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Author Topic: Bitcoin regaining dominance.  (Read 2821 times)
pokeronlinestatus
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November 15, 2017, 10:08:17 AM
 #221

Bitcoins not regaining dominance because it is the dominant coin in the first place so nothing could replace bitcoin would be bitcoin itself it has shown how powerful bitcoin could be even all that stress from the disastrous events like banning and arresting bitcoin has shown  its capability to recover up faster than expected.
Yes, it become very dominant in some days and then again it falls a bit but not that as you think about it. This up and down in it's price is a part of it and it can't survive without it. Its price can't become stable but it will remain variable forever because it is a digital currency and its price depend upon its demand. Yes, its price can fall but a bit not very much and if it falls, then bitcoin is capable to recover it quickly.

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November 16, 2017, 07:46:33 AM
 #222

Update: bitcoin has been losing dominance, mainly vs bitcoin cash:


A bit over 5% and some people commenting recently seem to not have realized. There are some gains in dominance but from all the rest of small alts together, nothing very significant. What is significant is Bitcoin Cash spike as there are many debates on wether it will become the real Bitcoin or it is just another case of pump and dump.
Bitcoin Cash is just a shady fork by Bitmain that is trying to play central bank and protect its ASIC business. Complete waste of resources. Hopefully the new crypto investors will actually understand what Bitcoin is about and realize that Bitcoin Cash is the opposite of what Bitcoin should be and move away from it.
I feel shady is even an understatement. What most people are forgetting right now is that these dudes have a lot of resources to play with the market and I was surprised to see a lot of people thinking BCH is gaining dominance. They should just watch how the market ends up playing in few days from now.

I really pity those even trying to move in now, because they may end up being the ones to understand later on that the spike is totally different from BCH dominating the market.

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