Topic: Bitcoin and altcoin: Who will take control of the market? - page 38. (Read 7002 times)
for me these days it seems like altcoins are doing better than bitcoin because pretty much all of their prices are green while bitcoin price is red. But the difference is to little to consider it a threat to bitcoin and people are investing on it big time, there are some factors that affects why altcoin cannot surpase biycoin at the current moment, its because bitcoin act as aa bridge to buy and sell altcoins, that contributes a big factor.
Bitcoin will remain currency for a long time as currency.Bitcoin has popularized in the market and it is the king among the cryptocoins and the market capital is so high considering the above factors Bitcoin will take control of the market.
Bitcoin is a digital money and an electronic currency too . If we try to analyse both Bitcoin and altcoin ,Bitcoin is strong in the market and it have full control in the market.
My opinion, I'm still sure bitcoin will continue to control the market, because I notice if the bitcoin price drops all tokens well down, so I think no one can get into bitcoin, because it is a crypto king and for me this is the foundation of all.
Bitcoin continue to control the whole cryptocurrency not only in price and market capitalization but also in making the altcoins follow its price fluctuations. Bitcoin influence in the price of almost all cryptocurrencies can be seen during its correction or dip. when bitcoin dips, altcoins follow and the whole market becomes red proving that the bitcoin is in control of the crypto market.
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 undeniable that the development of altcoin for now is very rapid and probably will continue for the next few years, and the bitcoin price is now declining. Whether bitcoin investors will move to altcoin or survive it will all be a tough thing to decide.
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.
Interesting opinion
For now, i think bitcoin will take control of the market. But nothing last forever
lets see what aspect make alt coin win against bitcoin
Bitcoin will still be a king, because 99% of altcoins are erc20 and dont have their blockchain,programmers,community.
I think Bitcoin will take control of the market, it will be a long time before Bitcoin will replace it
i think the bitcoin that controls altcoin because the government of bitcoin is always followed by altcoin
As per today's condition of BITCOIN'S price everybody is feeling that altcoins will overpower BITCOIN. But i disagree to this fact as i am very sure that BITCOIN will soon rise up to great heights and nothing will be able to stop it from ruling the market.
These days it seems like altcoins are doing better than bitcoin because pretty much all of their prices are green while bitcoin price is red. its because bitcoin act as aa bridge to buy and sell altcoins, that contributes a big factor.
nope bitcoin is an influencer for the whole crypto, if altcoin sometimes increases while bitcoin is not, it does happen sometimes, but rarelybitcoin has a great influence on crypto, seeing all altcoin users is certainly also a bitcoin user, so bitcoin will still dominate
For me nevertheless I accept as true with bitcoin is the only one coin as opposed to the heaps of altcoins, so bitcoin nevertheless dominates the market. because if you study the market, when the fee of bitcoin upward thrust then altcoins price additionally upward push and while bitcoin price collapse then the altcoins marketplace is going down as nicely.
bitcoin and altcoin are two currencies that have advantages and high values..Bitcoin is controlled the price in the market because of big value price among all cryptocurrency in the market.
Bitcoin has a total market cap of 123 billion USD, which is nearly half of the entire cryptocurrency market, and it is available at most of the trading platforms which is greater than any other coin, furthermore at such a huge economy of scale, bitcoin is not a subject to the small volatilities in the market and is close to taking control.
Bitcoin will always be number one as it is the first crypto. Some alt coins like ETH and ripple will also increase in demand.
There is no such words like ''always'' or ''forever'' on Internet.
Many giants like hotmail, or nokia believed the same but other projects came, and replaced old ones, like gmail or iphone. because they could offer better service to the clients.
So, in the short term, 5-10 years, I also believe that bitcoin will remain number 1 but if something else comes, with better quality or service for clients, it will replace bitcoin.
In my own understanding, altcoins has the bigger market compared to bitcoin however that doesn't mean it had take full control over the cryptocurrency market.And this is evident from the price of bitcoin which is way more than altcoins.
Indeed bitcoin dominance in market decreasing, but i think it creating competitive market. If bitcoin dominance more than 50%, i think crypto market not healthy because others crypto dont have good circulation.
Bitcoin will always be number one as it is the first crypto. Some alt coins like ETH and ripple will also increase in demand.
Exceptions are possible, and some coins may show growth, even with a decrease in the price of bitcoin, but I still believe that the price of most altcoins depends on the price and position of bitcoin.
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