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Author Topic: What would happen if another cryptocurrency took Bitcoins place in Market Cap?  (Read 2210 times)
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September 12, 2018, 09:03:54 AM
 #261

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 its very normal if others coin replace bitcoin as biggest market cap value. I am believe soon or later that will happen because bitcoin only have 21 million supply and others coin have more supply. But in price, i think bitcoin still valueable than others

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September 12, 2018, 09:29:09 AM
 #262

I think for me, other coins such as ETH are way better than BTC. I mean the way ETH has been performing with projects and exchanges, it wil overtake it soon. Nut if you're asking if there is a ripple effect, then i guess not really that i know of.
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September 12, 2018, 09:40:35 AM
 #263

It is difficult to make that happen, as the whole market depends on bitcoin. bitcoin is a measure of the value of a coin altcoin. Bitcoin is more popular than any altcoin and I still think bitcoin will stand up to the king's position of crypto.

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September 12, 2018, 10:03:29 AM
 #264

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.

I agree. If that would happen, it would just create a market shift, and more and more people would focus their transactions on that new coin that will take over Bitcoin's place. I mean, people would always come after the top coin in the market because it always has more to offer as supposed to those that are under it. However, it wouldn't be that easy to do since the thing about cryptocurrencies is that Bitcoin, being the pioneer coin, has all the advantages in terms of popularity and value, which makes it really hard to dethrone it.

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September 12, 2018, 10:34:25 AM
 #265

for myself this will instead be a good thing to get money, bitcoin also continues to downfrom month to month, I hope one future coin replaces it

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September 12, 2018, 10:40:22 AM
 #266

I think many people will move to popular coins that can surpassed bitcoin because investors right now invest because they want to earn profit they want if bitcoins popularity will disappear so many will take its to take his throne so that coin lead someday will have a huge value.

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September 12, 2018, 10:45:04 AM
 #267

I think that would be a distant future, but if that happens then we will have a new coin above Bitcoin and that coin would really have a good potential. maybe that will happen, We can't predict the future.
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September 12, 2018, 11:01:48 AM
 #268

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

At the current level of cyrpto adoption this is simply impossible. If Bitcoin, the most trusted cryptocurrency, fails then all the other cryptos will fail as well. Maybe in the far far future, when Bitcoin will be used by hundreds of millions of people, and, say, Stellar will be used and trusted by approximately the same amount, the situation à la  "The King is Dead – Long Live the new King!", as some posters suggest, will be possible, but not at this point.

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September 12, 2018, 11:09:40 AM
 #269

I dont think that bitcoin can be replaced by another cryptocurrency. Maybe one day we can see some altcoins which have bigger marketcap than BTC. But this does not mean that BTC was replaced. Even now, there are many cryptocurrencies which have better technology than BTC but people prefer to use BTC.

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September 12, 2018, 11:28:42 AM
 #270

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 that will change everything, but for now I don't think it's possible. because bitcoin will always be on top. others are just followers
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September 12, 2018, 03:13:59 PM
 #271

It would be a monumental change in cryptocurrency world. I mean I don't know how much the crypto world would change and what would happen to total market cap and if anything change at the point of we all become richer or poorer but I know that there must be some issue for all of us that bitcoin devalued enough to be not number one. That means something went wrong and it might be hurting all of us. I would rather bitcoin go up and something going even higher but for this scenario it doesn't look like that would happen.
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September 12, 2018, 03:25:15 PM
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 #272

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, the worst case scenarios will be the death of All high gainers who got the most share of it, but i do not think this is going to happen ever, currently BTC is touching 60% of Market dominance which is very rare after the surge of crypto currencies, Even ETH is taking sell load so i am very optimistic that BTC is not going anywhere.
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September 12, 2018, 04:27:59 PM
 #273

It would be good if some other cryptocurrency will evolve the same way that bitcoins did. Some healthy competition would be good for the crypto world, I believe. I am not sure if any altcoins can replace bitcoin anytime soon even though bitcoin prices are down, but I would be okay if another crypto will take its place.
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September 12, 2018, 05:11:55 PM
 #274

In that case, that coin would really have a good potential. I cannot see any new coin that can replace bitcoin yet. As we all know, a lot of people already trusted bitcoin and they consider it as the main currency because it's the first cryptocurrency to become very successful and bring convenience to everyone.
I agree with your opinion, no one can change the position of Bitcoin, in the whole world Bitcoin is number 1, it has become the trust of all people for the use of bitcoin, which has a long term.

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September 12, 2018, 05:26:26 PM
 #275

Well, I would just say it is plain and simple, if an alt coin was able to exceed the market cap of Bitcoin then that coin will be the new King of crypto I suppose. But to be perfectly honest, I am not seeing that happen in the near future.
 

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September 12, 2018, 05:32:50 PM
 #276

Well, I would just say it is plain and simple, if an alt coin was able to exceed the market cap of Bitcoin then that coin will be the new King of crypto I suppose. But to be perfectly honest, I am not seeing that happen in the near future.

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September 12, 2018, 05:59:16 PM
 #277

In that case, that coin would really have a good potential. I cannot see any new coin that can replace bitcoin yet. As we all know, a lot of people already trusted bitcoin and they consider it as the main currency because it's the first cryptocurrency to become very successful and bring convenience to everyone.
I agree with your opinion, no one can change the position of Bitcoin, in the whole world Bitcoin is number 1, it has become the trust of all people for the use of bitcoin, which has a long term.

 A lot of coins in the market can surpass bitcoin when it comes to potential and use but bitcoin's popularity and it's reputation as the coin that started it all will most likely secure it's spot in the top. It would likely remain there for a good number of years more until crypto becomes mainstream.

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September 14, 2018, 10:10:37 AM
 #278

They will realize that anything is possible in crypto currency, just like the value of bitcoin before till now. The achievement of one crypto currency will make a good sound around the world and it will benefit almost all for good. The dominating good news of crypto will spread again and again.
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September 15, 2018, 07:40:38 AM
 #279

If bitcoin cedes its first place in the CoinMarketCap table, a lot will change. First of all, if the coin that won first place instead of bitcoin does not have a very high degree of capitalization, as now bitcoin, then this coin can not dominate the price over other types of crypto currency, as now bitcoin does. Then each coin and token will have its own pricing, which will contribute to the rapid development of the crypto-currency market. Now, in fact, bitcoin constrains such development. This is especially evident now, when exactly bitcoin fell in price at the beginning of this year and therefore all the Crypto currency has been in decline for a year.

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September 15, 2018, 07:53:02 AM
 #280

I think that cryptocurrency is the only king who remains bitcoin, they are some other cryptocurrency will not be able and will not be able to beat the power of bitcoin.

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