Topic: Will Another Coin Take the Crown? - page 40. (Read 4607 times)

Ethereum is Bitcoin's ho, and nothing more.

I think it is possible if bitcoin will have more issues eg. (high fees, failed transactions, long transaction transition, scam accusation, government regulation, government ban, and a lot more.) However, bitcoin still have a long way to go and a lot of people already trusted bitcoin for a lot of reasons.

Bitcoin is king, ETH is queen

The first one to thing about is ETH

Me too, I also believe that bitcoin will recover soon. And I don't believe that there would be another coin will take the crown of bitcoin because bitcoin hasn't failed yet, Its price and popularity is still on the no.1 spot. So, little chances for altcoins to take bitcoin title.

Indeed, the market value of Bitcoin is falling but it is not the only coin  that is currently experiencing backdrops, but all. Most of the cryptomarket are now down so I doubt that this scenario will yield for Bitcoin to be replaced from being on the top of cryptocurrencies. Its market price is now going up which is a sign of recovery. Once it fully recovered it will again be the best crypto.

Lightning network is going to fulfill an important role when it comes to giving Bitcoin mainstream adoption exposure. Main point of importance is that it's clear that Bitcoin won't have any severe on-chain scaling in the coming few years, which is why we have to rely on off-chain implementations in order to move forward. Good thing is that with lightning network on board, we basically directly wipe out the need to use altcoins for sending value back and forth because how expensive Bitcoin was in that aspect. For that reason I strongly believe that altcoins will be suffering and experience capital outflow on a large scale -- capital that will flow back into Bitcoin, where it belongs.

Hard to say if bitcoin will lose its official number 1 position.  Of course, it will lose more and more market share, I think that's inevitable.  However, you can still be market leader with 0.1% of market share, if there are hundreds of thousands of competitors.

If bitcoin would have stayed alone, it would have been a dumb greater-fool game (as was already seen in 2010 by some here).  It is just a token you buy for real money (you fool!) to sell it for more money to another, greater fool.  Such things always end badly, when they run out of greater fools - but in the mean time, the lesser fools can hope to pump a lot of wealth out of the latest layer of downright idiots that pay for the whole shebang.  The later you come to the party, the riskier of course.

I don't think that many people buy a bitcoin for $ X with the idea to use it later to buy stuff worth more or less $ X, or to cash out again and obtain $ X.   By far most people buying bitcoin for $ X hope to sell it for $ 100 X or something, like the early birds in the game.  Nobody's buying a coin at $20 000, if he's not hoping that it will go to $ 2 M or something.  Well, he can settle for $400 000, true.  He would be quite disappointed if he could only get rid of it for $ 50 000 ever.

It is quite obvious that the one buying at $20 000, can maybe hope for $ 2 M, but the guy buying for $ 2 M, is he really going to hope it will go to $ 200 M ?  Seriously ?  But if the guy buying for $ 2 M cannot hope for $ 200 M, why would he buy at $ 2 M in the first place ?   And if nobody is going to buy at $ 2 M then, how can the guy at $ 20 000 dream of $ 2 M ?  But then, nobody is ever going to buy at $ 20 000 ! Nevertheless, people bought, can you imagine, coins at $ 20 000 !!

This is because experiments have shown that most people think that other people are stupid.  And greed can render people somewhat more stupid than usual.  However, it is becoming very difficult.  If you go to high prices, not only do you have to find REALLY stupid people, they also have to be VERY NUMEROUS, and on top of that, VERY RICH, because to sustain the needed flow of money which is huge, a lot of people need to pay a lot of money for the coins.  Well, from a certain point onward, one runs out of them.  From a certain price onward, to sustain the price, you'd need too many stupid and rich people during too long a period.  There are a lot of them, true, but it is nevertheless a limited offer.  So at a certain point, one runs out of them, and the whole shebang crashes down.

The story, however, is entirely different if you have a market of speculative assets, moreover, an open market where new assets are created all the time.  In such a market, you can RE-USE money: it goes from one asset to another, it comes back, it jumps on yet another one, there's the growers and the fallers of the day.... such a speculative casino can run an unlimited time on a limited amount of money, because some day, you win, some day, you lose, and there are continuously new opportunities to win big (and to lose a lot).   This is the kind of casino that most financial institutions are used to, but where they are constrained by legal limits, to refrain from funny games ; here, everything goes.  You go from Judo to Birman boxing.  It's way more exciting.

So is bitcoin going to remain the reserve currency of this casino even if its market share will dwindle ?  I don't know.  But alt coins are what is the hope of survival of bitcoin.

Unfortunately, I think it's just a matter of time to see the hegemony of bitcoin fall in terms of marketcap, and possibly this is the year that this happens. However, I am convinced that although bitcoin eventually loses the throne in that aspect, it will still remain for a long time as the most popular cryptocurrency and will remain as an important reference when establishing the value of the other cryptocurrencies, just as the dollar works in the fiat economy despite not being the most valuable currency in the world.

Well, maybe but I think it is still a long way to go for other altcoins to take over Bitcoin's place at the top. It's clear that despite it's slow and big transaction fees, people still love it and use it more. Somehow altcoins price still depends on bitcoins value, yes not that much but still a factor. If more and more people and country accept bitcoin, I guess it will still stay at the top where it is right now because it's only about a matter of acceptance right.

True,  I still believe the capacity of bitcoin although the price of bitcoin now is totally down but I know it will rise again,  let us hope that it will finally recover again soon.

First off , Bitcoin will always have value, even when it will not be no1 in marketcap , or be used daily in everybodys lives, in 200 years it will at least be part of someone's coins collection. As I am sure many will be lost due to mechanical failures, or just plain human stupidity, it will become rarer and rarer.
As far as marketcap, I am sure Ethereum will take the crown, maybe as soon as early 2019. Only because of the sheer number of ico's coming out now based on ethereum. And if the integration of POS turns about to be succesful ..boom.
Will ether keep the crown ? Man who knows ? Before 2009 there was no Bitcoin , maybe in 2020 we will have no money anymore because we will all be controlled by the AI -blockchain.?
In the end, it comes down to what everybody thinks will be the best. Right now a lot of people think Bitcoin is it. As crypto will see mass adoption , bitcoin will be evrybody's first, because they have all heard about bitcoin. If the majority of the people decide to buy tomorrow, and someone tells them it will be better for them to buy ethereum, they'll think that that person is trying to con them " Ether ..what ? "  Just try talking about crypto to..EVERYONE you meet , EVERYWHERE .

I don't think there is another coin to be crowned very soon. Bitcoin is the oldest and it became popular enough to keep its title

I trust Bitcoin more than Ethereum because of what they chose to do after the DAO hack.

Bitcoin has never had it's balances altered to stop a theft so it has a better track record.

Yes, anything is possible. And if it were to happen, I would tip Ethreum to do so. This is because, it is one of the most, if not the most stab;e coin in the market currently. And this is as a result of the fact that most new ICO's are run through Ethreum's blockhain. If this continues to be the case, the possibility of it catching or closing the gap significantly on bitcoin is huge.

There is always that lingering thought and possibility. It's been quite a ride with cryptocurrency this year and come to think of it,
were still on the second month of the year and yet it's all red most of the time. Bitcoin is strong but other altcoins are also packed
with potential. With the amount of deflation bitcoin has shown so far, it seems any coin can take the crown given the right time and
opportunity provided the likely possibility that it may be granted substantial market growth.

Whatever may happen, there will always be, and altcoin may replace the bitcoin position, though it is very difficult. Moreover, bitcoin is a pioneer of cryptocurrency. Bitcoin investors and fanatics will definitely keep trying to keep it going, no one wants to lose.

I think otherwise. I still believe Bitcoin is too far to be in comparison to other coins. Just because it is having transaction fee problems, does not mean it is already being overtaken by newer coins. I understand there has to be growth on Bitcoin's end but we have to admit to the fact that it is always easier said than done especially so that there are many big companies and governments that are against it RIGHT NOW. One thing is certain, there is real politics behind this. This is a clear propaganda because of the protection of their own interests. I am not sure when this propaganda will come to end but I am hoping it will be for the greater good, and not just for the good of those privileged few who happen to hold governments by the neck. You see, if they can kill Bitcoin, what makes you think another breed of basically the same type will survive? Well yeah, they are not successful in oppressing Bitcoin's reputation as of writing.

DO NOT BE BOTHERED BY THE FACT OF WHO WILL TAKE THE CROWN OF WHOM. Remember it is still the governments' call. They can halt everything if they want to -- especially unanimously.

That's a nice dream, but in the end, Bitcoin will keep the crown of King.

The values are determined by the market. If more people buy then the price goes up.