Bitcoin value more if no Altcoins or not - page 3.

jaberwock

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Quote from: Ziskinberg on March 11, 2022, 06:44:05 PM

Quote from: _act_ on March 10, 2022, 04:19:40 PM

Is it true that bitcoin is not affected by the altcoins? I am thinking it would have been better if only bitciin is existing as it will have more value, though bitcoin can not be compared to altcoins in many ways as it is the first and the giant.

The only thing that these altcoins influence Bitcoin is how they ruin the image of crypto in general. If only possible that only Bitcoin exists, it gives no option for the user and it feels like we are similarly just using fiat. But having altcoins (potential altcoins) gives more interest and attraction to the public. Although Bitcoin made a huge influence but can't deny that the existence of altcoins gives more popularity.

Altcoins is only just a term but the one that ruins the image of crypto are the people that create scam altcoins. There are also scam sites or scammers that use the name bitcoin and this also damages the name of bitcoin when someone falls for those scams and loses because they will then blame or think that bitcoin is not legit and they can spread this wrong information to their friends.

I remember when bitcoin pumped in 2017, lots of people then join bitcoin because this is also the time when bitcoin got trending, so if there were no altcoins, the price of bitcoin can rise more. Bitcoin can still be successful on its own without the help of altcoins.

batang_bitcoin

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Either way, we'll find some truth in that point of view. I see both its independence and its connection to the rest. It is clear that crypto is much more than just BTC. Well, it will probably be good value, but with it also doing well, the rest of the altcoins are dealing with it. The market has grown to this day based on many factors, even though it is the dominant one, but only on what it has been able to maintain until now, I believe it is not possible to see the popularity as it is now. It is possible that people will still only look at BTC for nefarious activities.

For now it is because the market's total capitalization is divided not just for bitcoin but also in the altcoins. And that's what's settling in with the current situation that we have with the market. I disagree about it's only going to be bitcoin that will be used with those illegal activities although it is the most desired because of its value and worth. But, scammers and people that are involved in those type of trades are going to take anything that they can as long as it has monetary value.

keonhacaiwiki

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I am also interested in altcoins, so I am mining a few, but I am worried that they will disappear later.

Just as a lot of altcoins are created under the influence of bitcoin, I don't think bitcoin has a proper place, such as making altcoins and making them disappear.

This is my website that is currently introducing a payment system with Bitcoin and altcoins.

Homepage : https://keonhacai.wiki/

noormcs5

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Quote from: KaliLinux on March 12, 2022, 02:20:59 AM

Quote from: stompix on March 10, 2022, 10:56:12 PM

Quote from: kawetsriyanto on March 10, 2022, 06:26:48 PM

How do you know if Bitcoin to have a bigger value once there are no altcoins?
Instead, I even think Bitcoin may have no value if there are no altcoins. Why? Bitcoin needs support to have value and it needs a comparison (another coin) to say it's bigger.

Name me right now the price of BTC in ETH DOGE or ADA without looking at CMC or without doing some math taking into account prices in USD.
Nobody cares about comparisons, nearly all the shitcoins about there are just money milking machines from so-called investors who think they have missed the BTC train and are hoping they put money in some 1000% per day return scheme.

What would be the sales volume of Mcdonald's if it would be the only fast-food chain?
How many Iponhes would Apple sell if it were the only company building phones?
What would be the market capitalization of Tesla if people would only be allowed to buy Tesla shares and nothing else?

Quote from: romero121 on March 10, 2022, 05:02:09 PM

If there were only bitcoin surely the growth could've been very low than the present.

lol

Quote from: Eternad on March 10, 2022, 10:55:48 PM

For example the Ethereum upgrade Bitcoin Blockchain by implementing smart contract which lead to multiple possibilities for innovation for the whole crypto market.

lol again

Well, maybe without Altcoins Bitcoin would have been stronger in the sense of investment, maybe all the Ltcoins investments would have been put into Bitcoin, or maybe not. We cannot disqualify all Altcoins because we believe they are not worth investing in and that they are all shitcoins. This is still the Issue when within the ecosystem, investors see Alts as shit outside Bitcoin. I don't think any crypto enthusiast will contest Bitcoins position but there are also good Alts that have contributed to the ecosystem and maybe they should go side by side.

Well, with no altcoins and all market cap going to bitcoin, would make bitcoin a little more valuable but again it won't have much effect. The reason is that even with all the altcoins, the bitcoin dominance is far more than all the alts combine together.
Also people would be much interested in bitcoin only as many people like to invest in low satoshi coins and want to gain much more profits, which bitcoin can never give.

KaliLinux

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Quote from: stompix on March 10, 2022, 10:56:12 PM

Quote from: kawetsriyanto on March 10, 2022, 06:26:48 PM

How do you know if Bitcoin to have a bigger value once there are no altcoins?
Instead, I even think Bitcoin may have no value if there are no altcoins. Why? Bitcoin needs support to have value and it needs a comparison (another coin) to say it's bigger.

Name me right now the price of BTC in ETH DOGE or ADA without looking at CMC or without doing some math taking into account prices in USD.
Nobody cares about comparisons, nearly all the shitcoins about there are just money milking machines from so-called investors who think they have missed the BTC train and are hoping they put money in some 1000% per day return scheme.

What would be the sales volume of Mcdonald's if it would be the only fast-food chain?
How many Iponhes would Apple sell if it were the only company building phones?
What would be the market capitalization of Tesla if people would only be allowed to buy Tesla shares and nothing else?

Quote from: romero121 on March 10, 2022, 05:02:09 PM

If there were only bitcoin surely the growth could've been very low than the present.

lol

Quote from: Eternad on March 10, 2022, 10:55:48 PM

For example the Ethereum upgrade Bitcoin Blockchain by implementing smart contract which lead to multiple possibilities for innovation for the whole crypto market.

lol again

Well, maybe without Altcoins Bitcoin would have been stronger in the sense of investment, maybe all the Altcoins investments would have been put into Bitcoin, or maybe not. We cannot disqualify all Altcoins because we believe they are not worth investing in and that they are all shitcoins. This is still the Issue when within the ecosystem, investors see Alts as shit outside Bitcoin. I don't think any crypto enthusiast will contest Bitcoins position but there are also good Alts that have contributed to the ecosystem and maybe they should go side by side.

Furious 7

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Bitcoins if they are compared here they are the core and alt here cannot live when there are no bitcoins there.
Indeed, the Alt market indirectly depends on how the project they run is actually, but on the other hand the Alt market actually really needs Bitcoin because Bitcoin can indeed affect their market.
When Bitcoin went down, many alts were constrained and even experienced a significant decline that made Bitcoin one of the most influential consciously or not.

ropyu1978

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With the emergence of altcoins and other coins, it can make its own competitiveness for investors, in my personal opinion the value of bitcoin is not affected by the presence of altcoins and other coins, because only the market can affect the price of bitcoin, and rich people tweet negative things about bitcoin, and there are also the problem of war, maybe the presence of other coins can motivate bitcoin to make the latest breakthroughs, and create new ideas, because in essence competition is needed in any business..

Darker45

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There is no denying that an amount that is planned to be invested in crypto might not be fully converted into Bitcoin because there are also ETH, XRP, LTC, ADA, SOL, and thousands of other coins and tokens. And since I don't believe that those who invested in altcoins would rather keep their fiat had there only been Bitcoin in the crypto market, I think Bitcoin's price is way higher than it is now if there were no altcoins. In other words, altcoins are obviously competing against Bitcoin in the overall crypto market cap.

uneng

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Quote from: _act_ on March 10, 2022, 04:19:40 PM

Is it true that bitcoin is not affected by the altcoins? I am thinking it would have been better if only bitciin is existing as it will have more value, though bitcoin can not be compared to altcoins in many ways as it is the first and the giant.

I can't say bitcoin isn't affected by altcoins, because it's probable bitcoin would be more valuable if less altcoins were disponible on the market, as people would focus their investment mostly in bitcoin that way. As we can see along the years, bitcoin's marketcap is decreasing when compared to altcoins, so it's a potential signal the king of crypto universe is really affected by altcoins, consequently losing part of its influence.
On the other hand, I'm 100% sure altcoins are much more affected by bitcoin than the opposite. Bitcoin rules the market, so you caould expect altcoins to be priceless if bitcoin didn't exist or if it was much weak, in the same proportion when bitcoin skyrockets, altcoins skyrocket as well. But it's important to notice altcoins' pumps are just consequences of bitcoin price's fluctuations, which are the real cause.

qwertyup23

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Quote from: hyudien on March 10, 2022, 04:25:35 PM

Talking about the value of Bitcoin, it certainly cannot be compared to any altcoin currently available. In fact, the strength of Bitcoin's value is built on the self-awareness of its holders who have placed great faith in Bitcoin even without the need for thousands of altcoins. If it is said to be an asset that has unique characteristics that can save from inflation, it also depends on how deep the inflation is. After all, fiat can't match what Bitcoin has been doing for the nearly 13 years since its inception.

Like what I also previously mentioned, the value of BTC is derived from the law of supply and demand itself. Since people perceive it as something that is valuable, more people purchase it also as a means of transacting stuff with the added nature of anonymity. The creation of altcoins stemmed from the very fact that BTC is the first of all- which everything derives existence thereof.

That is also one of the reasons on why if the value of BTC increases/decreases, some altcoins follow such trend also.

Ziskinberg

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Quote from: _act_ on March 10, 2022, 04:19:40 PM

Is it true that bitcoin is not affected by the altcoins? I am thinking it would have been better if only bitciin is existing as it will have more value, though bitcoin can not be compared to altcoins in many ways as it is the first and the giant.

The only thing that these altcoins influence Bitcoin is how they ruin the image of crypto in general. If only possible that only Bitcoin exists, it gives no option for the user and it feels like we are similarly just using fiat. But having altcoins (potential altcoins) gives more interest and attraction to the public. Although Bitcoin made a huge influence but can't deny that the existence of altcoins gives more popularity.

nurilham

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I think there are altcoins or not, Bitcoin is still valuable. which makes it valuable because Bitcoin is strong where it became a crypto pioneer and also its price continues to soar compared to when it first appeared. the number of new coins that appear will not affect the value of Bitcoin itself because what is called an alternative coin means an alternative to Bitcoin itself so that we have many choices. but it will not affect the value of Bitcoin because I think Bitcoin is still a coin that many people are looking for in the midst of the many new coins that appear in the market.

Rengga Jati

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Quote from: _act_ on March 10, 2022, 04:19:40 PM

Is it true that bitcoin is not affected by the altcoins?

So far, I don't think that Bitcoin is affected by altcoins, on the contrary, altcoins are always affcected by Bitcoin, moroevr in terms of a price decrease and increase. That is why we should not worry about the value of Bitcoin and the existence of altcoins themselves.

Quote from: goldkingcoiner on March 11, 2022, 01:22:58 PM

If you were to delete every altcoin in the world, then Bitcoin would still have value. If you were to delete Bitcoin from the world, most altcoins would drop by 99% of their value, if not all.

Simply, without Bitcoin, altcoins are nothing. if Bitcoin dies, altcoins will die at first before Bitcoin Cheesy

wxa7115

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Quote from: _act_ on March 10, 2022, 04:19:40 PM

I have just created a topic in Economics, but it is more about how bitcoin can be a bulwark against inflation and the inflation in EU. We all know how people that hold bitcoin for long time have made profit from their bitcoin holding, we all know that as the fact and truth. But how about this quote:

Quote from: https://cointelegraph.com/news/inflation-spikes-in-europe-what-do-bitcoiners-politicians-and-financial-experts-think

“Contrary to fiat currencies other widely available investment assets and even gold, Bitcoin’s value cannot be negatively impacted by the issuance of new coins. This constitutes a solid base and makes Bitcoin an interesting asset in a context of higher inflation.”

Is it true that bitcoin is not affected by the altcoins? I am thinking it would have been better if only bitciin is existing as it will have more value, though bitcoin can not be compared to altcoins in many ways as it is the first and the giant.

I do not think there is much of a point to think about something like this, altcoins will always exist because bitcoin is an open source project, just take a look at other projects that are like that and you will see a bunch of different developers taking different directions from the original project and developing something worthwhile on their own.

The only way in which this could not have happened was if bitcoin was closed source, and if that was the case then it would have never achieved the level of popularity that it has now.

Odusko

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Quote from: _act_ on March 11, 2022, 02:38:13 AM

This is what exactly I am pointing to, if only bitcoin is existing, we should see more people buying it and the price would have been more than this, but having only bitcoin is not possible as it is even against nature, gold and many other natural assets have competitors, stocks and many others, even the food we are eating have competitors, everything in life has competitors.

That is Bitcoin must co-exist with other altcoins, one not because there are competitors but serving as an alternative to Bitcoin just like Bitcoin is serving as an alternative to paper currency such as US dollars, but again having only Bitcoin as the only cryptocurrency may increase Bitcoin demands and value but what about the scalability issues surrounding Bitcoin, the blockchain is a wide range of innovation that can be computed to function as general machinery to aid digital development.
So Bitcoin as the first and primary cryptocurrency controls the direction the market goes.

goldkingcoiner

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Whether Bitcoin is affected or not affected by altcoins is a bit tought to answer. Any altcoin which can be traded for Bitcoin as a paired listing and therefore is coupled with Bitcoin will have an effect on the price of Bitcoin. If you were to look at all coupled altcoins it could be argued that Bitcoin's value is raised. Raised by Defi, raised by NFTs, raised by people buying tokens then deciding to trade them in for Bitcoin... But that goes both ways. So Bitcoin can also be dragged down by altcoins.

If you were to delete every altcoin in the world, then Bitcoin would still have value. If you were to delete Bitcoin from the world, most altcoins would drop by 99% of their value, if not all.

ReiMomo

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Quote from: ?? on ??

Quote from: _act_ on March 10, 2022, 04:19:40 PM

I have just created a topic in Economics, but it is more about how bitcoin can be a bulwark against inflation and the inflation in EU. We all know how people that hold bitcoin for long time have made profit from their bitcoin holding, we all know that as the fact and truth. But how about this quote:

Quote from: https://cointelegraph.com/news/inflation-spikes-in-europe-what-do-bitcoiners-politicians-and-financial-experts-think

“Contrary to fiat currencies other widely available investment assets and even gold, Bitcoin’s value cannot be negatively impacted by the issuance of new coins. This constitutes a solid base and makes Bitcoin an interesting asset in a context of higher inflation.”

Is it true that bitcoin is not affected by the altcoins? I am thinking it would have been better if only bitciin is existing as it will have more value, though bitcoin can not be compared to altcoins in many ways as it is the first and the giant.

Bitcoin prices will be more expensive because of the influence of altcoins. Some Altcoins require Bitcoin as a means of payment, this is proof that Altcoins have no effect on the destruction of Bitcoin prices and even Altcoins that help increase Bitcoin prices.
If only Bitcoin exists in cryptocurrencies, then there will not be many Bitcoin buying and selling transactions. In conclusion, Altcoins have no effect on Bitcoin, but Bitcoin can affect the price of Altcoins, for example, if Bitcoin goes down, some Altcoins will also go down and vice versa.

Yes as said, bitcoin price will be more than what it is now. Yes as the demand increases, the value as well increases. But I would say, its altcoins who can create more vibrant to Bitcoin. Yes people who are new would know what is crypto through only Bitcoin but when they get into crypto, its even altcoins along with Bitcoin who still supports the current crypto market

hyudien

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Quote from: worle1bm on March 11, 2022, 01:38:18 AM

In the starting only bitcoin was the crypto out there with complete decentralisation and still it gained it's value due to demand in the market although less but still it survived the market.It does not need any altcoins but rather they need btc.The value could be significantly very high if there were no coins but that's not possible because whenever they see opportunity to create something new and gain profits out of it there will be many out there to jump in the market.

Of course, if there were no altcoins, then the value of bitcoin could be more than the current price. Just imagine the altcoin trading volume is all added to the Bitcoin trading volume then the value definitely doesn't spike. However, it is impossible for bitcoin to be the only one, there will be alternatives to create a crowd of cryptocurrency markets and create altcoins. The difference is that altcoins stand on a network-to-network basis while bitcoin is only one and single.

_act_

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Quote from: stompix on March 10, 2022, 10:56:12 PM

Nobody cares about comparisons, nearly all the shitcoins about there are just money milking machines from so-called investors who think they have missed the BTC train and are hoping they put money in some 1000% per day return scheme.

That is true and some altcoins increased 10x, 100x and even more than 1000x, some people were turned into millionaires by investing in altcoins while some people were turned from rich living to a poor living because of altcoins, I too can say altcoins are deadly but I am referring to shitcoins and scam coins.

Quote from: stompix on March 10, 2022, 10:56:12 PM

What would be the sales volume of Mcdonald's if it would be the only fast-food chain?
How many Iponhes would Apple sell if it were the only company building phones?
What would be the market capitalization of Tesla if people would only be allowed to buy Tesla shares and nothing else?

This is what exactly I am pointing to, if only bitcoin is existing, we should see more people buying it and the price would have been more than this, but having only bitcoin is not possible as it is even against nature, gold and many other natural assets have competitors, stocks and many others, even the food we are eating have competitors, everything in life have competitors.

worle1bm

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In the starting only bitcoin was the crypto out there with complete decentralisation and still it gained it's value due to demand in the market although less but still it survived the market.It does not need any altcoins but rather they need btc.The value could be significantly very high if there were no coins but that's not possible because whenever they see opportunity to create something new and gain profits out of it there will be many out there to jump in the market.

Topic: Bitcoin value more if no Altcoins or not - page 3. (Read 680 times)