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Author Topic: What do you suppose will happen when BTC loses it's dominance?  (Read 491 times)
Firefox07
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July 22, 2018, 03:19:59 PM
 #101

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?
I think if bitcoin will lose its dominance. Many people here will have doubts in bitcoin. And they will start not to trust bitcoin. And they  stay away from bitcoin.

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July 28, 2018, 08:04:31 AM
 #102

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?
I think if bitcoin will lose its dominance. Many people here will have doubts in bitcoin. And they will start not to trust bitcoin. And they  stay away from bitcoin.
Bitcoin is already dead.  Find more advanced projects like Ethereum or Bitcoin Cash. 

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Samuel188
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July 28, 2018, 08:07:45 AM
 #103

 As far as I understand, bitcoin's dominance will not last forever. Instead of that, altcoin will be the best coin ever
ppifvtpu
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July 28, 2018, 08:11:10 AM
 #104

Bitcoin has been gaining market share in the last month. In the future, it is certain that the advantage of bitcoin will drop, and of course the community will be stronger.
Romanlevi1980
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July 28, 2018, 08:14:47 AM
 #105

I strongly believe that btc will never loses it's dominance.  Because it is developing everyday in order to protect position.
JeramiParan
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July 28, 2018, 08:15:50 AM
 #106

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?
I think lossing bitcoin is not a big issue now, ethereum is their to replace the dominancy, I say this because their are so many coins coming out their with good potential and has bright future, let's face the fact and face the future of cryptocurrencies.
Quinaquen
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July 28, 2018, 08:17:10 AM
 #107

Bitcoin is going to lose its dominance already, sad but true, we have to see all the negative and positive thing to know.Don't be so blind.
doraegun
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July 28, 2018, 08:44:00 AM
 #108

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?



Of course when bitcoin loses the big percent cut from the price last December 2017 it is very disappointed to all user and investor, but this is not true in fact now is gradually the price going higher from 6,000 USD last week now the price updated is 8,202USD so there's no possibility to BTC back to the price last 2009.

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Eikocarol
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July 28, 2018, 09:53:19 AM
 #109

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?



Of course when bitcoin loses the big percent cut from the price last December 2017 it is very disappointed to all user and investor, but this is not true in fact now is gradually the price going higher from 6,000 USD last week now the price updated is 8,202USD so there's no possibility to BTC back to the price last 2009.
Personally, I see the current increase of Bitcoin not from the cash flow of new investors, all are whale collectors BTC only.

Imagine the scene whale discharge BTC again shudder.
Naughty Princess
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July 28, 2018, 06:34:55 PM
 #110

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?
I think if bitcoin will lose its dominance. Many people here will have doubts in bitcoin. And they will start not to trust bitcoin. And they  stay away from bitcoin.
I think it would not going to happen because bitcoin is one of the trusted coin in crypto. But if that such things happen and loses it's dominance, maybe no more can trust any of the coin because their foundation cannot be trusted by any one and no mater how they develop the new coin that has same function of bitcoin, many do not going to believe in it. Everything will be doubt by people.

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July 28, 2018, 09:25:09 PM
 #111

I think according to my estimation which I would do if bitcoin loses its dominance is i will go on and looking for something else that can gave me an advantage and could meet my needs but instead of going to forget the bitcoin
Namara
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August 04, 2018, 08:02:28 PM
 #112

I dont think to be honest that Bitcoin will ever loose its dominance. Just look on the sittuation in the world. Every country, that will be concerned about cryptocurrency is talking about Bitcoin and not about other cryptos.
Gurueconom
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August 04, 2018, 08:39:49 PM
 #113

Bitcoin is the main crypto currency, which will always dominate the crypto currency market and therefore the dominance of bitcoin will never fall below 25-30%. So do not worry about it.
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August 04, 2018, 08:51:54 PM
 #114

Well bitcoin has a very high and stable market cap and at that it will be very difficult for it to fall down to zero and at the same time it almost impossible for such low demands that will ever result to that, but if that eventually happens I believe bitcoin has the capacity to recover again and take it place.

exchangestolemycoins
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August 04, 2018, 08:52:04 PM
 #115

Its value will most likely take a hit since loss of dominance implies that other, more scalable technologies have been adopted and are in use. However, I can see it retaining some value due to the sheer number of BTC only mining devices in operation (which may get sold as space heaters). Collector's coins are still valuable.

The biggest losses will shake out all the imitators - an "altcoin purge" - since a scalable replacement for BTC will lessen the demand for other blockchains.
hibiscus
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August 04, 2018, 09:04:06 PM
 #116

Bitcoin is lo lose its dominance means some other currency is over taking bitcoin in its market capacity.If it is so happens either the currency ethereum or the bitcoin cash will be supper seeding bitcoin in its market capacity or  a still better coin will be introducing to the market. According to my concept it is only an imaginary concept and normally no other coin will be supper seeding bitcoin in the market.Bitcoins market dominance indicates through its huge market capital and  the volume of its daily tradings in the market etc.
Yarsk
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August 04, 2018, 09:08:39 PM
 #117

I don't agrees to that assumption of bitcoin losing it value and dominance because bitcoin in the time past has sustained it relevance and capability of it being the world number one cryptocurrency and at that bitcoin can never lose that position.
Sagima
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August 23, 2018, 02:26:42 PM
 #118

I don't think this will happen but if something likes this happens, then another currency will take its place. But its like supposing what will happen if cows start flying. Don't worry about it happening. What are your thoughts on this supposition?
miyat24
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August 23, 2018, 02:42:07 PM
 #119

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?

People are withdrawing from the market to get rid with a huge loss. This is obviously a better and wise move for an investor, however, this may indicate another individual put distrust on investing. And what happened? Consequently, the market would start to bleed, investors pack-up and bitcoin will definitely be gone. However, it is really a remote situation since veteran investors and hodlers were also spotting the market in its bearish season and they said that any activity in the market is worth waiting and really important.
susila_bai
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August 23, 2018, 02:48:54 PM
 #120

Bitcoin dominance cannot lose it as you can see when it started their were very less users till so many years but from 2016 bitcion got more awareness. Bitcoin is the main source of valuing coin for all other altcoin projects. BTC is not depended on any projects as it is used as currency and investment for other projects. So i think in coming time it will get more dominance as other coins are loosing their value even after they got good projects. As most of the crypto currency users are only using bitcoins as investment option.
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