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Author Topic: Bitcoin is declining as top crypto currency. Why?  (Read 4241 times)
malikusama
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June 16, 2017, 10:07:23 AM

If you are talking about the popularity declining due to the decreasing price of bitcoin then you have a misconception. Bitcoin is still the most popular cryptocurrency of all, the ups and downs of BTC price is not a new thing here. I am sure that the price will soon going to increase rapidly as the demand will shoot up high.



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June 16, 2017, 10:12:41 AM

If you are talking about the popularity declining due to the decreasing price of bitcoin then you have a misconception. Bitcoin is still the most popular cryptocurrency of all, the ups and downs of BTC price is not a new thing here. I am sure that the price will soon going to increase rapidly as the demand will shoot up high.
no , with this kind news popping up / come up to the surface it could be strategy to spread the rumour and push the ethereum existence feel like more than bitcoin but actually it 's not. bitcoin still leading in the crypto-currency market both value and popularity . the confirmation and fee problem need to be solved soon otherwise something unexpected could happened to bitcoin itself.

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June 16, 2017, 04:13:44 PM

If you are talking about the popularity declining due to the decreasing price of bitcoin then you have a misconception. Bitcoin is still the most popular cryptocurrency of all, the ups and downs of BTC price is not a new thing here. I am sure that the price will soon going to increase rapidly as the demand will shoot up high.

That's exactly what I thought, its popularity cannot and should not be measured by the decline in value, in actual terms maybe the number of people that dumped are going to be led than those who will buy them again and so contrary to the earlier belief the popularity will be on the rise.



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June 16, 2017, 04:18:26 PM

If you are talking about the popularity declining due to the decreasing price of bitcoin then you have a misconception. Bitcoin is still the most popular cryptocurrency of all, the ups and downs of BTC price is not a new thing here. I am sure that the price will soon going to increase rapidly as the demand will shoot up high.

That's exactly what I thought, its popularity cannot and should not be measured by the decline in value, in actual terms maybe the number of people that dumped are going to be led than those who will buy them again and so contrary to the earlier belief the popularity will be on the rise.

I agree, or most probably those people who think the decreasing of value of bitcoin is declining are those who haven't seen the ups and downs of bitcoin a few years back. And yes if by popularity I think bitcoin is still most popular than those of other alternate coins now that have skyrocketed its value.

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June 21, 2017, 01:43:28 AM

If bitcoin fall,so is the other coin,dev is looking for some solution to problem that occur now
We will see some changes in august and later,so just wait and see what will happen
I don稚 think it is going to be that automatic, I think the other altcoins may go up simply because some people will like to get out of bitcoin without going to fiat and for that they will need altcoins,m so to me there is a chance ETH will go even higher before it begins to go down in price.

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June 21, 2017, 01:46:56 AM

Even if we say that eth is popular. It still needs the support of the root currency which btc. Umlike btc who doesn't actually needs eth to stay alive now that is the difference

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June 21, 2017, 02:04:38 AM

Really now? I am pretty sure bitcoin is most popular right now and it doesn稚 look like bitcoin is declining in popularity right now. What do you mean by ETH passing bitcoin?
 
I do think that ETH will grow but for ETH to grow so well, but for it to grow, so it beats bitcoin seems very unlikely especially with bitcoin being so popular. There are faults in bitcoin, no doubt, with the long confirmation times and transaction fees. Even though bitcoin is relatively old compared to new cryptocurrencies it has a lot of media attention, especially with recent news related to Japan. Bitcoin has most of our trust and it would take another cryptocurrency with even more trust and a better reputation to take over bitcoin, or who would ever buy or use that cryptocurrency? No one would trust it, since it would be too new



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June 21, 2017, 02:32:14 AM

Really? How did this happen can you give us your source of this?
Because as far as I know bitcoin is really on top all over the crypto currencies despite the fact of high fees and delay of transactions, since bitcoin is still counting for its investors, I mean it still gaining supporters and continue despite of it. The value of bitcoin is still increasing so I guess ETH is not surpassing BTC yet.
Bitcoin is always number one among the cryptocurrency. It will always be number one because many of us believing its ability to maintain high value. We all know that the value will increase in the next few years so that's why people invest their money there to make have a profit. Hope it will gonna be forever because I live with that.

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June 21, 2017, 03:40:49 AM

I think bitcoin declining its popularity now at this stage is common i think,bitcoins transactions are much slower than the old one and high fees so investors and users switched to other altcoins available in the market

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ufaiz50
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June 21, 2017, 04:22:30 AM

Even if we say that eth is popular. It still needs the support of the root currency which btc. Umlike btc who doesn't actually needs eth to stay alive now that is the difference
yep eth still needs btc if you want to convert it to fiat and other altcoins still need btc for trading than major altcoin like eth. indeed bitcoin has an expensive cost compared to altcoin event though the bitcoin is still number 1 in coinmarketcap.

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June 21, 2017, 04:46:13 AM

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?
I don't think that the popularity of the Bitcoin is going down because many people ( almost every) enter in the cryptocurrency because of the reason of the Bitcoin , because they only listen Bitcoin and they want earn Bitcoin , since transaction fee and price making the people hard to make buy ( costly due to fee ) small fraction of the Bitcoin . So I think every new users always face disappointment only of the reason of the high fee  .But still I don't think that in the world the discussion about the Bitcoin is going down .
And also you can see that most of the countries for the legalisation of virtual currency are making rules for the Bitcoin only because it is still the kind .
But here who are the old bitcoiners are making profit more in other altcoins than in Bitcoin , so the craz of the Bitcoin for the old bitcoiners is going small down .
But still at the end we can't do our trading ( whether altcoin or direct Bitcoin trading ) easily .


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krishnapramod
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June 21, 2017, 06:15:00 AM

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?



Segwit2x is a compromise, but with 80% of miners signaling Segwit2x, in the last 24 hours the price of ETH and all other major alts have dropped. With the scaling solution near at hand, what do you think would happen to ETH when Segwit gets activated? I guess some sensible users have already started moving their funds from alts to bitcoin.

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June 21, 2017, 08:27:33 AM

ETH goes high right now and I guess it's because of the fact that so many ICOs use it for funding these days. But I don't think bitcoin is declining, it's just turbulence.

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June 21, 2017, 09:47:33 AM

If you are talking about the popularity declining due to the decreasing price of bitcoin then you have a misconception. Bitcoin is still the most popular cryptocurrency of all, the ups and downs of BTC price is not a new thing here. I am sure that the price will soon going to increase rapidly as the demand will shoot up high.

No, he is talking about bitcoin declining as #1 in the cryptocurrency chart that includes all altcoins as well as bitcoin, so Ethereum, Litecoin, etc.

The reason is basically a lot of hype over altcoins, for example Ethereum and Antshares(dubbed the Chinese ethereum i think for some reason although the ICO actually didn't go all that successfully. Other coins like Lisk have tripled in price, digibyte has also absolutely exploded in price but now is adjusting and price is in freefall at the moment.

It's not bitcoin becoming less popular at all. It's still the first cryptocurrency, no matter what. And this will have a huge impact on people that are trying to get into crypto. They'll alway look at bitcoin before they look at anything else. When this altcoin hype and ICO hype in general dies off, bitcoin dominance will probably go back up to at least 60%.


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June 21, 2017, 09:52:52 AM

Because the user crypto a growing number and special options, for example the user crypto likes gambling he can select that feature complete for gambling, or users who like speed then can select the ethereum, it looks like this will continue.

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June 21, 2017, 09:58:56 AM

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?

It's not. You just think that it is. The fact that it has a few problems that have to be solved and are hopefully going to be solved soon.

If you want to compare cryptocurrencies as bitcoins and ether and say that btc is declining, let's compare their usage.
BTC is way way more popular in shops and stores. In how many shops can you use other cryptos ?

Altcoins do and will always exist side by side with bitcoins but it would never be replaced (my very own opinion)


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June 21, 2017, 10:00:20 AM

it doesn't look like that at all! I don't understand where all this FUD is coming from?
In regards to usage, the vast majority and still using bitcoins, some even exclusively, the price of bitcoin has had many jumps as big as or more than Ethereum, also the media coverage is more than 90% focused on bitcoin and ETH just shares the rest with Doge, LTC and the rest...
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June 21, 2017, 10:03:07 AM

Right now it's not happening Bitcoin price is kicking and price keeps increasing and while this things is happening ethereum is having a congestion in their network and I just saw on Yobit a big 9% drop of it's price,so it's still bitcoin for me .

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buwaytress
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June 21, 2017, 10:04:34 AM

No, he is talking about bitcoin declining as #1 in the cryptocurrency chart that includes all altcoins as well as bitcoin, so Ethereum, Litecoin, etc.

The reason is basically a lot of hype over altcoins, for example Ethereum and Antshares(dubbed the Chinese ethereum i think for some reason although the ICO actually didn't go all that successfully. Other coins like Lisk have tripled in price, digibyte has also absolutely exploded in price but now is adjusting and price is in freefall at the moment.

It's not bitcoin becoming less popular at all. It's still the first cryptocurrency, no matter what. And this will have a huge impact on people that are trying to get into crypto. They'll alway look at bitcoin before they look at anything else. When this altcoin hype and ICO hype in general dies off, bitcoin dominance will probably go back up to at least 60%.

Then he needs to phrase his question properly. As it stands, none of the crypto in the top 5 according to the "cryptocurrency chart" are in decline. Developments are underway for all, adoption is growing, trade volume and tx #s are up across the board. We're watching almost all proper cryptos do anything but decline.

DoublerHunter
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June 21, 2017, 10:35:19 AM

No, he is talking about bitcoin declining as #1 in the cryptocurrency chart that includes all altcoins as well as bitcoin, so Ethereum, Litecoin, etc.

The reason is basically a lot of hype over altcoins, for example Ethereum and Antshares(dubbed the Chinese ethereum i think for some reason although the ICO actually didn't go all that successfully. Other coins like Lisk have tripled in price, digibyte has also absolutely exploded in price but now is adjusting and price is in freefall at the moment.

It's not bitcoin becoming less popular at all. It's still the first cryptocurrency, no matter what. And this will have a huge impact on people that are trying to get into crypto. They'll alway look at bitcoin before they look at anything else. When this altcoin hype and ICO hype in general dies off, bitcoin dominance will probably go back up to at least 60%.

Then he needs to phrase his question properly. As it stands, none of the crypto in the top 5 according to the "cryptocurrency chart" are in decline. Developments are underway for all, adoption is growing, trade volume and tx #s are up across the board. We're watching almost all proper cryptos do anything but decline.
The point here i think by the OP is just about the ranking. Bitcoin is just declining in ranking because of the hypes of the recent coins like ethereum which it has a great rally on its price because of the ICOs and a lot more that helps the price rally to be stronger and make the price pump so fast.

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