Topic: As Bitcoin crashes to the abyss altcoins will become independant in price (Read 1904 times)
January 31, 2015, 04:53:46 PM
Alts are soaring while bitcoin sells off. I think we will face a new paradigm soon. OP was right on the money.
January 30, 2015, 04:24:31 AM
This topic is valid because since the October we have some interesting new players such as NuBits and NuShares in the cryptocurrency game. Turns out that both are priced in dollars and market history clearly proves it. For the first time in the history of cryptocurrencies we have coins that go up when BTC goes down. To quote mphs from Peercointalk:
Below is a comparison of BTC vs NBT & NSR charts:
NuShares have been a damn nice hedge against Bitcoin's demise for the past 3 months. What is more, thanks to NuBits I have been able to get out of BTC and into "USD" without having to use Bitstamp at all. Since 1 nubit equals 1 dollar I just buy nubits and instantly transfer them into my wallet to be safe from the exchange hacking threats. Whenever I feel bullish for BTC I just sell the nubits and instantly transfer the bitcoins to my wallet. You can essentially trade BTC/USD with the help of nubits and keep the "USD" in your wallet. Pretty awesome.
No wonder nubits has constantly been the third leading cryptocurrency by it's trading volume for the past several months:
Quote from: mphs
btc can go busted tomorrow and nushare is still holding the same price in usd.
Below is a comparison of BTC vs NBT & NSR charts:
NuShares have been a damn nice hedge against Bitcoin's demise for the past 3 months. What is more, thanks to NuBits I have been able to get out of BTC and into "USD" without having to use Bitstamp at all. Since 1 nubit equals 1 dollar I just buy nubits and instantly transfer them into my wallet to be safe from the exchange hacking threats. Whenever I feel bullish for BTC I just sell the nubits and instantly transfer the bitcoins to my wallet. You can essentially trade BTC/USD with the help of nubits and keep the "USD" in your wallet. Pretty awesome.
No wonder nubits has constantly been the third leading cryptocurrency by it's trading volume for the past several months:
January 30, 2015, 01:45:43 AM
Bitcoin crash, litecoin rally exactly how predicted. Spot on.
Get ready for something epic. Paradigm-shift! Finally!
You can keep your tarnished Bitcoin. People demand altcoins.
Get ready for something epic. Paradigm-shift! Finally!
You can keep your tarnished Bitcoin. People demand altcoins.
January 30, 2015, 01:42:13 AM
All the alts, with the possible exception of Ripple, have already crashed.
that's why they won't crash more
there's also at least one or two coins for which it isn't true and that were holding stable all the time. These are going to be big.
January 30, 2015, 01:38:24 AM
All the alts, with the possible exception of Ripple, have already crashed.
January 29, 2015, 10:22:13 PM
"I'm out too. Just suck my balls."
Great argument. With that, I'm out for real now.
Great argument. With that, I'm out for real now.
yes, go buy some 'cheap bitcoin'
January 29, 2015, 10:10:16 PM
"I'm out too. Just suck my balls."
Great argument. With that, I'm out for real now.
Great argument. With that, I'm out for real now.
January 29, 2015, 10:06:43 PM
The only thing that give any coin value is the hope of mass adoption. Btc is the poster child for crypto, if it fails it's over. I'm out of this thread, go on with your fantasies if you want.
I'd disagree. What gives a coin value is its fundamentals. Value is not price. Price is determined by supply and demand.
Bitcoin is not the poster child - not at all. It's the problem-child and just the first mover, but that wears off.
I'm out too. Bitcoin die-hards are stupid people with very narrow perspective.
January 29, 2015, 10:03:06 PM
You are living in a dream world. No one will give a rats ass about doge or nearly all other alts without btc in the picture.
Doge looks much less volatile than BTC to me - i prefer trading Doge/alts to trading BTC/alts right now for example.
If btc falls to nothing doge trading will become a novelty only, with no value attached. It will consist of a few dozen nerds totally in denial.
If btc falls to nothing doge rises against BTC - and not only doge
People will go crazy for alts and dump BTC
The only thing that give any coin value is the hope of mass adoption. Btc is the poster child for crypto, if it fails it's over. I'm out of this thread, go on with your fantasies if you want.
January 29, 2015, 09:59:49 PM
You are living in a dream world. No one will give a rats ass about doge or nearly all other alts without btc in the picture.
Doge looks much less volatile than BTC to me - i prefer trading Doge/alts to trading BTC/alts right now for example.
If btc falls to nothing doge trading will become a novelty only, with no value attached. It will consist of a few dozen nerds totally in denial.
If btc falls to nothing doge rises against BTC - and not only doge
People will go crazy for alts and dump BTC
BTC has no advantage over alts - name a fundamental advantage it has over alts.
merchant adotion: no argument- merchants adopt the less volatile coin immediately
hashrate: no argument - hashrate goes to the money
ETF: pipedream
In fact i can name a long list of disadvantages over alts it has and no fundamental advantage it has. But you guys make me tired. I regret making this topic already. You'll figure it out later ....
January 29, 2015, 09:58:48 PM
You are living in a dream world. No one will give a rats ass about doge or nearly all other alts without btc in the picture.
Doge looks much less volatile than BTC to me - i prefer trading Doge/alts to trading BTC/alts right now for example.
If btc falls to nothing doge trading will become a novelty only, with no value attached. It will consist of a few dozen nerds totally in denial.
January 29, 2015, 09:57:30 PM
You are living in a dream world. No one will give a rats ass about doge or nearly all other alts without btc in the picture.
Doge looks much less volatile than BTC to me - i prefer trading Doge/alts to trading BTC/alts right now for example.
Anything that's less volatile than BTC will overtake BTC as basecurrency in the long run.
January 29, 2015, 09:56:13 PM
alt coins are priced based on btc. say a doge is worth 60 satoshi, if btc goes really low are you saying 1 doge = 1 btc? that would be impossible because only 21 mil btc.
Of course not, doge and nearly all alts will go down at the same rate as btc. Look at the mkt caps - they follow btc with every up and down. I don't know what the future for crypto is, but right now it's looking really bad.
all that's looking bad is bitcoin - if bitcoin goes to 10$ and becomes even more volatile doge for example would be traded for fiat mainly
Bitcoin already is close to completely worthless as basecurrency. The volatilty is unbearable to trade any serious coin against.
You are living in a dream world. No one will give a rats ass about doge or nearly all other alts without btc in the picture. I hate to say this but I see a crushing near future for crypto.
January 29, 2015, 09:54:46 PM
alt coins are priced based on btc. say a doge is worth 60 satoshi, if btc goes really low are you saying 1 doge = 1 btc? that would be impossible because only 21 mil btc.
Of course not, doge and nearly all alts will go down at the same rate as btc. Look at the mkt caps - they follow btc with every up and down. I don't know what the future for crypto is, but right now it's looking really bad.
all that's looking bad is bitcoin - if bitcoin goes to 10$ and becomes even more volatile doge for example would be traded for fiat mainly
Bitcoin already is close to completely worthless as basecurrency. The volatilty is unbearable to trade any serious coin against.
Bitcoins' volatility affects altcoins' markets negatively. We have seen that now many times.
January 29, 2015, 09:52:03 PM
alt coins are priced based on btc. say a doge is worth 60 satoshi, if btc goes really low are you saying 1 doge = 1 btc? that would be impossible because only 21 mil btc.
Of course not, doge and nearly all alts will go down at the same rate as btc. Look at the mkt caps - they follow btc with every up and down. I don't know what the future for crypto is, but right now it's looking really bad. I've made some decent money this last year and had a lot of fun, but I'm on the verge of cashing out (what little btc I haven't already cashed out) and moving on. This has made me really sad lately, like I said it's been so entertaining.
January 29, 2015, 09:21:36 PM
Most of the altcoins have their prices based on bitcoin.
That will have to change in the future
January 29, 2015, 07:36:36 PM
Both BTC and (some) alts can have great success, it doesn't always need to be a battle.
That's true, but bitcoin had its 5 minutes fame already.
The relation altcoins<->BTC is out of frame and market will need to turn rational at some point. Bitcoin is wildly overpriced compared to technically better alts which are oversold. There is a big discrepancy which will eventually have to go away.
Bitcoin is as good as any other coin. And other coins are as secure as bitcoin (with hash) if they would have the same cap. So hashrate isn't an argument for BTC. Merchant adoption is no fundamental metric. So in that regard Bitcoin will get under the bus most likely rather sooner than later. Its fundamentals don't hold up against many alts - not even against Litecoin actually. First mover advantage is going to wear off at some point.
Tipping point approaching.
Bitcoin is: slow, old, inefficient and expensive
Alts are: fast, new, efficient and cheap
The best you can do is embrace it.
January 29, 2015, 07:00:08 PM
alt coins are priced based on btc. say a doge is worth 60 satoshi, if btc goes really low are you saying 1 doge = 1 btc? that would be impossible because only 21 mil btc.
Ah, some sense!
Now...since btc is based on the dollar, what happens in the bitcoiner's wet dream scenario where the dollar completely crumbles. Considering there's only 20 million bitcoin and several billion people in the world.
You are thinking in your bitcoin box that's why you will be taken by surprise
Nothing stops $$$ from going into alts with the use of btc or with direct fiat exchange. So the number of BTC or its marketcap is irrelevant in this.
Man, soon i'll charge you for my posts.
Bitcoin is an antique coin with bad fundamentals. It really can't compete with the alts after the broken promises. The lid will be blown off. Even Litecoin has more utility and is more advanced than BTC.
To see clear all you need to do is shrug off the Bitcoin-hype.
I think you need to charge yourself. In no way did you refute my inquiry, and somehow you get this egregious notion that I'm a bitcoin die-hard. You must be new.
In case the dollar crumbles all coins will go to the moon - not only Bitcoin. In fact the most hefty gains will be made in alts.
But most normal people will go to exchange liquor, cigarettes and precious metals instead of papermoney because they don't know how to handle cryptocoins.
January 29, 2015, 06:56:18 PM
alt coins are priced based on btc. say a doge is worth 60 satoshi, if btc goes really low are you saying 1 doge = 1 btc? that would be impossible because only 21 mil btc.
Ah, some sense!
Now...since btc is based on the dollar, what happens in the bitcoiner's wet dream scenario where the dollar completely crumbles. Considering there's only 20 million bitcoin and several billion people in the world.
You are thinking in your bitcoin box that's why you will be taken by surprise
Nothing stops $$$ from going into alts with the use of btc or with direct fiat exchange. So the number of BTC or its marketcap is irrelevant in this.
Man, soon i'll charge you for my posts.
Bitcoin is an antique coin with bad fundamentals. It really can't compete with the alts after the broken promises. The lid will be blown off. Even Litecoin has more utility and is more advanced than BTC.
To see clear all you need to do is shrug off the Bitcoin-hype.
I think you need to charge yourself. In no way did you refute my inquiry, and somehow you get this egregious notion that I'm a bitcoin die-hard. You must be new.
January 29, 2015, 06:49:03 PM
thinking altcoins would have no independant value could turn out to be a really bad misconception
https://bitcointalksearch.org/topic/ltcbtc-hellatrojanepicmegagreendildotastic-in-24-hours-940537
I don't know about you but i'm buying Litecoin right now ... it's faster than Bitcoin too!
Some alts may not be as hard hit from a further drop in BTC price, but I am 99% sure Litecoin won't be one of them, good luck though.
that's in fact good you (and others) are so sure because if you were unsure it wouldn't qualify as black swan
Litecoin up 800% , Bitcoin down 60%, then we can talk ...
(i found this other thread-> https://bitcointalksearch.org/topic/ltcbtc-hellatrojanepicmegagreendildotastic-in-24-hours-940537 after i posted this one btw)
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