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RE: Market Snapshot - April 23rd 2018

in #steemit • 6 years ago

What are your thoughts about Bitcoin dominance?

I hear varying opinions about whether it will continue to hold its market power and domincane. I think that over time Bitcoin dominance will decrease as the market gets more competitive

6 years ago in #steemit by
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     6 years ago 

    I believe this as well. But I think at least 30-35% of the market will still be dominated by BTC as a "digital gold" asset.

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       6 years ago 

      Yeah even though its not the best coin they have the first mover advantage which is massive!

      Whenever new people learn about crypto alot of them dont even know about altcoins and think Bitcoin is the only one. I think Ethereum and Ripple will slowly eat away at Bitcoin dominance

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