Will BTC defeated in 2019?

[tansaneehongkao]

I dont see any reason that btc will be defeated by the altcoins just saying my thought

[Juggy777]

At the start of this year, Bitcoin was waging a lone battle for dominance, against the 10,000+ different altcoins and tokens. It was weakened by forks such as BCH, BTG and BSV. Even after all this, the altcoins were unable to defeat Bitcoin. The dominance has increased from around 50% to 66% as of now. The market share of the alts, meanwhile has gone down from 45% to 29%.

@Vishnu.Reang at the start of year Bitcoin prices were in bear mode, and many people dumped their coins fearing the worst hence bitcoin had started to loose dominance in the crypto market. As the year progressed investors began to buy bitcoins in the hope that it would rise, and it didn’t disappoint as it rose from $3k up to $13k levels. It is due to these kind of returns that investors love investing their money in bitcoins, and hence I don’t expect bitcoins dominance to ever end.

[robelneo]

We are already halfway of this year and I don't see Bitcoin being defeated by any coin under any circumstances, Bitcoin still enjoys the full support of the community and the volume is still very high they have almost 50% of the market and it will be that way for more years to come.

[Vishnu.Reang]

The worthless tokens were sinking themselves and dragging BTC along with them to the grave. I am glad that the situation has changed. Users have cemented the barrier between alts and Bitcoin, and it is evident from the recent price movements. As claimed by the OP, many of the new tokens don't have anything other than (often plagiarized) white papers to show, and they are being shown the rightful place by the Bitcoin users.

[imstillthebest]

The worthless tokens were sinking themselves and dragging BTC along with them to the grave.

they arent sinking themselves but people that sells are the reason to thier fall . that isnt also the reason in why btc goes down  .

Re: Will BTC defeated in 2019?

we are on the year 2019 and i can see that btc still takes the lead  . there were no coins that are yet born to defeat btc but i heard that people are speculating about libra/fb coin  .  the said coin can be a blockage or an obstacle for bitcoin  . well see if how things go  .

[Vishnu.Reang]

The worthless tokens were sinking themselves and dragging BTC along with them to the grave.

they arent sinking themselves but people that sells are the reason to thier fall . that isnt also the reason in why btc goes down.

Have you asked yourself why everyone is trying to sell them? If they had any future potential, do you think that everyone would have rushed to get rid of them? The truth is that the ICOs generated so much of negative publicity, and in the end it had an impact on the whole crypto-market. And this was the main reason why Bitcoin went down by 85% during 2018.

[Freny250]

Bitcoin and blockchain is new technology that is set to disrupts major system,  it is normal if it suffers this kind of initial challenge,  but i assure you that bitcoin and blockchain is here to stay and wil not die any time soon

[Nhebu]

Crypto currency seems to cold down these days and many people have lost faith in the past few months...

People find most token are fake indeed, what they have was just a whitepaper.

I think most of them will die in the next year.

But what about Bitcoin?

As the first and the most influential one, Bitcoin is still weak with numerous restrictions.

Maybe it will fall into the ground due to the political factors, or beaten by other token which is better.

 

It was proven that bitcoin can't be defeated by any coin. Soon or later, if ever libra will be the trend of digital currency. But right now, no one can dethrone bitcoin. Specially that people really likes the way it been invented. A lot of people even whales are invested right now. In fact, bitcoin grew 3x than its price.

[omone1]

Nobody is defeating bitcoin. More bigger companies are planning to support bitcoin because they want their businesses to stay sustainable. The price fluctuation is a normal periodic process for the bitcoin and as such smart investors make good money from the volatility.

[bitbunnny]

It's so funny how opposite thoughts people have about Bitcoin. Some said that 2019 will be revival year for Bitcoin, the next best after 2017 and some say that in 2019 Bitcoin will be defeated.
Although the year is still ongoing we can easily say that is neither of these happened and probably will not.
Bitcoin will not reach 20000$ this year but  also no other coin will move Bitcoin from the throne. And neither of these will not happen any time soon.

[djkyno]

Bitcoin's dominance is the highest during this year, and despite the market is still unstable right now, but BTC have the potential to reach the highest levels of success during the coming years. There aren't any cryptocurrency which can replace Bitcoin, it is now only defeated by fiat currencies.

[Jorge158]

We’re already in the latter part of Q3 2019 heading towards Q4 2019 yet Bitcoin is showing good status on the market. In fact, 2019 has been a good year for the entire market looking at what happened in 2018. The great resistance towards the 2018 bear market in 2019 proved much success by boosting the price of BTC to the $10K price mark in Q3 2019. Bitcoin is more than alive and will see more rises in price.

[bryant.coleman]

The worthless tokens were sinking themselves and dragging BTC along with them to the grave.

they arent sinking themselves but people that sells are the reason to thier fall . that isnt also the reason in why btc goes down  .

Classical altcoin strategy of blaming the investor rather than the team that is developing that particular altcoin. If an altcoin (or a token) is constantly being updated against bugs and known issues by the team, then the chances are that there will be a demand for it in the market. It will not sink like the shitcoins such as VeChain, Holo and Waves.

A good example is Deep Onion. It is one of the smaller altcoins, having a market cap of just around $3 million. It doesn't even rank among the top 500 coins in the Coinmarketcap ranking. But still, this altcoin has built a small but loyal community of users and the development team is still working very hard in updating the coin. As a result, the prices have remained stable during the last 3 months, despite most of the other alts losing their value by 50% or more.

[Vishnu.Reang]

Check the charts for Bitcoin so far this year and you will get the answer. I am not just talking about the exchange rates. Consider trade volumes, number of users, mining hash rate and market share. In every metric, Bitcoin is miles ahead of its competitors. And don't forget the upcoming block reward halving, which is due in less than an year from now.

[dengpei]

The market seems more settled now as compared to 2018 as there is now a clear distinction between BTC and the Alternative coins and tokens, the shitty ones seem to have sunk into oblivion and the ones that remain have finally moved within their real price range. BTC will remain undefeated as it has withstood the test of time.

[fiulpro]

No
The market is seeing very positive results , the price as compared to previous year is increasing at the same time governments are not banning the bitcoins straight away .. they are taking their time considering how the situation was in 2017 and 18 .. governments are reusing and reinstating the laws regarding bitcoins ..I think this is a good sign ..
It won't die..ofc.

[Jating]

No
The market is seeing very positive results , the price as compared to previous year is increasing at the same time governments are not banning the bitcoins straight away .. they are taking their time considering how the situation was in 2017 and 18 .. governments are reusing and reinstating the laws regarding bitcoins ..I think this is a good sign ..
It won't die..ofc.

Governments are afraid that it will go uncontrollable in 2017, that's why there was a lot of call during that time. But going forward in 2019, government tends to relax, although G20 summit meeting last June still requires countries to share certain information for the sake of regulations and KYC and anti-terrorism.

With that said, we all know that bitcoin won't die, although it has been declared dead many times. Investors are already in the market, average joe's like the majority of us and institutional money is already flowing in bitcoin. Indicative that it is not going to die, on the contrary if could survived until the last bitcoin is mined.

[seanskie18]

I don't think so, Bitcoin will remain to the top highest in the market and if you check the chart for Bitcoin at this moment you will be satisfied. I believe Bitcoin will exist a long time because it is popular now and a lot of people invest for it that's why it's hard to defeat Bitcoin.

[Renampun]

This news indirectly makes Bitcoin stronger in its position in 2019;
https://www.theguardian.com/technology/2019/jun/18/libra-facebook-cryptocurrency-new-digital-money-transactions
https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/
 
when talking about cryptocurrency people will think it's Bitcoin, this is the reality on the ground.

so, Bitcoin cannot be defeated, Bitcoin will always dominate the place even though new cryptocurrency continues to emerge.

[Duzter]

This news indirectly makes Bitcoin stronger in its position in 2019;
https://www.theguardian.com/technology/2019/jun/18/libra-facebook-cryptocurrency-new-digital-money-transactions
https://www.forbes.com/sites/michaeldelcastillo/2019/08/27/alibaba-tencent-five-others-to-recieve-first-chinese-government-cryptocurrency/
 
when talking about cryptocurrency people will think it's Bitcoin, this is the reality on the ground.

so, Bitcoin cannot be defeated, Bitcoin will always dominate the place even though new cryptocurrency continues to emerge.

The bitcoin dominance stands high close to 70% which itself confirms the growth it has attained compared to the altcoins. Over the past few days the dominance level gradually decreased a little, and by that time there is small growth in altcoins. This means there is small flow of investment from bitcoin to altcoins. However it is hard to make the growth get defeated by altcoins, the prediction for the year is to reach a new ath or reach around $7000.