Can Altcoin be independent ? - page 7.

Orang Tua

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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.

Without Altcoin, Bitcoin probably will not be what it is today. And without Bitcoin, maybe Altcoin would either lose his identity, or at least lose his inspiration. So I think separating it will not make better crypto in the future.

Micerker

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This is not possible because Bitcoin is currently affecting the entire Crypto market. Bitcoin's tendency to influence and determine the overall trend of the market. Altcoin cannot be independent because investors always take Bitcoin as a common starting point.

xandriel

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I dont believe that. Both altcoin and bitcoin are crytpo currency. They likes two kinds of investment assets. If the investors invest in one thing, the other must be down. That is the rule

BTCeminjas

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Quote from: castiloros on May 28, 2018, 12:57:56 AM

the majority of the altcoin always follow the bitcoin. to be able to own of course takes time and processes in order to escape the bitcoin. that certainly must have a strong foundation and a system so can still thrive despite off of the bitcoin. It's not easy because it's been years altcoin always, the programme on bitcoin. but there are certain changes that are expected to occur.

Mostly altcoins are likely followed the price movement of bitcoin so we can't consider these things that altcoins may independent of the bitcoin price. When bitcoin is down the price also altcoins are followed I guess bitcoin and altcoin are relatively priced and connected to each other.

castiloros

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the majority of the altcoin always follow the bitcoin. to be able to own of course takes time and processes in order to escape the bitcoin. that certainly must have a strong foundation and a system so can still thrive despite off of the bitcoin. It's not easy because it's been years altcoin always, the programme on bitcoin. but there are certain changes that are expected to occur.

0t3p0t

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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.

It will only be possible if the dominance of Bitcoin will end and that is hard to tell or speculate. Altcoins will always be dependent to Bitcoin and that is the fact about this cryptocurrency industry. Bitcoin is adopted worldwide and is used by some countries as a payment method that is why it is easy to convert from local currency into Bitcoin then Bitcoin into Altcoins and vice versa.

Hopeman1

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I think it's almost impossible because the whole market is still not mature enough.
When the price of bitcoin fluctuates, it causes other tokens to fluctuate.

GsxR150

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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 do not think it will happen, I mean the market will not let it happen. Because maybe this combination that makes crypto a bit complicated and more interesting to explore.

Sithara007

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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've been talking about this ever since Litecoin was created in 2011. And till now, none of the altcoins have achieved any sort of independence from BTC. The only alt which shows signs of it is Bitcoin Cash (BCH).

rogerjordan07

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Well, it is true that altcoins are being affected by bitcoin price. But altcoins cannot be independent. Eventually they will be dependent on bitcoin all the time.
Roll Eyes

andyward

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yes, Altcoin can break all the relationship from bitcoin and run as a independent currency, but before that market has to be more stable, and altcoins have to be strong enough to rise them up without any support. it will happen i believe.

BogdanGFTP

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No, it can't. It's the same answer as the answer to the question "Can real-estate market of London be independent from real-estate market of San-Francisko or Tokyo".

kma.deno

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Basically all coin is using block chain system & all are not independent. But only the dependent thing for all coins is that every coin depends on demand and supply. But we have also seen that bitcoin price positive affects most of the coin. But we cannot say about the altcoins dependency. But bitcoin is independent in that case.

justin86

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Depending on the coin it might be, but that's very hard and not normal, just like the other markets in the world, all assets are affected by the biggest news though they are not directly affected, crypto is also not mature market.

KuromaYoichi

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Of course they can but it won't happen soon as they will need a lot of time until they have usd pairing. I also hate the fact that alt's price is so dependent to bitcoin situation and it gives me headache when bitcoin is unstable like this as my alt's price will go down. If they have usd pair then they will break free from bitcoin and their price will go up/down according to their development.

lobo13hf

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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.

Because the majority of altcoins are still pegged with the bitcoin pair right now and it will never happen, even the altcoin tries to release the big update and it just give a short term impact to the altcoin itself.
Bitcoin still dominating everything in the cryptocurrency. But it looks so difficult for altcoin to be independent.

keycellko

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It is very tough to all atlcoins to be independent because it's just depending on bitcoin. Most of altcoins aren't strong enough to be independent. Some of it has potential and capability to be independent but cannot beat bitcoin. Also, there are altcoins that are on the rise even if bitcoin is going down. Really, there's no competition in these markets.

Specialforce

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For me it is very tough but doing you altcoin to be independent is slim to none because all of the altcoin is now close to bitcoin and also it will always depend on bitcoin because it is the king of the crypto

greenvally

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No, I don’t think that can happen. The price of Bitcoin has a close relationship with the price of altcoin. So, its price also affects the price of the altcoin.

Shyamnautiyal8

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It will be really tough since bitcoin is the most popular and earliest crypto, it will have a effect on all alts and it will have to be considered. It is the king crypto.

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