Is the Bitcoin market going to collapse?

[EditorX]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

[Kimchu kuno]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

No don't collapse I want to get benefits first before it happens.

[Pursuer]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

translation: "I think bitcoin will collapse because billions of shitcoins are being created and then pumped."

and you are wrong, just because a lot of shitcoins are being created each with billions of useless tokens as their supply and then they are pumped it doesn't mean bitcoin will be affected at all. what you are calling the "market share" is a fake illusion that you are creating for yourself based on a false attribute called "market cap". it doesn't mean anything at all. it just shows how many shitcoins are out there.
there is 17 million bitcoin versions 1,000,000 billion shitcoins in circulation which is growing every day.

Bitcoin will more likely compete with Gold,

bitcoin and gold are not in the same race to compete with each other.

Ethereum will provide a backbone for many uses.

ethereum used to provide only one thing and that was smart contracts. now bitcoin also has that in a much better way and that makes ethereum obsolete...

[chickenado]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

I just observe that every time there is a price down trend many posts or subject for posting are saying and asking the same line as this " Is bitcoin going to collapse?" well people needs to understand that since the beggining of bitcoin up to now it has been struggling in the past 9 years but it stayed and dominated. If in time it will collapse then i think it will take a life time to do so. With the advent of technology and the impact of block chain it will continue to evolve into a more better platform to serve nations and people. This price down trend is just normal, we had lower price in the market than this february this year was 6k infact. We have to remember that bitcoin started out to be of no value in the market but it has proven its worth and now against all those negative propaganda it continues to dominate in the cryptocurrency industry and it will continue to become better.

[figmentofmyass]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

i could see bitcoin dominance continuing to trend downwards over the long term. the proliferation of new shitcoins adds to that effect, and market cap is inherently misleading for crypto. i could also see bitcoin remaining #1 forever (and i believe it will). those scenarios aren't mutually exclusive.

anyway, why do you think ETH will have such great utility, but BTC won't? the time of BTC smart contracts, LN and sidechains is upon us. the time for ETH hyping seems long over....

bitcoin and gold are not in the same race to compete with each other.

no? if bitcoins are a store of value, then i suppose they are.

[Tankdestroyer]

bitcoin and gold are not in the same race to compete with each other.

Are they really? I think gold and btc got many similarities. The most notable similarity gold got from btc is that their supplies are both obtained in mining and is limited in numbers. In due time bitcoin will/might also be used as a medium of storing value, and by that time it will compete with gold.

I just observe that every time there is a price down trend many posts or subject for posting are saying and asking the same line as this " Is bitcoin going to collapse?"

Don't mind them because most of those who ask that question are total newbies in crypto space that have invested in btc because of the get rich quick hype that was started when bitcoin have drastically risen from 1000$ to unimaginable prices now or users who intends to spread FUD.

[ajqjjj]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

Bitcoin is marketcap is continuously down so you are confused in Crypto market. The real reason is some illuminaties are creating the negative rumours in Bitcoin so many peoples are drop the investment at the same time some new projects are suddenly huge pump in the market so some big whales also involve in the current gradient but everything is recover soon now we should hold for our investment.

[Lazada]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

You are wrong in thinking, you do not see all the components that exist at this time. It should be with these circumstances that bitcoin market can grow very well. Bitcoin still gets the support and trust that many of the various components of society.

Think that Bitcoin is a necessity and I'm sure everyone thinks that way.

[litobee888]

"Bitcoin has died 294 times"

According to this wonderful "Bitcoin obituaries" page:

https://99bitcoins.com/bitcoinobituaries/

Bookmark it; it's absolutely lovely.

[Denker]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

I will say the opposite will happen. In 5 years or so the majority will have realized that Blockchain itself isn't the cure for every problem companies are facing today.
Altcoins exist since 2011. And so far none of them have delivered anything. Ethereum, around since 2015, is just a platform for scammy ICOs and crypto kiddies. And the hype was HUGE!!!
Imo this will be like a "the winner takes it all" situation. With lightning network, Bitcoin will be cheap, fast and much more private. Smart contracts are possible too.
Of course Bitcoin can not and will not be used for all. And that'S fine. But right now, 95% of the altcoins are pure vaporware and scams. Therefore I'm sure Bitcoin's market share and dominance will increase again.
I mean look how altcoins from 2013 are performing now, if they're still around!

[c++btc]

No not it is not even possible because there are so many market that exist in the digital world. I am currently buying more bitcoins today because i knew that one of these days it will increase again rise up for all investors and will say that you regret selling me. Bitcoin has so many backers I guess.

[Fuhre]

the bitcoin market is unlikely to collapse, man. as far as i know that could make the market collapse is like, regulators tightened, concerns that tightening the regulator will bring a negative impact and will encourage a massive selling action continues to occur. Correction can also cause it to happen, CEO of Cryptocurrency-wallet eido, Thomas Farms says that the biggest factor that will make the market collapse is overheat and most obviously is expecting a lot on votatility.
but I do not think the bitcoin market is likely to collapse if there are still many traders and investors using it.

[pooya87]

My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.

In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.

So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.

I will say the opposite will happen. In 5 years or so the majority will have realized that Blockchain itself isn't the cure for every problem companies are facing today.
Altcoins exist since 2011. And so far none of them have delivered anything. Ethereum, around since 2015, is just a platform for scammy ICOs and crypto kiddies. And the hype was HUGE!!!
Imo this will be like a "the winner takes it all" situation. With lightning network, Bitcoin will be cheap, fast and much more private. Smart contracts are possible too.
Of course Bitcoin can not and will not be used for all. And that'S fine. But right now, 95% of the altcoins are pure vaporware and scams. Therefore I'm sure Bitcoin's market share and dominance will increase again.
I mean look how altcoins from 2013 are performing now, if they're still around!

a couple of weeks ago i saw another one of these screenshots of the old days with the same list of "TOP10" coins but with the different coins from a different time. and the interesting thing that can be seen from these types of historical changes in the list is that at each of these specific times there has been a coin among them to claim to take over bitcoin and they stayed in top10 for a while and then evaporated eventually as they could no longer stand the dumps...

[followmenot]

No Bitcoin isn't going to collapse like ever. There are many many people mining bitcoin everday and its just gains value by that way. Also its code has proved to be secure. There are no reasons for it to die completely.

[LFC_Bitcoin]

Bitcoin is going nowhere, it’s here for the long term. It’s the most trustworthy, mature & respected crypto currency. All the others are just fighting for 2nd place at the moment.

[1Referee]

People just need to accept that Bitcoin won't be going anywhere, and that altcoins don't even remotely form a threat. Eventually when the ICO and quick gain hype dies off, all this nonsense will end and their market caps will deflate to absolute bottom levels. All that capital belongs in Bitcoin and not in whatever random trash coin or token not doing anything. It all comes down to how immature the overall market is, and that will definitely change.

Once all these knuckleheads sold their coins to smart parties the game will change. It's already happening, which clearly shows how massive the gap between small holders and large holders has become, especially after the massive correction. Result in the end is that the elite holds 99% of the coins and the stupid 1%. Keep selling and you will all see how things evolve.

[Phenoca]

I think there is not enough name recognition for altcoins to dominate this year, but maybe next year Ethereum or some centralized crypto from Wallstreet or Facebook will start to dominate the market by offering widespread infrastructure for retail merchants.

[BrewMaster]

we are getting closer to that day when majority of people realize that they should not use market cap for comparison and saying things like "market share" and "dominance" where they should really say "market cap" is silly. and hopefully we can soon see a new thing replace market cap which actually represents value of a cryptocurrency and by then you can clearly see how the real ranking goes. and we stop seeing silly topics like this pop up

[socks435]

I think for now it is hard to predict if bitcoin will be going to collapse because bitcoin is unpredictable.
Honestly, altcoin helps bitcoin a lot because they are promoting their project but they are accepting bitcoin as payment that is why investors keep buying bitcoin then invest in altcoin that is why the price of bitcoin is kept increasing.

[anavir]

I think for now it is hard to predict if bitcoin will be going to collapse because bitcoin is unpredictable.
Honestly, altcoin helps bitcoin a lot because they are promoting their project but they are accepting bitcoin as payment that is why investors keep buying bitcoin then invest in altcoin that is why the price of bitcoin is kept increasing.

i agree with you mate..it is a vice versa relationship.Investors use bitcoin to buy altcoins so some of altcoins price goes up because of the demands and at the same time bitcoin price goes up too because investors used more bitcoins to be used in buying altcoins making bitcoins rise their price because of the demands