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Author Topic: Will Bitcoin remain dominant  (Read 2264 times)
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February 15, 2018, 11:04:38 AM
 #1

Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.
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February 15, 2018, 11:14:17 AM
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 #2

if you mean real dominance when you say dominance then yes. there is nothing competing bitcoin so there is no reason for it not to stay dominant! the merchants all adopt bitcoin, everyone in the world knows bitcoin, anyone who wants to invest or make a transaction uses bitcoin. then after they did that some of them may take a look at altcoins to make some profit because they get pumped nicely.

but if by dominance you mean the fake dominance which is becoming popular  these days with market cap then no bitcoin will probably soon have less than 1% of the total market cap because the rate at which shitcoins are being created is unbelievable and each time some worthless shitcoin with 100,000,000,000 coins is created bitcoin's market cap ratio drops and everyone knows it is a piece of cake to create these shitcoins out of thin air.

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February 15, 2018, 11:22:13 AM
Merited by jatin729 (2)
 #3

bitcoin is the first to stand, and it is certain that this bitcoin will remain dominant and will remain the first time remembered by everyone on earth. although the rival will grow a lot, but still I'm sure this bitcoin will continue to grow in front of the day later. because it's just from bicoin that really will give us a lesson about the world of investment, and it's started all started from the basics, where we have to work to follow bounty programs to collect bitcoin and ethereum, and where it has been accumulated fairly then we follow the investment of this bitcoin. if all these bitcoin users do good and patient things, success will be earned, and this bitcoin will still grow big because the number of people in this world is successful with this bitcoin.

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February 15, 2018, 11:28:53 AM
 #4

Yes it will for sure, recent price changes show us that the prices of other coins are linked with bitcoin.
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February 15, 2018, 11:30:19 AM
 #5

Of course BTC will remain dominant. Even though the price of BTC is dropping but a few week or months it will recover. But although the price is dropping, the ethereum,2nd to bitcoin cannot reach the price of bitcoin even though bitcoin is dropping it takes a years to surpass bitcoin.
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February 15, 2018, 11:32:19 AM
 #6

I think that this is unavoidable.
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February 15, 2018, 11:32:48 AM
 #7

It will remain dominant.No cryptocurrency beat bitcoin.
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February 15, 2018, 11:33:02 AM
 #8

I know that most people just check coinmarketcap and that number which defines BTC Dominance,and it is much lower then before.But as Red-Apple say,new coins are created every day and they take some volume and marketcap,but 99% of them have no other application then to make some quick profit for team who are behind the project and those who invested in an early stage.

Only coin which is maybe a serious competitor to BTC is ETH,but with a three times smaller volume and some 75+ billion US dollars smaller marketcap(todays data) it is still far away to become king in the castle.

One thing which is most important is that BTC is only decentralized crypto currency,I think this is the greatest advantage that he have against all others coins.

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February 15, 2018, 11:39:14 AM
 #9

Yes I think, because I think if there will be fall of bitcoin all other currencies will follow.
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February 15, 2018, 11:45:12 AM
 #10

Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.

hmmmm you slipped my mind about this! The bitcoin dominance index has fallen below 50 percent for the first time since October last year as crypts in markets such as Ethereal, Litecoin and Ripple have performed very strongly over the past few weeks. although bitcoin always dominates because of its artistry in this crypto world we still have to be careful. because in the world of kripto anything can happen there is nothing impossible dam we also have to quickly Think on your feet if at any time repeated again. Wink
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February 15, 2018, 11:45:36 AM
 #11

Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.
right now bitcoin is still dominating the cryptocurrency market and perhap for a very long time from now. I believe everything will come to an end, so bitcoin is not an exception. One day in the future, surely bitcoin will be loose in the competitive market and will be replaced by another better coin, but that may be a very long time because bitcoin is still the most powerful currency on the market.

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February 15, 2018, 11:50:01 AM
 #12

Only coin which is maybe a serious competitor to BTC is ETH,but with a three times smaller volume and some 75+ billion US dollars smaller marketcap(todays data) it is still far away to become king in the castle.

some interesting math that I feel I should put here because it is very relevant to the topic and what you said Cheesy

Market cap = Price * Supply
BTC MC = $9664.16 *        16,866,237 = $162,998,012,966
ETH MC =   $919.21 *        97,628,909 =   $89,741,469,355
XRP MC =       $1.12 * 39,009,215,838 =   $43,527,653,309

and that's how people are determining bitcoin's "dominance" these days!!!

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February 15, 2018, 11:56:45 AM
 #13

Yes it'll remain dominant for at least a decade, Eth can give it good competition if bitcoin price goes down further. But in near future there is no chance for any other coin to dominate again bitcoin.

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February 15, 2018, 12:03:32 PM
 #14

I know that most people just check coinmarketcap and that number which defines BTC Dominance,and it is much lower then before.But as Red-Apple say,new coins are created every day and they take some volume and marketcap,but 99% of them have no other application then to make some quick profit for team who are behind the project and those who invested in an early stage.

Only coin which is maybe a serious competitor to BTC is ETH,but with a three times smaller volume and some 75+ billion US dollars smaller marketcap(todays data) it is still far away to become king in the castle.

One thing which is most important is that BTC is only decentralized crypto currency,I think this is the greatest advantage that he have against all others coins.
Even though, many might say that nothing is really certain in this world, specially when it comes to market dominance, but there are statistical records that may allow us to pronounce that bitcoin is really dominating the crypto market world. We can review given data, that gives given status of the competing coins in the market.
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February 15, 2018, 12:05:43 PM
 #15

Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.

The answer is definitely, bitcoin fans will always be and dominate, because bitcoin is the most trusted crypto currency of the global community, for the long term I think bitcoin will always be the top currency crypto

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February 15, 2018, 12:17:30 PM
 #16

Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.

It all depends on what type of dominance you are talking about. Bitcoin is suppose to be a global decentralized currency that should make global transactions a lot easier and cheap. It's supposed to be a good option for common daily purchases, and since it has a fixed limit cap, and is not tied to any governments it could also work as a store of value, just like gold. Basically is gold improved, holding all of its benefits, but going further because gold can't really work as a payment method and it's more dependent from the centralized financial system.

For this specific purpose, I do think bitcoin will remain dominant. Maybe not in the short term because right now there are coins that still have faster transaction speeds, and lower fees (even though the fees are much lower right now on the network). But on the long term, and if the lightning network succeeds, then I think BTC will be the most advance coin for these objectives.

If you consider just marketcap dominance, then I don't know. Maybe in the long term it will, because if it succeeds as a global currency, it will need a huge market cap, but in the short term, I do think that ethereum might switch places with BTC. Simply because ether will always have a much larger supply, and it's suppose to be work as a platform for tech companies, and now people are even talking that it could find it's place as a "bond" simulator. If it ever does this, and invades Wall Strees, then it's market cap will be even bigger than BTC.

Not saying this is a good or a bad thing. Both coins are great, and have different purposes, and I think both will be dominant in their goals. Don't really care about which coin will have the biggest marketcap.

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February 15, 2018, 12:17:53 PM
 #17

Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.
I can't say about short term, but if it's price starts increasing rapidly like last year, it should be pretty good to invest in for short term and it might the dominant among the other coins.
As we know bitcoin already is pretty good for a long term investment, as it's price is increasing and holding your bitcoins patiently would result in a lot of profit. So, you can say it is dominant and will remain dominant for long term.
Even if some other coin beats bitcoins, it would still stay among the top coins as it was the first and the original cryptocurrency.
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February 15, 2018, 12:26:21 PM
 #18

Do you think Bitcoin will remain the most dominant coin both short and long term?
Tested by time and trials I can say that it's a big YES.
Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.
When it became not the most dominant coin? I know that guys about what you are thinking that nothing lasts forever, technology is upgrading. But bitcoin is different, it's here to stay for a very long time and while it's here it will be a long time before it will become bitcoin 2.0 or an upgraded bitcoin will be launched as we've seen forks that most of it failed.

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February 15, 2018, 12:27:06 PM
 #19

Yes of course. All alt coins came from the same root which is bitcoin. Even those forked from bitcoin they cannot dominate it. Every time people heard of cryptocurrency bitcoin comes first to their minds and alts comes second. So whatever happens in long term, bitcoin will still remain the dominant coin.

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February 15, 2018, 12:29:47 PM
 #20

I think it will at least for the upcoming few years.

The issue is that almost all other cryptocurrencies are heavily dependant on BTC, and whatever happens to it, the rest will also experience.

I noticed during the market crash. The rest of the altcoins were behaving almost like BTC, going up and down in accordance with the BTC pump and dump.

Thus, I believe BTC will continue staying dominant unless another coin really proves being better than BTC, and beats BTC.
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