace bitcoin by the year 2018, they are not the same as you think, BCH is just a fork from bitcoin taking the name of bitcoin accompanied by the word cash, still the majority of community will prefer bitcoin as their number one coin and still the dominator and king of the crypto market, bitcoin price is recovering the same thing with its dominance.

I am not a maximalist and firmly believe in spreading your money among many different assets.  Although almost all of my money is in crypto right now, I hope to change that i 2018.  And even with an asset class like crypto, you still have to diversify among Bitcoin and other projects that you feel are promising.

i think bitcoin is going to replace every money in the world 2018

I see bitcoin falling, not to 20% but to 30% for sure, the rise of bitcoin cash, ripple and ethereum seem inevitable, but as mentioned, bitcoin is still the flagship of marketing, and so I believe its high value it will last for a few more years.


I wanted it to be true, but due to its high fees, I don't see how that is possible   :-[

I do not know how domination, but the popularity of bitcoin falls before our eyes. If the hangups of bitcoin transactions continue and further increases, then the bitcoin will not remain a leader of the crypto currency for a long time. Who can take leadership, while it is difficult to say. This will depend on the specific circumstances. The most suitable candidates are ethereum and bitcoin in cash. By functions closer to the original bitkoinu still bitkoin cash. There are many specific functions for ethereum.

The dominance of bitcoin in the market is going to go down, I do not know if we are going to reach that low number but I think that is possible, however bitcoin dominance has nothing to do with bitcoin losing the top spot, as more projects appear and that offer something new it is natural that bitcoin is not as dominant as it was before, but make no mistake bitcoin will remain the number one coin for a long time.

I think bitcoin will dominate this year too because it is the debut time of bitcoin. It is now being acknowledge not like the other cryptocurrency that are just starting to be acknowledge. It is only my opinion, maybe other cryptocurrency will dominate too because of having low value now.

Exactly, most of the countries nowadays accepts bitcoin but not all really adapts it, some accepts it not as a currency but as an investment that can change the life of every individual, so for me it is better that not allowing it to enter in our country right? So, while we still have time go and invest as early as we can.