Are altcoins from bitcoin? - page 5.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

if you want to understand altcoin market then search for "Penny Stocks", that should give you a pretty good idea what you are dealing with. and in this market you have the addition of manipulation in form of pump and dump and lots of newbies and underage kids who got in because the market was open unlike other markets which you can't get in with 20 bucks!
so mainly the altcoins are gaining value based on speculation and thin air.

your question in the title is asking a very different thing though. it implies altcoins are fork of something which is true in 90% of them. they fork from other projects like bitcoin most of the time.

kier010

full member

Activity: 532

Merit: 100

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

charlystriker

member

Activity: 148

Merit: 10

Quote from: leynylaine on February 08, 2018, 06:28:11 AM

Bitcoin is the source or the father of all cryptocurrencies and altcoins are the sons of bitcoins and these altcoins have many projects depending on their whitepaper. Altcoins are very different from bitcoin but on the concept it's the same since it's a cryptocurrency. The increase of value of a crypto is depending on how successful it is. If investors are that many then the value of that certain project will increase.

In my personal opinion,as for Bitcoin were the first cryptocurrencies created, and in a nutshell, they are essentially an electronic form of currency.While Altcoins in essence function as bitcoin clones but with improvements in the speed of transactions, enhanced hashing algorithms, and better distribution methods.

leynylaine

member

Activity: 322

Merit: 15

Bitcoin is the source or the father of all cryptocurrencies and altcoins are the sons of bitcoins and these altcoins have many projects depending on their whitepaper. Altcoins are very different from bitcoin but on the concept it's the same since it's a cryptocurrency. The increase of value of a crypto is depending on how successful it is. If investors are that many then the value of that certain project will increase.

Harlequill32

newbie

Activity: 27

Merit: 0

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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 gains of altcoin depends on many factors, one of them is BTC but also you need to consider that demands is also affecting its price.

Bitcoincole

full member

Activity: 504

Merit: 102

Quote from: Wonder_woman on February 08, 2018, 06:07:27 AM

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

I think bitcoin and altcoin are connected because when the bitcoin got red the altcoins also got red and when the bitcoin got green also altcoins got green. Also the thing is, before you can convert your altcoin to your country`s currency, you must need to convert the alt to bitcoin first, thats how cryptocurrency works on our country. So they are really connected, you cannot earn from altcoin here when there is no bitcoin.

Absolutely, alternate cryptocurrencies are currently base from the demand and supply of bitcoin so what ever comes first if the demand in the market are low they are pumping of value so makes it (green) and if the supply are high or more in the market they are dumping makes it (red). Instances of volatile is always concern they are normal.

yunuzov

sr. member

Activity: 464

Merit: 250

You should never think one of them without the other one. Especially most of alt coins are really dependent on bitcoin. They usually follow the trend of bitcoin . If bitcoin goes up they go up as well and if bitcoin goes down they follow it again. Bitcoin gets affected by alt coins too but not that much. It is usually bitcoin who shapes the future of the market.

louie69

member

Activity: 322

Merit: 12

Quote from: carrymentality on February 08, 2018, 05:59:45 AM

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

No, altcoins are not from Bitcoin per se. However, their concept is from Bitcoin. Bitcoin is the pioneer cryptocurrency in the market, and in every market, there should be a pioneer asset where other assets would pattern their production from. Although they are supported by different technologies and are virtually different from one another, they also have similarities as currencies, investment and trade mediums, and hold-able assets that can be encased in the future.

My opinion on this is that altcoins were made and mostly patterned with bitcoin. In relation to the market movement trend, I would say that BTC and altoins were merely correlated with each other as what we had seen in the previous days where price of BTC had dropped big and same with the altcoins.
However, there were few altcoins that hasn't much affected during the market crush mainly because of it's good performance and reputation just like Ethereum coin.

Wonder_woman

full member

Activity: 674

Merit: 101

I am hired and not own by any Team!

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

I think bitcoin and altcoin are connected because when the bitcoin got red the altcoins also got red and when the bitcoin got green also altcoins got green. Also the thing is, before you can convert your altcoin to your country`s currency, you must need to convert the alt to bitcoin first, thats how cryptocurrency works on our country. So they are really connected, you cannot earn from altcoin here when there is no bitcoin.

carrymentality

newbie

Activity: 140

Merit: 0

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

No, altcoins are not from Bitcoin per se. However, their concept is from Bitcoin. Bitcoin is the pioneer cryptocurrency in the market, and in every market, there should be a pioneer asset where other assets would pattern their production from. Although they are supported by different technologies and are virtually different from one another, they also have similarities as currencies, investment and trade mediums, and hold-able assets that can be encased in the future.

yslyv

hero member

Activity: 1078

Merit: 537

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

Altcoins and bitcoin uses similar technology both of them works on blockchain. Because bitcoin is dominated cryptocurrency in crypto market, everything depends on bitcoin. All of altcoins are under pressure of bitcoin price.

Cnut237

legendary

Activity: 1904

Merit: 1277

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

There is a link to bitcoin as bitcoin is the gateway to crypto, and if you start with fiat, for a lot of coins you have to go via bitcoin before you can buy them. Also when there is a news report saying something about bitcoin, this is generally interpreted to mean the whole crypto market, so prices tend to move together on this sort of news.
There are also independent moves where one coin goes up or down according to its own developments, but this can be buried beneath bigger whole market movements.

faceoff97

full member

Activity: 644

Merit: 113

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

Just like bitcoin, the value of altcoin is dependent on the demand it is gaining from the market. Basically, alternative coins started with crowdfunding and thus mean not from bitcoin. Alternative coin serve a particular purpose, its purpose attract people to invest on it. Price is dependent on how useful the project and how people will be benefited from it. An altcoin may only gain increase in value when the took interest on it and eventually gain demand and popularity.

natsu01

member

Activity: 392

Merit: 21

Nope! Not all altcoins are from bitcoin because some altcoins are supported by ethereum or erc20.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: jacafbiz on January 31, 2018, 01:06:36 PM

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

In the real world, maybe, and for Bitcoin, surely. But when you see a lot of alt coins with a handful of early users, and thin order books with sell and buy orders simply not filling up, don't you think: there's no demand here. Yet that's still the price.

Just because something is scarce, doesn't mean it's in demand. Look at people who buy rare collectibles. Yes, there is a demand, but to me that doesn't really say anything if only a handful of people are willing to buy (and not for using even).

popolite11

sr. member

Activity: 882

Merit: 250

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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.

Now we can watch some fuss on the market of crypto. If several months ago altcoins were going down when BTC was growing, then today BTC is falling together with alts, and starts to gain with the other coins. Suppose that everything has changed, and now alts and BTC have the less connection than before.

nobetci

member

Activity: 238

Merit: 10

ARIZN - Tokenised Crowdfunding Platform

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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 are gaining their values with the increasing demand. If a coin has some innovations or unique working styles, the demand to that coin increases and it can has a good value on the market.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

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

Triyavam

newbie

Activity: 98

Merit: 0

Indeed if at first glance both look almost the same, they include digital currency, but much different,
Altcoin will not be able to stand without bitcoin while bitcoin is able to stand without altcoin,
Altcoin is arguably an alternative coin of bitcoin,
The purpose of making altcoin is to cover the weakness of bitcoin,
The weakness is the limited number of bitcoin in circulation at this time.

-Redacted-

hero member

Activity: 574

Merit: 501

Quote from: Jake_Shannen on January 31, 2018, 10:43:28 AM

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 main currency in cryptocurrency markets is Bitcoin. Its price tend to effect altcoin prices. Alts usually found Bitcoin runs and Bitcoin tends to fund alt runs. So their connection is obvious.

Topic: Are altcoins from bitcoin? - page 5. (Read 632 times)