Which currency will dominate the crypto market? Please vote! - page 8.

bryant.coleman

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Quote from: cutesgirl on October 11, 2019, 08:31:37 PM

Bitcoin will dominate the crypto market now and next time, bitcoin is the king for all altcoin and always dominate with crypto market. Bitcoin have stable price than we look at altcoin some time can drop very lower price, many investor want to get safety with investment and buy bitcoin as their investment for the future with less risk by bitcoin price.

There is no doubt that Bitcoin is the most stable cryptocurrency out there (if we exclude the stablecoins such as Tether and Pax). Earlier when there was turbulence in the market, people used to convert the altcoins to BTC, in order to save the net wealth. But with the popularity of Tether (USDT), Bitcoin has lost this role. People are no longer using Bitcoin to save them from market volatility, as they are having better options now (Tether.etc).

cutesgirl

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Bitcoin will dominate the crypto market now and next time, bitcoin is the king for all altcoin and always dominate with crypto market. Bitcoin have stable price than we look at altcoin some time can drop very lower price, many investor want to get safety with investment and buy bitcoin as their investment for the future with less risk by bitcoin price.

darewaller

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Quote from: ?? on ??

An interesting question, of course, but it is definitely impossible to answer it, since no one can predict what the market will be in the future. But according to Coinmarketcap statistics, it is clear that Bitcoin, Ethereum and XRP are leading

If cryptocurrency gets the chances of surviving, I think that bitcoin will be the main coin that will surely dominate the market and dominate all currencies because right now, it seems like it is the one that is the major coin that people have really relied on, when it comes to fiat system, bitcoin technology supersede them, and when it comes to cryptocurrencies, bitcoin is still their king.

Since Ethereum has been establish, they even came with the intention of sending bitcoin away from the market, but now, people would rather prefer to make all their transactions through bitcoin than to make any through Ethereum. If we are looking for an alternative to bitcoin in future, I think that is when we can think of making use of Ethereum s the alternative because we don’t have a choice.

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USDT can have a very high trading volume like that because I think USDT can be used in many places and does not have a country limit as happened in bitcoin which has certain restrictions in some places, as long as the demand is very high then the volume can increase as happened at USDT.

Darooghe

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Pay attention that USD losing dominance doesn't mean Bitcoin takes its place automatically. The Yuan, the EURO and maybe others will try to dominate, and maybe there will be a new currency will arise which is an aggregate of the USD, EURO, YUAN and a couple of other strong currencies. Bitcoin actually may be part of it, but it's unlikely. Bitcoin doesn't aim to replace the US dollar or any other top fiat currency. It aims to be a safe haven like gold, and an international currency that is used alongside national currencies. Bitcoin will worth more USD, but not because Bitcoin appreciates, instead the USD is just devaluing.

The main problem with BTC is that it's too unstable. It can literally go from $3,000 to $14,000 in some months. The Dollar and the Euro don't have these problems. One dollar is one dollar, it will not lose or gain a lot of purchasing power over night. BTC is great but not as currency, and because of this it cannot be dominant in any fiat currency market, but will remain dominant in the Crypto market.

ecnalubma

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I was confused of the pool maybe you should have remove some of the choices, but in my opinion Bitcoin will become more dominant in the crypto market because of its appreciating value although its not consistent but we witness its growth over time. I don't consider Tether as its close competitor because its only pegged to a dollar and don't have intrinsic value.

Arkann

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I believe that it is Ethereum that will lead in the cryptocurrency market, since it is a universal coin, which is a full-fledged coin with its own blockchain. The development team is still working on improving the ethereum, which is very strongly displayed on its technical characteristics. Undoubtedly, I would also like to mention the USDT coin, which is a very important link in the cryptocurrency market and fiat currencies.

Sithara007

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Quote from: jmigdlc99 on October 09, 2019, 01:11:12 AM

It's funny how USD is on the voting list when it's not even a cryptocurrency.

On the other hand, i find that Bitcoin is the only real competitor when it comes to cryptocurrencies and real world adoption. Unfortunately the other altcoins have proven themselves too slow to growth or adoption. Even Ethereum is hard pressed to churn out new developments, but hopefully i am proven wrong soon.

In that case, stablecoins such as Tether (USDT), USDC and Pax USD should also be excluded from the voting list. They may be in a format that is similar to the other cryptocurrencies, but they are not decentralized and their exchange rate is pegged to the US Dollar. I would consider them just as digital versions of fiat currency rather than real cryptocurrencies.

Now coming to the development, Bitcoin is the only coin that is guaranteed of continuous development. Because no other cryptocurrency can boast of such a large and selfless team of developers, that BTC possesses. ETH is far behind and the problem with Ether is that the developers are also the promoters. They own huge amounts of ETH in their wallets (including Vitalik) and they think more about the short-term profits rather than the longer duration well being of the coin.

jmigdlc99

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It's funny how USD is on the voting list when it's not even a cryptocurrency.

On the other hand, i find that Bitcoin is the only real competitor when it comes to cryptocurrencies and real world adoption. Unfortunately the other altcoins have proven themselves too slow to growth or adoption. Even Ethereum is hard pressed to churn out new developments, but hopefully i am proven wrong soon.

cutesgirl

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Only bitcoin dominance in crypto market now, check or open coin market cap and you can see how many percent of bitcoin dominance every day, for today I see bitcoin dominance about 66% and could raise to 70% next day, why altcoin less dominance because price keep lower and bitcoin can give hope for investor and have higher dominance.

Sithara007

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Quote from: ifinta on October 04, 2019, 04:07:29 PM

I think, USDT and the Firm of behind producing a normal Central Bank effect for Theter. They issuing with USDT a right for many exchanges to trade with USDT. They don't need so much USDT as it will be traded. They storing an amount of USDT in true USDT account on the Bitcoin blockchain, but this accounts are very strange secured, not THE USDT will be traded on the exchanges, only a similar token. And many trade are daytrade or trades through bots. It means, it will be traded ( trough an Tethered Tether Cheesy

) many times at the same day, but only a very little portion of USDT, behind such trades, moving really. But in TRADED VOLUMEN on the coinmarketcap.com should we calculate with every trade... Or?

Oh... so this is the secret behind Tether having 5x daily volumes when compared to its market cap. But if they give the right to issue Tether to these exchanges, then where is the trust factor? Earlier they were claiming that USDT was completely backed up with assets designated in USD. How can we make sure that these exchanges are backing up USDT?

Also, I don't think that the trade volumes using "Tethered Tether" should be included in the coinmarketcap volume. Can anyone tell me the volume of USDT withdrawal from the exchanges (if that data is available from any of the exchanges)? I really doubt that this volume is going to be really low, as Tether is mostly used for transactions within the exchange.

ifinta

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Quote from: bryant.coleman on October 02, 2019, 12:39:37 AM

From the chart, a few interesting things came to my notice. For example, the market capitalization of Tether is just around $4.1 billion. However, the daily trade volumes are more than 4 times of this amount. How this can be possible? Either the Tether trade volumes are being inflated by a factor or 10x or 20x, or the calculation of the Tether market cap is wrong.

Ideally we should not be including stablecoins such as Tether in our calculations while talking about cryptocurrency. Tether is just a digital version of the fiat currency rather than a cryptocurrency with its own value (similar to BTC or ETH). IMO, Bitcoin is dominating the market and will continue to do so. Currently it enjoys more than two-third market share, and on top of that most of the altcoin trading is conducted in BTC.

I think, USDT and the Firm of behind producing a normal Central Bank effect for Theter. They issuing with USDT a right for many exchanges to trade with USDT. They don't need so much USDT as it will be traded. They storing an amount of USDT in true USDT account on the Bitcoin blockchain, but this accounts are very strange secured, not THE USDT will be traded on the exchanges, only a similar token. And many trade are daytrade or trades through bots. It means, it will be traded ( trough an Tethered Tether Cheesy

) many times at the same day, but only a very little portion of USDT, behind such trades, moving really. But in TRADED VOLUMEN on the coinmarketcap.com should we calculate with every trade... Or?

FanEagle

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Quote from: suhadi88 on October 02, 2019, 05:37:09 AM

I am only in Crypto trading, investing and Bounty campaigns. From where I am working on this I see that very dominating the coin market is Bitcoin and Ethereum. Bitcoin is clear that this coin is the first digital currency.

Ethereum is a coin with a big supporter because this coin is used to platform many projects ICO, IEO, and STO. So I argue that for long-term investments or trading Bitcoin and Ethereum are very precise. In addition in the year, 2019 Bitcoin has been back up very high reaching $10,000 more.

It is not just about saying it with our mouth that bitcoin will dominate, bitcoin will dominate if we all see to it that it does, and with what I have seen of recent from people's activities, I think they are more after buying and selling of the cryptocurrency for profit reason and not for currency reason.

All the fluctuations that we are seeing today and all the massive dumping we get most often is because we have people who are just investing at low and then taking profit at high, but no one is willing to establish a business that will accept bitcoin as payment or Integrate the payment system into their already existing business. Many of us here in the forum all have our business, but if you ask how many people have actually promoted bitcoin by accepting it in their store, you will only find few people.

Sithara007

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Quote from: Btcvilla on October 03, 2019, 09:15:49 PM

With higher volume I thin Tether is most interested dominance in cryptocurrency, many people and country using USD for all transaction kind for payment an export or import always use USD, other coin dominance is bitcoin because have stable coin price very day or every year, just waiting what do you want to collect with dominance coin.

Tether volumes are not real. In some countries, it is not allowed to trade cryptocurrencies against fiat currency (such as the United States Dollar or the Chinese Yuan). Exchanges based in these countries give the option of trading against USDT as opposed to USD. Since the trade occurs within the exchange, real Tether is not used in most of the cases. The exchanges use it as a temporary store of value. The vast majority of the USDT trade volume actually comprises of USD. This is clear, if you check the Omni Layer, which is used as a platform by USDT.

A large part of the Tether volume reportedly comes from China, where the exchanges are banned from using fiat currencies such as CNY. Two of the biggest exchanges there (Huobi and Binance) have reported the use USDT for close to 50% of all the trades. But the picture is clear when we check the stats related to the USDT token. The number of active wallets were measured at just 78,100 two months back by CoinMetrics. Now compare this to the tens of millions of wallets both BTC and ETH are having.

Btcvilla

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Quote from: ifinta on September 15, 2019, 06:32:07 AM

And my opinion about bitcoin, crypto's - don't changed:
https://www.reddit.com/r/Bitcoin/comments/9u2men/a_criticism_of_bitcoin_as_a_kind_of_money_and_a/

With higher volume I thin Tether is most interested dominance in cryptocurrency, many people and country using USD for all transaction kind for payment an export or import always use USD, other coin dominance is bitcoin because have stable coin price very day or every year, just waiting what do you want to collect with dominance coin.

bryant.coleman

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Quote from: alyssa85 on October 03, 2019, 12:18:39 PM

It does have some value (otherwise you wouldn't be able to use it to buy anything!

1 Doge basically hovers between $0.002200 and $0.002545, and it's been like that for years and years. It's one of the most stable coins there is, which is why it's so great for ecommerce.

I use doge myself to buy giftcards from time to time.

Yes. As of now DOGE does have some value associated with it. But I was talking about the long term prospects of this coin. I don't expect a coin with ZERO development to survive in the game for too long. It was created as a joke and the developers are no longer interested in it. I don't know why some of the cryptocurrency users are still showing interest in this coin.

I expect the value to go down sharply in the next few years (or even months). Less established cryptocurrencies have underwent hammering during the last three months, and the DOGE exchange rate has also gone down from 55 Sat to 25 Sat during the same duration. With more than 5 billion coins added every year to the circulating supply, it needs an increasing market cap to maintain a stable exchange rate. That is not happening now.

hahahafr

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I don't think we need to vote on this as the answer it's pretty clear to us all. Bitcoin has been dominating and would forever be. Stats on coinmarketcap don't lie, you can always watch it from that end.

adamlillian

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I think bitcoin is still the dominant currency for many years to come. why? because I believe that manipulators will never leave bitcoin when it affects the psychology of traders.
They often manipulate the price of bitcoin to profit from the mistakes of traders and strengthen money laundering transactions with bitcoin a lot.
Bitcoin is actually a great tool of the terrorists ever, so its value can still increase sharply.

alyssa85

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Quote from: bryant.coleman on October 03, 2019, 08:24:00 AM

Oh my god. Now I have seen it all.

I agree that millions of people use DOGE and it remains as one of the most popular cryptocurrencies (but not one of the largest, in terms of market capitalization). And you agree that DOGE has seen no development for many years now. Those who created this coin (Jackson Palmer and Billy Markus) are not involved in it anymore and they have moved on with other projects.

One of your arguments is true. It's value is not increasing (for obvious reasons) and therefore people find no reason to hoard it. The fee is very low, and therefore it is being used for payments in a lot of online stores. But in order to remain as a currency, it should have some value associated with it. And ideally a coin that is created just for a joke should not be having any.

It does have some value (otherwise you wouldn't be able to use it to buy anything!

1 Doge basically hovers between $0.002200 and $0.002545, and it's been like that for years and years. It's one of the most stable coins there is, which is why it's so great for ecommerce.

I use doge myself to buy giftcards from time to time.

Findingnemo

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Bitcoin = Financial freedom

Quote from: redsun114 on October 03, 2019, 06:38:54 AM

Quote from: Findingnemo on September 17, 2019, 07:39:58 AM

Quote from: Renampun on September 17, 2019, 04:47:32 AM

OP knows that Bitcoin is the market leader,
but what is meant by the OP is the currency issued by the state,
I choose "THE Just another USD as a crypto"
because I realize that the influence of the US will not weaken, they will be very vigorous to make their favorite currency as a ruler,
and in the crypto world too, surely they will try to make the USD a ruler.

So OP got misleading title to his topic!

US may not have any supermacy in the decentralized market and they already allowed the centralized tokens like libra to nullify the decetralized cryptos.

I do not see in any way that Libra can neutralize the decentralized system of bitcoin because everything all depends on the choice of people. They might create a centralized system, but it would be impossible for them to impose it on people, and once people see that they are not benefiting from it which I know that they can never benefit from a centralized coin, they will surely stick to decentralization and this is why no matter how powerful that a decentralized coin maybe, there is no way they can ever bit the bitcoin.

This coin will always remain the most powerful coin on earth, except maybe Libra is willing to operate a full decentralized system, then I can have the fear that it could take away the power of bitcoin away, but till then, there is no way that decentralization can be nullified.

I agree that libra is not going to be benefitable to the community who is using cryptos now but still 99.9 people don't know about decentralized applications so they might think that libra is the real and trusted crypto currency since its one of the monopoly of social media company so we might not be scammed.

Eventually people realize what is need and what is shit but US may consider libra can attack decentralized money that is why they allowed it on their country.

Topic: Which currency will dominate the crypto market? Please vote! - page 8. (Read 2507 times)