Topic: Bitcoin domination era is over? - page 4. (Read 1069 times)

Yes it goes in circles, and gets predictable after a while.

Bitcoin has not gone and if/when LN is active it will have epic pump. I always said big money will support Lightning Networks.

Sign of bitcoin's drain? End of bitcoin domination era? Just because there are some other coins that are pumped? What if bitcoin will start moving in a quick way again, so it will make you say that bitcoin's era is starting again and altcoins will be dead. I don't know why people are bandwagon like this, if you are a supporter of bitcoin then just support and if not then go with your alt.

Bitcoin was unquestionably dominant until the point when its capacity began to struggle to handle the volume of transactions a couple of years ago. As that debate dragged on and on without resolution so the dominance has continued to fall and fall. It appears just now as if bitcion is failing as an electronic cash payments system, which is what it was supposed to be.

Eth nearly took the crown until some countries began to clamp down on its only main use case (ICOs) and it encountered scaling issues of its own. So that was the end for the challenge of Eth, for now at least.

Segwit so far achieved jackshit. Adding lightning network ie a banking layer is supposed to be the fix. And perhaps is a good fix. Most people who stayed with bitcoin are happy with it. But I don't like it, bitcoin was supposed to empower you to 'be' your own bank not require you to open a channel to a 'bank' to reduce fees and wait times.

And I hate ripple which is centralised shit, and loved by bankers also.

However the massive rush of new investors flooding into the cryto scene (in majority case you might say unsophisticated investors), they don't care at all about such idealisms of escaping the banking system, and will happily embrace Lightning Networks and / or centralised Ripple shit. Hence we see what we have now tokens like Ripple and the Lightning Network receiving massive investment.

This is the major reason why ripple might not go further than it is because ethereum tried to over come bitcoin in market capitalization sometimes ago and it was beat back and since then bitcoin has give it a very serious gap and I believe ripple coming close to bitcoin is going to witness the some things. I think bitcoin bitcoin dominant is going to remain for a long time and I have see bitcoin as a coin that can do what others coins cannot do.

No , this is totally wrong to speculate such things .
Even though ripple is doing pretty good it still doesn't have half the value of bitcoin and it still doesn't have such amazing coin base as that of bitcoin .
Bitcoin has taken years in order to attain that level and it would not be possible for ripple to get that place in couple of months of its inception . Bitcoin is still the best despite all arguments .         

Exactly. That debunks those Ripple naysayer conspiracy theories indeed.

You're asking about the currency that's not in circulation. Again, like I already said, that is NOT counted as market cap. ONLY the Ripple that's really in circulation is counted.

Thanks, I feel like I deserve it too. Never made so much money in so little time

Bitcoin will survive because Bitcoin has a tremendous power. With increasing public confidence in Bitcoin then I think the crypto world will increasingly show its strength. I've been using Bitcoin for the last 3 years and I think the decline and price increase is common, It will be a better thing in the future.

I think bitcoin will increase

Point is, the volumes are on par with the market cap.  Bitcoin has 1/3 of the market cap of crypto, and *also 1/3 of the volume*.  These are two indicators giving its true significance.  XRP has half the bitcoin market cap, and also about half its volume.  So all this makes sense.

Just listen to yourself. If you think BTC is done, then you truly deserve ripple and do not come back here crying when Ripple decides to take you for a bait and unleash its centralized power on you. I would not say more than that. Go back in history, and watch the actions of alts and bitcoin and then you will know better than what you just said.

Bitcoin domination is not yet over, its just taking it time out in other to let other cryptocurrency to have there time; I mean everything works in stages by stages but do not be reluctant soon again it will be the subject in the world of crypto. Its among the most popular coin in digital that did cause the emerge of some cryptocurrency, so it won't just fade away easily. Be ready when it comes.

2018 is going to be a very interesting year for bitcoin. I don't think bitcoins dominance has ended but it sure is the beginning of the end. By this time 2019, I wouldn't be surprised if there will be another coin that is no1 on coin market cap. However its important to note that even then BTC will be king. If you ask any ordinary person what ripple is, they won't know what the hell you are talking about. But ask them what bitcoin is, they will have an idea.

Ok, show me how many are in actual circulation.  I'd like to see an address distribution list like the one for BTC.   

Ripple.com/xrp/market-performance shows

Ripple currently owns 6.37 Billion XRP

Ripple escrow by 2017 end is 55 Billion xrp.

Total XRP in the wild is 38.622 billion xrp

The 38.622 billion xrp is in question. Try following the endless circles in ledgers is nearly impossible to deduce ownership or where the majority of those xrp currently reside.

We know that 20bn xrp were gifted to the original creators. Where are those accounts today? And the excess 18bn xrp, who are those top holders and addresses?

Perhaps there is a list of top 200 xrp addresses.

For that matter, which address is currently holding the 55bn xrp?

There's a lot of ummmm. no idea's but it's great going on here.

Nonsense, the Ripple (or any other) marketcap is calculated on basis of the circulating supply (38B) and not on the total coins (99B). In the latter case Ripple would have surpassed BTC already. But now we have to wait 2 weeks for that to happen

Everything is exploding, coins like NEM and TRON up more than 70% in 24 hours while BTC ... is just doing pretty much nothing. That's an extremely weak sign. The game now is: which coin is going to replace BTC, that's why everything but BTC is exploding. BTC itself is done.

If you are dumb enough to believe the market cap.. then you deserve ripple.  LOL.. I can make a coin with a total of 100 Billion.  Give out 1 to myself and sell it for a dollar.  Wooohooo, my coin now has a 100 Million dollar market cap.   Remember when Banx.io had a coin up there with some crazy numbers.

Ripple just crossed the 50% market cap of BTC, that's a new high ! And a new low for BTC dominance itself, down to 34% ... I think it's game over for BTC soon. Too slow, too expensive and Lightning Network is a joke.

The year has just started so we can't say that the era of bitcoin will go down. I am sure soon it will going to explode and will continue to dominate crypto world. I think this is the best time to buy and hold bitcoin as we know once a king will always be a king and wait for the price to go up.

No... Bitcoin was at 66% market domination before it started dropping to 36% market domination. Bitcoin lost the market domination because of the transaction issues such as high transaction fees and very slow transaction speed. And now Bitcoin Lightning Network is here to speed up the bitcoin transaction speed with ZERO transaction fee. Very soon bitcoin will be back on the track and this time no mercy bitcoin is going to dominate 80% of the cryptocurrencies market.

Just on the contrary. Bitcoin domination era has just started.
I don't see any so prosperous potential altcoin to take the leadership among cryptocurrencies. Bitcoin will remain at the first place. Don't take statistics so seriously, it doesn't always show the true situation on the market, sometimes it's just the play of numbers.