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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 2455 times)
mycryptocoin
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May 14, 2020, 02:42:20 AM
 #201

for me, Bitcoin is a King, lead the cryptocurrencies market. And you also see that, only Bitcoin is "real decentralized", nobody can control it and transparency

Negotiation
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May 14, 2020, 03:41:27 AM
 #202

for me, Bitcoin is a King, lead the cryptocurrencies market. And you also see that, only Bitcoin is "real decentralized", nobody can control it and transparency

I agree with you that even though all other currencies in the crypto market are controlled no one can control Bitcoin. Bitcoin tops the list We will definitely go with Bitcoin too but Ethereum's position is much better like Bitcoin's. This is the price increases depending on the conditions of the market No one can control.
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May 14, 2020, 03:45:43 AM
 #203

Know that USDT's volume is almost the highest in the market but it is not the key coin that decides where the market will go. Many people have a need to trade USDT because it is safe and can sell at a higher price on the black market but the risk is extremely low. But it's just a reputable stablecoins and many people want to use it to buy the coins they like to hold. and Bitcoin will still dominate the crypto market because its price is easily manipulated by those who have lots of money.

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May 14, 2020, 06:59:08 AM
 #204

for me, Bitcoin is a King, lead the cryptocurrencies market. And you also see that, only Bitcoin is "real decentralized", nobody can control it and transparency
I agree with you that even though all other currencies in the crypto market are controlled no one can control Bitcoin. Bitcoin tops the list We will definitely go with Bitcoin too but Ethereum's position is much better like Bitcoin's. This is the price increases depending on the conditions of the market No one can control.
I'd add that Ethereum's position is much better than bitcoin's actually.
Because bitcoin is slowly going out of date with non updated technologies inside of it.
On the other hand ethereum is constantly being updated and reworked and improved in all senses, so it got much more chances to live through this decade
Naida_BR
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May 14, 2020, 11:26:49 AM
 #205

It seems to me that it’s quite problematic to predict anything now.
Why do you say so?
We have clear indications that we are entering a new financial crisis. Sooner or later a bubble is going to blow for a country that has problems paying its debts. This is going to weaken fiat currencies at least fo the country that has problems.
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May 29, 2020, 03:06:44 AM
 #206

This is very obvious. Bitcoin is already leading the market with a cap of almost 50% of the entire cryptocurrency market. This dominance is not ceasing any time soon and Bitcoin will lead the market for years. Ethereum will close in the gap when it launches its Ethereum 2.O but that will not even surpass BTC dominance.

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May 29, 2020, 05:51:04 AM
 #207

I think BTC is the dominant currency in this cryptocurrency market. Because mentioning cryptocurrencies is people thinking of BTC. I think BTC is the king in the cryptocurrency market now and in the future. I noticed that a sharp increase or decrease of BTC affects the value of other altcoins in this cryptocurrency market.

BTC is always the highest above all as a currency, but there are more cryptocurrency that has a potential to become an alternative for bitcoin in the market. There are a lot of new digital currencies that are existing in the market right now, most of them can also give you profit if you learn how to manipulate them properly.

But BTC is still the best although it's volatile, the profit that it can give you during spike in price is really huge enough compared to those altcoins. You just need to deal with its volatility, adjust, adapt and manipulate it properly so that you have reasonable results that you will benefit of. 


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May 29, 2020, 07:32:39 AM
 #208

This is very obvious. Bitcoin is already leading the market with a cap of almost 50% of the entire cryptocurrency market. This dominance is not ceasing any time soon and Bitcoin will lead the market for years. Ethereum will close in the gap when it launches its Ethereum 2.O but that will not even surpass BTC dominance.

Bitcoin dominated a lot of other currency long time ago, but bitcoin has a lot of work to do for itself to develop and become better over time. It is somehow the most popular and best cryptocurrency in the market but it still experience downward in price depending on the factors. I guarantee you to work on some altcoins so that you have a back up, for me, next to bitcoin is ETH.

ETH is really effective also in the market, you can get profit from it if you manipulated it properly, but not as high as bitcoin. Small progress is still a progress, although ETH can't give you huge profit like bitcoin, that altcoin has a potential to become more popular than bitcoin, we don't know what can this coins can do in the future.

Never underestimate other altcoins, but for the mean time, prioritize bitcoin because it is really effective in the market.

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August 08, 2020, 07:46:52 PM
 #209


Never underestimate other altcoins, but for the mean time, prioritize bitcoin because it is really effective in the market.

I think tether will play a vital role in the market cap in the upcoming years. Though it is only 2-3% now but it will grow by the time. The other cryptocurrency prices are too much dependent on the BTC price so the other altcoins will not going to dominate in the near future. Even the ETH, despite of being such a useful coin does not shows independent price growth. 


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August 08, 2020, 10:20:07 PM
 #210

My selection was bitcoin, ether and usdt are the ones that I think will be leading the market for a long time. In fact, the most popular pairs are BTC, USDT, ETH and it is good that it is that way because we can encourage more people to join our space to learn about these important digital assets.

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August 09, 2020, 07:19:43 AM
 #211

I think it will be Bitcoin. The first cryptocurrency in the world is unlikely to loose its status one day.

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August 09, 2020, 06:12:19 PM
 #212

My selection was bitcoin, ether and usdt are the ones that I think will be leading the market for a long time. In fact, the most popular pairs are BTC, USDT, ETH and it is good that it is that way because we can encourage more people to join our space to learn about these important digital assets.
My take on the dominance is always bitcoin and the top two fork of bitcoin will be along with it, ETH will be the next coin in the market that is dominating the market but when it comes to USDT people usually purchase the coin to hold the value while trading cryptocurrency and you cannot expect USDT to dominate for a long time, if there is a more trust able stable coin people will switch over to that.
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August 09, 2020, 09:08:34 PM
 #213

Bitcoin will be a dominating legit coin but if you just look at the market cap it's going to be USDt or one of those other stable coins that they can print out of thin air as much as they want. Most fiat money have boundaries because the governments know that if they print too much they'll go into hyperinflation and will turn the country into chaos. A company that creates a stablecoin doesn't have such concerns. They can make 1 billion and then file for bankruptcy just like that.

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August 09, 2020, 09:38:28 PM
 #214

Bitcoin will be a dominating legit coin but if you just look at the market cap it's going to be USDt or one of those other stable coins that they can print out of thin air as much as they want. Most fiat money have boundaries because the governments know that if they print too much they'll go into hyperinflation and will turn the country into chaos. A company that creates a stablecoin doesn't have such concerns. They can make 1 billion and then file for bankruptcy just like that.

But looking at the popularity of usage, bitcoin dominates among them. How many merchants are accepting bitcoin as compared to USDT? Also, how many people are familiar with the use of bitcoin vs USDT? Bitcoin has fixed supply while USDT keeps on increasing. So which one do you trust more, a coin owned by a group of individuals or the mother of all coins that has no owner?
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August 10, 2020, 07:56:28 AM
 #215

"USD, but USB maybe better."

What's a USB?

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Vishnu.Reang
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August 10, 2020, 12:50:20 PM
 #216

"USD, but USB maybe better."

What's a USB?

May be a typo and might have meant USDT (Tether). But then, I don't understand the logic behind investing in stablecoins. It is an indirect way of investing in fiat currency. If you want to invest in fiat currency, then why can't you invest in them directly? Either you can open a savings bank account, or you can store banknotes and coins yourself. What's the need for an indirect investment type such as the USDT?
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August 10, 2020, 01:28:06 PM
 #217

I have always had the same opinion that Bitcoin will dominate the crypto market. It can be seen from the market cap
Bitcoin is the highest compared to other cryptocurrencies. Based on data from the coinmarketcap site Bitcoin dominance
is 60.4%. This is another proof that Bitcoin will dominate crypto market.

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August 10, 2020, 01:59:27 PM
 #218

Could be interesting to see what happens 5, 10 years from now. I definitely see a future where blockchain technology is adopted, but decentralization is unable to make it big. We've already seen countries like Venezuela, China, and other ones start to adopt new currencies and even start making their own.

I envision a world where each big country (China, USA, etc) have their own centralized currency, and BTC is a popular secondary currency that some people prefer, but I wouldn't think it'll be popular then the centralised currencies.
Agree and it looks like China is going to be first by a long shot...USA not even close since we are distracted with a few other things  Roll Eyes

https://cointelegraph.com/news/chinas-national-blockchain-network-launches-international-website
Quote
China’s blockchain-based Service Network (BSN), the country’s nationwide blockchain project, has just launched an official international website.
Google and AWS are among major BSN partners According to the website, the BSN project is planning to launch the so-called “Interchain Communication Hub” via IRITA interchain service hub and decentralized network Chainlink in October 2020.

From a bitcoin prospective I think these nationalized digital currencies will only help bitcoin by giving it visibility, but not really direct competition since it is a COMPLETELY different animal (centralized stable coin vs decentralized store of value) 
https://cointelegraph.com/news/expert-chinas-digital-yuan-will-target-the-dollar-not-bitcoin
Quote
“There is a leapfrog opportunity” here, he said. “DCEP’s not about Bitcoin. It's about potentially internationalizing renminbi, at least to some extent.”

China is a in a more unique position to get its digital yuan accepted too. While times have changed since 13th century China's still have a strong ability to 'influence' its population
https://fortune.com/2020/08/10/china-digital-currency-electronic-yuan-bitcoin-cryptocurrency/  (paywall on full article unfortunately, but interesting read)
Quote
In the 13th century, Kublai Khan, the Mongolian emperor who founded China’s Yuan Dynasty, upended monetary convention with a magisterial edict: Accept my money, or die.

ifinta (OP)
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August 10, 2020, 03:46:27 PM
Last edit: August 11, 2020, 02:46:45 AM by ifinta
 #219

"USD, but USB maybe better."

What's a USB?

May be a typo and might have meant USDT (Tether). But then, I don't understand the logic behind investing in stablecoins. It is an indirect way of investing in fiat currency. If you want to invest in fiat currency, then why can't you invest in them directly? Either you can open a savings bank account, or you can store banknotes and coins yourself. What's the need for an indirect investment type such as the USDT?

Or USDx Cheesy
(( I am curious, in which level say's FED "no any USDx more on Open Ledger's" ... Just only a remark today ... ))

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August 10, 2020, 03:54:26 PM
 #220

I actually can't think about on what currency will reign superior over Cryptocurrency since the both of them can continue to co-exist. We know that every country has their own local currency and Cryptocurrencies can be converted from it vice-versa which is a good thing since it is flexible in that way.  I still believe that every currency have the capability to co-exist with Cryptocurrency since the world is not yet ready for transitioning into the Digital Age.

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