Bitcoin competition.

[rachael9385]

My new thought about the low investors rate on Bitcoin, this came to my mind this evening and I want to share my thoughts with everyone and not keeping it alone.
Bitcoin investors are much more than altcoins we all know that but thats not important, the important thing is Bitcoin is supposed to have more investors now if only their was no altcoins in the market, if you checked the numbers of investors you will understand what am trying to say. The competition in the market is making more investors not to invest more capital on Bitcoin.
If we use our fiat banks as an example, imagine we have only one bank in the country every citizens will want to open the bank and starts using it but if the banks are more people will spread and use other Banks.
If there's only Bitcoin in the market more investors will invest in Bitcoin because there is no competition. Although the price rate is much more than other coin, but people will still invest on altcoins because that's how Bitcoin price started so low.

[jeraldskie11]

I see what you're saying. If only one cryptocurrency exists, which is Bitcoin, there is a good chance that there are more investors now. If there are no alts, many investors will move their money to Bitcoin. But we must remember that if people truly believe in the Bitcoin mechanism, even if there are alternatives, they will always invest in Bitcoin. And we must admit that there are some instances where alts benefit Bitcoin.

[Makus]

With very little experience in Bitcoin my opinion is based on layman's understanding, so please correct me if I'm wrong, it's true without other altcoins Bitcoin investors would be much but, looking at it from the other hand without these other altcoins and tokens the popularity of cypto world and it's digital currencies would still be in a drowsy motion i.e competition amongst Bitcoin and other altcoins has made Bitcoin more popular and trust worthy for investment because, Bitcoin has proven its outstanding authenticity when compared to other altcoins.

[Stedsm]

TBH, it's not about BTC or altcoins but the greed in the investors to make money. It's not about the competition at all, it's all about getting rich as quickly as they can and most investors think and believe that if BTC will rise, alts will rise much higher in terms of % which isn't wrong at all but it's not the case every single time. So I'd say that BTC is for those who want their money to be parked in a safe haven asset, other altcoins are just clowns and will surely make you lose big if they won't follow BTC when BTC rises, this happens when institutional investors want to bring BTC's dominance higher over alts.

[Faisal2202]

My new thought about the low investors rate on Bitcoin, this came to my mind this evening and I want to share my thoughts with everyone and not keeping it alone.
Bitcoin investors are much more than altcoins we all know that but thats not important, the important thing is Bitcoin is supposed to have more investors now if only their was no altcoins in the market, if you checked the numbers of investors you will understand what am trying to say. The competition in the market is making more investors not to invest more capital on Bitcoin.
If we use our fiat banks as an example, imagine we have only one bank in the country every citizens will want to open the bank and starts using it but if the banks are more people will spread and use other Banks.
If there's only Bitcoin in the market more investors will invest in Bitcoin because there is no competition. Although the price rate is much more than other coin, but people will still invest on altcoins because that's how Bitcoin price started so low.

No! i think you have made some mistake in understanding the potential BTC have. And what's the benefit of competition if there will exist no ALTs. As then the market dominance of BTC will become 100%. And there will be no competition which is less exciting. And investors will always find another way to diversify their portfolio. If they will not find any ALTs to invest in.

In short, your question needs to be upgraded with information of dominance of BTC. which is increasing from its origin. Like if we see in 2019 the dominance of BTC was around 70% if i am not wrong and from then it is keep getting low indicating that the investors are moving in other directions. like Defi, NFTs, etc. And now in the current phase many investors are moving towards AI. To increase their portfolio.

[Dr.Bitcoin_Strange]

Despite the competition, anybody who still wants to invest in Bitcoin would do so. It must not be as if someone is forced to do something that they never wanted to do. It's good that Altcoins are there as well, so that no one would say that they never saw another alternative, which was the reason they had to invest in Bitcoin. Even if it were only Bitcoin we had as the only crypto, there are still some people who would not invest because they don't believe in it. Most people that are even Investing in Altcoins are only doing it for the short term, so they can be lucky for a quick profit if the token luckily gets pumped, but Bitcoin is still what people are holding for a longer time because they believe in it, compared to every other altcoin.

[Plaguedeath]

Although it's true the existence of altcoins make people who're want to invest in Bitcoin is divided, but there's nothing we can do and we know Bitcoin is always win among other cryptocurrency. Newbie will make mistake and it's completely fine, as long as they know invest in altcoins is wrong and then choose to invest in Bitcoin, they're already in the right path.

I'd say it's not a competition, but it's a part of learning. Since there are still many altcoins exist and traded everyday, it show many there are a lot uneducated people.

[jossiel]

My new thought about the low investors rate on Bitcoin, this came to my mind this evening and I want to share my thoughts with everyone and not keeping it alone.
Bitcoin investors are much more than altcoins we all know that but thats not important, the important thing is Bitcoin is supposed to have more investors now if only their was no altcoins in the market, if you checked the numbers of investors you will understand what am trying to say. The competition in the market is making more investors not to invest more capital on Bitcoin.
If we use our fiat banks as an example, imagine we have only one bank in the country every citizens will want to open the bank and starts using it but if the banks are more people will spread and use other Banks.
If there's only Bitcoin in the market more investors will invest in Bitcoin because there is no competition. Although the price rate is much more than other coin, but people will still invest on altcoins because that's how Bitcoin price started so low.

That's okay, the total number of altcoins in the market is almost unlimited but all of them manage to stay in the competition. We all know that we're having the same thoughts of what if most of those market capitalization that are being spreaded in the altcoins goes to bitcoin.

It's going to be enormous and the price of Bitcoin will surely get a huge bump.

But that's okay, competitions are everywhere in every market that's why you can't think of the best of it. In the end, the best will still be prevailed and that's why many retail and institutional investors are always choosing the best which is BTC.

[michellee]

If there were only Bitcoins on the market, that might not keep Bitcoin from getting this far. And the Bitcoin price will also not be able to increase to as high as yesterday and will be even higher in the future. People also don't pay much attention to Bitcoin because they haven't been able to see the advantages of Bitcoin for them.

Maybe the number of Bitcoin investors wouldn't be as many as it is today if it was only Bitcoin because what makes people interested in using Bitcoin is the big profit factor they can get. Meanwhile, the presence of altcoins gives people hope to benefit in the form of more Bitcoins through trading.

But forget about the competition between Bitcoin and altcoins because altcoins are not comparable to Bitcoin. Maybe the competition is between one altcoin and another because each altcoin wants a good position in the market.

[yudi09]

-snip-
If there's only Bitcoin in the market more investors will invest in Bitcoin because there is no competition. Although the price rate is much more than other coin, but people will still invest on altcoins because that's how Bitcoin price started so low.

If there were only Bitcoins on the market, then there would be no difference.
If in each country there is only one fiat bank, then people will not know which bank has a greater profit when making deposits.

With alternative coin (Altcoins) other than Bitcoin in the crypto space, it makes it easy for investors to choose the best type of investment to make.
The convenience that can be obtained by investors who don't have a lot of capital, they can invest in Altcoins when the ability to buy Bitcoin is not enough money even though these investors recognize Bitcoin as the best investment asset.

TBH, it won't be a big deal when there are Altcoins and there won't be competition because Bitcoin is the single best coin out there in the crypto space.

[Latviand]

even if there are alternatives, they will always invest in Bitcoin. And we must admit that there are some instances where alts benefit Bitcoin.

Exactly, and it's also worth mentioning that there will always be innovation so people will try and replicate bitcoin's success and some might even improve upon what they think bitcoin is lacking or that they're just ambitious and they want to create a competition. Nonetheless, even if there is no competition for bitcoin, I don't think that the price will go this high because without competition, there's no notoriety that bitcoin is experiencing right now and even if there is, I don't think it's going to be the same.

[SquirrelJulietGarden]

My new thought about the low investors rate on Bitcoin, this came to my mind this evening and I want to share my thoughts with everyone and not keeping it alone.
Bitcoin investors are much more than altcoins we all know that but thats not important, the important thing is Bitcoin is supposed to have more investors now if only their was no altcoins in the market, if you checked the numbers of investors you will understand what am trying to say. The competition in the market is making more investors not to invest more capital on Bitcoin.

Checking numbers of investor in Bitcoin and altcoins, are you seriously do it and how you do it?

We can know holders of bitcoin and altcoins but how do we know how many investors from those coin and token holders?

We never know about the number but we don't need that number to know that people invest or gamble their capital with altcoins more than with Bitcoin. Because only 1 Bitcoin on Coin market and thousands of altcoin on the market. Whatever they created how many altcoins and how many stupid investors fall into altcoins, Bitcoin is a biggest dominator in the market.

[Dave1]

My new thought about the low investors rate on Bitcoin, this came to my mind this evening and I want to share my thoughts with everyone and not keeping it alone.
Bitcoin investors are much more than altcoins we all know that but thats not important, the important thing is Bitcoin is supposed to have more investors now if only their was no altcoins in the market, if you checked the numbers of investors you will understand what am trying to say. The competition in the market is making more investors not to invest more capital on Bitcoin.
If we use our fiat banks as an example, imagine we have only one bank in the country every citizens will want to open the bank and starts using it but if the banks are more people will spread and use other Banks.
If there's only Bitcoin in the market more investors will invest in Bitcoin because there is no competition. Although the price rate is much more than other coin, but people will still invest on altcoins because that's how Bitcoin price started so low.

It could be, but as humans there is bound to have some sort of competition or at least there will be options, and that's why altcoin market was invented in the first place.  It's an "alternative" to BTC.

At least though we are still in the 40%++, so it means that bitcoin dominates the market even though there are like thousands of altcoins out there. So that is good enough to hear that and obviously, bitcoin has a lot of investors, including government, institutions and retail investors just like the majority of us.

[mk4]

Other cryptocurrencies aren't necessarily "competition" but yea some of the money indeed goes to those tokens instead of bitcoin. But yea so.. what's your point? Do you propose that we ban all altcoins or something lol? This is an open market — anyone can compete if they want.

[348Judah]

Bitcoin investors are much more than altcoins we all know that but thats not important, the important thing is Bitcoin is supposed to have more investors now if only their was no altcoins in the market

Do you think the existence of altcoins affects bitcoin by an inch? they are two different things, they can't compete bitcoin and as far as am concerned, every one having one or two altcoins also posses bitcoin as their main cryptocurrency had invested in, i will admit that everyone by default have been introduced to bitcoin before any other cryptocurrency and would have developed some portfolios in bitcoin investment before advancing into making an additional efforts with alts currencies.

if you checked the numbers of investors you will understand what am trying to say.

The idea is that you can get people into bitcoin and later investing on other cryptocurrencies and some may not even go there because of the risk with alts, it's very rare of you to see an altcoins investors not having bitcoin or not to have invested in bitcoin, it's very common now that you discover people making bitcoin their first investment with an additional of other cryptocurrencies to back it up.

The competition in the market is making more investors not to invest more capital on Bitcoin.

I disagree, which competition is going, it's a choice that people made, no altcoins can have value and priority like bitcoin, bitcoin is the leading cryptocurrency and other cryptocurrencies follows, only a newbie will take altcoins for an investment but an experienced person will only invest on bitcoin and take risk on others if he wish to.

[crwth]

I think that's just the rational way, but there's nothing like the "only one" in a market so big. In some way or the other, opportunistic humans would definitely make their own and start something that could change the world for the better or for the worse. This is also the reason why I think BTC won't' be topped because of the people/person behind it, Satoshi, built it anonymously and made it into a game changer and none is going to take that away. And creators who have their names all over the project could have some different look on the purpose of it or something. That's just my take.

The price of BTC is dictated by the market. Starting low is a good start because it's just starting and not a lot of people are into buying it yet. But when it did, it's just boom and I think it would never change.

[Yamane_Keto]

I do not think that someone will invest more than 50% in alternative currencies in exchange for a smaller percentage in Bitcoin. Most investors invest mainly in Bitcoin along with several cryptocurrencies. This percentage may vary from 0% to 50%, but everyone who invests more than 50% is someone who does not know the nature of investment.

Since you gave an example of banks, after the crisis in three US banks, more people are investing in large banks instead of peripheral banks that do not have a large customer base.

[BIT-BENDER]

I don't share your opinion, a world where you take away opinions from people is never a nice option, I would start with the fact that it's called crypto-currency and not Bitcoin, crypto-currency is a digital asset that still comprises of other coins that includes Bitcoin and altcoins.

Obviously Bitcoin is more popular than any other altcoins but still there are people who have made good profits from altcoins and have actually made use of it and also there are those who have lost from it, still I believe it's best people have the option to choice which crypto-currency they are interested in.

[ImThour]

If Bitcoin didn't had any flaws in it, other altcoins would never emerge especially Ethereum. Despite it's high gas fee, it's very popular among the new investors to buy ETH as compared to Bitcoin.
Reason being the Dapps they have implemented by the biggest brands in the world on Ethereum and other second layer like Polygon etc.

Everything happens for a reason, and Bitcoin will continue to grow for those who HODL.

[tranthidung]

If Bitcoin didn't had any flaws in it, other altcoins would never emerge especially Ethereum. Despite it's high gas fee, it's very popular among the new investors to buy ETH as compared to Bitcoin.

If we talk about transaction fees, Ethereum blockchain is worse than Bitcoin blockchain since its 2017 and 2018 bull run.
If we talk about centralization and decentralization, about risk, Bitcoin blockchain is decentralized while Ethereum blockchain is not.
See A comparison chart on average transaction fees on Bitcoin and Ethereum blockchains. The red is for Ethereum, the blue is for Bitcoin.

People just choose Ethereum rather than Bitcoin because it is cheaper than Bitcoin.

Reason being the Dapps they have implemented by the biggest brands in the world on Ethereum and other second layer like Polygon etc.

Their smart contracts and dApps around ERC20 chain cause losses to many people who believe in DeFi, GameFi, Metaverse projects and expensive transaction fees on the chain.

Everything happens for a reason, and Bitcoin will continue to grow for those who HODL.

Bitcoin is unique and will continue to be a biggest cryptocurrency, a leader in this market.