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Topic: Bitcoin is the house of the cryptocurrency market - page 2. (Read 171 times)

legendary
Activity: 3108
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How about Bitcoin is the Mother Earth and other platforms like Doge, Shib or whatever dog name they input are plastics.
They are the one destroying the Mother Earth (which is Bitcoin in this case) polluting the cryptocurrencies field with all the non sense projects they make.
Then there is a billion dollar worth man who thinks those plastics are the ones who will save the Mother Earth for its fast and low fees but in fact they are just here to make profits in a short run and leave a polluted community.
hero member
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Let me make an analogy. Bitcoin is the house of the cryptocurrency market and Ethereum is a car. What do you think of other currencies? LTC? EOS? SHIB? NFT? etc.
I like the analogy Grin
Yes, bitcoin is a house and the other currencies is at the inside of the house Grin
Bitcoin is like a city that leads the citizen to follow the bitcoin path as we know that bitcoin price can affect all of the coins. But I do not think that SHIB can follow the journey since the project is new and needs to survive in the crypto for some time. Who knows in the future, everything will change and the inside of the crypto will be different than now.
hero member
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Honestly, I don't understand the comparison and analogy between bitcoin and the other altcoins. However, you're spot on when you've said that bitcoin is the house, not just a house but the powerhouse of the crypto market because all of the cryptos are totally just going with wherever bitcoin is going. If I'll be adding the analogy of NFTs, we still don't know what's the future for them so I don't know the exact word to describe about it.
full member
Activity: 661
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Let me make an analogy. Bitcoin is the house of the cryptocurrency market and Ethereum is a car. What do you think of other currencies? LTC? EOS? SHIB? NFT? etc.

It is a really interesting analogy, so I would like to continue this row. I think that NFTs are the decoration of everything, different shit coins and meme coins like shiba inu and dogecoins are just birds that then fly away and then can arrive again. Different stable coins will be like an additional shelter where you can survive bad weather (crises in the crypto market).
legendary
Activity: 1876
Merit: 1157

Bitcoin is the house and the house is on the corner of two avenues, two blocks away is where you can find a dogshit alley. Most dog owners stroll their dogs there to shit, these dog owners are irresponsible they don't even pick up the shits of their dogs. That's where you can find altcoins like LTC, EOS, SHIB and NFTs. Don't take it seriously bro they do have value, they are just not mainstream.
Haha..This was funny.

I'd not go as far as calling LTC  a shitcoin though. EOS is definitely a scam coin whose founder raised money and has now completely shrugged away any responsibility while they use the raised BTC for a fund of their own. Good for them though. The joke is on the idiots who thought a PoS chain could actually be the answer.

LTC is more like the model of the house you may build before going for the actual things or like your garage to try out some new fittings.

Bitcoin is more like the main foundation. The cryptocurrency market is strong now but given that it has Bitcoin as its main foundation, the moment Bitcoin crashes is also the moment the whole cryptocurrency market crashes. Other coins are simply riding with Bitcoin's popularity. The cryptocurrency market has Bitcoin acceptance as its main fuel.

Other coins don't play big roles in the market. They are shitcoins that are dependent on hype.

I mostly agree with this. Bitcoin is the foundation for all things crypto. This will become more and more pronounced as the US regulators tighten the regulations around all of the companies that are working from a US jurisdiction. This is going to be a watershed moment for crypto. Few will survive and those who do, will probably flourish beyond imagination. Just put at least 60% of your crypto worth into BTC and make your bets with the rest.
hero member
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Bitcoin is the house and the house is on the corner of two avenues, two blocks away is where you can find a dogshit alley. Most dog owners stroll their dogs there to shit, these dog owners are irresponsible they don't even pick up the shits of their dogs. That's where you can find altcoins like LTC, EOS, SHIB and NFTs. Don't take it seriously bro they do have value, they are just not mainstream.
sr. member
Activity: 2310
Merit: 366
Bitcoin is more like the main foundation. The cryptocurrency market is strong now but given that it has Bitcoin as its main foundation, the moment Bitcoin crashes is also the moment the whole cryptocurrency market crashes. Other coins are simply riding with Bitcoin's popularity. The cryptocurrency market has Bitcoin acceptance as its main fuel.

Other coins don't play big roles in the market. They are shitcoins that are dependent on hype.
newbie
Activity: 5
Merit: 0
Let me make an analogy. Bitcoin is the house of the cryptocurrency market and Ethereum is a car. What do you think of other currencies? LTC? EOS? SHIB? NFT? etc.
It seems that they cannot be compared together. nft does not refer to a token
member
Activity: 99
Merit: 10
Let me make an analogy. Bitcoin is the house of the cryptocurrency market and Ethereum is a car. What do you think of other currencies? LTC? EOS? SHIB? NFT? etc.
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