Bitcoin Forum
September 25, 2018, 02:11:29 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
Author Topic: What do you suppose will happen when BTC loses it's dominance?  (Read 491 times)
mc.craigsvictor
Jr. Member
*
Offline Offline

Activity: 210
Merit: 1

eLYQD ICO


View Profile
January 28, 2018, 06:35:19 PM
 #1

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?

eLYQD
Decentralized Vaping Ecosystem Marketplace Based on Blockchain
1537841489
Hero Member
*
Offline Offline

Posts: 1537841489

View Profile Personal Message (Offline)

Ignore
1537841489
Reply with quote  #2

1537841489
Report to moderator
1537841489
Hero Member
*
Offline Offline

Posts: 1537841489

View Profile Personal Message (Offline)

Ignore
1537841489
Reply with quote  #2

1537841489
Report to moderator
1537841489
Hero Member
*
Offline Offline

Posts: 1537841489

View Profile Personal Message (Offline)

Ignore
1537841489
Reply with quote  #2

1537841489
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537841489
Hero Member
*
Offline Offline

Posts: 1537841489

View Profile Personal Message (Offline)

Ignore
1537841489
Reply with quote  #2

1537841489
Report to moderator
1537841489
Hero Member
*
Offline Offline

Posts: 1537841489

View Profile Personal Message (Offline)

Ignore
1537841489
Reply with quote  #2

1537841489
Report to moderator
1537841489
Hero Member
*
Offline Offline

Posts: 1537841489

View Profile Personal Message (Offline)

Ignore
1537841489
Reply with quote  #2

1537841489
Report to moderator
Drunkenhorse
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile WWW
January 28, 2018, 06:38:13 PM
 #2

It will loose its dominance for sure, unless they make a great fork that will change bitcoin into something better. for now it is old and very expensive and yes very slow  Smiley I think another great alternative will come, like it always happens.
ETFbitcoin
Legendary
*
Offline Offline

Activity: 1442
Merit: 1106

Use SegWit and enjoy lower fees


View Profile
January 28, 2018, 06:52:27 PM
 #3

Market cap isn't accurate ways to measure BTC dominance, especially some altcoin only have high market cap due to hype, marketing or pump by developer/community. Also, BTC can't stay dominant since each cryptocurrency have different features or roles such as smart contract, DAG & zero-proof knowledge.
But, i'm sure Bitcoin technology will continue developed over time and still have potential for mass adoption.

Use SegWit and enjoy lower fees
meer45
Member
**
Offline Offline

Activity: 140
Merit: 15


View Profile
January 28, 2018, 07:44:44 PM
 #4

I'm thinking that bitcoin losing its dominance will not necessarily be a bad thing, because the blockchain definitely was not capable of handling all the traffic back when the interest in bitcoin was at an all time high. If the interest in bitcoin goes down, the dev team will hopefully have bigger opportunities to improve the infrastructure (implementing lightning network etc.), meaning bitcoin will assume the first place once again. So perhaps bitcoin has to go down even more before it can start going up once again.

solarion
Hero Member
*****
Offline Offline

Activity: 826
Merit: 513



View Profile
January 28, 2018, 07:49:38 PM
 #5

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?

14% of the bitcoin has been hacked recently in one the trading site. That made price dumped in the market in the meanwhile South Korean Goverment oriented banks invested on the crypto currency trading so completely it balanced the value in the marketplace.
Hopefully we finds the bitcoin value booms again in the market. Many of us know that 80 percent of the coins are holded by the initial time miners and still stays in the same place. None of the coin will not be able to overcross the bitcoin.

        ▄▄███████████▄▄
     ▄██▀▀           ▀▀██▄
   ▄█▀   ▄▄█████████▄▄   ▀█▄
  █▀  ▄███████▌ █▌ █████▄  ▀█
 █▀  ██  ██         ▀█████  ▀█
▐█  ██▀▀█████   ▄▄▄   █████  █▌
█▌ ▐██▄▄████▌  ████   █████▌ ▐█
█  ███  ████        ▄███████  █
█▌ ▐█▀▀████▌   ▄▄▄  ▀██████▌ ▐█
▐█  █▄▄████   ████   ▐█████  █▌
 █▄  ████           ▄█████  ▄█
  █▄  ▀████  ███  ██████▀  ▄█
   ▀█▄   ▀▀█████████▀▀   ▄█▀
     ▀██▄▄           ▄▄██▀
        ▀▀███████████▀▀
bitcore.
...The Future Is Now...
▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄

        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
                 ▄▄██
 ▄██████████████████████▄
█▀         ▄▄██▀▀   ██  ▀█
█▄     ▄▄██▀▀        ██  █
█▀█████████████████████████▄
█                          ▀█
█                           █
█              ▄████▄       █
█             ██▀  ▀██      █
█            ▐█▌    ▐████████
█             ██▄  ▄██      █
█              ▀████▀       █
█                           █
█▄                         ▄█
 ▀█████████████████████████▀
.
iOs
Android

        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███               ███
▐██   ▐█▄   ▄███▄   ██▌
██▌    ███▄██████▀  ▐██
██▌    ▐████████    ▐██
▐██     ▐██████     ██▌
 ███   ▀█████▀     ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███       ▄███    ███
▐██       █████     ██▌
██▌       ███       ▐██
██▌     ███████     ▐██
▐██       ███       ██▌
 ███      ███      ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███         ▄▄█▌  ███
▐██      ▄▄█████    ██▌
██▌   ▄████████     ▐██
██▌  ▐████████      ▐██
▐██    ▀▀████       ██▌
 ███     ▀██       ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀
Website
ANN
Block Explorer
Quantumplation
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


“Blockchain Just Entered The Real World”


View Profile
January 28, 2018, 07:56:15 PM
 #6

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?
It should be doing that. The price would look artificial if it wasn't, so just keep your coins somewhere safe.

      ███████████████████████
     ███▄ ▄▄▄▄   ▄▄▄█▀▀  █████
    ███  █▀  ▀█▀▀▀       ▐█ ███
   ███  ▄██▄▄█▀▄▄▄        █▌ ███
  ███ ▄█▀  █     ▀█▄▄     ▐█  ▐██
 ███▄█▀    █        ▀█▄▄  ▄▄▄ ██
████▀      █           ▀██▀   ▀█ ██
 ██▀█▄     █          ▄█▀▀█▄▄▄█▀██
  ██ ▀█▄   █      ▄▄█▀▀    ▐█  ██
   ██  ▀█▄█▀▀█▄▄█▀▀        █▌ ██
    ███  █▄  ▄█▀█▄▄▄      █▌███
     ███  ▀▀▀▀     ▀▀▀█▄▄▐████
      ███████████████████████

 ▄▄       ▄▄▄        ▄▄   ▄▄▄▄▄ 
  ▀█▄   ▄█▀ ▀█▄    ▄█▀ ▄█▀▀   ▀▀█▄
    ▀█▄█▀     ▀█▄▄█▀  ▐█         █▌
    ▄█▀█▄      ▄█▀    ▐█         █▌
  ▄█▀   ▀█▄  ▄█▀       █▄       ▄█
▄█▀       ▀██▀          ▀▀█▄▄▄█▀▀


Network
BLOCKCHAIN JUST ENTERED THE REAL WORLD
  Decentralized Crypto-Location Oracle Network
GET WHITELISTED FOR TOKEN SALE ( Limited )

WHITE PAPER  ││  ANN Thread  Telegram   Medium   Twitter   Reddit
PeRo
Hero Member
*****
Offline Offline

Activity: 658
Merit: 521


★777Coin.com★ Fun BTC Casino!


View Profile
January 28, 2018, 07:57:37 PM
 #7

You mean 'if bitcoin would lose it's dominance' , that sure wont happen. If it were to happen, it would probably still be the same as it was. Of course, more people would use that other currency that would be dominant so the user base would be smaller, and the price would probably go down a bit, but nothing much would change except that.

Palmaper
Jr. Member
*
Offline Offline

Activity: 42
Merit: 4


View Profile
January 28, 2018, 08:11:24 PM
 #8

In fact at this moment bitcoin has lost its dominance. Not in relation to a particular cryptocurrency, but in relation to the altcoins in general, because to be dominant, it should has at least 51% of the marketcap, and now it only has around 33%. And I do not think that this can be reversible at any given time, but it seems that its dominance will tend to be diluted more and more, and possibly this same year we will see it around 15%.

》 NAMI.TRADE   》  BLOCKCHAIN MEETS FOREX  《   NAMI.TRADE 《
▬▬▬▬▬▬▬▬▬▬▬▬▬▬   ICO IS LIVE!   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
ManaMan
Member
**
Offline Offline

Activity: 238
Merit: 32


View Profile
January 28, 2018, 08:20:40 PM
 #9

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?

This is because most of cryptos are looked as speculative assets and because price of bitcoin sounds enormous many people are jumping into alts for hope to get higher returns. Which is true some shitcoin can pump like 300% in a day while bitcoin pumpin is slow. Because of higher risk and higher possible returns people are buying alts which is why BTC is losing dominance as we see. But still people have BTC in their portfolios because you are sure it won't disappear over night like some alts may.
CNY dasd
Member
**
Offline Offline

Activity: 104
Merit: 19


View Profile
January 29, 2018, 03:51:24 AM
 #10

I think alternatives will surely appear, but for now, Bitcoin is still in the dominant position. Even if bitcoin loses its dominance, I think its price may fall, but its value is still there, and its technology is still useful to us. By that time bitcoin would be the real bitcoin, bitcoin now The price is the holder of the hype.
pooya87
Legendary
*
Offline Offline

Activity: 1400
Merit: 1166


Buy bitcoin they said... who listened?


View Profile
January 29, 2018, 04:21:51 AM
 #11

when merchants started accepting altcoins, bitcoin starts losing its dominance. when the number of merchants went past millions, or when BitPay reported that monthly payment processes they made was $110 million+ per month that is when bitcoin's dominance reaches 50%.

when shitcoins are created by the billions and each of them have million dollar market cap, the share of bitcoin from the total market cap drops to 30% then 10% then 1% and goes to 0 eventually when a million shitcoin with 10^10000 coins supply were created in a year or two and nobody cares about this "dominance".

senin
Full Member
***
Offline Offline

Activity: 448
Merit: 136


JOIN THE NEXT MEGATREND IN CRYPTO!


View Profile
January 29, 2018, 05:37:15 AM
Merited by Argoo (6)
 #12

If bitcoin loses its dominance, and not only in terms of capitalization, but also in price terms, then in general it will only benefit the entire crypto currency. Now the crypto currency market is very much skewed towards bitcoin. This prevents us from growing normally investment and developing to other altcoys, which can be functionally even better than bitcoin. However, most people hope that investing in bitcoin will bring more profit than in promising altcoyins and invest their money exactly in bitcoin. In connection with this, not the best digital coin develops, but the one that is reversed by the majority at this time as a source of obtaining a large passive profit. All the same, sooner or later it will equalize and investors will be worthy of coins, which are better in terms of their functional qualities.

[ DESICO ] A PLATFORM TO ISSUE AND TRADE SECURITY TOKENS
JOIN THE NEXT MEGATREND IN CRYPTO!
      [ JOIN OUR TELEGRAM COMMUNITY ]         WEBSITE FACEBOOK TWITTER
Vinz1992
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
January 29, 2018, 05:45:18 AM
 #13

Hmm... really interesting. Which cryptocurrency then do you think can overtake Bitcoin then?
Pumapipa
Full Member
***
Offline Offline

Activity: 336
Merit: 100


View Profile
January 29, 2018, 05:55:03 AM
 #14

Market cap isn't accurate ways to measure BTC dominance, especially some altcoin only have high market cap due to hype, marketing or pump by developer/community. Also, BTC can't stay dominant since each cryptocurrency have different features or roles such as smart contract, DAG & zero-proof knowledge.
But, i'm sure Bitcoin technology will continue developed over time and still have potential for mass adoption.
There is really a possiblity that Bitcoin will loose its dominance in the crypto-Arena. I see that most users observations are its expensive transaction fees.. some altcoins have been selected because of this.
in other words, even though bitcoin looses its value, I am pretty sure that many Altcoins will emerge dominant. LIke the ETH for example, it has been there for quite a long time and growth had been steady. IT always ranks as second best.
bitcoin better lower txn fees for more users to patronage btc.
Wind_FURY
Hero Member
*****
Offline Offline

Activity: 854
Merit: 669


Crypto-Games.net: Multiple coins, multiple games


View Profile
January 29, 2018, 06:04:40 AM
 #15

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?

Nothing. Does market dominance change the reality that Bitcoin is the most secure and the most used censorship resistant, decentralized, peer to peer cryptocurrency out there? No. "Market dominance" is a bad standard of measurement of what the best cryptocurrency is.

Market cap isn't accurate ways to measure BTC dominance, especially some altcoin only have high market cap due to hype, marketing or pump by developer/community. Also, BTC can't stay dominant since each cryptocurrency have different features or roles such as smart contract, DAG & zero-proof knowledge.
But, i'm sure Bitcoin technology will continue developed over time and still have potential for mass adoption.
There is really a possiblity that Bitcoin will loose its dominance in the crypto-Arena. I see that most users observations are its expensive transaction fees..

Not anymore. Someone pulled the plug. Haha.

https://bitcointalk.org/index.php?topic=2841612.0


▄▄▄████████▄▄▄
▄██████████████████▄
▄██████████████████████▄
██████████████████████████
████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
████████████████████████████
██████████████████████████
▀██████████████████████▀
▀██████████████████▀
▀▀▀████████▀▀▀
   ███████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
███████
BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉BCH  ◉STRAT  ◉ETH  ◉GAS  ◉LTC  ◉DASH  ◉PPC
     ▄▄██████████████▄▄
  ▄██████████████████████▄        █████
▄██████████████████████████▄      █████
████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
✔️DICE           
✔️BLACKJACK
✔️PLINKO
✔️VIDEO POKER
✔️ROULETTE     
✔️LOTTO
Alex_nutis
Member
**
Offline Offline

Activity: 140
Merit: 11

Thank you for +Merit


View Profile
January 29, 2018, 06:08:47 AM
 #16

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?
5 percent is impossible. While people need altcoins, bitcoin will exist. Just increases the number of altcoins through ICO and the dominance of altcoins is increasing.

magneto
Hero Member
*****
Offline Offline

Activity: 756
Merit: 568


View Profile
January 29, 2018, 06:10:15 AM
 #17

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?

That's because altcoins are currently in a bubble, like Ripple, Ethereum, etc. Plus bitcoin has recently just took a dive, so it's really no surprise that the bitcoin dominance is going down at the moment. Same thing happened last year, alts went up a lot, but at the end, bitcoin dominance reverted to around 50% which i think is still quite undervalued.

Bitcoin will continue to be the number 1 cryptocurrency as long as cryptocurrencies are still a thing. The dominance could go down but that just means that there are thousands of altcoins there that are all basically tools for speculation. Bitcoin is really the only useful currency out of the bunch.

When I see bitcoin dominance under 40%, I always buy bitcoin. It means that altcoins are overbought and overvalued, and bitcoin is the exact opposite. It shouldn't slip under 30% any time soon.

zolfa
Member
**
Offline Offline

Activity: 350
Merit: 11


View Profile
January 29, 2018, 06:17:47 AM
 #18

it is not possible, because the value and price of bitcoin depend on spreading and volume, because even though bitcoin percentage decreases, but bitcoin value in the market remains a lot. except everyone has left bitcoin, then it may drop to 5%. even going to die.

oddwh
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1001



View Profile
January 29, 2018, 07:56:02 AM
 #19

I'm quite sure this could happen this year. In my opinion, this doesn't will change our life, and I even think BTC, at the first time will only lose his dominance temporary. This could happen once ETH will switch to casper as example.

It will take time before we see BTC losing its dominance forever, but it's quite sure that will happen, when you see how alts are progressing.


            ▄▄▄▄▄▄▄▄▄
        ▄▄███▀▀▀▀▀▀▀███▄▄
     ▄██▀▀             ▀▀██▄
    ██▀                   ▀██
   █▌                       ▐█
  █▌                         ▐█
 ▐█            ▄▄▄            █▌
 ██         ▄██▀▀▀██▄         ██
 ▄         ▐█▌     ▐█▌         ▄
███        █▌       ▐█        ███
 ▀   █▄    ▐█▌     ▐█▌    ▄█   ▀
   █▄  █▄   ▀██▄▄▄██▀   ▄█  ▄█
    ▀█   █▄    ▀▀▀    ▄█   █▀
      █▄   █▄       ▄█   ▄█
       ██    █  ▄  █    ██
         █▄    ███    ▄█
          ██    ▀    ██
            █▄  █  ▄█
             ██ █ ██
                ▄
               ███
                ▀

         ▄▄▄▄▄▄▄▄
      ▄████████████▄
    ▄████████████████▄
   ████████████████████
  ██████████████████████
 ████████████████████████
▐████████████████████████▌
▐████████████████████████▌▀▀▀   ▀▀▀
▐████████████████████████▌
 ████████████████████████
  ██████████████████████
   ██▀████████████▀██
    ▀██▀▀██████▀▀██▀
      ▀████████████▀
         ▀▀▀▀▀▀▀▀

▄▄▄▄▄▄▄▄        
▄████████████▄     
▄████████████████▄   
████████████████████  
██████████████████████ 
 ████████████████████████
▐████████████████████████▌
▄▄▄   ▄▄▄▐████████████████████████▌
▐████████████████████████▌
████████████████████████
██████████████████████ 
████████████████████  
▀████████████████▀   
▀████████████▀     
▀▀▀▀▀▀▀▀        
onpages
Sr. Member
****
Offline Offline

Activity: 244
Merit: 250



View Profile
January 29, 2018, 09:28:49 AM
 #20

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?
hi friends, in my opinion this will only happen a few months ahead until the 3rd month. after that i btc piat will start to show the power of price stability. because of every year, Btc will always go down at the beginning of the year. it is because of the number of btc holders who sell it.
Pages: [1] 2 3 4 5 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!