Ninjastic
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Post
Topic
Board Bitcoin Discussion
Re: Bitcoin doing monopoly business in cryptocurrency platform !
by
Red-Apple
on 27/06/2018, 09:52:50 UTC
Quote from: imrul5 on June 27, 2018, 09:10:40 AM
Quote from: Dilerium90 on June 27, 2018, 09:07:05 AM
Quote from: imrul5 on June 27, 2018, 05:42:13 AM
I think the only bitcoin can make this cryptocurrency market stable. BTC was doing monopoly business over last few years. It's time to do some competition with other good currency. Am I right or wrong?
Of course, Bitcoin has nearly 40% volume from all cryptocurrency market nowadays, that is why he has all rights affect the price of all other currencies, but i am sure, that in a few years, maybe faster, this trend will crash and cryptocurrency will be free from the influence of Bitcoin price.
BTC is already facing huge competition from other cryptocurrencies. Monopoly business can be prolonged if they find any differentiated product. I mean BTC has to introduce something new to its users so that it can stay on the top.

you keep repeating the same thing about "competition" but you don't mention any names. i don't see any competition out there! there are shitcoins such as ethereum that have high volume, high price and get pumped a lot but that doesn't mean they are "competing" with bitcoin. it just means we have a pump and dump coin that was successful in its pumping process.