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 is affected by altcoins but from what i notice no situation altcoins can fine itself that will make it more valuable than bitcoin, despite that all has it primary functions, and altcoins investment makes bitcoin to have more firms, some people don't go into bitcoin investment but they took the risk to invest in new project of altcoins knowing that profit manifestation occur in altcoins than bitcoin during in investment so that is a point i know that altcoins is affecting bitcoin, but the risks of losing your investment is more known in altcoins than bitcoin 
Topic: Bitcoin value more if no Altcoins or not (Read 680 times)
I am pretty sure that bitcoin would have been great with or without altcoins, I am also sure that altcoins (the good ones) helped bitcoin grow bigger as well. These two things are not mutually exclusive, you could be great all by yourself, and still get help from other coins as well.
I do believe that bitcoin was already on a good path without all these altcoins came along, there were a few during the early days, like the first 5 years between 2009 to 2014 there were a few, but none of them really picked up this much and bitcoin was still doing awesome. At the end of the day altcoins became big and that certainly increased the love for crypto for sure.
I do believe that bitcoin was already on a good path without all these altcoins came along, there were a few during the early days, like the first 5 years between 2009 to 2014 there were a few, but none of them really picked up this much and bitcoin was still doing awesome. At the end of the day altcoins became big and that certainly increased the love for crypto for sure.
I would add that altcoins surely added some more usage for the crypto and that brought more adoption. I'm not saying that Bitcoin wouldn't be adopted by people if it weren't for altcoins, but that adoption would be slower if it weren't for altcoins.
Bitcoin may or may not reach that point if there is no altcoins , but remember that people loves Bitcoin because of its volatility and in the beginning anonymity , but of course nowadays we cannot confirmed about being anonymous , so either Bitcoin may reached the top value if there is no altcoins or not? yet we know how to trust and believe bitcoin .
I am pretty sure that bitcoin would have been great with or without altcoins, I am also sure that altcoins (the good ones) helped bitcoin grow bigger as well. These two things are not mutually exclusive, you could be great all by yourself, and still get help from other coins as well.I do believe that bitcoin was already on a good path without all these altcoins came along, there were a few during the early days, like the first 5 years between 2009 to 2014 there were a few, but none of them really picked up this much and bitcoin was still doing awesome. At the end of the day altcoins became big and that certainly increased the love for crypto for sure.
Altcoins are growing as bitcoin and altcoins attract investors to enter the crypto space. Bitcoin and altcoins are mutually reinforcing and mutually support the cryptocurrency space. Indeed, many altcoins are just shitcoins, but some altcoins are even able to attract more investors and become popular like Ethereum which is the number 2 coin after Bitcoin.
altcoin hype was not so affected on bitcoin because Bitcoin became the main hype of altcoin rise. All will follow bitcoin.
Bitcoin needs altcoins to continue to grow crypto market transactions, but bitcoin doesn't need shitcoins which only cost a lot of people.
altcoin hype was not so affected on bitcoin because Bitcoin became the main hype of altcoin rise. All will follow bitcoin.
Bitcoin needs altcoins to continue to grow crypto market transactions, but bitcoin doesn't need shitcoins which only cost a lot of people.
Even with the existence of several altcoin bitcoin still possess it's own dominance making it's value unaffected by altcoin price or fluctuation rather the opposite is the case. When ever there is a pump in bitcoin price it reflects on altcoin and same thing happen when there is a drought. But if an altcoin experience an upsurge due to hype or high demand it has no effect on bitcoin value
It is true that regardless of how many altcoins are created, in terms of volatility bitcoin is largely unaffected by altcoin hype. But without altcoins, I think crypto wouldn't be as popular as they are today.Bitcoin creates the market but it is the altcoins that make the market grow and become vibrant attracting investors when creating trends in the market. So altcoins play an important role in the market, without altcoins people would have nothing to compare with bitcoin and we wouldn't know bitcoin is special.
Yes, maybe it can happen, but it doesn't seem like it has a big effect on the value of BItcoin. Maybe only a small addition will be received by Bitcoin. Seeing that there are now many Altcoins but the value of Bitcoin still cannot be seconded. Bitcoin has survived and is strong until now, it is a proof that Bitcoin can indeed stand strong despite the emergence of new altcoins.
I don’t think that bitcoin's value would have increased if there were no altcoins. The reason that bitcoin is so costly is probably because of the competition coming from altcoins. Moreover, bitcoin has a place in people’s lives and it won’t get affected, whether or not there are altcoins.
you used that Highlighted word ? meaning you are not sure about that? Bitcoin may or may not reach that point if there is no altcoins , but remember that people loves Bitcoin because of its volatility and in the beginning anonymity , but of course nowadays we cannot confirmed about being anonymous , so either Bitcoin may reached the top value if there is no altcoins or not? yet we know how to trust and believe bitcoin .
Yes it is right that if no altocoins bitcoins will might get more value in this world everyone has their own identity and competition and who came first in any sector will always be respected, bitcoins has their own holders or traders. From 2017 as I entered into this industry bitcoin was at 1000$ and there is 2000+ altocoins but now we cross almost 15k altocoins bitcoin price has increased to 60 X so no matters who comes or goes a performer will always going to win.
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.
If they are called "altcoins" there is a reason, and I think there is enough space for everybody in this world. Bitcoin probably will always be the king but tokens like ETH etc actually help the growth of the sector. Many people wouldn't invest in bitcoin just because "now it's too expensive" and they prefer to buy altcoins, but then they eventually end up understanding more about bitcoin as well, so it's kind of win-win situation. Of course the downside are all the scams. 
I believe that it works the other way around. While not all altcoins get affected by the price of bitcoin at all times, the majority does get affected by the swings of bitcoin most of the time. But butcoin though is different it can make do whatever the other coin's prices are which has always been the case ever since I can remember. But this does not mean that altcoins are not necessary. We also have to take note that altcoins also bring traffic into this industry specially nowadays as the crypto gaming and NFTs emerge and continuously gets hyped. Main take is that altcoins are necessary but not vital for the existence of bitcoin.
Even with the existence of several altcoin bitcoin still possess it's own dominance making it's value unaffected by altcoin price or fluctuation rather the opposite is the case. When ever there is a pump in bitcoin price it reflects on altcoin and same thing happen when there is a drought. But if an altcoin experience an upsurge due to hype or high demand it has no effect on bitcoin value
and this mean only one thing , that Bitcoin is valuable because there are altcoin to compete but if there are no altcoin invented/created? I'm sure that bitcoin may not succeed like what it has now.because the popularity will not increase as there are no option to invest with.
Bitcoin and altcoins need each other, I'm sure without altcoins bitcoin will not last until now, maybe it's dead before it's worth $1...
For your information, Bitcoin was worth $ 1 before any altcoin existed. Altcoins were introduced in 2011 with Namecoin being the first and, for a short time, the only alternative to Bitcoin.
Without altcoins there would be no competition then bitcoin would not be as prominent as it is now. We cannot compare altcoins with bitcoin but thanks to their diversity and many advanced technologies, altcoins have helped crypto develop and increasingly attract the crypto community.
In terms of value, bitcoin is not dependent on any altcoins. As we have seen, the functioning of the market depends on bitcoin. bitcoin drop all altcoins will almost fall, but altcoins drop bitcoin will not fall.
Exactly without altcoin, there will have been a lot of scalability issues in the cryptocurrency community and this diversity hard helped the crypto industry to be able to meet up with emerging real-time demand on the cryptocurrency market. Bitcoin networks has a kind of right algorithm and this make it to depend on the altcoin even though Bitcoin can survive alone. In terms of value, bitcoin is not dependent on any altcoins. As we have seen, the functioning of the market depends on bitcoin. bitcoin drop all altcoins will almost fall, but altcoins drop bitcoin will not fall.
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.
Even it may be true, there is no way that you will just have only bitcoin. This is like a normal thing in every market, there will always be competitors. But, the good thing is that bitcoin stays at the top no matter what and in the years to come I believe that it is also going to remain at the top. Bitcoin has this advantage because it is the pioneering cryptocurrency, so it will be difficult for any other cryptocurrency to overtake it. And the reason why having other cryptocurrencies will not have any negative impact on bitcoin is because bitcoin is well-known than every other cryptocurrencies and investors always go for bitcoin at every time. 
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.
Like even in the stock market, people have choices that also apply to the crypto market. So let's say that Bitcoin only exists, this never guarantees that the price went high or might it just low.
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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.
So lets do a little mathematics to find out what the price of bitcoin would be right now if this market cap belonged to bitcoin alone,
Total market capitalization divided by total supply of bitcoin, answer is the price bitcoin should be right now if it was the only crypto coin.
Code:
1,826,142,325,594 / 21,000,000 = 86959.158
So assuming the entire cryptocurrency market capitalization (as at the time of writing this post) belonged to bitcoin alone, then the price of bitcoin right now would be $86,959.158.
If you ask me, I did say it doesn't make much difference from bitcoin's current price, so from the above, do you think altcoins affect the price of bitcoin?
Much of the altcoin market would go to Bitcoin if they suddenly were to disappear and this would mean a stronger and more expensive BTC.
Had they never existed, the total market cap of crypto which would comprise only of bitcoin would have been much smaller that's one downside. For this reason I feel like it's better that we have altcoins. Their reach in the media is greater than a bitcoin's reach would be and some people who experience cryptocurrencies in the form of altcoins would never be here if the only coin they were exposed to was bitcoin.
However such an scenario is unrealistic, even if all altcoins disappeared tomorrow I can guarantee you that there will be hundreds of altcoins after just a month of that event.Had they never existed, the total market cap of crypto which would comprise only of bitcoin would have been much smaller that's one downside. For this reason I feel like it's better that we have altcoins. Their reach in the media is greater than a bitcoin's reach would be and some people who experience cryptocurrencies in the form of altcoins would never be here if the only coin they were exposed to was bitcoin.
As such I think it is a waste of time to try to think how this market would look without altcoins and what it would have meant for bitcoin, because there will always be altcoins, there will be some which are decent and the majority that are worth nothing, and personally even if all my money is invested in bitcoin I prefer it this way as people should be free to create their own coins if they think they can actually create a better project than what satoshi did, as a free altcoin market gives them the chance to actually try to prove their claims.
Without altcoins there would be no competition then bitcoin would not be as prominent as it is now. We cannot compare altcoins with bitcoin but thanks to their diversity and many advanced technologies, altcoins have helped crypto develop and increasingly attract the crypto community.
When we talk about altcoins we should remember we are talking about Alternative coins. When we say a thing is an alternative, it is giving us hope that if we lose the main, there is a plan B. Apart from that common sense, alternatives ensure competition which will definitely keep the main in track. Bitcoin wouldn't have gained this popularity and growth without altcoins. Those altcoins that went to extinction, their value is taken by bitcoin to grow the more. The woes of altcoins is the pleasure of bitcoin but not vice versa. Even with the existence of several altcoin bitcoin still possess it's own dominance making it's value unaffected by altcoin price or fluctuation rather the opposite is the case. When ever there is a pump in bitcoin price it reflects on altcoin and same thing happen when there is a drought. But if an altcoin experience an upsurge due to hype or high demand it has no effect on bitcoin value
Bitcoin dominates the market, that is what we see and these altcoins are relying upon it that is why we never see altcoins are affecting back to Bitcoin. But if there are no altcoins exists in the market, Bitcoin still going to grow and might even have a price compared today. So literally, Bitcoin can really be going to survive without the help of these altcoins but this seems impossible for altcoins alone. We can assume that this is the scenario to see but I think having Bitcoin and altcoins give more interest to the public as they have options to choose from rather than just a single one.
I don't know if theirs something that does not like a competitor, if bitcoin did not have competitor like altcoins Bitcoin would have not have domination and have values also, since their is existence of othe coins that is challenging Bitcoin that is why it became more popular and viral to the world, altcoins is like supportive function to Bitcoin and i believe Bitcoin have power over any other coins, and know person values altcoins over bitcoin since i notice what is cryptocurrency, Bitcoin is one and altcoins is many, so difference is pure and never will altcoins dominate Bitcoin.
We couldnt actually tell if bitcoins value would rise up that much if ever there w ould be no altcoins existing. Pumps like this towards its value or price wouldn't be something like this but rather be on a low scale or slow pace of movement since there's no coins for them to be worried about which i dont see for it to be good on any way also you couldnt stop
people on not to make new one which is more better and more feature packed than with bitcoin alone.Lets just face up this reality though.
Even with the existence of several altcoin bitcoin still possess it's own dominance making it's value unaffected by altcoin price or fluctuation rather the opposite is the case. When ever there is a pump in bitcoin price it reflects on altcoin and same thing happen when there is a drought. But if an altcoin experience an upsurge due to hype or high demand it has no effect on bitcoin value
Bitcoin was affected by altcoin by new investors to inverse on altcoin with less amount of money. So the amount of dollars invested per year in bitcoin will get reduced.Every few months nearly 1000+ cryto altcoin was launched.So huge amount of money get into the altcoin trading.When the price of bitcoin was reduced with certain conditions, nearly 80 percentage of crypto involved in bitcoin was reduced automatically.
Yes, you are right about that, if there was only bitcoin in the market all the investments will be going into bitcoin and there wouldn’t be any kind of diversion. But, since we now have so many altcoins in the market, more than a thousand of them, investors will not have so many choices to pick from and some of them would prefer to invest in other cryptocurrencies rather than bitcoin.Some investors do believe that they are more likely to get bigger profit from cryptocurrencies with a smaller market cap than bitcoin because these ones are more volatile and if they are to get more investors they would increase more in value.
Bitcoin and altcoins need each other, I'm sure without altcoins bitcoin will not last until now, maybe it's dead before it's worth $1...
For your information, Bitcoin was worth $ 1 before any altcoin existed. Altcoins were introduced in 2011 with Namecoin being the first and, for a short time, the only alternative to Bitcoin.
Bitcoin and altcoins need each other, I'm sure without altcoins bitcoin will not last until now, maybe it's dead before it's worth $1, no one is interested when they see something alone, the presence of altcoins makes bitcoin even more valuable because when they collect funds or ICO they accept bitcoin.
If altcoins disappear instantly, then avalanche of money will trigger Bitcoin price to increase, demand will be furious. But if this fund migration happens slowly, then no one would even notice that alts have disappeared. But in the end, I think the value of Bitcoin will decrease, as we will have more mining powers. More hashrate means faster mining, faster mining will cause surplus on the market. Supply will excess demand.
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:
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.
“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 think that the diversity of crypto is what's giving it its value, and in turn what's giving value to BTC. The diversity and the manny uses of crypto is what's attracting people to it and what's helping it to get more recognition from governments. So no, altcoins are actually showing everyone that crypto has many applications. Without them, all of the investments would go to BTC, but there would be far fewer investments in general.
It depends from token to token, coin to coin. Like if we had no scams, no failures, no shady business and only legit ones then that would be a lot better. However, if we had NO altcoins then it would hurt bitcoin for sure. It is a bit between two things, I mean there is a good amount of tokens and coins that could have been deleted or never existed and that would have helped us a lot.
We have tens of thousands of coins right now and even like 250 of them would have been enough, I do not think that there is a need for that many coins and tokens, I mean most of them are futile. But I rather have 10k coins and tokens than have just 1, that is still true.
We have tens of thousands of coins right now and even like 250 of them would have been enough, I do not think that there is a need for that many coins and tokens, I mean most of them are futile. But I rather have 10k coins and tokens than have just 1, that is still true.
Perhaps, we can assume that will happen in the absence of altcoins as investors will just focus on Bitcoin alone. Preferably, the demand will increase making the price spike high as well. But having no options might also give less interest to the public, which in fact, the majority looks at this as a scam investment. That I believe the existence of Altcoins helps to improve the crypto market as I think that Bitcoin couldn't make it alone.
Well for me altcoins give a boost to bitcoin price, when everyone wants to invest in altcoins they need to buy bitcoin to purchase altcoin or if there is massive trading that happens it will always have pair to bitcoin which is bitcoin also affected by the price increase when there is a hype altcoin.And that is right, altcoins have played a major part in bitcoin and not bitcoin alone.
Bitcoin can be viewed as the original and strongest cryptocurrency, but altcoins can be very useful as well. While altcoins are different in many ways, they are still valid currencies with long-term benefits. You just need to understand how to deal with them and the risks involved.
Bitcoin and altcoins are natural rivals but should not be viewed as enemies. They can co-exist, working together for the benefit of both parties. Some altcoins are even better than bitcoin in terms of usability, while others are nearly worthless. There are a lot of interesting cryptocurrencies out there that haven't attracted mainstream media attention.
Perhaps, we can assume that will happen in the absence of altcoins as investors will just focus on Bitcoin alone. Preferably, the demand will increase making the price spike high as well. But having no options might also give less interest to the public, which in fact, the majority looks at this as a scam investment. That I believe the existence of Altcoins helps to improve the crypto market as I think that Bitcoin couldn't make it alone.
Well for me altcoins give a boost to bitcoin price, when everyone wants to invest in altcoins they need to buy bitcoin to purchase altcoin or if there is massive trading that happens it will always have pair to bitcoin which is bitcoin also affected by the price increase when there is a hype altcoin.And that is right, altcoins have played a major part in bitcoin and not bitcoin alone.
Much of the altcoin market would go to Bitcoin if they suddenly were to disappear and this would mean a stronger and more expensive BTC.
Had they never existed, the total market cap of crypto which would comprise only of bitcoin would have been much smaller that's one downside. For this reason I feel like it's better that we have altcoins. Their reach in the media is greater than a bitcoin's reach would be and some people who experience cryptocurrencies in the form of altcoins would never be here if the only coin they were exposed to was bitcoin.
Had they never existed, the total market cap of crypto which would comprise only of bitcoin would have been much smaller that's one downside. For this reason I feel like it's better that we have altcoins. Their reach in the media is greater than a bitcoin's reach would be and some people who experience cryptocurrencies in the form of altcoins would never be here if the only coin they were exposed to was bitcoin.
snip
“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.It seems normal to think so. It seems that if there was no Altcoin, all users and investors would use Bitcoin and this would help increase the price of Bitcoin.
But you have only seen the current form of Bitcoin, not the previous form. People have always used Ripples in the banking sector, i.e. XRP has attracted a lot of attention in the banking sector. in the same way, ETH, NEO, BCH, and other altcoin have created a lot of attention and attracted people to Cryptocurrency.
Overall, Altcoin has played a major role in the adoption of cryptocurrency. So, you can't throw them at all.
Bitcoin is of course not affected by altcoins but altcoins are affected by bitcoin, there's no doubt about it.
To answer youur second question, if there were no altcoins bitcoin would be more valuable.
Of course not all crypto market cap would go to bitcoin's market cap because many people buy altcoins because they want a cheap and possibly very profitable investment with more risk than bitcoin. Some just see something they like in altcoins like they want more privacy so they buy privacy coins and they wouldn't invest as much if there was only bitcoin, but they would invest. I'd expect that at least 50% of the total altcoin market would go to bitcoin.
We can compare it to cars. Some people like coupes and some like SUVs. If suddenly all brands disappeared leaving only a brand that doesn't produce coupes some people would not buy a car at all and rather choose a motorcycle or public transport instead of getting an SUV, but most would make a switch and drive something less fun but something that serves a purpose of getting you from place to place.
To answer youur second question, if there were no altcoins bitcoin would be more valuable.
Of course not all crypto market cap would go to bitcoin's market cap because many people buy altcoins because they want a cheap and possibly very profitable investment with more risk than bitcoin. Some just see something they like in altcoins like they want more privacy so they buy privacy coins and they wouldn't invest as much if there was only bitcoin, but they would invest. I'd expect that at least 50% of the total altcoin market would go to bitcoin.
We can compare it to cars. Some people like coupes and some like SUVs. If suddenly all brands disappeared leaving only a brand that doesn't produce coupes some people would not buy a car at all and rather choose a motorcycle or public transport instead of getting an SUV, but most would make a switch and drive something less fun but something that serves a purpose of getting you from place to place.
Bitcoin was affected by altcoin by new investors to inverse on altcoin with less amount of money. So the amount of dollars invested per year in bitcoin will get reduced.Every few months nearly 1000+ cryto altcoin was launched.So huge amount of money get into the altcoin trading.When the price of bitcoin was reduced with certain conditions, nearly 80 percentage of crypto involved in bitcoin was reduced automatically.
Is it true that bitcoin is not affected by the altcoins?
bitcoin is not affected by any altcoin, but with the emergence of many altcoins they create a market where it has competitiveness and attracts more investors, so altcoins are also responsible for the growth of this cryptocurrency market. I'm not someone who invests in new altcoins and I'm also in favor of freedom of choice, I don't think there should only be bitcoin, that wouldn't be good, the way the market is in my opinion is very good
It seems to me that on the contrary it is good when there are a lot of other coins on the market. It creates competition and influences the price. If there were no altcoins, there would only be one pair, but with altcoins there are so many, for all needs. This is primarily good for traders. We can also talk about the limited functionality of bitcoin, which would not be able to handle some of the tasks that Etherium, for example, can handle.
I don't know if it's possible to calculate how much money went in the direction of all those thousands of altcoins and how much goes every day, but if there was only Bitcoin surely most of the money would go in its direction which would mean more people today in a much better financial position than what they are today.
One should not shy away from the fact that some have made their fortunes by trading in altcoins, but investing in Bitcoin and trading in altcoins are not in the same category to me. Rare are those who can complain that Bitcoin has brought them losses, but there are very many who have believed in various Bitcoin killers over the years and have been waiting for some new crypto king.
Yet I would never put myself between someone's money and the choice of investment, which means that if someone wants to invest in some altcoin, I can only tell him "I invested in Bitcoin, and you do with your money whatever you want".
One should not shy away from the fact that some have made their fortunes by trading in altcoins, but investing in Bitcoin and trading in altcoins are not in the same category to me. Rare are those who can complain that Bitcoin has brought them losses, but there are very many who have believed in various Bitcoin killers over the years and have been waiting for some new crypto king.
Yet I would never put myself between someone's money and the choice of investment, which means that if someone wants to invest in some altcoin, I can only tell him "I invested in Bitcoin, and you do with your money whatever you want".
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.
has become a benchmark that bitcoin is the parent of other altcoins. every movement of bitcoin, it will often be accompanied by movement of altcoins. this has been seen in every case, it is rare for altcoins to have a move against the bitcoin trend, although there are, I don't think it lasts long because of the hype. therefore before we invest in altcoins, of course holding bitcoin first will be more feasible 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.
In any case of course this is very feasible because indeed we are talking about Volatility now and of course Bitcoin is the best
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:
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 think the phrase itself can be understood in different ways, leading to different answers. It seems to me that it actually means a simple truth that it's not possible to issue new BTC and lead to inflation. If it's about the impact of altcoins on Bitcoin and vice versa, I don't think it's that different from the stock market or from the market of fiat currencies, honestly. Bitcoin can go up along with other coins or down with them, just like if some stocks start failing, others often experience disturbances as well, but it's not all coordinated. “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.
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.
We can say that Bitcoin is really influential but this never happens if there is no market competition.
Might be true,
But, keep in mind, Altcoins has been created for the needs of the people, various applications that cannot be launched on the Bitcoin blockchain are launched on the Ethereum blockchain / Binance chain.
Without altcoin there would have been a lot of problems, in fact, altcoins have played a special role in this far-reaching campaign of cryptocurrency. All cryptocurrency gets hyped by the activity of different altcoins, so the contribution of Altcoin cannot be underestimated.
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.
We can say that Bitcoin is really influential but this never happens if there is no market competition.
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 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.
They do tend to make lots of altcoins but not all are shitty ones because you do see that some does have some real usage or application which is really good and the rest of it are pure trash.
Bitcoin would value more if it does only exist on the market? Who knows? Neither it would really be on that situation or would typically be just the same when altcoins is still present.
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 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.
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.
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/
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/
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.
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?
If there were only bitcoin surely the growth could've been very low than the present.
lol
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, 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.
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.
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?
If there were only bitcoin surely the growth could've been very low than the present.
lol
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
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.
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.
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..
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.
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.
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.
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 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.
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. 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 
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:
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.“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.
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.
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.
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.
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.
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:
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.
“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
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. 
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. 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. 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?
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.
Is it true that bitcoin is not affected by the altcoins?
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.
It can be a bulwark because of some common reason why it's more worth it to store money in it rather than fiats, but the fact that more government were against in bitcoin it will still a big a question if bitcoin can really replace fiats to prevent inflation.. So good only for those country that already accept bitcoin as a legal tender.
Without altcoins there would be no competition then bitcoin would not be as prominent as it is now. We cannot compare altcoins with bitcoin but thanks to their diversity and many advanced technologies, altcoins have helped crypto develop and increasingly attract the crypto community.
In terms of value, bitcoin is not dependent on any altcoins. As we have seen, the functioning of the market depends on bitcoin. bitcoin drop all altcoins will almost fall, but altcoins drop bitcoin will not fall.
In terms of value, bitcoin is not dependent on any altcoins. As we have seen, the functioning of the market depends on bitcoin. bitcoin drop all altcoins will almost fall, but altcoins drop bitcoin will not fall.
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.
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?
If there were only bitcoin surely the growth could've been very low than the present.
lol
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
There’s always a what if on this kind of topic, Bitcoin value might be more or less if Altcoins didn’t exist. There’s a possibility that Bitcoin price will much lower if Altcoin didn’t exist because the main reason why cryptocurrency market pump is because of the hype of blockchain technology through its different application on altcoins.
For example the Ethereum upgrade Bitcoin Blockchain by implementing smart contract which lead to multiple possibilities for innovation for the whole crypto market. Without smart contract and other blockchain innovations, we are still stuck on a single blockchain with tons of shitty bitcoin forks. Cryptocurrency will never be the same like this.
For example the Ethereum upgrade Bitcoin Blockchain by implementing smart contract which lead to multiple possibilities for innovation for the whole crypto market. Without smart contract and other blockchain innovations, we are still stuck on a single blockchain with tons of shitty bitcoin forks. Cryptocurrency will never be the same like this.
Bitcoin price would only be affected by alt-coins when their investor are converting to earn or save their money,
But we couldn't really answer the question about it's value if it is the only crypto,
The price could be higher than it is now since everyone who invested on crypto would focus their money on it,
But it could also be lower since there wouldn't be trades that attracted so many investors,
So if it is the only crypto I think there would be less people around here.
But we couldn't really answer the question about it's value if it is the only crypto,
The price could be higher than it is now since everyone who invested on crypto would focus their money on it,
But it could also be lower since there wouldn't be trades that attracted so many investors,
So if it is the only crypto I think there would be less people around here.
Value and price are different, Bitcoin value is standalone and never affected by any thing. It's decentralized and psedonymous, peer to peer exchange.
Bitcoin price doesn't affected by altcoins, this mean if altcoins price decrease Bitcoin price wouldn't decrease too. But due to so many altcoins exist, this make people confuse whether they need to buy Bitcoin or altcoins which indirectly make Bitcoin price not really high. Imagine if only 5 coins listed on any platform, those 5 coins will have higher price than the current price now.
Bitcoin price doesn't affected by altcoins, this mean if altcoins price decrease Bitcoin price wouldn't decrease too. But due to so many altcoins exist, this make people confuse whether they need to buy Bitcoin or altcoins which indirectly make Bitcoin price not really high. Imagine if only 5 coins listed on any platform, those 5 coins will have higher price than the current price now.
I think the difference in value makes its position less affected by altcoins, but it is necessary to look at the problem in many different ways, what altcoins offer will show the completeness of public solutions. technology that this field addresses. That has pushed to bring the existing value to the market, and of course if it is only BTC, the price will be better, but in one respect it will still be considered as negative as in the beginning and will difficult to accept as widely used as it is now. So the problems that arise always give us the options that follow.
Bitcoin is not affected by altcoins because of the superiority that bitcoin has. But bitcoin would not be as valuable today if there were no altcoins or fiat currency pairs. Likewise with gold, if there is no partner to trade, gold will not be valuable.
Maybe bitcoin is at the top of the crypto chain and even if there are many new coin issuances, it will not affect bitcoin's position. But if there were only bitcoin in the market, it wouldn't necessarily be what it is today.
Maybe bitcoin is at the top of the crypto chain and even if there are many new coin issuances, it will not affect bitcoin's position. But if there were only bitcoin in the market, it wouldn't necessarily be what it is today.
If ever there is only Bitcoin, for sure the market cap of Bitcoin now will be bigger because other people will have no choice what to buy since there is only Bitcoin. And there could be a huge possibility that the price of Bitcoin could go higher too as the market cap increase.
Overall for me, this is how cryptocurrency works, after Bitcoin was created, altcoins started too and the total crypto market cap is not only circulating on Bitcoin.
Overall for me, this is how cryptocurrency works, after Bitcoin was created, altcoins started too and the total crypto market cap is not only circulating on Bitcoin.
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, ~
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. I strongly believe that Bitcoin can survive as well as today and can have a high value, just because of many supports from any parties, including from altcoins. I cannot imagine if we only have Bitcoin, it may have big difficulties to survive since it only struggles alone. CMIIW
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 and thats why we've been flooded out by lots of projects in the market and hope that they would get on the same support or community on which bitcoin does have.
We do have overall rankings between bitcoin and altcoin and its existence does have relevance on overall price of bitcoin.
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 thought it was the complete opposite as altcoins tend to folow bitcoin movement and most of the market volume comes from bitcoin.
Although after the creation of Bitcoin, other currencies have been created and despite this they have not negatively affected it.
That means many see bitcoin trust as an important asset in the financial world.
If there was a chance that Bitcoin was the only cryptocurrency in the space, it would need a pair.
Before its creation there were movements with the desire to create something in cryptography, but Satoshi beat them to it.
All cryptocurrencies are open source one more reason for the birth of more projects in the Crypto space.
Bitcoin has shown under different circumstances that it can deal with inflation. We have seen testimonials from cash-strapped people around the world who have tried bitcoin and are freed.
That means many see bitcoin trust as an important asset in the financial world.
If there was a chance that Bitcoin was the only cryptocurrency in the space, it would need a pair.
Before its creation there were movements with the desire to create something in cryptography, but Satoshi beat them to it.
All cryptocurrencies are open source one more reason for the birth of more projects in the Crypto space.
Bitcoin has shown under different circumstances that it can deal with inflation. We have seen testimonials from cash-strapped people around the world who have tried bitcoin and are freed.
Is it true that bitcoin is not affected by the altcoins?
bitcoin is not affected by any altcoin, but with the emergence of many altcoins they create a market where it has competitiveness and attracts more investors, so altcoins are also responsible for the growth of this cryptocurrency market. I'm not someone who invests in new altcoins and I'm also in favor of freedom of choice, I don't think there should only be bitcoin, that wouldn't be good, the way the market is in my opinion is very good
Competition is what makes bitcoin stand out among the rest.
If only bitcoin exists up until this day, you may be right, the growth may be slow.
The existence of other alts is significant on recognizing the role of bitcoin in the market.
Without them, you may not appreciate what bitcoin is. With the comparison, you can distinguish the difference between btc and other alts.
Is it true that bitcoin is not affected by the altcoins?
bitcoin is not affected by any altcoin, but with the emergence of many altcoins they create a market where it has competitiveness and attracts more investors, so altcoins are also responsible for the growth of this cryptocurrency market. I'm not someone who invests in new altcoins and I'm also in favor of freedom of choice, I don't think there should only be bitcoin, that wouldn't be good, the way the market is in my opinion is very good
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.
For sure it's affected, especially when t see how many altcoins in the market. However i think the existance of those alts is necessary and a logic result for the technology.From another side, i don't see reasons to discuss such a fact. The technology behind bitcoin can give birth to thousands of similar pojects and this was expected from the biggening.
Is it true that bitcoin is not affected by the altcoins?
bitcoin is not affected by any altcoin, but with the emergence of many altcoins they create a market where it has competitiveness and attracts more investors, so altcoins are also responsible for the growth of this cryptocurrency market. I'm not someone who invests in new altcoins and I'm also in favor of freedom of choice, I don't think there should only be bitcoin, that wouldn't be good, the way the market is in my opinion is very good
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This is a simple man. In this world, there is nothing that has no alternative. Creating something new might take time, but creating its alternative didn't take any time. Just think if the world had only one car company, one mobile company, or anything like that. You say that there was only one company, but you definitely can't think about its price. So alternatives are a part of everything. Now apply the same rules to bitcoin: if no other alternative coin exists, what is the total market cap value? You noticed $2T. It will be the total market volume of Bitcoin. Then it might be possible for bitcoin to double in price. Well, it's just a guess. But we can do anything; everything, like bitcoin, should have an alternative.But it is really tough to get trust like Bitcoin.
Well, it's an argument that you'll see valid points from the affection of bitcoin with the altcoins market. But the one thing that is for sure is that, bitcoin is affecting the altcoins market.
No matter what hype is being made with the altcoins.
There's no denying that it's always affecting the whole altcoins market. Time will come that there will be lesser altcoins and majority of the investors will stay on bitcoin.
No matter what hype is being made with the altcoins.
There's no denying that it's always affecting the whole altcoins market. Time will come that there will be lesser altcoins and majority of the investors will stay on bitcoin.
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.
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:
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.
“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.
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