Bitcoin and altcoin: Who will take control of the market? - page 55.

chichigirl

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HELENA

Quote from: rollingstorm45 on June 07, 2018, 06:22:39 PM

it's still the bitcoin that can control the price of cryptocurrency
with the largest amount of marketcap, I am very sure, bitcoin prices will always affect all altcoin
but I prefer trading on altcoin

Same with me, i believe that bitcoin can control the market price, as we all know, most of the time when the btc are down the altcoins follows. But still i love to trade with btc and with alts for i know that there are more chances of earning big with crypto.

brylle34

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Alternative cryptocurrency coins are also called altcoins or simply “coins”. They’re often used interchangeably. Altcoins simply refers to coins that are an alternative to Bitcoin. The majority of altcoins are a variant (fork) of Bitcoin, built using Bitcoin’s open-sourced, original protocol with changes to its underlying codes, therefore conceiving an entirely new coin with a different set of features. source: https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/

Bitcoin always kept its dominance in total coin market capitalization over altcoins in past years, ranging from stunning 95% to a bottom low of 37%. Therefore in case you were wondering, alts are definitely back and are here to stay. source: https://www.cryptotradeacademy.com/blog/bitcoin-vs-altcoins/

Bitcoin is still the king of all cryptocurrency and has the over all controll in the market, altcoins is our second option if bitcoin drops, its our backup. if your will notice a lot of altcoins when it success on their ico sale will just dump fast or it will pump and then drops, few altcoins have a positive trends, and also when bitcoin drops altcoins drops also, that is why bitcoin is the backbone of blockchain

rollingstorm45

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it's still the bitcoin that can control the price of cryptocurrency
with the largest amount of marketcap, I am very sure, bitcoin prices will always affect all altcoin
but I prefer trading on altcoin

Dayan1

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Quote from: Quesito on June 07, 2018, 05:47:04 PM

I think bitcoin will take control of the market because when the price of bitcoin increase or decrease altcoins will do the same.

Yes it does, bitcoin is like the hard money in tradional currency such as dollars or euro , they are called the hard currency because all of the other currency depends on them same as bitcoin, Price of bitcoin will decide the price of other currency but dont be mislead by this statement, although price of bitcoin leads the price of other currency ,still the volume or the holders of each coin will predict weather it will pump or not.Those are the two factors that greatly affect the prices of coins.

patrickj

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I am certain that in the end, bitcoin will take control of the market. with the bitcoin value, it will make a modification for alternate coins, bitcoin still be the pioneer in the market. Despite the fact that bitcoin can possibly increment and lessening, bitcoin still increment in the long run thus do the altcoin yet the altcoin will take after with bitcoin.

dedet

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of course the bitcoin distantly affects other coin coins. because the highest price is bitcoin.
so if bitcoin descends or rises another coin coin will also follow that step

Limar0

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I still believe in bitcoin being the king of crypto that it will control the market all throughout.Again and again I've been seeing in the marketcap that as bitcoin value increases almost all altcoins also increases.That's how important the price of bitcoin is in the exchange market.

Sir Paijoe

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For the foreseeable future of course the dominance and strength of bitcoin will continue to control cryptocurrencies, and this can be seen from the fact that bitcoin marketcap reaches more than 37% whereas currently there are more than 1500 coins and tokens.

Quesito

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I think bitcoin will take control of the market because when the price of bitcoin increase or decrease altcoins will do the same.

Blackwhite69

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I prefer Bitcoin that has controlled the market because you can see for yourself if the price of Bitcoin in decline you can see all Altcoin decreased.

BD Money365

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Obviously bitcoin will control the market.If you see past few month market history then you will see when bitcoin price fall then whole cryptocurrencies price fall. when bitcoin price rise then whole cryptocurrencies price rise.So say that altime bitcoin control the market and bitcoin will control the market.

edutBTC

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The market isn’t stable at all and it seems like it’ll continue to be volatile and uncertain. I honestly support crypto market as a whole, i don’t think that bitcoin will replaced by some alt soon, i mean obviously btc will keep its position. The market will find a way always, so there is nothing to worry.

jefrihunter

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well i think bitcoin will control the market more often, you can see when bitcoin price rises then altcoin price also rises whereas if bitcoin price drops then altcoin will also decrease so bitcoin is champion and Bitcoin is the king of all the coins and will definitely reign always. When people talks about cryptocurrency, bitcoin is a necessity in all aspects of cryptocurrency. It controls lots of market, altcoin values corresponds to the movements of bitcoin market, thus the control is always on bitcoin.

Sihab76

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Bitcoin and altcoins, in market controls i deeply support bitcoin. About 90% altcoins directly depends upon bitcoin, do not altcoins but Bitcoin controls market caps.

shalaza

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It is Bitcoin leading now with a wide margin, i don't see Altcoins overtaking it as of now but it is quite possible in the nearest future. We have some nice coins that will give Bitcoin a run for its money

bitzizzix

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Altcoin growth due to the effects of bitcoin movement and every bitcoin movement causes Altcoin to just follow it and bitcoin will always control the market and nothing will exceed the bitcoin value.
and the popularity of bitcoin is increasing and many are using it compared to other coins due to the very high price that makes bitcoin always popular. and that will always dominate the market is bitcoin.

Abrefalll

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Bitcoin has ruled the market for this while and remain the most popular and most used cryptocurrency in the cryto world. Altcoins are a combination of various coins who are linked by bitcoin. I think bitcoin will continuously rule over the market for long and i don't see any altcoin taking over its place.

faithofb

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Bitcoin will always take control as the pioneer of crypto currency and the most used, accepted and traded in all exchange pairs.. .

Akany

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Undoubtedly a lot of cryptocurrencies are growing and are having value in the crypto market just as Alt Coin is having a stronger rise recently. And even for the fact that Bitcoin currently seems to be unstable, critically majority of investors tends believe and invest in bitcoin than in Altcoin and as long as it's this way, Bitcoin will sure take lead in the crypto market.

adolf512

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Quote from: Robert543 on April 26, 2018, 10:52:21 PM

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.

At the moment, we see a clear dominance of bitcoin, although there are strong and promising altcoyins in the market, but I still believe that the prices of altcoins depend on the price of bitcoin.

Topic: Bitcoin and altcoin: Who will take control of the market? - page 55. (Read 7000 times)