What do you suppose will happen when BTC loses it's dominance? - page 8.

solarion

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Quote from: mc.craigsvictor on January 28, 2018, 01:35:19 PM

Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?

14% of the bitcoin has been hacked recently in one the trading site. That made price dumped in the market in the meanwhile South Korean Goverment oriented banks invested on the crypto currency trading so completely it balanced the value in the marketplace.
Hopefully we finds the bitcoin value booms again in the market. Many of us know that 80 percent of the coins are holded by the initial time miners and still stays in the same place. None of the coin will not be able to overcross the bitcoin.

ABCbits

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Crypto Swap Exchange

Market cap isn't accurate ways to measure BTC dominance, especially some altcoin only have high market cap due to hype, marketing or pump by developer/community. Also, BTC can't stay dominant since each cryptocurrency have different features or roles such as smart contract, DAG & zero-proof knowledge.
But, i'm sure Bitcoin technology will continue developed over time and still have potential for mass adoption.

meer45

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I'm thinking that bitcoin losing its dominance will not necessarily be a bad thing, because the blockchain definitely was not capable of handling all the traffic back when the interest in bitcoin was at an all time high. If the interest in bitcoin goes down, the dev team will hopefully have bigger opportunities to improve the infrastructure (implementing lightning network etc.), meaning bitcoin will assume the first place once again. So perhaps bitcoin has to go down even more before it can start going up once again.

Drunkenhorse

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It will loose its dominance for sure, unless they make a great fork that will change bitcoin into something better. for now it is old and very expensive and yes very slow

I think another great alternative will come, like it always happens.

mc.craigsvictor

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Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?

Topic: What do you suppose will happen when BTC loses it's dominance? - page 8. (Read 847 times)