tokenwiki (OP)
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January 24, 2018, 07:37:20 PM |
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If you look at Coinmarketcap figures, there is a steady secular drop in bitcoin market cap as opposed to alt coins. Ether which was the main contender seems to have plateaued. There is a steady rise in other altcoin dominance. https://coinmarketcap.com/charts/Now total market capitalization peaked at 800 billion sometime in Jan. This has dropped to approx 500 billion since. In December Bitcoin briefly reached 60 percent in market dominance. I think it was due to the influx of new players who joined due to the hype.After a quick drop we are seeing Bitcoin drop to around 34 percent of the market. Now the question is whether this will further drop. If it will drop who will be the new contenders. In all likelihood we will have a slew of new small currencies replacing the giant Bitcoin, each with a market cap of around 3- 4 percent. But that will mean that Ether and perhaps Ripple will be less important. I am not saying the price of either will go down, but that they will be less dominant in the whole market. |
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flashmark
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February 04, 2018, 04:52:15 PM |
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Yes. Now BTC dominance is around 30%. If you remember it was more than 50% last December. Traders selling BTC to but Altcoins beacuse it seems more profitable.
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Lerikaweb
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The Fourth Generation of Blockchain in DeFi
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February 04, 2018, 04:59:49 PM |
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There are thousands of different tokens, and 30% is a huuuuuge piece of crypto pie:) it is obvious that people diversity their portfolios, because bitcoin is good for long term deposit. And people tempt to earn here and now, so they go for short term trades.
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laurenB7742
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Vaccinized.. immunity level is full.
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February 04, 2018, 05:02:53 PM |
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I think it is good for crypto world that one cryptocurrency has dominant role, as a default cryptocurrency. And Bitcoin should keep that role. This doesn't mean that Bitcoin needs to have 50 or 60% dominance, anything above 20% is good.
We need one cryptocurrency as a reference for others. USD is not a good reference. Crypto world should be independent from fiat. For example when I want to know how much is DOGE worth right now, I check price in BTC, for example 57 satoshi. Or Ethereum, 0.11 BTC.
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godless_toast
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February 04, 2018, 05:04:37 PM |
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its only a matter of time as bitcoin dominance decreases, it's becoming outdated tech anyways and ethereum is the foundation for so many other altcoins. so yes altcoins are definitely the future of crypto though they might not be called "altcoins" for much longer, at least not ethereum.  |
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SKRAAA
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THE THING GO SKRAAA
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February 04, 2018, 05:06:00 PM |
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Bitcoin will gain dominance back. Maybe not 60% but 45 or 50%. Just wait that the price starts increasing again after the New Year/Korea/India FUD and altcoins will not be able to keep up with that growth because people will start selling altcoins to have more BTC.
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The ting goes skrrrahh, pap, pap, ka-ka-ka
Skidiki-pap-pap, and a pu-pu-pudrrrr-boom
Skya, du-du-ku-ku-dun-dun
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svobodnyi
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February 04, 2018, 05:06:32 PM |
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I think bitcoin will remain the main crypto currency. Recently conducted hardcoque bitcoin, which reduced the time of transactions and commissions on the network bitcoin, which is a big plus at the moment.
Other crypto currencies will also develop, but it is very unlikely that they will dominate the market.
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mmfiore
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February 04, 2018, 05:09:50 PM |
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Bitcoin is like what gold used to be. Like it or not we're stuck with it for a while. Altho, history proved us that thoses things are not for ever  . On the other hand (as said above), bitcoin will probably have a lower and lower % of the cyptoworld as more and more altcoins are created and used. |
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Zackgeno96
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February 04, 2018, 05:24:06 PM |
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If you look at Coinmarketcap figures, there is a steady secular drop in bitcoin market cap as opposed to alt coins.
People liquidated their holdings due to recent negative news around the bitcoins. At the moment, there is comparatively less demand for the bitcoins as people don't want to risk their money. Some of these people and new investors are shifted towards the alt-coins as they are providing good amount of profit than bitcoin. This could be one of the reason for steady drop in bitcoin's market cap. I believe this situation will be changed soon and bitcoin will top the market cap as previously. There are thousands of different tokens, and 30% is a huuuuuge piece of crypto pie:) it is obvious that people diversity their portfolios, because bitcoin is good for long term deposit. And people tempt to earn here and now, so they go for short term trades.
Yes, those who are looking for the quick profit and don't wish to hold the coins for longer time are investing into the alt-coins. Currently, there has been lot of movement in the alt-coins which generates the opportunities for traders to make the profit. |
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mpufatzis
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February 05, 2018, 08:24:45 AM |
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Cryptos were invented to substitute fiat money. This was their original purpose, not trading them in exchanges.
Today there are thousands of them in the exchanges but only a few of them can be used to buy a coffee or a sandwich.
In my opinion, when someday in the future the prices of the cryptos will be more stable, and high fees won't be an issue anymore the cryptos that will rule will be those that could be used in our daily shopping.
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whirlcoin
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February 05, 2018, 08:31:55 AM |
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Altcoins are also the part of the future of cryotocurrency but without bitcoin I think the cryotocurrency market will fall totally, because bitcoin was considered as the king of the cryotocurrency so the king need to be dominant always or else the kingdom will fail totally.But all the prices are falling down not only the bitcoin so the dominance will increase again when the price starts to recover.
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Trimegistus
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February 05, 2018, 09:14:07 AM |
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Altcoins are also the part of the future of cryotocurrency but without bitcoin I think the cryotocurrency market will fall totally, because bitcoin was considered as the king of the cryotocurrency so the king need to be dominant always or else the kingdom will fail totally.But all the prices are falling down not only the bitcoin so the dominance will increase again when the price starts to recover.
That will depend on how BTC will evolve in the future. If the devs don't react to correct all the problems like slow transactions, altcoins will have a real chance to thrive because many have better specs. On the other hand, if BTC evolves too much one might even argue that BTC itself will be an altcoin when compared to the original Nakamoto's code. So yes, altcoins are indeed the future! |
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wayaneka
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February 05, 2018, 09:58:39 AM |
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I think yes because many altcoin give many advantages more than Bitcoin and also many altcoin promising bigger return than Bitcoin. In the future altcoin like Ethereum can be bigger than Bitcoin. And this down trend now just temporary and will be back to normal again in a few month so just wait patient for that.
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Endikadija
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February 05, 2018, 10:30:08 AM |
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If you look at Coinmarketcap figures, there is a steady secular drop in bitcoin market cap as opposed to alt coins. Ether which was the main contender seems to have plateaued. There is a steady rise in other altcoin dominance. https://coinmarketcap.com/charts/Now total market capitalization peaked at 800 billion sometime in Jan. This has dropped to approx 500 billion since. In December Bitcoin briefly reached 60 percent in market dominance. I think it was due to the influx of new players who joined due to the hype.After a quick drop we are seeing Bitcoin drop to around 34 percent of the market. Now the question is whether this will further drop. If it will drop who will be the new contenders. In all likelihood we will have a slew of new small currencies replacing the giant Bitcoin, each with a market cap of around 3- 4 percent. But that will mean that Ether and perhaps Ripple will be less important. I am not saying the price of either will go down, but that they will be less dominant in the whole market. More and more people are interested to create their own platform with only a better on its scalability rather than ethereum and bitcoin. But i don't care about their scalability but i just try to see what was the development progress and future roadmap. Bitcoin domination has been eating by small cryptocurrency. This will still continue. As long as bitcoin can grow more and more and there would be no problem with it. |
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Brothersav
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February 05, 2018, 10:55:23 AM |
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If you look at Coinmarketcap figures, there is a steady secular drop in bitcoin market cap as opposed to alt coins. Ether which was the main contender seems to have plateaued. There is a steady rise in other altcoin dominance. https://coinmarketcap.com/charts/Now total market capitalization peaked at 800 billion sometime in Jan. This has dropped to approx 500 billion since. In December Bitcoin briefly reached 60 percent in market dominance. I think it was due to the influx of new players who joined due to the hype.After a quick drop we are seeing Bitcoin drop to around 34 percent of the market. Now the question is whether this will further drop. If it will drop who will be the new contenders. In all likelihood we will have a slew of new small currencies replacing the giant Bitcoin, each with a market cap of around 3- 4 percent. But that will mean that Ether and perhaps Ripple will be less important. I am not saying the price of either will go down, but that they will be less dominant in the whole market. Well if the coin actually has a use, then ofcourse. Unfortunately BTC is kind and is paired with everything. There will eventually be a new contender- just pick the right one! I'll hedge with quantum computing coins.  |
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imjustp
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February 05, 2018, 11:02:12 AM |
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Majoritively, yes, altcoins are the future. They are the coins which are making the new tech and utilising blockchain. BTC is simply the founding father, the one who made it all possible. That's not to say it wont be valuable.
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Thyaga
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February 05, 2018, 11:06:52 AM |
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If you look at Coinmarketcap figures, there is a steady secular drop in bitcoin market cap as opposed to alt coins. Ether which was the main contender seems to have plateaued. There is a steady rise in other altcoin dominance. https://coinmarketcap.com/charts/Now total market capitalization peaked at 800 billion sometime in Jan. This has dropped to approx 500 billion since. In December Bitcoin briefly reached 60 percent in market dominance. I think it was due to the influx of new players who joined due to the hype.After a quick drop we are seeing Bitcoin drop to around 34 percent of the market. Now the question is whether this will further drop. If it will drop who will be the new contenders. In all likelihood we will have a slew of new small currencies replacing the giant Bitcoin, each with a market cap of around 3- 4 percent. But that will mean that Ether and perhaps Ripple will be less important. I am not saying the price of either will go down, but that they will be less dominant in the whole market. I am curious if one day market cap from Bitcoin followed by Ethereum, what is the effect of it on the world of crypto currency sorry for oot. |
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Casmania
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February 05, 2018, 11:18:01 AM |
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If you look at Coinmarketcap figures, there is a steady secular drop in bitcoin market cap as opposed to alt coins. Ether which was the main contender seems to have plateaued. There is a steady rise in other altcoin dominance. https://coinmarketcap.com/charts/Now total market capitalization peaked at 800 billion sometime in Jan. This has dropped to approx 500 billion since. In December Bitcoin briefly reached 60 percent in market dominance. I think it was due to the influx of new players who joined due to the hype.After a quick drop we are seeing Bitcoin drop to around 34 percent of the market. Now the question is whether this will further drop. If it will drop who will be the new contenders. In all likelihood we will have a slew of new small currencies replacing the giant Bitcoin, each with a market cap of around 3- 4 percent. But that will mean that Ether and perhaps Ripple will be less important. I am not saying the price of either will go down, but that they will be less dominant in the whole market. Well if the coin actually has a use, then ofcourse. Unfortunately BTC is kind and is paired with everything. There will eventually be a new contender- just pick the right one! I'll hedge with quantum computing coins. I guess there could be a possibility that altcoin can be considered as the future currency in the future but most likely it will take a longer time to replace BTC for now. As we all know, BTC has been there for almost 9 years in achieving it's highest growth rate ever in the history of the cryptocurrency market and for that alone, altcoins would also have the same trend as BTC had undergone since it started. The probable altcoin that might replace BTC in the future is definitely Ethereum as this has a good potential and good performance in the market today. |
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talkbitcoin
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All I know is that I know nothing.
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February 05, 2018, 11:30:14 AM |
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yes eventually there will be some great innovation in cryptocurrencies which will make bitcoin obsolete but that will not happen for at least another 20 years.
all the current altcoins so far are copy past of 3 or 4 main projects and these projects are not so different or revolutionary innovative to be able to take the future of crytpcurrency from bitcoin which is the leading cryptocurrency with a huge distance from the rest of them.
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FrueGreads
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February 05, 2018, 12:20:14 PM |
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Right now I don't really think that will happen. Every time there is a big drop in the bitcoin price, there is also a big drop in the altcoins as well. Sometimes alts get hurt quite heavily, when you compared them to bitcoin. We saw bitcoin dominance go as low as 33% I think, and now during this big crash, we are seeing it recover (it's at 35% by the time I made this post). The only coin I see that could switch place with bitcoin is Ethererum, and if that happens it will probably occur once the market recovers, and not while it's on a down trend.
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