Topic: Can Altcoin be independent ? - page 5. (Read 808 times)
It will be over time. For example, Ethereum can achieve this soon. It is no longer the effect of Bitcoin on Ethereum pricing. For this reason, there will be altcoins coming from behind.
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.
all alt coins are connected by bitcoin because bitcoin is the parent of this cryptocurrency, it is very difficult if the alt coin wants to be independent because it must beat the bitcoin itself which is already there first and more famous
it takes a long time to rival the bitcoin itself
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.
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.
IMO, this I think is very difficult because altcoin nature is born using the technology of ETH, BTC. The price of altcoins on the market almost depends mainly on trading BTC, ETH. So that altcoins will have to depend on the rates of ETH and BTC and cannot be independent.
I don't think so. Bitcoin has the liquidity and volume which is far above the rest of the coins. That is the primary reason why altcoins cannot be independent. Unless the said altcoin has the same liquidity and trading volume with Bitcoin, it won't be independent.
The moment something becomes independent of Bitcoin it's likely to become the successor in Crypto currency so at that point is it really an Alt or does bitcoin join the list of 'alts'
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.
Maybe, of course, only if bitcoin becomes more popular. Otherwise, there will always be a link to bitcoin, which is more reliable and stable.
because bitcoin is an indicator of faith to cryptocurrence it seem that all alcoins are depends on bitcoin but it is not true.
It may happen, probably, but no soon. In this situation, most altcoins are not belonging to the currency. They are mostly the coins or tokens for some references and based on the other platform. Now, they are dependent on the Bitcoin because the Bitcoin is the most trusted digital currency. Whatever the condition, right now, BTC really influences the altcoins. However for the future, maybe some altcoins can be independent of the bitcoin if they become the trusted 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. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
for now altcoin still tends to stick to bitcoin, although not all alcoe is always based on bitcoin but bitcoine prices affect altcoin. to be independent I was unthinkable because now the bitcoin and altcoin are in a sphere of cryptocurrency which becomes the container of the chair of the species. 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.
Maybe, of course, only if bitcoin becomes more popular. Otherwise, there will always be a link to bitcoin, which is more reliable and stable.
To date, I do not represent such coins. It seems to me that all coins will depend on bitcoin and its movements on the market
They might be able to come out of the shadow of bitcoin in the future but it will not be an easy feat since now they all really on the price of bitcoin
Its very hard in general.But , maybe some altcoins can be independent.BTC effect all altcoins in fact but sometimes it doesn't.
All aldaine directly are highly dependent on bitcoin. While bitcoin is the main cryptocurrency, altcoins will depend on It
Probably not. Many altcoins are developed on the BTC or ETH blockbuster. All altcoins tend to offer the user additional functionality or improve the functionality of Bitcoin, Ethereum. Many of them are liquid (they have where to spend), many provide their owners with profit due to the growth rate. Today, altcoins are undoubtedly an important part of the crypto-currency market, without which it probably can not exist.
Altcoins can one day end up being independent from bitcoin but that might be a long while from now. There is no way to tell when that with happen but as long as all of the altcoins still have their trading pairs with bitcoin then the prices of bitcoin will always affect the prices of all of the altcoins in the market. Maybe it will always be so, maybe not, no one knows for sure
I think that in the future we will see a coin that will not depend on bitcoin.
There are some altcoins that can be independent, even without bitcoin. These are the ones that penetrated into the real business. I think that it is:
- ETH
- EOS
- WAVES
- VEN
- XEM
- XMR
- ZEC
- DASH
- ETH
- EOS
- WAVES
- VEN
- XEM
- XMR
- ZEC
- DASH
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.
Most of altcoins are paired with bitcoin because of cryptocurrency users are bitcoin users as well. Altcoin can be paired with Fiat but who want to buy it? It will be more practical if altcoin is paired with btc. So btc holder can buy altcoins directly without exchange it with altcoin first that will cost more. Jump to: