Topic: Bitcoin can never be 1000+ dollars again because of all the new coins - page 2. (Read 3110 times)
May 04, 2014, 05:30:19 AM
and many alts require you to purchase them with what? ah - bitcoin
May 03, 2014, 10:55:36 PM
Altcoins are just a hobby; they aren't competition for bitcoin. Not only are they just a hobby, but they are a hobby that requires bitcoin to buy into. Altcoins actually make bitcoin *more* valuable.
May 03, 2014, 08:04:29 PM
The altcoin market has been pretty consistent for years in being <10% the "market-cap" of bitcoin. Its magnitude rises and falls with bitcoin, but its relationship with bitcoin rarely changes. Generally speaking, introduction of new alts just dilutes the market for incumbent *alts*.
So, theory rejected.
Also, OP scientific method fail.
So, theory rejected.
Also, OP scientific method fail.
May 03, 2014, 07:54:36 PM
What happens when adoption and demand increases and there arnt enough coins for everybody?
May 03, 2014, 07:17:34 PM
the poor guy is new and off his meds 
He probably bought at a high and now trying to find others to blame.
May 03, 2014, 06:18:46 PM
the poor guy is new and off his meds
May 03, 2014, 04:53:45 PM
"Countless" eh?
May 03, 2014, 04:42:56 PM
This is the reason Bitcoin has dropped in price. All these countless new coins and still coming everyday pressed down the price.
Really? Thats the reason? You are insane.
If anything a lot of these alts are dumped for Bitcoin and help the price.
May 03, 2014, 04:24:40 PM
The Bitcoin money supply is ~$5.6B. The top 99 alt-coins combined have a combined money supply of $550M which is less than 10% of Bitcoin Want to rethink your theory.
May 03, 2014, 04:16:20 PM
no. just no.
Bitcoin dropped in price simply because after a bubble we have a long period of bear market.
The shitcoin market has not much to do with bitcoin price.
Bitcoin dropped in price simply because after a bubble we have a long period of bear market.
The shitcoin market has not much to do with bitcoin price.
May 03, 2014, 04:12:37 PM
This is the reason Bitcoin has dropped in price. All these countless new coins and still coming everyday pressed down the price.
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