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Author Topic: Bitcoin dominance: bad thing or good thing?  (Read 309 times)
YuginKadoya
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November 13, 2018, 02:48:57 PM
 #21

If we compare each coins dominance everyone knows that bitcoin has a greater scale and a well-known persona in it other than the Altcoins that have a so much number, We can really say that bitcoin doesn't have to do anything at all to say that it has an aura of dominance, Compare to the other coins that are Altcoins,

We can say that Bitcoin doesn't need anything particular for the investors to get involved with it, They surely recognized bitcoin even in a bearish market, But Altcoins will keep on struggling in the market and needs the support of bitcoin to increase its price. 
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November 13, 2018, 05:15:49 PM
 #22

Bitcoin is like the apes bank to other coins and it is a pioneer Cryptocoins and therefore this dominant should not be our concerns now as I see that we are still at the early stages of cryptocurrencies development.  Bitcoin dominant is going to reduce when coins like ethereum, litecoin and zcash started to pull fund from it. We are currently at a stage were we have to used bitcoin to do many things in cryptocurrencies market and one days will come when we would began to see beauty in other coins.
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November 13, 2018, 05:48:51 PM
 #23

Bitcoin dominance by itself is not good or bad it is just a number that we use to measure how much of the money invested in the market is invested in bitcoin, that is all, personally I would prefer that number to be low not because I want bitcoin to be weaker or to disappear but because that will mean that there are many good projects in the market that deserve our attention and that are competing for the money of investors, unfortunately we know that the number of good projects in this market are very low.

That is one of the main reasons of why we are seeing a bitcoin dominance that is so high despite the fact that there are thousands of coins in the market and I do not see this changing in the next years.

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November 16, 2018, 10:42:01 AM
 #24

For now , i think it is the best situation for crypto market is to le the bitcoine be the dominant , because the team behind it have alot of experience , so the can handle every problem the crypto market face
I don't think Bitcoin will be dominant for a long time from now.  It has had it's time,  it's only natural for it to leave the stage and let others shine. 2019 will be year of lots of coins shining IMO,   I won't be surprised if XRP or even ETH supplants BTC.  Or maybe MFX - even though they may be fairly new. 2019 is definitely a year to watch out for in the cryptospace.
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November 16, 2018, 01:37:01 PM
 #25

I don't see anything wrong in Bitcoin being dominant.
It's the oldest, strongest and most valuable cryptocurrency and it deserved to be on a throne. Afterall, it took this place because of the users who suport Bitcoin through all this years and huge progress it has made.
On the other hand market is open and every other coin has the opportunity for success although I truly doubt that some other coin will ever achieve such success.

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November 20, 2018, 05:09:35 PM
 #26

I don't see anything wrong in Bitcoin being dominant.
It's the oldest, strongest and most valuable cryptocurrency and it deserved to be on a throne. Afterall, it took this place because of the users who suport Bitcoin through all this years and huge progress it has made.
On the other hand market is open and every other coin has the opportunity for success although I truly doubt that some other coin will ever achieve such success.
People just want to complain that is all, they want their favorite projects to have huge market caps without really deserving it, it is very easy to wish that the projects in which you invested go up in value but if they do not have anything to offer to the community then I do not see why that should be the case and the market agrees with me, there are thousands of coins out there but only a selected number of those coins are appreciated by the community as a whole.

And this happens because most coins are just copying what other people are doing without really integrating any kind of innovative ideas to their projects that can make them better.

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