Post
Topic
Board Speculation
Re: Bitcoin domination era is over?
by
qwertyup23
on 30/12/2017, 10:38:01 UTC
Hi,

Bitcoin domination is under 40% and Ripple is exploding.

Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?

I don't think bitcoin domination is over. It's still the most popular cryptocurrency. Maybe someday it will happen, but you have for a long time to wait.

People tend to think that once the prices decrease, another cryptocurrency will dominate the market. Well if you are looking for short-term gains, then investing into some altcoins like ethereum, lite coin, ripple, etc. might be a good idea due to their potential in price. But bitcoin's price has been a little-stable since its price drop last month. It has been staying around the $14,000 mark. Personally, I found it funny that people who complain about NOT investing into bitcoin when its price skyrocketed up to $20,000 are the same people who are attacking and saying bitcoin's era is over. Embrace the opportunity and let time do its magic.