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Author Topic: Do you think Altcoins will be a big competitor to Bitcoin?  (Read 1395 times)
akashark
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September 26, 2018, 11:01:01 AM
 #1

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?

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September 26, 2018, 11:05:51 AM
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Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?
It will not, altcoin is about pump and dump. bitcoin has been holding a very strong value consider about the fact that bitcoin has been jused by so many crypto users to store their value. I thought that the bitcoin dominance will remain the same. ripple gets ridiculuos pump and that gives more to the altcoin dominance.

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September 26, 2018, 11:10:46 AM
 #3

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?

i think there is no competition i bitcoin or altcoin even ethereum, bot of them have a great project, but since bitcoin and ether using as a universal coin. many of this project think that they ar competing each other.
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September 26, 2018, 11:10:56 AM
 #4

Never ever. Altcoin will never be a competitor to Bitcoin. BTC is a coin that already achieved much fame and trust among crypto world, so it will remain till the end. On the other hand, most altcoins are losing faith just becasue of shitty development or scams. The gap between these two is huge which will never be covered by the alt market.

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October 13, 2018, 06:14:57 PM
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I think that bitcoin will always be in the first places, it is a kind of dollar to which all other coins will always be tied, and no one can bypass it
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October 16, 2018, 10:49:17 AM
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Not really, bitcoin is just one coin and there are thousands of altcoins in the market and yet bitcoin is still maintaining over fifty percent dominance in the market, that goes to show you that no matter how many altcoins are put in the market, bitcoin will always be in the lead and bitcoin will always be the better choice out of both of them.

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October 16, 2018, 11:08:19 AM
 #7

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?
I don't think that the altcoin can become a competitor of BTC. At present, almost all cryptocurrencies must be exchanged for legal currency through BTC.

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October 16, 2018, 11:44:41 AM
 #8

50% dominance is not that much, for a coin to claim no competence it would need a very high level of dominance, like 90%. But in any case, the marketcap is incorrectly called dominance.
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October 16, 2018, 11:48:14 AM
 #9

maybe if altcoin can develop a lot of prices and altcoins there is one coin that could potentially be able to defeat altcoin but that requires a process and now bitcoin still dominates cryptocurrency rather than altcoin.

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October 16, 2018, 11:53:17 AM
 #10

Actually if Altcoin would be a strong competitor for bitcoin, it would be yes and I think it's natural! But if Altcoin will dominate the crypto market, I don't think so. It will be a difficult step for altcoins if they have to shift the popularity of bitcoin in the future. However, bitcoin will continue to dominate the market. Bitcoin is the king of cryptocurrency for a very long time.
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October 16, 2018, 11:58:11 AM
 #11

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?
I don't think that the altcoin can become a competitor of BTC. At present, almost all cryptocurrencies must be exchanged for legal currency through BTC.
It can because they have the same possibilities to compete with bitcoin but they must become independent and not getting any impact caused by the bitcoin movement. It's a very difficult thing to do that. It can be done when there was an altcoin that has backed by a real valuable thing just like the gold.

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October 16, 2018, 12:00:37 PM
 #12

I believe that Bitcoin has no competitors. Because bitcoin is a leader this is the best coin. In which to always invest. I am sure that until the end of the year Bitcoin will be about $ 10,000.
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October 16, 2018, 12:07:22 PM
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No, I don't think that Alts may be a big competitor for btc in the current situation as btc will still be the only crypto coin to dominate in the crypto world. Bitcoin is the only crypto currency that is responsible for every market movement in this current situation. All altcoins really depend on btc's market condition and this is the usual basis for the alternative coins market trend.

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October 16, 2018, 12:11:11 PM
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It seems to me that Bitcoin will always dominate and will not give up its position to anyone!
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October 16, 2018, 12:11:22 PM
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Dominance in context of what? Price? Adaptability? Technological dominance?

Bitcoin has been the first cryptocurrency, it has more trust in general amongst the masses, it is deflationary in nature(other AltCoins can also have this property).

Cryptocurrency in general are not backed by any physical asset, say petrol price depends on the demand supply, similar for gold etc. But the price of cryptocurrency currently depends on the adaption amongst the masses, till it actually starts providing tech bases solutions (decentralised system) and it starts getting adapted.

Coming back to the original point, Will AltCoins Dominate? No they won't, reason, they will always have less adaptability then Bitcoin. Yes Eth has a strong developer community support and it is focusing more on developing the decentralised ecosystems.
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October 16, 2018, 12:12:32 PM
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Yes they are and if not the market cap will not be shared and more so , some alts are taking in to consideration what Bitcoin miss when it started and some bug in it to make a better option like the time of blocking which is 10min for btc are even just 1min for some alts which is a competitive act to show how fast they are compare to btc and the rate of trx fees which is very low compare to btc and doge , this are some way they are being made a rival to btc but since btc is the first and the largest ,that is why it still share a large marketcap compare to alts.

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October 16, 2018, 12:29:13 PM
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I think not. No matter how potential and powerful altcoins are, they are altcoins. Bitcoin is far different from altcoins. Btc is the only one that can lead the market as of now. So far no altcoins is the same as bitcoin.

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October 16, 2018, 12:48:14 PM
 #18

to compete with Bitcoin it's still too early Altcoin will be like Bitcoin, because Bitcoin has spread everywhere, to stop it is very unlikely. it takes time and it's still not time
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October 16, 2018, 12:58:55 PM
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I don't think anyone is a competitor of bitcoin, because bitcoin is the parent of all coins, and until when you will not compete with bitcoin, everyone said ethereum would exceed bitcoin but the fact is now the price is very low.

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October 16, 2018, 01:05:35 PM
 #20

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?

Well, as many have said such a gap just does not close. Yes, if Bitcoin leaves. Someone will still take his place, and the rest of the currency will be equal to each other. I think this gap is not yet reduced. In the next 5 years for sure.

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