At which price will loose Bitcoin the dominance in the Crypto Market?

[Pinkris128]

In my own personal opinion, it is impossible for bitcoin to lose it's dominance because a lot of people are putting most of their money in bitcoin than altcoins and a lot of people are depending on bitcoin, so if bitcoin will have a chance to lose it's value definitely every cryptocurrency in the market will also lose it's value.

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[Barbarian]

In my own personal opinion, it is impossible for bitcoin to lose it's dominance because a lot of people are putting most of their money in bitcoin than altcoins and a lot of people are depending on bitcoin, so if bitcoin will have a chance to lose it's value definitely every cryptocurrency in the market will also lose it's value.

The dominance of bitcoin over this market seems like it is going to last as long as this market keeps existing, many coins in the past claimed to be better than bitcoin and at that time many people believed in those claims but years later we understand that there is only one bitcoin in this market and it seems as if it is never going to be surpassed so even if the price of bitcoin were to crash now no coin will take its place and this market will simply disappear.

[Betwrong]

Bitcoin's current market cap is above 66% of that for all the other altcoins combined. Even if it went down to, say, 40%, BTC still would remain dominant in regards to market capitalization. Bitcoin is the most trusted coin among crypto currencies, and, in fact, all the other alts owe BTC that they are getting any adoption at all. Can any of them replace the king? Maybe, but not in this universe, where, apart from being number one already, Bitcoin has the best team of developers around.

[Karmakid]

Bitcoin's current market cap is above 66% of that for all the other altcoins combined. Even if it went down to, say, 40%, BTC still would remain dominant in regards to market capitalization. Bitcoin is the most trusted coin among crypto currencies, and, in fact, all the other alts owe BTC that they are getting any adoption at all. Can any of them replace the king? Maybe, but not in this universe, where, apart from being number one already, Bitcoin has the best team of developers around.

Let's accept the fact that there will be the time that bitcoin will get replaced by a better cryptocurrency. It might be already existing or soon to be released by its developers. Bitcoin is like Nokia which is the pioneer of the cellphone and now it is replaced by the better ones like apple, samsung, huawei and many more. It is not about being the first or being the king, it is about the features and capabilities that you have an advantage on compare to others.

[moviebuff777]

For Bitcoin to lose domininance, the price would probably have to drop first. If the price keeps increasing, it’s hard for an altcoin to catch up but it is possible with a coin like Ethereum.

[Betwrong]

Bitcoin's current market cap is above 66% of that for all the other altcoins combined. Even if it went down to, say, 40%, BTC still would remain dominant in regards to market capitalization. Bitcoin is the most trusted coin among crypto currencies, and, in fact, all the other alts owe BTC that they are getting any adoption at all. Can any of them replace the king? Maybe, but not in this universe, where, apart from being number one already, Bitcoin has the best team of developers around.

Let's accept the fact that there will be the time that bitcoin will get replaced by a better cryptocurrency. It might be already existing or soon to be released by its developers. Bitcoin is like Nokia which is the pioneer of the cellphone and now it is replaced by the better ones like apple, samsung, huawei and many more. It is not about being the first or being the king, it is about the features and capabilities that you have an advantage on compare to others.

That's right, and that's why I mentioned the team of developers. Situations with Nokia and Bitcoin are incomparable, in my opinion. Nokia produced its first mobile phone in 1987, when there were no Internet, or, at least, there were no global internet as we know it today. Nokia, by no means, was regarded as a symbol of freedom and independence by smart people around the world, and even if it were so, those people couldn't cooperate so effective as they can today with the help of the Internet. That's why Nokia lost the game, and Bitcoin will win.

[worle1bm]

For Bitcoin to lose domininance, the price would probably have to drop first. If the price keeps increasing, it’s hard for an altcoin to catch up but it is possible with a coin like Ethereum.

Wrong! When the prices of Bitcoin falls, all other altcoins fall too. The prices of cryptocurrencies are determined by the trust of investors. When the prices of Bitcoins start falling, several holders start selling their bitcoins (weak hands). Such events reduce the overall trust of investors in crypto market. Eventually, other coins fall too. In percentage, bitcoin is still able to maintain its dominance.

So in short, it is wrong to assume that dominance has any correlation with bitcoin's price. Unless any other coin become excessively famous or some kind of flippening happens, bitcoin will continue to maintain its dominance at any price.

[Barbarian]

Bitcoin's current market cap is above 66% of that for all the other altcoins combined. Even if it went down to, say, 40%, BTC still would remain dominant in regards to market capitalization. Bitcoin is the most trusted coin among crypto currencies, and, in fact, all the other alts owe BTC that they are getting any adoption at all. Can any of them replace the king? Maybe, but not in this universe, where, apart from being number one already, Bitcoin has the best team of developers around.

Let's accept the fact that there will be the time that bitcoin will get replaced by a better cryptocurrency. It might be already existing or soon to be released by its developers. Bitcoin is like Nokia which is the pioneer of the cellphone and now it is replaced by the better ones like apple, samsung, huawei and many more. It is not about being the first or being the king, it is about the features and capabilities that you have an advantage on compare to others.

We cannot deny that bitcoin can be replaced but it is never going to be replaced by a coin that is basically using the same technology that bitcoin does as the majority of the coins in the market do, even the ones that are successful, besides you are thinking of bitcoin as if it is a smart phone while bitcoin is more similar to gold, and gold has been around for thousands of years and some economists are asking that we implement the gold standard again so that should give you an idea of how long bitcoin could last.

[mu_enrico]

If BTC price declines lower than the other SHA256 coins like BCH or BCH SV, then it will lose its dominance. It won't be probable though, considering both altcoins need to maintain its price when BTC price decrease. Since usually, when BTC price decreases, the other altcoins would also go down.

Another scenario is when there is a legit new technology (better than contemporary blockchain technology). In this case, the crypto market would be trashed down. Not probable currently, but who knows?

[atjiat]

If BTC price declines lower than the other SHA256 coins like BCH or BCH SV, then it will lose its dominance. It won't be probable though, considering both altcoins need to maintain its price when BTC price decrease. Since usually, when BTC price decreases, the other altcoins would also go down.

Another scenario is when there is a legit new technology (better than contemporary blockchain technology). In this case, the crypto market would be trashed down. Not probable currently, but who knows?

The fact is that when answering this question, you always pay attention to the statement of many analysts who say that only that cryptocurrency will survive that will be in demand in society, as well as that will be really used in everyday life of a person.  If it is Bitcoin, then his fate is really connected with great success.  But taking into account the fact that there are cryptocurrencies that surpass Bitcoin in some respects in some respects in terms of technical characteristics, there is doubt about the great prospects for the future.  Based on this, it is very difficult to predict something and we will only have to observe what is happening.

[kodtycoon]

until now i think the dominance of bitcoin is still very influential in the market, whether it's up and down. not sure what will make altcoins lose bitcoin dominance in the market, because even though altcoins can increase when bitcoin loses its dominance, in reality increasing altcoins won't happen strongly and only for a few moments

[Ozero]

In my own personal opinion, it is impossible for bitcoin to lose it's dominance because a lot of people are putting most of their money in bitcoin than altcoins and a lot of people are depending on bitcoin, so if bitcoin will have a chance to lose it's value definitely every cryptocurrency in the market will also lose it's value.

Bitcoin will sooner or later lose its price dominance in the cryptocurrency market. Everything related to technology will never stand still. Everything that stops in development goes into oblivion. Cryptocurrency will develop and its development will erase sharp edges in price and other differences.

[ufaiz50]

Using history as a comparison can strengthen your analysis and your opinion but that is not entirely true. I'm a little dissatisfied with your opinion, but there are many factors that exist in the fundamentals and market reaction to dominance in the crypto market. bitcoin has a thing that altcoin (community) doesn't have. although this has been a different year, but the time can answer the analysis that the user made.
 

[bearexin]

Bitcoin price is not the thing that will lose dominance or earn dominance, it is the altcoin prices. If bitcoin is a million dollars, what about altcoins? Are they going up like that as well so if altcoins go up that means bitcoin could be a million dollars each and as long as alts go up as well there won'tb e a dominance change. If bitcoin goes down to one pizza, that wouldn't change if alts go down as well.

The question here is not what bitcoin price will be, it is what altcoins will be like, if altcoins move higher than bitcoin then the dominance of bitcoin will go down, if altcoin prices under-performs bitcoin that means dominance will go up. I do not see dominance as any important metric tho, I mean who cares about what the dominance of bitcoin is as long as we profit.

[wozzek23]

We have seen a pretty decent drop today as well as you can see. Bitcoin price dropped like crazy in the last 24 hours but the altcoin prices stood still and didn't dropped down which basically caused the dominance to fall down. I don't know if this can continue when bitcoin goes up but that would make dominance go down even more if bitcoin goes back up over 8k but altcoins increase even faster.

I doubt that part will happen but the only reason why the current situation happened is that people who want to get out of altcoins are already mostly out and this happened so quickly that people didn't had time to react and change stuff up. I personally want to stay in altcoins for a little while longer as well, this causes bitcoin to weaken and alts to strengthen.

[srcarreira]

In my own personal opinion, it is impossible for bitcoin to lose it's dominance because a lot of people are putting most of their money in bitcoin than altcoins and a lot of people are depending on bitcoin, so if bitcoin will have a chance to lose it's value definitely every cryptocurrency in the market will also lose it's value.

You are quite possibly right, but chances are alts will overcome bitcoin in nearest decade or two.
Anyway bitcoin is and will forever remain as first crypto ever so it will hold its place forever

[fiulpro]

I don't think there will be something like *loosing dominance* am more worried about other cryptocurrencies taking over Bitcoins..it doesn't even have to go below a certain point . .

But at the same time it is most trustable and secure . People have more opportunities here and they seem to like the simple interface of Bitcoins.

I think even if the value is 500$ people will still use it somehow somewhere .

[FlightyPouch]

In my own personal opinion, it is impossible for bitcoin to lose it's dominance because a lot of people are putting most of their money in bitcoin than altcoins and a lot of people are depending on bitcoin, so if bitcoin will have a chance to lose it's value definitely every cryptocurrency in the market will also lose it's value.

Bitcoin will sooner or later lose its price dominance in the cryptocurrency market. Everything related to technology will never stand still. Everything that stops in development goes into oblivion. Cryptocurrency will develop and its development will erase sharp edges in price and other differences.

It is losing its dominance but not the price. Bitcoin will always be the dominating crypto currency in terms of hf its price, there will be no debate about that. For 10 years, there is no other crypto that surpassed bitcoin in terms of its price. Bitcoin may lose its value in the future, but as long as there are people wanting to use it, it will never die.

[ifinta]

I locked this poll, because Bitcoin loosed the dominance!

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I won!!!! I am such happy!!!!!!

[Debonaire217]

In my own personal opinion, it is impossible for bitcoin to lose it's dominance because a lot of people are putting most of their money in bitcoin than altcoins and a lot of people are depending on bitcoin, so if bitcoin will have a chance to lose it's value definitely every cryptocurrency in the market will also lose it's value.

Here's the thing, people are buying bitcoin instead of altcoin as their main cryptocurrency, so traders (to consider) are doing this so that if an altcoin is probably promising at time, they have bitcoin to buy it. In other people such as normal investors or hodlers, they buy bitcoin because they think bitcoin is the most volatile, that means that the ROI will be higher if they bought huge amount of it. And buying huge amount of bitcoin will push it's price way up higher making it dominate the entire market.