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Author Topic: Still too early to know if Bitcoin will remain top dog, Wall Street vet says  (Read 3387 times)

Offline sirty143

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Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap? See more for yourself here.

Your opinion is greatly appreciated.



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Offline Ferki

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Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap? See more for yourself here.

Your opinion is greatly appreciated.

I don't see your opinion. What is this post supposed to suggest?

Offline TomPluz

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In my opinion, nobody can be certain of the future...in cryptocurrency surprises are always part of life. Now, will Bitcoin remain to be the King of the Hill? Judging the way things now, it looks like it can be remaining on the throne for the next few years. Why? The growth of the top alts are getting their energy from the movement of Bitcoin. So if Bitcoin will be going down so do the top altcoins...and only a few times were there exemptions. Until the top other coins could not detach themselves from Bitcoin then I don't see anybody of them replacing Bitcoin soon.

Offline mlawson71

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Nobody can be certain, I agree, but qualified people can make an educated guess, most of the time. That's how we (try) to do market analysis. Admittedly, it doesn't always work out as we hoped it would. :D

Offline vegasus

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That is more to the ideas, it may be some prediction.
Although we commonly always say: Ethereum is the next of Bitcoin, or ETH can defeat Bitcoin. But so far, none can defeat or pass Bitcoin.
Btw, I don't think that it will happen in short term. But in long term, I cannot ensure because we cannot really predict the future exactly.

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Bitcoin needs a process to be the best asset, but it is surely very possible. There are already many big companies joining Bitcoin investment, which indicates people seriously consider Bitcoin as a future asset. The current top company that spends a big amount of money to buy Bitcoin is Tesla. It becomes the second largest company to invest in Bitcoin now. That's great news, right?
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So far, Bitcoin still becomes the top one and none can defeat it. Moreover, the market cap of Bitcoin is always rising up.
However, who can guarantee this last forever? No one. We cannot guarantee this on the top forever. Because, we know that crypto is also full of surprises, we cannot control the market. But, some certain parties with big influence and power can give certain influence to Bitcoin or other cryptocurrencies to get down or rise up very significantly.
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It is tough to say whether Bitcoin remains at the top. So far, Bitcoin has been doing well. However, other cryptos may do better place itself at the top.

Offline msz900

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For the time being, Bitcoin is considered as the top crypto coin and the most risk, but Bitcoin is also a coin that can make you rich in an instant.
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Offline mlawson71

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What I am curious about is when it will stop being too early to know, according to this person. Does he have an opinion on that?

Offline Freemind

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Re: Still too early to know if Bitcoin will remain top dog, Wall Street vet says
« Reply #10 on: September 24, 2021, 10:54:20 AM »
Once again, and as always, someone from Wall Street talking about Bitcoin and cryptocurrencies. They don't care about improving their old and damaging business model, but they do "care" about what can improve people's lives. The statements they make have always been irrelevant, but they keep spitting shit talking about what they don't really know, they are worse than a disease.
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Offline legend45

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Re: Still too early to know if Bitcoin will remain top dog, Wall Street vet says
« Reply #11 on: September 28, 2021, 11:11:39 AM »
That is more to the ideas, it may be some prediction.
Although we commonly always say: Ethereum is the next of Bitcoin, or ETH can defeat Bitcoin. But so far, none can defeat or pass Bitcoin.
Btw, I don't think that it will happen in short term. But in long term, I cannot ensure because we cannot really predict the future exactly.

If we are talking about which coin will beat bitcoin, for now I think Ethereum is more potential than other.
But You're right, It will not happen at the few years
Bitcoin is still superior.
But at the coming years, anything can be happen.

Offline Fenix

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We see that cryptocurrency continues to develop very quickly, and bitcoin has been lagging behind many cryptocurrencies for a long time. If this continues in the future, then it is quite logical that bitcoin will eventually give up its place of the leader of the cryptocurrency to other, more useful types of cryptocurrencies. Moreover, this can happen much earlier than many believe. The situation can change very quickly and this should be taken into account when working in this market. After bitcoin, apparently, there will no longer be a rigid price dominance of one cryptocurrency, there should no longer be a large gap in market capitalization. In my opinion, it will be much better for this market.

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Is there anything in doubt about Bitcoin? So it's too early to say that Bitcoin will still be number one! I think Bitcoin has proven that Bitcoin deserves to be the top Cryptocurrency for good, because until now there is no Cryptocurrency that is close to Bitcoin's market capitalization.

Offline pieppiep

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So far, as far as I know, Wall Street shouldn't be able to control bitcoin price movements because the main purpose of bitcoin is the creation of a digital currency that can't be controlled by anyone, including the government, Wall Street is not comparable to the government, so it's certain that bitcoin won't be able to be traded. controlled by whoever it is. bitcoin can be controlled only by the owner himself.

 

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