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Author Topic: Bitcoin is declining as top crypto currency. Why?  (Read 4244 times)
angaper
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May 31, 2017, 12:22:26 AM
 #21

It is true that ethereum seems to be taking on more relevance every day in the altcoin market, but we must not forget that this is just the beginning and this market still manages a very small proportion of the global economy.

As this market matures over the years, there will be a larger market for many of the current altcoins, as well as all the new ones that will gradually emerge, but just as with fiat money, people acquire more dollars not because of their intrinsic value, but because of their symbolic value, and this same will occur with the bitcoin in the long run.

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May 31, 2017, 12:33:01 AM
 #22

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it.
In your dreams son, ethereum is just token with unlimited supply. People will soon find out and will abandon this project of crazy russian kiddo Smiley.
Bitcoin is store of vlaue, money, so much more than any other crypto. But its good that some think otherwise, more BTC for true believers.

And it is this mentality that is the problem. ETH use case is not defined bu VB, ETH can be use as store of value an away to co-ordinate real life actions, business etc. ETH does not (yet) face the intractable problems BTC has in dev.

This last fact is inmho, suicide in tech. Dev stalled.

I am sure there are some miners that are now thinking long and hard about position as well as some of the core. Mainly the ones that did not diversify out into eth.

It could be part of the scaling issues was in-part caused with someone with a large stake in eth....

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May 31, 2017, 12:51:48 AM
 #23

BTC is pseudo anonymous, there are other coins as solution for not be traceable.
Who said anything about tracing transactions and staying anonymous? I think you blew too much to day sweetie.  Wink

This is a cheesy matter, anyone could launch a new coin and have a %90 pre-mine and starts mining the %10 remaining.

Then all it takes for it to even surpass Bitcoin is to put a fake price at a major exchanging service and you got your

$200 billion dollar coin with that much of a market share, while other coins such as ETH and Ripple are being manipulated

By traders and there is no actual use for them not like Bitcoin, they are just pumping and dumping, can't you guys see?

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May 31, 2017, 12:58:15 AM
 #24

BTC is pseudo anonymous, there are other coins as solution for not be traceable.
Who said anything about tracing transactions and staying anonymous? I think you blew too much to day sweetie.  Wink

This is a cheesy matter, anyone could launch a new coin and have a %90 pre-mine and starts mining the %10 remaining.

Then all it takes for it to even surpass Bitcoin is to put a fake price at a major exchanging service and you got your

$200 billion dollar coin with that much of a market share, while other coins such as ETH and Ripple are being manipulated

By traders and there is no actual use for them not like Bitcoin, they are just pumping and dumping, can't you guys see?

no its not like that. It's more of a zietgiest change.

once you have more nodes, more volume, higher cap, more dev, tokens being issued, its passes a point where the disbelief that anything could take the place of BTC may set in.

Sort of like how a baby soon forgoes the need to crawl once it can walk and then run, hesitant, disbelieving itself at first, stumbling maybe, but then all so quickly.....

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May 31, 2017, 01:00:26 AM
 #25

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 old tech  with high fees and a long delays in the  transfer of money .People get sick of that after while

This part is true thought I wouldn't say this is the reason for Bitcoin losing it's dominance - as I also don't beleive Bitcoin is losing it's dominance as I would only think at this point that a certain number of Altcoins + Bitcoin are all being pumped in a way to make some good money for a select few individuals.

People may come out and say well look at ETH, or XMR, or XRP and so on and so forth but these have had no real usage in the least when it comes to BEING REAL CURRENCIES - Bitcoin is the only one that has broken this barrier. The other ones are simply being used by traders to make some money.

So, Bitcoin isn't losing it's top spot in the least.

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May 31, 2017, 01:02:26 AM
 #26

no its not like that. It's more of a zietgiest change.

once you have more nodes, more volume, higher cap, more dev, tokens being issued, its passes a point where the disbelief that anything could take the place of BTC may set in.

Sort of like how a baby soon forgoes the need to crawl once it can walk and then run, hesitant, disbelieving itself at first, stumbling maybe, but then all so quickly.....

i think that attitude has now passed. people are becoming ever more aware of how exposed it is. it was easy to still think that way at the start of the year. not any more.

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May 31, 2017, 01:15:24 AM
 #27

Bitcoin is not necessarily declining, but the overall market is catching up. New, innovative projects are coming into the space, and ultimately the whole industry has to balance out more. Crypto is not a monopoly.

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May 31, 2017, 01:17:01 AM
 #28

Who said anything about tracing transactions and staying anonymous?

Masternode make the difference for who need use of non traceable trasactions.
This is about "Why?" for the part of "crypto" in this currency.


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May 31, 2017, 01:22:49 AM
 #29

It's still at top position I think . It's just a matter of time , once the transaction delay problem is solved it will again become more popular .

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May 31, 2017, 01:29:05 AM
 #30

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

Bitcoin is the pioneer of internet decentralized coin payment and no doubt, blockchain technology behind it is now develop by various parties into a variety of function in various fields like banking, accounting, healthy, government, etc. But the biggest problem in bitcoin is time frame of confirmation transactions that can be delay in days because of 2mb blocksize can't provide thousands of transactions everyday. And of course the fees.

People is now looking for something like bitcoin that more fast, lower fees, simple and easy. And Ethereum with his smart contract is the answer.

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May 31, 2017, 01:46:39 AM
 #31

Why do you guys think Bitcoin is declining in popularity?
I believe it is mainly due to arrogance, pride, contentions, and inertness.

If it continues like that, destruction is just a matter of time. Competition exists.
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May 31, 2017, 01:47:43 AM
 #32

Bitcoin is the first cryptocurrency and it's name is known by quite a big chunk of the population. Ethereum is almost unknown outside of the crypto scene. Also, Ethereum has no limit supply, so it's supply will grow by 10 millions ETH every years, causing a devalue of the currency over time.

Bitcoin will stay on top for a long time IMO.
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May 31, 2017, 01:49:24 AM
 #33

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

Leakage due to slow transaction time, more contracts on Ethereum which each have intrinsic values and it's a tempting side currency.
That said bitcoin wont die anytime soon even with the issues, it's strong and stable and people know BTC first before any altcoins including ETH.

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May 31, 2017, 01:55:56 AM
 #34

Old friends are making contact asking about bitcoin. They have seen the price and read the news. Not one has asked about eth, or promising alts such as Dash.
When we get true mainstream adoption people will be picking up btc first and branching out to alts once they get their heads around btc.
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May 31, 2017, 01:56:53 AM
 #35

If this is the case, then it is time for the developers, along with the miners, to get their acts together and make bitcoin work the way it should. Ethereum has been really making big strides lately and looks serious on its intention to be among the top crypto currencies available.
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May 31, 2017, 02:00:58 AM
 #36

As the bitcoin value grows it prices out the "general public" in the past 14 days dew to the value hike in bitcoin I have seen a lot of people I know becoming very interested in bitcoin the only issue being the price now its far too high for the average joe to be buying the first coin.  With that in mind people are seeing ETH as the alternative to bitcoin thinking get in now before it becomes the next bitcoin in value, Hence the sudden uptake in ETH also..  

In regards to the fee structure in bitcoin it is becoming a issue also. No one want's to wait hours for a payment to confirm or have to spend X amount on higher fees which has caused issues for many websites accepting and making payment in BTC,

I hope the bitcoin price dose not continue to raise up much further or we do risk stopping wide scale adaption down to the fact a single coin is costing so much!

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May 31, 2017, 02:02:51 AM
 #37

Not one has asked about eth, or promising alts such as Dash.

LOL, this is about "Buy Low" rule and "run from Bubble" rule.

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May 31, 2017, 02:24:57 AM
 #38

It is true that ethereum seems to be taking on more relevance every day in the altcoin market, but we must not forget that this is just the beginning and this market still manages a very small proportion of the global economy.

As this market matures over the years, there will be a larger market for many of the current altcoins, as well as all the new ones that will gradually emerge, but just as with fiat money, people acquire more dollars not because of their intrinsic value, but because of their symbolic value, and this same will occur with the bitcoin in the long run.

Ethereum has great potential after seeing the development roadmap. EEA joining announcements are surely pumping up the prices. There has been a co-relation between BTC prices and ETH prices. It features unstoppable programs that are tamper-proof: "Smart Contracts".
But I continue to trust in Bitcoin I believe that Bitcoin can maintain its 1 in crypto currency world hope the fee will decrease.

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May 31, 2017, 02:37:40 AM
 #39

Bitcoin is the first cryptocurrency it can be rivaled with other altcoin underneath including the top altcoin now ETH in this time we can see many token based on ETH, maybe if bitcoin will give high fee each transaction many people will go use ETH or other altcoin.

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May 31, 2017, 02:49:04 AM
 #40

What will be done bitcoin to restore it to be no1, but problem there is a solution inside the problem itself
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