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Can any currencies reach the rate of Bitcoin? Or will Bitcoin reign supreme?

  • Thread starter Thread starter Grant
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Grant

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Bitcoin is the biggest cryptocurrency out there, by a long shot. But there are some currencies gaining traction, but I don't think most of them will ever catch up to Bitcoin. I think Bitcoin will forever be the top cryptocurrency out there. And they will continue to be the leader until some currency comes out that blows everyone out of the water.
 
Bitcoin has gained a level of stability in price in terms of how it reacts in the market. It is like the foundation of all crypto coins and there are a few coins that has that kind of control. So, it is going to be difficult for any crypto coin to gain much price as Bitcoin did.
 
Bitcoin have been the most valuable cryptocurrency for the past 15 years with no other cryptocurrency being anywhere close to the price or worth of Bitcoin. I don't see the possibility of any other cryptocurrency beating BTC.
 
The only currency that has the power to reach Bitcoin is Ethereum, however, there are very slim chan ces. ETH has a market cap of 200 billion, where as Bitcoin has a market cap of 500 billion, just see the difference.
 
DigitalNomad said:
The only currency that has the power to reach Bitcoin is Ethereum, however, there are very slim chan ces. ETH has a market cap of 200 billion, where as Bitcoin has a market cap of 500 billion, just see the difference.
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Exactly! It's never looked like something that's capable of happening over the past 15 years Bitcoin have sat on the pinnacle of worth in all cryptocurrency value. We all want other cryptocurrencies to reach the same level as Bitcoin but it's just a wishful thinking.
 
Grant said:
Bitcoin is the biggest cryptocurrency out there, by a long shot. But there are some currencies gaining traction, but I don't think most of them will ever catch up to Bitcoin. I think Bitcoin will forever be the top cryptocurrency out there. And they will continue to be the leader until some currency comes out that blows everyone out of the water.
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It's unlikely that any currency will overtake Bitcoin despite its great market domination. Other cryptocurrencies, like Ethereum, have distinctive characteristics and may coexist while providing various functions in the online economy. Long-term stability regarding Bitcoin's dominance is yet unknown.
 
As other cryptocurrencies are increasing in their worth, would Bitcoin also be appreciating too. It will be an impossible thing for another cryptocurrency to reach the same level Bitcoin have achieved. Bitcoin highest all time high is around $67,500, I don't see any other coin reaching $50,000.
 
I believe that Bitcoin will remain the king of cryptocurrencies for quite some time or forever, both in capitalization, in price and popularity, unless something very bad happens to its blockchain or its fundamentals, people believe in Satoshi's project and his vision for it even if the difficulties come, sometimes I think Bitcoin is a religion for many.
 
riberet19 said:
I believe that Bitcoin will remain the king of cryptocurrencies for quite some time or forever, both in capitalization, in price and popularity, unless something very bad happens to its blockchain or its fundamentals, people believe in Satoshi's project and his vision for it even if the difficulties come, sometimes I think Bitcoin is a religion for many.
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Yeah, that's very correct. From every indications that's happened years so far, there's no single line of facts that suggests any other cryptocurrency is ever going to come close to what we have in Bitcoin today even with all the dip we have seen in the coin. No cryptocurrency is well established the same way Bitcoin have been.
 
Heatman said:
Yeah, that's very correct. From every indications that's happened years so far, there's no single line of facts that suggests any other cryptocurrency is ever going to come close to what we have in Bitcoin today even with all the dip we have seen in the coin. No cryptocurrency is well established the same way Bitcoin have been.
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Well, there are many other reasons for that. There are many cryptocurrencies that will never be able to surpass bitcoin as they are correlated to bitcoin. This means that the value of those cryptocurrencies will go down in case if bitcoin crashes. Since their value is already much lower than bitcoin, it is unlikely that they will ever surpass bitcoin ever.
 
In principle, this is impossible in my opinion, because bitcoin is always one step ahead, so even if some cryptocurrency starts to grow rapidly, bitcoin will also not stand still, so it will never catch up. Although I would like to see some new currency on the first place in the rating
 
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