bitcoin is the dominant cryptocurrency and will remain dominant because it has real usages!
apart from being an investment that you make money from you can use it in real world in real shops to purchase real goods just like a currency.
you can not say the same for the rest.
This is changing. Fast. Hence my precautions when I say that BTC will remain dominant.
Nobody can forecast anything in crypto -> Being certain about things is the best way to get burnt...Example (to bring something on the table): You can pay in DASH, LTC and ETH on Overstock.com. Not only BTC.
http://fortune.com/2017/08/08/overstock-digital-currency/?utm_source=Triggermail&utm_medium=email&utm_campaign=Post%20Blast%20%28bii-payments%29:%20Green%20Dot%20on%20track%20to%20grow%20—%20Overstock%20expands%20cryptocurrency%20acceptance%20—%C2%A0BofA%20launches%20unified%20platform%20with%20UnionPay&utm_term=BII%20List%20Payments%20ALL
it depends on what you mean.
big companies usually use "blockchain" as the technology for their own thing and create their own separate blockchain.
this lacks the decentralization factor and nobody cares about it.
but if it is big companies such as Amazon adopt "bitcoin" then it is very different.
Careful..."decentralized" does not necessarily mean "public"
Chains can remain private
and decentralized (among multiple private actors). Imagine Amazon's supply chain system where transactions are mined by every actor on the supply chain, not only amazon, anywhere in the world. It's a decentralized private chain, where you can only mine transactions is you have the credentials to do so. It would allow Amazon to keep its supply chain records PRIVATE, in order to have smart-asses tapping into the blockchain and being able to anticipate stock prices evolutions based on the pipeline of sales to come.
As per end consumer adoption, see above the overstock example.
You are right thinking that BTC may be the 1st currency to be accepted as a B2C solution, but again, nothing is 100% certain...
again you are forgetting that market cap for cryptocurrencies is completely meaningless!
being private or not private has nothing to do with it. the number of coins they release and the price they set for it changes the market cap.
look at ripple which is the most "private" of all and you will see.
Market caps are not as robust as on the stock market. This is due to high volatility, massive discrepancies in token distribution (megawhales vs. nanominnows), and because it's a very new economy. So, yes, they are to be taken carefully (as anything regarding cryptos)
Nevertheless, I think you should take the problem the other way round: It's not the TOKEN PRICE that decides the market cap.
The "business potential" of the use case of 1 coin drives its marketcap.The Token price is just a resulting factor of the token supply.
I'll take MCO (monaco), the payment card as an example (below, is small, not to pollute the discussion):-- WARNING It will look a lot like a McKinsey (or BCG) interview use case --
In a nuthsell, not factoring token burn and token reserve (should balance themselves), the business case for Monaco (or TKN, or PAY.. whatever card) is ROUGHLY that [b]they take 1%[/b] of the purchase made with your fancy crypto-debit-card.
You may now assume that marke size for these cards: only a couple million people in the world deal with cryptos. Hence, if one company takes a whooping 10% of the market, that's, let's say 200,000 cards.
Now, assume the spending people will spend $5,000 per year with this card (I doubt it, as people will mostly KEEP they growing-value-btc, but for tax evasion purpose it can be interesting).
-> That's $1B per year of turnover!!! hence $10MM or revenues for such companies (the 1%).
Now, guess what, in 5 years, the number of people using the card may be 10x... so you may assume $50M in average (area of the triangle...).
Do a price on earnings ratio of 5 (10 standard on stocks, but cryptos are more "aggressive"), and you are a $250MM market cap.
Optimists will see $400MM like Pay reached once, pessismists less.. but this is the area you play with.
Now, take the MCO token amount (Let's take 20MM, not 10MM as per today, bc more will be released to sustain growth and operaitons liquidity, up to 30MM in the whitepaper).
--> you have a MCO unit price of $12.5.
It's currently at $8.5 awaiting a VISA approval, and reached $24 at peak (I sold at $20).
Intersting discussion still. Happy to read your thoughts. Any point of view is valuable on these markets today. Knowledge is power.
Poll
