Will the rise of New Cryptocurrencies and Tokens overshadow Bitcoin?

[TechDirectory]

"A few cryptocurrencies are rising in value and some feature faster processing times and lower fees. These are attributes that are favorable for a retail payment system. These upstart coins include Ethereum, Litecoin, Dash and others, to name a few.

The total market capitalization of all cryptocurrencies is $184.5 billion as of November 1, and Bitcoin’s $109.4 billion market cap represents 59.7% of that. BTC’s dominance continues as the most popular and valuable coin. However, Bitcoin’s market share has somewhat eroded as more coins enter the marketplace and investors diversify their holdings.

Cryptos have different features which means coins differentiate themselves by being useful for specific applications. In other words, many coins aren’t trying to replicate Bitcoin; their designers are trying to create something original. For example, an ICO may create a new coin that appeals exclusively to the transportation industry or medical profession and so on. The appeal to different crowds will eventually mean more diversification of crypto investments instead of most capital being allocated in bitcoin." - Bitcoin.com

You might have benefited from 1 of the Crypto ICOs in 2017, do you see or think any of the Cryptos will overshadow Bitcoin?
 

[FloXire]

In my opinion, if the btc remain strong after the Segwit2X, there is no reason for that in the short and medium term, mainly because BTC is the only cryptocurrency that most people are aware of and every other cryptocurrency is indexed on it.

[crazylikeafox]

There is still a possibility but i think right now they can't overshadow bitcoin yet until they hit mass adoption. BTC is not yet widely used its hard to find local stores accepting it yet as a payment channel

[anotherbit]

Bitcoin is overdated technology, but Silicon Walley want to return x1000 profit from invested years ago money in Bitcoin infrastructure (mining, exchange, adoption)

[Kavallo]

My personal perception is that it is the rise of Bitcoin which is  overshadowing all new Cryptocurrencies... I hope Bitcoin will take a pause soon.

[acetouryahey]

Maybe as years passed but for me, as of now btc, day by day is going higher and higher never been expect like that. I dont what is the vaule of the btc end the end of the year.

[Pab]

No it is very good that we have blue cheaps crypto,it is natural hedge to bitcoin,you look for that like a one digital currency market,biggest btc problem are devs,collaboration is needed in btc space,how many forks we will have,finally some devs will develop btc crash

[Marry Finch]

Since bitcoin is created with open source and is available for creating on its basis other, including more sophisticated crypto currency, it is possible that someday such a coin will be created and take the place of the current leader of the crypto currency. However, while there are no real candidates for the throne of bitcoin, he is still firmly on his throne.

[Twinkledoe]

If in case such altcoin or token will overshadow bitcoin in terms of popularity and usage, it will take years to realize that. Though utilizing bitcoin has some challenges like the one mentioned which is higher fees if you want faster transaction, still, bitcoin tops the popularity in the crypto market. Maybe because of its long term presence already that people learn how to use it first hand. And considering the current price, no other altcoin/token/asset has attained that yet.

[disconnectme]

I still believe Bitcoin will lead the way for a long time, as we can see that it still hold more than 50% of the cryptocurrent market, Bitcoin still has a definite use but most of these Altcoins have no real life use, until they address this issue, I don't think so

[feelideb]

The market is huge and if there are millions of token and coin in the market it will still be absorbed. So long these asset present opportunity for growth on investment and a better services.

[Herbert2020]

"A few cryptocurrencies are rising in value and some feature faster processing times and lower fees. These are attributes that are favorable for a retail payment system. These upstart coins include Ethereum, Litecoin, Dash and others, to name a few.

i don't know to be surprised or not to see bitcoin.com post this!
we all know ETH and DASH have terrible scaling issues. and worst thing is that ETH is not even a currency which the developers even state this multiple times, yet they say "payment"!

The total market capitalization of all cryptocurrencies is $184.5 billion as of November 1, and Bitcoin’s $109.4 billion market cap represents 59.7% of that.

that is only because "creating" market cap is easy. you just have to release some shitcoin with a lot of supply. let say 100 billion and that will "Create" market cap out of nowhere but that is just fake number increasing this total market  cap in a fake way.

BTC’s dominance continues as the most popular and valuable coin. However, Bitcoin’s market share has somewhat eroded as more coins enter the marketplace and investors diversify their holdings.

bitcoin's dominance has always been the same. it has all the market share of businesses which have adopted cryptocurrencies as payment.
the trading volume has always been the highest and the most consistent which stays up always not just during the pumps like altcoins.

Cryptos have different features which means coins differentiate themselves by being useful for specific applications.

true, but they are all "features" and features without "applications" mean nothing.

[skullsandbones]

The way things are going now, i doubt that cryptocurrencies will "overshadow" Bitcoin, especially after segwit2x.
There will be really good ICO's coming soon though.

[asriloni]

In my opinion, if the btc remain strong after the Segwit2X, there is no reason for that in the short and medium term, mainly because BTC is the only cryptocurrency that most people are aware of and every other cryptocurrency is indexed on it.

But you must remember if the bitcoin will continue to generate the more shit coin and many people will threaten it as bullshit. What the heck the bitcoin has used by scammers to generate the more coin and they are all take the advantage from it.

[cryptoenterprise]

Its quite difficult to overshadow Bitcoin, with Segwit2x change. Altcoins will come and go, some will be legit and others will be scams but the term overshadow wont really work on Bitcoin, especially in Bitcoins current rise.

[hachiman13]

That is very likely if the developers and miners pursue more and more forks in the future. If that were to happen, they would've created many bitcoin clones that probably offers few to no innovation at all and might confuse new investors in crypto. That being said, the past forks only made btc price rise up further so for now, i think no one can beat bitcoin in terms of market cap yet.