Topic: Bitcoin and altcoin: Who will take control of the market? - page 27. (Read 6969 times)
To be truly honest both of them are very useful because we can benefits in using it the way of earning but if i will be given to choose a better one i will choose bitcoin as usual than altcoins because in the first place it is very popular all over the world so that's why many investors will invest it and it will take control of the market.
My opinion is that altcoins are still dependent with Bitcoin. We can prove that by looking at the most recent bearish market. Bitcoin's price is also dragging down the altcoin market. Altcoins are still growing and maybe in the near future, there is a huge possibility that they will take control of the market. For now, I can conclude that Bitcoin is still on top.
[I agree-bitcoin is still ahead and I hope it will always be so!]
[I agree-bitcoin is still ahead and I hope it will always be so!]
As long as altcoins depend on bitcoin, altcoins will have no chance to take over. We do know that we need bitcoin to get other coins since it is very difficult to buy them directly.
As mostly crypto enthusiasts says, Bitcoin is the leader of the pack and it has become the gold standard. Thus, i believe at the end Bitcoin will always take control of the market over altcoins. In general terms, Bitcoin as the pioneer of cryptocurrency has the highest adoption, highest market cap & daily volumes and the most recognized. All other altcoin prices are rate based on BTC itself.
In times of volatility and uncertainty, investors tend to favor one particular crypto that has high liquidity and is stable. At the current time, Bitcoin price trend still dominates the market trend.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own “trajectory”.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own “trajectory”.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
This is an interesting opinion that I doubt many people on this forum share. Altcoins generally are just a bigger market, but for most part, bitcoin is the bridge between them. Generally, if you want to buy altcoins, you have to buy bitcoin and then use that bitcoin to purchase the alts. It's hard to find places to buy altcoins directly. I believe this is what makes Bitcoin and Ethereum in particular so large in terms of all of the other altcoins. As long as the system of having to purchase altcoins using bitcoin/eth exists, it is very unlikely that the altcoins will surpass bitcoin, as there will be people putting as much money into BTC as they do alts.
I think this is what many of us have failed to understand. This is absolutely true.
Bitcoin i think...we never see a real rival of bitcoin in the market capitalization and i dont think that this can happen at least in the near future
Bitcoin is the first crypto currency started in the year 2009 but alt coins are also the crypto currency established in the market after the bitcoins arrival mostly with the same features. Bitcoin is the leading coin in the market the rest of all alternative coins are simply following the path of the bitcoin.The market movement of bitcoin is related to all other alt coins to deflect. So bitcoin is always control the market and the bitcoins market capital is very high comparing to the other alt coins market capitals.
Most of the altcoins are depending on bitcoin. When the price of bitcoin rise then altcoins price first fall and wait for the btc to stabilize and than rise and when bitcoin price fall down then all the alts go down with a more % than btc itself. .
Many altcoins will disappear, because they have bad teams, bad ideas, or are scams. Yet others will grow, like Ethereum did. There is room for all to grow, as the whole market is still change compared to Wall Street.
Bitcoin was serves as a mother of all cryptocurrency. It was first invented and as we see it is far from altcoins. I believe altcoin will just follow bitcoin and bitcoin was the head in the market. As we see when the price of bitcoin fall most of the altcoins falls to and when it pump, altcoin also increase.
Altcoin now follows its own path in predetermined price trends. However, bitcoin still has an influence on altcoin prices, since some altcoins are bought using payments via bitcoin. That's what makes bitcoin today is still a big coin.
At present I see bitcoin are controlling this market. When the BTC is pumped to the floor, almost all the market will go up with it.
They are somewhat dependent on each other. That's why you would notice that when btc dumps , most of the altcoins do follow suite. For now , all these altcoins still rely on btc. Hopefully in the near team , there could be some balance
In times of volatility and uncertainty, investors tend to favor one particular crypto that has high liquidity and is stable. At the current time, Bitcoin price trend still dominates the market trend.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own “trajectory”.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own “trajectory”.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
It is observed that whenever the price of bitcoin increases, other coins also increases. Many cryptocurrencies are moving like how bitcoin moves right now and it seems like this would continue to happen in the next years as long as bitcoin tops the market. There are other coins that can potentially compete and level with bitcoin. But we need to wait a few more years to see what will really gonna happen.
Personally i think bitcoin will continue to control the market. Although other altcoins are there, trust me they aren't matching bitcoin boot for boot. This has made bitcoin dominate for long.
In times of volatility and uncertainty, investors tend to favor one particular crypto that has high liquidity and is stable. At the current time, Bitcoin price trend still dominates the market trend.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own “trajectory”.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own “trajectory”.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
We all know that all altcoins still dependent to bitcoin so for me as of now, bitcoin is the only coin who will take control of the market, anyway no matter who is top, king and leads the market, the important is both of them give us profit.
the rise and fall of btc price affects that of altcoins and thus bitcoin controls the market. nonetheless, there are lot of potential altcoin that will do very well in nearest future.
In my humble opinion,Bitcoin is the driving force of most the altcoins,they are skyrocketing is simply because Bitcoin is skyrocketing too,Bitcoin in charge of the market..
in my opinion, bitcoin and ethereum have a big influence to all cryptocurrencies price, if bitcoin and ethereum price raise up, almost all of cryptocurrency experiencing the same thing
There are hundreds of altcoins on the market and people spread their investments through all of them while bitcoin is alone and people are doing investments only on bitcoin so that the prices maintains at a high value.
What I can see now is that Bitcoin is still dominating the market. almost all the alt coins if not all are still dependent or directly affected by Bitcoin's price. Bitcoin is still the king, but do not get me wrong, I am not saying that it is impossible for an alt coin to reach a success like Bitcoin did, what I am saying is, not now, not yet at least. It will still take more effort, work and time for them to get to where Bitcoin is right now.
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