What if another altcoin surpasses BTC in value? - page 11.

BitcoinCommodor

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Quote from: JamesAdams on September 29, 2017, 07:09:39 AM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.

i think it never happen but similar to bitcoin atleast ,if that will happen i think i will go to high value coin and invest a little in bitcoin then try to be expert in new coin like i search wallet or anything to know the new coins high than bitcoin

What do you understand by the term "Altcoin "? The new coin you're talking about is an Altcoin and so no new coin can be another Bitcoin even if their operations are similar and uses the blockchain as well.

Even there are altcoins or maybe the coins from splits,like BCH will not surpass btc value,btc can recover from downs. Btc will always be the superior among any coins.

most popular and some altcoin cant be popular with out bitcoin as a mother of all coin and nothing can ever compared i think and super agree with that no coin can surpass the btc now.

No other coin is competing to bitcoin in the market, price is not the main circle of influence popularity also matters and all over the world folks are talking about bitcoin because it is acceptable across many region and it is the most valuable and strong coin of era and no other coin can gain such a strength and value like bitcoin.

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Quote from: rockyfeller on October 03, 2017, 12:27:41 PM

I think ETH will surpass bitcoin in the marketcap one day, because ETH is a reputable coin, investors are emerging to this altcoins. and ETH has alot of ICO.. so i think ETH will be in top .1 in coinmarketcap.

yes, it's even possible that ETH become the first coin in coinmarketcap.
Never heard about DAO platform or ETC (ethereum classic?) ? https://blockgeeks.com/guides/what-is-ethereum-classic/
This example could help you to understand why probably eth is not the best option as altcoin.

rockyfeller

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I think ETH will surpass bitcoin in the marketcap one day, because ETH is a reputable coin, investors are emerging to this altcoins. and ETH has alot of ICO.. so i think ETH will be in top .1 in coinmarketcap.

salmanahmedone

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Quote from: JamesAdams on September 29, 2017, 07:09:39 AM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.

It would matter little and not be as solid. Bitcoin is the coin that traders buy with FIAT to purchase other coins. That is a big reason for its power. The exchanges only use a few coins as a base for trading and Bitcoin has more access points from FIAT than the others. You cannot get Fiat with any alt unless you convert it in bitcoins. This can be consider on factor of bitcoin domination.

BlueStackz

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Quote from: GreenBits on September 30, 2017, 08:58:53 AM

Quote from: Chyton on September 30, 2017, 08:45:59 AM

Actually there is another altcoin that surpasses BTC in value per coin not market cap, that coin is called 42Coin.
42Coin has a price of around $8k per coin as of now, and guess what? That didn't make Bitcoin users to switch to 42Coin.
In the end, price has a little role in increasing the number of coin users.

Stole my reply

the price for all these coins is entirely too speculative. even the price of bitcoin, in this loft state, has no price basis in reality. price isnt a selling point; price can spike at 100% in these markets. Therefore, price is not an indicator of interest/popularity.
Above poster also has an extremely valid point about adoption. 42 coin is pretty old, yet the market cap is utter shit. price doe not equal popularity, as it does in traditional asset markets. Price indicates speculative enthusiasm, in this space Grin

Possibility to surpass the bitcoin is up to zero percent and no coin is so much credible and trustable so that people can left the bitcoin and go toward it, bitcoin is not just coin it is name of excellence believe and faith so don’t get into such debate bitcoin will stay at the top it is a trend setter and no one will cross the boss who has hold of crypto.

Betwrong

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Quote from: nejibens on October 01, 2017, 05:17:07 PM

I think that Bitcoin will still as the first valuable crypto currency online for a very long time. Actually all the altcoins depend in teir prices and trading status with Bitcoin, I am not seeking any altcoin could surpass BTC in the near future at least

Please, read this thread carefully. There are several altcoins which are higher in value than Bitcoin. Do they really cost anything is another question, but it is a fact that their price in USD is higher than of Bitcoin's.

But if we reformulate the topic question to "Can any other altcoin be more important than Bitcoin?" then I would answer no, Bitcoion has always been and will always remain the most important crypto.

I have the same thought that BTC is the most important crypto money that has been kept by wider usage for the investors. Due to the expectation on the long run btc might perform better than all, this is what we have current situation. It increased more than 400% in this year compare to last year, it fluctuates a lot but in a period of time it is worth to keep it.

Yep, the biggest mistake some holders make is panic selling when Bitcoin goes down. Keeping it for a longer time is the key. It was shown to us many times that however low Bitcoin falls it will recover with time and will rise even more than before. We can't say the same about other cryptos, although keeping some of them is not a bad idea too. It's just pretty hard to determine which ones exactly.

kevpantof

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Quote from: DaedRik3 on September 29, 2017, 07:12:22 AM

It can't happen since BTC is here from the beginning, or maybe in a few decades so it's easy to see it coming.

If we make a comparison of all the coins present in the world of crypto currencies, then there will be only one name at the top of list and that is Bitcoin since the time this concept of Bitcoin was introduced. We never know what will happen in the future but I am very much positive that Bitcoin will remain on the top of list.

chocolah29

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Quote from: dondexter on October 02, 2017, 06:23:03 PM

Quote from: JamesAdams on September 29, 2017, 07:09:39 AM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.

It is not likely, but possible. I think it will be great to diversify. In fact, there're already very good reasons to diversify as some of the coins have very good roi.

Maybe it will take many years but knowing bitcoin it's so far to happen.
Of course when an altcoin rises, bitcoin will also rise like bitcoin will be never left out to this world.
Bitcoin will always be the best and father of all coins. And thinking bitcoin is too big to defeat by anything not anyone.

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Quote from: ImHash on October 02, 2017, 06:21:47 PM

Bitcoin will remain the number one like USD. other coins will compete like many are competing with USD.

Noone can predict the future.There are good alternatives for Bitcoin at the corner. The main problem is to keep price stable.

ohlawdy

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Well it is interesting to see what is gonna happen , however i don't think it will happen.

The upcoming forks must go very wrong to see it happen .

Wexnident

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Quote from: JamesAdams on September 29, 2017, 07:09:39 AM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.

I'd stick to Bitcoin ofcourse. That is possible to happen but we all know that altcoin is only good for short term investment and Bitcoin is still better for long term investment. One good example is ETH since it is oftenly used in ICOs it has a chance to reach the same market cap of Bitcoin, but Bitcoin still has a large market value. So I will still hold my Bitcoin no matter what.

jamids

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Quote from: JamesAdams on September 29, 2017, 07:09:39 AM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.

I consider bitcoin as an investment and if I see another altcoin that would surpass it then maybe I would shift to that coin simply because I would invest to the coin that would be more profitable. Another option is to invest as well to that altcoin not leaving bitcoin totally because it might be just temporary because of a hype. Bitcoin has a strong support from its community that's why it always goes back up because of the demand and if another altcoin would totally surpass bitcoin in terms of demand, price and support then maybe I would invest more to this altcoin.

Freyya08

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nothing is impossible even in the cryptoworld and so, if an altcoin happens to surpass the greatness of btc, then be it. but me buying those tokens will still depend on the coins performance and progress over the months or years it stayed on top of the list. however, it will take quite a long time for this coin to surpass btc and developers will need a lot of effort and time to be able to achieve such goal.

PalindromemordnilaP

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Leave it like that then. So be it. But i don't think Bitcoin's value that time will be too low compared to the coin that surpasses its value and i don't think that i will be selling my bitcoins just to have the more valuable coin in the market. But it will be a good idea to invest that new coin instead rather than selling my bitcoins that i have so I'll be keeping my bitcoins and hold it as long as its value keeps on rising that time.

DoublerHunter

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Quote from: andthereyou on October 02, 2017, 07:12:56 PM

Quote from: erickkyut on October 02, 2017, 06:52:26 PM

I think it is not possible for some altcoin to overcome Bitcoin. All of the altcoins are Bitcoin based. I mean, look at the exchange sites, how can you buy an altcoin? Of course through Bitcoin (and some via Ethereum). Aside from that, Bitcoin is the one who started it all. Therefore, it is the mther of all coins. And lastly, it is the only coin with unknown developers. We inly know its developer by the name of Satoshi Nakamoto.

Yes I agree it's impossible for other altcoin to overcome Bitcoin. It's like a tree, Bitcoin is the root and the altcoins are the branches. Without the root the tree will die.

It is not the same concept in bitcoin. If bitcoin will die then the altcoins will survive because there is already a lot of exchanges that accepts other altcoins as an exchange to other and not only bitcoin and the perfect example for that is the ethereum coin which you can use to trade altcoins in different exchanges.

andthereyou

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Quote from: erickkyut on October 02, 2017, 06:52:26 PM

I think it is not possible for some altcoin to overcome Bitcoin. All of the altcoins are Bitcoin based. I mean, look at the exchange sites, how can you buy an altcoin? Of course through Bitcoin (and some via Ethereum). Aside from that, Bitcoin is the one who started it all. Therefore, it is the mther of all coins. And lastly, it is the only coin with unknown developers. We inly know its developer by the name of Satoshi Nakamoto.

Yes I agree it's impossible for other altcoin to overcome Bitcoin. It's like a tree, Bitcoin is the root and the altcoins are the branches. Without the root the tree will die.

bling-bling

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Quote from: JamesAdams on September 29, 2017, 07:09:39 AM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.

Let’s assume that by some miracle bitcoin was out throned by another coin, then it will be treated by traders no other way as bitcoin when it went up in the charts. It will be just another coin with a high value that many will take advantage of..

aryaadikariyansyahsuwarto

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I think it will not happen, because bitcoin has been set as the parent of all coins, so if other altcoin prices rise, then bitcoin will also increase, because I think brands are mutually mutual. But not also close the possibility that it will happen.

erickkyut

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I think it is not possible for some altcoin to overcome Bitcoin. All of the altcoins are Bitcoin based. I mean, look at the exchange sites, how can you buy an altcoin? Of course through Bitcoin (and some via Ethereum). Aside from that, Bitcoin is the one who started it all. Therefore, it is the mther of all coins. And lastly, it is the only coin with unknown developers. We inly know its developer by the name of Satoshi Nakamoto.

Simss

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Quote from: JamesAdams on September 29, 2017, 07:09:39 AM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.

indeed in the world of cryptocurrency all possibilities could happen, but i will still hold my btc as parent of altcoin because i think even though XMR or ETH can surpass BTC, it will not last long.

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