Bitcoin The King Of Crypto - page 10.

Wexnident

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Quote from: SuperTA on August 13, 2019, 01:35:44 PM

This chart is showing you the top 200 coins performance against bitcoin. It's clearly who is outperforming here. Bitcoin is the king of crypto. Alts got rekt specially when bitcoin made a move like Jagger on the 1st April. But that wasn't april's fools day! Or was it?

source
https://twitter.com/woonomic/status/1161320822344179720

As the forefather of all coins, it's expected as such foenit to be the king of crypto. As one of the coins whom was managed since the start of crypto, it naturally shows a larger margin of improvement compared to other coins. Despite the amount of coins trying to compete with bitcoin, nothing comes close to beating it out of its throne

virasisog

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Bitcoin is still strong despite the dramatic volatility. According to Anthony Pompliano. I do agree It is Bitcoin it is what it is.
Volatility is not its weakness but instead its one of the attractive characteristic of Bitcoin for me.
Bitcoin will always be number 1 of all crypto for it is the root and where everything about crypto started.

https://cryptonews.watch/bitcoins-fundamentals-remain-strong-despite-recent-show-of-volatility-claims-anthony-pompliano/?doing_wp_cron=1570006228.6069800853729248046875

Lalafell

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Bitcoin is the King of Cryptocurrency, Why?First, it has lower Fraud Risks for Buyers. Bitcoins make it possible for buyers to complete their payments without divulging any sensitive financial information (like credit or debit card details) to the seller. Bitcoins make it possible for buyers to complete their payments without divulging any sensitive financial information (like credit or debit card details) to the seller. Reduced Transaction FeesTransaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases.There’s no involvement of a third party. No one can freeze, tax, or claim your coins. They cannot be stolen and cannot be seized by the government in no possible circumstances.

ttcsalam

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It's nothing new to say. Bitcoin, the king of the world of crypto . All Altar coins were created from here. Bitcoin is leading the way in this world. Even though Ethereum is known as 2 coins. Most traders now trade with Bitcoin.

mirakal

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Quote from: muhhentuhhen on August 21, 2019, 04:14:46 PM

Quote from: ?? on ??

Yeah, bitcoin is the superstar of the crypto market, the price of bitcoin will rise high as per crypto experts prediction.

According to experts, in 2019, Bitcoin counted 5 million active users, and by 2030, BTC is predicted to take the 6th leading position in the world's reserve currency. Bitcoin will always stay the king of the cryptocurrencies, and nothing will be changed.
It does not mean anything that some altcoins are faster. They can appear and vanish, and they are always affected by BTC changes.

For many years, BTC has proven as the king in crypto as there was never a time that it drop from its current ranking now.
In fact, BTC does not posses the best system as a payment system but look where it's sitting now, it's still in the number 1 and not just as number 1 but has dominated the combined altcoins in the market.

That's the real definition of a king, altcoins may have some time where they are hype but we know it can easily be affected when BTC will start having a significant movement.

muhhentuhhen

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Quote from: ?? on ??

Yeah, bitcoin is the superstar of the crypto market, the price of bitcoin will rise high as per crypto experts prediction.

According to experts, in 2019, Bitcoin counted 5 million active users, and by 2030, BTC is predicted to take the 6th leading position in the world's reserve currency. Bitcoin will always stay the king of the cryptocurrencies, and nothing will be changed.
It does not mean anything that some altcoins are faster. They can appear and vanish, and they are always affected by BTC changes.

Oceat

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Quote from: hahay on August 20, 2019, 01:44:32 PM

Quote from: kawetsriyanto on August 19, 2019, 07:46:54 PM

Quote from: Hamxa1994 on August 16, 2019, 04:53:06 AM

If bitcoin collapses, the whole crypto system will collapse

So far, it applies to the correlation between Bitcoin and Altcoin prices. I don't know if Bitcoin disappears, then Altcoins will disappear as well. We know that altcoins are backed up by some big companies, as long as the community trust to the coins, I think they can survive even if no support from Bitcoin. At least, I see a chance for them to survive. So, it is too early saying "crypto system will collapse if Bitcoin collapses". Wink

That is indeed an assumption for many people even I also think like that for now, but when we see the many altcoins that have their own advantages with the support of relevant parties, then at least such an assumption will get a pattern that is broken later which is possible even though bitcoin collapsed, maybe altcoin could survive because of the high enthusiasm about crypto also growing and increasing.

How would you guys think that Bitcoin might collapse?

I can't think any possible way but okay, let's just say that Bitcoin would collapse one day due to the dying supports of crypto enthusiast. Do you guys think that altcoins wouldn't collapse too if Bitcoin would collapse one day? I still can't think any possible reason right now but within its 10 years of existence, it never fails to amaze me everytime the market starts to grow.

hahay

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Quote from: kawetsriyanto on August 19, 2019, 07:46:54 PM

Quote from: Hamxa1994 on August 16, 2019, 04:53:06 AM

If bitcoin collapses, the whole crypto system will collapse

So far, it applies to the correlation between Bitcoin and Altcoin prices. I don't know if Bitcoin disappears, then Altcoins will disappear as well. We know that altcoins are backed up by some big companies, as long as the community trust to the coins, I think they can survive even if no support from Bitcoin. At least, I see a chance for them to survive. So, it is too early saying "crypto system will collapse if Bitcoin collapses". Wink

That is indeed an assumption for many people even I also think like that for now, but when we see the many altcoins that have their own advantages with the support of relevant parties, then at least such an assumption will get a pattern that is broken later which is possible even though bitcoin collapsed, maybe altcoin could survive because of the high enthusiasm about crypto also growing and increasing.

Vishnu.Reang

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Everyday new coins are being listed, and despite that the Bitcoin dominance is rising continuously. UNUS SED LEO was listed just a few months back and now it is the 12th largest cryptocurrency in terms of market cap. Competitors may come and go, but Bitcoin stays there forever. Those who had put their faith in Bitcoin are now smiling, and those greedy users who wanted 1,000x returns in two months are crying. Grin

almightyruler

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Quote from: ?? on ??

The graph once again shows that no coin is able to withstand Bitcoin in the long run. For me, there is only one reason - Bitcoin has the highest trust among the crypto community and therefore it is top 1

I disagree. The graph simply shows that coin value (any coin) is volatile. That dotted line does NOT mean that Bitcoin is breaking out when compared to all coins. The graph is misleading.

Seems to be a lot of confirmation bias in this thread:

https://en.wikipedia.org/wiki/Confirmation_bias

https://hackernoon.com/investing-and-the-danger-of-confirmation-bias-8c39fced31bf

SquallLeonhart

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Quote from: shushu9977 on August 19, 2019, 12:07:36 AM

If 200+ coins are transcend bitcoin, I will always support bitcoin, the king of crypto-currencies all time. From the beginning, bitcoin is always holding it’s top position (though btc has faced worst or best time). Here 200 coins are performed Very well and holding a good position, that is very positive and great news, happy for that, but I still believe on Bitcoin.

The gap between bitcoin and those 200 coins you mentioned is not even near for them to really have a system better than bitcoin, all those promises of doing something better tan bitcoin is just a way for them to attract users and investors to their market, but it is not about attraction, it is about sustenance, that is why many of them are not able to sustain their user because they go there and find out that those coin are not really given according to what was initially promised to them.

Bitcoin still remain the only coin that has fulfilled everything that as promised to us, it is now left for us to embrace it and use it to the fullest, bitcoin remains the only coin that even government would like to have a thing to do with at any time.

Menawi12

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Quote from: kawetsriyanto on August 19, 2019, 07:46:54 PM

Quote from: Hamxa1994 on August 16, 2019, 04:53:06 AM

If bitcoin collapses, the whole crypto system will collapse

So far, it applies to the correlation between Bitcoin and Altcoin prices. I don't know if Bitcoin disappears, then Altcoins will disappear as well. We know that altcoins are backed up by some big companies, as long as the community trust to the coins, I think they can survive even if no support from Bitcoin. At least, I see a chance for them to survive. So, it is too early saying "crypto system will collapse if Bitcoin collapses". Wink

If bitcoin disappears, in my opinion maybe the cryptocurrency market will collapse. There may be an altcoin that survived but surely the price fell very deep because investor confidence collapsed. Bitcoin is one of the factors why the cryptocurrency market exists and why projects are created based on the blockchain principle.

kawetsriyanto

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Quote from: Hamxa1994 on August 16, 2019, 04:53:06 AM

If bitcoin collapses, the whole crypto system will collapse

So far, it applies to the correlation between Bitcoin and Altcoin prices. I don't know if Bitcoin disappears, then Altcoins will disappear as well. We know that altcoins are backed up by some big companies, as long as the community trust to the coins, I think they can survive even if no support from Bitcoin. At least, I see a chance for them to survive. So, it is too early saying "crypto system will collapse if Bitcoin collapses". Wink

BitHodler

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Quote from: Reid on August 18, 2019, 08:28:31 AM

Though they say it has not much usage but its popularity is still rising. Being the first have its good effects.

It has plenty of speculative use, but very little as currency, which isn't really that surprising with how it's not a good currency because of its lack of scalability and volatility, but also because people don't want to spend it.

If you want people to use something as money, it shouldn't be scarce and it should be something that you get a stable amount of each and every month, which fiat perfectly does, but crypto in general totally not. Crypto isn't even close.

I'm incentivized to spend fiat because I know it loses value. By spending I'm voting with my fiat against fiat because I value the goods that I buy with it over the asset itself. With Bitcoin I'm voting too, but by not spending it.

Finestream

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As a crypto coin that has a running product, the Bitcoin network.

Definitely that's the only product of BTC which is very unique compared to most coins, it does not have to improve or anything because people have already accepted that Bitcoin will be the same system from the start til the end.

At this time, there's a lot of good coins already that has a better system compared to BTC, but look at where they are now, they can't even compete with BTC, and in fact, BTC dominance has increase a lot this year.

shushu9977

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If 200+ coins are transcend bitcoin, I will always support bitcoin, the king of crypto-currencies all time. From the beginning, bitcoin is always holding it’s top position (though btc has faced worst or best time). Here 200 coins are performed Very well and holding a good position, that is very positive and great news, happy for that, but I still believe on Bitcoin.

Reatim

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Nice chart mate you have bought how Bitcoin really dominating the market even when the dump is happening .no wonder why I believe that Bitcoin is the king of all cryptocurrency

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i value bitcoin alot and as a matter of fact, i am moving all my fiat currency to bitcoin, the chat is an evidence of the future of bitcoin, anything can happen to the crypto world either good or bad, the good integrity of bitcoin remains

Yeah I believe that crypto is the best investment material but I disagree on putting all your fiat into single investments.i advice to you diversified not because of something bad for bitcoin but this is a assurance of keeping safe if ever thing don’t come your way

SquallLeonhart

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from this chart, I conclude, do not ever invest in altcoin for the long term because altcoin the longer it is held, the more its value will be lost, in contrast to the bitcoin that keeps its balance.

Naturally, altcoins are just alternative to bitcoin, and since they are alternatives, they are meant to really be used temporarily, they cannot really serve as store of value, so there is no point to just continue to hold them, with altcoins, juts buy, and sell anytime you see profit because they are the most unreliable coins I have ever seen.

Altcoins are reason why a lot of people have lost their fund to the cryptocurrency market nit bitcoin, bitcoin challenge is only with hacking, hackers could hack someone’s bitcoin and that is the problem with the owner of the wallet for not protecting the wallet very well. If we are to consider any coin to hold for a long term investment at any time, it should be bitcoin, and maybe Ethereum being the king of alts.

almightyruler

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The dotted line is the Bitcoin price, but I'm fairly sure it's listed solely to reference time (ie showing a particular change in BTC value causes some trend for the rest of the chart members). It doesn't mean, as the OP has implied, that other coins were faltering around the middle whilst Bitcoin went up and away past everyone else. If Bitcoin is part of the index, it would have ended up in the middle (at 1.00) just like the other coins. The dotted line is a complementary overlay, not a part of the 200 coin index. The chart is interesting, but IMHO misleading.

Reid

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First time I saw a chart like this.
At first glance I thought it was a whack.
Then suddenly, while looking deeper I saw it.
Yes it had a great look. Bitcoin though cannot be just dumped in a bit of time. It just show how much trust it is getting from the people. Altcoin had been sold for bitcoin, that is what likely happened from the recent pump.
Though they say it has not much usage but its popularity is still rising. Being the first have its good effects.

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