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Author Topic: What would happen if another cryptocurrency took Bitcoins place in Market Cap?  (Read 2266 times)
doraemon26
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July 06, 2018, 01:17:22 PM
 #181

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Then if does happen so the value of coin will stay depend the value of bitcoin except on the number 1 who take place but it is very impossible that any coin would replace the bitcoin being on the top.
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July 06, 2018, 01:22:20 PM
 #182

It can not be in nearest future, because Bitcoin is too popular and users do not replace it. Plus many people also have BTC miners, which costs a lot, so Bitcoin is Nr.1 in current crypto market without any doubts.  Wink
I have to agree on this because bitcoin is great coin, but we cannot be so sure about the future because some altcoins are making ways to improve their technology so investors will come to them and that can be a reason for them to beat bitcoin. I do love to see bitcoin on top in the future, I hope btc can make it.
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July 06, 2018, 10:07:46 PM
 #183

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Then there would be a new "KING" if that thing do happen on seeing bitcoin is being overtaken by other altcoins in the market.It would surely be a record and lots of people would be shocked specially to those who hardly believe on bitcoin but we do all know this thing is really hard to achieve,its possible but would really takes time and consideration on the community on switching out into a new coin rather than on bitcoin itself.

Anything will happen. I think some people or investors will immediately select the new one. But let us not be afraid of losing, instead we must strive hard in order for us not to be eliminated.

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July 09, 2018, 05:58:08 AM
 #184

The price of the supposed new top coin would determine the price of other cryptocurrencies in the coin market. This coin would have to have some extraordinary features aside blockchain. It's clear we haven't reached that stage yet.
It does not necessarily mean that would happen. The fact that bitcoin as the highest market cap does not mean the reason why its movement control the market. It simply because it is the first, it has a huge support, it is tagged as a pair with most altcoins and this makes it hard for a lot of altcoins to stand on their own. Market cap to me is really not the judge of a support for a coin as some coins like XRP or EOS which is centralized can even easily be manipulated to that extent.

Anything will happen. I think some people or investors will immediately select the new one. But let us not be afraid of losing, instead we must strive hard in order for us not to be eliminated.
But definitely I will not select. Marketcap is a least significant measurement for me to choose one coin for longer investment in my view. No one is calculating it based on circulating coins even they consider only circulating, devs themselves own more number of coins. Then why we should consider it as an important criteria ?

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July 09, 2018, 07:05:52 AM
 #185

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Then there would be a new "KING" if that thing do happen on seeing bitcoin is being overtaken by other altcoins in the market.It would surely be a record and lots of people would be shocked specially to those who hardly believe on bitcoin but we do all know this thing is really hard to achieve,its possible but would really takes time and consideration on the community on switching out into a new coin rather than on bitcoin itself.

Anything will happen. I think some people or investors will immediately select the new one. But let us not be afraid of losing, instead we must strive hard in order for us not to be eliminated.
impossible is nothing in crytpocurrency. while altcoin take bitcoin place,it make cryptomarket more stable and heath.bitcoin dominant will reduce and make other coins more valuable.

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July 09, 2018, 11:52:06 AM
 #186

It can be ok for you but consider that you can miss a great opportunity because market is changing very rapidly,  well you will be converting all this processes are out you can just miss your opportunity to catch the good price.
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July 09, 2018, 01:15:34 PM
 #187

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
I doubt that this would happen in near future, and because in comparing with other cryptocurrencies bitcoin is just unbelievably higher and bigger. So probably it won't be true for nearest 5 years.

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July 09, 2018, 02:23:07 PM
 #188

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
I think it would cause a big shaking on the market, because there are 10 years passed from developing the Bitcoin and all the Stan years it remains the first and the biggest, when it would be moved. I think many people would be scared.

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July 12, 2018, 03:58:14 PM
 #189

It maybe happening that another cryptocurrency will come in the market, but i don’t think so it will take place bitcoins but instead it will maybe add among other coins. So for me bitcoin is already before the new one get in, so it is not taking its place, it is only adding. So nothing to worry about bitcoins place replacement, because it will stand firm in its place.
I think nothing will happen if another coin takes place of bitcoin and become the top crypto in the market, but I think it will never happen because the market cap of bitcoin is so high that no other crypto can cross that level easily. People still invest their money in bitcoin mostly because they think if the price pump once they will make huge profits against their investment.


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July 16, 2018, 01:01:01 PM
 #190

Then all that belongs to bitcoin will be on that altcoin together with the authority to all crypto in the market.

I think that nothing will be changed. Someone took first place bitcoin took second and go on. People still will start investing into crypto market in Bitcoin will be on the second place.
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July 16, 2018, 01:56:48 PM
 #191

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
It can happen but it will be very difficult to replace bitcoin because bitcoin is the first digital currency, it is the premise for other currencies to be born and many people have trusted it as the main currency of the market. But if there is other coin  replacing bitcoin , I think most people will be very shocked .  


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July 16, 2018, 02:43:58 PM
 #192

It can not be in nearest future, because Bitcoin is too popular and users do not replace it. Plus many people also have BTC miners, which costs a lot, so Bitcoin is Nr.1 in current crypto market without any doubts.  Wink

Perfect on that bitcoin will never be took place,not this time and not in the near future.
Until the blockchain becomes disabled and dont need to be use as platforms for every conversion of altcoins ,bitcoin will continue to dominate this market and will continue to grow the pricesnd value

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July 16, 2018, 02:50:22 PM
 #193

If that happens, then it becomes more exciting and of course, the cryptocurrency coin competition will be more interesting. But it seems that if you look at the price, it seems to be difficult to compete with bitcoin prices and I think it takes quite a long time to be able to compete with it. It's possible that if bitcoins are rivaled, investors will be active to buy coins and of course, the market price will improve.


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July 17, 2018, 01:00:25 PM
 #194

It will be the biggest news in the crypto world. For my personal opinion is people will be saying bad thing about popularity of it and about the profit because look here we have bitcoin what was on the second place now.
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July 17, 2018, 01:04:03 PM
 #195

Even it will happen I don't think that we will see any strong consequences for the crypto and market, because kings will come and go, but crypto will remain as it is.

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July 17, 2018, 01:24:58 PM
 #196

It will be the biggest news in the crypto world. For my personal opinion is people will be saying bad thing about popularity of it and about the profit because look here we have bitcoin what was on the second place now.
and people being curious about the benefits of coins that are able to shift bitcoin as the largest marketcap.but it is hard to happen, bitcoin for next several year still be main coin in market.
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July 17, 2018, 02:34:46 PM
 #197

I think that nothing special will happen if bitcoin falls from the pedestal. Now the etherium has every chance to take its place and it is rather good than bad.
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July 17, 2018, 02:48:16 PM
 #198

From the change in the seats of the terms - the amount will not change. Bitcoin, an etherium or other digital currency will become number 1 - this will not change anything radically. For investors, the very possibility of investing and earning is important, and on which digital currency it is not so important.
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July 17, 2018, 02:55:36 PM
 #199

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Then we can say that there is a new "King of Crypto" and I think the could have a chance to make overcome bitcoin is ETH, as we notice this coin is one of the most highest volume beside on bitcoin. However, I am pretty sure that there will be huge impact of losing the place of bitcoin at the top, maybe there will be an enormous bloodbath will occur.

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July 17, 2018, 04:31:53 PM
 #200

No big deal at all because that's maybe for a short period of time and Bitcoin will reclaim its place again. As long as bitcoin is still in cryptoworld, it will surely remain as the most dominant and powerful cryptocurrencies of all time.

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