Topic: B.Sc. Thesis: The threat of altcoins for Bitcoin's supremacy (Read 211 times)
Keep an eye to the crypto currecncy related websites. Websites will help you to find out the problems. You can even use youtube to know about cryptocurrency as well as your severe issues.
September 01, 2018, 06:34:57 AM
There exist many altcoin like Ether, Litecoin, NEO, XRP which are trying to compete with BTC. Despite ATCs have made advancement over BTC in many respects, BTC still have strong supremacy and threat has not been that risky.
September 01, 2018, 06:21:02 AM
Thousands of investors already saw what affects the price bitcoin and other altcoins. Those are negative news for cryptocurrency like rejections from a government, country or specific well known group that bad mouths cryptocurrency. Positive news like partnerships, massive adoption and recognition that will make an investors think that it is the start of a bull run. In terms of supremacy, bitcoins looks undefeatable because its says as number one and never been replace. It was already used a payment by other businesses and almost perfected blockchain but for me, most investors preferred to hold an altcoin because it gives higher return than bitcoin.
September 01, 2018, 06:02:58 AM
No matter how much progress ATCs have made, I don’t think they have even come closer to threat the supremacy of Bitcoin. I think Bitcoin will remain the king of crypto for a long period of time.
September 01, 2018, 05:22:58 AM
There exist many altcoin like Ether, Litecoin, NEO, XRP which are trying to compete with BTC. Despite ATCs have made advancement over BTC in many respects, BTC still have strong supremacy and threat has not been that risky.
you are on right track. you done the thesis about crypto currency that actually really great as well as by this you will know properly about the market. after completing your thesis hopefully you will be interested and able to join in this market.
One of the intriguing realities about any new crypto resource that is acquainted with the digital currency pool is that its prompt and later qualities are added to the aggregate market capitalization pool too.
It is a good topic for a thesis most of the information had already included ,threatened there are difference in sole relevant in the blocksize. So for making the thesis complete it is better to do some research.
One of the manners by which experts will point to the 'qualities' of Bitcoin when contrasted with its opponents is the 'Bitcoin Dominance Index' (BDI).
Though there are coins out there that can challenge Bitcoin or others in terms of transaction speed, fees, performance etc. but it is the trust of the investors and demand of the whole market that has put Bitcoin on the top of the list. Moreover, Bitcoin has definitely gained the first mover advantage in the market which is reflected through the market cap of BTC.
It is presumed that the Bitcoin publicity is kicking the bucket and altcoins are putting forth elective incentives with regards to crypto contributing. The current DGB esteem may be route beneath BTC, however, the stage brags of its cutting-edge framework.
Bitcoin's dominance or as you have mentioned supremacy was never challenged by any other coins in recent times. Though people thought ETH will be able to reach Bitcoin's popularity or price but none of that happened. The difference between the coins are not only based on how they are coded but also their utility and demand among the investors.
Good to see that you are writing your thesis on cryptocurrency. I think it is the right time to do such research on crypto space. Though I am not a expert but I would try to answer one or two questions of yours. The supremacy of Bitcoin's is never threatened by Alts. As for example you can check the market dominance of recent times. Total market cap of BTC is more than 50% right now.
I don't think Bitcoin has much supremacy over other altcoins. Otherwise, altcoins like Ethereum, Litecoins wouldn't have such growth in the market. Though, it sometimes affects the price of other cryptos. But, it can be considered as a normal phenomenon.
Yes definitely when comparing to other altcoins Bitcoin haa good exposure, people's always go with competitors to improve the market and to make famous. The only intention is to double the money and it doesn't mean BTC has low supremacy.
No one is in threat here. To be honest, competition is needed so that not a single coin slags off and that the market does not become a monopolistic one. At the same time, even if BTC is the best one, other altcoins such as Stellar Lumens are doing very good too.
First of all congratulations for your thesis as topic is moving from mouth to mouth for being most firing issue for few years. Altcoin is improving day by day at a niticable rate but I don’t think it can take over the place of bitcoin.
Bitcoin is staying over the stack of cryptocurrency for its strong effeciency, friendly chacreterstics and other facilities. Yes it as seen many bad days also but its much less then other cryptocurrencies. Bitcoin is much reliable as currency for most of the investors & benifactors.
There are very less data based on comparision of cryptocurrencies speed, strength . so it will be little hard to work on that data but if your effort reach at your prospect then it will be an mark for cryptocurrency investors. In my idea, altcoin is enhancing in noticable ammount basically form last year but it cant beat bitcoin. There is possibility that we can see a neck to neck fight but there is a less possibility of altcoins winning. Bitcoin have a stronghold in cryptocurrency & is volatility at the bottom
BTC is not a threat in the market for the altcoins to be honest. In fact because of BTC, we get to see more and better altcions who get to help us out when BTC is hard to attain.
Bitcoin Cash is forked from Bitcoin. Bitcoin cash claims to have bigger block sizes that could perform fast transactions. The Bitcoin is a digital asset where as EOS tokens are the native currency of EOS decentralized application platform. Bitcoin uses the blockchain technology and IOTA uses the tangle technology.
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