Bitcoin and altcoin: Who will take control of the market? - page 7.

knggtrrz

newbie

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Quote from: PrissMCclen on August 30, 2018, 04:51:17 PM

Btc is the father, it will take alts a little while to take over uncle btc, because btc has gain so much trust, and it's the most trusted cryptocurrency right now, hope you understand what that means

yeah right, bitcoin is really very popular and really gained huge price now so for me bitcoin will still take control of the market, also bitcoin is the basis of all price of cryptos.

ihaveaquestion

full member

Activity: 563

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BTC adoption is falling and it's dominance is rising because it has lost its place as a currency and is increasingly looked at a store of value, like gold. For that it is not necessary for every retail POS to accept Bitcoin, as you don't pay with gold for your grocery. But other cryptocurrencies, that are valuated based on bitcoin that stores that value, can be used in its place. And many cryptocurrencies are seeing increasing adoption and development, just follow the news on them and you will see. It's like a whole new financial ecosystem that is evolving. If someone pays for your crypto in BTC, it has value because BTC has value that is accepted by the general consensus of the ecosystem.

PrissMCclen

jr. member

Activity: 338

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The Decentralized TCP/IP Internet Protocol

Btc is the father, it will take alts a little while to take over uncle btc, because btc has gain so much trust, and it's the most trusted cryptocurrency right now, hope you understand what that means

OSYA

sr. member

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DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

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.

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.

Yet there is no doubt that the demand of altcoins is created artificially - the price rises when there is zero volume and goes down after the market is saturated.
The main problem of alts is that they do not manage to hold their positions even on the ICO price level - they are usually dumped immediately after listing.

xindoa

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Activity: 194

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Staker.network - POS Smart Contract ETH Token

bitcoin will be in controll for a while until there is an alt coin that can make it all beter. but still bitoin will be a measurment till what other coins are going to have to compare to

Olayinka225

jr. member

Activity: 322

Merit: 1

Well...to me, I don't see altcoins taking or deciding the market. Even though if there's a very decline in bitcoin price and if the so called altcoins might want to take the market, I don't see it lasting for 24hours or less before bitcoin take's over again. Though it might happen.

honglien

full member

Activity: 293

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Most people also know Bitcoin dominates the market and is capitalized as well as the highest price on the coinmarketcap. So when Bitcoin increases or decreases or impacts badly on the environment, the Altcoins will also be affected. Bitcoin is the holder and operator of the crypto market.

Gankstard

newbie

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Bitcoin already controls the market and will continue to controle this market for a while. Even though some new altcoins have far better ideas and greater tech bitcoin has the popularity. As long as bitcoin is the only way to purchase new altcoins these altcoins will never take control. For that to happen there need to be more direct altcoin to fiat possibilities.

JohnHendry

newbie

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As far I know if we need to buy Altcoin we need bitcoin though it is right that Altcoin is running very fast but bitcoin is bitcoin Altcoin never take control of the market.

faithofb

newbie

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It has been bitcoin and it will continue to be Though other coins are really really trying to make atleast half the of the price of But it it not as easy as that. .

Tran Dinh Nam

newbie

Activity: 70

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Bitcoin will always be the king. But if you want to multiply your bitcoin. In an uptrend buy altcoins because they increase faster and on downtrend sell back to bitcoin or tether because altcoins drop faster

AquaVitae

newbie

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Btc controls the market now. But I believe Eth is coming and will surpass Btc in 2020. In short: That coin which has the largest market cap controls the market and decides the general price trend.

vnck25

member

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Merit: 11

I think the control has always been with Bitcoins. And to my understanding it will be like that for the coming years. But this could very well change if an altcoin is created for a growing niche filed in our society where blockchain technology can be easily integrated with. Until that happens Bitcoins will rule the crypto world!

Le Anh

newbie

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I still believe that the price of all altcoins depends on the price of bitcoin, so it is an indicator in the market of crypto-currencies. Of course there are exceptions and some coins show growth even in a downtrend, but there are very few such cases, because such pumps are made artificially.

thuananward9

newbie

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Bitcoin is used most by many people, we trade altcoins for bitcoin and we multiply our portfolio so that we have bitcoin. As you can see the most rewarding when selling altcoins is the bull season where the moment we gain a lot of bitcoin coz it is at all times high and alts are good.

aris av

copper member

Activity: 409

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The Standard Protocol - Solving Inflation

I think bitcoin is more in control of the market, bitcoin is more popular and has higher prices and altcoins are under bitcoin.

ihaveaquestion

full member

Activity: 563

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It was well known at the time that bitcoin was not ready to scale to those levels that quickly. However, it remains a trustless decentralized ledger system that people are comfortable with.

Developers now have their work cut out for them to push the tech forward to scale in anticipation of the next big wave like we saw in late 2017 and early 2018. That’s my understanding anyways.

brianross7

newbie

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As my view in the current market, Bitcoin still dominate the crypto market so far. Whenever its value go fluctuation, it will affected directly to the market. the price of altcoin would go along with the price of btc. So, BTC is hard to be replace now. In the next time, i hope that there are some big coin could has enough power to compete with BTC in the crypto market. So, the market would be balance and not defends on BTC anymore.

eni19888

newbie

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indeed, I think bitcoin is a computerized cash and an electronic money as well. In the event that we endeavor to dissect both Bitcoin and altcoin, Bitcoin is solid in the market and it has full control of the market. At the point when Bitcoin value tumbles down altcoin esteem likewise devalues so as indicated by my perspective Bitcoin will stay at the best and be the lord of the crypto world and Without bitcoin, there's no Altcoins in light of the fact that you can't purchase altcoin without utilizing bitcoin by and large so I will state bitcoin will dependably

Fire316

newbie

Activity: 281

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Bitcoin is still the one that take control of the market. Altcoins always needs bitcoin before you can transfer it into a fiat money. Bitcoin has important and big rule over altcoins. In terms of value and demand bitcoin still dominance. Also if you want to buy altcoins you still need bitcoins or ethereum.

Topic: Bitcoin and altcoin: Who will take control of the market? - page 7. (Read 7000 times)