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Author Topic: What would happen if another cryptocurrency took Bitcoins place in Market Cap?  (Read 2293 times)
Bonsaiav
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October 10, 2018, 08:47:20 AM
 #301

Every cryptocurrency in the market, their development depends heavily on the supportive population behind them, if their finances grow stronger and make a large number of purchases, then the amount of supply will experience a deficit, and the increase in prices is inevitable.

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

If, the situation really will occur, it may be that mass crypto destruction will occur.

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October 13, 2018, 06:19:56 AM
 #302

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 don’t think that another coins would replace bitcoin because it is impossible for them to reach the price that bitcoin had reached.
Well there is nothing out there in the crypto market that is impossible. The revival of ETH can again pose a threat to the Bitcoin in long run like it did few months ago.

This is just because of the pace with which ETH was growing. Right now, I do not see any other coin so advanced to reach Bitcoin any time sooner except ETH again and Litecoin. Because these altcoin have gotten great potential in long run and we might see them growing high like Bitcoin. However it will take long time.

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Lwtelencio
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October 30, 2018, 11:11:01 AM
 #303

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Well if that will happen thier will be a new king on crypto but as we see so far that theres no other coin can surpass the value of bitcoin.

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October 31, 2018, 04:02:05 AM
 #304

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Nothing will happen except that the name of the top coin will be different but it is unlikely any of the current coins can take that spot out of bitcoin because they do not really bring anything that is revolutionary to the market to take that position away, we will need a completely different concept for that to happen and I am not sure if I am going to see it.
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October 31, 2018, 06:53:04 AM
 #305

This case is already interesting in that if a cryptocurrency that takes the place of Bitcoin does not have too large a level of capitalization, that is, its capitalization does not differ too much from the level of capitalization of the lower coins in the table, then most likely such a new cryptocurrency leader cannot have a tough price dominance over other types of cryptocurrency, as Bitcoin is doing now. It is possible that then the cryptocurrency can develop more freely.

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October 31, 2018, 07:11:32 AM
 #306

This is unbelievable, because in fact altcoin to survive they cannot afford to have valuable values like bitcoin, we see that many new altcoins appear as promising in every ICO but after a while the ICO ends the altcoin price evaporates, even though there is some have survived, but nothing has fluctuated like bitcoin, although this may be a matter of time but I am pessimistic this will happen but if it really does, surely many investors will think again because the trust factor in bitcoin cannot be replaced by any altcoin

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October 31, 2018, 07:15:40 AM
 #307

surely there will be a big change in our cryptocurrency orientation, maybe there is something wrong with bitcoin so that its popularity is declining, as we know that the existence of bitcoin in the cryptocurrency universe is very strong, very difficult to be able to replace its position if no organization has planned to drop it, like a political game

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October 31, 2018, 08:10:10 AM
 #308

People in long positions beyond their means at the time of the crash will have impacted their balance sheets in a negative manner and missed out on other investment opportunities during the time they had their money tied up. People that got involved in blockchain technology, because of bitcoin, and weren’t just trading bitcoin will have learned quite a bit about blockchain, and vaporized investments.
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