Will Altcoins ever reach or surpass Bitcoins market cap?

fatenmo

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Quote from: VitKoyn on November 03, 2017, 04:12:13 AM

Quote from: fatenmo on November 03, 2017, 02:09:22 AM

Bitcoin is on the rise...
Will Altcoins reach or surpass Bitcoins market cap?
Let me know your thoughts.

It's possible for other cryptocurrencies to surpass Bitcoin market capitalization, if there will be an altcoin that will surpass Bitcoin it should have a high value and huge supply. For example is Ethereum, it has unlimited supply (95,493,277 ETH in circulation) and if the value of Ethereum hits $1500 it will surpass Bitcoin current market capitalization but will not surpass Bitcoin value. This will only possible if huge community around the world will invest in Ethereum instead of Bitcoin, which is I think unlikely to happen.

What will it take for Ethereum to beat Bitcoin's market cap? People seem to be glued on Bitcoin right now, will they be as glued to Bitcoin after Segwit2x?

wahlburger

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I think not because people still think that bitcoin is the best coin and it is actually, because bitcoin is worth a lot and everyone uses it who are in crypto currency's.

Actually it is possible but in the future not now. Now bitcoin is still the father of all coins.

VitKoyn

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Quote from: fatenmo on November 03, 2017, 02:09:22 AM

Bitcoin is on the rise...
Will Altcoins reach or surpass Bitcoins market cap?
Let me know your thoughts.

It's possible for other cryptocurrencies to surpass Bitcoin market capitalization, if there will be an altcoin that will surpass Bitcoin it should have a high value and huge supply. For example is Ethereum, it has unlimited supply (95,493,277 ETH in circulation) and if the value of Ethereum hits $1500 it will surpass Bitcoin current market capitalization but will not surpass Bitcoin value. This will only possible if huge community around the world will invest in Ethereum instead of Bitcoin, which is I think unlikely to happen.

Teraboy

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Quote from: fatenmo on November 03, 2017, 02:09:22 AM

Bitcoin is on the rise...
Will Altcoins reach or surpass Bitcoins market cap?
Let me know your thoughts.

I can say it will, but i'm not sure about when altcoin will have surpassed the bitcoin on its price. as you can see the fact that the price of the bitcoin increase anytime and that means if the bitcoin gets its market dominance again. I remember about the possibility of altcoin to eat until over 50 percent of the bitcoin dominance and that's become a real thing.
But not sure about that right now.

chrisfatos

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I look forward to seeing what will happen after Segwit2x in a couple weeks. It will be interesting to see how Altcoins react to Bitcoins possible dip in value.

IamAltcoinfan

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We have to wait till november 16 segwit 2x fork has to finish then we will figure out the trend till that the complete trend will move towards bitcoin this huge price rise because consecutive two forks BTG and B2X.

chrisfatos

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Altcoins could reach bitcoin if there was a few more solid altcoins. Maybe more altcoins like Ethereum or as strong.

fatenmo

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Quote from: Beerwizzard on November 03, 2017, 02:37:57 AM

If you are just comparing a market cap then it seems like the market cap of all altcoins may reach the BTC market cap in some years, especially if there will be some new usefull altcoins. But bitcoin will still be "the mother of all cryptos" and I don't think that any single alt will ever compete with BTC.

Quote from: Herbert2020 on November 03, 2017, 02:18:18 AM

market cap manipulation is just a fun math game, nothing more. that is why every economic expert considers market capitalization a bullshit factor for cryptocurrencies.

Exactly. Right after BCH fork I remember some articles in top magazines saying that global cryptocurrency market cap was increased by a huge amount of money in a single moment despite only a few amount of BCH was even claimed.

Sounds like a whale took control of the situation.

chrisfatos

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Quote from: danmoris on November 03, 2017, 02:34:56 AM

Bitcoin was created for a reason. Once that reason is fulfilled and Bitcoin will have served its purpose, then it will be surpassed and eventually replaced by the coin Bitcoin paved the way for.

Do you mean that once Bitcoin has served it's purpose it will cease to exist or replaced, by a stronger coin? Can you clarify please?

Siskaver

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Not that long ago the BTC market cap was 40% of total market cap so it wouldn't be a new thing. The forks that everyone hated so much proved to be soooo beneficial though. It really weeds out the bad people and concepts that then go out and make their own coins, with their own support. It really is great.

Beerwizzard

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If you are just comparing a market cap then it seems like the market cap of all altcoins may reach the BTC market cap in some years, especially if there will be some new usefull altcoins. But bitcoin will still be "the mother of all cryptos" and I don't think that any single alt will ever compete with BTC.

Quote from: Herbert2020 on November 03, 2017, 02:18:18 AM

market cap manipulation is just a fun math game, nothing more. that is why every economic expert considers market capitalization a bullshit factor for cryptocurrencies.

Exactly. Right after BCH fork I remember some articles in top magazines saying that global cryptocurrency market cap was increased by a huge amount of money in a single moment despite only a few amount of BCH was even claimed.

danmoris

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Bitcoin was created for a reason. Once that reason is fulfilled and Bitcoin will have served its purpose, then it will be surpassed and eventually replaced by the coin Bitcoin paved the way for.

chrisfatos

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Quote from: Herbert2020 on November 03, 2017, 02:18:18 AM

yes, and it has already happened!

market cap manipulation is just a fun math game, nothing more. that is why every economic expert considers market capitalization a bullshit factor for cryptocurrencies.

let's have some fun with numbers, shall we.
market capitalization = supply * price = X * Y
bitcoin M.C. = $120,831,093,421 = 16,661,187 * $7252.25

competing shitcoin M.C. = $120,831,093,421 = X * Y
lets say price is $10 then Y is 12,083,109,342 and based on coinmarketcap there are currently 43 shitcoins with more supply than this number, they just have to pump their coin to a 10 bucks price Wink

Wow this was quite cool, I really enjoyed the lesson. I have so much to learn about the cryptoworld and It's getting more and more interesting. Thanks again.

Herbert2020

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Quote from: mikyadel on November 03, 2017, 02:26:52 AM

Quote from: Herbert2020 on November 03, 2017, 02:18:18 AM

yes, and it has already happened!

market cap manipulation is just a fun math game, nothing more. that is why every economic expert considers market capitalization a bullshit factor for cryptocurrencies.

let's have some fun with numbers, shall we.
market capitalization = supply * price = X * Y
bitcoin M.C. = $120,831,093,421 = 16,661,187 * $7252.25

competing shitcoin M.C. = $120,831,093,421 = X * Y
lets say price is $10 then Y is 12,083,109,342 and based on coinmarketcap there are currently 43 shitcoins with more supply than this number, they just have to pump their coin to a 10 bucks price Wink

problem is that cryptocurrency market doesn't depend on simple math there are other factors and whales control that market .

OP and I are not talking about "market" and what affects that. the subject is market capitalization. and that is pure math and nothing more.
the price however is market related and that is purely controlled by the whales and how much they can pump and dump the coin. sometimes the pumps are as big as going up 5000% and each of those coins have the potential of going up to $10 too even if it means multiple 5000% pumps. there is also the fact that not all altcoins have circulating supply! most of them (like ETH) have premines and their circulating supply is much smaller than the reality. which means their market cap is much bigger than it should be. (aka math game)

otunayode

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In terms of capitalization, we only need a couple more of quality altcoin that is not fork from bitcoin, equally strong, decentralized and more. We will see greater cap of alt if we could have 3 or 4 more altcoin like ethereum!

mikyadel

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Quote from: Herbert2020 on November 03, 2017, 02:18:18 AM

yes, and it has already happened!

market cap manipulation is just a fun math game, nothing more. that is why every economic expert considers market capitalization a bullshit factor for cryptocurrencies.

let's have some fun with numbers, shall we.
market capitalization = supply * price = X * Y
bitcoin M.C. = $120,831,093,421 = 16,661,187 * $7252.25

competing shitcoin M.C. = $120,831,093,421 = X * Y
lets say price is $10 then Y is 12,083,109,342 and based on coinmarketcap there are currently 43 shitcoins with more supply than this number, they just have to pump their coin to a 10 bucks price Wink

problem is that cryptocurrency market doesn't depend on simple math there are other factors and whales control that market .

fatenmo

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Quote from: tukangkopi on November 03, 2017, 02:12:01 AM

Quote from: fatenmo on November 03, 2017, 02:09:22 AM

Bitcoin is on the rise...
Will Altcoins reach or surpass Bitcoins market cap?
Let me know your thoughts.

never, the reason altcoin created is bitcoin. they buy altcoin to trade btc.

Not even if Bitcoin starts "dump"? it would be nice to see Altcoins at there peak!

helin9108

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No I dont think so because Bitcoin is a worldwide cryptocurrency and digital payment system and also called the first decentralized digital currency,They can be exchanged for other currencies,products, and services, So Bitcoin have bright future.And other side only Ether has some good move.and bitcoin is ever green

xebecstyx

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Quote from: tukangkopi on November 03, 2017, 02:12:01 AM

Quote from: fatenmo on November 03, 2017, 02:09:22 AM

Bitcoin is on the rise...
Will Altcoins reach or surpass Bitcoins market cap?
Let me know your thoughts.

never, the reason altcoin created is bitcoin. they buy altcoin to trade btc.

Although, I think the precursor for the creating of altcoin is bitcoin like what the reply said. I think there can be a chance for altcoins to reach or be of similar value to bitcoins. I mean judging from how Ethereum ran in the recent times, its value kept on increasing as it gained more and more recognition in the market.

Herbert2020

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yes, and it has already happened!

market cap manipulation is just a fun math game, nothing more. that is why every economic expert considers market capitalization a bullshit factor for cryptocurrencies.

let's have some fun with numbers, shall we.
market capitalization = supply * price = X * Y
bitcoin M.C. = $120,831,093,421 = 16,661,187 * $7252.25

competing shitcoin M.C. = $120,831,093,421 = X * Y
lets say price is $10 then Y is 12,083,109,342 and based on coinmarketcap there are currently 43 shitcoins with more supply than this number, they just have to pump their coin to a 10 bucks price Wink

Topic: Will Altcoins ever reach or surpass Bitcoins market cap? (Read 411 times)