BTC is bigger than the rest of the crypto market combined - page 3.

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Quote from: flagpara on February 10, 2020, 07:06:42 PM

We are observing this from Beginning even from when I joined, Bitcoin always has lead value in cryptocurrency. That's called popularity in USA very low percent people didn't hear about Bitcoin and only Ethereum has over 10 percent. I don't invest in any coin where I have no interest and even I don't ever hear.

No, it wasn't always like that. In January 2018, bitcoin had a market dominance of only 37.5%. And the highest values of bitcoin's dominance were in 2016, when it reached 99%. But at that time there was a very small number of altcoins.

DoublerHunter

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Technically, Bitcoin is still at its stage of being a baby. The maturity of the market is not enough. It has a big room for improvement. Bitcoin is the most promising cryptocurrency of all time. Bitcoin can also win against stock market investments. As a new platform to the market, Bitcoin did a great job of raising its value from the original that made it to the spot. It is no surprise that the popularity of Bitcoin is high enough. Other coins really are considered as altcoins. As the term, alt- (alternative) coin - (coin) it only means that those coins are made to be alternative. But the Bitcoin will keep its spot as the primary coin.

SquallLeonhart

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Dominance is very important but the reason why people here invest into altcoins is not because they think it will get worldly famous like maybe one day bitcoin could, it is mainly because people think bitcoin could go up only so much and altcoins have a bigger ceiling. Just to give an example, ethereum could do 10x right now and become over 2 thousand dollars, or it could simply do 5x and make it to over 1 thousand dollars, these are quite valuable and doable increases, whereas bitcoin has to be over 50 thousand dollars if it goes 5x, and not many people think that is possible that quickly.

So, to people who are not really deep into crypto, yes bitcoin is the only one, but to people who are around here all the time, altcoins have a bigger ceiling for high price.

Vishnu.Reang

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If you go with the market cap, then Bitcoin is almost 3 times bigger than all the altcoins combined (here I have added Bitcoin forks such as BCH and BSV to the market cap of Bitcoin and have excluded the stablecoins). And it is not surprising, given the fact that the exchange rates of these altcoins remain mostly dependent on that of Bitcoin. Very few of them have an independent existence.

chanc3r

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Quote from: Furious 7 on February 11, 2020, 08:56:40 AM

Quote from: Farma on February 11, 2020, 02:49:22 AM

one thing that I think about is that he realizes that bitcoin is better than all altcoin. I also think that, however, I think that using altcoin can make the bitcoin that we have to grow. in addition, some people who own altcoin aim to use their altcoins to increase the amount of bitcoin, for example, such as holding ethereum to the price of 0.05 bitcoin.

Well a lot of bitcoin has been used as a good investment in 2017 until now and the discussion about prices continues to roll, meaning that bitcoin is worth investing in whatever term you can afford it.
Altcoin is only a complement to trading bitcoin because if it has been traded to bitcoin then altcoin will follow it well and often many will look at it for short-term investments.

In this case is talking about the valuation of bitcoin compared with altcoin. It's a common thing and people have already put some of their money to the bitcoin. Bitcoin is a mandatory investment for us in the crypto.

Furious 7

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Quote from: Farma on February 11, 2020, 02:49:22 AM

one thing that I think about is that he realizes that bitcoin is better than all altcoin. I also think that, however, I think that using altcoin can make the bitcoin that we have to grow. in addition, some people who own altcoin aim to use their altcoins to increase the amount of bitcoin, for example, such as holding ethereum to the price of 0.05 bitcoin.

Well a lot of bitcoin has been used as a good investment in 2017 until now and the discussion about prices continues to roll, meaning that bitcoin is worth investing in whatever term you can afford it.
Altcoin is only a complement to trading bitcoin because if it has been traded to bitcoin then altcoin will follow it well and often many will look at it for short-term investments.

thottum

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There are several reasons for this like in my country at least most of the people who heard blockchain and cryptocurrency think Bitcoin is the only currency in the crypto. And we look at the past only BTC exists at the top position since its inception and all other currencies have less history when compared to BTC. Still many of the fiat investments are getting into the BTC first rather than the Alts and BTC is considered as the large-cap currency with high liquidity so getting in and out of the BTC with huge volume is easy when compared to other coins.

mu_enrico

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That's true. Currently, BTC is the king.

By the way, what "full-time" crypto even means? Full-time trading, full-time shilling, or full-time developers? A lot of altcoin developers care about their system.

Crypto is a new "industry" that may be more unpredictable than you think. Let's wait and see what will happen with all the entertainment (dramas) provided in this space.

omone1

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Bitcoin controls the market, when it's dumping, the whole market falls too, if it's aggressively mooning, other market bows as traders join in FOMO. Its market is bigger than all the market combined. All projects that threatened to replace or displace bitcoin are all dead. When you want to introduce someone to crypto, tell them to buy bitcoin, they can learn alt-coin on their own.

awakpane

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Right. Indeed, BTC is bigger than other crypto markets, because BTC is the parent of altcoin, and also BTC has a limited supply so prices tend to jack up on the crypto market.

mahilchii

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We everyone know Bitcoin is the king of crypto market as it less volatile compared to other crypto also a safest investment in crypto market till date. At the same time altcoins are high volatile which is really worth for short term investment, well this is all the nature of crypto trading It cannot be compared with altcoins because of its high dominance in crypto sphere.

ameliana

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My opinion is quite simple, that bitcoin is the main coin in the cryptoqurrency industry and has a high selling price. on the other hand bitcoin is also profitable for investment in the long and short term, or more precisely when the price of 1 BTC which peaked in the range of $ 20K in 2017, made most new investors interested in taking part in it, including investing in BTC.

leea-1334

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Of course he is right. The only people other than project founders and speculators who follow alts are just those who do not understand crypto full time enough to know that Bitcoin is all that matters in the big picture. Everything else is an even bigger experiment than Bitcoin! This is the fact we have to accept.

Novatech8

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Bitcoin is the first and its more trusted coin than others, better community support and that's why it has the highest trading volume, the best coin is still Bitcoin and it will remain so for long time to come, its usefulness is like no other and traders like me use only BTC/USDT pair only, so why won't people keep talking about the best coin?

coinfinger

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So what is the point of this discussion? We all know how bigger BTC markets are and how other altcoins are doing. Moreover, altcoins are getting their value only because of BTC.

Altcoins will never get chances to beat BTC market by any means because altcoins may come and go whereas bitcoin is strongly staying for last 10 years and growing slowly which is the thing is completely missing out in most of the altcoins. I mean to say there is no use-case for most of the altcoins, they are simply getting their value from speculative investors.

Farma

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one thing that I think about is that he realizes that bitcoin is better than all altcoin. I also think that, however, I think that using altcoin can make the bitcoin that we have to grow. in addition, some people who own altcoin aim to use their altcoins to increase the amount of bitcoin, for example, such as holding ethereum to the price of 0.05 bitcoin.

bering

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I think those tweets were very make sense and what cryptocurrency would be without bitcoin and most of crypto users very concern to see bitcoin development more than altcoins and if the price of bitcoin increase rapidly then people will be talking about it and dare to invest more to bitcoin only with very excited so i will very agree with him says that bitcoin is bigger than every current altcoin and will always be remain just like that

Furryball

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Its not like before anymore, many coins are on people's lips now, ripple, Ethereum and bitcoin cash are popular as well but bitcoin is still the king of value in crypto space, no coin is going to achieve what bitcoin have achieved so far

BlackFor3st

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Betking.io - Best Bitcoin Casino

Quote from: bumjae1 on February 10, 2020, 06:36:10 PM

When Ryan Selkis, founder of Messari.io, tweeted the following:

"Nobody outside of "full-time" crypto cares about anything other than BTC.

ETH, XRP, BCH, LTC, EOS are bigger than the rest of the market combined, and BTC is bigger than everything else combined.

This video goes a little bit into deep on that:

https://www.youtube.com/watch?v=AleTHYBRzrA&feature=youtu.be

What are your thoughts and/or opinions?

Yes he is right, if you are going to look for the market capitalization and the bitcoin dominance then bitcoin is still top even if all the other currencies will be put together. But with this statement "Nobody outside of "full-time" crypto cares about anything other than BTC.", I completely disagree with it as you can see that other currencies are doing well because there are demands and investors are putting their money to it aside from bitcoin.

And there is still a possibility that other currencies will overtake bitcoin someday especially that there are plenty of disadvantages of bitcoin right now especially it's transaction time and fees.

bgaf

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Bitcoin is the first digital asset ever created and most investors are concern with its price. Imagine if its price started to crumble and go down? How will the market survive in a bearish sentiment? Ive been doing crypto for a long time and as far as I can see btc is the only one that ever progress or leap far in terms of development. Altcoins are also improving its just that investors and traders keep supporting btc no matter what the market scenario it is.

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