Topic: if BTC's 'market share' goes sub 50% this year what effect will this have? - page 2. (Read 1982 times)

market domminance, like whats stated at coinmarketcap.com

Bitcoin's market share of what?

Are you talking about it's market share of currency? Or it's market share of payments? Or it's marketshare of cryptocurrency?

How do you measure market share? Is it by number of transactions? Total monetary value? Average size per transaction? Asset size (or market capitalization)?

Here are my assumptions about the Ethereum (ETH) blockchain, compared to Bitcoin’s:

-“Turing vulnerable”, i.e. has a much larger attack surface

-Less backwards compatible

-On track towards a more centralized future

-Transaction finality is less certain

-Its proposed proof-of-stake mining algorithm won’t be more efficient than proof-of-work

-Will suffer more blockchain bloat than Bitcoin, leading to more risky design paths such as sharding.

-Based on these assumptions, I had until recently projected a path forward where Bitcoin continues to dominate the cryptocurrency market.

-Bitcoin has a consistent track record of being an immutable ledger (ideal for long term value preservation), versus ETH’s interventionist history

-Likely higher developer activity in Bitcoin vs Ethereum

-Bitcoin has 100 core contributors, ETH has

-Core dev Vlad Zamfir: Ethereum isn’t money, safe, or scalable

-Legal concerns about ICOs and ETH/ETC launches, SEC fallout possible

-Buterin’s & Zamfir’s approaches to scaling (Casper) seem to diverge

-Problematic scaling future, e.g. “mathematical proof that it is impossible to determine the ‘true’ transaction history in a proof-of-stake blockchain without an additional source of trust”, sharding…

-Future inflation rate unknown

-Uncertain fundamental value proposition over Bitcoin’s modular design

Source: https://medium.com/@tuurdemeester/im-not-worried-about-bitcoin-unlimited-but-i-am-losing-sleep-over-ethereum-b5251c54e66d

Its clear that BTC is going to win to me.
ETH is extremely hyped ATM while BTC is fixing its issues.

what ethereum did to the market cap is going to haunt us with the similar questions like this for years to come. OP is yet another victim of this useless factor for comparing cryptocurrencies. there is no other market share that you think bitcoin's is going down. there is only one market for cryptocurrencies and the belongs to bitcoin. the rest of them have some small usages in total.
there are ofcourse coins such as monero that because of being old and offering some unique features (anonymity) have some market share. but the rest of them are fake numbers.

[Manipulation 101] Market cap

Bitcoin's percentage of the market cap would only matter if one cryptocurrency had a higher market cap.  I personally wouldn't care, but it would be in the news and it would help that cryptocurrency to take off even more.

If Bitcoin's cap overall went to under 50%, it wouldn't matter.

Ethereum, however, isn't that much of a threat to Bitcoin.  They're quite different really.  I would only be worried if a similar crypto like Litecoin had a higher market cap (which seems very unlikely).

BS.

So many LTC fans here.

Guys just think abou a normall market.

A company with a 50% market dominance is still huge.
Goodluck traading your BTC for altcoins, I will gladly buy them from you.

ICO's are just pushing Ethereum and otherwise.

BTC is just getting a new role to play.
Not a monopoly anymore, but its a store of value for all the crypto's.
Ethereum will be the platform for almost all the crypto's
LTC will be a test dummy for BTC
ETC will be an alternative for ETH when things go wrong
XRP is the bankster coin
DASH, monero and ZCASH ar for anonymous transactions.

Its quite simple and clear to me.
BTC is still the best choice guys, calm down

OP if you think that would really happen then you should start observing Litecoin's price movements. There might come a time that Bitcoin's fall could be directy proportional to Litecoin's rise.

I think that it is possible, but not probable.

Personally for me at least and many others that I know, bitcoin will always be #1. No matter whether bitcoin's market share out of all the cryptocurrencies goes under 50% or not, it'll be the biggest cryptocurrency by far.

But if it does happen, I think that alts will definitely be pumped a lot.

It'll probably be in a bubble situation though, won't last long. It'll be back to 50-60% at least once the hype dies off from a certain altcoin.

you keep repeating a wrong word! it is not market share it is market cap. and even if market cap of bitcoin was only 1% of the whole cryptocurrency market cap it wouldn't have mattered because market share of bitcoin is >95% all the other altcoins have no real usage, they just create "coins" for example the biggest one that is causing this decrease in share of bitcoin from market cap is ethereum which has 91 million coins and it has no max which means it will keep on creating millions and getting the market cap into a fake bubble.
this was probably said a million times all over this forum:
market cap = number of coins * price

If such correlation happens too, it won't affect the user base much as it doesn't have much dependence upon the world market moves. Even at times the entire world economy was under crisis bitcoin was experiencing stable growth. Everything has the possibility but reality is always to the favour of bitcoin, else it could have got vanished long back itself.

It's a multi-currency world we live in. Cryptocurrencies can have beneficial effects on the world economy and I see no reason why there won't be multiple successful ones. I don't fear the competition. However, a strong bitcoin, both in price and reliability, will benefit crypto in general.

i believe it's very possible bitcoin's 'market share' will go near or below 50% at some point this year.

i'm not pumping alts. most of them are still worthless junk, but that doesn't seem to be stopping anyone. check out all the crazy figures ethereum related icos are pulling off.

personally i think the market share thing is a load of crap anyway, they shouldn't be treated as two sides of the same thing, but i'm wondering if you think this'll affect your own perception of bitcoin and that of others.

i think an absolutely unprecedented alt bubble is brewing that'll eventually implode horribly. it's filling with more hot air by the day. it won't be because of 'bitcoin is failing' fud. it'll be good old get rich quick greed.

i also think bitcoin will still perform very strongly this year but do you think the two markets will decouple completely or would there be some correlation?