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Title: Any Substitute Cryptocurrency for BTC.... Post by: Zyborg on January 21, 2018, 07:12:43 PM As for now there is no any substitute for BTC.Etherum value is also increasing but its not considered to be substitute of BTC.As for my knowledge is concerned in coming future There may arise some substitute.But if we study the history of BTC & analyzed in light of that we will conclude that after undergoing many dips it recovered itself and pumped it.Fluctuates several times yet its the favorite of people.It gave the world a new concept of Cryptocurrency.For many years to come there seems to be no replacement of BTC.All the world has turned their eyes to BTC.Currently its value is under dip and many people think that it would not rise once again.I can say surely that it will pump up and will sustain courage of its investors..
Title: Re: Any Substitute Cryptocurrency for BTC.... Post by: jmiro1 on January 21, 2018, 07:19:00 PM Yes I agree. There are hundreds of Crypto currency in the world. But none of them is a sustitute for Bitcoins. Ethereum is growing, so as the crypto world. That's why I think it would not be able to take place of Bitcoins. At least not in near future. I don't know the percentage but I think there's a lot of people out there who doesn't even know the difference between crypto currency and bitcoins. For them, BTC is the crypto currency.
Title: Re: Any Substitute Cryptocurrency for BTC.... Post by: penig on January 21, 2018, 07:26:30 PM What do you want to substitute? Value? well Bitcoin is indeed the highest value, but what does that really mean in practice? Or do you mean function, in which case there are a half dozen substitutes, are accepted for trade or offer better functionality (ie contracts). Notice how the domination of BTC against total crypto market cap have gone down to ~34%.
Title: Re: Any Substitute Cryptocurrency for BTC.... Post by: johnlofar on January 21, 2018, 07:34:41 PM Thousands of other cryptocurrencies but they all have different uses.
Title: Re: Any Substitute Cryptocurrency for BTC.... Post by: avikz on January 21, 2018, 08:06:06 PM As for now there is no any substitute for BTC.Etherum value is also increasing but its not considered to be substitute of BTC.As for my knowledge is concerned in coming future There may arise some substitute.But if we study the history of BTC & analyzed in light of that we will conclude that after undergoing many dips it recovered itself and pumped it.Fluctuates several times yet its the favorite of people.It gave the world a new concept of Cryptocurrency.For many years to come there seems to be no replacement of BTC.All the world has turned their eyes to BTC.Currently its value is under dip and many people think that it would not rise once again.I can say surely that it will pump up and will sustain courage of its investors.. The substitute can be derived in many ways. In terms of usage or price, market cap or acceptability. I believe you are talking about the price here. Yes, in terms of price the substitute of bitcoin is still not found. The second largest cryptocurrency ETH is not even close to bitcoin's price right at this moment. However, that certainly doesn't mean that no substitute will be found in future. I strongly believe that bitcoin will be taken over by another coin within due course of time. That can be ETH or can be something else as well. |