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Author Topic: 80% BTC dominance by 2022  (Read 2184 times)
the1arty
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September 25, 2018, 11:30:02 PM
 #161

80%-20% is a good rule, but at least there are 100+ good and worthy projects (and they take a decent piece from the market cap) at this stage of the market development, but we will see what will be later on.
Agreed, that some of that capitalization is totally fake and I believe it is not counted correctly, as if company's capitalization is 10m$, but there is 5k$ liquidity, it does not worth that much money for sure. In math terms, it's counted correctly, but there is no logic in such estimation. Any ideas how the capitalization should be calculated?
hachiman13
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September 25, 2018, 11:42:37 PM
 #162

It is quite possible to achieve 80% dominance for btc after the market has shaken of shitcoins in the gutter. However, some altcoins are fairly good so 20% to be shared for those might not be realistic. Even 50% dominance for bitcoin is enough IMO.
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September 25, 2018, 11:59:33 PM
 #163

This is crazy prediction , offcourse its possible because when ETF gets approved big institutions will invest in BTC ETF which will drive the price of BTC rapidly which naturally will cause bull run . But I believe in the future we will see less btc dominance because more and more projects are coming out each month
Ragnar Lothbrok
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September 26, 2018, 01:00:44 AM
 #164

if that happens, then I'm sure 50% even more altcoin will disappear, because they sell and leave altcoin and choose to invest in Bitcoin, so I doubt if in 2022 the Bitcoin domain will be 80%, because I'm sure in 2022 it will still a lot of coins that are better than Bitcoin, making people prefer to invest in altcoin rather than Bitcoin.
Bavaria
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September 26, 2018, 01:21:02 AM
 #165

Over the coming years a number of independent projects will increase explosively.
That will take away many %% of dominance. Just my opinion.
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September 26, 2018, 01:25:51 AM
 #166

Yes. BTC dominance can happen and it can be beneficial to everyone in the crypto world. Increase on bitcoin's price can really affect the alternate coins per dollar value. Although this could result into some alternate coins to disappear because of the aggressive competition, this will filter low quality coin and the bar for excellence on crypto will be raised. Quality over quantity. We don't need that many alts.  Cool

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September 26, 2018, 01:28:24 AM
 #167

indeed all cannot be known with certainty and is difficult to predict. all just assuming without certainty. I think positive thinking is also very good to encourage enthusiasm that assumes as you wish.

 
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September 26, 2018, 01:44:17 AM
 #168

Over the coming years a number of independent projects will increase explosively.
That will take away many %% of dominance. Just my opinion.
For sure, bitcoin maybe the king but it will not continue to dominate the market, and it's not healthy when its dominance will increase like that
as it would not make the altcoins grow. In terms of technology, bitcoin is outdated but it's the most trusted coin because it was the first to be popular, in the long run, people will get more matured and they will also begin to appreciate altcoins.

chocopapaya
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September 26, 2018, 01:52:54 AM
 #169

I don't know, all of these predictions of btc dominance in the future and btc being worth over $100,000 seem far fetched to me.
We got our first glimpse of what btc would be like if started to get mass adopted last Jan. when btc transaction volume was skyrocketing.

lets just say...it wasn't pretty.
Do you remember confirmation times that would take hours?
How about those 20 to 30 dollar transaction fees?
Does any of that seem practical to use in the real world?

On top of that, just the cost and energy it takes to maintain the btc blockchain is more than a small country.

So think about this, if it's too expensive to maintain, too expensive to use for normal transactions, and takes hours to do it, who would ever want to use it?
Also, this is just where we are now, imagine if btc really started to get used in the mainstream.

mazdafunsun
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September 26, 2018, 11:18:14 AM
 #170

Agree on,  that many altoins are scams and they will disappear from the market , but 2022 is 4 years from now and it is a long period in crypto. Until that some new star coins will appear with new technology and that is the process of crypto  evolution. My prediction for BTC market share in 2022 is  15% - 20%

lol, you just want to make yourself believe that you will become rich from shitcoins.

Ok, let you imaginatoin run wild and say what kind of coins will rise so much in their tech advantages and popularity that they will dwarf BTC?
And lets skip protocol coins at the very begining since we all know that ICO bum is over .

prdn
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September 26, 2018, 11:22:35 AM
 #171

There's a long time ahead of us for 2022, maybe even bitcoin will die. I think bitcoin is very high in price and there is a lot of unnecessary coin in the market. in a long time, the first 10 external crypto coins will die
DeKingCrypto
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September 26, 2018, 11:27:20 AM
 #172

This prediction may be wrong considering the fact that there are many good altcoins emerging these days. Although Bitcoin has stood out as the King of Crypto, others like Ethereum and even Ripple also have massive supporters. Well lets see till then.
BitRewardsTeam
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September 26, 2018, 11:34:41 AM
 #173

Over the coming years a number of independent projects will increase explosively.
That will take away many %% of dominance. Just my opinion.
For sure, bitcoin maybe the king but it will not continue to dominate the market, and it's not healthy when its dominance will increase like that
as it would not make the altcoins grow. In terms of technology, bitcoin is outdated but it's the most trusted coin because it was the first to be popular, in the long run, people will get more matured and they will also begin to appreciate altcoins.

To my mind, it will be smth kind of digital gold, which will be some kind of value and an asset.
Betwrong
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September 26, 2018, 11:42:17 AM
 #174

I don't think so, because in 2022 the BTC dominance will actually drop below 50%, because people have switched to invest in altcoin.

Of course people will invest in altcoins, the question is how much compared to investing in BTC. The vast majority of people has not been dealing with any crypto at all. It would be safe to assume that by 2022 the situation will change drastically, and at least 10% of the world population (compared to today's 0.5%) will be actively using cryptocurrencies. But since it takes so long for most people to develop their trust in the king of all cryptos, surely the newcomers will be wary of dealing with other coins at fist. Therefore I think OP is right, 80% BTC dominance by 2022 is pretty much possible.

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Schirer
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September 26, 2018, 11:45:54 AM
 #175

So many people want to believe in altcoins so badly, dont be blind people, you will lose your asses over them.
BTC is the king, ofcourse there is some promising alts but overall btc will have dominance and it is only rational.

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September 26, 2018, 11:54:45 AM
 #176

I hardly believe that the era of altcoins will end and bitcoin will cost $ 100,000. This is a very unlikely event. The reason is simple, you need a huge investment for such a rapid growth.

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September 26, 2018, 12:10:59 PM
 #177

it is not going to happen unless you stop calling market cap dominance Cheesy

otherwise as long as people use market cap as dominance and as long as it is super easy to create billions of shitcoins by clicking a button then bitcoin's dominance will continue to go down. by 2020 at least we will see  10000 altcoins with a total supply of probably around a thousand-trillion and bitcoin even with its price at $1 million won't even be able to have a market cap to compete with that much supply. Cheesy

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September 26, 2018, 12:13:05 PM
 #178

80% of the domination can be very hard for many altcoins because in that case they will have to disappear, because BTC will have many holders, and this is simply not allowed. Therefore, this simply can not happen.
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September 27, 2018, 02:00:55 PM
 #179

It is not possible to predict accurately but I do feel with lots of scam alts being washed away in future there will be some handful of altcoins which will hold significant dominance because it has to be that otherwise if we say 80-20 dominance of bitcoin then we are indirectly quoting that cryptocurrency is all about bitcoin only which is not the fact we want to be carried away in the future. Bitcoin has its significance and it should always dominate the market but not with that much difference.
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September 27, 2018, 02:09:29 PM
 #180

It would probably not be right if I did not support this, but it still seems to me that people are starting to invest in BTC, only after the start of new investor waves that can start very suddenly. Domination can be such I do not argue.
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