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Topic: What would happen if another cryptocurrency took Bitcoins place in Market Cap? (Read 2669 times)

newbie
Activity: 6
Merit: 0
People in long positions beyond their means at the time of the crash will have impacted their balance sheets in a negative manner and missed out on other investment opportunities during the time they had their money tied up. People that got involved in blockchain technology, because of bitcoin, and weren’t just trading bitcoin will have learned quite a bit about blockchain, and vaporized investments.
hero member
Activity: 1470
Merit: 555
dont be greedy
surely there will be a big change in our cryptocurrency orientation, maybe there is something wrong with bitcoin so that its popularity is declining, as we know that the existence of bitcoin in the cryptocurrency universe is very strong, very difficult to be able to replace its position if no organization has planned to drop it, like a political game
jr. member
Activity: 406
Merit: 2
This is unbelievable, because in fact altcoin to survive they cannot afford to have valuable values like bitcoin, we see that many new altcoins appear as promising in every ICO but after a while the ICO ends the altcoin price evaporates, even though there is some have survived, but nothing has fluctuated like bitcoin, although this may be a matter of time but I am pessimistic this will happen but if it really does, surely many investors will think again because the trust factor in bitcoin cannot be replaced by any altcoin
full member
Activity: 2142
Merit: 183
This case is already interesting in that if a cryptocurrency that takes the place of Bitcoin does not have too large a level of capitalization, that is, its capitalization does not differ too much from the level of capitalization of the lower coins in the table, then most likely such a new cryptocurrency leader cannot have a tough price dominance over other types of cryptocurrency, as Bitcoin is doing now. It is possible that then the cryptocurrency can develop more freely.
sr. member
Activity: 686
Merit: 250
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Nothing will happen except that the name of the top coin will be different but it is unlikely any of the current coins can take that spot out of bitcoin because they do not really bring anything that is revolutionary to the market to take that position away, we will need a completely different concept for that to happen and I am not sure if I am going to see it.
member
Activity: 253
Merit: 10
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Well if that will happen thier will be a new king on crypto but as we see so far that theres no other coin can surpass the value of bitcoin.
hero member
Activity: 1148
Merit: 527
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

I don’t think that another coins would replace bitcoin because it is impossible for them to reach the price that bitcoin had reached.
Well there is nothing out there in the crypto market that is impossible. The revival of ETH can again pose a threat to the Bitcoin in long run like it did few months ago.

This is just because of the pace with which ETH was growing. Right now, I do not see any other coin so advanced to reach Bitcoin any time sooner except ETH again and Litecoin. Because these altcoin have gotten great potential in long run and we might see them growing high like Bitcoin. However it will take long time.
full member
Activity: 602
Merit: 118
Every cryptocurrency in the market, their development depends heavily on the supportive population behind them, if their finances grow stronger and make a large number of purchases, then the amount of supply will experience a deficit, and the increase in prices is inevitable.

So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

If, the situation really will occur, it may be that mass crypto destruction will occur.
full member
Activity: 323
Merit: 100
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

Maybe the one capable of taking over is ethereum. But it's almost impossible, so I think it still takes a long time to take the throne. Because even though there are capable ones, it remains difficult too. Because bitcoin is very strong with its potential. And maybe other coins will only follow bitcoin. But if one day someone takes over, maybe the cryptocurrency will start again. That's all I think if someone replaces bitcoin.
jr. member
Activity: 280
Merit: 1
The trend of the market might change because another coinc is leading the market, and that will be the referrence coin ,so this event might gonna happen ,especially this coin come to rise up to popularity , so the market I think will be reshuffle ,according to the popularity of every coin.
member
Activity: 196
Merit: 10
“Blockchain Powered Clinical Trial Management”
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Well if that will happen thier will be a new king on crypto but as we see so far that theres no other coin can surpass the value of bitcoin.
In order for some altcoin to become king, is not enough to take first place. He needs to prove himself, to defend this first place by trading volume and time spent during on the pedestal.
full member
Activity: 512
Merit: 100
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

Did you know that (XRP - Ripple) beat bitcoins for being a top 1 in market cap (volume 24 h) last year? I think it is possible near future that bitcoins will be replace in the top in cryto currencies daily volume.
member
Activity: 210
Merit: 10
Dronair Best Operating For Cargo Robotics Industry
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
I think that is normal. It's going to be like Bitcoin now, still headed and lured by many investors. Bitcoin accounted for more than 60% of the market share because it was the first electronic currency to be issued and this is the only reason that attracts many investors.
hero member
Activity: 1470
Merit: 509
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

I think it only means that, the crypto system is moving and alive, some people are saying that the whole crptosystem is gonna die but because of that happening, we could say that people are still in to cryptocurrency. That is a great news more than a bad one. I believe there are many altcoins that could take bitcoins post any minute, because there are just so many good and promising coins out in the market.

I don't think so that cryptocurrency will going to die at any time soon. Maybe in the future or could be not because its concept is really good compared to the concept of fiat money where there are many regulations from third parties like the banks and the government.
It might happen but its takes a year before Bitcoin replace by other crypto because this coin is first created and exist for more longer years until now. If there's a crypto replace it, I think the decision is based to the people who are still in Bitcoin and I think replacing Bitcoin will never happen. For me just a next in Bitcoin or second to the best only are the crypto can replace but not the Bitcoin.

I agree with you, Bitcoin is the most reliable member of cryptocurrency, perhaps the reason for the present existence and Bitcoin's fall to second place will cause crypto to fall to second place. Maybe this will happen in the future, but not in the near future.
copper member
Activity: 672
Merit: 270
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

I think it only means that, the crypto system is moving and alive, some people are saying that the whole crptosystem is gonna die but because of that happening, we could say that people are still in to cryptocurrency. That is a great news more than a bad one. I believe there are many altcoins that could take bitcoins post any minute, because there are just so many good and promising coins out in the market.

I don't think so that cryptocurrency will going to die at any time soon. Maybe in the future or could be not because its concept is really good compared to the concept of fiat money where there are many regulations from third parties like the banks and the government.
It might happen but its takes a year before Bitcoin replace by other crypto because this coin is first created and exist for more longer years until now. If there's a crypto replace it, I think the decision is based to the people who are still in Bitcoin and I think replacing Bitcoin will never happen. For me just a next in Bitcoin or second to the best only are the crypto can replace but not the Bitcoin.
sr. member
Activity: 756
Merit: 294
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

I think it only means that, the crypto system is moving and alive, some people are saying that the whole crptosystem is gonna die but because of that happening, we could say that people are still in to cryptocurrency. That is a great news more than a bad one. I believe there are many altcoins that could take bitcoins post any minute, because there are just so many good and promising coins out in the market.

I don't think so that cryptocurrency will going to die at any time soon. Maybe in the future or could be not because its concept is really good compared to the concept of fiat money where there are many regulations from third parties like the banks and the government.
full member
Activity: 1890
Merit: 101
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
I don't think it has any effect, because from what I see now that the average all cryptocurrencies in circulation are independent cryptocurrencies. For example, the price of Ethereum/Bitcoin is very far compared to the price of Ethereum/Bitcoin in 2017, that means the price of Ethereum is not influenced by Bitcoin, as well as some coins in the top 100, most of which are independent coins, CMIIW
member
Activity: 868
Merit: 63
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

Then probably it is the new coin that will lead. Performs the stuffs that bitcoin is doing and such. But I believe the coin that will push down the bitcoin is not will be born. It will be an infinite bitcoin on top. It will stays as the king to beyond and helpmus to have a more furnished future.
hero member
Activity: 916
Merit: 500
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?

I don’t think that another coins would replace bitcoin because it is impossible for them to reach the price that bitcoin had reached.
jr. member
Activity: 142
Merit: 2
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?


This is very impossible we all know that bitcoin is the pioneer of all types of crypto currency. Never comes in my that other crypto could replace the popularity it. In short bitcoin the the "KING OF ALL KINGS"  in crypto world. But if that's happen it would be good to all of us because we already have to types of crypto that have strong rank in the market cap. Smiley
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