bosede1
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December 09, 2021, 04:25:51 PM |
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I cannot see anything tarnishing each other what will be will be, if what you envisage happen in real world we will still have institution who will still go for Bitcoin because it has stand the test of time.
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JeWay
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December 09, 2021, 04:36:52 PM |
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I don't think this is ever possible, that's why it is called altcoin. In price, in market cap, in volume, in 24he's volume or market cap, I don't think it can ever overtake bitcoin
Overtaking Bitcoin is the wish of all Altcoins, but it has always been a dream that never comes true because Bitcoin is always going strong every year on all sides, so this can be impossible even though it is basically very possible.
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Kasabus
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December 09, 2021, 04:44:55 PM |
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I don't think this is ever possible, that's why it is called altcoin. In price, in market cap, in volume, in 24he's volume or market cap, I don't think it can ever overtake bitcoin
Overtaking Bitcoin is the wish of all Altcoins, but it has always been a dream that never comes true because Bitcoin is always going strong every year on all sides, so this can be impossible even though it is basically very possible. But if that will be possible in the future, i don't think bitcoin will be replace by ethereum. Bitcoin will always be the most secured and trusted cryptocurrency of all time, and ethereum will always stay next to bitcoin. And to say that ethereum can possibly overtake bitcoin's market cap, it will be very possible but temporarily. Because we all know that if bitcoin drops its value or even its market cap, it will always recover and will always lead the crypto market in all ways. And i guess most of us here will agree to that.
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Vaculin
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December 09, 2021, 06:53:47 PM |
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In cryptocurrency everything can happen including Ethereum will take over bitcoin in the market, if that will happen then cryptocurrency will change and will not be good in the eyes of new players as if the ruler of crypto is Ethereum even though in terms of market use today Ethereum continues to be in a hurry instead of bitcoin, but bitcoin will forever remain the mother of all altcoins and the safest.
Of course the crypto market will possibly create changes but no one will change the fact that bitcoin will always be the most valuable and most profitable crypto in the market. New comers will surely choose ethereum over bitcoin when it comes to market cap, but if you are still doing DYOR just before coming in the market, you will never entrust your funds fully on ethereum as bitcoin will always be better than it, and its adoption is more massive compared to ethereum. However, we have noticed these days that ethereum is even more stable than bitcoin but i think at the end of the day, bitcoin will still make it to the top.
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Oasisman
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December 09, 2021, 07:01:31 PM |
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Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
The sole reason that Bitcoin keeps on increasing it's value each and every year passed is more than enough of an evidence as to why no altcoin is a threat on Bitcoin's dominance in crypto market. ETH has made a lot of changes and upgrades to fix it's scalability and everything, but it didn't even get near close as a threat to take over Bitcoin's spot. Those questions you ask can be answered once It's actually happening.
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Fivestar4everMVP
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December 09, 2021, 07:31:49 PM |
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Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
Gold and silver are both precious metals, they have their different qualities which can be seen and felt, and because of this, their prices can never be the same. But for cryptocurrencies, the case is quite different, bitcoin and Ethereum are both digital currencies built on written codes, there's no way to tell which code is more quality, and this is why what mainly drives crypto prices is demand and supply, if in the future, Ethereum's demand becomes much more higher than bitcoin's demand causing Ethereum to flip bitcoin in ranking, I don't see this as any thing to really worry about, there was never a time bitcoin was gold, people named it digital gold cus of how valuable it became.
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Johnyz
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December 09, 2021, 08:19:24 PM |
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Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
The sole reason that Bitcoin keeps on increasing it's value each and every year passed is more than enough of an evidence as to why no altcoin is a threat on Bitcoin's dominance in crypto market. ETH has made a lot of changes and upgrades to fix it's scalability and everything, but it didn't even get near close as a threat to take over Bitcoin's spot. Those questions you ask can be answered once It's actually happening. Altcoins are not meant to replace Bitcoin their purpose is to give more options since Bitcoin is limited, that’s why altcoins was invented. I can’t see ang altcoins to be on top, if ETH increase its value I’m confident that BTC will pump and will still lead the market, BTC can’t be replace by any altcoins.
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Silberman
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December 09, 2021, 10:29:54 PM |
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Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
There was a time years ago in which ethereum was very close to achieve this and there was a difference of only a few billion dollars between the market cap of bitcoin and ethereum, so the scenario that you are presenting had a chance of happening back then, however now the difference between bitcoin and ethereum is so massive that I find it difficult to believe we are ever getting that close to that happening again, since the position of bitcoin not only as the most dominant coin of this market but as a store of value seems to be secure for the long term thanks to institutional investors.
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Botnake
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December 09, 2021, 10:51:53 PM |
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Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
There was a time years ago in which ethereum was very close to achieve this and there was a difference of only a few billion dollars between the market cap of bitcoin and ethereum, so the scenario that you are presenting had a chance of happening back then, however now the difference between bitcoin and ethereum is so massive that I find it difficult to believe we are ever getting that close to that happening again, since the position of bitcoin not only as the most dominant coin of this market but as a store of value seems to be secure for the long term thanks to institutional investors. There are really chances to happen in the future as we all know how potential ethereum too as an investment. But that won't trigger bitcoin lovers as bitcoin will always be the highest store of value and the king of crypto market. Big institutions are always looking forward for huge returns so in that case, bitcoin will still be their priority. However, if this will happen in the future, i don't think it will always overtake bitcoin's market cap, maybe for temporary reasons it will.
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Luqman
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December 09, 2021, 11:05:27 PM |
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When an altcoin can pass Bitcoin on the top rank? I don't see any chance of an altcoin overtaking Bitcoin in the next few years. Have you checked its market caps? Today, Bitcoin market cap is $906,925,783,598 and Ethereum market cap is $494,701,320,665. The gap is quite far and unlikely to pass in the near future. Moreover, Ethereum has a problem with gas fees, which may affect a bit on Ethereum reputation. So, for me, thinking any altcoin to pass Bitcoin rank is not the right time for now?
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Boov
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December 09, 2021, 11:40:24 PM |
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Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
I don't think so bitcoin loses the current rank it has, being the #1 with biggest subscribers who've been holding huge quantities; that's impossible eth would overtake btc. Many people said mere perspectives, but that doesn't give them fears over as they all knew how strong is the Bitcoin community was. Potential news investors relied with how a coin run through years, and Bitcoin had been through a lot of rising and falling scenario so it's by trend the value depends.
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Rengga Jati
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December 09, 2021, 11:43:36 PM |
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Even we may expect about the chance of Ethereum beating Bitcoin market cap, in fact, it is still far away. We see that right now, the ETH market cap is only about 50% of Bitcoin's. So, this still needs much time to do it. And during the days, Bitcoin market cap will be also increasing. And we need very big news or reason why Ethereum can defeat Bitcoin market cap.
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wheelz1200
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December 09, 2021, 11:46:41 PM |
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Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
What if silver goes up or loses value do people still believe in precious metals, yep. Bitcoin might take a lump or two and something might overtake it in mcap shortly but in the long run most of the garbage in the "top 50" will be found to be unnecessary let along things like meme coins lol
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Leonardo7
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December 09, 2021, 11:58:01 PM |
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This has been wondered at for a very long time due to ETH smartcontract plartform, ETH no more has the monopoly to smartcontract usability. Infact we have SOL, AVAX, LUNA, BSC, Polygon taking a dive at the ETH marketcap. BTC will remain the king, a project is working on BTC smartcontract that I think is STX coin.
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Uang_kartal
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betfury
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December 10, 2021, 12:13:08 AM |
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Investors, whether they are beginners or seniors, already know when to open a position and queue to trade, hands-on experience is more important.
Bitcoin is indeed the parent in popularity, market capitalization / trend mover and so far bitcoin is still number 1 before ethereum. although not all crypto follows the bitcoin trend. It doesn't matter because Ethereum is worth it, but the activities (takers/makers we can see in the market) are transparent and measurable.
Is there a website link that discusses the capitalization of gold to silver as you mentioned? I will study.
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HodlerKing101
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December 10, 2021, 12:55:17 AM |
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If ever ETH flipped BTC, only means one thing to me, altcoins with great fundamentals will go parabolic. Why? simple because big investor will not hesitate to invest in these small and new projects. I'm looking x100 for URUS, CHAIN and $ANRXfor 2022.
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barabeku
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umachit.fund
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December 10, 2021, 04:01:24 AM |
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On the one hand, I see that it is possible for Ethereum to overtake Bitcoin as it is more innovative and it is capable of performing much more functions than Bitcoin. On the other hand,people trust Bitcoin more than any other currencies, they use it not only as investment,but also as a means of payment, so I it gains more and more popularity within time. The question is whether this tendency will continue or not.
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Kkhair
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December 10, 2021, 02:47:56 PM |
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BITCOIN is the mother of all cryptocurrencies. he is the first digital currency with a target to shift the position of cash. and a few years after that, new coins emerged that wanted to touch the market capitalization of bitcoin, indeed at that time there was not a single coin that could touch the market capitalization.
But it is undeniable that with the rapid development of technology, it is not impossible that altcoins will one day replace bitcoin There are some coins that may have the opportunity to overtake bitcoin in a number of ways, such as functionality, sustainability, speed and volatility.
There are some coins that are best positioned to replace bitcoin in some ways
Among others are : 1. In terms of functionality: Ethereum (ETH) 2. In terms of speed: Solana (SOL) 3. In terms of sustainability: Cardano (ADA) 4. In terms of volatility: Digital dollar
Bitcoins will last a long time, may no longer be valuable, or vice versa. we will see together in the future
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Ngewex Yuk
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December 10, 2021, 04:17:07 PM |
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This is the hope of users and investors, if there is a coin that beats bitcoin it will make the market less dependent on bitcoin performance, as we know that currently the price of altcoins is very dependent on the price of bitcoin.
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TIME TO SLEEP
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Luqman
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December 10, 2021, 11:48:48 PM |
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Well possibly, not gonna happen this time but has chances to happen in the future.
Of course, it won't happen in the near future. That's why not worth talking about it now. Although Ethereum market cap is almost passed Bitcoin market cap, doesn't mean to happen soon. But it will be a real opposition on the vision of satoshi as bitcoin will always take the lead and altcoins will only serve as an alternatives.
Is Satoshi vision to make BTC always leading all crypto coins? I think Satoshi has no problem if any altcoin can pass BTC market cap. In addition, once ETH market cap can pass BTC market cap, doesn't mean ETH becomes the opposition of BTC.
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