Bitcoin vs Cryptocurrency - Inequality

chickenado

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Quote from: logicgate on October 20, 2017, 03:29:50 PM

Quote from: Forward_Thinking on October 17, 2017, 02:28:31 PM

Quote from: MissionPhailed on October 12, 2017, 01:59:54 PM

Quote from: samy_voc on October 12, 2017, 12:17:49 PM

Today I happen to notice the Bitcoin price has gone up to 5400 level. Why there is no big activity in other alt coins. I feel 54% of market cap is Bitcoin. So does it mean alt coins have no value.

I feel there big inequality or all other all coins in no way par with bitcoins as it is market leader and it is distancing itself from others in Price.

The 54% market cap dominance we now see for Bitcoin might seem 'inequal', but is actually still pretty low considering BTC occupied at least 80% of the market cap before the spring of 2017. Altcoins are agressively on the offensive this year. Personally I'm diving entirely into altcoins in the coming weeks as I suspect/hope they'll yield a profit when this whole hardfork thing has passed.

Altcoins move more than Bitcoin moves, but Bitcoin seems to hold its value longer and more reliability than altcoins. It all depends on your trading style. Altcoins are best for high risk, high reward - but if you are not skilled at trading, and many people are not, just buy and hold Bitcoin.

Bitcoin has earned its present status after many years and as it was a totally new concept so it grabbed the attention of most people and once they indulged into it, they realize its benefits. Then many other crypto coins were released in the market but none was able to get to the level of bitcoin. First, BTC supply is a scarce one from the beginning and the demand has been increasing with time. That is why, altcoins can't beat it.

Yeah that's right. On the other side,bitcoin is part of cryptocurrency. I get curious when the inequality existed among the two. Maybe others say not equal due to the value is reaching so high and sometimes not. Certainly,there are different coins that can't be the same level as bitcoin because those altcoins don't have much big profits that you can get. Fortunately,if it is converted to bitcoin depending of stakes that the coins have,for sure it's a big value coming from bitcoin. Inspite of inequality of bitcoin to cryptocurrency,they are just related to each other and a partner all the time to make it equal.

logicgate

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Quote from: Forward_Thinking on October 17, 2017, 02:28:31 PM

Quote from: MissionPhailed on October 12, 2017, 01:59:54 PM

Quote from: samy_voc on October 12, 2017, 12:17:49 PM

Today I happen to notice the Bitcoin price has gone up to 5400 level. Why there is no big activity in other alt coins. I feel 54% of market cap is Bitcoin. So does it mean alt coins have no value.

I feel there big inequality or all other all coins in no way par with bitcoins as it is market leader and it is distancing itself from others in Price.

The 54% market cap dominance we now see for Bitcoin might seem 'inequal', but is actually still pretty low considering BTC occupied at least 80% of the market cap before the spring of 2017. Altcoins are agressively on the offensive this year. Personally I'm diving entirely into altcoins in the coming weeks as I suspect/hope they'll yield a profit when this whole hardfork thing has passed.

Altcoins move more than Bitcoin moves, but Bitcoin seems to hold its value longer and more reliability than altcoins. It all depends on your trading style. Altcoins are best for high risk, high reward - but if you are not skilled at trading, and many people are not, just buy and hold Bitcoin.

Bitcoin has earned its present status after many years and as it was a totally new concept so it grabbed the attention of most people and once they indulged into it, they realize its benefits. Then many other crypto coins were released in the market but none was able to get to the level of bitcoin. First, BTC supply is a scarce one from the beginning and the demand has been increasing with time. That is why, altcoins can't beat it.

novhitadaloma

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Bitcoin is cryptocurrency, and there are so many other altcoins like Ethereum and others.

Palmerson

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Quote from: infinity33 on October 17, 2017, 09:35:11 PM

Quote from: Akash1243 on October 17, 2017, 03:01:26 PM

Bitcoin was first of its kind so people trusts and feels more safe to invest in bitcoins as it has gained a good foundation.Also prices of bitcoins attracts people and investors to invest in them, this spike in price of bitcoins was caused by Bitcoin gold and this fork caused alts coins price to fall as people cashing out alts coin to invest in bitcoins to earn profits from the fork.Bitcoins has gained an reputation and trust which makes people invest in them and breaking it would be very hard,only ethereum has potential to overcome bitcoins now.

That was the main reason why people choose to stay on bitcoin cause there is a assurance that bitcoin will truly give a profit for them you are sure that bitcoin can do that and as we can see the value of it are good sometimes yes we can see some dump but not always because there is a such thing that this coin will pump again and again.

It seems to me that people will always have more trust in bitcoin. Even if bitcoin will not grow in the price it would be a more reliable asset. If bitcoin will be stable or even price falls, you can earn it by selling goods or performing work. Altcoins can only be used for speculation so they will lose value if the price of them for a long time will be stable or will decrease.

zollyharvan

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It would be interesting to see if you can get it on the rise and correction of bitcoin! Ethereal seems to be made for stand-alone! Somehow the value is still connected with bitcoin or not.

infinity33

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Quote from: Akash1243 on October 17, 2017, 03:01:26 PM

Bitcoin was first of its kind so people trusts and feels more safe to invest in bitcoins as it has gained a good foundation.Also prices of bitcoins attracts people and investors to invest in them, this spike in price of bitcoins was caused by Bitcoin gold and this fork caused alts coins price to fall as people cashing out alts coin to invest in bitcoins to earn profits from the fork.Bitcoins has gained an reputation and trust which makes people invest in them and breaking it would be very hard,only ethereum has potential to overcome bitcoins now.

That was the main reason why people choose to stay on bitcoin cause there is a assurance that bitcoin will truly give a profit for them you are sure that bitcoin can do that and as we can see the value of it are good sometimes yes we can see some dump but not always because there is a such thing that this coin will pump again and again.

nata777

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Bitcoin just needs some time to stay in one price range and then altcoins grow in price

vfrcbv911

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No other coins are good too, it's just not their time. Are you buying all bitcoin before ill with a fork to get a bitcoin gold. After the plugs altcoins is active again.

Akash1243

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Bitcoin was first of its kind so people trusts and feels more safe to invest in bitcoins as it has gained a good foundation.Also prices of bitcoins attracts people and investors to invest in them, this spike in price of bitcoins was caused by Bitcoin gold and this fork caused alts coins price to fall as people cashing out alts coin to invest in bitcoins to earn profits from the fork.Bitcoins has gained an reputation and trust which makes people invest in them and breaking it would be very hard,only ethereum has potential to overcome bitcoins now.

trecore4

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Well I can see with your calculation there is 46% of market cap for all the altcoins. Don't forget not all of the coins are making progress through the market so this cap is also for top 500 coins which actually contribute to the market capitalisation. So yeah there is lot of price or value for these particular contributing coins. I mean it's more valued if 46% market cap is distributed over top 100 coins rather than 1000 coins with shit volume.

Forward_Thinking

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Quote from: MissionPhailed on October 12, 2017, 01:59:54 PM

Quote from: samy_voc on October 12, 2017, 12:17:49 PM

Today I happen to notice the Bitcoin price has gone up to 5400 level. Why there is no big activity in other alt coins. I feel 54% of market cap is Bitcoin. So does it mean alt coins have no value.

I feel there big inequality or all other all coins in no way par with bitcoins as it is market leader and it is distancing itself from others in Price.

The 54% market cap dominance we now see for Bitcoin might seem 'inequal', but is actually still pretty low considering BTC occupied at least 80% of the market cap before the spring of 2017. Altcoins are agressively on the offensive this year. Personally I'm diving entirely into altcoins in the coming weeks as I suspect/hope they'll yield a profit when this whole hardfork thing has passed.

Altcoins move more than Bitcoin moves, but Bitcoin seems to hold its value longer and more reliability than altcoins. It all depends on your trading style. Altcoins are best for high risk, high reward - but if you are not skilled at trading, and many people are not, just buy and hold Bitcoin.

Pleione527

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It seems that bitcoin has given more value appreciation rather than alt coins I thought when bitcoin appreciate the alt coins will also does because they consider bitcoin to be their mother coin and the benchmark of alts pricing. I guess they give so much emphasis on making bitcoin price higher to increase the demand and then they will start increasing alts when the demand cannot compensate by the supply of bitcoin.

InahC

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Don't judge alt coins just because bitcoin is currently going up, The reason why Bitcoin is rising is because of BTG, People want to earn Free BTG. But I think when people already get there BTG Altcoins will be back to normal.

kryptqnick

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Quote from: samy_voc on October 12, 2017, 12:17:49 PM

Today I happen to notice the Bitcoin price has gone up to 5400 level. Why there is no big activity in other alt coins. I feel 54% of market cap is Bitcoin. So does it mean alt coins have no value.

I feel there big inequality or all other all coins in no way par with bitcoins as it is market leader and it is distancing itself from others in Price.

You are right, bitcoin's dominance on the market has grown and I think it was rather unexpected, for more and more currencies were created and getting their bites of the general market capitalization. It's funny, though. Bitcoin was all about being against the center, whereas now it is itself the center of the market, the thing that influences choices of traders and makes them dump the periphery.

Quote from: eodchop on October 17, 2017, 03:31:25 AM

Bitcoin was a crypto pioneer that's why it is stable and reliable. many people believe it. some altcoins are underscored

Yes, bitcoin is reliable and sort of stable. Yet it would actually be better for people to use different coins instead of concentration on this specific one, because currently the transaction fees are sometimes really high whereas the needed time is still very long. Moreover, surely there are lots of coin offering things bitcoin will never be able to offer, like smart contracts.

Lord casanova

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people buy bitcoins to invest in the ico this mean that higher the demand and people hold the btc means that the lower supply and moreover you can say that the bitcoin is the father of all cryptocurrincies

senin

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The cost of bitcoin is really incomparably higher than the other crypto currency. Bitcoin was the first and is well known with significant user support. This explains his position among the others in terms of currency and high cost. However, according to the laws of the market, if any other coin becomes more successful and will gain more support than Bitcoin, the situation may change.

eodchop

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Use Linux!

Bitcoin was a crypto pioneer that's why it is stable and reliable. many people believe it. some altcoins are underscored

arbitrage

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High expectations are main problem. I Understand those who do not trade at all and holding their BTC's in storage and they are delightful with this idea that they will get free money. I do not understand investors who selling now just because they can get 1/10 of their holdings, this is an absurd, and totally irrational behavior. Crypto is very far from mass adoption.

kloudz79

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Its just a temporary since btc gonna hf and people want a free btg just like bch... calm down, any coin like eth and xrp gonna go well too because they being working with another company i guess... no one knows...

yishak

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Yeah , you are right most altcoins have been slow for the past week , I didnt even got a chance to trade my alts these week cause the market was going down. I blame bitcoin for what is happening to alts, its because bitcoin is going to go through a hardfork on October 25 so a lot of people are exchanging their coins for bitcoin. Don't worry too much tho cause after the fork ends I'm sure most altcoin will make a recovery.

Topic: Bitcoin vs Cryptocurrency - Inequality (Read 1287 times)