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Question: Which currency will dominate the crypto market?
USD, of course
USD, but maybe USDx better
DELETED
USD, but only from early 2020
USD, since 2010
USD
THE Just another USD as a crypto
Maybe USD
USD, sure
World Wire
The tokenized Oil by IBM
DELETED
Other (please post your opinion)
RSK Smart Bitcoin
One of Bitcoins
Bitcoin
QTUM, because PoS, and because Smart Contracts engines
IOTA
OByte
USDT
Litecoin
ETH
ETH, but only if PoS algo running
DELETED
A new DAG crypto
Charm
Pledge
Seele
A PoS coin, because it is GREEN...

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Author Topic: Which currency will dominate the crypto market? Please vote!  (Read 2452 times)
ecnalubma
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October 10, 2019, 03:17:41 AM
 #101

I was confused of the pool maybe you should have remove some of the choices, but in my opinion Bitcoin will become more dominant in the crypto market because of its appreciating value although its not consistent but we witness its growth over time. I don't consider Tether as its close competitor because its only pegged to a dollar and don't have intrinsic value.
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October 10, 2019, 04:49:51 AM
 #102

Pay attention that USD losing dominance doesn't mean Bitcoin takes its place automatically. The Yuan, the EURO and maybe others will try to dominate, and maybe there will be a new currency will arise which is an aggregate of the USD, EURO, YUAN and a couple of other strong currencies. Bitcoin actually may be part of it, but it's unlikely. Bitcoin doesn't aim to replace the US dollar or any other top fiat currency. It aims to be a safe haven like gold, and an international currency that is used alongside national currencies. Bitcoin will worth more USD, but not because Bitcoin appreciates, instead the USD is just devaluing.

The main problem with BTC is that it's too unstable. It can literally go from $3,000 to $14,000 in some months. The Dollar and the Euro don't have these problems. One dollar is one dollar, it will not lose or gain a lot of purchasing power over night. BTC is great but not as currency, and because of this it cannot be dominant in any fiat currency market, but will remain dominant in the Crypto market.
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October 10, 2019, 07:17:19 AM
Last edit: October 10, 2019, 10:10:45 AM by Google+
 #103

USDT can have a very high trading volume like that because I think USDT can be used in many places and does not have a country limit as happened in bitcoin which has certain restrictions in some places, as long as the demand is very high then the volume can increase as happened at USDT.

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October 10, 2019, 03:56:44 PM
 #104

An interesting question, of course, but it is definitely impossible to answer it, since no one can predict what the market will be in the future. But according to Coinmarketcap statistics, it is clear that Bitcoin, Ethereum and XRP are leading
If cryptocurrency gets the chances of surviving, I think that bitcoin will be the main coin that will surely dominate the market and dominate all currencies because right now, it seems like it is the one that is the major coin that people have really relied on, when it comes to fiat system, bitcoin technology supersede them, and when it comes to cryptocurrencies, bitcoin is still their king.

Since Ethereum has been establish, they even came with the intention of sending bitcoin away from the market, but now, people would rather prefer to make all their transactions through bitcoin than to make any through Ethereum. If we are looking for an alternative to bitcoin in future, I think that is when we can think of making use of Ethereum s the alternative because we don’t have a choice.
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October 12, 2019, 01:31:37 AM
 #105

Bitcoin will dominate the crypto market now and next time, bitcoin is the king for all altcoin and always dominate with crypto market. Bitcoin have stable price than we look at altcoin some time can drop very lower price, many investor want to get safety with investment and buy bitcoin as their investment for the future with less risk by bitcoin price.
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October 12, 2019, 02:06:02 AM
 #106

Bitcoin will dominate the crypto market now and next time, bitcoin is the king for all altcoin and always dominate with crypto market. Bitcoin have stable price than we look at altcoin some time can drop very lower price, many investor want to get safety with investment and buy bitcoin as their investment for the future with less risk by bitcoin price.

There is no doubt that Bitcoin is the most stable cryptocurrency out there (if we exclude the stablecoins such as Tether and Pax). Earlier when there was turbulence in the market, people used to convert the altcoins to BTC, in order to save the net wealth. But with the popularity of Tether (USDT), Bitcoin has lost this role. People are no longer using Bitcoin to save them from market volatility, as they are having better options now (Tether.etc).
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October 12, 2019, 02:21:05 AM
 #107

There is a fine distinction between USD and cryptocurrencies as their nature is the anti-thesis of each other.

USD is regulated by the government and CENTRALIZED in nature. It is the main currency and medium of exchange of people residing in the USA with the Central Bank governing and controlling its supply in the market.
On the other hand, cryptocurrencies are DECENTRALIZED in nature having a limited cap and supply depending on the person who created such currency. Currently, cryptocurrencies are seen as an alternative option for payment but it cannot be regarded and viewed on the same field as currencies.

Excluding tokens and currencies, the cryptocurrency that will dominate the market will be BITCOIN due to its price and control in the market. Although there are altcoins that are on the green, the price difference of bitcoin compared to others is overwhelmingly significant.

R


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ashmodeus
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October 13, 2019, 08:07:56 PM
 #108

will i am not sure what u talking about.
bitcoin is created in cryptocurrency
and dollars created in fiat
bitcoin strengthened against the dollar due to high demand
bitcoin weakened against the dollar due to high investor sales
the value of bitcoin to dollars is price.
that the basic.
fiat cant be dominate crypto market because it fiat.
dominate, of course BTC already dominating crypto space since beginning.
about usdt?
it is a digital currency backed up from the original dollar, it is nothing more than a helper in the market to facilitate correction.
although,sometimes usdt have a bigger dialy volume than bitcoin,that does not mean usdt dominates the market.

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November 25, 2019, 09:44:46 PM
 #109

Pledge and Seele was added... Please vote!

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November 25, 2019, 09:52:43 PM
 #110

Pledge and Seele was added... Please vote!

i think no matter how many other alts you added, i guess the list is more than enough for your poll because the reality is nothing beats BTC til now. so you are just adding others that dont really matter much.
they may be on the rise but for how long they will survive?
many crypto users dont even know that they exist and not even have a hand on them in trading.

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November 25, 2019, 10:44:29 PM
 #111

USD will dominate crypto market because many country look trusted and always use USD for every transaction on other country, never giving space with other currency make USD dominance on many country although have negative effect with their local money have increase lower price and USD look higher price, why not use other digital money for every transaction at the next time?

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December 25, 2019, 03:22:39 PM
 #112

USD single currency is the base of the market everyone can easily accept it. so, in my opinion, it can dominate the crypto market

Yes, the only US currency will dominate first is the dollar. As for cryptocurrencies, in my opinion, the dollar will dominate. But I prefer rubles.
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December 25, 2019, 03:41:57 PM
 #113

USD single currency is the base of the market everyone can easily accept it. so, in my opinion, it can dominate the crypto market

Yes, the only US currency will dominate first is the dollar. As for cryptocurrencies, in my opinion, the dollar will dominate. But I prefer rubles.

When currencies we are talking about USD will continue to dominate as it is accepted worldwide and when I think about crypto it will be bitcoin which will continue to dominate the way it is being doing for year and may continue it for more coming years.


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December 26, 2019, 02:28:35 PM
 #114

From the list you make if you have to choose, choose usd, eth, btc, ltc, iota, qtum.
others might show potential, but I'm not sure I'd choose them for long-term investments.
at least when the currencies I mention are ranked higher than the ones I didn't mention.
this means that they are the most stable among others, this is just an analysis that could be wrong.
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December 26, 2019, 03:43:49 PM
 #115

When discussing a daily trading volume, currently USDT dominates and that is evident when we look at Coinmarketcap (for now). but if discussing to overall dominance in the crypto market, it's definitely Bitcoin. why now USDT seems to dominate the daily trading volume? because following the crypto market conditions, trading on stable coins in my opinion is indeed felt safer (in the current conditions).

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December 27, 2019, 06:47:16 AM
 #116

I keep my choice, it's definitely Bitcoin. there won't be any kind of technology that can surpass the crowd's fomo. Only the crowd can create such a huge price for bitcoin. Do you see that?
I will tell you more about my thoughts. I think of bitcoin as a big trap created by sharks. It is a game and it seems to be attracting a lot of people and its price has pushed up quite high and the volume is also very large. other alts and usdt are just tools to push the price of bitcoin. So my opinion is that Bitcoin is really a big game, its price affects the whole crypto market and it is definitely the dominant coin.

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awik p
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December 27, 2019, 10:22:29 AM
 #117

When discussing a daily trading volume, currently USDT dominates and that is evident when we look at Coinmarketcap (for now). but if discussing to overall dominance in the crypto market, it's definitely Bitcoin. why now USDT seems to dominate the daily trading volume? because following the crypto market conditions, trading on stable coins in my opinion is indeed felt safer (in the current conditions).
Stable coins do not provide benefits, but in conditions like now with stable coins we can park our funds temporarily to wait for the best price to buy coins with high fluctuations, so we can maximize the profits achieved. for now people tend to hold on to monitor the situation then the stable coin they choose




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December 27, 2019, 11:07:42 AM
 #118

I think now and later bitcoin will always dominate the cryptocurrency market because bitcoin is the first, the main and always the reference coin in the cryptocurrency market.
but at a time when the bear market is like a USDT trading volume bigger than bitcoin. I think it's natural because some crypto investors and traders will secure their assets from  fluctuations using stable coins. but in general it is still bitcoin that will dominate the crypto market.

 
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henrybek3
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December 30, 2019, 04:59:17 PM
 #119

I don't think a government-supported cryptocurrency will dominate the market. Blockchain can already reveal a stateless society. As long as Bitcoin is strong, no one can rival it. States can be crushed under bitcoin.
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December 30, 2019, 05:34:42 PM
 #120

I don't think a government-supported cryptocurrency will dominate the market. Blockchain can already reveal a stateless society. As long as Bitcoin is strong, no one can rival it. States can be crushed under bitcoin.
Indeed. Bitcoin will remain the top cryptocurrency in the market because it is the first ever cryptocurrency that was ever made. A lot of coins already tried to replace bitcoin but no one succeed that even half the price of bitcoin they did not able to exceed, that is why no matter how many times bitcoin dumps it's price it will still remain dominate the crypto market.
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