What happens if Bitcoin Dominance increases by more than 80%? - page 2.

Handsome Boy

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Quote from: kevinzxz on August 11, 2019, 09:33:55 AM

in my opinion what will happen is :
1. the price of Bitcoin will increase very high, because there will be many investors who are interested to investing in Bitcoin, thus making the price of Bitcoin will increase very high
2. many coin whose prices will go down or even those coin will disappear, because no investor will invest in the coin
3. exchange between Bitcoin and altcoin will have a small volume, because investors will definitely be more interested in exchanging Bitcoin with currencies (EUR, CHF, USD, NZD, YEN, and others).

that is my thought if BTC Dominance increased to more than 80%, then what about your opinion?

Thank You.

in my opinion you are right if the price of Bitcoin will definitely increase very high if Bitcoin dominance becomes 80%, but it will not affect for the price of altcoin to go down, because if market cap also increases then I am sure the price of altcoin will also increase very high like the price of Bitcoin, although not all altcoin prices will increase (only altcoin has good product and idea whose prices will increase).

Leonardo7

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When this happens, I believe the price of some altcoins will just evaporate and never recover again, because the price of bitcoin will just keep going higher and higher. No one really wants to stay in an investment that destroys their portfolio. And some exchanges may as well just close down due to lack of volume and traders from altcoin traders.

YuginKadoya

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Quote from: kevinzxz on August 11, 2019, 09:33:55 AM

in my opinion what will happen is :
1. the price of Bitcoin will increase very high, because there will be many investors who are interested to investing in Bitcoin, thus making the price of Bitcoin will increase very high

I think many are already interested with bitcoin even with the kind of dominance it has now, And as you see this dominance will just continue to grow but as it grows I think that other Altcoin will surely keep on pressing on and if bitcoin increases so are other decentralized Altcoins, because bitcoin is backing up other Altcoins.

Quote from: kevinzxz on August 11, 2019, 09:33:55 AM

2. many coin whose prices will go down or even those coin will disappear, because no investor will invest in the coin

Well if there are coins that will disappear there will still coins that will surely stay because those coins have already established their own popularity I guess Ethereum is one of them, there is a lot that will surely stay and will continue to increase along Bitcoin dominance.

hongus

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I think that he would make the whole market grow and the proportion would remain. If the altcoin market will grow. That bitcoin dominance will decrease. I think that the more coins the less the dominance of bitcoin. And if you consider that not all projects will be scammers, then more than that.

chocopapaya

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I think your analysis is pretty correct.
But the real question is: will btc ever get 80% market dominance?
I don't think so.
BTC is already 9 years old and the crypto market is around 7 years old.

The market and tech has matured to the point where I think it's impossible for btc to have more than 70% market share
Right now, it seems like btc is the only thing that is doing well and just continues to dominate.
But other projects will come to rise and take big chunks of the market.
After all, btc is almost always only an entry point for investors.

kooboat

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Should the dominance of bitcoin continue to grow at that rate then most altcoins are likely to die in some few years to come. Already most of the altcoins are decreasing in value owing to to the high demand for bitcoin and the rise in price of bitcoin. Clearly most investors would rather put their money in bitcoin than to invest in any altcoin.

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Quote from: kevinzxz on August 11, 2019, 09:33:55 AM

in my opinion what will happen is :
1. the price of Bitcoin will increase very high, because there will be many investors who are interested to investing in Bitcoin, thus making the price of Bitcoin will increase very high
2. many coin whose prices will go down or even those coin will disappear, because no investor will invest in the coin
3. exchange between Bitcoin and altcoin will have a small volume, because investors will definitely be more interested in exchanging Bitcoin with currencies (EUR, CHF, USD, NZD, YEN, and others).

that is my thought if BTC Dominance increased to more than 80%, then what about your opinion?

Thank You.

I don't think bitcoin will now ever reach a 80% dominance. There are many new coins and many of them are stablecoins issued in large amounts. They'll act as a buffer controlling the prices of all alts including bitcoin. There are many of new coins that are yet to be listed on exchanges or are to be shown by coinmarketcap. Even if it increased in price sharply, bitcoin would not be able to achieve a 80% dominance.

TastyChillySauce00

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Quote from: blu.storm on August 11, 2019, 10:15:12 AM

given the current market performance, i think we're going to get 80%, so what's going to happen? that the altcoin will disappear almost all save the main ones(eos,eth,neo,monero etc),and the price of btc will skyrocket

If bitcoin really hits 80% dominance I don't think all of altcoins that are not included on top 10 will just vanish into thin air. They will definitely still exist but just with relatively low volume compared to bitcoin but if the market capitalization of the overall cryptocurrency market is rising, huge chance the amount of daily volume will be the same.

baigreen

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Quote from: kevinzxz on August 11, 2019, 09:33:55 AM

in my opinion what will happen is :
1. the price of Bitcoin will increase very high, because there will be many investors who are interested to investing in Bitcoin, thus making the price of Bitcoin will increase very high
2. many coin whose prices will go down or even those coin will disappear, because no investor will invest in the coin
3. exchange between Bitcoin and altcoin will have a small volume, because investors will definitely be more interested in exchanging Bitcoin with currencies (EUR, CHF, USD, NZD, YEN, and others).

that is my thought if BTC Dominance increased to more than 80%, then what about your opinion?

Thank You.

I think domination will be only 51%, this is like a controlling stake. The fact is that if you look at investing, then everyone chooses 50% btc and part of the altcoins. If you look from this point of view, then the domination will be about 51-54%. Because everyone chooses his own portfolio.

blu.storm

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given the current market performance, i think we're going to get 80%, so what's going to happen? that the altcoin will disappear almost all save the main ones(eos,eth,neo,monero etc),and the price of btc will skyrocket

WalkerIVIV

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The investors will be putting more and more their altcoin to the bitcoin but not all of altcoins will be going down but altcoin which was having real product related with bitcoin will keep its rate like CRPT or binance. The price of altcoin will be pushed by bitcoin caused by the domination of bitcoin keeps increase even more.
This will create not a good environment for altcoin.

alt-fire

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If Bitcoin dominance will be higher than 80% than altcoins will start growing an d will show a good raising in price. So neathing fantastic. Circle of altcoins crypto price will return again and again from time to time.

kevinzxz

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in my opinion what will happen is :
1. the price of Bitcoin will increase very high, because there will be many investors who are interested to investing in Bitcoin, thus making the price of Bitcoin will increase very high
2. many coin whose prices will go down or even those coin will disappear, because no investor will invest in the coin
3. exchange between Bitcoin and altcoin will have a small volume, because investors will definitely be more interested in exchanging Bitcoin with currencies (EUR, CHF, USD, NZD, YEN, and others).

that is my thought if BTC Dominance increased to more than 80%, then what about your opinion?

Thank You.

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