Topic: Battle between BTC and Other Coins? (Read 112 times)
I can't say that this is a battle, more like bitcoin is one man army and he with no effort can handle other coins. Bitcoin is a god
To understand the difference between bitcoin and alternative coins, you need to familiarize yourself with the history of their occurrence. I would advise you to read the book "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money". In which the history of bitcoin is described in great detail and how it became the main cryptocurrency.
It did not become the main cryptocurrency,,, it was the very first one, and from there was the main and today still is the main one. Major altcoins are also seeing a lot of use, the most is Ethereum, particularly because of their dapps and all their ETH-based tokens, but Bitcoin is still the only one that really sees major use (spending, buying) besides trading. There is no battle for BTC, other alts might see it as a fight or even war, but BTC stands on its own.
To understand the difference between bitcoin and alternative coins, you need to familiarize yourself with the history of their occurrence. I would advise you to read the book "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money". In which the history of bitcoin is described in great detail and how it became the main cryptocurrency.
Of course felllows the fate of the all other coins is linked with bitcoin. As we all know that the BTC is the king or you can say that it the emprior of the all king coin in the market. And we have seen that when ever the price of bitcoin goes higher so the price of all other coins. Now i have seen that bitcoin is round about 9000 dollars to 10000 dollars. and we can all hope that it will go higher to almost 25000 dollars to 40000 that is the prediction that many crypto pages and all other crypto investor said in 2018.
Am i right ?
Am i right ?
You should look it up yourself, plenty of discussions on this forum discussing that but in summary yes, the entire crypto world relies on Bitcoin. When it is healthy, alts tend to get even healthier, and when it is frail, alts get even more frail. There are short periods where alts sometimes get a huge boost against BTC, in the past normally because of demand for ICOs (ETH the favorite example here).
But make no mistake, the fate of alts ultimately relies on Bitcoin.
But make no mistake, the fate of alts ultimately relies on Bitcoin.
Yes bitcoin is at the top of the world so far, it is not known further.
I agree that when bitcoin falls he pulls all the violas, but when he rises, the violas go badly after him. It is what it is
I agree that when bitcoin falls he pulls all the violas, but when he rises, the violas go badly after him. It is what it is
I have been in touch with the cryptocurrency for the last 7 or 8 moths and i have noticed that when ever the price of the BTC goes up the other coins also go higher. It looks like they have some kind of market influence on each other.
Could you explain it? if yes then with reason.
And what is the difference between those other coins and BTC market?
Could you explain it? if yes then with reason.
And what is the difference between those other coins and BTC market?
In my opinion whole crypto market is standing on the shoulders of Bitcoin and somewhat on ETH as well. There are many reasons for BTC to be the leader of market. It is always on the top of the list and one of the initial crypto in the market. And on every trading platform trading is dependent on BTC and ETH.
That's the reason in my opinion.
Majority of the altcoins are dependent to bitcoin so thats why when bitcoin is rising, they follow as well. Not all are in the same phase of rise, some coins are going through in a logic like this.
Bitcoin up.
Alt down.
And when you will buy alt coins in exchanges you are required either with USD or bitcoin and the same thing now happens to ETH.
Bitcoin up.
Alt down.
And when you will buy alt coins in exchanges you are required either with USD or bitcoin and the same thing now happens to ETH.
I have been in touch with the cryptocurrency for the last 7 or 8 moths and i have noticed that when ever the price of the BTC goes up the other coins also go higher. It looks like they have some kind of market influence on each other.
Could you explain it? if yes then with reason.
And what is the difference between those other coins and BTC market?
Could you explain it? if yes then with reason.
And what is the difference between those other coins and BTC market?
In my opinion whole crypto market is standing on the shoulders of Bitcoin and somewhat on ETH as well. There are many reasons for BTC to be the leader of market. It is always on the top of the list and one of the initial crypto in the market. And on every trading platform trading is dependent on BTC and ETH.
That's the reason in my opinion.
I'm as experienced as you and I noticed the same.
The main currency in cryptocurrency markets is Bitcoin. Given this, alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices. I noticed also that when Bitcoin's price is going up, the altcoins are raising less than Bitcoin but when the situation is opposite altcoins tend to fall faster.
Other's coins market follow the same scheme because they are still exchangeable for BTC.
The point is that the Bitcoin is the main influencer to cryptocurrency market, so BTC has all card.;p
It of course always depends on cryptocurrency and the situation but in general, I think this is the reason.
The main currency in cryptocurrency markets is Bitcoin. Given this, alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices. I noticed also that when Bitcoin's price is going up, the altcoins are raising less than Bitcoin but when the situation is opposite altcoins tend to fall faster.
Other's coins market follow the same scheme because they are still exchangeable for BTC.
The point is that the Bitcoin is the main influencer to cryptocurrency market, so BTC has all card.;p
It of course always depends on cryptocurrency and the situation but in general, I think this is the reason.
I have been in touch with the cryptocurrency for the last 7 or 8 moths and i have noticed that when ever the price of the BTC goes up the other coins also go higher. It looks like they have some kind of market influence on each other.
Could you explain it? if yes then with reason.
And what is the difference between those other coins and BTC market?
Could you explain it? if yes then with reason.
And what is the difference between those other coins and BTC market?
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