Bitcoin without Altcoin ? | Bitcointalksearch.org

tabas

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Quote from: n0ne on March 01, 2017, 01:24:33 AM

Quote from: tabas on March 01, 2017, 12:01:36 AM

Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

It depends, if you can see the early days of bitcoin it has already a value because there are transactions already. But I don't doubt it that alt coins did helped somehow with the price of bitcoin to make it higher. Because all of the alt coins are dependent with bitcoin which is the major currency of all the crypto's.

From the start of bitcoins, it has grown high making a big growth in the technology as well in the digital currency. In terms of technology blockchain is under test and implementation on most sectors. Bitcoin from the scratch based upon the technology has grown in value which no other currencies were able to make. This happened just with the competence, else we could have been experiencing a small fluctuations that happen similar to the stock market.

There's no doubt that bitcoin did stand alone and rise itself from the beginning. But alt coins are also a good help for bitcoin because they are doing some contributions with the bitcoins price. But if ever those alt cons will be gone still bitcoin can stand all along its way and will keep on rising, this crypto is very tough.

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Quote from: bitcoindusts on March 02, 2017, 12:10:25 AM

Quote from: Harlot on March 01, 2017, 10:39:44 AM

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Quote from: hajimasan on March 01, 2017, 02:38:23 AM

then there would be no competition and bitcoin's demand will be not as much as now we have because, people trade with altcoin and they use bitcoin a s a medium of currency for buying and selling so altcoin plays a good role in bitcoin's lifecycle.

Yes, that's what I thought too, altcoins play an important role in bitcoin's existence and the other way around, they support each other and especially for bitcoin, altcoins help stimulate the growth of bitcoin as they make bitcoin more valuable and bring it up high. Altcoins are like keystone species, whose absence has devastating effects on the ecology. Without them, bitcoin would stand alone and have no specific growth as it has no competitors.

That is exactly what the point is Altcoins or Alternative Coins are not even what I call as "Alternative" because as of now Bitcoin is the only cryptocurrency that is being use or being accepted in businesses. Altcoins right now are just being use just to be traded from one to another. Other altcoins such as Doge Coin and Ethereum comes only to 2nd too Bitcoin in terms of being accepted, and as far as I know gambling sites are the only ones accepting them. Hoping for the next Bitcoin might be hard because Bitcoin's growth has not yet reach its peak.

Lol do you know what you really are talking about? Competition takes away user from each competing coins. It is like talking about a community with one shop and another scenario of having two shop that offers same service. Just think of these scenario and you will fully grasp the idea. More coins means more choice thus creating less demand to each one of these coins.

that is correct but not an answer to what he said!
two shops that are offering the same goods will divide the users among them.
two coins that are offering the same features can take some users from bitcoin.
but the question is "is there any altcoin that is offering same features or can offer the same features" and the answer is not completely yes!
there are some coins that come close but they are not worthy competition enough to make people switch to an altcoin.

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Quote from: tabas on March 01, 2017, 12:01:36 AM

Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

It depends, if you can see the early days of bitcoin it has already a value because there are transactions already. But I don't doubt it that alt coins did helped somehow with the price of bitcoin to make it higher. Because all of the alt coins are dependent with bitcoin which is the major currency of all the crypto's.

Altcoins are bitcoin dependent but bitcoin is not altcoin dependent. Both of them are totally depending onpeople adoption rate for value appreciations. If we see from 2 to 3 years from till now the price of bitcoin has a great impact upon altcoins still bitcoin prices are decided my economical events. Literally bitcoin is the gateway of cryptocurrency world but altcoins are just existing under bitcoin's fame.

gredisgold88

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Quote from: n0ne on March 01, 2017, 01:24:33 AM

Quote from: tabas on March 01, 2017, 12:01:36 AM

Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

It depends, if you can see the early days of bitcoin it has already a value because there are transactions already. But I don't doubt it that alt coins did helped somehow with the price of bitcoin to make it higher. Because all of the alt coins are dependent with bitcoin which is the major currency of all the crypto's.

From the start of bitcoins, it has grown high making a big growth in the technology as well in the digital currency. In terms of technology blockchain is under test and implementation on most sectors. Bitcoin from the scratch based upon the technology has grown in value which no other currencies were able to make. This happened just with the competence, else we could have been experiencing a small fluctuations that happen similar to the stock market.

Yes, you are right . and I agree with some of your opinion, but the highest increase in bitcoin was in 2011 - 2012 - 2013 was the year of the beginning and growth bitcoin prices that received public capital.

Quote from: phr0stbyt3 on March 01, 2017, 08:42:51 AM

Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

I wouldn't agree to the points you made because if you see there are way more investors in bitcoin when compared to altcoins and when altcoins are introduced most of the investor are people who actually hold bitcoin and they invest in altcoins mostly by selling bitcoins or they normally invest because they know who altcoins works or in general how crypto currencies work. If altcoins were the reason why bitcoin is like this today then why would bitcoin still have the largest market cap compared to altcoins. And because of bitcoin only there is something called altcoins in the world.

look at 2008 , how much price of 1 BTC if we assume 50 million BTC be devided total collected $ ( 50 m / Fund $) ?. to buy 1 pizza would have to pay 10000 BTC in 2009.
And I assume when dogecoin and other cryptoccurency appear, then there is rotation between the price of bitcoin with other cryptoccurency, the bitcoin holders move with other cryptoccurency, then altcoin have value and price. and new investors for altcoin see a favorable opportunity, no doubt investors should buy bitcoin, and bitcoin is not realized price of $ will increase,what you keep talking without altcoin bitcoin prices will be high?

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Quote from: Harlot on March 01, 2017, 10:39:44 AM

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Quote from: hajimasan on March 01, 2017, 02:38:23 AM

then there would be no competition and bitcoin's demand will be not as much as now we have because, people trade with altcoin and they use bitcoin a s a medium of currency for buying and selling so altcoin plays a good role in bitcoin's lifecycle.

Yes, that's what I thought too, altcoins play an important role in bitcoin's existence and the other way around, they support each other and especially for bitcoin, altcoins help stimulate the growth of bitcoin as they make bitcoin more valuable and bring it up high. Altcoins are like keystone species, whose absence has devastating effects on the ecology. Without them, bitcoin would stand alone and have no specific growth as it has no competitors.

That is exactly what the point is Altcoins or Alternative Coins are not even what I call as "Alternative" because as of now Bitcoin is the only cryptocurrency that is being use or being accepted in businesses. Altcoins right now are just being use just to be traded from one to another. Other altcoins such as Doge Coin and Ethereum comes only to 2nd too Bitcoin in terms of being accepted, and as far as I know gambling sites are the only ones accepting them. Hoping for the next Bitcoin might be hard because Bitcoin's growth has not yet reach its peak.

Lol do you know what you really are talking about? Competition takes away user from each competing coins. It is like talking about a community with one shop and another scenario of having two shop that offers same service. Just think of these scenario and you will fully grasp the idea. More coins means more choice thus creating less demand to each one of these coins.

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Quote from: hajimasan on March 01, 2017, 02:38:23 AM

then there would be no competition and bitcoin's demand will be not as much as now we have because, people trade with altcoin and they use bitcoin a s a medium of currency for buying and selling so altcoin plays a good role in bitcoin's lifecycle.

Yes, that's what I thought too, altcoins play an important role in bitcoin's existence and the other way around, they support each other and especially for bitcoin, altcoins help stimulate the growth of bitcoin as they make bitcoin more valuable and bring it up high. Altcoins are like keystone species, whose absence has devastating effects on the ecology. Without them, bitcoin would stand alone and have no specific growth as it has no competitors.

That is exactly what the point is Altcoins or Alternative Coins are not even what I call as "Alternative" because as of now Bitcoin is the only cryptocurrency that is being use or being accepted in businesses. Altcoins right now are just being use just to be traded from one to another. Other altcoins such as Doge Coin and Ethereum comes only to 2nd too Bitcoin in terms of being accepted, and as far as I know gambling sites are the only ones accepting them. Hoping for the next Bitcoin might be hard because Bitcoin's growth has not yet reach its peak.

Bibite

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Bitcoin without Altcoins would be boring :/ Altcoins are also a complement for Bitcoin and can help for future dev for Bitcoin. Without altcoin, I wonder if the price of Bitcoin would have been the same as we have now, I doubt. Also it creates like a competition and it's good to see, wich is good at what

dominikherzog5

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Bitcoin without Altcoin same like USD currency without any other currencies. We never know bitcoin performance because only one and not have competitors.

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Quote from: ICO INVESTOR on March 01, 2017, 02:28:10 AM

Altcoins helped more people get into the crypto world

Yup but mostly people get interested about bitcoin than other altcoin.

Quote from: hajimasan on March 01, 2017, 02:38:23 AM

then there would be no competition and bitcoin's demand will be not as much as now we have because, people trade with altcoin and they use bitcoin a s a medium of currency for buying and selling so altcoin plays a good role in bitcoin's lifecycle.

Right! Many people use bitcoin in trading as their medium currency for buying and selling so Altcoin is the one of the reason why others buying bitcoin.

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Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

I wouldn't agree to the points you made because if you see there are way more investors in bitcoin when compared to altcoins and when altcoins are introduced most of the investor are people who actually hold bitcoin and they invest in altcoins mostly by selling bitcoins or they normally invest because they know who altcoins works or in general how crypto currencies work. If altcoins were the reason why bitcoin is like this today then why would bitcoin still have the largest market cap compared to altcoins. And because of bitcoin only there is something called altcoins in the world.

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then there would be no competition and bitcoin's demand will be not as much as now we have because, people trade with altcoin and they use bitcoin a s a medium of currency for buying and selling so altcoin plays a good role in bitcoin's lifecycle.

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Altcoins helped more people get into the crypto world

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Quote from: tabas on March 01, 2017, 12:01:36 AM

Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

It depends, if you can see the early days of bitcoin it has already a value because there are transactions already. But I don't doubt it that alt coins did helped somehow with the price of bitcoin to make it higher. Because all of the alt coins are dependent with bitcoin which is the major currency of all the crypto's.

From the start of bitcoins, it has grown high making a big growth in the technology as well in the digital currency. In terms of technology blockchain is under test and implementation on most sectors. Bitcoin from the scratch based upon the technology has grown in value which no other currencies were able to make. This happened just with the competence, else we could have been experiencing a small fluctuations that happen similar to the stock market.

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Quote from: Chikito on March 01, 2017, 12:11:17 AM

Quote from: tabas on March 01, 2017, 12:01:36 AM

Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

It depends, if you can see the early days of bitcoin it has already a value because there are transactions already. But I don't doubt it that alt coins did helped somehow with the price of bitcoin to make it higher. Because all of the alt coins are dependent with bitcoin which is the major currency of all the crypto's.

hmm, yes it is your opinion, but I think that the appearance of bitcoin other cryptoccurency childbirth, followed by doge and LTC, if no other cryptoccurency, then it will not be able to have more value than cryptoccurency. cryptoccurency and curency have the same general characteristics, but not in the specific characteristics, without altcoin the bitcoin bitcoin has a cheap price.

yes i am agree, without doge and ltc, maybe bitcoin can not increase like now and we can make money from bitcoin as much as now. i think bitcoin is design like a king or mother of crypto currency and now bitcoin is an exchange from altcoin into bitcoin so we can withdraw it into fiat. bitcoin and altcoin is actually related one to another and is one of them its not exist, then there is no balance for crypto currency and there is no benefits than we can get from crypto currency.

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Quote from: tabas on March 01, 2017, 12:01:36 AM

Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

It depends, if you can see the early days of bitcoin it has already a value because there are transactions already. But I don't doubt it that alt coins did helped somehow with the price of bitcoin to make it higher. Because all of the alt coins are dependent with bitcoin which is the major currency of all the crypto's.

hmm, yes it is your opinion, but I think that the appearance of bitcoin other cryptoccurency childbirth, followed by doge and LTC, if no other cryptoccurency, then it will not be able to have more value than cryptoccurency. cryptoccurency and curency have the same general characteristics, but not in the specific characteristics, without altcoin the bitcoin bitcoin has a cheap price.

tabas

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Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

It depends, if you can see the early days of bitcoin it has already a value because there are transactions already. But I don't doubt it that alt coins did helped somehow with the price of bitcoin to make it higher. Because all of the alt coins are dependent with bitcoin which is the major currency of all the crypto's.

Chikito

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Quote from: chaser15 on February 28, 2017, 06:35:38 PM

Quote from: Chikito on February 28, 2017, 06:28:50 PM

if bitcoin without altcoin bitcoin prices will not be as expensive as this, and without altcoin cryptocurrency would not be interesting. bitcoin without altcoin life seemed flat

Disagree and it's not like that.

Bitcoin price are based on people's buy and sell action, basically the demand. Bitcoin are mainly used for trades and different usages (money transfer, gambling, payments etc.) that's why it was bought by other people. If such cases that there is a price increase, it's not because of the altcoins. Remember the MT. GOX era or when bitcoin price were on the pump back then? There are only few alts that time that really a popular.

but income from real money to bitcoin will change again into altcoin value itself, and the exchange between money with bitcoin and altcoin will also affect the price of basic bitcoin, usability altcoin for transactions, gambling and faucet also greatly affect the price of bitcoin, but I has its own perspective on this, if only a single bitcoin be and no other cryptoccurency, then there is no market, bitcoin be like paypal fastpay and other fiat financial services so bitcoin without altcoin life seemed flat.

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The way I see it is, comparing it to fiat, BTC is like the USD - Its the crypto world reserve currency. Everything else is priced against it and traded with it. Without the alts BTC would have a lot less real world action right now.

Look at the exchanges for a start. Would they be making as much money if it was a straight fiat to BTC set up and nothing else?

Then look at the ALT mining side of it. Highly profitable businesses have been set up based on mining ETH, XMR, ZEC etc.

But, most importantly I think, the ALTS are bringing more people into BTC that maybe wouldn't be here without the ALTS. Just look at the Ethereum miners for a start. Sure a lot of them are holding in the hope that "the world computer" thing happens, but a lot are also trading them up for the daddy - the one which we all know is here to stay Wink

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Massive price drop coming...

Quote from: bitcoindusts on February 28, 2017, 07:46:15 PM

Quote from: lovesybitz on February 28, 2017, 07:11:41 PM

Quote from: erikalui on November 24, 2015, 03:08:22 PM

All the altcoins come and go but they have all in a way promoted bitcoins. However, bitcoin has been independent compared to the other coins and people who have invested in dogecoin and other coins and switching back to BTC considering that it is more popular and worth buying.

An article: http://bravenewcoin.com/news/bitcoins-value-altcoins/

The link is giving the how the altcoin is important in this industry. though Bitcoin is the reason why atlcoin created they are both helping to one another I think.

I think the article is just a person's view regarding Bitcoin and altcoin relationship and does not cover everyones view. On top of it aside from the positive effect there are also negative effect this altcoins to Bitcoin. Lots of altcoins had been labeled scam making several investors hate cryptocurrency and considered Bitcoin as one of them. In my opinion Bitcoin can stand alone even without these altcoin.

I think the price of bitcoin will not increase and grow fast if there is no altcoin live..
Altcoin has a big help for bitcoin to grow fast.. if there is no altcoin we can not push the price also.. since the price of bitcoin is relaying in demand and supply it will be increase more impression due to other altcoin promotions or how they are promoting their altcoin.. that can people knows about crypto currency benefits and what are the use for those crypto's..

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Quote from: lovesybitz on February 28, 2017, 07:11:41 PM

Quote from: erikalui on November 24, 2015, 03:08:22 PM

All the altcoins come and go but they have all in a way promoted bitcoins. However, bitcoin has been independent compared to the other coins and people who have invested in dogecoin and other coins and switching back to BTC considering that it is more popular and worth buying.

An article: http://bravenewcoin.com/news/bitcoins-value-altcoins/

The link is giving the how the altcoin is important in this industry. though Bitcoin is the reason why atlcoin created they are both helping to one another I think.

I think the article is just a person's view regarding Bitcoin and altcoin relationship and does not cover everyones view. On top of it aside from the positive effect there are also negative effect this altcoins to Bitcoin. Lots of altcoins had been labeled scam making several investors hate cryptocurrency and considered Bitcoin as one of them. In my opinion Bitcoin can stand alone even without these altcoin.

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