Can Altcoins do it alone ? - page 4.

bustedsynx

sr. member

Activity: 859

Merit: 251

Quote from: V1saya on December 29, 2019, 10:19:52 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.

V1saya

hero member

Activity: 1050

Merit: 508

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.

deathcode

copper member

Activity: 1428

Merit: 253

Eloncoin.org - Mars, here we come!

Quote from: target on December 29, 2019, 09:37:07 AM

Quote from: slaman29 on December 29, 2019, 08:40:38 AM

Quote from: asus09 on December 29, 2019, 04:51:45 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.

there is a possibility when altcoin moves on the market not based on the movement or support of bitcoin. because they have a community that can move their prices on the market. moreover, there is a USDT and fiat exchanges might be able to boost altcoin if there is no support from bitcoin that pioneers crypto market trading.

target

legendary

Activity: 2282

Merit: 1041

Quote from: slaman29 on December 29, 2019, 08:40:38 AM

Quote from: asus09 on December 29, 2019, 04:51:45 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.

OrangeII

hero member

Activity: 2072

Merit: 503

Quote from: slaman29 on December 29, 2019, 08:40:38 AM

Quote from: asus09 on December 29, 2019, 04:51:45 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.

LOL, this is a little complicated. if it depends on bitcoin, then altcoin cannot do it alone. maybe he wrote the correct sentence wrong.
however, in general, the altcoin will go up when bitcoin prices go up, the same as now. if the price of bitcoin goes down, then the price of altcoin will go down. but for special circumstances, the price of an altcoin can develop on its own, like developing something new, or something like that. but to see a real rise, it requires a boost from bitcoin.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: asus09 on December 29, 2019, 04:51:45 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.

asus09

sr. member

Activity: 1344

Merit: 270

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.

adroitful_one

legendary

Activity: 1568

Merit: 1041

1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

Quote from: Magkirap on December 27, 2019, 11:54:48 PM

Quote from: BartS on December 27, 2019, 12:39:49 AM

Quote from: matchi2011 on December 21, 2019, 02:06:01 AM

Quote from: ePesoInitiative on December 21, 2019, 01:19:46 AM

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also
take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment.

It is true that when the market is going up similar assets have a tendency to move together but this tendency is even greater in the market of cryptocurrencies because as we know a substantial amount of the projects are just copies of bitcoin which means that they are heavily dependent on the behaviour of bitcoin for their progress.

And that is a problem because everything depends on the fate of one single coin and when bitcoin is not doing well then the whole market is not doing well.

Well it is because no other altcoin can keep up or meet what bitcoin can do now so altcoin's behavior and price will really be dependent on what is happening with bitcoin and indeed almost every altcoins is copied or have the same system as bitcoin has so no doubt why altcoins move depend on what move bitcoin has but i think it will not stay that way always, we are innovating and so do altcoins so maybe there will be some innovation that will happen to altcoins that can chage the way it is.

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.

Magkirap

sr. member

Activity: 896

Merit: 267

★Bitvest.io★ Play Plinko or Invest!

Quote from: BartS on December 27, 2019, 12:39:49 AM

Quote from: matchi2011 on December 21, 2019, 02:06:01 AM

Quote from: ePesoInitiative on December 21, 2019, 01:19:46 AM

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also
take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment.

It is true that when the market is going up similar assets have a tendency to move together but this tendency is even greater in the market of cryptocurrencies because as we know a substantial amount of the projects are just copies of bitcoin which means that they are heavily dependent on the behaviour of bitcoin for their progress.

And that is a problem because everything depends on the fate of one single coin and when bitcoin is not doing well then the whole market is not doing well.

Well it is because no other altcoin can keep up or meet what bitcoin can do now so altcoin's behavior and price will really be dependent on what is happening with bitcoin and indeed almost every altcoins is copied or have the same system as bitcoin has so no doubt why altcoins move depend on what move bitcoin has but i think it will not stay that way always, we are innovating and so do altcoins so maybe there will be some innovation that will happen to altcoins that can chage the way it is.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: matchi2011 on December 21, 2019, 02:06:01 AM

Quote from: ePesoInitiative on December 21, 2019, 01:19:46 AM

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also
take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment.

It is true that when the market is going up similar assets have a tendency to move together but this tendency is even greater in the market of cryptocurrencies because as we know a substantial amount of the projects are just copies of bitcoin which means that they are heavily dependent on the behaviour of bitcoin for their progress.

And that is a problem because everything depends on the fate of one single coin and when bitcoin is not doing well then the whole market is not doing well.

nhbaonghi

newbie

Activity: 19

Merit: 1

It is really difficult for an altcoin to pump without the help of bitcoin, most of crypto investors also use altcoins to accumulate more bitcoin. However, I also see some altcoins significantly pump without the effectiveness of the price of bitcoin i.e: EGT , they pumped ~ 200x as I remembered, but I think that just pump and dump strategy from their devs. In overall, I dont think altcoin price can be increased as long as bitcoin is still in its downtrend

cunguks

full member

Activity: 854

Merit: 101

Polkadog - Multi-Chain Defi Meme

Quote from: coin_1122 on December 21, 2019, 01:48:13 AM

If the market situation like this, it is impossible to predict the altcoin situation, for the past 1 year we are seeing a complete downtrend for the altcoin. As of now, the market situation is changing and it will help the altcoin to increase their prices in the coming days. We shouldn't lose our hope because any time there is a chance for altcoins to increase their prices.

the past year is the trend down? Is that true? if you look from 2017 maybe that's right. but if you look at trading trends from the beginning of this year I think it's better with the declining conditions that have occurred altcoin can survive in the market and not disappear. now we see altcoin with strong potential in the market. and we are just waiting for the moment of the market pump. at that time we will see a good altcoin.

bettercrypto

sr. member

Activity: 1372

Merit: 269

★Bitvest.io★ Play Plinko or Invest!

Quote from: Wysi on December 02, 2019, 04:32:37 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?

Altcoins themselves can grow without bitcoin. But take a look at this simple logic, if bitcoin did not exist do you think altcoins will be invented also? Maybe 1% chance since Satoshi made the decentralisation and new type of currency using technology. A peer to peer network that connects people all over the world. Therefore, altcoins depend on the success of bitcoin.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: ePesoInitiative on December 21, 2019, 01:19:46 AM

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also
take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment.

coin_1122

full member

Activity: 1134

Merit: 102

If the market situation like this, it is impossible to predict the altcoin situation, for the past 1 year we are seeing a complete downtrend for the altcoin. As of now, the market situation is changing and it will help the altcoin to increase their prices in the coming days. We shouldn't lose our hope because any time there is a chance for altcoins to increase their prices.

ePesoInitiative

sr. member

Activity: 924

Merit: 260

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: drlukacs on December 16, 2019, 11:45:51 PM

Quote from: BartS on December 16, 2019, 11:20:01 PM

Quote from: Wysi on December 02, 2019, 04:32:37 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?

Altcoins can move independently from the price of bitcoin but for that they need very specific circumstances, they need the price of bitcoin to be stable but they also need a positive atmosphere so investors are willing to take risks, and when you understand those two factors then you can easily see that we do not have the necessary factors to see an altcoin season.

The price of bitcoin is not stable, it is going down and because of it people are not really positive about the short term prospects of the market and that is slowing down the market of altcoins.

it's entirely based on the supply and demand of the market, not the stability of bitcoin. Bitcoin has been stable for quite a few days now, but the alts have not moved up, which is saying that the demand for buying alts is not much, they are paying more attention to bitcoin. The Halving event has made bitcoin hotter and so is the alts market, it needs something that can appeal to investors to invest in it. for example, top alts offer good news about their new partner or superior technology products.

The price of bitcoin has not been stable at all just recently there was a huge movement, but when I talk about stability I think that you misinterpreted what I meant, the price of bitcoin needs to remain stable not for days but for months before we have any chance of seeing a growth in the market of altcoins.

If the price of bitcoin keeps moving then investors do not really have any need to look for any alternative investment because they can always hope that bitcoin will give them the profits they are looking for.

[email protected]

full member

Activity: 1120

Merit: 101

Quote from: okala on December 17, 2019, 04:07:00 PM

Since January 2018 some of the altcoins has been going down and there is no hope for there recovery. I have decided that any of my holding that appreciate a little I am going to sell them and convert them to bitcoin as it seems no hope for recovery.

as long as the market is still in a state like this, of course, it will be difficult for an altcoin that does not have strong market power to survive and grow. of course, the hope is that the value of bitcoin is improving. but not for now with the declining bitcoin market conditions and of course it will not be good for an altcoin. if you now switch to bitcoin I guess that is the right choice. because I also do the same thing with the altcoin that I have.

okala

full member

Activity: 980

Merit: 114

Since January 2018 some of the altcoins has been going down and there is no hope for there recovery. I have decided that any of my holding that appreciate a little I am going to sell them and convert them to bitcoin as it seems no hope for recovery.

tianglistrik

sr. member

Activity: 626

Merit: 250

Quote from: pajak666 on December 17, 2019, 06:46:43 AM

Quote from: ubercool on December 16, 2019, 02:15:54 PM

I don't think there will be any Altcoin alive if there is no Bitcoin. Every Altcoin is running on the basis of Bitcoin. People rarely bought alts without buying Bitcoin. So there will be no existence of them.

BTC is basically the only backing of altcoins as for now. It is the only real reason the rest of them may exist. As for now it's purely speculation and people trying to leverage their profit on phenomena called BITCOIN. Unless other networks grow big and stable and there is a lot of adaption they will be btc's bitches.

in fact that altcoin in price is still influenced by bitcoin prices, so to make altcoin grow by itself will be difficult because altcoin is always under bitcoin

Topic: Can Altcoins do it alone ? - page 4. (Read 2417 times)