Bitcoin will be replace by ALTS in the future? - page 2.

cizatext

member

Activity: 952

Merit: 41

Quote from: jademaxsuy on November 09, 2018, 10:15:51 AM

Hello guys! As usual my habit is to check this website https://coinmarketcap.com/ for crypto market price. I saw that bitcoin still dominate in the market.

Take a look in this picture.

The Bitcoin Dominance recorded is still at 52.3%

This is why Bitcoin is the most expensive crypto in the market. But, there is one thing also that struck me and that is the growing number of crypto in the market.

It was recorded at 2093 cryptocurrencies being listed in coinmarketcap and does not include some crypto that are not listed on coinmarketcap for now. So many cryptocurrency to choose from so brace yourself on what crypto will you should consider to contribute or invest.

Bitcoin vs. Altcoins

I get this graph from coinhills (https://www.coinhills.com/statistics/volume-bitcoin-altcoin/) that shows the trend chart of Bitcoin volume strength versus Altcoins. A great number of altcoins combine will soon going to surpass bitcoin and remove its dominant in the market and probably few crypto will dominate in the altcoins group in the near future.

The question is that: Is there any possibility that dominant altcoins will take over bitcoin in the ranking in the future?

I don't believe that will happen in the future considering the strength of bitcoin on the coin market and bitcoin being the mother coin will last long before being overtaken by altcoin. And again the cryptocurrency network is Design to perform only one dominant role and bitcoin sims to be the only coin performing that role accurately which is decentralization and the eradication of the third party involvement in carrying out transactions so this has made bitcoin to be the foundation of the cryptocurrency.

DennyPen

newbie

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The share of altcoins grow, but that's more because many new alts appear every day and take some share of btc. In my opinion, btc won't be replace by any of the alts existing today except for ripple/ethereum/eos, especially ripple and eos, which both have enormous money behind them. Ripple is the no.1 candidate. Just watch how it will move along 2019 and 2020.

Triwiyono

full member

Activity: 504

Merit: 100

I think don't it's easy for Altcoin to replace Bitcoin in the future. but maybe the altcoin price can exceed the price of bitcoin. Why ? because bitcoin is a pioneer, altcoin growers are becoming much like now because of the existence of bitcoin. there are also many altcoins that use the bitcoin platform. so it will be difficult altcoin can replace bitcoin.

NH

sr. member

Activity: 422

Merit: 250

is there possibilty for altcoin replacing bitcoin. there are many altcoin, and people juat take who the besti coin to replace bitcoin, if bitcoin cant be better anymore.
altcoin have good vision than the older. but, the older always used by people. its depend on people, will stay with bitcoin or create new big coin for future

culuuton

hero member

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We also want to have more Altcoins and be able to compete with Bitcoin. But it can not replace Bitcoin i think it is very difficult when Altcoins are more dependent on Bitcoin. A few days ago the Bitcoin went down it make the Altcoins affected.and decreased.

seoincorporation

legendary

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You can't compare it that way, because is 1 vs 2000. Maybe all alts together can compete vs bitcoin, but if we are talking about a replacement then it should be with only one coin. Years ago people used to thing ETH could be the coin who replace bitcoin because it has 'better' features, but now people think BCH could be that coin who replace bitcoin, at the end that will not happen, bitcoin will just stay on the top.

drgomez89

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★Bitvest.io★ Play Plinko or Invest!

I Hope the altcoins dominate the market because i got late yo the crypto world And i loodey the posibility if getting a lambo Wink

JK What i meant id that there are a lot of good alta with good ideas, great proyects And excellent team behind them that i would like yo get enough recognition from the crypto community

fommes86

jr. member

Activity: 64

Merit: 1

Quote from: Herbert2020 on November 14, 2018, 01:06:16 AM

Quote from: MMS2017 on November 14, 2018, 01:03:22 AM

I am looking at bitcoin value now so it is saying difficult that we can give the importance of bitcoin to altcoin

it has nothing to do with price of bitcoin. otherwise there are other altcoins that are actually worth a lot higher than bitcoin but they still remain useless.
it is always about the utilities that bit coin is providing that that is giving it the real value and the potential it has. other altcoins lack this potential mostly because they are created for pump and dumping purposes.

Like Herbert correctly pointed out, its not about the price. Platinum is not going to replace Gold for jewelry even if its price is higher Grin

On the utility side I don't agree with you Herbert, the only utility that bitcoin provides, it is the most trusted value storage in the crypto sphere, maybe even in regard with FIAT currencies Wink

While this is a very important utility, in my opinion Bitcoin has no other use cases. It is not very efficient as an exchange medium (expensive and slow) and it has no smart contracts and similar applications. For that reason there is a need for Alts and for everything other than value storage (here Bitcoin will remain King) Alts have or will replace Bitcoin.

Anarchist

sr. member

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They all have their + and -
Bitcoin won't be replaced by another altcoin but people may prefer to use another one for several reasons, privacy, Tx fees,...etc. You maybe prefer Doge for a cheaper transaction fee, Horizen for a better privacy than BTC or ETH for a smart contract, and so on...

hubballi

sr. member

Activity: 882

Merit: 297

Replacing Bitcoin with Alts is very hard as Bitcoin has been accepted by almost 90% and miner support is also their. It is not controlled by any one and all projects are valued through bitcoin as bitcoin is the currency. But other alts are based on projects and if the project is lost value then automatically it will lose its value.

anshkumandhan

copper member

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Merit: 0

I think it would not be so easy to take the place of bitcoin for any Altcoin according to the today's situation. But it is also very difficult to guess what will happen after about 10 years from today. It may be that bitcoin could become 100 times as compared to today, because the price of Bitcoin was not so high as 10 years ago as it is today.

Pom_bensin

full member

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altcoin is now a threat to bitcoin, where altcoin has a lot of good and potential coins like ethereum, neo and cardano and some other coins. but now bitcoin is still in the best selling position in cryptocurrency. to analyze whether altcoin can replace the position of bitcoin it still cannot be predicted.

patrikpat1

newbie

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Quote from: Ragnar143 on November 14, 2018, 07:24:43 AM

yes i think in future altcoins will dominate over bitcoin.

yeah i agree with you

aris av

copper member

Activity: 409

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The Standard Protocol - Solving Inflation

I think bitcoin will survive, and although many predict that bitcoin will be replaced by other coins, I think it's wrong because nothing can replace bitcoin because bitcoin is a genuine crypto coin.

aray80

member

Activity: 420

Merit: 10

if concluded, this question contradicts the fact that the living will surely die, so in my opinion bitcoin will be replaced with a more perfect bitcoin in the future

Ragnar143

newbie

Activity: 70

Merit: 0

yes i think in future altcoins will dominate over bitcoin.

iv4n

legendary

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Quote from: bitfocus on November 14, 2018, 03:15:17 AM

if you take market-cap such seriously, maybe crypto and investment are not your thing.

This is good one, haha. There are numerous threads here on forum about coin market cap manipulation, there are very good articles on Internet about this matter, explained in such way everyone can understand it.
People believe in everything they read, even thou experienced members here on forum always talk about not trusting anyone, and double checking every information. Never trust one source, no matter how good source is, never trust in one site, there are many of them and it's the only way to not fall in some trap. Be careful all the time when someone talks about your money and investing that money.

bitfocus

member

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if you take market-cap such seriously, maybe crypto and investment are not your thing.

Herbert2020

legendary

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Quote from: MMS2017 on November 14, 2018, 01:03:22 AM

I am looking at bitcoin value now so it is saying difficult that we can give the importance of bitcoin to altcoin

it has nothing to do with price of bitcoin. otherwise there are other altcoins that are actually worth a lot higher than bitcoin but they still remain useless.
it is always about the utilities that bit coin is providing that that is giving it the real value and the potential it has. other altcoins lack this potential mostly because they are created for pump and dumping purposes.

MMS2017

full member

Activity: 546

Merit: 100

I am looking at bitcoin value now so it is saying difficult that we can give the importance of bitcoin to altcoin now the reality is that all the crypto market is associated with bitcoin when bitcoin affected all the other altcoins also affected so no altcoin is free from bitcoin and it has a good influence in the market while it can be useful to the world.

Topic: Bitcoin will be replace by ALTS in the future? - page 2. (Read 1108 times)