Can Altcoins do it alone ? - page 3.

Mihaylovic

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Quote from: Wysi on December 02, 2019, 03:32:37 AM

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?

i dont think it is possible without bitcoin. First of all the market is so bearish at the moment. uptrend can begin only with bitcoin. marketcap grow if people start investing in bitcoin. and after a while (when whales, mid. investors thinks that they made enough profit with bitcoin), money maystart to move on altcoins. that may cause to an altcoin bull.

inoes

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it is not possible, however, BTC affects the value of Alt, unless every Exchange does not accept the exchange BTC = Alt, only accepts fiat = alt, then alt will be independent even without the presence of BTC.

BartS

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Quote from: adroitful_one on December 29, 2019, 01:59:58 AM

I think the biggest reason for Bitcoins huge dominance is that people that don't even know what crypto is invest in it whenever they see it on the news. You don't really see the news talking about how Ethereum has went up 30% in the last month. At least not on the regular news stations. Whenever the news says that Bitcoin has returned 100% this year, there will be brand new people coming in to the market and investing in Bitcoin.

This is one of those cases in which we do not know what came first, after all I could make the argument that most people prefer to put their money in bitcoin because it already has a huge market cap and that is what causes its popularity among the media.

But regardless of the reasons behind the popularity of bitcoin it does not seem like this is going to change and independently of what you may think of bitcoin it is clear that bitcoin is by far the best investment this market can offer.

boris singer

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Quote from: asus09 on December 30, 2019, 06:37:15 AM

Altcoin never can do it alone and need support from other altcoin how to back to higher price, need support for all community from bigger altcoin like ethereum, ripple, litecoin and BNB coin to make their season come back again with higher price, don't worry although with lower price right now always have chance to be with higher price.

Market liquidity is formed from various trading volumes, to continue to move in speculation, heterogeneous trading is needed. altcoin still needs bitcoin as a benchmark for long-term prices, but things can be different if altcoin always dominates and lasts longer, so that every altcoin has hope to develop itself because of the influence of market confidence.

Aricoin

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Quote from: Wysi on December 02, 2019, 03:32:37 AM

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?

The reason this happens is because BTC is the gateway. All the trading pairs on major exchanges require BTC. Inevitably, they will rise and fall tied to Bitcoin. What needs to happen is an altcoin that stands alone and offers ease of access and use without any mention of Bitcoin. Something that can infiltrate social media and go viral through use, being it's own marketing engine, becoming a norm without all the stigma attached to the word Bitcoin.

We're trying to do that with Aricoin but we have a long way to go.
https://bitcointalksearch.org/topic/ari-aricoin-2021-909186

asus09

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Altcoin never can do it alone and need support from other altcoin how to back to higher price, need support for all community from bigger altcoin like ethereum, ripple, litecoin and BNB coin to make their season come back again with higher price, don't worry although with lower price right now always have chance to be with higher price.

iv4n

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Quote from: Trela on December 30, 2019, 03:50:15 AM

Quote from: Cnut237 on December 30, 2019, 02:16:47 AM

Altcoins really can't do it alone, not yet, and likely not for a few years. The markets are too thin and confidence is too low. Perhaps we will see the alt season that many have been anticipating, but this needs much higher market confidence. That can be achieved through a prolonged and sustained price rise across the board. So likely bitcoin dominance would either increase or remain similar to now, until we have significantly higher prices. Once that has happened and BTC growth has started to slow, then we see conditions where an alt season can begin.

No, I don't think so! From what I see, Altcoin is now a hole of startup projects, so I can't equate the growth of the value of Altcoin depends on Bitcoin. Ethereum, XRP, XMR, Litecoin, Dash, ... all had a period of value growth without having to depend on the same thing in Bitcoin (early 2017).

With the above listed, I'm convinced that the growth of lone Altcoin with an active community could still happen soon. Look at-in Ethereum community in the next time. It will prove my opinion is right!

Each alt can make some progress on its own, I don't question that. But entire crypto market grows together, all coins contribute, some more some less, and now it is the entire system, connected in many ways. I couldn't imagine crypto without bitcoin, ethereum, litecoin, even a doge coin.

We can learn from this old proverb, for crypto become globally adopted all projects needs to work together, or at least to be connected at some levels. Global adoption should be the main goal for all of us.

Trela

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Quote from: Cnut237 on December 30, 2019, 02:16:47 AM

Altcoins really can't do it alone, not yet, and likely not for a few years. The markets are too thin and confidence is too low. Perhaps we will see the alt season that many have been anticipating, but this needs much higher market confidence. That can be achieved through a prolonged and sustained price rise across the board. So likely bitcoin dominance would either increase or remain similar to now, until we have significantly higher prices. Once that has happened and BTC growth has started to slow, then we see conditions where an alt season can begin.

No, I don't think so! From what I see, Altcoin is now a hole of startup projects, so I can't equate the growth of the value of Altcoin depends on Bitcoin. Ethereum, XRP, XMR, Litecoin, Dash, ... all had a period of value growth without having to depend on the same thing in Bitcoin (early 2017).

With the above listed, I'm convinced that the growth of lone Altcoin with an active community could still happen soon. Look at-in Ethereum community in the next time. It will prove my opinion is right!

Pelunize12

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Quote from: target on December 29, 2019, 08:37:07 AM

Quote from: slaman29 on December 29, 2019, 07:40:38 AM

Quote from: asus09 on December 29, 2019, 03:51:45 AM

Altcoin can do it alone because altcoin price always depend with bitcoin, when bitcoin have lower price altcoin keep with lower price and when bitcoin have raise with higher price some time altcoin keep with lower, when altcoin price keep growing up without care about bitcoin on lower or higher price is the time for altcoin can do it alone.

So altcoins CAN do it alone BECAUSE they're always dependent on bitcoin? You totally realize you've just contradicted yourself right?

You want to know what happens when altcoins try to do it alone? That means cutting off Bitcoin completely? Then please refer to Bitcoin SV. They tried for a while and even Bitcoin Cash tried it but eventually, even they need Bitcoin for people to buy them! Complete bollocks about altcoins pretending they can make it alone.

He must have forgot the "T" on "CAN and this is a usual typo for someone who writes fast to point out his view. Like me, his construction of sentences isn't as perfect for English isn't his native tongue. But I can agree an altcoin can't stand without BTC. Just like ERC tokens can't stand alone without ETH while ETH also is dependent to BTC. IF a token is paired to USD which anyone can buy this token thru credit cards I think it could work on specially if there is really a use case of this token which has demands.

it shouldnt be typo, bcz it is very important. people wont get it what he said.
No matter he is native tongue or not, it doesnt affect at all. bcz this is a basic thing that should consider more.

until this time, altcoin *still* and *always* depends with Bitcoin. I think that is because altcoin as a 'option' by whales
so, the first option is Bitcoin and altcoin is another. whales tends to choose Bitcoin than altcoin makes altcoin depend with Bitcoin.

Cnut237

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Altcoins really can't do it alone, not yet, and likely not for a few years. The markets are too thin and confidence is too low. Perhaps we will see the alt season that many have been anticipating, but this needs much higher market confidence. That can be achieved through a prolonged and sustained price rise across the board. So likely bitcoin dominance would either increase or remain similar to now, until we have significantly higher prices. Once that has happened and BTC growth has started to slow, then we see conditions where an alt season can begin.

udidrone

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basically all altcoins depend on bitcoin price conditions but not for all altcoin, I've seen altcoin able to pump high when bitcoin prices are bad so for me it all depends on the team if the team is able to attract the attention of investor, coin will pump

iamsange

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Quote from: black1ight on December 29, 2019, 11:46:45 PM

It will take time. . Altcoins need more usecases and background adoption to start seperating from btc. . It will happen . . :-) currently all crypto space is in beta phase. .

Maybe like BTC who already get attention from people. But i think the chance maybe only a little since people always think if center of cryptocurrency is bitcoin. Or maybe if bitcoin get really bad situation like something that force people to not use it anymore.

posi

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Quote from: rizkyalhabsy on December 29, 2019, 04:07:05 PM

hmm ... hard to do such thing like that, u know everything started by bitcoin. and from that reason , its seems imposible to alive alone like u say, because its cant be. that from my opinion of course.

Like you said it hard and the hard part is if some bad happen to bitcoin like quench off the market, the altcoins can't completely do it alone because the crypto investors wont trust any other crypto currency since the reason why they into crypto in the first placd have exit the market but if the case was bitcoin reaching the total 21million coins then the altcoin can do it alone

black1ight

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It will take time. . Altcoins need more usecases and background adoption to start seperating from btc. . It will happen . . :-) currently all crypto space is in beta phase. .

Sanitough

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Quote from: DigeNarrator on December 29, 2019, 07:26:05 PM

i think that real utility just like BNB has for example is the key to thrive without BTC..

That wouldn't happen, lack of interest for people to invest in btc will lead to lack on interest on altcoins as well, and Binance might not be able to survive when people are not trading. Every altcoins really depends on BTC and we can clearly see that.

lobo13hf

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Quote from: bustedsynx on December 29, 2019, 10:03:01 AM

Quote from: V1saya on December 29, 2019, 09:19:52 AM

Right now, crypto currencies utilizations are quiet too low. And bitcoin is the leading of all cryupto currencies, being also the first decentralized coin. All altcoins will continue to become dependent by bitcoin price movements until a big percentage of the world starts using crypto currencies.

That is correct and indicative of the budding growth of crypto currencies. The mere fact that the whole space is still nascent means it is actually genrally bullish to invest in coins. Can altcoins do it alone? Not today, but someday when there is actual and real demand.

If you are talking about personally and when that altcoin has a very good fundamental and that means if that altcoin can even do alone. Remember what already aimed by so many altcoins to stand without depends on bitcoin as the main crypto that determine where the market will be going on.

DigeNarrator

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i think that real utility just like BNB has for example is the key to thrive without BTC..
or some enterprise adoption or just some group/company adoption so they believe in the coin and using it even if its just to store value
there are really not many coins with that

rizkyalhabsy

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hmm ... hard to do such thing like that, u know everything started by bitcoin. and from that reason , its seems imposible to alive alone like u say, because its cant be. that from my opinion of course.

reallester

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Altcoin cannot do it alone. This is the sole reason that the altcoins movements have always been in accordance with bitcoin. Therefore, when bitcoin bulls, altcoins follow suits and vice versa.

Ipwich

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Quote from: bustedsynx on December 29, 2019, 10:03:01 AM

Quote from: V1saya on December 29, 2019, 09:19:52 AM

Right now, crypto currencies utilizations are quiet too low. And bitcoin is the leading of all cryupto currencies, being also the first decentralized coin. All altcoins will continue to become dependent by bitcoin price movements until a big percentage of the world starts using crypto currencies.

That is correct and indicative of the budding growth of crypto currencies. The mere fact that the whole space is still nascent means it is actually genrally bullish to invest in coins. Can altcoins do it alone? Not today, but someday when there is actual and real demand.

It was right, not today, not tomorrow but in the coming years. Altcoins still depending on Bitcoin trends, the entire market will suffer decline once Bitcoin demand will decrease. We can't tell when but it gonna be happening in the future, it is all about how the people/investors trusted to altcoins.

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