Topic: The dethroned king... BTC nice to see people realize it was overhyped (Read 699 times)

Markets follow always wave movements. I'm pretty sure, that we see in the next weeks or days a new bitcoin rallye and an increasing btc dominance to 60%.

I think you have your point; however, I also think that you are underestimating bitcoin by saying that it's now dethroned. I think it is still the strongest, most reliable, most powerful, most marketable, and basically, the best cryptocurrency arround. Even if you would claim that it's not the best now, by just checking and comparing its price with other cryptocurrencies around, you would say that it's still king. Also, I think you're mistaking its current stability and non-changing price with weakness, which is certainly not the case, because even bitcoin experiences price halts and even slumps sometimes. It's just normal market movements.

Emjoy the feeling pal but I don't think you know this works. In the past years, bitcoin often fall and loose dominance but it still go up after some time and stabilizes in a higher price.

agree.. thousand of shitcoins overhyped.. 95% of them deserve and will die soon... but there are a lot of them much more useful than BTC.

I don't thing that Bitcoin is overhyped. It's the only really recognizable coin with stock future contracts.

But you are comparing Bitcoin /ONE project/ to other 1400+. It's normal those 1400+ to be more stronger. And yes, the fees are stupidly high.

Yes, it's overhyped but now shitcoins are being overhyped as well.Crazy market.

from 69% dominance to 33% is not a little set back. You probable are of them who own a big % of BTC in portfolio. but i still want to hear something more than just an opinion.. i ask about facts!  "why do you think BTC is so great? what can do BTC that other altcoins can do? i know better options for money transfer.. faster and with less fees.. so , what is the advantage of BTC that might me a challenge for the rest of altcoins? please tell me"
one day BTC will be just another altcoin, with a fair value according to its functionality.. and you can bet, this is much much less than 17000$.

A single coin have a dominant of about 50% has been dethroned to you but I can tell you that bitcoin has not been dethroned as a little set back should not been seeing as a dethronment. Bitcoin has remained the gold standard for others cryptocurrency and we have to accept this reality. Ethereum, ripple and bitcoin Cash has both tried to dethroned bitcoin but there could not.

I read somewhere on this thread that btc dominance was like 1vs 1000 altcoins....

Times changes.. btc marketcap is 275B. Ripple is 130B ethereum 100B and bch is 50B .

Bch + eth + xrp >bitcoin.

Btc is down to 32% and it only takes 3altcoins to overtake bitcoin.

next step will be ttwo coins vs btc.

And then btc lose its first place.

Who would have said in summer 2017 that  Binance would replace BIttrex or Poloniex in volume? I did it!
and now, regarding BTC,  i think it is still too high the price.. it should go lower IMHO... and one day BTC will be replaced from the TOP1...
remember some time ago when a drop of 5% of BTC was a nightmare for the rest of the market because of it high dominance? at least right now is not so hard... half of the alts are still in green although BTC drops.. i thinks this is a more fair situation!
people that still think BTC is KIng, and will pump to 10000000000000trillon dollars, maybe just have too much BTC in their portfolio. so here is the quetion for them.. why do you think BTC is so great? what can do BTC that other altcoins can do? i know better options for money transfer.. faster and with less fees.. so , what is the advantage of BTC that might me a challenge for the rest of altcoins? please tell me

There's been a huge altcoin pump the past few weeks. Next Bitcoin pump will probably be coming in the next few weeks. People will be taking altcoin profits back into Bitcoin as it breaks new ATHs. Expect BTC market share over the next couple of months to go from 1/3rd back close to 50% as the next bull market starts. People aren't just gonna stay in altcoins forever.

By April I'd expect crypto to be over $1 trillion with Bitcoin at $400-500 billion.

dominance dropped form 70% to 50% when i opened this thread.. now 35%.. nice to see people is waking up and realizing BTC was good, but not deserve that much of the cryptocake..

I think many altcoins is rise from 2 days ago and now, I see every altcoin reach the high price again although it is just beginning but at least some of us can recover their money and even make a good profit. ripple will increase more than now and so ethereum and neo will have their high price too like the other coins. so I think we can start to watch the exchange or use the alarm if the price increases then we will know the right time to sell.

This is all happening because of the unconfirmed transaction problem BTC is experiencing, due to the over saturation of the blockchain. 

Because of this, investors are diversifying more to other markets.

As soon as the BTC devs fix this problem, like with Lightning Network for example. It will be business as usual.

When this problem gets fixed expect a huge increase in price. This will be one (if not biggest) updates ever in the history of Bitcoin.

So stock up now while it's 'on sale'. 

It needs to get fixed, high transaction fees and slow transactions make people leave bitcoin.

It's just a matter of time before bitcoin jumps again. Some alts may rise from the ashes in the mean time - hopefully not ripple as it would set an example for other centralised alts to appear. Ethereum and NEO are good ones

I still don't understand how people see bitcoin dying when its getting all the publicity.
Peopple holding ripple have different agenda than bitcoin. I will come and see when next ripple dump happens.

Fun Fact is XRP only need to jump 2x to 4x from $2 to $5 to overthrown the Bitcoin Marketcap

I can say whatever i want, meanwhile i am respectful. Dont blame me for that. I must thank BTC, because without it, nothing of this cryptoworld wouldnt have been possible. Buf i was upset of its crazy dominance and how it have been driving the rest of the market.. when BTC was on bull run (hardforks) alts felt .. whe BTC was bearish alts felt. I think just BTC is not so allmighty and shouldn't have that inffluence over the rest. Also there are a lot of usefull altcoins (while 95% of the rest are simply trash). And BTCs fees were unaceptable high.. so that make me think so much about the unfair distribution of the market..
By the way.. i hope all money from BTC doesnt go to XRP.. this would be as return back to the past. Banks+goverment control

You never fail the deliver the most cringe speculation threads ChiNgadOr

No way. That's irrational.. like the year 2000 effect for computers... if btc loose first position, nothing will happen.. there is HUGE room still to grow for cryptocurrencies... so dont worry

bitcoin is the king of the crypto market, if it gets below ripple people will think "wtf is going on". Impossible to predict what is going to happen then.
Personally I think that the market can collapse.

fud? why fud? it is just true.. you cant compare the overvalue of other altcoins.. with a coin that reached 20.000$ per token! in 3 months from 2900 to 20000$? this is around 6X... but it is very different a 6X from 1$ to 6$.. that from 2900$ to 20000$!!!!!! the size of BTC's marketcap is absolutely insane, unhealthy and unsustainable..  i am sorry to admit, most of people are blind with the allmighty BTC.. i admit it was a pioneer..  but the prices nowdays for it are plain stupid, just the same as it transfer fees...
someday it will be replaced, i am pretty sure.. but this wont be the end of crypto.. just the time for other more usefuls coinsto keep on the cryptohype

just below 40% so time for btc rally i guess

BTC is and will be the king for much more time n future.
Yes, its dominance will reduce as new coins and better technology will come by.
It is the father of the cryptocurrency... Children are supposed to be better than their parents and will eventually overcome them.

But your tone creates a FUD... sober down please.
BTC still sits on the throne and hope it does because if it falls, everyone who has invested in it will lose faith in the whole system and that will bring everything down.

To your title.. .EVERY COIN is overhyped.. which one isn't... this whole cryptocurrency world runs on speculation and hype...

wel..now this seems to be much more fair and rational...
BTC didnt deserve to reach almost a 70% dominance!!! right now 39,4%...
 many other very usefull coins.. much lower fees...  it is time to replace the "king"!

Next rally for Altcoins tomorrow . 

well.. it seems people is realized what some of us recognized long time ago..
BTC is high overvalued. I honestly think is far superior than its hardforks.. but no way it should deserve so big dominance. 25% in the best scenario! Maybe not now, but in the future i am pretty sure it will be replaced from top-1..
right now for example the fees for micropayments are just insane.... when there are other cryptocurrencies that allow transfers with 0 comission!

Guys, the cycle will continue. At 40% it will snap back and all alts will bleed. Fractals repeat, don't go all in alt coins.

Glad to see I'm on the same page with someone.
BTC is the pioneer. But let's not forget that dial-up modems preceded broadband.

Well that is the main reason why altcoins right now especially bitcoin cash increasing so high right now. The fee on bitcoin is so damn ridiculous big and other altcoins like bitcoin cash only cost small fee for each transaction. If bitcoin not fix or at least decrease the fee and the unconfirmed transaction, maybe other altcoins will surpass bitcoin.

I agree with this. BTC still dominates 47.1% of the market. little below what it was last week but I don't see that as bad sign. just little correction and it'll cross $20k now. I wouldn't comment on dethroning it alts would bleed. We all have seen it before.

Agree with the post above. Just another correction BTC will hit 23-25 thousand before we know it. And updates will come in 2018. It is still king...For now

Don't celibrate too soon... This might be just a small correction, BTC is still a hell of a brand name. Also, on all exchanges BTC is the most common (and often only) pair vs. alts. It'll take a long time for a flippening to happen, and it'll be painful in the short term as well

I can agree that the fees are stupidly high and if nothing changes in near future, Bitcoin will die. Today I've paid over 30! dollars for a single transaction to get a reasonable confirmation!

BCH and LTC transactions now are much more cheaper.

Well.. dont get mad with me, it is just my opinion. The fact is that it lost more thsn 20% dominance in2 weeks. Anyway I think BCH is still worse and about BTG.... this hardfork is absolutely nonsense. Anyway dint i am fudding to get cheap bitcoins... i will never hold it. I think a good altcoin can rise a few times fold its price ( take in mind i am not shilking any special altcoin... so dont blame me as if i were promoting anything).. but for example doing the same for BTC would means a huge amount of money in the market for example, right now a 2x = 32000$ × total coins..
BTC was a disrupting evolution, a pioneer, ok., agree, but thats all! I think there are many many better options. Otherwise just guve me the facts, instead of blaming and critizice me.. it seems like there are regilious fanatics... and i were blspheming against a god. So if i am so stupid, then illustrate me ! Explain why deserves BTC that big share of the market? What makes it so incredibly amazing? Convince me... instead of taking this as if it was an attack to you.it is only i have never understood why this market share is fair, why BtC should deserve that much and why cant be replaced..

Bets regards,  keep calm and relax

Ps: i know BTC will reach new hih again.. this is not the end, but let me understand WHY!

It is a simple see saw effect, I don't expect btc to hold the 50% for long, it is going to decline the more, but what people need to realise is that it is still the safest bet in the space

I am waiting for bitcoin price increase again after this down and I am sure the price will reach another highest price. if the altcoin could give what bitcoin give to people, then it might be possible but if the altcoin is just like this then bitcoin will still lead the crypto. I would call this situation as correction price for bitcoin before the price reaches the high price and altcoin will down again. maybe this is just the opportunity for the altcoin to adjust their price before bitcoin price increases.

You are just like another FUDers. If you are need the cheap transaction fees and you can try to altcoin as alternative to the bitcoin itself. Whatever you say and the price of the bitcoin will still increase anytime. As you can see how people are realizing about the bitcoin to be the future digital economic system even the bitcoin futures contract runs for well.

I would like to understand, where did this speculation come from, that the Bitcoin will be dethroned?

hahahaha get over yourselves. One coin controlling ONLY half the market and you think it is dethroned hahaha. 1 coin = 1000+ other coins combined. Doesn't really match the definition of dethroned!

talked about this yesterday... and it seems my forecast wasnt wrong.... people is aware of BTC overhyped! time to find a substitute!

Btc has been losing dominance from almost reaching 70% to 50% right now.i am really feeling great after realizing that people is not so stupid to keep on buying btc at insane prices... it was eat to overpriced.
Is the pioneer, but i think there are better altcoins.
Also btc fees are stupidly high.
Hope it get replaced for another better altcoin some day.
Bye btc