bahnfire
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September 19, 2018, 01:42:51 AM |
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I believe we'll go back to 2022 Bitcoin dominance by 2022.
The next halving should have put us past 6 figures, somewhere from $100,000 to $500,000 (to difficult to know where it will peak before the crash once we get past the 6 figure psychological barrier which is an huge accomplishment.. I predict tons of people getting rekt as they sell at $100,000 and open shorts expecting the price to crash right at $100,000)
By then the fact that most alts are scams should be obvious to even noobs and BTC will go back to the natural 80% balance as per pareto law distribution.
The alternative is there is a possibility we don't quite get past $100,000 and fall right before getting there, which would give us a a year or two of dipping before we actually get past $100,000 which will definitely crush altcoins.
We will not go because there is more and more coins added to coinmarketcap that are not comparable to bitcoin. They are not PoW. They are premined. That coinmarketcap bitcoin domination is totally fake, since there should be many more groups of crypto and not mixed apples and pears together. In 2022 that coinmarketcap bitcoin domination will not be even 20% Exatly i think same like this.. There willbe more and more coins and new technologies. Surely btc will have good percentage of market cap. but not more 20 30 like this..
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pocketfullofpoke
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September 19, 2018, 03:51:16 AM |
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If that will go as speculated, then it will be timely for my portfolio since i am setting it to that year where i wanted to sell some or most of my crypto assets. There will be a new all time high on or even before that year comes. Nothing to worry too since bitcoin remains dominant above all cryptos despite its price fluctuations.
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YMaverik
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September 19, 2018, 03:53:48 AM |
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it is not a fact that BTC will strongly dominate with technology development. It seems to me that some of the alternative coins will be able to surpass it in capitalization. all rests on the applicability in real life, which will take faster, then grow.
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Thesaintplague
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September 19, 2018, 08:24:49 AM |
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That isn't possible. This is only possible if cryptocurrencies and cryptocurrency exchanges are banned for use. Only, in this case, bitcoin can return to where it all began. If this does not happen - altcoins will not allow 80% domination in the market. Most alts are scams, but good projects take half of the all crypto capitalization.
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Tipstar
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September 19, 2018, 08:29:17 AM |
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That's a funny prediction and current trend is moving towards that. With coins adding up daily and a fierce competition in every sector, bitcoin had gone below 40% in dominance by total marketcap but with the 2018's great crypto depression, the coin took back it's dominance to more than 55% eating up a lot of altcoins value.
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hiyla
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September 19, 2018, 08:40:08 AM |
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I admit that when bitcoin conquers new heights, whales will start pouring bitcoins into altcoins and domination may fall below 30%, they can not already earn on bitcoin and return to the alts and their possible rapid growth.
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ifirina
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September 19, 2018, 08:50:23 AM |
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It is very interesting philosophical question ). No one can say for sure what would be the BTC price and market dominance even in a month. And price prediction for long term is million times harder then for short term. But I also have a guess ). I think that after some point, for example when BTC price will be near to $3000, the dominance of BTC will be about 90%. And after that we will see a gradual and constant market growth and reducing dominance of BTC to current value. Of course, there will be local falls and ups, but in general it will be slow but steady growth with an increase in the weight of altcoins.
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casty3000
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September 19, 2018, 08:53:46 AM |
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I think this is impossible. Even today there are very good projects, and as we come to 2022, there will be much more powerful projects. My guess is 30%
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timmmers
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September 19, 2018, 08:56:19 AM |
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Thank you for your positive view. But your prediction is based only halving? Do you think that halving will have sich big affect on Bitcoin price?
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erushin.antony
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September 19, 2018, 09:00:53 AM |
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The bitcoin dominates among cryptocurrencies more and more. Limited issue can make it very popular and packed. I buy bitcoin
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Ucy
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September 19, 2018, 06:10:10 PM |
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I believe we'll go back to 2022 Bitcoin dominance by 2022.
The next halving should have put us past 6 figures, somewhere from $100,000 to $500,000 (to difficult to know where it will peak before the crash once we get past the 6 figure psychological barrier which is an huge accomplishment.. I predict tons of people getting rekt as they sell at $100,000 and open shorts expecting the price to crash right at $100,000)
By then the fact that most alts are scams should be obvious to even noobs and BTC will go back to the natural 80% balance as per pareto law distribution.
The alternative is there is a possibility we don't quite get past $100,000 and fall right before getting there, which would give us a a year or two of dipping before we actually get past $100,000 which will definitely crush altcoins.
Guess you mean "80% not 2022." Read the first line again. Well, it'll benefit no one in Cryptocurrency World if Bitcoin achieves 100% dominance at $70 per coin while other Cryptocurrencies vanish at $0. Better we aim to grow together and mutually. It would be great if Bitcoin is at 40% dominance at $30,000 per coin, wouldn't it..
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kanmo
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September 19, 2018, 06:20:33 PM |
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Well, I think anything is possible but BTC dominance of up to 80% of all the whole crypto ecosystem may seem impossible by 2022 because there are lot of emerging project in the crypto world and I see them getting huge dominance by 2022.
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btcmi
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September 20, 2018, 06:32:39 AM |
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I think by 2022 the dominance of bitcoin will decrease to the lowest level. By that time, there will be already a lot of coins in the market, from which there will be practical benefits.
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Adebits
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September 20, 2018, 06:38:41 AM |
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Though Bitcoin will still dominate altcoins but I don't believe that the dominance can be up to 80% in some years to come.
And to me, one crypto heavily dominating the entire industry is not the best. In an ideal business world, the more evenly distribution of the money within the market, the better and stronger the market will be. When money spread out more evenly, it gives investors chance to compare the different pros and cons of many different cryptocurrencies thereby giving them a more balanced view of the market as a whole.
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Iyeman
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September 20, 2018, 06:51:10 AM |
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I think this is impossible. Even today there are very good projects, and as we come to 2022, there will be much more powerful projects. My guess is 30%
Lol don't you even understand about how it works? bitcoin has 21 millions supply and that means it can growth a lot after the hardcap supply will have achieved. This time bitcoin dominance is more than 50% and that gives a lot of possibilities to the bitcoin to eat the altcoin dominance. Just in a few months and bitcoin has eaten more than 20% of altcoin market dominance.
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warning_btc
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September 20, 2018, 06:59:50 AM |
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I am hope in 2022 cryptos have more spread and we can use real working products. But if thats not hapen btc can have 80% of market
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elloco4ever
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September 20, 2018, 07:06:20 AM |
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That is not predicted by friends, because Bitcoin is not predictable. Let the water flow from the mountain by flowing slowly and all markets will return to green with their own.
Nice lines mate, you cannot predict anycoin as well as no experts can say the exact status of cryptocurrencies. We need to research on our own. Apart from this even altcoins are growing too. Like you said we need to wait and watch.
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Dolarin
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September 20, 2018, 07:15:46 AM |
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I think it's impossible. Such domination of bitcoin remains in the past and is unlikely to happen again due to the growing token market.
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ivannalog814
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September 20, 2018, 12:39:08 PM |
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I believe that bitcoin will always be in the first place and will dominate but I think that it will dominate the altcoins about 60 -65 % as the technology will be improved and the market will still have a worthy project that will have part of the capitalization !
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