Post
Topic
Board Economics
Re: Which currency will dominate the crypto market? Please vote!
by
plast555
on 29/09/2019, 13:52:20 UTC
USD single currency is the base of the market everyone can easily accept it. so, in my opinion, it can dominate the crypto market
Stablecoins cannot be the dominant currency in the market. It is unreasonable that it is just a means to help investors avoid storms and can buy or sell more easily, to avoid being affected by market fluctuations.
For me, the coins that can influence the market the most have good technology platforms like ethereum or eos, LOOM, ...
They will be businesses that have a positive impact on the global market as well as their technology platforms, such as Microsoft, Google, Facebook, etc.
and ethereum, loom, ... all carry the same mission as the big businesses, if they succeed and have a large market share, bitcoin will not be able to stand on the top 1. Do you agree with me. ?

The "current" problem with Bitcoin is that it is largely non-scalable.
Completion of the transfers in as long as 1 hour shows that Bitcoin is not going to do much for adaptation. But because it is limited, it can create a value paradox like diamonds. That's why the price of Bitcoin can go too high.
But in the long run, we should use cryptocurrencies which has much faster TPS rates instead of Bitcoin.