Topic: Bitcoin and altcoin: Who will take control of the market? - page 62. (Read 6969 times)
Last few week so many alt coins raised up while bitcoin and ethereum market down, so we can't say altcoins are controlled by bitcoins and ethereum, but when we need to buy or sell an altcoin we need to use BTC / ETH as intermediate.
with a history of long-term formation and development and a great invention of blockchain technology. I think bitcoin will be the king of the crypto market for a long time. High value, support from the investment community and large mining. In addition, natural fluctuations along with decentralized supply are still a trend that the community accepts. altcoin and bitcoin will complement each other to maintain the growth of the blockchain industry, stronger and more popular.
- with a recent development of altcoins in which it even beat Bitcoin when it comes to transaction speed, it might matter in the long-term approach. When it comes in controlling the market definitely Bitcoin as the king for now the question is how will Bitcoin sustain the crown in a broader aspect when development is concern.
My thoughts is that altcoins are still dependent with Bitcoin. Bitcoin is the king of all coins, all market of other coins is depending on the Bitcoin price, If bitcoin go up and down the other coins are affected by the movement of bitcoin, Bitcoin's price is also dragging down the altcoin market.
with a history of long-term formation and development and a great invention of blockchain technology. I think bitcoin will be the king of the crypto market for a long time. High value, support from the investment community and large mining. In addition, natural fluctuations along with decentralized supply are still a trend that the community accepts. altcoin and bitcoin will complement each other to maintain the growth of the blockchain industry, stronger and more popular.
Both of them are a good investment. But still bitcoin will dominate fo many years in the market. Im really confident that this coning more years the bitcoin is still the number one and no one beats in the market. It is more stronger over the market in the future.
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.
I kind of think that bitcoins will still dominate for a strong 5 more years in the market. Bitcoins are that strong, even if the features are outdated. I'm pretty confident that at 5 years, a new comet might take over the industry as the new bitcoin, but it won't be as expensive but it is accessible to all.
Wow, you have a really interesting question. I think Bitcoin will sustain the market but the alts will dominate. I say this because almost everything is pegged against Bitcoin and so it will determine their prices but the alts will dominate because they are many
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since 2010 I observed and in the end of 2016 I joined 'play', the role of Bitcoin still dominate above altcoin. I think altcoin will continue to grow and more and more in the world of crypto, of course bitcoin is the main axis.
The occurrence of a scattered altcoin, of course, makes their presence not without a finesse. Altcoin always comes up with breakthroughs that try to stay one step ahead of the other altcoins. And I'm sure if it goes on, it's likely they'll be system-equivalent with bitcoin, or maybe even equivalent in need. One of the many altcoins will begin to have a considerable impact on the world of cryptocurrency. I don't really know but that's my opinion.
But in view
Bitcoin still affects the price of other cryptocurrencies
At least the current price of coins tends to follow the trend of Bitcoin.
Bitcoin will only have stronger control over the market in the future
Bitcoin still affects the price of other cryptocurrencies
At least the current price of coins tends to follow the trend of Bitcoin.
Bitcoin will only have stronger control over the market in the future
For now, Bitcoin is ruling the market as it surpasses all the other coins in terms of market cap. Comparing Bitcoin with its direct competitor, Ethereum, in terms of market cap, it appears that Bitcoin overrides it about 2.5 times. For alt coins to displace Bitcoin, it will really take a long time or never.
altcoin's market is bigger than bitcoin's i must say, and as the result, each altcoin will be controlled by it's founders and developers
Bitcoin will take control of the market because bitcoin is more popular in the market than altcoin.And bitcoin as of now well doing better in the market....
Although, some altcoins such as Neo, Ethereum, Monero have been doing well, but bitcoin would continue to dominate the market for some time in near future. It is still many investors number #1 choice.
Both are cryptocurrency but if you are going to check who take over control on the market price movement of the crypto then i can say it is bitcoin. Basing on my observation of bitcoin market price when it goes high the other altcoins will follow. This is not new because i was able to observe for it in some other time. However, i do not think also that bitcoin will survive without these altcoins to be invested using the bitcoin. SO it is a mutual that bitcoin benefited from altcoin and altcoins to bitcoin.
Btc dominance has been slowly decreasing for years and with so many good projects coming to the market it's pretty much expected. Yes, many of the new ICOs are scams or cash-grabs, but there are legit projects out there that suck money away from bitcoin. Bitcoin will continue to be the most dominant currency, taking up the biggest share of the global marketcap, but its dominance will continue to decrease in my opinion.
bitcoin is the first, the biggest and the most known crypto in the world, it is no matter to think that altcoin can take control all over the world
If calculated from the overall crypto marketcap, Bitcoin only dominates by 37%. While the rest is Altcoins who have a variety of names. So, in large part, Altcoin has dominated the crypto marketcap.
Altcoins may have a higher share in the market capitalization but still bitcoin is only one coin versus the thousands of altcoins so bitcoin still dominates the market. If we observe the movement of bitcoin every time it makes a rapid movement whether up or down, altcoins would always be affected because bitcoin is a base coin along with ethereum that's why some traders would exchange their coins for something else may it be Tether or USD because they knew from the history that altcoins tend to react negatively when bitcoin makes rapid movement.
Everything follows Bitcoin. If it is sideways then altcoins tend to have chance for moon!
As of the moment, bitcoin still dominates the market but maybe later on when there are more options as base coin then the market will not react that much when bitcoin moves. When bitcoin is in a trading range, that's the time altcoins shine and moon because people shift their attention to it since bitcoin is not making interesting movements.
I still believe that bitcoin will keep controlling the market. Nowadays altcoin, ethereum and others will try to beat bitcoin, but in fact bitcoin is still the best and still controlling the market till today. And i never doubted bitcoin because i have felt the beauty bitcoin when the price reaches $ 20000.For that I still believe and faithful to bitcoin.
Everything follows Bitcoin. If it is sideways then altcoins tend to have chance for moon!
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