Do you think Altcoins will be a big competitor to Bitcoin?

[anshkumandhan]

I think this will not happen. Altcoins will never be a competitor for bitcoin. Because bitcoin is the king of all coins, which has already gained fame and trust in the crypto world. And due to this fame and faith, Bitcoin will remain till the end. On the other hand, most of the altcoins are losing their trust due to scams.

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[kaseygriffin]

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?

When trading volume of BTC in the market accounts for 55% there will happen. BTC will go to moon and suck blood all the altcoins. The market will bleed except BTC and the top 1 can trade with USDT.
My advice is that this time you should hold the BTC and wait for the miracle to happen.

[Lanatsa]

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?

When trading volume of BTC in the market accounts for 55% there will happen. BTC will go to moon and suck blood all the altcoins. The market will bleed except BTC and the top 1 can trade with USDT.
My advice is that this time you should hold the BTC and wait for the miracle to happen.

There is no miracle in bitcoin market they were all depending on the supply and demand.
Most altcoin are trying to become top of the list but they were just too young to get that position of bitcoin and most of it haven't prove anything yet.
So it is too impossible to reach the level of bitcoin but i do believe if bitcoin is not being supported by the rest of the people it might going down and the prices might not as high as today.

[Glomerulus22]

Yeah, strong alts can challenge BTC in the fight o the market dominance...but it will take approximately years or more, BTC is still the king and all alts are moving with him a falling with him. Lets wish BTC the brightest future!

[Rengga Jati]

i don't think so. bitcoin is the father of cryptocurrency. this is the most trusted crypto in the world. the usage is accepted in some companies as the payment method. as the technology and its advances, yeah probably the altcoins can compete with the btc, but seen from the value, bts has higher than them.

[kyakaatkaw]

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 so far, the other altcoins were competing well with bitcoin, but still they cannot surpass bitcoin and i dont think they're gonna make it though in the future because bitcoin is also the future currency in both crypto and fiat.

[Malamok101]

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 so far, the other altcoins were competing well with bitcoin, but still they cannot surpass bitcoin and i dont think they're gonna make it though in the future because bitcoin is also the future currency in both crypto and fiat.

Because big investors go to invest in bitcoin and they can't surpass the price of bitcoin, bitcoin is the king of cryptocurrency so its not easy to overtake the price of it.

[eagleman]

In the future there will be only one coin to prevail and that is bitcoin.
Lets stop comparing alts to bitcoin because bitcoin is the sure winner of these comparisons.
When bitcoin rises, you'll see that many alts will tank and that's the bitcoin dominance effect.

You should analyze at least part of the ico market of the company where certain coins are created on the erc20 platform, which are really in demand in society, how projects are being introduced into various spheres of human activity. But what can Bitcoin provide? If ethereum falls, then most of the cryptocurrency market will fall.

You are asking what bitcoin can provide?
Haven't you see the market on where it is depending, its bitcoin. Yes, ethereum smart contract can create a lot of erc20 tokens but don't miss on what coin has the biggest contribution.

[#Darren]

One day for sure. But not before 2020. The market dominance of Bitcoin is too big and to expect that any altcoin will overcome BTC within the next several years is silly. But in 2020 I hope we will see another king of the market.

[naidray]

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 not for another while. I think it will needs to be a long time before any altcoin actually rivals bitcoin, even ethereum that actually got really close to beating bitcoin at the height of the ICO frenzy can be seen very low right now even lower than ripple at times dropping to third.

Now, if you think about it even ethereum that got so much craze for it and increased in price insanely during the ICO frenzy where people funded ICO projects at hundreds of millions of dollars, bitcoin was still above it and did not dropped as much as ethereum. This tells me there needs to be a time when bitcoin actually fails itself before any other coin makes it to top.

Basically bitcoin will not be passed by some other coin because that coin is amazing, bitcoin will be passed by some other because it will do something bad itself and decrease in price while others go up, the only thing that can destroy bitcoin is itself at this point.

[longergou]

I personally think that Bitcoin and Ark are two different cryptocurrencies. Although many coins are imitating bitcoin, they have something that cannot be imitated, that is, bitcoin is not subject to any personal or team control!

[elloco4ever]

One day for sure. But not before 2020. The market dominance of Bitcoin is too big and to expect that any altcoin will overcome BTC within the next several years is silly. But in 2020 I hope we will see another king of the market.

You are right in future anything can happen but now bitcoin has the majority and dominance across the world. People need a change everywhere  as they hope it will bring joy to them. Same applies here as they will expect a good profit if altcoins rule the world.

[cudora]

They will be a great competitor, but not during the next years. Just look at the market dominance and you won't have any more questions. It is obvious that the majority of investors are in bitcoin now and I hope this would change soon.

[Osarman]

Personally, I think that Alt-Coins will never be as popular as Bitcoin, for Bitcoin the future.

Most times, when I see questions like this, I wonder if people understand that bitcoin is like the king here and altcoins are basically more like the followers, and in this case, the fact that altcoins are numerous in number and bitcoin is just one, makes the idea of having a stiff competition even between the altcoins to be huge, let alone, being able to compete with bitcoin.

Bitcoin do not see altcoin as a threat, but altcoin will always see each other as threats, as there are so many clones, which in the end only one will manage to thrive as the market gets more matured.

[lichnosam]

I think this will not happen. Altcoins will never be a competitor for bitcoin. Because bitcoin is the king of all coins, which has already gained fame and trust in the crypto world. And due to this fame and faith, Bitcoin will remain till the end. On the other hand, most of the altcoins are losing their trust due to scams.

I agree. If any altcoin could beat BTC, it would have already done it by now. It's a shame that altcoins are scamming people, but the market clears off them and soon only good coins will remain.

[Irvinn]

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?

Since the cryptocurrency is constantly and rapidly developing, and there are more than a thousand altcoins, it is logical to assume that in the future the level of capitalization between the coins will level off and there will be many candidates for leadership, about a dozen and they will often change each other, as now sometimes ethereum and ripple change each other . In such a situation of price domination, I think it will not. I believe that such competition will positively affect the cryptocurrency market.

[kickdapa]

No way as we know bitcoin is the base of all cryptocurrency and at this moment bitcoin dominating the market over 53%. Even altcoin price depends on bitcoin price movements. So there is no chance for altcoin to be a big competitor with bitcoin because of bitcoin itself its competitor.

[lorapalmer]

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 altcoins will dominate in the future and grab the leading positions unless bitcoin will get out of the market. Bitcoin is like a father of the crypto and will always be the strongest one. At the moment I don't see at the crypto market a strong competitor to bitcoin. Maybe in the future some day.

[minttop]

Definitely no! Altcoins aren't a competitor for bitcoin.
As for me most of them will disappear soon,so there is no way to be a competitor.

[JPSelzer]

All the coins evolve and bitcoin, too. Of course it also has its problems, but if it will fix it, it will stay in first place. But altcoins will also be actively developed and perhaps some of them will be able to compete with bitcoin itself.