Actually it's not Bitcoin that determines the market, but the investors... Bitcoin is just a "tool". It's very normal investors are using Bitcoin as the main currency among all others, as it's the most reputable, trusted and old one. And good that they are doing this, giving more strength to a currency we can trust. Everywhere it works this way, think about any brand niches and you will see the same situation.
If artificial methods are used to stop Bitcoin from determining the market, investors aren't determining the market anymore...
Topic: Bitcoin should NOT determine the market - page 9. (Read 2990 times)
Bitcoin is the first cryptocurrency and most successful one. It has the largest capitalization and has gained the trust of several investors. Hence, it serves as a pair with which other coins on the market are exchanged against. Aside the USD, i don't know any other coin which can work perfectly fine in pairing as Bitcoin.
Well sometimes i wish this does not happen because there are so many valuable coins or tokens ou there that has real time use of its token or platform which are better than btc
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??
maybe btc is very influential on all and makes prices go up and down and is unstable better the btc value is strengthened and maintained to keep the value against other coins.Just some thoughts, what do yall think??
Definitely, the most highest amount of adoption Is bitcoin if you just compare to all altcoins, so when people buying crypto, they will think first bitcoin then obviously they buy It first compared the rest.
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??
maybe btc is very influential on all and makes prices go up and down and is unstable better the btc value is strengthened and maintained to keep the value against other coins. Just some thoughts, what do yall think??
Of course you don't. But while it keeps the status of Ancestor is inevitable. Large players successfully manipulate this fact for the prices in the market.
No, OP dont understand the importance of btc, bitcoin is the base of whole crypto world. If there is no btc , tokens and alts value nothing
The value of the AML Bitcoin is not determined by any government. Therefore, if any economic or financial instability occurs, AML Bitcoin users are not affected.
This is the definite truth, BTC should not determine the market's status, it's like BTC is the one who revolves around the market ignoring these other currencies, though some people have their points very strong on this one, though we are arguing about BTC should not be determined whether the market will fall or not, however BTC was the first currency, and Bitcoin is actually the biggest cryptocurrency as of now, so I think this is the reason why a lot of people are relying on BTC whether the market will fall or not.
That's how the crypto market goes the btc price controls all the other altcoins in the market. That's why it's easy to predict when altcoins are going down you just have to look at bitcoin price if it's in an uptrend or downtrend. And this is why altcoins would never surpass bitcoin as long it's depending on btc price.
we all hope that the cryptocurrencies world is growing, not only bitcoin that always be the lead and grow if this happens, again and again, I think all cryptocurrencies price will depend on the bitcoin price and it will not good for me
to see technology critically, because if it's not perfect, the market will react to it. it's like a thermometer, so I'm not against the fact that prices are determined by the market
can not avoid seeing that the market is being influenced by the trend of bitcoin or bitcoin itself because bitcoin is the first cryptocurrency compared to the others and it is the top or king of all crypto currencies and it is the base currency of all cryptocurencies so we cannot avoid the possibility of being affected by bitcoin.
The scenario of events when Bitcoin stops determining the market is possible, but not in the short term.
Yes you are right that bitcoin should not determine market unless a currency is strong enough to beat Bitcoin and the currencies are independent. Which currency accounts for the largest proportion of capital that currency determines the market.
What would be that sort of better system?
Fiat system is being run and created by the government while bitcoin does have it's made limit to 21 million coins only. Try to think about speculations and other things that affects its market.
I think that after a while the crypto-currency market will put everything in its place. Now the situation is really not normal. In fact, we do not have a free crypto-currency market. I think that in five to ten years he will appear. And this will happen in the most natural way. There will still be shocks, but it will all end for the crypto currency, good. Fiat system is being run and created by the government while bitcoin does have it's made limit to 21 million coins only. Try to think about speculations and other things that affects its market.
The thing is, people first buy bitcoin to then buy other altcoins, never different. There should be much more trading pairs with different altcoins and BTC will lose it's dominance overtime.
perhaps he should not do this, but unfortunately this happens and will continue for a long time
This issue us an issue that needs a very close observation. The crypto market should be an open one. Bitcoin shouldn't determine the price of other cryptocurrencies, all should operate on their own..
I don't think that btc will determine the market always. To my mind, it is better to follow the long-term hold strategy and you will see that btc will increase the price but as for the possibility to become the main currency is under question
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