Bitcoin and altcoin: Who will take control of the market? - page 72.

Markmolotok1488

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Quote from: kingkonjac on April 29, 2018, 02:04:41 PM

so many investors that do trading aim just one thing, " to increase their btc amount" which tells us that people are trading alts for btc and alts may be here for short term and btc in long run

Well, yes, very many people are trading in order to increase the number of bitcoins, not the dollar amount. In principle, this can be true.

kingkonjac

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so many investors that do trading aim just one thing, " to increase their btc amount" which tells us that people are trading alts for btc and alts may be here for short term and btc in long run

ballerin and giroud

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When everyone is asked about cryptocurrency then those people are focused to answer cryptocurrency is bitcoin. Looks like brainwashing, but the mindset of people is already on bitcoin so bitcoin will continue to dominate the crypto market even though the current condition of investors is turning to altcoin, as whales are in control of the price movement of crypto in the market.

TTITA

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Quote from: player514 on April 26, 2018, 11:06:15 PM

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.

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.

Indeed this is a trick way by many of those exchanges to gain more profit from the cost of this trade transaction, with or without us being aware.
I do realize that it is very difficult to find a direct pair from USDT/Altcoin (ERC20), while in most market are generally available for trading pair BTC/Altcoin (ERC20) or ETH/Altcoin (ERC20), these certainly makes the limit that altcoin price will not be able to pass through Bitcoin because the daily volume of Bitcoin is certainly the highest among from other of these trades.

tylerderden

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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.

Bitcoin is still dominating the crypto market and will be dominating the market for more time as whoever hear about the cryptocurrency market he will always hear bitcoin along with it.

Oasisman

hero member

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Bitcoin is obviously dominant than the rest of the alts, as their value are dependent with Bitcoin's price. Although during the market starts to recover, alts may have good outcome than Bitcoin due to its less volatility and good for short term investment. But, when Bitcoin declines, majority of the alts will be affected and will follow through.
Therefore Bitcoin has still full control of the market.

KingScorpio

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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.

bitcoin lost meaning to altcoins long time ago,

it is still being used however in the media, but for value transfer altcoins have a much bigger meaning

zissmieus

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Comparison between Bitcoin and altcoin We find that most people are exploring Bitcoin more and investing more in this coin, maybe now that the coin has a small variation that shows the difference. On the other hand, Bitcoin is considered worthy of investment.

Hagmonar

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Altcoins is good but i you want to be a leader in the market bitcoin is still the king of all crypto. Its hard to accept but bitcoin and etherium is the gateway of all transactions happen in almost all exchanger around the world. You cant exchange new token to another new tokens without the help of bitcoin and etherium.

JeBro

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Living is easy with eyes closed ...

Altcoins play an increasing role among the crypto-currencies. Investors are turning to them because of the opportunity to earn much more than trading bitcoin. I think the dominance of bitcoin will decrease in the future and the trading volumes of altcoins will rise.

Suler12

newbie

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Bitcoin does not depend on altcoins.
But the altcoins depend on the bitcoin.
The only way to understand this is to market it.

hibiscus

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Bitcoin is the first crypto currency which has the specific characteristics which enabled the global educated community to attract bitcoin to the use of their daily requirement.The originator has limited the quantity of the bitcoin to 21 million.After the introduction of bitcoin there are lots alternative coins are introduced to the market known as altcoins. Mean time the popularity of bitcoin is increased like anything and hence its price in the market also shoots up.Always bitcoin will be dominating in the market when comparing to other alt coins.

oppasong

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of course this is very good news if we look carefully because investment is the best choice for now especially if we do in a long period of time in view of bitcoin market will continue to increase in this year we will likely get a profit large enough.

juragane

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CAT.EX Exchange

of course 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.

virendarnagpal

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At the boom times it may be possible that some other alt coins appreciate in price greater than bitcoin but it is also true that at the time of price fall; the fall in prices of alt coins is always more than bitcoin.
Bitcoin is market leader. It's price movement affects market sentiments. In case bitcoin looks upwards other coins start upward journey but with the fall in bitcoin prices immediately alt prices start falling.

juiceannabel

newbie

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i think bitcoin still take control the market.
bitcoin is the first currency in crypto, therefore it already being traded in market in much volume.

ogtejiri

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bitcoin will surely take over the market now and in years to come because its potentials are just too great that no one can easily neglect.

pixie85

hero member

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I think that sooner or later Bitcoin will have to give way to some other coin, so altcoins will ultimately win. It won't be happening soon though. For now Bitcoin is the best and it will remain at this position for years. There's really no decent competitor and those who are saying the competitor is centralized ripple or BCH are funny people.

NABILA AKTER SHILA

newbie

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In my opinion, Altcoin is still completely dependent on Bitcoin. Because the bitcoin is the most popular and most popular coins in the current world. The proof of this is that we can understand the charts of the past years. Altcoins are growing and it's a good future. It has huge potentials that can control the market. But now Bitcoin is the best of all the coins.

hakertajniak

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YOUC | John McAfee Supports

you can see at coinmarketcap.com that bitcoin is leading the market volume
followed by the second altcoin : ethereum. so, the answer is bitcoin is still leading the market now.

Topic: Bitcoin and altcoin: Who will take control of the market? - page 72. (Read 7002 times)