Topic: Am I wrong or right? (Read 1040 times)
Altcoins has it's own path but bitcoin really influences the market, because these altcoins are trading with BTC pairs if BTC goes up the value of altcoins goes up too. But sometimes when BTC is going up it sucks some liquidity from altcoins. For me, Bitcoin will be the first forever because it is the creation of Satoshi it has trust from the majority of people. Some altcoins already surpassed bitcoin in terms of technology but they will never beat bitcoin.
If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
You're true about that. The fact that the value gets centralized into the bitcoin and the story will be different if altcoins can stand with its legs without any intervention from the bitcoin but it looks like this thing will never happen unless altcoin can create a mechanism to secure its value from the intervention of bitcoin. If some devs are capable of creating highly potential coin and if it keeps attracting continuous investor than it will have huge value greater than bitcoin as well. But, that doesn't mean it will have value on its own, even it will be having value higher than bitcoin, still it will need bitcoins for reference to estimate its value.
Expecting altcoin to not depend on bitcoin is just everyone's hope but in reality until whenever altcoins always depend on the value of bitcoin, as the saying goes that if the big one will rule
That is mostly right l also think so that altcoins depend on BTC value, that is why we always say that when BTC starts rising up, altcoins will follow it. But sometimes we can see just different than expected, that means altcoins can move without any effect by BTC. but to tell the truth, it is something different from our expecting, as you above mentioned.
if altcoin does not depend on bitcoin, it can happen as you said because from the beginning until now the ups and downs of altcoin prices follow the movements of the price of Bitcoin.
as far as I know there is no altcoin that can replace or defeat BTC in any case. as we know that BTC always dominates the cryptoqurrency market and I think the price of altcoin will always depend on the increase in the price of the BTC itself.
If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
How can one altcoin will overthrone Bitcoin when the first mentioned are Capitalizing almost the whole market?
and why so curious about over throne Bitcoin when this coin is serving good the whole crypto community?
why instead of looking for the change of power,lets just focus in our support for their altcoins?
If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
Still depends on trading volume and market cap, even If Bitcoin is the first and failed to maintain a high marketcap over others them it will lose its position on coinmarketcap, Bitcoin isn't the first because it's the first crypto coin but because it has the highest marketcap, well supported tooIf altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
Still depends on trading volume and market cap, even If Bitcoin is the first and failed to maintain a high marketcap over others them it will lose its position on coinmarketcap, Bitcoin isn't the first because it's the first crypto coin but because it has the highest marketcap, well supported too 
It is very obvious that altcoins depends on bitcoin for a healthy growth,no matter how a token seem to move independent of bitcoin, once there is a huge dip of bitcoin it will definitely dip also, altcoins are in existence because bitcoin is doing well,once bitcoin falls,then be mindful of altcoins.
Altcoins price definately not depend on Bitcoin Price as i experienced in crytpo currency from past 4 years . Its Event driven if any major events going to happen in future coins will pump lets last LTC pump , ethereum pump everything . even previous bitcoin pump happend because of Bitcoin Halvign exchanges and whales decide which coin to pump for how many days . We should look into events in major forms and some youtube channel to analyze market
if so it's possible, but almost or even all altcoin depends on the value of BTC, so they will remain under btc.
although some coin exchanges do not have a BTC pair, the ups and downs of the BTC price affect the value of the coin.
although some coin exchanges do not have a BTC pair, the ups and downs of the BTC price affect the value of the coin.
that's right, there will definitely be another altcoin that will rival bitcoin if as you mentioned, but because altcoin price movements follow the movements of bitcoin then for now no one can compete with BTC for the next few years.
Expecting altcoin to not depend on bitcoin is just everyone's hope but in reality until whenever altcoins always depend on the value of bitcoin, as the saying goes that if the big one will rule
Sometimes when altcoin has released a good update about it and then it may get increase without need to following what bitcoin does. The big one will rule when the market was getting panic and tried to convert their money into the coint that dictate the market like ethereum or bitcoin.
If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
Yes, I think I tend to agree with your opinion that many altcoins prices depends on the price movement of Bitcoin this to me might be due to the price stability of Bitcoin however there are some exceptional stable altcoins in the crypto market space that tend to behaves a little bit different from Bitcoin price movement
Altcoins are still depending on the price of bitcoin and following its movement. Its the most popular crypto and accepted by some merchants and can be use to shop online.
Having a huge supporters and investors making it to be on top.
So if there's a btc bullrun expect the price of alts to follow the trend.
Having a huge supporters and investors making it to be on top.
So if there's a btc bullrun expect the price of alts to follow the trend.
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at this time bitcoin always affects the price of an altcoin. altcoin prices sometimes develop when bitcoin prices are stable because there is some development they are doing. so far, there is no altcoin that is not affected by the price of bitcoin and moreover there is no altcoin approaching the current throne of bitcoin.
Expecting altcoin to not depend on bitcoin is just everyone's hope but in reality until whenever altcoins always depend on the value of bitcoin, as the saying goes that if the big one will rule
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If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
well said op that if altcoins don't depend on bitcoin price some altcoin go to the over bitcoin price. But in the crypto world, you can not think anything without bitcoin. Because bitcoin is the father/king of cryptocurrencies, So always all movement/thinkings are dependent on bitcoin. I believe that this situation will not come in the future. And no altcoin will overthrow the bitcoin. This thought just a dream to me.
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Well it was a no for me because many coin that is not relay on bitcoin but still not on the top they are just pair on usdt but not fly too much and besides the bitcoin is the first virtual currency if there is no bitcoin then there is no virtual currency nowadays and another is not all altcoin was depend on the price of the bitcoin sometimes when bitcoin up many of them goes up too and do rally.
Bitcoin has dominated the crypto market for a long time, it's normal because bitcoin is the first in the crypto world. When talking about cryptocurrency, the general public must immediately think about bitcoin. Whereas we know that there are many altcoins on the market today. With this great power, often the price of bitcoin affects the market as a whole, sometimes when BTC is up, followed by alt, sometimes also vice versa.Well it was a no for me because many coin that is not relay on bitcoin but still not on the top they are just pair on usdt but not fly too much and besides the bitcoin is the first virtual currency if there is no bitcoin then there is no virtual currency nowadays and another is not all altcoin was depend on the price of the bitcoin sometimes when bitcoin up many of them goes up too and do rally.
Let us say, altcoins won't depend on BTC in time, I still believe that bitcoin will be number 1 as it is the original and even though some altcoins outperformed BTC when it comes to use cases people will still remember BTC as the first and the reputation is still so high. However as time passed by maybe, just maybe, another one will come up and beat BTC.
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