Can Altcoin be independent ? - page 4.

marados

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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.

I started trading cryptocurrencies one year ago, and till now I think that altcoin dependence on BTC is slowly falling. It used to be alot more dependent, but as BTC dominance is falling, it gets more and more independent. So as the time will pass I think the moment will come and it should when altcoin markets wont solely depend on BTC market.

surgical_duude

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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.

If it can, the market will change completely. But I think that is difficult to happen. As you see, altcoins are too dependent on ETH (erc20, smart contract, ...). If it can break the relationship with the BTC, it still depends on ETH. Nowadays, many coin have technology independence (XRP, NEO,..), they are gradually becoming independent.

Rlyn

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In my opinion altcoin will become independent if it will be recognized and accepted by wallets like bitcoin and ethereum.

cryptogeek101

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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.

At time goes on altcoins might have an independent measurement in price relationship from bitcoin, however presently every altcoins depends on the market price of bitcoin because it's the base currency which is use for measurement.

baricuri

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I do not really understand it altogether, but if altcoin is independent of the world economy then it is a very good investment for the investor, it will be a black market and will be a lot of calculators. bad advantage.

coin5haker

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I hope so, will be much more difficult to manipulate of Top 20 CMC coins rather than one bitcoin. I hate that price fix to satoshi value and all market goes to shit together with bitcoin. Now bitcoin is like 20% of my cryptoportfolio but I might just change everything to bitcoin if everything still be tightened to BTC.

GUNGUN12

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Quote from: kripkiki12 on July 05, 2018, 07:57:45 AM

Although most of the altcoins do depend from Bitcoin, it is not always the case. If you take a utility coin with own price, that should not really be affected from BTC. For example in a closed ecosystem, where token are only to serve a certain purpose within one platform, it should only depend from how many people are willing to use that particular platform and how much they would pay for a token.

But I think it's possible.
Because Btc has always been the point of entry of everyone to trade with altcoin. But there are exchange sites that have eth and even fiat as trading partners for altcoin. So I think it will eventually change in the future. For the time being, we more often trade our alts with bitcoin. and later there are many exchanges that have fiat for trading pairs alts.

kripkiki12

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Although most of the altcoins do depend from Bitcoin, it is not always the case. If you take a utility coin with own price, that should not really be affected from BTC. For example in a closed ecosystem, where token are only to serve a certain purpose within one platform, it should only depend from how many people are willing to use that particular platform and how much they would pay for a token.

11:11pas

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Yes I think altcoint can stand on its own but not all of them, ethereum may stand on its own because this coint is stronger among other altcoints, but it is hard to predict we will see the next few years what all altcoint can stand alone or not

bogdasha07

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I think that at the moment it is practically impossible, but I still believe that in the future with wider adoption altcoins will get more freedom and independence.

DumbLefty

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There is no course because of how the price of bitcoin changes depends on the price of all altcoins.

Fedoracoins

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It seems to me that this is very unlikely. To date, there is simply no such steep altcoin that he was able to abandon bitcoin. I am sure that we will see a strong bitcoin on which all altcoins depend for a long time. It is possible to replace bitcoin someday might come to an Ethereum.

Ewox

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I think some coins are connected with bitcoin because of trading purposes but some coins are actually independent in some way like Ethereum and Waves which has their own blockchain. Its just that people prefer using bitcoin as their main currency thats why these altcoins somehow rely on bitcoin.

longwintershere

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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.

we need more stablecoins for that. I have seen many activities in this field recently, that should significantly help altcoins to go more independent from bitcoin. Time will tell

caugiay074

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I hope all altcoins will be independent one day. But surely it will take a long time. I believe when all transactions will be completed by different alt coins, it will be started to be independent.

Magami

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Of course it can, but there's not much of them that independent right now. Almost 40% of altcoins is bonded with bitcoin.

Megashaw

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Altcoins value are connoted in satoshi and unless we see a project with an ideai that can disrupt this trend till then altcoins value won't be fully independent of bitcoin price.

miracle24

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As long as btc is the base currency and alts been traded against it, then they will never be free from btc. The best that would happen is move away from its dominance.

Thian778

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When I look on the graph carefully there are times when some altcoin increases their value even though the Bitcoin is on the drop moments, it means aside from Bitcoin uplifting the altcoin sometime altcoin become independent on their increase if some buyer are there to buy that altcoin...

Lpim01

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Quote from: edgycorner on June 04, 2018, 06:25:26 PM

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.

Yeah, they are just in trading pairs but it also affect the entire market price. It is commonly observe that once bitcoin price fall, altcoins will follow then. Isn't time to say that altcoins are all along of becoming an independent but it surely happen next once crypto market is fully established.

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