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Topic: What if another altcoin surpasses BTC in value? (Read 4051 times)

Shreek

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Re: What if another altcoin surpasses BTC in value?

September 29, 2017, 03:03:54 PM

#21

the question should be ,,, "is another altcoin able to surpass the current bitcoin value"?
there are several reasons why bitcoin is currently superior to other altcoins, such as because cryptocurrency is able to give trust to its users, but it does not rule out other altcoin can be higher than bitcoin ,,

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Rinaze

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 06:41:00 AM

#22

Not in the next 5 years I would say. It's going to take a tremendous amount of new innovation for any new coin to overtake Bitcoin. That being said, the upcoming potential hard fork that would call itself Bitcoin might be one of the only chance that is going to present in the near future.

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Herbert2020

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 07:08:37 AM

#23

this is one of the question that is always being asked. mostly the reason is because people see the rise of bitcoin from nothing to $5000 and still rising and think to themselves they have missed out and the only way is to find something that is still in that "nothing" stage so they can buy it.

but it is a mistake. bitcoin is still in the "nothing" stage when you consider the future price is going to be $200,000!

also these altcoins are not really doing anything these days. obviously they are profitable but you should not expect much out of them in the long term. they get pumped short term and then die off.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.

speem28

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 07:16:10 AM

#24

Quote from: JamesAdams on September 29, 2017, 12:09:39 PM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each? Will you sell your BTC to buy the more "valuable" coin, or continue using and holding BTC? Also, what do you think are the chances that it could happen? I would like to hear your thoughts and opinions.

It will be huge for sure if another coin surpasses bitcoin, but I don't think it could happen. There is a reason why bitcoin remained superior from other coins out there you know, and it is really hard to believe that some coin can defeat the reigning bitcoin. And if by some miracle that a coin surpasses bitcoin, I will still not sell my bitcoin and exchange it with the new one because I have a lot of faith that bitcoin will make its comeback and take back its throne.

dasdo

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 07:43:11 AM

#25

This has happened, not in terms of cost, not capitalization. Although there are altcoys that cost millions of dollars, but most likely they serve money laundering and transactions without taxes. Bitcoin is the father. A lot of things depend on it both in the value and volatility of the market, both individually and in total capitalization.

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 12:56:21 PM

#26

Quote from: BitHodler on September 29, 2017, 02:27:10 PM

People should stop focus on the value of an altcoin or their market caps. Altcoins enjoy no actual usage other than the speculative aspect, and that's something people here don't seem to think about.

I feel that most altcoins do not serve any actual usage, BUT we have a few such as XMR and ETH that actually have real life usages (privacy and smart contracts) while others have low transaction fees (DOGE or BURST for example). I somewhat agree with many of your thoughts that it would basically be impossible to happen in the next 5 years - but note that 5 years relatively long time. With more and more people getting interested in crypto, BTC is going to be traded a fair lot. However the increased interest will probably result in a higher chance of people developing alts that are "revolutionary" in some sense and be as sought after as BTC.

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anjir

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 01:03:52 PM

#27

I think it is impossible to surpass the BTC price
we just wait for the future

MiBambino

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 01:23:30 PM

#28

Its possible, Gold is the standard of all substances yet platina for example is more expensive. If any coin trumps bitcoins value it'd be NEO or ETH

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pginvest

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 01:28:43 PM

#29

Quote from: JamesAdams on September 29, 2017, 12:09:39 PM

ITs possible, this is what Ethereum fans are calling the Flippening over on Reddit. If it does happen my reaction would depend on the reason, if its a case of the rise of another currency then no problem. However, if it happened because of a law in BTC that would be a different story.

I expect BTC will retain a premium spot as a store of value/a kind of a gold standard for a long time. It is a little cumbersome for small, fast transactions - therefore another currency might rise in popularity without hurting BTC.

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Chyton

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 01:45:59 PM

#30

Actually there is another altcoin that surpasses BTC in value per coin not market cap, that coin is called 42Coin.
42Coin has a price of around $8k per coin as of now, and guess what? That didn't make Bitcoin users to switch to 42Coin.
In the end, price has a little role in increasing the number of coin users.

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GreenBits

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Re: What if another altcoin surpasses BTC in value?

September 30, 2017, 01:58:53 PM

#31

Quote from: Chyton on September 30, 2017, 01:45:59 PM

Stole my reply

the price for all these coins is entirely too speculative. even the price of bitcoin, in this loft state, has no price basis in reality. price isnt a selling point; price can spike at 100% in these markets. Therefore, price is not an indicator of interest/popularity.
Above poster also has an extremely valid point about adoption. 42 coin is pretty old, yet the market cap is utter shit. price doe not equal popularity, as it does in traditional asset markets. Price indicates speculative enthusiasm, in this space Grin

mrayazgul

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 06:10:04 AM

#32

Quote from: JamesAdams on September 29, 2017, 12:09:39 PM

There's no chance. Bitcoin price is too much high. It take some times or i should say a years to increase altcoin value upto bitcoin. Do you know what's the bitcoin first price ? It was 0.31$ in 2010 and now it surpass 4000$. I heard it can cross 10000$ in future.
So currently its all Bitcoin and no chances of any altcoins.

nightfury

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 08:30:24 AM

#33

I don't see any potential coin that would somehow surpass bitcoin's value in the market. If there is any potential alt coin in the market or a coin that is still in the making right now, maybe it can only matched BTC's value but can not surpassed because i think that a BTC's value will rise to million per BTC in the future.

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ProGamerJojo

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 08:31:41 AM

#34

It is not so Easy, current value of BTC is around 4000+ usd I could not see any Altcoin which is close to Bitcoin.
People says that ETH is the future king coin but compare within BTC vs ETH you can find a Huge Distance. Grin

Betwrong

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 08:53:23 AM

#35

Quote from: Red-Apple on September 29, 2017, 01:00:30 PM

Quote from: JamesAdams on September 29, 2017, 12:09:39 PM

What will you do if some altcoin (XMR or ETH for example surpasses the value of BTC, either in market cap or by the price of a token each?

there already are a couple of altcoins with higher price than bitcoin there are already other altcoins with bigger market cap than bitcoin too!

Quote

Will you sell your BTC to buy the more "valuable" coin,

being "valuable" is not defined by price nor by market cap.
the value is the coin itself, the network, the wallets, the security of the code, the hashrate, the services, merchants, users,...

Quote

Also, what do you think are the chances that it could happen?

it has already happened so the chance is 100% Wink

it is just price, not "value" though

here is the list in case you were wondering:
coin name ....... price
Bit20 $199,075 (~200K)
Project-X $165,012
42-coin $8509.41
Primalbase Token $4566.06
bitBTC $4540.86

Bit20 has $0 Trading Volume (24h)

Project-X has $236 Trading Volume (24h)

42-coin - $601 Trading Volume (24h)

Primalbase Token - $6,397 Trading Volume (24h) which is better than of the above ones but still is similar to the Trading Volume of the worst coins around.

bitBTC has $78,911 Trading Volume (24h) which is also too low to be taken seriously.

As far as I know, the only coin that surpassed Bitcoin in price and at the same time had a decent trading volume, was Zcash. But that lasted only 5 days in the very beginning of the coin's existence and never happened again.

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newlone

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 08:54:58 AM

#36

Quote from: JamesAdams on September 29, 2017, 12:09:39 PM

Do you believe there is an Altcoin that can do that? I do not believe in that and I just believe Bitcoin will always be the king of the crypto market Grin

DainSLane

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 10:56:13 AM

#37

Quote from: JamesAdams on September 29, 2017, 12:09:39 PM

it may happen because eth and other coins have potential to surpassed bitcoin in the future maybe in 5 years or more but there still a chance that bitcoin will be the number one because more people use it that other coins, but nothing is impossible it may happen or not we don't know the outcome.

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 11:02:25 AM

#38

Quote from: BitHodler on September 29, 2017, 02:27:10 PM

People should stop focus on the value of an altcoin or their market caps. Altcoins enjoy no actual usage other than the speculative aspect, and that's something people here don't seem to think about.

There have already been altcoins with a higher unit value than Bitcoin, and there have been several altcoins with a higher market cap than Bitcoin ~ it's absolutely meaningless.

No altcoin comes even close to the level of usage that Bitcoin experiences, or how secure its network is, or how much money is going through its ecosystem, and that's the most important thing here.

Altcoins come and go, and due to cheap tricks they can have a massive market cap, or a massive unit value, but that's as I said, meaningless. Bitcoin remains the first and only crypto coin that enjoys the far majority of the support.

I believe it already happened. It's quite possible that an altcoin has already surpassed bitcoin in value but nothing significant has happened nor did it make much of an impact. Bitcoin remains to reign supreme among all of the cryptocurrencies and it will continue to do so as compared to other cryptocurrencies. It's still more popular and widely used by the crypto users.

I agree that in terms of usage, Bitcoin is still more superior and this is the reason why no altcoin would surpass Bitcoin. Bitcoin will continue to be popular because of its usage and security of network.

Lancusters

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 11:09:38 AM

#39

This can not happen because the number of bitcoins is limited. The quantity of ETH is not limited. This means that in the future ETH will experience the brunt of inflation. After ETH will reach its peak will fall that cannot be stopped.

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Re: What if another altcoin surpasses BTC in value?

October 01, 2017, 11:13:35 AM

#40

Quote from: JamesAdams on September 29, 2017, 12:09:39 PM

It may happen in the future i guess it is depend on the investors which coins they are going to support from the time being to the future. Success of the coins depends on the investors who continue to invest on it. So if majority of the investors wanted to replace bitcoin on the top spot anything can happen.

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