Can Altcoin be independent ? - page 2.

Diced90

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Get'em boys

Quote from: jzale on August 09, 2018, 11:22:29 AM

Altcoins can be independent but partially. Bitcoin pairings will always exist if there will be no decoupling of BTC/(Any altcoin pairings). If most exchanges cease to use BTC pairings then altcoins may have the possibility to grow on its own. There is a possibility but it will be hard and it could take a very long period of time to attain independence from Bitcoin.

I agree with you, that theoretically it can be achieved but in practice it will be a long process and perhaps indicating that's not on the near future to do crypto list.

the1arty

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They can be likely independent if they will have their own blockchain.
However, in this case, a pretty good comparison would be with the stock market. If the financial companies are going down, then most of such companies are going down, as most of them affect each other, not all of them for sure. In crypto could be same years later, like the market can be in different sectors and then 1 sector of the crypto economy can go up and another goes down, then I guess we can call the market is not young anymore, mature

Do you think that is realistic and will help the crypto community to divide the projects by sectors?

ujinice

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Traders use bitcoin as a refuge when the altcoins market is in a storm. If another highly liquid asset appears that looks like bitcoin, then it can split its capitalization or replace it. Or when the market of altcoins will have a large capitalization and it will be difficult to manipulate, it will finally be able to break its relationship with bitcoin, but due to low volatility altcoins market will cease to be popular with venture investors.

stellaekun

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Quote from: itsik78 on August 11, 2018, 01:12:04 PM

Quote from: huntingbtc5 on May 25, 2018, 11:32:29 AM

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

practically all crypto-currencies have a positive correlation among themselves. This means that kriptonok as a whole reacts to the same factors, the general capitalization of the cryptology fluctuates with respect to some external factors, the crypto-currencies, in general, move synchronously.

That synchronous relationship is hard to break in most markets. Imagine a major cryptocurrency suffers a hack or fails, it casts a shadow on all others.

cherepashkis

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Yes there are some altcoins that are independent of bitcoin. but ve equally they are affected by the fall of the market.

stellaekun

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It will be very difficult because the value of other altcoins corresponds to some relative stable standard, often times, these standards are either USD, ETH or BTC. everyone sorts of take bitcoin as a model, if it crashes, we rate other altcoins accordingly

Pojumek

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I don't know of that. perhaps bitcoin can be autonomous on the grounds that we realize that bitcoin is the primary cryptographic forms of money, however in the event that altcoin needs to be free cash I don't know on that. we realize that altcoin is the determined money of bitcoin, so the improvement of the cost will take after bitcoin. furthermore, to be free money I figure it will be hard.

colepro

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I think it totally can be independent because each of them has specific platform to develop in, good feature to apply and specific market to use this.

neo10w

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It's hard, only Bitcoin is successful, other currencies will succeed. People have strong follow-up habits. Only one success can only invest in another, otherwise Bitcoin fails, so altcoin will fail.

tanaka collin

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maybe it will happen, but I think it will be difficult and takes a long time. we know that there are still several altcoins that follow the price of bitcoin, so the price of btc becomes reference for altcoins price. so I think being independent is a difficult thing, but we can't predict it. we can only wait for time.

yoerumo

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Altcoins can one day wind up being free from bitcoin however that may be an extended period of time from now. There is no real way to tell when that with happen yet as long as the greater part of the altcoins still have their exchanging sets with bitcoin then the costs of bitcoin will dependably influence the costs of the greater part of the altcoins in the market. Perhaps it will dependably be thus, perhaps not, nobody knows without a doubt

Yamifoud

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We never knew exactly of what will happen with the system in the coming years but as if today's situation, it could never be happen. Anyways, even if altcoins couldn't be independent from btc but it is still there is a way that it dumps just like the current situation we had now.

Yowlahe

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Most likely not. Numerous altcoins are produced on the BTC or ETH blockbuster. All altcoins tend to offer the client extra usefulness or enhance the usefulness of Bitcoin, Ethereum. A significant number of them are fluid (they have where to spend), many give their proprietors benefit because of the development rate. Today, altcoins are without a doubt a critical piece of the digital money showcase, without which it likely can not exist.

itsik78

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Quote from: huntingbtc5 on May 25, 2018, 11:32:29 AM

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

practically all crypto-currencies have a positive correlation among themselves. This means that kriptonok as a whole reacts to the same factors, the general capitalization of the cryptology fluctuates with respect to some external factors, the crypto-currencies, in general, move synchronously.

nostrings

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We wont see a disconnect form btc until more cryptos have direct fiat pairs. Right now the entire market follows the trend of bitcoin's price movement.

michbello

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They are paired with bitcoin only for trading.Some of the bitcoins are already independent of bitcoins, like ether, litecoin, etcetra
It might even outrun bitcoins.

Ether has provided a totally different platform and has given a new meaning to cryptocurrency.Comparing them is like comparing bananas and apples.So yea, they can be independent.

Olatunjex

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None of altcoin can separate from bitcoin totally, ethereum that follow bitcoin on market cap can't dare to do that. It will incredible to see any of altcoins to detach itself from bitcoin.

george_hured

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Why not? I think that this is quite possible, but we need to understand how the economy of coins in general will work, it seems to me that everything can be fine, but only the crypt will need a new king.

jzale

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Altcoins can be independent but partially. Bitcoin pairings will always exist if there will be no decoupling of BTC/(Any altcoin pairings). If most exchanges cease to use BTC pairings then altcoins may have the possibility to grow on its own. There is a possibility but it will be hard and it could take a very long period of time to attain independence from Bitcoin.

Ariess

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Quote from: huntingbtc5 on May 25, 2018, 11:32:29 AM

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

not if we study it from time to time until now, that's why something that is needed is great so that the market can be more independent. and it will take a lot of time until there are several altcoins that can compete with bitcoin. and if this happens then the market will be more independent without always fixating on bitcoin.

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