Do you see alts have chances against Bitcoins?

[currentvalue]

Bitcoin dominance was around 90% for a long while, now it has dropped to 67.5%. A lot of money has been put into alt coins. Also the number of coins with more than 10 million USD value has risen.

This means we're getting less dependable on BTC and in the future more coins will have a billion marketcap. The total marketcap of 28 billion total in crypto is peanuts on a global economy's scale.

[FasTroy]

Bitcoin will always be the top cryptocurrency, alternatives are just copies of it or scamcoins. No altcoin will ever get past Bitcoin, even if it has some problems right now, but the problems will be fixed soon enough. No large company that accepts Bitcoin will ever accept some altcoin.

Yes, I agree with you. It's too hard for an altcoin to have chance against bitcoins. In some months ago, I saw  ETH price increase, when i decided to buy some of it, but something in mind tell me "no". and i bought btc. I was right in this decision.
So, i don't think that an altcoin will be the same or more power than bitcoin in the future.

[Hazir]

Bitcoin dominance was around 90% for a long while, now it has dropped to 67.5%. A lot of money has been put into alt coins. Also the number of coins with more than 10 million USD value has risen.

This means we're getting less dependable on BTC and in the future more coins will have a billion marketcap. The total marketcap of 28 billion total in crypto is peanuts on a global economy's scale.

It is foolish to  think that altcoin market won't grow naturally. It will over time, with or without bitcoin.
The coins with 10 million marketcapt are still insignificant, extremely prone to simple manipulation, one big whale can own it all.
Additionally, altcoins (with small exceptions) have no use other that being used as speculative tokens.

[richardsNY]

Bitcoin dominance was around 90% for a long while, now it has dropped to 67.5%. A lot of money has been put into alt coins. Also the number of coins with more than 10 million USD value has risen.

This means we're getting less dependable on BTC and in the future more coins will have a billion marketcap. The total marketcap of 28 billion total in crypto is peanuts on a global economy's scale.

It has all to do with how things are going with uncertainties around the potential chain split -- people use altcoins to hedge Bitcoin. I am sure that if there was no threat and Bitcoin has reached consensus, altcoins wouldn't be pumped up so badly. That's why I consider altcoins to sit in a massive bubble. Bubble will continue to grow as long as there is no scaling solution. From there I wouldn't be surprised to see Bitcoin's dominance in percentages go down further.

[terrate]

no chance. because bitcoin is like run gold.
do u see silver can surpass bitcoin, no.

But if big transfer, doge will be less risk.
altcoin only play as a sub.

[LittleBitFunny]

Bitcoin dominance was around 90% for a long while, now it has dropped to 67.5%. A lot of money has been put into alt coins. Also the number of coins with more than 10 million USD value has risen.

This means we're getting less dependable on BTC and in the future more coins will have a billion marketcap. The total marketcap of 28 billion total in crypto is peanuts on a global economy's scale.

Actually, at one point months before this alt hype began it had a sharp drop to around 75%.  The recent drop has not been as giant as people think.

If Bitcoin's market cap as a total of all cryptocurrencies drops to below 50% it won't mean that Bitcoin has been overtaken by another cryptocurrency or that it ever will.  It can live peacefully alongside other cryptocurrencies with different use cases and it can also still be higher than all other cryptocurrencies individually because none of the other ones would take the entire non-Bitcoin market share.

Not to mention that market cap is quite misleading and doesn't represent the actual investment in the currency or the trading volume (or other factors, like premine, that could affect its future price).

[andron8383]

Sure mate if BTC will be stagnated forever it will be replaced like ANY software (MSDOS, Paint, notepad)

Software have to evolve and adapt if BTC will fail at scaling it for sure lose most of its value over time.
You see that now how people are dumping BTC to buy alts becouse BTC cannot be changed.
This couse BTC miners loos ETH today paying miners same cash and BTC their.
AND BTC is 5x higer in market cap.
WHe BTC miners will start getting 1/3 of ETH or LTC miners they will adopt some changes.
BTC doesn have to go up is anouth that only alts will keep rissing same time BTC will be holded in time.

BTC miners doesn't like LN but don't worry ETH will have own sooner than BTC/LTC duo and BTC miner won't hav to ever cry that there is 2nd layers solution and stole their fee.
BTC miners can not stop technology maybe it won't happen on BTC but others will adopt good stuff.

no chance. because bitcoin is like run gold.
do u see silver can surpass bitcoin, no.

But if big transfer, doge will be less risk.
altcoin only play as a sub.

Ignorance i 1st step to fail race man.
https://coinmarketcap.com/charts/#btc-percentage

look like BTC is fadding over time to alts and NEVER recover its top % position.

[aardvark15]

I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?

The only way an altcoin can pass Bitcoin right now is if there is a hard fork. Otherwise Bitcoin is so much more well known than any altcoins and since there are so many of them it would be hard for one to rise above the others.

[onemanatatime]

I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?

I don't suppose you mean by rising in "price" only - because that has already proven itself to be true - all the coin markets fluctuate and at certain times, some markets will outperform bitcoin.

However in the long run, I still do not see any existing altcoin "taking over" Bitcoin in a sense of being the #1 cryptocurrency in the world in terms of security, usage, and network value (not just market capitalization). Sure we'll run into problems like today's scaling debate and BU vs CORE drama going on; but the Bitcoin network has been time- and battle-tested, and will survive many more attacks to come.

My opinion is that Bitcoin is here to stay. Altcoins with great tech, leaders, and community will rise up, not to compete with BTC, but to exist alongside BTC in a bid to pursue their own unique vision by their own principles.

[jonald_fyookball]

It's pretty ironic.

Bitcoin was in a position of "you got this, just don't fuck it up and you'll stay the king".

And guess what, we are fucking it up royally by turning a system of 'cheap fast transactions'
into 'slow and expensive'.

I think you know who's fault this is.

Hint: It's not Roger Ver, Jihan Wu, Mike Hearn, Gavin, miners, or Bitcoin unlimited.

[Barbut]

Very nice question you have here. I believe people will be divided on this one, many see bitcoin as a stronghold that no one can conquer. Some things last forever some don't, that is reality, and about bitcoin I think that bitcoin doesn't have decent opponent in any altcoin. That is my opinion in this moment and that can be changed if situation requires.
There is alts that worth attention, and most of us agree that its hard to predict the future, so things can change very fast. For now alts are far away behind bitcoin, buy will it stay like that in next 10 years when people starting to be aware of crypto currencies. Bitcoin opened some new era, that is a fact, but do kings stay kings forever?

[xuan87]

I would say yes, bitcoin also start from zero with no popularity and able to survive until now because there are user that used it for transaction, when the user feel bitcoin is not useful anymore they will dump bitcoin and look for another coin, we can see few weeks ago when bitcoin price fall down, a lot of alt coin price go up, this indicate that there are a lot user buying alt coin for investment, so there is a possibility for alt coin replacing bitcoin, but it is not that easy

[European Central Bank]

It's pretty ironic.

Bitcoin was in a position of "you got this, just don't fuck it up and you'll stay the king".

And guess what, we are fucking it up royally by turning a system of 'cheap fast transactions'
into 'slow and expensive'.

i think as time has gone on it's become clearer that we can't have it all. it's already crazily centralised and when you hear roger ver saying he's willing to risk turning it into paypal 2.0 then that's not good enough.

there's a bunch of people to blame for the current situation but the alternative solutions so far don't cut it.

[U2]

Truly anonymous cryptocurrencies and currencies that aren't just clones of bitcoins have a huge chance to be something big in the near future. If you're looking to get rich quick you'll need to invest a decent amount, cross your fingers and hope that certain altcoin goes to the moon.

[deppil]

no chance. because bitcoin is like run gold.
do u see silver can surpass bitcoin, no.

But if big transfer, doge will be less risk.
altcoin only play as a sub.

I also agree with you, bitcoin is too strong compared to altcoin so would not be possible for altcoin to replace the position of bitcoin? besides the already comfortable

[jonald_fyookball]

roger ver saying he's willing to risk turning it into paypal 2.0 then that's not good enough.
 

he never said that.  stop lying.

[European Central Bank]

he never said that.  stop lying.

uh huh

https://www.reddit.com/r/btc/comments/4it2cu/roger_ver_paypal_20_is_an_acceptable_risk_for/?sort=new

https://soundcloud.com/heryptohow/roger-ver-cody-wilson-chris-odom-brian-deery-and-chris-david

https://soundcloud.com/roger-ver

but don't let his own words stop your denial. i don't think anything will any more.

[hermanhs09]

I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?

They do have a chance.

If bitcoin can't survive the hard fork that is coming up supposedly then obviously a lot of investors will jump onto altcoins as soon as bitcoin breaks apart. For example, Ethereum has had a lot of boost in its marketcap because of bitcoin's infighting these days, and the bitcoin dominance percentage has dropped to 60-70% instead of 90% usually.

But i think it's unlikely. Bitcoin should remain the top coin for a long while at least.

[iram3130]

Truly anonymous cryptocurrencies and currencies that aren't just clones of bitcoins have a huge chance to be something big in the near future. If you're looking to get rich quick you'll need to invest a decent amount, cross your fingers and hope that certain altcoin goes to the moon.

No one can predict which one. And it's not about the investments or returns. It's about the usage of the money like we were using Bitcoin. We had started using Bitcoin for every regular buying n other stuff but now we can't, even if businesses start using altcoins, people changing their stance from Bitcoin to altcoin is very much impossible.
We need to find a solution for the present situation, rather thinking about altcoins.

[robelneo]

I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?

There's a possibility unless bitcoin developers get their act together and solve this issues,but in the case of bitcoin harming it's dignity I don't think so because the price is still growing steadily that means the trust is still intact,altcoins are good alternative and many merchants are now using it .