I purchased several thousand shares of Groestlcoin when it was around .50 cents per share. At the time that was equivalent to approximately 7000 satoshis. At this moment Groestlcoin is at .75 cents per share yet still at 7000 satoshis due to the price increase of Bitcoin? I see many people hoping that Bitcoin fails so that the Alt coins can surge in price. If Bitcoin were to burst I see the opposite affect happening unless someone can enlighten me, I only have a few months experience with cryptos. Here I am thinking my money is safe because I don't own Bitcoin but if Bitcoin bursts and 7000 satoshis is then worth .5 cents that is a tremendous loss. Groestlcoin hit a high of $1.57 at around 20,000 satoshis. 20,000 satoshis is now worth over $2.25. Can anyone explain this to me. Is my assertion correct that Bitcoin has a direct impact and that all altcoins will suffer greatly if/WHEN it bursts?
i think if you want to save better than saving bitcoin than altcoins because bitcoin not dependent of anything so bitcoin is good saving for future. of course you get profit 
Topic: Bitcoin's impact on Alt coins (Read 229 times)
I also bought some Bitcoin Cash at different levels. I bought some at $800 and some at $1400. At the time .22000000 satoshis was valued at around $1600. It is really misleading to gauge where I am at. At .13000000 satoshis Bitcoin Cash looks like it dropped by 50% but it is still worth $1400 at .13000000 satoshis. It just makes it hard to day trade. I cant just focus on accumulating satoshis, the price fluctuation distorts the math. Volatility is our friend and nemesis?
Bitcoin's impact on alternative currencies can never be over emphasized. It has indeed played a major role towards the recognition of other altcoins. It's growth, awareness and acceptance has led to the rise of other digital currencies. It actually serves as a foundation to altcoin.
I purchased several thousand shares of Groestlcoin when it was around .50 cents per share. At the time that was equivalent to approximately 7000 satoshis. At this moment Groestlcoin is at .75 cents per share yet still at 7000 satoshis due to the price increase of Bitcoin? I see many people hoping that Bitcoin fails so that the Alt coins can surge in price. If Bitcoin were to burst I see the opposite affect happening unless someone can enlighten me, I only have a few months experience with cryptos. Here I am thinking my money is safe because I don't own Bitcoin but if Bitcoin bursts and 7000 satoshis is then worth .5 cents that is a tremendous loss. Groestlcoin hit a high of $1.57 at around 20,000 satoshis. 20,000 satoshis is now worth over $2.25. Can anyone explain this to me. Is my assertion correct that Bitcoin has a direct impact and that all altcoins will suffer greatly if/WHEN it bursts?
If bitcoin goes down, he will pull all the altcoins behind him. I think that we need a parallel trend bitcoin, so that the altcoy can freely grow. 
Only of you are planning to convert to Bitcoin. You should measure Bitcoin's value in the fiat value of your local currency, if
your local currency is less volatile. In my opinion, Bitcoin's success will also determine the success of other Alt coins, because
of the psychological impact it will have on investors if the original Crypto currency fail. Why would people invest in a Alt coin,
if the coin that started it all.... failed?
your local currency is less volatile. In my opinion, Bitcoin's success will also determine the success of other Alt coins, because
of the psychological impact it will have on investors if the original Crypto currency fail. Why would people invest in a Alt coin,
if the coin that started it all.... failed?
In addition, let's say I purchased GRS at 7000 satoshis 3 weeks ago and am looking to play the dips and make more by trading. In my head I am waiting for a significant increase in price before selling. If I monitor it everyday and rarely see it above 7000 I might think the price fluctuation is stagnant. Meanwhile the price of 7000 satoshis might have went from .50 cents to .75 cents. It would be misleading to look at my order history to what price I paid in order to gauge where to set my next sell order. The value of a satoshi hinges upon Bitcoin. Conversely, if the value of a satoshi goes way down and I review my order history to see where I purchased, I may THINK I can sell at a profit but I may be taking a loss. If I purchased at .50 cents or 7000 satoshis and it is now selling for 14000 satoshis but the value of 14,000 is only .45 cents I am losing. If this sounds confusing to anyone I apologize, I find it confusing myself which is why I am reaching out for clarification, if there is any.
I purchased several thousand shares of Groestlcoin when it was around .50 cents per share. At the time that was equivalent to approximately 7000 satoshis. At this moment Groestlcoin is at .75 cents per share yet still at 7000 satoshis due to the price increase of Bitcoin? I see many people hoping that Bitcoin fails so that the Alt coins can surge in price. If Bitcoin were to burst I see the opposite affect happening unless someone can enlighten me, I only have a few months experience with cryptos. Here I am thinking my money is safe because I don't own Bitcoin but if Bitcoin bursts and 7000 satoshis is then worth .5 cents that is a tremendous loss. Groestlcoin hit a high of $1.57 at around 20,000 satoshis. 20,000 satoshis is now worth over $2.25. Can anyone explain this to me. Is my assertion correct that Bitcoin has a direct impact and that all altcoins will suffer greatly if/WHEN it bursts?
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