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Topic: Bitcoin vs Altcoin Market Capitalization (newbie) (Read 888 times)

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Thank you for your answers and opinions Smiley I think Ethereum plays a big role in this story too
I think to invest 0.1 bitcoin in 10 differents promising Altcoins and just be patient.
Do you think it's smart to invest 1 Bitcoin in Altcoins which are cheap and promising and just wait and see?

it is up to you to decide how much you are willing to invest, nobody can tell you if it is a good idea or bad. there are a lot of people trading with small amounts like 0.001-0.01BTC  or others with big amounts 30-50BTC it is all about your risk taking.

Thanks for your opinion and feelings about Bitcoin and Altcoins Smiley

I have another question : How many Altcoins reached ~ 1$ starting from 0.000001$ or 0.00001$ ? do you think is it still possible that a worthless Altcoin reaches 1$ within 2 or 3 years?

Which Altcoin do you think the most promising? The biggest jump for the coming months?

check out http://coinmarketcap.com/ yourself to see the history.
a worthless altcoin is worthless for a reason so if it is 0.000001$ there is no way it can reach $1 that is a ridiculous % of rise.
say which altcoin you have in mind so we can tell you why it is worthless! Cheesy

Ok so most of the Altcoins never reach 1$ and are just insignificant that's the idea?

Do you think it's possible that the Bitcoin falls a little bit to share some place and value with some Altcoins despite its leadership?

you shouldn't really compare bitcoin with altcoins.
there are two big differences between them that you can't ignore.
1) in short bitcoin is being used! it means you can see shops (online like steam, VPN services, .... and offline like coffee shops, food truck,...) accepting it as a currency. this is not true about any of the altcoins (you may find some random usages like buy games with Dogecoin but they don't matter.
2) most of the altcoins have crappy dev team with nothing to offer and they are copy of another altcoin or copy of bitcoin. and all of them are created with one single purpose: to get pump and dumped.

now you decide if it is possible that the Bitcoin falls a little bit to share some place and value with some Altcoins despite its leadership?

Quote
I mean do you think investors or Chinese mining plants will take an interest in some serious Altcoins after the Bitcoin halving to make more profits?
Or the price of Bitcoin will increase so that the mining plants and investors will invest and do everything to get Bitcoins?

Chinese, mining farms, investors are already investing in altcoins. and nothing is going to change. refer to #2 above about altcoins

Quote
Do you think people will choose a cryptocurrency that is worthless to accumulate and enjoy its rise and possibly more interesting than the growth of Bitcoin?

Thanks again for your answers Smiley

they are already doing it. they buy a cheap altcoin for a while (accumulate) then pump the price with their hype then dump on idiots who buy at the top to gain more bitcoin.
I agree with you man. If you are always on exchange they are already doing it especially the ones who got a lot of bitcoin. They pump the price a worthless altcoin and they encourage others to buy at high price, then they will dump it to the ground and by that they earn. It happens sometimes.
legendary
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Thank you for your answers and opinions Smiley I think Ethereum plays a big role in this story too
I think to invest 0.1 bitcoin in 10 differents promising Altcoins and just be patient.
Do you think it's smart to invest 1 Bitcoin in Altcoins which are cheap and promising and just wait and see?

it is up to you to decide how much you are willing to invest, nobody can tell you if it is a good idea or bad. there are a lot of people trading with small amounts like 0.001-0.01BTC  or others with big amounts 30-50BTC it is all about your risk taking.

Thanks for your opinion and feelings about Bitcoin and Altcoins Smiley

I have another question : How many Altcoins reached ~ 1$ starting from 0.000001$ or 0.00001$ ? do you think is it still possible that a worthless Altcoin reaches 1$ within 2 or 3 years?

Which Altcoin do you think the most promising? The biggest jump for the coming months?

check out http://coinmarketcap.com/ yourself to see the history.
a worthless altcoin is worthless for a reason so if it is 0.000001$ there is no way it can reach $1 that is a ridiculous % of rise.
say which altcoin you have in mind so we can tell you why it is worthless! Cheesy

Ok so most of the Altcoins never reach 1$ and are just insignificant that's the idea?

Do you think it's possible that the Bitcoin falls a little bit to share some place and value with some Altcoins despite its leadership?

you shouldn't really compare bitcoin with altcoins.
there are two big differences between them that you can't ignore.
1) in short bitcoin is being used! it means you can see shops (online like steam, VPN services, .... and offline like coffee shops, food truck,...) accepting it as a currency. this is not true about any of the altcoins (you may find some random usages like buy games with Dogecoin but they don't matter.
2) most of the altcoins have crappy dev team with nothing to offer and they are copy of another altcoin or copy of bitcoin. and all of them are created with one single purpose: to get pump and dumped.

now you decide if it is possible that the Bitcoin falls a little bit to share some place and value with some Altcoins despite its leadership?

Quote
I mean do you think investors or Chinese mining plants will take an interest in some serious Altcoins after the Bitcoin halving to make more profits?
Or the price of Bitcoin will increase so that the mining plants and investors will invest and do everything to get Bitcoins?

Chinese, mining farms, investors are already investing in altcoins. and nothing is going to change. refer to #2 above about altcoins

Quote
Do you think people will choose a cryptocurrency that is worthless to accumulate and enjoy its rise and possibly more interesting than the growth of Bitcoin?

Thanks again for your answers Smiley

they are already doing it. they buy a cheap altcoin for a while (accumulate) then pump the price with their hype then dump on idiots who buy at the top to gain more bitcoin.
legendary
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Altcoin will have its time in the future and there can never be one coin who will dominate in the future, the altcoin market is beginning to compete with bitcoins and for example the etherium is now at a good price today, and if we are very updated in monitoring the market we could also see new coins with great potential in the future like the LISK, DAO, and now WAVES which hasn't been release for trading.
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A market cap can't be either bullish or bearish.  I don't understand that.  Dominos Pizza has a market cap of 6 billion; Coca-Cola has a market cap of what, 100 billion?  You cannot compare the two with respect to bullishness.  And good luck trying to analyze cryptocurrency.  At least with stocks you can look at earnings and things about the business behind the stocks.  Crypto is pretty much all technical analysis.

More like wild gueses than technical analysis. crypto seems to be the hardest to get right, one coin you may think is onto a definite winner can the next day be dumped down to a few satoshis. The problem with cryptos , specifically alt coins is they can be manipulated far too easily by someone with either a lot of money or a lot of coins.
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A market cap can't be either bullish or bearish.  I don't understand that.  Dominos Pizza has a market cap of 6 billion; Coca-Cola has a market cap of what, 100 billion?  You cannot compare the two with respect to bullishness.  And good luck trying to analyze cryptocurrency.  At least with stocks you can look at earnings and things about the business behind the stocks.  Crypto is pretty much all technical analysis.
legendary
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Don't look at market caps if you're thinking of gambling on alts. Look at daily volumes and rises. I could issue tenty trillion crapcoins, only release one, buy it from myself for $1 and I've got a multi trillion dollar market cap.

Yes, although the chart is interesting, the total market cap of all altcoins is a pretty misleading statistic. Reason is that the number of altcoins is steadily increasing, with hundreds of coins basically dead but still counted for the statistic. Even if these are basically not tradable, they continue to issue new coins, inflating their market cap.

Ethereum is one of the few coins that has increased in value relative to Bitcoin. However it has a very short history and is certainly in a hype phase recently. I don't want to judge negatively about Ethereum, but I think it will face the same fate like the other altcoins. The simple reason is the overwhelming network effect of Bitcoin that makes it most attractive for innovation. For example in the case of Ethereum, the same functionality might soon be offered by the project rootstock that is pegged to Bitcoin.

ya.ya.yo!
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legendary
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Don't look at market caps if you're thinking of gambling on alts. Look at daily volumes and rises. I could issue tenty trillion crapcoins, only release one, buy it from myself for $1 and I've got a multi trillion dollar market cap.
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It never happen before ethereum that altcoin getting more than 10% of total crypto market cap however due to DAO and ethereum smart contracts, eth boost the altcoin percentages.
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legendary
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Thank you for your answers and opinions Smiley I think Ethereum plays a big role in this story too

I think to invest 0.1 bitcoin in 10 differents promising Altcoins and just be patient.

Do you think it's smart to invest 1 Bitcoin in Altcoins which are cheap and promising and just wait and see?

I only speak for myself but i would be wary about putting any money into any altcoins while bitcoin is pumping so high, Id be wary of buying ethereum at all at current prices, Many will tell you that its ready to go to 30,50,300 dollars etc but with an unlimited supply i dont see how ethereum hype can be kept going. Im sticking with bitcoin personally.
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legendary
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Yes, that is right. The big jump is due to ethereum and its derivatives like DAO.
Keep in mind that you don't need a large increase in market cap in dollar/absolute terms to make money.
What matters is the percentage jump. Get into an alt which has a low market cap and you can make a lot of profits if it clicks.
legendary
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The big jump you see is probably Ethereum.

I don't think you can say there's a bullish altcoin market, some altcoins get popular and its market cap increases a lot, like Ethereum, but if don't bet in the right coins you will lose your money.
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