Do you think Altcoins will be a big competitor to Bitcoin?

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legendary

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Quote from: batang_bitcoin on November 22, 2018, 08:51:12 PM

Altcoins that are better than bitcoin in several ways?

I don't think that there are altcoins like that. If they are better than bitcoin then it will reflect to their market cap and their price are going to be higher than bitcoin calculating their supply limit and demand. But I haven't seen any big altcoin that can compete bitcoin that way.

In a way, altcoins can be better than Bitcoin. Many of them are faster, more anonymous and cheap. However, Bitcoin will always be a leader of the market, and it will affect the price of the other cryptocurrencies.

Chomsy

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Am yet to see an altcoin that can compete with Bitcoin. However, with a strong team and good strategy, it's achievable.

Question123

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Some altcoins for sure will become big competitors right now of the bitcoin. Because they have some altcoins now are better than the bitcoin. But until now still bitcoin is king and highest price and we don't know when bitcoin become number 2 or die and when the new king will be know maybe next few years it will happen.

chakhigh

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I think there has to be a backing model for the price of an altcoin to compete with bitcoin. Because actually the main issue with crypto is volatility. So, if an altcoin is stable in price and solid with good features, like security and the ability to exchange to fiat money too, then, I think it is a game over. Gigzi does just that! This is not an altcoin yet, but it has a good potential to rank high. https://gigzi.com

BitTraderCute

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Quote from: Google+ on November 30, 2018, 03:28:23 AM

I don't think it will be possible because altcoin will still lose if it has to fight bitcoin it won't be able because Bitcoin is the king of all existing cryptocurrency, altcoin price movements also follow bitcoin price movements so I don't think altcoin will be able to compete with bitcoin.

although just small chance, i think there is still possibility for altcoin to replace bitcoin someday.each day occur new ico project that maybe one of them could be best blockchain developers.but for now on bitcoin still the king.

KOF97

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All the altcoins are trying to surpass Bitcoin, but they can never replace Bitcoin, because they are all made by the team, these altcoins are under extreme control!

Google+

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I don't think it will be possible because altcoin will still lose if it has to fight bitcoin it won't be able because Bitcoin is the king of all existing cryptocurrency, altcoin price movements also follow bitcoin price movements so I don't think altcoin will be able to compete with bitcoin.

Sadyshagg

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Bitcoin requires millions of dollars worth of new investment each day just to cover cost of mining and keep it alive. It is not sustainable.

xiboothrezi

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Bitcoin is like a blueprint that initiates the appearance of various altcoins with new innovations and standards that are seeded. But, bitcoin is very popular and has a strong position, it is very difficult to replace it.

nepeso

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I am fully confident that Bitcoin will continue to remain a confident leader in the modern crypto market. After all, it really remains the most reliable coin, with undoubted benefits for the crypto market and digital society. I believe in the good potential of some altcoins, but they definitely will not become competitors of BTC.

Meizu

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I believe that if in the future Bitcoin can not provide us with any improvement in the development, it is possible a more developed altcoin can replace it. But it will be possible very soon. In the meantime, today Bitcoin is the Foundation for all altcoins.

eka rock69

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I don't think both their altcoins and bitcoins have their respective portions, bitcoin is still the top coin yet there is no one who can be a competitor, in the future it may still be in the same position, but we don't know it in the future because it is difficult to predict

novemberwoah

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There are no altcoins in this year that will rival bitcoin. Even in the next few years I think altcoin will not be able to compete with bitcoin. Before it was spread the issue of bch would rival bitcoin but the reality was not proven even far from what was predicted.

tonibyuzen

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While Bitcoin will be the main cryptocurrency, It will dominate over altcoins, but Ethereum can take a significant share of the market. This is primarily due to the fact that many coins can not be bought for fiat, but can only be paired with BTC and ETH.

Dobby070

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Quote from: akashark on September 26, 2018, 07:01:01 AM

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?

there might be some altcoins which will be going to dominate the market, but I do not see altcoins that can dominate the bitcoin, as everyone knows, bitcoin is the founder and it is considered as the universal coin where money is flowing and it is the basis of price of other altcoins as well.

chadtn

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At least one of the altcoins in the future may be able to compete with Bitcoin, but when it happens we can not predict .

tranquangvinh

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No , I don't think altcoins will be a big competitor to bitcoin . There are a lot of Altcoins , which altcoins would you want to mention? You should mention a particular altcoins, it will be easier to compare .

Jiyens3

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Quote from: Lanatsa on November 03, 2018, 07:47:08 PM

Quote from: kaseygriffin on November 03, 2018, 07:39:50 PM

Quote from: akashark on September 26, 2018, 07:01:01 AM

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?

When trading volume of BTC in the market accounts for 55% there will happen. BTC will go to moon and suck blood all the altcoins. The market will bleed except BTC and the top 1 can trade with USDT.
My advice is that this time you should hold the BTC and wait for the miracle to happen.

There is no miracle in bitcoin market they were all depending on the supply and demand.
Most altcoin are trying to become top of the list but they were just too young to get that position of bitcoin and most of it haven't prove anything yet.
So it is too impossible to reach the level of bitcoin but i do believe if bitcoin is not being supported by the rest of the people it might going down and the prices might not as high as today.

Bitcoin has indeed become a coin that has the highest position. This makes motivation a lot of coin for overtaking, and took the position of these coins. so Altcoin that most of the biggest contenders for Bitcoin by relying on its development to become the major coin.

Azuliand

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Quote from: akashark on September 26, 2018, 07:01:01 AM

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?

Well, you can now see how they are very much competing with bitcoin, bitcoin now has 50% dominance and the rest of all altcoins , and of course 2 giants are ripple and Ethereum

Bagani

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Quote from: akashark on September 26, 2018, 07:01:01 AM

Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?

I must say that altcoins can be a huge competitor on Bitcoin especially the ones with a huge pontential and a wide use-case. We really never know who will be in dominance in the future but I always believe in Bitcoin which is the King of all Cryptocurrencies and it is very hard to take the throne from Bitcoin especially they have a big gap in terms of Marketcap.

Topic: Do you think Altcoins will be a big competitor to Bitcoin? (Read 1557 times)