Which currency will dominate the crypto market? Please vote! - page 9.

bryant.coleman

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Quote from: alyssa85 on October 03, 2019, 07:50:34 AM

Regarding "which coin will dominate", I'm going to go with Dogecoin.

This remarkable little coin has had no development for years (which the exchanges love because they don't have to keep updating wallets). It's on all the exchanges, there are never any delays when you send, the fee is trivial, loads of retailers accept it, eg some of the online casinos. And best of all no-one thinks it is a store of value, so people are happy to spend instead of hoarding.

If any coin is going to become a currency as opposed to an asset, it's doge.

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.

alyssa85

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Regarding "which coin will dominate", I'm going to go with Dogecoin.

This remarkable little coin has had no development for years (which the exchanges love because they don't have to keep updating wallets). It's on all the exchanges, there are never any delays when you send, the fee is trivial, loads of retailers accept it, eg some of the online casinos. And best of all no-one thinks it is a store of value, so people are happy to spend instead of hoarding.

If any coin is going to become a currency as opposed to an asset, it's doge.

redsun114

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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.

suhadi88

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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.

pinggoki

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Bitcoin is the only thing I can think that would dominate the crypto market. If we will observe bitcoin is more likely the center of transaction or we can classify it as the mother of all coins just for an example as we enter the exchanges we can see that all altcoins are convertible into Bitcoin. Besides, because of the existence of bitcoin we met all other coins. It has the greatest potential among all crypto coins together with ETH, ETH was also dominant coin next to bitcoin. Moreover, I think you all knew that most of coins are dependent in bitcoin because bitcoin falls the market fall as well and same goes when it pumps.

Beparanf

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Bitcoin and Ethereum still have the chance to dominate the market. A many applications and wallet accepts BTC and ETH it can be bought in any fiat. Bitcoin and ETH is easily transferable since most exchanges also accepts it. Even the alts listed still have important and does provide good concept and use in the market Bitcoin and ethereum platforms are still more widely use.

styca

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Bitcoin will dominate, it's the biggest and best crypto. I don't think USD is that relevant really. Prices against fiat are always quoted in USD, but that doesn't mean that people use USD to buy it. Personally the only fiat I have used is GBP, and before that when crypto wasn't purchasable with UK currency I converted the GBP to Euros to buy in.

So once we remove fiat and ask which crypto will dominate, it has to be Bitcoin. Other coins have other uses, but none of them has ever really shown any sign of taking top spot. The only ones that have come vaguely close are ETH and XRP, but they are coins with a specific and limited use case. They both have great potential, just not as much as multi-purpose Bitcoin.

bryant.coleman

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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.

Falconer

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The USDT market has now dominated compared to other stable coins, USDT dominated the highest trading volume by 34% while BTC is only 27% based on current CMC sources.

Tungsten-1

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Quote from: bitzizzix on September 30, 2019, 10:16:57 PM

For now and forever I think bitcoin still dominates the crypto market and we must remember the existence of cryptocurrency because it started with the existence of bitcoin, and until now no one can change its position as the king of crypto and always dominates the market.
and besides bitcoin in Altcoin there is also Ethereum and Litecoin which still dominates and the others only compete but it is possible that in the future there will be a change or replace it.

No one can put doubt on it that bitcoin has this ability to make the value of regular market higher. We can see when the price of bitcoin rises it makes entire market even higher. Bitcoin is no one coin it’s the mother of all coins it has all potentially to make price high or low we should keep buying bitcoin to our maximum extent.

Tylev

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Due to the fact that various types of cryptocurrencies continue to develop, the price dominance of bitcoin in any case will disappear after a certain time, regardless of whether we want it or not. After bitcoin, I think that there will no longer be a bright leader in price dominance. There will be several candidates for leadership at once and not one of them will take the place of bitcoin. Therefore, price dominance, as it exists now, will no longer be.

bitzizzix

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For now and forever I think bitcoin still dominates the crypto market and we must remember the existence of cryptocurrency because it started with the existence of bitcoin, and until now no one can change its position as the king of crypto and always dominates the market.
and besides bitcoin in Altcoin there is also Ethereum and Litecoin which still dominates and the others only compete but it is possible that in the future there will be a change or replace it.

Oceat

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Quote from: Willitivity on September 29, 2019, 06:28:37 AM

Even though the topic wasn't very directly expressed. But one thing is for sure, when it comes to crypto, Bitcoin has been there for long and has gained the dominance and I don't see anything that will topple Bitcoin's dominance. It has taken years to get to that level. Aside dominating the crypto sphere, Bitcoin has over and over proved to show that it will never go away. Others will only rally behind it while it remains dominant.

There's no doubt that Bitcoin will dominate every cryptocurrency and the rest will only rally behind it. A lot of people are trying to imitate Bitcoin by creating their own yet none of them succeeded and the rest of it will always be called as altcoins.

Dreamr

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I vote for Bitcoin, Ethereum, and Litecoin because I believe the cryptocurrency has huge potential in the future. If you look at the cryptocurrency market at the moment you can see the market is already dominated by bitcoin with over 67% followed by ethereum, ripple, and litecoin. I forgot, BNB also has huge potential too.

timerland

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Quote from: Klausi on September 29, 2019, 09:55:39 PM

Quote from: mersal on September 28, 2019, 08:38:29 AM

Stable coin got more trading volume than bitcoin means it was the preferred coin for trading not for holding then how it could be a dominant crypto in the future.?

Maybe OP were confused in some things in Trading. According to his picture, tether made it to the top but it was not even worth it for me to invest my money in, what's happening in the market now is my chance to buy more Bitcoin as an investment. Bitcoin gives me more assurance than the other coins when it comes on earning profits in the process, it is all putting your faith in a certain coin that puts you where you are now.

Stable coins where likely most popular investment option during the bear market, where bitcoin and other altcoins where super unstable, most investors that wanted to be secured started to look towards safer options like tether and other stablecoins backed by fiat currencies.

Bitcoin definitely has better the better technology behind it, but I don't think it'll be stable enough to be a good option long term. Much prefer stablecoins for day to day transactions.

I'd hedge my bets on goverments adopting their own crypto-currencies in the future and then those currencies being used as the main payment source.

Klausi

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Quote from: mersal on September 28, 2019, 08:38:29 AM

Stable coin got more trading volume than bitcoin means it was the preferred coin for trading not for holding then how it could be a dominant crypto in the future.?

Maybe OP were confused in some things in Trading. According to his picture, tether made it to the top but it was not even worth it for me to invest my money in, what's happening in the market now is my chance to buy more Bitcoin as an investment. Bitcoin gives me more assurance than the other coins when it comes on earning profits in the process, it is all putting your faith in a certain coin that puts you where you are now.

Kyraishi

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Could be interesting to see what happens 5, 10 years from now. I definitely see a future where blockchain technology is adopted, but decentralization is unable to make it big. We've already seen countries like Venezuela, China, and other ones start to adopt new currencies and even start making their own.

I envision a world where each big country (China, USA, etc) have their own centralized currency, and BTC is a popular secondary currency that some people prefer, but I wouldn't think it'll be popular then the centralised currencies.

plast555

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Quote from: DBronze98 on September 28, 2019, 05:00:21 AM

Quote from: samridhi20 on September 15, 2019, 01:29:43 PM

USD single currency is the base of the market everyone can easily accept it. so, in my opinion, it can dominate the crypto market

Stablecoins cannot be the dominant currency in the market. It is unreasonable that it is just a means to help investors avoid storms and can buy or sell more easily, to avoid being affected by market fluctuations.
For me, the coins that can influence the market the most have good technology platforms like ethereum or eos, LOOM, ...
They will be businesses that have a positive impact on the global market as well as their technology platforms, such as Microsoft, Google, Facebook, etc.
and ethereum, loom, ... all carry the same mission as the big businesses, if they succeed and have a large market share, bitcoin will not be able to stand on the top 1. Do you agree with me. ?

The "current" problem with Bitcoin is that it is largely non-scalable.
Completion of the transfers in as long as 1 hour shows that Bitcoin is not going to do much for adaptation. But because it is limited, it can create a value paradox like diamonds. That's why the price of Bitcoin can go too high.
But in the long run, we should use cryptocurrencies which has much faster TPS rates instead of Bitcoin.

Dread Pirate Roberts

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Quote from: mersal on September 28, 2019, 08:38:29 AM

Stable coin got more trading volume than bitcoin means it was the preferred coin for trading not for holding then how it could be a dominant crypto in the future.?

I'm not sure just because it's stable in the crypto market. allows a coin to dominate the market. the most important basic thing is the usefulness and main purpose of coin it self. if it is not clear and only because of the market volume it does not promise a coin can always be a top coin.

Willitivity

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Even though the topic wasn't very directly expressed. But one thing is for sure, when it comes to crypto, Bitcoin has been there for long and has gained the dominance and I don't see anything that will topple Bitcoin's dominance. It has taken years to get to that level. Aside dominating the crypto sphere, Bitcoin has over and over proved to show that it will never go away. Others will only rally behind it while it remains dominant.

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