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Author Topic: What would happen if another cryptocurrency took Bitcoins place in Market Cap?  (Read 2210 times)
entrepmind23
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February 28, 2018, 01:46:14 AM
 #41

There is always a possibility it could happen if the coin that will take over bitcoin would be able to get the trust of the cryptocommunity and will be use for its purpose. We may see bitcoin as a store of value now but we can see that some are using it as payment transaction so it still serve its purpose. It has the advantage of being the most popular cryptocurrency that's why the demand is still high and still holding its throne since the inception of cryptocurrency.

Eventually, another cryptocurrency may be able to take over its throne and if ever it would stay there for some time then we can accept the fact that bitcoin is not the king anymore but if it will happen because the coin is just hyped then eventually it will go down and bitcoin would still be the king. If it stays there then the exchanges would just update their pairings and add the latest king of crypto.

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February 28, 2018, 02:14:40 AM
 #42

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 if that happens bitcoin value will drop and will no longer appreciate the way it did in the past years. The demand will surely divert into alts and time will come bitcoin will become an ordinary crypto.
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February 28, 2018, 02:30:40 AM
 #43

If there is a possibility and when that happens it means the new coin has better technology than bitcoin but currently i dont see any token that could surpass bitcoin. If bitcoin were to be replaced surely the entire community would be shock and would take time to use another new token. It's just hard to think that bitcoin will be overtaken after all the years it has survive.


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BTCeminjas
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February 28, 2018, 02:34:36 AM
 #44

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 if that happens bitcoin value will drop and will no longer appreciate the way it did in the past years. The demand will surely divert into alts and time will come bitcoin will become an ordinary crypto.
I don't see any reason why bitcoin going down and replaced altcoins, bitcoin is bitcoin and altcoins are not the same in bitcoin those altcoins depends on bitcoin price so how would you say that there's somebody coins from altcoin replace that is impossible to happen.
But they are right we don't know what will happen for the future is there always whale but as of now i don't see any possibilities that there's one altcoin who replace bitcoin maybe next step on bitcoin but not replacing on it.
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February 28, 2018, 02:45:30 AM
 #45

In my opinion there will be competition between bitcoin and the other cryptocurrency in the market cap.
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February 28, 2018, 02:50:36 AM
 #46

This is another question that people answers more on speculation ideas, actually other cryptocurrencies today are born when bitcoin is already operated. And if we try to look at the market system of all cryptocurrencies, on how the price of every cryptocurrency being moved, they are all act like a sister company, because when bitcoin down their value all kinds of crypto also follows. We cannot determine that there is a competition in the market about cryptocurrencies. (Correct  me if I'm doing a wrong statement.)

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February 28, 2018, 03:07:52 AM
 #47

In my opinion there will be competition between bitcoin and the other cryptocurrency in the market cap.
as of now i don't see any compitations around the market. 'cause some of the token/alt nowadays is on red due to the  bitcoin price which is climbing  along with ETH so perhaps if there's an alt that can overtake bitcoin i think ethereum is the one and no other alt.


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February 28, 2018, 03:26:14 AM
 #48

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 dont think anything astounding will happen except the thing that we will be frightened to see that our most favourite currency is not numbered second in the market cap. The prices for two to three different currency would be almost the same, I mean it will be above 10K for top three currency and that would be an amazing choice for us. The process might just speed up in terms of selling of the bitcoin. This is because as always people will want to trust the coin which is at the first place. So naturally speaking rest of the altcoins will not be affected much. Only major changes will occur at the first position.

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February 28, 2018, 03:44:02 AM
 #49

Ethereum has the most potential to surpass bitcoin's market cap and nothing else. This digital cryptocurrency goes from strength to strength. Ethereum will have the best long-term potential of any cryptocurrency though due to flexibility and smart contracts. And most ICO's backing it up, what could go wrong for ethereum?
nothing could go wrong with ethereum.but for me its to early to predict,because as this moment and for the next  couple of years,bitcoin will hold supremacy and for sure many of you agreed on this.though posibility is indeed.but not this early

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February 28, 2018, 04:15:56 AM
 #50

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

Of course all people in this crypto world will shocked if that happen. All we know Bitcoin is the King of CryptoCurrency  and her price was expensive, in the past many days, week, months or year the value of bitcoin rapidly rising than any Crypto. And if some altcoin beat the bitcoin and replace to the throne,  we should have to do is accept it.

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February 28, 2018, 04:20:30 AM
 #51

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 if that happens bitcoin value will drop and will no longer appreciate the way it did in the past years. The demand will surely divert into adults and time will come bitcoin will become an ordinary crypto.

Of course, your assumption is wrong because there might be a chance in future that bitcoin mark cap will cross by another coin. Till now, we don't have any clear which one will lead because as of now and for the next 25 years bitcoin is major currency.

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March 03, 2018, 11:06:01 AM
 #52

In my view, the effect would largely depend on how long this bitcoin competitor is going to remain there and by how much it is going to exceed bitcoin's market cap. If it is due to some random event or purely by chance, nothing of importance will happen. On the other hand though, if the bitcoin killer comes to stay, people are going to invest in it and divest from bitcoin over time because most people are looking for profits only. That would likely mark the end of bitcoin as the king of crypto.

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March 03, 2018, 11:26:44 AM
 #53

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 does't really matter.

As of now Bitcoin reached the highest market cap yet. And because of that, many platforms open towards Bitcoin. And for this reason they knew that, they can make profit out of this. Soon different coin-based wallets emerged, various exchange, etc. people are starting to use it as soon as they've realized that Bitcoin is in a different level when it comes to investments and making profits. So it gave Bitcoin an even more wide range of possibilities, and it gained its reputation and become a trend all over the world. Thus, the price skyrocketed.

So if ever an Altcoin would ever be able to replace Bitcoin, it will just going to do the same loop. At first many people would doubt about the coin, accepting it that instantly, what if its a bubble, and the likes. But soon, if its price would go even higher or atleast in steady (that means this Altcoin is higher that the current price of Bitcoin), then people will again start taking advantage out of it, repeating itself.


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March 03, 2018, 09:09:01 PM
 #54

I'm not entirely sure what this question is getting at. What exactly could happen, it's just a statistic, it doesn't really mean anything. Bitcoin could lose top spot for a number of reasons and the way the crypto market would be would change with each. Nothing all that spectacular would change though. Let's say ETH grows to overtake Bitcoin, it won't change anything.
It is never that simple, in the scenario you are bringing up there will not be much of a problem since bitcoin will just be surpassed by a strong competitor, but what if bitcoin lost that spot because some other occurrence, what if some kind of vulnerability was found or if the governments did a 51% attack or what if they incarcerated the devs, there are many scenarios in which bitcoin losing the first spot in market cap could come from something else than a market competitor surpassing it.
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March 18, 2018, 01:17:49 AM
 #55

Those would be interesting days indeed!

Would mean that this new king has proven significant intrinsic value over the incumbent, the likes of which we have't seen yet. So such a cryto has not been revealed yet.
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March 18, 2018, 08:00:16 PM
 #56

Input of new btcs are always welcomed so I don't think anything would happen as everyone would similarly get used to it
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March 18, 2018, 08:26:39 PM
 #57

Nothing special would happen; that would be a natural evolution due to the fact that some altcoins have better tech specs than BTC.

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March 18, 2018, 08:49:42 PM
 #58

100% agree, @Trimegistus . In fact, it's inevitable. I made the same point on Medium: https://medium.com/@WilliamFreedman/tethers-good-run-it-s-as-old-as-the-microprocessor-80959e412c67



Nothing special would happen; that would be a natural evolution due to the fact that some altcoins have better tech specs than BTC.
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March 18, 2018, 09:33:10 PM
 #59

That is a hard question cause we know only Times when bitcoin is a king and some prices or just following bitcoin price, if there will be a new king whole market could crash or there won't be anything special, that just depends.

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March 19, 2018, 03:14:35 AM
 #60

If the new cryptoz has some centralised  overpower will surely succeed the btcs place in crypto world
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