Topic: Are altcoins from bitcoin? - page 4. (Read 632 times)
Bitcoin is no doubt the foundation and bedrock for the cryptospace, hence got strong connection with all the cryptocurrencies. However, each coin is as independent as possible but all depend on the blockchain. This is why whatever happens in the chain affects the whole market and Bitcoin is the number 1 influencer of the blockchain economy.
Bitcoin is the highway, all other alts are the roads.
^a pretty good analogy
As of now, most of the bitcoin derived altcoins are based upon stupid idea for which the developers and founders of that coin think their coin have potential while actually, in most of the cases their coin is nothing more than way for the higher ups to gain a quick buck. I would never understand how some people invest in something so stupid, some people are really gullible.
^a pretty good analogy
As of now, most of the bitcoin derived altcoins are based upon stupid idea for which the developers and founders of that coin think their coin have potential while actually, in most of the cases their coin is nothing more than way for the higher ups to gain a quick buck. I would never understand how some people invest in something so stupid, some people are really gullible.
How exactly do altcoins gain value? There are so many altcoins out there and honestly you can see connection among these in terms of the drop and rise of price.
All coins are based on the blokchain system, and as we see the dependence with the change of bitcoin, the founder of this system, most of the altcoins also change. Some of course have already become self-sustaining and are not subject to such changes, it is to such coins and you need to bet.
Most of altcoins gain their value due to the fact that almost all markets trade it using BTC. That's why drop in BTC affects on the value of altocins.
I think most altcoins are dependent on bitcoin that's why it usually is affected whenever bitcoins price goes down, mostly goes down with it as well. And mostly these altcoins gain value whenever the coin has something to contribute in the community or if people think it can be applied or used in our normal lives.
How exactly do altcoins gain value? There are so many altcoins out there and honestly you can see connection among these in terms of the drop and rise of price.
It gains value depends on the technology they want to contribute. If the idea is unique, easily to understand and it will impact our lives in the future, this altcoin will gain a good value in the present and even in the future. How exactly do altcoins gain value? There are so many altcoins out there and honestly you can see connection among these in terms of the drop and rise of price.
Coins gain value if they have an intrinsic utility. Things like Monero have unique features that aren't seen on bitcoin (such as anonymity in monero's example).
The value comes from demand, if there is a huge demand for a coin and since most of these coins are not minable with fixed token supply, so as the demand for this coin increases the price also increases
With the fact that the value comes from their demand, I completely agree with you. But about the need for most projects, I can not agree. There are projects that do not understand what they are for.Well then who demands for bitcoins??? This necessarily means that companies accepts bitcoin as an exchange for a product or service. So initially these companies must've had or bought bitcoins using conventional currency for it to really be valuable not just by being demanded or by being accepted.
Same thing goes for alt coins, it is widely accepted because it gains value through bitcoin,
When you have predominately one coin that is being used as a trading pair don't you think when that coin loses value so will the others, makes sense to me I don't no why so many people ask this stupid question....
Anyone today can make very easily his own coin, in the same way he can make his own bills with a printer.
The problem, of course, is that nobody will accept them.
The value of bitcoin is in the general trust it gained in these years.
Altcoins have a value only if they are based on a real project, otherwise their value is zero.
The problem, of course, is that nobody will accept them.
The value of bitcoin is in the general trust it gained in these years.
Altcoins have a value only if they are based on a real project, otherwise their value is zero.
It's like comparing the exchange rate of a pair of euros and a dollar with the value of gold. Gold in this example is Fiat. If gold rises, then the euro and dollar exchange rate are lower relative to gold at the same time
There is definitely a dependence of altcoin on bitcoin. After all, bitcoin is a classic crypto currency, which sets the trend for the entire crypto-currency market.
Altcoins are cryptocurrencies other than Bitcoin. The majority of altcoins are forks of Bitcoin with small uninteresting changes. This page categorizes different ways altcoins have modified Bitcoin.
How exactly do altcoins gain value? There are so many altcoins out there and honestly you can see connection among these in terms of the drop and rise of price.
They gain value through the standard of their altcoin but the drop and rise of bitcoin always affect them all all because bitcoin is the measurement of the success of all cryptocurrecy. But it doesn't mean that bitcoin will carry all the altcoins on success but the contribution of each altcoins also play a big part.
The idea of how altcoin gains value is quite simple, from the very beginning that an altcoin is created, is deserved of a purpose, of a purpose that can influence a system or even the day to day of people, with that generates demand the interest for the currency. Regarding the connection is undoubtedly correct, Bitcoin is the main currency, all the others are alternatives and all depend on their moment and current value.
I think they are totally different. Does it matters right now? The more important is, they have value. And people keep on supporting them for a good cause.
How exactly do altcoins gain value? There are so many altcoins out there and honestly you can see connection among these in terms of the drop and rise of price.
The reason of drop and rise in value of alts along with rise and drop in bitcoin is due to the fact that the price of bitcoin reflects the average sentiment in the crypto space. Most people including me invest in alts to increase my bitcoins. Remember almost 90% of the coins will cease to exist in the future, but bitcoin is here to stay! 
The value comes from demand, if there is a huge demand for a coin and since most of these coins are not minable with fixed token supply, so as the demand for this coin increases the price also increases
With the fact that the value comes from their demand, I completely agree with you. But about the need for most projects, I can not agree. There are projects that do not understand what they are for. 
How exactly do altcoins gain value? There are so many altcoins out there and honestly you can see connection among these in terms of the drop and rise of price.
with bitcoin success altcoins start to emerge. they emerge to improve the flaw of bitcoin as well as to try to compete with bitcoin by innovating and developing new features as to improve and surpass bitcoin limitations.
I agree, with the new altcoin, that bitcoin has so many rivals, but even though the competition is so tight, it's still the bitcoin that's number 1 to my knowledge.
now altcoin is created so much that we can not understand the concept of the new coin.
Altcoins or ICOs have different strategies and different developer team but totally they are dependent on bitcoin as were based on the blockchain technology, so we can see red market when bitcoin goes red and green when it goes green as we have observed just before. Bitcoin is the one which gives meaning to the altcoins.
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