Bitcoin is declining as top crypto currency. Why? - page 3.

Vaskiy

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Quote from: madwica on June 15, 2017, 11:31:01 AM

Quote from: Sithara007 on June 15, 2017, 11:28:30 AM

Quote from: bitcoindusts on June 14, 2017, 12:20:08 PM

If you are looking at the coin market cap, that is an illusion. Site is being used to confuse people about market dominance. I do not think Bitcoin is declining and infact they are being welcomed by some countries and some of them are Japan and Australia.

What's wrong with the stats given by them? I have analyzed their charts, and found them to be accurate up to 99.999%. Bitcoin has already lost the trade volume battle, in addition to the market cap battle. ETH trade volume for the last 24 hours was around $2.1 billion, while that for Bitcoin was less than $2 billion.

i think just want to make more bitcoin investor to do panic selling to get them more profit on it and after a days just will do more price increase or actively fluctuates its value again and we can make more profit if we do trading method right away.

This is entirely a new platform for the investors all around the world. The difference in price happened due to the big values making the markets to make change based on the situation. Right now the market movement is from the large scale investors who has the potential to fluctuate the price increase and decrease.

rockem5

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Its because of the block issues. Due to 'political' reasons the solutions arent being implemented.

TryNinja

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Quote from: emezh10 on June 13, 2017, 09:08:25 PM

Quote from: Enjorlas on May 30, 2017, 04:49:09 PM

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?

If the etherum will reach the price of .2 btc each the market cap will surpass the bitcoin so by that I think the etherum will be the top currency because the etherum is have a better platform in bitcoin and the transfering of the etherum is fast and no fees unlike the bitcoin.

Ethereum's recent hype is just a bubble. It was not made for being used as money, but for ICOs and smartcontracts, has unlimited supply as it's totally centralized by their devs. May be working on the short term, but Bitcoin will always prevail.

Here is a great article for you to read:
https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36\

cryp24x

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With the range of people covered, I think Ethereum is gaining grounds but bitcoin is rather in an advance stage, taking a look at it, Ethereum is still in its infancy stage, not much of the world regarding to the ratio of Bitcoin population and usage. And please take note that a huge amount of ETH with huge funds coming from the ICO is in the hand of its developer so they can do a daily trade with huge volume. I agree ETH is shining but it is still far from taking over the seat enjoyed by bitcoin. Coinmarket Cap? let us give them to the coins with a huge number of supply. Grin

.

madwica

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Quote from: Sithara007 on June 15, 2017, 11:28:30 AM

Quote from: bitcoindusts on June 14, 2017, 12:20:08 PM

If you are looking at the coin market cap, that is an illusion. Site is being used to confuse people about market dominance. I do not think Bitcoin is declining and infact they are being welcomed by some countries and some of them are Japan and Australia.

What's wrong with the stats given by them? I have analyzed their charts, and found them to be accurate up to 99.999%. Bitcoin has already lost the trade volume battle, in addition to the market cap battle. ETH trade volume for the last 24 hours was around $2.1 billion, while that for Bitcoin was less than $2 billion.

i think just want to make more bitcoin investor to do panic selling to get them more profit on it and after a days just will do more price increase or actively fluctuates its value again and we can make more profit if we do trading method right away.

Sithara007

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Quote from: bitcoindusts on June 14, 2017, 12:20:08 PM

If you are looking at the coin market cap, that is an illusion. Site is being used to confuse people about market dominance. I do not think Bitcoin is declining and infact they are being welcomed by some countries and some of them are Japan and Australia.

What's wrong with the stats given by them? I have analyzed their charts, and found them to be accurate up to 99.999%. Bitcoin has already lost the trade volume battle, in addition to the market cap battle. ETH trade volume for the last 24 hours was around $2.1 billion, while that for Bitcoin was less than $2 billion.

GXHPP

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I don't think so, bitcoin, regardless of all the issues and FUD, is very much the leading currency in the current crypto world and even the most promising growing coins don't worth a half of it, let alone at price but at publicity and public interest.

bitcoindusts

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If you are looking at the coin market cap, that is an illusion. Site is being used to confuse people about market dominance. I do not think Bitcoin is declining and infact they are being welcomed by some countries and some of them are Japan and Australia.

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Quote from: bryant.coleman on June 13, 2017, 10:49:32 PM

One thing I have noticed about the altcoins. Their exchange rates are directly linked to the exchange rate of Bitcoin. They depend upon Bitcoin for their very survival. Ether may be having a market cap of close to $40 billion, but it is incapable of existing independently.

Nonsense!

Bitcoin is #1 attempt to implement a decentralized payment system. It has enjoyed enough being the first attempt and a successful one at the same time (a very rare condition) but naturally its success is relative and it is not the end of a technology. Altcoins, understanding the situation, has come around prepared for the competition with features like scalability, anonymity, speed, smart contracts, ...

From a long term point of view, obviously, being #1 attempt is not a strong enough leverage to remain on top, improvements should be made but btc can not and will not handle improvements, it will fall sooner or later.

Bitcoin won't disappear, it won't even lose value, it will become somewhat obsolete by performing less transactions (actually it has already lost the transaction volume battle) becoming a simple digital asset, and nothing more.

A replacement for fiat currencies and daily payment practices. Ethereum? Zcash? ... they have chances, btc? Noway!

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Quote from: bryant.coleman on June 13, 2017, 10:49:32 PM

but it is incapable of existing independently.

Does exist the way of fund transfering with use of electronic money without touching BTC?
In this way no one is in need to buy BTC.

kidmodo

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In terms of price, bitcoin remains the number one coin, no more expensive coin of bitcoin, many people have tried to make more expensive coin from bitcoin and only last a few moments and then the price is below bitcoin, I think bitcoin will remain top Crypto currency

bryant.coleman

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One thing I have noticed about the altcoins. Their exchange rates are directly linked to the exchange rate of Bitcoin. They depend upon Bitcoin for their very survival. Ether may be having a market cap of close to $40 billion, but it is incapable of existing independently.

mostkey

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no doubt Bitcoin has long been dominant in the cryptocurrency scene, it is certainly not alone.
Ethereum is another cryptocurrency related project that has attracted a lot of hype because of its additional features and applications.
But the popularity of ethereum will not last long, when viewed in terms of users,
Bitcoin will be superior at the usage level

hendra1988

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There are several factors related to the popularity of Bitcoin:
1. Small volume of Bitcoin spread over the network
2. Situations where more Bitcoin traders than Bitcoin users
3. News spread globally
4. Investment Fraud (scam)
5. Bitcoin is 'hacked' and taken away by other parties

There are some advantages given bitcoin than any other cryptocurrency
Bitcoin is superior compared to other online currencies
Easy transfer
Minimum cost,
No controls,
Virtual currency using Cryptocurrency technology
Facilitate payment,

emezh10

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Quote from: Enjorlas on May 30, 2017, 04:49:09 PM

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?

If the etherum will reach the price of .2 btc each the market cap will surpass the bitcoin so by that I think the etherum will be the top currency because the etherum is have a better platform in bitcoin and the transfering of the etherum is fast and no fees unlike the bitcoin.

agatha818

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Quote from: UCHCHILD on May 30, 2017, 05:16:40 PM

Really? How did this happen can you give us your source of this?
Because as far as I know bitcoin is really on top all over the crypto currencies despite the fact of high fees and delay of transactions, since bitcoin is still counting for its investors, I mean it still gaining supporters and continue despite of it. The value of bitcoin is still increasing so I guess ETH is not surpassing BTC yet.

agreed! Bitcoin have more investor than ethereum and bitcoin is still on the top. ethereum still have lots of work to do to surpass bitcoin.

pokapeski

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IMO Bitcoin is loosing ground due to uncertainty and it is basic monetary policy.
I will continue to consider Bitcoin as a bad currency to hold value until the UASF clarifies what the future will look like, that makes it until mid August at least.
In fact in the models where I calculate profitability I am using a botom price of 1500€ at this moment because I do not see any reason why anyone with no hype would invest in an asset with unclear future from now until after mid August. I do not have to assume anything about UASF. I will make a decission when I can make a proper informed one.

Who would invest in a currency of a country at war?

asdalani

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Quote from: Enjorlas on June 13, 2017, 03:35:51 PM

Well it looks like I was right and 95% of the commenters on this thread were wrong. The flippening is going to happen, possibly today.

Congratulations Bitcoiners. Now YOU are the altcoin.

You are only going by the price of Bitcoin in some useless Government currency. Bitcoin was publically built before all the Altcoins out there so I am not sure why you think Bitcoin is an Altcoin just because it drops down a couple ranks.

When ETH dumps, people will learn to try to hold their Bitcoin more.

Celsiuss

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It is, wow, I would never have thought that. Maybe because of high fees? I'm not an expert on cryptos, but as far as I've heard ethereum is simply better than bitcoin when it comes to fees and blockchain size. Everyone outside the crypto world only sees bitcoin as a crypto coin, maybe ethereum will come through?

Enjorlas

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Well it looks like I was right and 95% of the commenters on this thread were wrong. The flippening is going to happen, possibly today.

Congratulations Bitcoiners. Now YOU are the altcoin.

Topic: Bitcoin is declining as top crypto currency. Why? - page 3. (Read 4799 times)