Topic: SELL YOUR ALTCOINS! BITCOIN WILL DOMINATE THE MARKET! - page 3. (Read 1137 times)

I do not see what you are trying to point out here,  bitcoin is already dominating, if you have a lot of bitcoins in your hand and consider yourself a whale, why not make profit with other altcoins, I agree with you that bitcoin is dominating the market and will still dominate the market in the future, but the price of bitcoin will be too much for the average person to own, but with altcoins, we can make use of fiat to buy them and in time their value will also grow, but not the same as bitcoin, still you will have profit, and the reason why people create altcoins is to make a crypto currency that can rival bitcoin, but with a certain cause, and since their have been altcoins in the market, I think that's the only time people appreciated that they invested early on bitcoin, since there are now POS coins and masternodes, you can obtain them by just a fraction of your bitcoin. From what I am seeing, all crypto currency goes hand in hand with each other, let's just not simply focus on bitcoin.

We all know that altcoins are never going to disappear, so for me, this is a waste of time.

We all know that the OP is probably trying to spread useless FUD in here with no reason at all.

Crypto currencies don't always about bitcoin, but its also about alt coin, it's good if you want to promote more about bitcoin but crypto also need alt coins to become bigger and bigger, bitcoin is not without flaw, and some alt coin got a feature that bitcoin doesn't has and some even got a better feature than btc, so crypto will be better with the existence of bitcoin and alt coins

we do not have to always focus on bitcoin because now there are so many altcoins that have good potential in the future. we can use altcoin for daily trading and get profit. so having altcoin should also have bitcoin to be balanced.

rather selling than altcoins , trade them and increase btc .
for example you buy any alt at 100 sats and sell at 110 sats then you are in profit of 10 sats , in this way not only you will get benefit of increasing value of bitcoin , but also you will get 5-15% more btc by trading .

Some altcoin also has their own purpose, although Bitcoin can also do it since it is the king of them all, but some token team member try to cater or make contract on some businesses that will use their coins as third options when they accepts payment from customers.

While there have been moments in which altcoins grew significantly on their own most of the time they follow the movements of bitcoin, if bitcoin grows altcoins grow as well if bitcoin loses value then altcoins lose value as well, to me this is a very clear sign that regardless of the market dominance of bitcoin altcoins are incredibly dependent on it.

That is right. But it seems the Bitcoin will aim to be a store of value, so the Bitcoin Cash could dominate the usage front.

Bitcoin has always been the dominant cryptocurrency since the beginning. No wonder why all the altcoins right now are mostly based on the value of Bitcoin. If Bitcoin is going down, more often than not the altcoins are also going down along with it. But since the altcoins, or most of them, are actually offering a different set of features and offers, they could gain growth and success apart from the performance of Bitcoin. Altcoins, in this sense, do not just end.

I strongly disagree with what you say, marked conditions can't be predicted by sameone who does not have enough knowledge to predict market places. Bitcoin runs along its course and Altcoin also runs its own path.

the btc domination is ended years ago, yeah it founded this world but it is not necessary that remains the first crypto (maybe with lighting network it will mantain his position). in the last two years the btc domination is slowly decreasing, just now in this drop it has gained new vitality becasue the people are scared and they think that btc is safer for avoid losses

So better not to listen on this simply because altcoins is good and it can survive for sure. There's a lot of good altcoins and if you can see its more profitable than bitcoin but of course bitcoin will remain on top and it doesn't mean altcoins will die.

The market dominance of bitcoin is not really that important what it's important is its market cap and the reason for that is very simple the dominance of bitcoin needs to go down for the simple reason that every single day there are new projects emerging, and while many of those are not worth your time, there are always some good projects, some of them are going to get huge investments and that reduces the market dominance of bitcoin.

i guess it is better to invest in different good cryptos that are there, we dont need to put all our investment to bitcoin, what if it goes on a big dip again and you dont have any back up, right?

no there is none, it's just his own opinion, no prove to back it up

Seems your are right because the bitcoin started consuming the market slowly. In early January, the bitcoin market dominance was at 31% and it is currently at 44% today. Perhaps, the bitcoin domainance will reach 50-60% again before next altcoins boom.

even if this to happen, an increase on bitcoin's price could affect the price of alts as well if we talk about leaving the crypto market and converting from alts to bitcoin and then to fiat so i think selling alts at that time is not an option but rather holding it to wait for it to pump again while bitcoin has stabilized could earn bigger profit.

I find bitcoin maximalist thought process really disheartening and consistent with cognitive dissonance. What makes you think this relatively new asset class is zero sum? You sound like people who have been saying for years that BTC won't work or that it's a scam. You really think all of the innovation in the higher quality dev teams and coins are pointless and can instead just be done with bitcoin? Or that blockchain and crypto has no use outside of a virtual currency? It just baffles me. I guess the same stubborn personality is what allowed some of these people to hold bitcoin from whatever extremely cheap price they bought in at until the relatively astronomical levels it's at now.

Honestly, I think bitcoin maximalists are bitter and think that if altcoins didn't exist, that total valuation that they have would simply be in bitcoin and therefore, their btc would be worth more. As if ICOs, social media campaigns by dev teams, and innovative ideas for blockchain use hasn't moved adoption forward and therefore likely bitcoin, as well. Also, competition spurs innovation. So if bitcoin has competition, that's good for bitcoin development.

It's just so divisive to be so maximalist. And also gives a public bad image to bitcoin and crypto community. Which is good for no one.

I would have believed all of this until binance decided to accept USD which will destroy bitcoins dominance and allow altcoins to flourish. Demand for bitcoin may reduce as it won't be needed to convert money into altcoins and vice versa.

While I do not have any doubt that bitcoin is going to be the leader for a long time at the same time we cannot use something so simplistic as explanation of why it is going to keep being at the top, there are many examples in technology and in different industries in which the leader and the one that originated the whole market eventually disappears and its surpassed by a new competitor that can do a better job.