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Author Topic: Bitcoin is declining as top crypto currency. Why?  (Read 4486 times)
SingAlong
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June 04, 2017, 02:21:23 AM
 #61

And why do you think bitcoin is being surpassed be Eth, could you please elaborate in more detail?

the highest volume is on zero fee exchanges. that always sends volume through the roof.

eth has an identifiable leader who hustles hard. that makes people feel comfortable. it has marketing and corporate backing. it has lots of projects on the go. it has impressive long words.

if you were a total noob would you look at bitcoin with all its problems, divisions and stagnation or shiny ethereum?

ethereum's problems will eventually bite it hard. right now it's in the mood to shine.

Ethereum really is in the mood to shine and Bitcoin had been there in its early stages and now that it has encountered some series of issues that is mainly because of the congestion in the blockchain but it is early to say that Eth would surpass Bitcoin. Better wait with the SegWit and the adaptation of Australia around the corner will surely boost its popularity and again Bitcoin would shine and a lot brighter than it was.

Eth is on its early stages that's why it can't relate itself with problem that Bitcoin is facing which is because of the increase in demand but surely Bitcoin will resolve all of this and continue to improve itself because it has a lot of rooms to improve on!
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June 04, 2017, 03:28:33 PM
 #62

Yes I am also seeing ether growth from last 3 months what makes difference ether and bitcoin ether having owner anc bitcoin is open source . So owner promote his product verh well

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June 04, 2017, 04:34:57 PM
 #63

Bitcoin is not declining as the top crypto. The issue is that there is more ETH and when the prices goes up by a few percent it makes a larger jump than BTC does.

If XRP(Ripple) goes up by a lot right now it could easily be worth more. It is mainly due to speculation on most coins. XRP/ETH/BTC though are more real world use value. More countries getting into it and making it legal, more banks getting into it. ETC.

Also, it doesn't exactly matter if BTC goes down in price overall, it still functions. You should be using BTC for the function and now to gain money.



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June 04, 2017, 04:43:02 PM
 #64

Why do you even think ethereum is passing Bitcoin? Just because some alternatives are pumping and Bitcoin is having a hard time, doesn't mean that any alternative will surpass Bitcoin. The altcoins will dump and Bitcoin will get things settled. Bitcoin will always be #1 no matter how much do other coins pump.

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June 04, 2017, 05:00:35 PM
 #65

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?
Sure, price is 2500$, more and more users are using it, why do you think bitcoin is not so popular anymore? I think you are very wrong, it might have some troubles but things will settle, too much money has been invested in it.
I don't think bitcoin has to do anything, it's number one crypto.

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June 04, 2017, 05:05:29 PM
 #66

Its a completely natural series of events, with more and more altcoins coming to market bitcoins market share will decrease more and more. Plus with the high transaction fee's on bitcoin and occasionally slow transaction times newer, faster and more effective coins are beginning to take its place. However segwit could well change of this.

Ethereum should not be compared to Bitcoin, it offers its clients a completely different service of being able to create smart contracts in a decentralised manor.

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June 13, 2017, 08:35:51 PM
 #67

Well it looks like I was right and 95% of the commenters on this thread were wrong. The flippening is going to happen, possibly today.

Congratulations Bitcoiners. Now YOU are the altcoin.



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June 13, 2017, 09:38:48 PM
 #68

It is, wow, I would never have thought that. Maybe because of high fees? I'm not an expert on cryptos, but as far as I've heard ethereum is simply better than bitcoin when it comes to fees and blockchain size. Everyone outside the crypto world only sees bitcoin as a crypto coin, maybe ethereum will come through?

who cares
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June 13, 2017, 09:42:05 PM
 #69

Well it looks like I was right and 95% of the commenters on this thread were wrong. The flippening is going to happen, possibly today.

Congratulations Bitcoiners. Now YOU are the altcoin.
You are only going by the price of Bitcoin in some useless Government currency. Bitcoin was publically built before all the Altcoins out there so I am not sure why you think Bitcoin is an Altcoin just because it drops down a couple ranks.

When ETH dumps, people will learn to try to hold their Bitcoin more.

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June 13, 2017, 09:55:49 PM
 #70

IMO Bitcoin is loosing ground due to uncertainty and it is basic monetary policy.
I will continue to consider Bitcoin as a bad currency to hold value until the UASF clarifies what the future will look like, that makes it until mid August at least.
In fact in the models where I calculate profitability I am using a botom price of 1500€ at this moment because I do not see any reason why anyone with no hype would invest in an asset with unclear future from now until after mid August. I do not have to assume anything about UASF. I will make a decission when I can make a proper informed one.

Who would invest in a currency of a country at war?
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June 13, 2017, 10:00:44 PM
 #71

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.

agreed! Bitcoin have more investor than ethereum and bitcoin is still on the top. ethereum still have lots of work to do to surpass bitcoin.
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June 14, 2017, 02:08:25 AM
 #72

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?
If the etherum will reach the price of .2 btc each the market cap will surpass the bitcoin so by that I think the etherum will be the top currency because the etherum is have a better platform in bitcoin and the transfering of the etherum is fast and no fees unlike the bitcoin.


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June 14, 2017, 03:08:42 AM
 #73

There are several factors related to the popularity of Bitcoin:
1. Small volume of Bitcoin spread over the network
2. Situations where more Bitcoin traders than Bitcoin users
3. News spread globally
4. Investment Fraud (scam)
5. Bitcoin is 'hacked' and taken away by other parties

There are some advantages given bitcoin than any other cryptocurrency
Bitcoin is superior compared to other online currencies
Easy transfer
Minimum cost,
No controls,
Virtual currency using Cryptocurrency technology
Facilitate payment,
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June 14, 2017, 03:44:23 AM
 #74

no doubt Bitcoin has long been dominant in the cryptocurrency scene, it is certainly not alone.
Ethereum is another cryptocurrency related project that has attracted a lot of hype because of its additional features and applications.
But the popularity of ethereum will not last long, when viewed in terms of users,
Bitcoin will be superior at the usage level

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June 14, 2017, 03:49:32 AM
 #75

One thing I have noticed about the altcoins. Their exchange rates are directly linked to the exchange rate of Bitcoin. They depend upon Bitcoin for their very survival. Ether may be having a market cap of close to $40 billion, but it is incapable of existing independently.

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kidmodo
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June 14, 2017, 03:58:49 AM
 #76

In terms of price, bitcoin remains the number one coin, no more expensive coin of bitcoin, many people have tried to make more expensive coin from bitcoin and only last a few moments and then the price is below bitcoin, I think bitcoin will remain top Crypto currency
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June 14, 2017, 04:08:05 AM
 #77

but it is incapable of existing independently.

Does exist the way of fund transfering with use of electronic money without touching BTC?
In this way no one is in need to buy BTC.

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June 14, 2017, 04:40:53 PM
 #78



One thing I have noticed about the altcoins. Their exchange rates are directly linked to the exchange rate of Bitcoin. They depend upon Bitcoin for their very survival. Ether may be having a market cap of close to $40 billion, but it is incapable of existing independently.


Nonsense!

Bitcoin is #1 attempt to implement a decentralized payment system. It has enjoyed enough being the first attempt and a successful one at the same time (a very rare condition) but naturally its success is relative and it is not the end of a technology. Altcoins, understanding the situation, has come around prepared for the competition with features like scalability, anonymity, speed, smart contracts, ...

From a long term point of view, obviously, being #1 attempt is not a strong enough leverage to remain on top, improvements should be made but btc can not and will not handle improvements, it will fall sooner or later.

Bitcoin won't disappear, it won't even lose value, it will become somewhat obsolete by performing less transactions (actually it has already lost the transaction volume battle) becoming a simple digital asset, and nothing more.

A replacement for fiat currencies and daily payment practices. Ethereum? Zcash? ... they have chances, btc? Noway!


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June 14, 2017, 05:20:08 PM
 #79

If you are looking at the coin market cap, that is an illusion.  Site is being used to confuse people about market dominance.  I do not think Bitcoin is declining and infact they are being welcomed by some countries and some of them are Japan and Australia.

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June 15, 2017, 04:13:27 PM
 #80

I don't think so, bitcoin, regardless of all the issues and FUD, is very much the leading currency in the current crypto world and even the most promising growing coins don't worth a half of it, let alone at price but at publicity and public interest.

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