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Why would bitcoin dominate the cryptocurrency markets even in the future?

  • Thread starter Thread starter Potuse
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Potuse

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It was asserted by cryoto expert that bitcoin will always lead all other cryptocurrencies despite the fact that some cryptocurrencies are developed to be more advanced than bitcoin and to have more uses than the pioneer cryptocurrency.
 
Bitcoin is definitely going to be the top currency for a very long period of time due to it's acceptability by a large number of organization, and not other cryptocurrency enjoys this same privilege
 
With the biggest market share and the highest value among cryptocurrencies, Bitcoin is by far the most well-known. Despite the emergence of new cryptocurrencies, investors and traders have continually preferred Bitcoin, and its market dominance has only grown over time.
 
I also think that Bitcoin would be on top of crypto market for a long period of time because it was first cryptocurrency, most secure one and most trusted one.
 
Planbizzle said:
With the biggest market share and the highest value among cryptocurrencies, Bitcoin is by far the most well-known. Despite the emergence of new cryptocurrencies, investors and traders have continually preferred Bitcoin, and its market dominance has only grown over time.
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Yes, that's true, even people who don't know much about cryptocurrencies have surely heard the name Bitcoin and know that it is a cryptocurrency, even if they don't know what a cryptocurrency is, it is undoubtedly the most popular and the first that people will notice if they enter the ecosystem for the first time.
 
The total market cap of crypto is just about 1.1 trillion USD. The total market cap of Bitcoin is almost 600 billion. When Bitcoin reached all time high price, bitcoin market cap was over 1 trillion. People trust bitcoin more than any other currency because all currencies are in some way controlled by the company behind them, however, Bitcoin is completely decentralized/
 
Bitcoin have dominated the cryptocurrency market for 15 years since it was launched. Ethereum is the only coin which used smart contract came close in terms of worth. The price value of Bitcoin is miles away from any other cryptocurrency, this will be an advantage Bitcoin have over other coins.
 
Bitcoin is/was often overloaded in the blockchain. Transfers take very slow and have/had very high fees! But if something very innovative is happening here from any other coin(s). Then something can change in the market capitalization ranking relatively quickly.
 
BigAx said:
Bitcoin is/was often overloaded in the blockchain. Transfers take very slow and have/had very high fees! But if something very innovative is happening here from any other coin(s). Then something can change in the market capitalization ranking relatively quickly.
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The longest time any Bitcoin transactions which I initiated took to be completed was 30 minutes. I had the options to pay extra fees for it to be delivered faster but I didn't choose it. It's on the higher transfer fees Bitcoin needs to work on.
 
Potuse said:
It was asserted by cryoto expert that bitcoin will always lead all other cryptocurrencies despite the fact that some cryptocurrencies are developed to be more advanced than bitcoin and to have more uses than the pioneer cryptocurrency.
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Bitcoin have always been leading the world of cryptocurrency for years. This was why we were able to witness the all time high of $67,567 on November 8th, 2021 in the history of Bitcoin. No other cryptocurrency have ever come half way that price. The all-time high of Ethereum is $4,891 and Ethereum is supposed to be the coin trying to catch up with Bitcoin.
 
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