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Author Topic: Do you think Altcoins will be a big competitor to Bitcoin?  (Read 1395 times)
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October 16, 2018, 01:06:21 PM
 #21

Yes, alcoin can definitely be, because most altcoin are structured to function like bitcoin, there are a lot of altcoin all around now trying to meet up with bitcoin, just that bitcoin  has been the best even till date. If bitcoin slacks in its upgrade other altcoin may take over.


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October 16, 2018, 01:09:37 PM
 #22

I think some altcoins (like ethereum) can be a competitor to bitcoin but for now there is no such thing because bitcoin is the strongest crypto.
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October 16, 2018, 01:10:28 PM
 #23

it can happen, seeing a lot of altcoins that have very good development for now, but being a competitor for bitcoin for now is just a dream for the altcoin, because they can't catch up with the price, but in the future, maybe many altcoins are more popular than bitcoin, but, still, bitcoin will never sink
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October 16, 2018, 01:13:43 PM
 #24

Yes, altcoin can definitely be, because most altcoin are structured to function like bitcoin, there are a lot of altcoin all around now trying to meet up with bitcoin, just that bitcoin  has been the best even till date. If bitcoin slacks in its upgrade other altcoin may take over.

You are right, altcoins may a tough competitor to BTC like ETH, XRP, there will be a good game in future. But bitcoin is dominating right now also it is leading from the front in crypto market. Anything can happen in future let's wait and see.
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October 16, 2018, 01:15:05 PM
 #25

in terms of competition, of course there will be in the market and we can see how many people are interested in bitcoin and altcoin, and every competition that happens is certainly not going to be easy for the altcoin.

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October 16, 2018, 01:19:13 PM
 #26

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?

The bitcoin and altcoins will coexist in the future as they each serve different purpose and they need each other.  Bitcoin is for storing funds while altcoins are more used by general people in daily lives.  Some Altcoins also offer smart contracts and token creations which are useful for institutions and big companies who want to have their own tokens.
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October 16, 2018, 01:39:10 PM
 #27

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?

Yes altcoins were competing Bitcoin but its not make sense seems no impact because Bitcoin still dominate the price of cryptocurrency , thus altcoins are competing each others .

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October 16, 2018, 09:58:43 PM
 #28

The competition is on, and Altcoins are sure to be a major competitor to Bitcoin, An Altcoin with a viable and productive service/product in demand globally can surpass the demand for BTC, Thou this might take a while for lot of ICO roadmap to be accomplish, but as the space evolve, good projects are sure to deliver an hedge in the crypto space.

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October 17, 2018, 08:30:14 PM
 #29

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?
In future altcoins may dominate cryptocurrency market if you observe some altcoins they actually have the potential to lead crypto market but that will be later in the future not in the nearest future.

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October 17, 2018, 08:32:23 PM
 #30

As a pure cryptocurrency, no other altcoin even comes close to matching Bitcoin. The only crytocurrencies that could come close in terms of utility and market cap are ones that use smart contracts to host decentralized applications. However, this is not a fair comparison, as it's comparing apples with oranges. I don't believe we'll see a pure cryptocurrency compete with BTC any time soon.

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October 17, 2018, 10:09:36 PM
 #31

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?
Yes, Altcoins will always compete with Bitcoin. This is good in principle, since healthy competition always leads to the growth and improvement of cryptocurrency. If Bitcoin will not be improved further, then such competition can always lead to the fact that a more perfect coin can take its place as the leader of cryptocurrency. This is the law of the market and it has not been canceled yet.
The most promising for this may be ethereum, especially if the planned improvements will be implemented in this coin.

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October 17, 2018, 10:20:17 PM
 #32

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 altcoin can't beat bitcoin because we all know that alts have different coins and some of them rely in bitcoin so it's hard to say that there's a coin can't beat the bitcoin. Bitcoin is the king of all coin many coins rely on it and no one can beat to bitcoin.

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October 17, 2018, 10:27:09 PM
 #33

There are almost over 2000+ altcoins and here only bitcoin one side. Bitcoin giving tough compaction to altcoin. But with time altcoin getting more market share. After some years maybe Bitcoin not like today 50% market share.

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October 17, 2018, 10:31:20 PM
 #34

For now I don't see any altcoin that can compete with bitcoin in term of market dominance. They say that ethereum can beat bitcoin. But i think it will need a long period of time before it can beat bitcoin.

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October 17, 2018, 10:35:18 PM
 #35

For now I don't see any altcoin that can compete with bitcoin in term of market dominance. They say that ethereum can beat bitcoin. But i think it will need a long period of time before it can beat bitcoin.
We all know that bitcoin is the mother coin in crypto world and i do not think there is an altcoin will step up and replace bitcoin on the top even ethereum it wont happen. We can compare altcoin to altcoin but major coin to altcoin its not comparable.

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October 17, 2018, 10:43:33 PM
 #36

yes definitely. it is very good that Bitcoin has competitors because because of this, Bitcoin and the entire cryptocurrency market will progress

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October 17, 2018, 10:45:31 PM
 #37

Nope i don't think  it nobody can race of bitcoin in the coin market cap
We all knows aktcoins price will follow the bitcoin trend market affect
If bitcoin price down also altcoincan drop can dump their price
So how can altcoins competite bitcoin

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October 18, 2018, 07:03:38 AM
 #38

When the bitcoin started soaring I think another altcoin also soared and this will make the conditions be the same. probably will dominate the bitcoin because of many big investors in it. but altcoin also has many enthusiasts and it could even be said to be having a much better development of the bitcoin.

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October 18, 2018, 07:30:29 AM
 #39

Yes, alcoin can definitely be, because most altcoin are structured to function like bitcoin, there are a lot of altcoin all around now trying to meet up with bitcoin, just that bitcoin  has been the best even till date. If bitcoin slacks in its upgrade other altcoin may take over.

Come on mate look at the popularity and ruling of BTC in crypto market it is dominating more than 50% I guess. In trading up and downs are a part. BTC already started accepting payments in many spots. Popularity will never let down a reputed coin.
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October 18, 2018, 07:50:19 AM
 #40

The problem is there are too many altercoin, and most of them are just worthless and it's just pump and dump, some are basically solving no problem, and people have put in thier believe so much in Bitcoin, so for anycoin to compete, it's gonna be really difficult I must confess, but in near future something strange might happen but now we cannot say.
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