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Author Topic: Which is better: Bitcoin's monopoly or dual power with ethereum?  (Read 6402 times)

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Bitcoin's dominance has gradually declined in recent months and now stands at just over 40 percent. This enabled altcoins to rise in value. At the same time, ethereum's dominance has grown to 20 percent during this time. A little more and the dominance of these two coins can equalize.
 If this happens, how could this affect the cryptocurrency market, as well as bitcoin and ethereum? Will dual power in terms of dominance be more useful for cryptocurrencies than the current monopoly dominance of Bitcoin? How will altcoins behave if bitcoin and ethereum show conflicting price movements?

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #1 on: May 23, 2021, 07:53:00 PM »
We all have same problem and wait is first option, keep saving and try trafing to get more value. Second option is soft and hardfork, when happen value will split and we have alternative crypto fees solution, that's all I know.

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #2 on: May 24, 2021, 12:15:21 AM »
ETH is switching to proof of stake with more and more projects choosing this platform as Layer 1 thus it should be at no surprise that in some time ETH will overtake BTC in the Market Dominance field becoming the CMC no 1
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  Bitcoin 2.0 If Bitcoin was being
started over again, it would most
likely use the superior Ethereum
blockchain
platform.
     
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X10
 
faster than its
pre-decessor
‘Bitcoin’
   
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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #3 on: May 24, 2021, 05:45:20 AM »
ETH is switching to proof of stake with more and more projects choosing this platform as Layer 1 thus it should be at no surprise that in some time ETH will overtake BTC in the Market Dominance field becoming the CMC no 1

Hope your prediction becomes true but I think that's not gonna happen because the whole crypto market is manipulated by the BTC and the Past, Current as well as future crypto market movements highly depend on the BTC.
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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #4 on: May 24, 2021, 03:35:18 PM »
The market seems to hold to few narratives like TA and halving cycle meaning that on long time frames there will be more and more demand for BTC due to organic growth , word of mouth, ... , ...  with regular decrease  in supply on shorter time frames following the technical analysis trend its just ETH is different from the fundamental point of view
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  Bitcoin 2.0 If Bitcoin was being
started over again, it would most
likely use the superior Ethereum
blockchain
platform.
     
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X10
 
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pre-decessor
‘Bitcoin’
   
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Offline mahadev

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #5 on: May 24, 2021, 04:03:54 PM »
Bitcoin's dominance has gradually declined in recent months and now stands at just over 40 percent. This enabled altcoins to rise in value. At the same time, ethereum's dominance has grown to 20 percent during this time. A little more and the dominance of these two coins can equalize.
 If this happens, how could this affect the cryptocurrency market, as well as bitcoin and ethereum? Will dual power in terms of dominance be more useful for cryptocurrencies than the current monopoly dominance of Bitcoin? How will altcoins behave if bitcoin and ethereum show conflicting price movements?

I think dual power is better than monopoly.  We have other choice for investment and I think Ethereum has done well as smart contract platform.
Bitcoin is still dominance, but not monopoly.
I hope there will several potential altcoin that compete to bitcoin at the coming future. Let's see.
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Offline Senin

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #6 on: May 26, 2021, 08:00:05 AM »
In a decentralized cryptocurrency market, there should be no rigid price dominance of one type of cryptocurrency. Decentralization and rigid domination are incompatible. And to watch how almost all types of cryptocurrencies constantly repeat the price movements of bitcoin is somehow boring. Therefore, I expect the time to come when there will be no dominance of one cryptocurrency in this market, and the price of a cryptocurrency will be formed from the state of the project and the prospects of its token or coin.
As for ethereum, the next stages of its update in July and October will show what this coin is capable of.

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #6 on: May 26, 2021, 08:00:05 AM »


Offline tervel

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #7 on: May 26, 2021, 03:36:35 PM »
We can't think all cryptocurrencies are like Bitcoin. Ethereum is much more than a store of value. The platform hosts thousands of decentralized applications that have real world uses.

Offline Octoalts

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #8 on: May 26, 2021, 03:48:53 PM »
Bitcoin and Ethereum in my opinion are equally important, but sometimes people think Bitcoin is the most important. For me personally, which one can make money, that's what I choose.  Bitcoin dominance increases we choose Bitcoin, and when Bitcoin dominance decreases we choose another coin.
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Offline TomPluz

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #9 on: May 27, 2021, 05:02:24 AM »
Despite the decrease in dominance, Bitcoin remains on top and if the dip will start to wane and the market is about to recover, we can see the dominance of Bitcoin to also rise. There is no question that Ethereum has the potential to be the one replacing Bitcoin as the top cryptocurrency and this can happen in the future, that is if Bitcoin will not be improved and will stop innovating. As for me, I am more comfortable with the way things right now, with Bitcoin at the top and Ethereum second in line.

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #10 on: May 27, 2021, 02:19:50 PM »
Bitcoin prices have been falling for the past few weeks. As Bitcoin's dominance diminishes, so does the status of all coins or altcoins. This means that most altcoins are losing market dominance. In other words, the picture of the condition of other coins, including Bitcoin, was much brighter in the currency market. As the price of Bitcoin has come down, so has the price of all coins. The price of more ethereum is currently declining along with the price of bitcoin.
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Offline Astra

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #11 on: July 04, 2021, 10:21:48 PM »
ETH is switching to proof of stake with more and more projects choosing this platform as Layer 1 thus it should be at no surprise that in some time ETH will overtake BTC in the Market Dominance field becoming the CMC no 1

Hope your prediction becomes true but I think that's not gonna happen because the whole crypto market is manipulated by the BTC and the Past, Current as well as future crypto market movements highly depend on the BTC.
Past and current price movements in the cryptocurrency market depend on the direction of Bitcoin price movement. But what will happen in the future, while none of us knows. In my opinion, the many dominant cryptocurrencies in this market will be much more useful to this decentralized market than the rigid price dominance of one cryptocurrency - Bitcoin. With Bitcoin lagging behind many cryptocurrencies, there will surely come a time when it will lose its price dominance. It is unlikely that then it will be replaced again by only one cryptocurrency. Logically, it will be several cryptocurrencies at once.

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Offline Suma Islam

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #12 on: July 14, 2021, 02:16:10 AM »
Bitcoin prices have been falling for the past few weeks. As Bitcoin's dominance diminishes, so does the status of all coins or altcoins. This means that most altcoins are losing market dominance. In other words, the picture of the condition of other coins, including Bitcoin, was much brighter in the currency market. As the price of Bitcoin has come down, so has the price of all coins. The price of more ethereum is currently declining along with the price of bitcoin.
I have no idea what the exclusive or dual power of Bitcoin with Etherium means because I am a new member of this forum. I have been working on the forum for a while and as a result I have not been able to get any idea about my forum
. ‌‌ Bitcoin's exclusive or dual power with Etherium I can't comment properly

Offline Master107

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #13 on: July 14, 2021, 03:40:13 AM »
I'd never experienced to witness the scenario where Bitcoin up and Ethereum down. Normally Bitcoin influence the whole market though somehow not immediate but for sure altcoins will follow Bitcoin trend.

I have no idea what the exclusive or dual power of Bitcoin with Etherium means because I am a new member of this forum. I have been working on the forum for a while and as a result I have not been able to get any idea about my forum
. ‌‌ Bitcoin's exclusive or dual power with Etherium I can't comment properly

Hello mate, looking forward that you will use your google search and free time to read some important fundamentals about Bitcoin and Ethereum.  ;)

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Re: Which is better: Bitcoin's monopoly or dual power with ethereum?
« Reply #14 on: July 14, 2021, 03:00:05 PM »
Bitcoin's dominance has gradually declined in recent months and now stands at just over 40 percent. This enabled altcoins to rise in value. At the same time, ethereum's dominance has grown to 20 percent during this time. A little more and the dominance of these two coins can equalize.
 If this happens, how could this affect the cryptocurrency market, as well as bitcoin and ethereum? Will dual power in terms of dominance be more useful for cryptocurrencies than the current monopoly dominance of Bitcoin? How will altcoins behave if bitcoin and ethereum show conflicting price movements?

Bitcoin dominance has historically risen and fallen in different times in the crypto cycle.

Bitcoin and ETH are different categories... One is a store of value and the other the foundation of Web 3.0. So either getting larger doesn't take away from the other ... both ETH and BTC will be around for a long time to come and will continue to grow. It's unlikely that bitcoin and ETH will show conflicting price action however their relative strength with respect to one another (ETH / BTC trading pair) has been changing.

 

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