about the price of cryptocurrency - page 9.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: hermankoles on August 28, 2018, 05:24:44 AM

currently bitcoin is the leader and we use it to provide comparative value to other altcoins because bitcoin is the one that starts the market. but it does not rule out the possibility that other altcoins can replace the position of bitcoin if it is superior in the market

Bitcoin price or will I rather say movement will always be a very huge factor when it comes to the movement of the general market as a whole. So far, we can see that as bitcoin keeps consolidating with small price movement, most of the altcoins are trying to make a move and once bitcoin manages to start dropping, we tend to see the same reaction on other markets.

So one way or the other, it is usually a driving factor in the market. Nevertheless, the downtrend was imminent and once we eventually manage to hit the bottom, I want to believe we will get to see some good recovery.

nizelong

newbie

Activity: 94

Merit: 0

The value of all cryptocurrencies comes from its scope of use, as does the price of altcoins. When its products are widely used, the price of tokens will also increase!

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: sunsilk on August 28, 2018, 05:58:43 AM

Quote from: petermike on August 28, 2018, 04:52:55 AM

Electronic money market is in a downward trend.

Cryptocurrency can be called that way but there are existing electronic money that was established by the banks and their respective partners. And how can you call that crypto's are on a downward trend?

Guys don't just look to the market starting December 2017, it's a long way to go for the market for this correction but it has been up compared to the same month.

That is one possibility that seems more like a hard one to place.

Bitcoin will always have the first movers advantage, like it or not, and except for the market maturing the more, and some of the coins that have product start experiencing some good level of demand based on the fact that they are being used in real life, the speculative nature of the market will keep making it like this.

Nonetheless, this does not mean it would just come that easy for any altcoin just to take the place of bitcoin. Remember we have just two set of coins in this market, bitcoin and altcoins. Selah!

BlueStackz

legendary

Activity: 1204

Merit: 1028

Quote from: Ributandikaputramandira on April 11, 2018, 03:46:43 AM

I am newbie just know bitcoin and cryptocurrency 5 months ago whether other cryptocurrency besides bitcoin can compete with current bitcoin value or value and what only bitcoin can be the leader of this cryptocurrency and what is the alignment of a cryptocurrency currency that the price becomes very high

This shouldn’t be a topic anymore, cause we are all very sure that as long as Bitcoin continues it will always remain at the top of the list and no other coin will be able to take it down from that position, not even ETH or XRP etc. Number of Bitcoins is limited to 21 million and when there is a higher demand than the supply of Bitcoin (amount that has been mined) then you see the price appreciating to a higher rate.

Bitcoin started from cents, half a dollar, then to $1 before reaching this current of thousands of dollars. This is because the current demand for it is way much bigger than the supply, demand for Bitcoin is more than the demand for altcoins.

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: devil before evil on August 28, 2018, 12:06:24 PM

well crypto currency is a trade market. the price of this market is changing day by day sometimes it gets higher again sometimes it gets lower then expectation

Bitcoin and other cryptocurrencies value fluctuate more in the market and all the time bitcoin value grow again and again after the dump we see in the meanwhile time.
However you please do the changes in the investment side for picking the right coins.

devil before evil

newbie

Activity: 82

Merit: 0

well crypto currency is a trade market. the price of this market is changing day by day sometimes it gets higher again sometimes it gets lower then expectation

diger

newbie

Activity: 98

Merit: 0

Quote from: fullhdpixel on August 28, 2018, 06:52:56 AM

Quote from: Sadlife on August 26, 2018, 12:07:55 AM

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.

One of the main reasons why altcoins always experience a huge pump and dump at the end of it all. For one thing, only coins or tokens with real life product will be found doing well in the long run and not just some wannabe shitcoins.

As the market keeps growing and as bitcoin keeps evolving, a lot of attention will be focused on this market which would affect its dominance positively and then those with products like I said will have to start trying to make their own impact to survive the alt market and stand out.

Of course, because most altcoins have no applications . Probably 5-10 % only have a future .All the others are created to pump out more money on the HYIP . But there are also very promising projects in which you should definitely invest your money .

diger

newbie

Activity: 98

Merit: 0

Quote from: Ributandikaputramandira on April 11, 2018, 03:46:43 AM

I am newbie just know bitcoin and cryptocurrency 5 months ago whether other cryptocurrency besides bitcoin can compete with current bitcoin value or value and what only bitcoin can be the leader of this cryptocurrency and what is the alignment of a cryptocurrency currency that the price becomes very high

Of course can and competes even .Just BTC it the first , that he is the most popular .But if you look technically, many altcoins are more pragmatic in application ,in 5 years bitcoin will lose its leadership .

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: Sadlife on August 26, 2018, 12:07:55 AM

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.

One of the main reasons why altcoins always experience a huge pump and dump at the end of it all. For one thing, only coins or tokens with real life product will be found doing well in the long run and not just some wannabe shitcoins.

As the market keeps growing and as bitcoin keeps evolving, a lot of attention will be focused on this market which would affect its dominance positively and then those with products like I said will have to start trying to make their own impact to survive the alt market and stand out.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: petermike on August 28, 2018, 04:52:55 AM

Electronic money market is in a downward trend.

Cryptocurrency can be called that way but there are existing electronic money that was established by the banks and their respective partners. And how can you call that crypto's are on a downward trend?

Guys don't just look to the market starting December 2017, it's a long way to go for the market for this correction but it has been up compared to the same month.

hermankoles

jr. member

Activity: 275

Merit: 1

https://customcontract.network

currently bitcoin is the leader and we use it to provide comparative value to other altcoins because bitcoin is the one that starts the market. but it does not rule out the possibility that other altcoins can replace the position of bitcoin if it is superior in the market

petermike

full member

Activity: 343

Merit: 100

We can not quantify the value of Cryptocurrency. It is important to consider the market context. Electronic money market is in a downward trend. Although this was a technical milestone, other factors limited the price of BTC at the time. Bitcoin's price also influences Crypto.

Slavyanskiy

member

Activity: 462

Merit: 17

This is not a question, but a real puzzle, first I need to understand your question correctly, and then try to answer this question correctly.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: bohr on August 26, 2018, 02:09:27 PM

Quote from: Sadlife on August 26, 2018, 12:07:55 AM

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.

Correct, for bitcoin there is only one point of reference and that is bitcoin itself, no other coin is at the same place, even if there are some other good coins in the market, there is no coin that has the adoption, popularity or the appreciation of the community that bitcoin has and to be honest I do not think we are going to see another coin at the top of the market anytime soon.

I always tell people, as long as bitcoin is the first, development is not going to halt, and support keeps growing with real life usage, then we will understand that altcoins have always been a distraction all along as a lot of them will end up taking the hit as the demand for bitcoin starts soaring pretty high. It would take all those things that I mentioned lacking in bitcoin to see any coin overtaking it.

Like sadlife mentioned, bitcoin is just its own competition, and every other alts are just trying to tag along. Moreover, the price of cryptocurrencies is just based on how much demand they are creating into this community and how many new people that they are attracting to invest with them. Hence, I am not seeing most other altcoins are not extending their applications up to real time scenarios, bitcoin may enjoy its dominance for hundreds of years also.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

I'm not sure of altcoins that will replace bitcoin as the first coin in the market. Until now, bitcoin has a large community, so it is so sure that it will make the price of bitcoin even higher. In contrast to altcoins, the amount to date has reached thousands and this shows that the altcoin will have a small community so that it will have a low price. All we know, the community really determines the change in the price of a coin.

Comino

jr. member

Activity: 182

Merit: 7

No noise. No hustle. Quiet as whisper. Comino.

Quote from: BillCoin on April 11, 2018, 01:27:42 PM

https://coinmarketcap.com/

You can see here a list of all cryptocurrencies with their price and market cap, just my 2 cents, you should look at the market cap and not at the price, as some coins may look cheaper but there have large amount of coins in existence.
Most of the crytocurrency community believes that bitcoin will rule the cryptomarket, but personally I think that if a coin will offer a more advanced technology then bitcoin I think that people won't stay behind.

Thanx for the link, I missed it somehow all this time!
I would also agree with you, that Bitcoin will not be the king of crypto forever. Technologies advance, specialists work on discovering new things and the time will come when Bitcoin will have to share his monarchy.

bohr

sr. member

Activity: 994

Merit: 257

Quote from: Sadlife on August 26, 2018, 12:07:55 AM

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.

Correct, for bitcoin there is only one point of reference and that is bitcoin itself, no other coin is at the same place, even if there are some other good coins in the market, there is no coin that has the adoption, popularity or the appreciation of the community that bitcoin has and to be honest I do not think we are going to see another coin at the top of the market anytime soon.

Sadlife

sr. member

Activity: 1400

Merit: 269

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.

feehannah

jr. member

Activity: 192

Merit: 3

Quote from: Ributandikaputramandira on April 11, 2018, 03:46:43 AM

I am newbie just know bitcoin and cryptocurrency 5 months ago whether other cryptocurrency besides bitcoin can compete with current bitcoin value or value and what only bitcoin can be the leader of this cryptocurrency and what is the alignment of a cryptocurrency currency that the price becomes very high

You know there are many digital coins in crypto market and they are not competing to each other. Its up to you what coin you want to invest. Price of every currency is base on the number of demands and supply in the market. Bitcoin is valuable because it has a lot of demand while limited in supply. That makes bitcoin value higher and keep on increasing even there is many dumps,it makes bitcoin stronger digital coins.

maarx

hero member

Activity: 882

Merit: 517

cloverdex.io

If possible modify your question. What exactly you wish to know as a new beginner. Make small sentences. Split your questions.

The first crypto coin launched / invented is Bitcoin. The value depends on the coins' demands and supplies. Other crypto coins' growth depends on bitcoin's growth. Crypto currencies nature is fluctuations in prices. Take note of it. Be patient if you are beginner to trade.

Topic: about the price of cryptocurrency - page 9. (Read 2660 times)