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Re:Turkey bans use of cryptocurrencies for payments by koonsolo on Friday April 16, 2021 @01:23PM (#26836667)
Bitcoin is leading with a 50% market share. So big but not really a monopoly.
Re:Turkey bans use of cryptocurrencies for payments by Max_aaa on Friday April 16, 2021 @01:42PM (#26836917)
The question what will happen when Bitcoin flops. Will people trust other crypto? It looks like for the crypto train to keep on chugging, bitcoin needs to be sustained.
Re:Turkey bans use of cryptocurrencies for payments by koonsolo on Friday April 16, 2021 @02:57PM (#26837708)
Right now it seems to be the main driver indeed. If the 'store of value' Bitcoin fails, I guess in the short term, all crypto's will crash. And then the question will be if one has a decent enough value proposition to rise up again. Although a lot of people are opinionated on this last part, the fact remains that none of us really knows.

Another option is of course that one crypto would just overtake Bitcoin. If I remember correctly this almost happend with Ethereum and was called the flippening. This scenario would be better for crypto of course than a real Bitcoin crash.