Bitcoin should NOT determine the market - page 8.

Ava Duvall

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Quote from: CoinsGazer on September 11, 2018, 10:29:07 PM

I’m 100% agree with you!
Bitcoin is the king of the cryptocurrency market, Its every move will affect the fluctuation of the entire market, just like a Like an autocratic monarch with dictatorial power. This means that once Bitcoin collapses, the entire cryptocurrency market will be game over. So, It is necessary to decentralize the influence of Bitcoin on the market.

its easy to say but is it easy to do? i think it would be very hard to change how bitcoin stands in today's world

Ozero

full member

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Yes, I agree that the current situation for the crypto currency market, when bitcoin completely dominates the price over the other types of crypto currency, is very abnormal. After bitcoin, through its problems, has fallen in price and keeps the entire crypto-currency market stagnant for a year, it can not continue for so long. The market itself must find a way out of this situation. Apparently, everything goes to the fact that soon bitcoin will lose its most part of market capitalization and then the market will be able to develop normally.

#dhabitamartha

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Quote from: adamantasaurus on June 03, 2018, 09:06:11 PM

I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.

Just some thoughts, what do yall think??

btc is very influential in the market and we don't know when btc will recover and will give more turmoil and will have a big influence on cryptocurrency interest for large investments but the reality is that large investments lose money and this makes public trust less. to push the cryptocurrency market again.

CoinsGazer

jr. member

Activity: 104

Merit: 1

I’m 100% agree with you!
Bitcoin is the king of the cryptocurrency market, Its every move will affect the fluctuation of the entire market, just like a Like an autocratic monarch with dictatorial power. This means that once Bitcoin collapses, the entire cryptocurrency market will be game over. So, It is necessary to decentralize the influence of Bitcoin on the market.

bce

sr. member

Activity: 756

Merit: 250

Quote from: adamantasaurus on June 03, 2018, 09:06:11 PM

I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.

Just some thoughts, what do yall think??

for now, bitcoin has not been able to determine the market because we know bitcoin and crypto currencies have not been fully inaugurated and recognized by all countries in the world so that to penetrate the market still requires a long process and of course

ntodntodan69

newbie

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For now, bitcoin is one of the fattors that determines the market, if bitcoin goes down then all markets will go down, but if bitcoin goes up, the market will go up, maybe in my opinion!

AlexAtom

member

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YOUC - www.youengine.io

Quote from: adamantasaurus on June 03, 2018, 09:06:11 PM

I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.

Just some thoughts, what do yall think??

It was never a good thing if the entire cryptocurrency price only depends on the btc price.
The other altcoins need to become independent from bitcoin because it has a different purpose and features.

Pemburu dollar

jr. member

Activity: 154

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Quote from: fank dirt on August 08, 2018, 05:09:29 AM

bitcoin is in the blockchain system and will not controlled by humman. It is the first cryptocurrency. So it could be the foundation for other one

I think Just because bitcoin has the highest adoption rate compared to all other coins / tokens combined. Will this change in the future? Maybe. Probably not. Maybe if we get a good and safe stablecoin.
This will continue to happen unless bitcoin loses dominance. When people buy crypto, what do they usually buy first? Bitcoin.

112_blockchain

jr. member

Activity: 65

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I absolutely agree with this statement, because on the cry of the market there should be healthy competition and there should not be a monopoly of any cryptocurrency.

buy_crypt_sell

newbie

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Of course not. This is not economically feasible. Must be a reserve of cryptocurrency. These are the laws of the market and they have not been canceled.

anderson705

full member

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Quote from: PrissMCclen on September 07, 2018, 04:20:05 AM

Brilliant point, it keeps running through my mind, bitcoin shouldn't determine the future of the whole market

Should not be, but as of now, bitcoin has great influence among altcoins. When bitcoin dump. majority of altoins knelt down. We have diversify the reach in cryptocurrncy and we should not limit to bitcoin as possible but we are still far from it. Maybe we need one decade or more to reach that situation.

PrissMCclen

jr. member

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The Decentralized TCP/IP Internet Protocol

Brilliant point, it keeps running through my mind, bitcoin shouldn't determine the future of the whole market

Christine Bettencourt

newbie

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In my opinion, this idea is entirely properly. Bitcoin is only a type of cryptocurrency. And, it did not make sure that it can exist for a long time later. Besides, the price of bitcoin is making the crypto market chaotic motion up and down expressly. It is not safe for some investors who don't have lots of capital. IN short, I think BItcoin needs more time to declare its position.

jannatakter

newbie

Activity: 108

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Bitcoin is not determine the market.people are affecting the market.no body to miss the bitcoin.

Wittycoin

full member

Activity: 696

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Bitcoin is not the one which determines the market, people are the ones who are affecting the market. The thing is, the demand for bitcoin is high and most crypto users are investing on bitcoin. No body wants to miss the rocket of bitcoin.

Frankinshtein12_43

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Fmradio98

newbie

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Just bitcoin costs can not decide the market since despite everything we have altcoin. what's more, if bitcoin alone can tick the market value that implies bitcoin is brought together by individual or gathering of individuals.

Omega Weapon

hero member

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Quote from: adamantasaurus on June 03, 2018, 09:06:11 PM

I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.

Just some thoughts, what do yall think??

You don't get to choose, it's not your call, this is the way this market works because almost all the other coins not named bitcoin are nothing but copies of the original, if those coins were all original then will have a market in which all the coins move independently from each other but since that is not the case then all the coins move according to the movements of bitcoin.

kiansantan

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Bitcoin should not determine the price of other cryptocurrency, all must operate alone, so that other crypto can be independent and market development is not only in the bitcoin monopoly.

BLAST2MARS

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Quote from: adamantasaurus on June 03, 2018, 09:06:11 PM

I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.

Just some thoughts, what do yall think??

I also want what you wanted. The market has no balance because all the power and influence are focused on bitcoin and that's bad on any market. There should be a competition like another 3-4 altcoins that has the same level with bitcoin. Maybe in the future, we could see ETh and Ripple doing that so we'll not worry about this anymore.

Topic: Bitcoin should NOT determine the market - page 8. (Read 2990 times)