Topic: Bitcoin is declining as top crypto currency. Why? - page 6. (Read 4794 times)

i think that attitude has now passed. people are becoming ever more aware of how exposed it is. it was easy to still think that way at the start of the year. not any more.

This part is true thought I wouldn't say this is the reason for Bitcoin losing it's dominance - as I also don't beleive Bitcoin is losing it's dominance as I would only think at this point that a certain number of Altcoins + Bitcoin are all being pumped in a way to make some good money for a select few individuals.

People may come out and say well look at ETH, or XMR, or XRP and so on and so forth but these have had no real usage in the least when it comes to BEING REAL CURRENCIES - Bitcoin is the only one that has broken this barrier. The other ones are simply being used by traders to make some money.

So, Bitcoin isn't losing it's top spot in the least.

no its not like that. It's more of a zietgiest change.

once you have more nodes, more volume, higher cap, more dev, tokens being issued, its passes a point where the disbelief that anything could take the place of BTC may set in.

Sort of like how a baby soon forgoes the need to crawl once it can walk and then run, hesitant, disbelieving itself at first, stumbling maybe, but then all so quickly.....

Who said anything about tracing transactions and staying anonymous? I think you blew too much to day sweetie.  

This is a cheesy matter, anyone could launch a new coin and have a %90 pre-mine and starts mining the %10 remaining.

Then all it takes for it to even surpass Bitcoin is to put a fake price at a major exchanging service and you got your

$200 billion dollar coin with that much of a market share, while other coins such as ETH and Ripple are being manipulated

By traders and there is no actual use for them not like Bitcoin, they are just pumping and dumping, can't you guys see?

And it is this mentality that is the problem. ETH use case is not defined bu VB, ETH can be use as store of value an away to co-ordinate real life actions, business etc. ETH does not (yet) face the intractable problems BTC has in dev.

This last fact is inmho, suicide in tech. Dev stalled.

I am sure there are some miners that are now thinking long and hard about position as well as some of the core. Mainly the ones that did not diversify out into eth.

It could be part of the scaling issues was in-part caused with someone with a large stake in eth....

It is true that ethereum seems to be taking on more relevance every day in the altcoin market, but we must not forget that this is just the beginning and this market still manages a very small proportion of the global economy.

As this market matures over the years, there will be a larger market for many of the current altcoins, as well as all the new ones that will gradually emerge, but just as with fiat money, people acquire more dollars not because of their intrinsic value, but because of their symbolic value, and this same will occur with the bitcoin in the long run.

There is not a single chance of happening this. If you concluding this from current scenario of bitcoin them forget about your statement. It is just pump and dump that always keep happening with bitcoin because of more holdings and sometimes selling of it. It is not like that bitcoin is declining as crypto currency it just another part of bitcoin process or how it works.

Because the more countries tried to consider the blockchain expands through use the ethereum platform. Especially the recent news comes from chinese give a lot of impact for the price of ethereum. More people FOMO ethereum. And my guess the bitcoin popularity will be less. The another crypto gain more popularity and that makes the bitcoin users try to take a look on the ethereum platform maybe. Bitcoin needs a lot of improvements and not a lot of the greedy politicians.

In your dreams son, ethereum is just token with unlimited supply. People will soon find out and will abandon this project of crazy russian kiddo .
Bitcoin is store of vlaue, money, so much more than any other crypto. But its good that some think otherwise, more BTC for true believers.

Many people prefer to use altcoin like etherum and litetcoin for small transaction instead of using bitcoin due to the higher fee and low confirmation of the bitcoin. On the other hand bitcoin is not fully anonymous and there is monero which is untraceable and anonymous. I might confess that there are many competitors out there but untill now no one can beat bitcoin i think because of it's decentralized nature and originality, that's the reason why bitcoin still exist.

i think bitcoin is going to maintain its position as number one, i do not think that the popularity of bitcoin is decreasing,  to me i think the popularity of bitcoin is increasing from day to day and that is the reason that people are entering in the world which is causing the increase of the price of bitcoin. in fact people are now putting trust on bitcoin and therefore they are investing their assets for trading.

Yes, BTC has been declining for months, and that shouldn't surprise anyone. As long as the scaling issue isn't solved, it will keep on going downwards. But BTC is still way ahead of all the other cryptos. It's the only one you can actually use to buy goods or services.

i think it might happen this week.

but china won't be allowed to play their previous games. it'll be a regular market with fees. i'm sure there'll be huge demand and huge dumps though.

Increase the blocksize.

There is a possibility that we could see more investments from China in ETH in coming months and since it was controlling the price of bitcoin for a longer time now it is time for them to focus their energy on ETH and start manipulating it to the core,i think there are many projects eyeing to be developed and it will all be under ETH and it will boost the rate of ETH,but i do not think that it will over take bitcoin when it comes to price.

Bitcoin has to hurry up and change the blocksize so that fees decrease and there is more confidence in transaction times. If that can't be achieved then there is nothing Bitcoin can do than hope that the community stays loyal and keeps pumping money into itself. Otherwise people will leave and they will just encourage cryptos like Ethereum to grow, and it will potentially be replaced.

I think bitcoin still has the most current popularity. Bitcoin is still much better than etherum. But indeed the development of altcoin is currently very rapid. I think this will be a healthy competition to improve the digital currency in the world today.

ETH is what bitcoin was ment to be with programmable contracts and all that stuff, not just money. Blockchain can be used for various type of things. Bitcoin will still be the most recognize in the crypto world or when someone is entering in it - or at least for now.

Also having in mind that people are trying to do a hard fork UASF as it may even cause chain to split, the time is not okay for bitcoin right now as we have scaling debate... Hopefully this will get fixed and we will see that bitcoin starts to dominate not to lose its volume and trading % per day.

Another thing is that people are greedy and want money so they are looking to see the new bitcoin to earn and make a profit. Ethereum, is good in investors eyes, because they have a lot of supporters around, specially when people hear that even Microsoft is working together with them also some other companies. It is not just Ethetreum look at XMR aka monero for instance they are also taking some good place because of the privacy that the coin itself provides. WHich means people can't just do a search on the blockchain explorer to be able to see your balance - like with bitcoin.


Bitcoin is laking on some features, although if they are implemented bitcoin still have a good place above all other alts. But btc can also lose the battle easily.

Honestly, I think Bitcoin losing its number 1 status is a good thing. Shaking things up will force Bitcoin users to 'get real' and start adapting instead of relying on brand recognition.

the highest volume is on zero fee exchanges. that always sends volume through the roof.

eth has an identifiable leader who hustles hard. that makes people feel comfortable. it has marketing and corporate backing. it has lots of projects on the go. it has impressive long words.

if you were a total noob would you look at bitcoin with all its problems, divisions and stagnation or shiny ethereum?

ethereum's problems will eventually bite it hard. right now it's in the mood to shine.