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Author Topic: Will alt coins take over Bitcoin and control the market?  (Read 10501 times)

Cnghtn

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Re: Will alt coins take over Bitcoin and control the market?
« Reply #165 on: November 16, 2022, 09:53:26 AM »
Since altcoins always follow lead of BTC, this is not likely

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Re: Will alt coins take over Bitcoin and control the market?
« Reply #165 on: November 16, 2022, 09:53:26 AM »


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Re: Will alt coins take over Bitcoin and control the market?
« Reply #166 on: November 17, 2022, 10:38:09 AM »
At the moment, altcoins do not have such independence due to the low confidence on the part of institutional capital and with any shoroz, investors begin to sell out
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Re: Will alt coins take over Bitcoin and control the market?
« Reply #166 on: November 17, 2022, 10:38:09 AM »
:)

JordanKing

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Re: Will alt coins take over Bitcoin and control the market?
« Reply #167 on: November 21, 2022, 07:55:39 AM »
Bitcoin's lift on altcoins cannot be boiled down to a simple yes or no, also it is very hard to prove even the most elementary assumptions. Well, Coinpedia has published an article on this, heading " Can Traders Expect Altcoin Season in 2022? Here's What Metrics Say.

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Re: Will alt coins take over Bitcoin and control the market?
« Reply #168 on: November 21, 2022, 10:34:16 AM »
The article is just the author's vision.No one really knows how it will be, the market itself will determine a fair price and capitalization.
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Re: Will alt coins take over Bitcoin and control the market?
« Reply #169 on: November 23, 2022, 06:26:55 AM »
 I think that Ethereum is probably the best contender to take over from Bitcoin because of the overall ecosystem. However, there are some people who will not have any issues with the way we are doing this and I think that it will be good to talk about this in the long run. Cryptocurrencies are not the only assets in the market becuase the offerings like apps, projects, and innovative apps have become the biggest deals in crypto now, and they are mostly located within the Ethereum system. Even playing on Bitcasino has been friendly to the Ethereum. it will just continue to grow and evolve as we continue to go digital.



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Re: Will alt coins take over Bitcoin and control the market?
« Reply #170 on: November 23, 2022, 06:37:58 AM »
Have you done well with the projects that you made? There are some interesting ways to deal with the crypto market and I think that this will be a good way to talk about other crypto assets apart from Bitcoin. Ethereum is such a good way to start off your crypto journey because it can become the focal point of the entire industry. Since it can offer the likes of apps and NFTs, I think that Ethereum will continue on the path to becoming the top asset, possibly exceeding Bitcoin in the near future. However, I think that there will still be some good ways to deal with this in the long run because there have been some interesting topics that have been brought up in the crypto community regarding other crypto coins like Tether which is pegged to the US Dollar. Stability is needed and people think USDT and Ethereum can be the answers to that problem, veering away from the Bitcoin market too.

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Re: Will alt coins take over Bitcoin and control the market?
« Reply #171 on: November 23, 2022, 07:04:22 AM »
In recent times, alt coins appears to perform incredibly well on the market as the projects has got good teams of late yet most of the coins seems to be affected by the price of Bitcoin. This is largely due to the fact that most exchange sites keep much of the price pairing with Bitcoin, hence, a fall in Bitcoin affecting the coins paired with it. Bitcoin will continue to control the market until perhaps most coins are paired with USD directly.
The price of bitcoin really affects the altcoin market. But this is not because altcoins are traded in tandem with bitcoin. This is affected by the large market capitalization of bitcoin and the associated percentage of its price dominance over altcoins. But altcoins are developing rapidly, and bitcoin has practically stood still for a relatively long time. Therefore, it will be absolutely logical that over time, bitcoin will lose its high capitalization, and along with it, price dominance over altcoins. If this trend continues for a long time, then the most promising altcoins may well take the current place of bitcoin.
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Re: Will alt coins take over Bitcoin and control the market?
« Reply #172 on: November 23, 2022, 10:06:57 AM »
Now bitcoin has dominance over altcoins because the market is bearish and investors' faith in many coins has been shaken very much. I am sure that a favorable situation in geopolitics and the global economy could improve the chances of altcoins to grow and dominate
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Re: Will alt coins take over Bitcoin and control the market?
« Reply #173 on: November 24, 2022, 02:24:46 PM »
The altcoin market is significantly impacted by bitcoin's price. However, because altcoins trade alongside bitcoin, this is not the case. The significant market capitalization of bitcoin and the corresponding percentage of its price dominance over alternative cryptocurrencies have an impact on this. But while bitcoin has essentially stagnated for a considerable amount of time, altcoins are evolving quickly. It follows that Bitcoin will logically lose its high capitalization over time, and along with it, its price dominance over altcoins.
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Re: Will alt coins take over Bitcoin and control the market?
« Reply #174 on: November 24, 2022, 08:01:18 PM »
I think given enough time yes it is a likely scenario that some globally used altcoin would over through the king from his throne.
 How long that will take or which one will do it we don't really know.
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Re: Will alt coins take over Bitcoin and control the market?
« Reply #175 on: November 26, 2022, 03:09:07 PM »
Listen. I'm not a bitcoin maximalist but I think bitcoin is the undisputed king of all the coins being the premier coin. You can't beat the amount of faith coiners and even non-coiners have in it. No coin or taken has that effect or influence
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Re: Will alt coins take over Bitcoin and control the market?
« Reply #176 on: November 26, 2022, 04:47:22 PM »
Bitcoin has already maintained its control in the market, most of the cryptocurrency follows the value of bitcoin, bitcoin itself is complete bitcoin. Most of the investors believe in bitcoin only.
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Re: Will alt coins take over Bitcoin and control the market?
« Reply #177 on: November 26, 2022, 04:58:20 PM »
No. Bitcoin is like engine of crypto market and a highly secure investment that have very bright future but as we know XRP , LUNA and now FTX collapse and it will possible for any of Alt but not with bitcoin which is highly safe and secure and we are clearly know that after some years bear market ends and price will rapidly go higher .

 

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