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Topic: Can Altcoin be independent ? - page 3. (Read 808 times)

newbie
Activity: 12
Merit: 0
August 09, 2018, 11:03:53 AM
all the possibilities will happen, especially the altcoin which is currently a bitcoin parallel token that very many people are interested in investing ...
and with that altcoin will someday become an independent token without having to be in bitcoin.
jr. member
Activity: 137
Merit: 1
KONIOS.com
August 09, 2018, 10:58:22 AM
You can see that Bitcoin has risen by 10% in the previous period, but it has not brought the whole market back, so I think the influence of Bitcoin has gradually decreased in this industry. I think this is the performance of Altcoin slowly starting to be independent. They will no longer be affected by Bitcoin in the future, they have their own development path.
full member
Activity: 364
Merit: 101
August 09, 2018, 10:44:57 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.
Many trading platforms offer trading pairs independent of bitcoin. The more the market develops, the greater the independence will be received by alternative currencies. Everything depends on the demand in the market.
sr. member
Activity: 490
Merit: 262
privacy preserving smart contracts and beyond
July 07, 2018, 10:26:14 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.
It could be possible if crypto will still get strong for many years and get stabilized market. But for now,  altcoins still depending on bitcoin trend in the market as they have a strong tie up at this time.
Altcoins are literally dependent by all means in being a crypto coin but when it comes to market prices, we can say that the price of bitcoin is affecting their market prices. I think the reason for this is trading because coins are traded to have another value of coins which is usually bitcoin. With that, if the value of bitcoin decreases, their prices decreases as well.

I really don't think that they can be entirely independent with each other because coins are traded. Maybe they could be in means of a country using that specific coin as their own currency which really sounds impossible too.
member
Activity: 749
Merit: 13
July 07, 2018, 10:15:27 AM
During this bitcoin is a pioneer and because bitcoin then popping altc,eth that specializes in animation and ranking in under a bitcoin is still very affected by the movement of bitcoin.So to be independent I think is very difficult because of the strength of bitcoin that still be like the poles of the crypto.
newbie
Activity: 98
Merit: 0
July 07, 2018, 10:08:38 AM
In the current market situation, No.
Bitcoin is to cryptocurrency what USD is to fiat currency. 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.
member
Activity: 378
Merit: 10
July 05, 2018, 06:13:45 PM
I think that no. If we look on charts, when BTC drops, altcoins go even deeper. All trading pairs for altcoins connected with BTC and ETH. While we won't have pairs alt-USD, nothing can be changed.
sr. member
Activity: 805
Merit: 250
July 05, 2018, 06:12:59 PM
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.
It could be possible if crypto will still get strong for many years and get stabilized market. But for now,  altcoins still depending on bitcoin trend in the market as they have a strong tie up at this time.
sr. member
Activity: 1512
Merit: 326
July 05, 2018, 06:07:49 PM
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.
almost all altcoin in major exchange pairing with BTC.
so when btc drop .pakti altcoin also impact with its own price. even coin like ETH which can be spelled have extraordinary concept still affected of bitcoin price. maybe if there is coin which have a lot feature and platform own can make it happen.
sr. member
Activity: 504
Merit: 251
July 05, 2018, 06:04:00 PM
It is impossible because Bitcoin for crypto is like USD for fiat currencies.

An overwhelming majority of assets can only be exchanged for Bitcoin, they are directly dependent on the situational Bitcoin price.

The majority of Blockchain projects and alternative digital currencies are in a one-sided dependency relationship with Bitcoin. Especially smaller currencies or starting projects are exposed to the partly enormous effects of Bitcoin performance. This can be attributed to the direct trade between Bitcoin and these currencies.
member
Activity: 448
Merit: 10
July 05, 2018, 05:45:52 PM
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.
I think it is possible but it will be difficult to remember so many bitcoin effects on altcoin so from that I tend to think that it is still very long realized unless bitcoin is no longer desirable or possible when there is a coin capable of replacing bitcoin then it can happen
full member
Activity: 728
Merit: 130
July 05, 2018, 05:15:30 PM
I think if altcoins are independent then they will cost less than now. Bitcoin makes altcoins more expensive. Bitcoin. Also Bitcoin sets the motion for the entire market.
newbie
Activity: 210
Merit: 0
July 05, 2018, 04:20:02 PM
in the future, we may see altcoins that will be independent of bitcoin. I don't see such altcoins yet.
sr. member
Activity: 490
Merit: 255
July 05, 2018, 04:18:35 PM
Possibly. If a lot of the coins would stop making trading pairs with bitcoin and instead put their trading pairs into different coins then altcoins can be independent from being swayed by the price of bitcoin. Their dependency on bitcoin is what is keeping bitcoin as the top coin on the market. I do believe there will come a time when altcoins will be independent
member
Activity: 519
Merit: 16
July 05, 2018, 03:44:10 PM
Yes, altcoins can be independent. If Ethereum beats Bitcoin and becomes the first coin in the marcetcap, other altcoins can be independent.
sr. member
Activity: 951
Merit: 250
July 05, 2018, 02:51:04 PM
So can Altcoin break all the relationship from bitcoin and run as a independent currency.

yes but only if they start becoming real independent currency!
so far almost all the altcoins specially all the top coins are not a currency. they are all tools for speculation by traders and have no other use cases. this means only people who want bitcoin invest in altcoins and do it to profit on their bitcoins and when things are bad they dump altcoins because they were temporary means anyways.

They have said altcoin os just a temporary means that might be true to them but not true to us. It will work for a reason to those predictions will just remain for that and also the usage of it is booming. It is also a source of income that can produce a hardwork individual.   

copper member
Activity: 378
Merit: 1
July 05, 2018, 02:43:56 PM
I was a believer that Bitcoin was obsolete and doomed to lose it's #1 spot in 2018 but I ended up learning after being more than 1 year in this space that Bitcoin is and will still be the leading crypto for the next few years.
full member
Activity: 563
Merit: 101
July 05, 2018, 02:42:14 PM
It's very likely BTC will always be around in some shape or form (even if dethroned) and should be in anyone's portfolio. Bitcoin drives the price trend of everything else, has the most developers, most adoption, and most crypto/fiat trading pairs/volume.
full member
Activity: 476
Merit: 102
Kuvacash.com
July 05, 2018, 01:51:37 PM
I think that's changing with USDT coming into the scene. Earlier altcoins didn't have any option other than Bitcoin for pairing with but with USDT things have changed and altcoins are now being paired with it also. This has helped in making the prices of altcoins independent. But a large number of altcoins prices are still tied with that of Bitcoin.
jr. member
Activity: 130
Merit: 2
July 05, 2018, 09:03:50 AM
It's really very difficult. Because all the alcoin are converted into btc or eth. altcoin/btc at the same time the volume of transactions of altcoins very low, can not compare with btc is
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