Bitcoin without Altcoin ? - page 35.

Senor.Bla

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Quote from: futurebillions on August 09, 2016, 03:57:13 AM

Quote from: dihari on August 09, 2016, 03:40:40 AM

bitcoin without altcoins is just like dollar without poundsterling, euro, or anything else.
to trade a commodity, we need an alternate to compare the quality (price) when it flooring on the market.

+1, they helped each other, inclduing money exchanging, and altcoins are faster than bitcoin, some smart contracts are used in real life.

i agree that some of them are useful, since they have a different aim and goal then bitcoin. but i do not thing we need them to compare the quality (price).
imagine the whole world would use just one currency. it would be a lot easier and you could still have different prices for food in different regions of the world.

futurebillions

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Quote from: dihari on August 09, 2016, 03:40:40 AM

bitcoin without altcoins is just like dollar without poundsterling, euro, or anything else.
to trade a commodity, we need an alternate to compare the quality (price) when it flooring on the market.

+1, they helped each other, inclduing money exchanging, and altcoins are faster than bitcoin, some smart contracts are used in real life.

dihari

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bitcoin without altcoins is just like dollar without poundsterling, euro, or anything else.
to trade a commodity, we need an alternate to compare the quality (price) when it flooring on the market.

Haruderty

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Quote from: anama on August 08, 2016, 12:58:44 PM

bitcoin without altcoin less attractive, and not good for the development community, examples in bitcointalk who hold regular signature campaign continuously is new altcoin launch
you imagine going to a lot bitcoin exchangers of death if only are outstanding
there may be little huobi okcoin and market placed exchanger local

Without altcoin, some people will not own bitcoin. These guys mine the altcoin and then convert into bitcoin.

anama

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bitcoin without altcoin less attractive, and not good for the development community, examples in bitcointalk who hold regular signature campaign continuously is new altcoin launch
you imagine going to a lot bitcoin exchangers of death if only are outstanding
there may be little huobi okcoin and market placed exchanger local

serjent05

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Quote from: madwica on August 03, 2016, 10:14:38 PM

Those alt coin has a great contribution to increase the value of bitcoin because only bitcoin is accepted crypto currency in online shopping even in exchanging into fiat that is why if there is not alt coin i think bitcoin price is not going to high like what price now.

I agree that altcoin have great contribution in bitcoin value. It promotes BTC whenever altcoin is promiting itself. Since lots of altcoin cannot be sold directly to fiat money, and only bitcoin is the only way, it give buy pressure on Bitcoin and at the same time sell pressure that makes bitcoin trading economy move.

Leonard2016

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Quote from: gilangIDR on August 08, 2016, 09:13:27 AM

Quote from: relq on August 07, 2016, 12:43:37 AM

If bitcoin without altcoin happened, all people will focus at bitcoin and it also affect the price of bitcoin for sure, because many people not using other altcoin beside the bitcoin itself.

correctly . altcoin is driving the price of bitcoin. without altcoin bitcoin prices can not be affected. with altcoin the spread of crypto coin competition in the world will be evenly distributed. bitcoin will continue to move up and down.

i don't agree with this at all.
altcoin has never had any effect on the bitcoin price.
a while back there was some FUD being spread all over the internet about bitcoin by Ethereum supporters that lead to bitcoin price fall back down to $390 before the big rise but that is all the effects altcoins has ever had on bitcoin.

gilangIDR

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Quote from: relq on August 07, 2016, 12:43:37 AM

If bitcoin without altcoin happened, all people will focus at bitcoin and it also affect the price of bitcoin for sure, because many people not using other altcoin beside the bitcoin itself.

correctly . altcoin is driving the price of bitcoin. without altcoin bitcoin prices can not be affected. with altcoin the spread of crypto coin competition in the world will be evenly distributed. bitcoin will continue to move up and down.

calkob

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i think altcoins have made the whole crypto scene alot more interesting and there has been some really good innovations. Bitcoin definitely has value with or with out the alts as it is mostly priced in fiat. were as alts are more likly to have no value without bitcoin.

danherbias07

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Quote from: relq on August 07, 2016, 12:43:37 AM

If bitcoin without altcoin happened, all people will focus at bitcoin and it also affect the price of bitcoin for sure, because many people not using other altcoin beside the bitcoin itself.

Could be good for bitcoin demands. The buyers wont be divided and will just use bitcoin instead. But there are too many that wants their own coin now. It will be hard to make them just disappear.

Next BillG

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Quote from: Haruderty on August 07, 2016, 06:58:35 AM

Quote from: ASHLIUSZ on August 07, 2016, 02:47:08 AM

Quote from: ajun96 on August 07, 2016, 12:47:37 AM

Quote from: madwica on August 03, 2016, 10:14:38 PM

Those alt coin has a great contribution to increase the value of bitcoin because only bitcoin is accepted crypto currency in online shopping even in exchanging into fiat that is why if there is not alt coin i think bitcoin price is not going to high like what price now.

nope I think that makes the high price of bitcoin is not altcoin. You see when bitcoin riding high in 2012. there is only a 1 altcoin is litecoin. but bitcoin prices rising so high? No intervention altcoin on bitcoin price increases. you should know that all users altcoin is bitcoin users. and not necessarily bitcoin users are users of altcoin

As bitcoin's value grew, profit has probably also become a motivator for some currency developers. Alternative cryptocurrencies thrive only in bitcoin's shadow. Each new cryptocurrency that comes forward benefits from the groundwork of bitcoin.

When the bitcoin ecosystem becomes larger, there will be more intertest to develop the infrastructure, so the price will rise again.

The bitcoin developers are working very hard. The bitcoin Core Client will integrate the SegWit and Block size increase soon.

Haruderty

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Quote from: ASHLIUSZ on August 07, 2016, 02:47:08 AM

Quote from: ajun96 on August 07, 2016, 12:47:37 AM

Quote from: madwica on August 03, 2016, 10:14:38 PM

Those alt coin has a great contribution to increase the value of bitcoin because only bitcoin is accepted crypto currency in online shopping even in exchanging into fiat that is why if there is not alt coin i think bitcoin price is not going to high like what price now.

nope I think that makes the high price of bitcoin is not altcoin. You see when bitcoin riding high in 2012. there is only a 1 altcoin is litecoin. but bitcoin prices rising so high? No intervention altcoin on bitcoin price increases. you should know that all users altcoin is bitcoin users. and not necessarily bitcoin users are users of altcoin

As bitcoin's value grew, profit has probably also become a motivator for some currency developers. Alternative cryptocurrencies thrive only in bitcoin's shadow. Each new cryptocurrency that comes forward benefits from the groundwork of bitcoin.

When the bitcoin ecosystem becomes larger, there will be more intertest to develop the infrastructure, so the price will rise again.

ASHLIUSZ

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Quote from: ajun96 on August 07, 2016, 12:47:37 AM

Quote from: madwica on August 03, 2016, 10:14:38 PM

Those alt coin has a great contribution to increase the value of bitcoin because only bitcoin is accepted crypto currency in online shopping even in exchanging into fiat that is why if there is not alt coin i think bitcoin price is not going to high like what price now.

nope I think that makes the high price of bitcoin is not altcoin. You see when bitcoin riding high in 2012. there is only a 1 altcoin is litecoin. but bitcoin prices rising so high? No intervention altcoin on bitcoin price increases. you should know that all users altcoin is bitcoin users. and not necessarily bitcoin users are users of altcoin

As bitcoin's value grew, profit has probably also become a motivator for some currency developers. Alternative cryptocurrencies thrive only in bitcoin's shadow. Each new cryptocurrency that comes forward benefits from the groundwork of bitcoin.

ajun96

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Quote from: madwica on August 03, 2016, 10:14:38 PM

Those alt coin has a great contribution to increase the value of bitcoin because only bitcoin is accepted crypto currency in online shopping even in exchanging into fiat that is why if there is not alt coin i think bitcoin price is not going to high like what price now.

nope I think that makes the high price of bitcoin is not altcoin. You see when bitcoin riding high in 2012. there is only a 1 altcoin is litecoin. but bitcoin prices rising so high? No intervention altcoin on bitcoin price increases. you should know that all users altcoin is bitcoin users. and not necessarily bitcoin users are users of altcoin

relq

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If bitcoin without altcoin happened, all people will focus at bitcoin and it also affect the price of bitcoin for sure, because many people not using other altcoin beside the bitcoin itself.

KonceptCars

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Altcoins will hopefully be geared more towards niche uses and markets, while bitcoin remains the standard. It would be interesting if there could be a promotional limited timeframe for certain altcoins where at a specified date they would automatically exchange into BTC.

jak3

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if bitcoin was today placed without altcoins so it can effect a lot to its value.altcoins brings to what bitcoin market needs it bring compition and also many advantage. people can choose otger cryptocurrency and can trade with them and the price ups and downs are now profit or loss its the good use of a technology

noictib

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if there will be no alternative coin then trading became a tuff work at sites like yobit .

xJuturna

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If you think of bitcoin like a new invention (which in a sense it is) you may be able to shed a different light on this question. As with all new things people will try to improve upon or recreate the idea with better features. Bitcoin is exactly the same hence the creation of altcoins. Most founders are either trying to recreate bitcoin but with some better / different features, or are looking to make a bit of extra money into their pockets. Still I believe, as with all business's, there will be a competitor(altcoin) with bitcoin that will have a similar market price with some features that bitcoin doesn't offer.

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Quote from: Haruderty on August 06, 2016, 05:26:21 AM

Quote from: BTCLovingDude on August 04, 2016, 05:57:25 AM

Quote from: Haruderty on August 04, 2016, 05:36:03 AM

Quote from: pooya87 on August 03, 2016, 10:42:58 PM

Quote from: OrangeSeller on August 03, 2016, 10:21:26 PM

Quote from: madwica on August 03, 2016, 10:14:38 PM

Those alt coin has a great contribution to increase the value of bitcoin because only bitcoin is accepted crypto currency in online shopping even in exchanging into fiat that is why if there is not alt coin i think bitcoin price is not going to high like what price now.

altcoins are of course supporting bitcoin as well, thousands of dollars being invested in altcoin trading every day. which of course increase bitcoin price.
mostly you can't buy altcoins for other currency. you need to have bitcoins for buy altcoins. and this is how altcoin buy/sell and trade help bitcoin to grow up.

i don't think it has ever worked this way. it is actually working the other way around. it means some of the altcoins get hyped up when bitcoin price goes up and they just follow with no logical reason and rise themselves.

That is right. The ETC version of the Ethereum gets hyped a lot. The price of ETC could drop a lot soon.

i don't think that will happen soon .
now is the time for ethereum classic to be pumped to the top and pass the ethereum forked version.
although i agree that it is all hype and soon enough both of them will die and we get rid of them and all the spam with it once and forall, but for now enjoy the pump profit.

Some people think it is morally wrong for the Ethereum Classic or ETC to be pumped. So it might be dumped eventually.

what does morality have to do with anything in trading altcoins?!!!
if you want to consider "pump and dumps" as morally wrong and stay away from anything that is pump and dumped then you have to leave the altcoin market and trading for good.

besides ETC is now at the pumping stage and will not stop as long as it can get pumped which is at least to the ETH price level then they both (ETH and ETC) will start dying slowly as people cash out from both of them and move to better altcoins.

Topic: Bitcoin without Altcoin ? - page 35. (Read 67962 times)