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Author Topic: What would happen if another cryptocurrency took Bitcoins place in Market Cap?  (Read 2211 times)
Uno17
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June 22, 2018, 12:31:52 PM
 #81

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.

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warrior333
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June 22, 2018, 12:43:13 PM
 #82

I don't think anything will happen. Bitcoin has always been and will remain the first number. In order for the capitalization of any cryptocurrency to increase, huge money and coordinated actions are needed in the market of those who invest this money. But the most difficult thing is to keep the capital. It's difficult.
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June 22, 2018, 12:50:50 PM
 #83

From the cost of Bitkon depends also the cost of other cryptocurrencies. This is due to the high percentage of Bitcoin's capitalization in relation to the whole market of cryptocurrencies.
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June 22, 2018, 01:02:30 PM
 #84

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

That will be a good thing for the cryptocurrency,
as we will see that people are not only for bitcoin and giving importance to every crypto.
but that will be hard to have, but we should not close the possibility.

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June 22, 2018, 01:45:54 PM
 #85

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

That will be a good thing for the cryptocurrency,
as we will see that people are not only for bitcoin and giving importance to every crypto.
but that will be hard to have, but we should not close the possibility.
What good is that? After all, any other coin is not as advertised as bitcoin. Therefore, it will be difficult or impossible to repeat the success of bitcoin. If bitcoin loses its superiority, it obviously will not happen soon!
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June 22, 2018, 02:07:53 PM
 #86

Well if theres a new cryptocurrency who will took the place of bitcoin then that means theres a new 1st placer in the market.For sure lots of investors will grab it because we are all here for a greater opportunity.So we aim for the best.
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June 22, 2018, 02:21:08 PM
 #87

Taking Bitcoins place in market? It seems utopic in the near future. Bitcoin has proved its value. Currently, it is the strongest currency of the crypto market. I do not think that any of the current currency  will take down bitcoin.
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June 22, 2018, 02:45:10 PM
 #88

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
To say the least, I have asked myself why no crypto has been able to overtake bitcoin since the cryptocurrency aspect of business started. Why is bitcoin still dorminating the charts even when it is obvious it has several challenges and shortcomings. Is it out of respect?

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June 22, 2018, 02:49:50 PM
 #89

not a bad thing, because they are still in the same market. and the most important is the condition of all the coins in the market. if you say if there is a coin that will take over bitcoin, maybe it is etherum.

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June 22, 2018, 04:31:27 PM
 #90

We would have a new best cryptocurrency on the market, like now and we will based on this coin and his value will be the most important.

       
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June 22, 2018, 04:45:13 PM
 #91

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 there would be a coin, but not today, not this year. other coins have long road to catch up with bitcoin.
by that time, btc's price would be so much higher.

but I still hope that there would be that day. make whole market so much fun

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June 23, 2018, 10:43:45 AM
 #92

I don't think anything will happen. Bitcoin has always been and will remain the first number. In order for the capitalization of any cryptocurrency to increase, huge money and coordinated actions are needed in the market of those who invest this money. But the most difficult thing is to keep the capital. It's difficult.
Yes for sure, it will remain as the first on the list, but I don’t know if that’s forever, it’s also possible that another cryptocurrency can take its place if it no longer offers what investors are expecting from it, just like many were complaining last year that the fees for transaction was too much and they did correct it this year, and we can all see that the fees is now very low.

It’s no longer fast as it used to be at first and we are still yet to see the lightening network that they promised us, but if that will introduce more fees to makes things costly, then I will recommend they ignore that project and focus on something more better.

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June 23, 2018, 11:21:03 AM
 #93

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 believe that any cryptocurrency that takes the number one position in the coinmarketcap list begins to control the market just as Bitcoin is doing now. I have noticed that most cryptocurrencies on the list usually moves accordingly with Bitcoin; whenever its price goes up, others follows and whenever the price starts to go down, others will follow too. But that doesn’t that Bitcoin will come to an end, it will still be there competing for a better position just like the others are doing now.

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June 23, 2018, 12:56:55 PM
 #94

It will have a huge effect in the whole market because the altcoins will not have a clear basis for following a certain trend in the market because they used to follow the trend of bitcoin and if something goes wrong in bitcoin then the altcoin will have its effect also and that is why there will be a huge effect and confusion in the market if bitcoin will be dethrone in market cap.


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nickwen
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June 23, 2018, 07:45:28 PM
 #95

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 other currencies replace the number one position of Bitcoin. I think People will trade bitcoins less than and gradually Bitcoin will fall into oblivion. But of course, this will never happen to Bitcoin
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June 23, 2018, 07:48:16 PM
 #96

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
ETH will be the new king in a few years and Bitcoin will be in second place after ETH. I am sure of this prediction because the crowd trend is supporting ETH more than bitcoin

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June 23, 2018, 07:48:47 PM
 #97

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

Its normal, any cryptocurrency can actually replace bitcoins in the future, ethereum has the chance to replace bitcoins if most of the people will be preferring to invest on eth more than bitcoins demand and supply is always the answer for the price of cryptocurrency pump up.

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June 23, 2018, 08:06:57 PM
 #98

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
That is not impossible to happen dude, there is so many cryptocurrencies out there that are much more useful than bitcoin, for example ethereum for its capability to hold erc20 tokens that are extremely useful for ico projects. And if that would happen it is very sad moments for those who have invested a lot on bitcoin, and the new era cryptocurrencies will born  Cool.

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June 23, 2018, 10:48:13 PM
 #99

my view of who is in the top position besides bitcoin, I think it's no problem anyone can occupy the pucak position, either eth, monero, etc, because each altcoin has its own strategy to attract people's sympathy by gaining their trust, and I think it's better when it's not the pucak position inhabited by whom, but how can crypto always survive and become legal so we can work more comfortable and safe, hopefully useful and successful for all of us
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June 23, 2018, 11:07:24 PM
 #100

It is possible to happen especially now that there are many new coins emerging and we cant control what will happen to crypto world and if someone can surpass bitcoin and become number one in the market i think people will support it just like bitcoin.

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