What would happen if another cryptocurrency took Bitcoins place in Market Cap? - page 11.

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Quote from: 8CommaClub on February 22, 2018, 03:05:58 PM

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

Its already happened, the capitalisation of Ripple far exceeds Bitcoin. However most Ripple is stored with a few of the owners and will only pay out in future for their benefit. However I choose to refer to that value in realising Ripple is likely far over valued vs its actual usage.

Little matters beyond actual usage, the prices are speculation but trade in Bitcoin done for FIAT or other goods is the largest true economy and there isnt crypto close to that. Distribution of a coin is one indication of a real market

sheldonnnn

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I doubt that there is any other cryptocurrency or altcoin that can supersede the bitcoin. At least not for the next 5-10 years. Of course there are many rising competitors like Ripple, Litecoin and Ethereum. But Bitcoin is historically the first and best crypto currency. It’s been just a few years since the bitcoin came into existence and there’s still a long way to go.

dewi91

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I don't think another coin can take over bitcoin place especially in the near future because bitcoin has become the king of crypto currency for a long time and also until now the price gap between bitcoin and eth are very far.

Trimegistus

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BTC will rule for now but as soon as ETH moves to Casper and implements a solid PoS network, BTC will have to struggle to keep the current leadership

jeremypwr

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It probably will never happen but if it were to occur, the smart bet would be that Ethereum is the coin to take BTC's place in Market Cap.

What would happen? HODLers of ETH would rejoice!

rossr1

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I think this would cause a big changes in the way how bitcoin looks, and also in the way how investors see their bitcoins, so they will not any more think the Bitcoin is supreme, and the best.

mornabo

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Quote from: 8CommaClub on February 22, 2018, 03:05:58 PM

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 will be the a great news if someone from the altcoins will takeover bitcoin. Ethereum can do but they still need to fixed all flaws of their blockchain but so far they are on par with bitcoin. The integration of smart contract make them famous and considered an advanced on technology. Also other project like NEO can move forward but it will take time. If 5 yrs from now other project will take over, probably we can see a great future on cryptocurrency.

Nope it will not happen any time soon, and I think ethereum will not be able to take over bitcoin positions, users are more comfortable using bitcoin for their main assets, and ethereum is just an option for their investments other than bitcoin, maybe a few years to come, there will be other competitors

Grayy

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The price of the supposed new top coin would determine the price of other cryptocurrencies in the coin market. This coin would have to have some extraordinary features aside blockchain. It's clear we haven't reached that stage yet.

thecoder2017

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It is possible to happen especially now that there are many new coins emerging and we cant control what will happen to crypto world and if someone can surpass bitcoin and become number one in the market i think people will support it just like bitcoin.

zakariajaki

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my view of who is in the top position besides bitcoin, I think it's no problem anyone can occupy the pucak position, either eth, monero, etc, because each altcoin has its own strategy to attract people's sympathy by gaining their trust, and I think it's better when it's not the pucak position inhabited by whom, but how can crypto always survive and become legal so we can work more comfortable and safe, hopefully useful and successful for all of us

darkangelosme

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Quote from: 8CommaClub on February 22, 2018, 03:05:58 PM

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

That is not impossible to happen dude, there is so many cryptocurrencies out there that are much more useful than bitcoin, for example ethereum for its capability to hold erc20 tokens that are extremely useful for ico projects. And if that would happen it is very sad moments for those who have invested a lot on bitcoin, and the new era cryptocurrencies will born Cool

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rainezerr401

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Quote from: 8CommaClub on February 22, 2018, 03:05:58 PM

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

Its normal, any cryptocurrency can actually replace bitcoins in the future, ethereum has the chance to replace bitcoins if most of the people will be preferring to invest on eth more than bitcoins demand and supply is always the answer for the price of cryptocurrency pump up.

soname12

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Quote from: 8CommaClub on February 22, 2018, 03:05:58 PM

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

ETH will be the new king in a few years and Bitcoin will be in second place after ETH. I am sure of this prediction because the crowd trend is supporting ETH more than bitcoin

nickwen

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Quote from: 8CommaClub on February 22, 2018, 03:05:58 PM

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 other currencies replace the number one position of Bitcoin. I think People will trade bitcoins less than and gradually Bitcoin will fall into oblivion. But of course, this will never happen to Bitcoin

Hypnosis00

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It will have a huge effect in the whole market because the altcoins will not have a clear basis for following a certain trend in the market because they used to follow the trend of bitcoin and if something goes wrong in bitcoin then the altcoin will have its effect also and that is why there will be a huge effect and confusion in the market if bitcoin will be dethrone in market cap.

barbara44

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Quote from: 8CommaClub on February 22, 2018, 03:05:58 PM

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 believe that any cryptocurrency that takes the number one position in the coinmarketcap list begins to control the market just as Bitcoin is doing now. I have noticed that most cryptocurrencies on the list usually moves accordingly with Bitcoin; whenever its price goes up, others follows and whenever the price starts to go down, others will follow too. But that doesn’t that Bitcoin will come to an end, it will still be there competing for a better position just like the others are doing now.

jonatuzc

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Quote from: warrior333 on June 22, 2018, 08:43:13 AM

I don't think anything will happen. Bitcoin has always been and will remain the first number. In order for the capitalization of any cryptocurrency to increase, huge money and coordinated actions are needed in the market of those who invest this money. But the most difficult thing is to keep the capital. It's difficult.

Yes for sure, it will remain as the first on the list, but I don’t know if that’s forever, it’s also possible that another cryptocurrency can take its place if it no longer offers what investors are expecting from it, just like many were complaining last year that the fees for transaction was too much and they did correct it this year, and we can all see that the fees is now very low.

It’s no longer fast as it used to be at first and we are still yet to see the lightening network that they promised us, but if that will introduce more fees to makes things costly, then I will recommend they ignore that project and focus on something more better.

(o)(o)ilikeboobs(o)(o)

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Quote from: 8CommaClub on February 22, 2018, 03:05:58 PM

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 there would be a coin, but not today, not this year. other coins have long road to catch up with bitcoin.
by that time, btc's price would be so much higher.

but I still hope that there would be that day. make whole market so much fun

codegnome

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We would have a new best cryptocurrency on the market, like now and we will based on this coin and his value will be the most important.

gowobonyok

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not a bad thing, because they are still in the same market. and the most important is the condition of all the coins in the market. if you say if there is a coin that will take over bitcoin, maybe it is etherum.

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