Bitcoin has no competition - page 103.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: pedrog on August 16, 2016, 07:55:29 AM

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

Holy shit! Someone told the truth instead of just cheerleading. I'm feeling a little dizzy. I need to sit down.

Indrawan77

hero member

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I think for now bitcoin still on the top of crypto currency, there are a lot of bitcoin rival but all of them still cant beat bitcoin for now, bitcoin existence is depend on the user if there are a lot of users choose to change their coin then bitcoin wont survive

nejibens

hero member

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If you are talking about altcoins you re right, Bitcoin is the first crypto currency right now , and without any competition. But the reality that people still using fiat a lot more than Bitcoin unluckily.

n691309

legendary

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Quote from: Senor.Bla on August 16, 2016, 12:28:32 PM

Quote from: n691309 on August 16, 2016, 12:19:32 PM

Whatever we think and that we don't want to see any other bitcoin competitive but saying the truth recently that coinbase has added Ethereum in their exchange website means that this altcoin is growing and will grow very fast after a short period of time, and I think that this is one of the reasons why bitcoin price is declining nowadays.

the question for me is why?
are the people just interested in coin as an investment or are they invested in it because of the technology behind it? ethereum is all about smart contracts and after the dao not to much is happening. so i am not to worried.

The more coins that are available the more the stability is destroyed, with the ethereum situation I didn't expected it to be listed on coinbase which surprised me also coinbase because they had only fiat and bitcoin and now that ethereum is listed I think they made traders to think or suggest them to use ethereum and then trade them leaving the bitcoin for a bit.

oceanriver

full member

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Quote from: lexuz on August 16, 2016, 01:02:24 PM

There will never be a cryptocurrency that can compete with bitcoin, no competition yeah no and with the time will pass 5-20 year more, bitcoin will be still number one. I don't want to predict the price that would be achieved but one thing we still have a chance to seeing the price in the moon.

i think you might be right about it, a lot of cryptos are created from time to time but in my opinion it is better that there is no bigger competition

Rahar02

hero member

Activity: 910

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Quote from: lexuz on August 16, 2016, 01:02:24 PM

There will never be a cryptocurrency that can compete with bitcoin, no competition yeah no and with the time will pass 5-20 year more, bitcoin will be still number one. I don't want to predict the price that would be achieved but one thing we still have a chance to seeing the price in the moon.

For now, it looks like bitcoin has no coin competitor. Many people know about it and bitcoin get more famous everyday.
More investor or company invest on bitcoin makes it price rise or fall, it keep fluctuate. Bitcoin has proven could last for years now and the value has pretty nice increasing every year.

lexuz

hero member

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Me, myself and I

There will never be a cryptocurrency that can compete with bitcoin, no competition yeah no and with the time will pass 5-20 year more, bitcoin will be still number one. I don't want to predict the price that would be achieved but one thing we still have a chance to seeing the price in the moon.

Bitcoinsummoner

hero member

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Maintain Social Distance, Stay safe.

Quote from: Senor.Bla on August 16, 2016, 12:28:32 PM

Quote from: n691309 on August 16, 2016, 12:19:32 PM

Whatever we think and that we don't want to see any other bitcoin competitive but saying the truth recently that coinbase has added Ethereum in their exchange website means that this altcoin is growing and will grow very fast after a short period of time, and I think that this is one of the reasons why bitcoin price is declining nowadays.

the question for me is why?
are the people just interested in coin as an investment or are they invested in it because of the technology behind it? ethereum is all about smart contracts and after the dao not to much is happening. so i am not to worried.

I think even coinbase are added ethereum it will not affect the value and i think many investors are in ethereum thats why they are now partner with coinbase.. but i dont believe in ethereum that it will be more popular than bitcoin. ethereum is experience of hack so i dont trust it again..

beerlover

legendary

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Quote from: Mauser on August 16, 2016, 09:00:43 AM

Quote from: pereira4 on August 16, 2016, 07:39:32 AM

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

There are quite a lot of actively traded and pricey alt coins around. I think Bitcoin will always remain #1 but they still have competition.

That is not really considered a competition since the altcoins would only be hyped for a time being and after pump and dump session, it's all gone. I mean, that altcoin's use is done. Being a pioneer, bitcoin is unbeatable and incomparable while considering for a competition with similar systems.

Senor.Bla

sr. member

Activity: 280

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Quote from: n691309 on August 16, 2016, 12:19:32 PM

Whatever we think and that we don't want to see any other bitcoin competitive but saying the truth recently that coinbase has added Ethereum in their exchange website means that this altcoin is growing and will grow very fast after a short period of time, and I think that this is one of the reasons why bitcoin price is declining nowadays.

the question for me is why?
are the people just interested in coin as an investment or are they invested in it because of the technology behind it? ethereum is all about smart contracts and after the dao not to much is happening. so i am not to worried.

c789

hero member

Activity: 850

Merit: 1000

Bitcoin is great for everyday transactions. I see the use and need for Bitcoin only increasing. I'm a big BTC fan and user.

But for transactions where you want privacy, there are better options, like Monero.

So many altcoins don't have any substantive differences from Bitcoin, so that makes them useless from a utilitarian perspective although people still make (and lose) money trading them. If they want to do that, I say go for it.

jak3

legendary

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at current scale there is no direct compititor but all the altcoins are a type of compititor of bitcois we can not compare on the bases of price but on the bases of difficulty and market valumne there will always be a compition for becomin the most stable vertual currency

n691309

legendary

Activity: 1526

Merit: 1001

Whatever we think and that we don't want to see any other bitcoin competitive but saying the truth recently that coinbase has added Ethereum in their exchange website means that this altcoin is growing and will grow very fast after a short period of time, and I think that this is one of the reasons why bitcoin price is declining nowadays.

ABCbits

legendary

Activity: 2870

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Crypto Swap Exchange

I think that's wrong because bitcoin still have to face hundred of fiat with blockchain or banking technology and few altcoin with potential such as ETH, LTC or DarkCoin.

crairezx20

legendary

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Merit: 1046

Quote from: giammangiato on August 16, 2016, 11:55:31 AM

Quote from: Oralmat on August 16, 2016, 10:17:48 AM

Quote from: raphma on August 16, 2016, 08:53:54 AM

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

I agree to this as no Altcoins can be compared to bitcoins. None of the Altcoin is near in terms of volume or price to bitcoins. People buy altcoin just to get the profit and then sell them again for bitcoins.

Altcoins are good lab for experiment new features and new improvements, in my opinion

I think better to stay at bitcoin instead of altcoin because they are just copycut from bitcoin.. they are just added feature to attract investor to invest..
But it will never the same as bitcoin.

Hellacopter

hero member

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Bitcoin has no competition in the crypto currencies world, that's right. But it's having fiat as strong competition right now, and people still use fiat to make their deals more than Bitcoin.

giammangiato

legendary

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Quote from: Oralmat on August 16, 2016, 10:17:48 AM

Quote from: raphma on August 16, 2016, 08:53:54 AM

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

I agree to this as no Altcoins can be compared to bitcoins. None of the Altcoin is near in terms of volume or price to bitcoins. People buy altcoin just to get the profit and then sell them again for bitcoins.

Altcoins are good lab for experiment new features and new improvements, in my opinion

sahara4u

newbie

Activity: 8

Merit: 0

i think bitcoin need some more effort to reach to such position, because it has still some competition.

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: gilang on August 16, 2016, 10:54:19 AM

When it comes to exchange dominance it's just 66.4%.

Exchange dominance is not valid factor which you can use to say if coin is successful or now. Altcoins have high trading capacities because they are tool for speculators.
And great number of bitcoiners are just holders and position traders patiently waiting for their time. This situation won't be reflected in any trading volume.

pedrog

legendary

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Merit: 1031

Quote from: Naficopa on August 16, 2016, 09:41:43 AM

Quote from: pedrog on August 16, 2016, 07:55:29 AM

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

I'm not sure if your informations are correct, but let say that i trust you Wink

If Bitcoin now have 66,4% of market - this is against all other cryptocurrencies .. so it is something like 1 against 400

Can you tell us which coin have second position on market list and how many % of market cap have?

You don't need to trust me, you can check for yourself: http://coincap.io/

Topic: Bitcoin has no competition - page 103. (Read 43199 times)