Can Altcoins do it alone ? - page 5.

Lanatsa

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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.

We can really see the rate of demand of such project but we when we do talk about market trend then its no surprise that these coins
or projects do really pump out too but it doesnt mean that they would able to stand on their own but we cant say that they do depend with bitcoin
most of the time and this would always matter with demand or support.

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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.

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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.

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Quote from: kodtycoon on December 16, 2019, 01:33:12 PM

Quote from: carlisle1 on December 16, 2019, 01:44:21 AM

because thats the reality altcoin will not have their own way of growing unless there will be a mas adoption from new players and will trust what they are promising in future,remember that whales are manipulating them to the extent that instead of gaining supporters those are going away for being threaten of pumping and dumping scheme.altcoin will have their voices when the right time comes but now?only Bitcoin can dictate what is their future.

apart from many reasons it is clear that altcoins simply cannot do it alone and it is very unlikely to happen, and if we talk about adoption that is very likely to make a coin grow bigger then at least it will happen to bitcoin first because bitcoin is very likely to get greater support in this industry when compared to altcoins as alternative coins

Give it some time! Remember, it took almost a decade when BTC got the limelight in this industry - I mean, in finance industry. So basically, when it comes to altcoins as long as there are a lot of support and adoption from different sector of society for us everything will happen in place.

drlukacs

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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?

I think the alts will automatically grow when investors see it sideway at the long bottom. Like in early 2019, the price of ETH and the top coins are both sideway at very low levels. then about 1 month later, it can grow strongly again. Given the current situation of the crypto market, I think the speculators are looking forward to bitcoin, the upcoming halving event and we will still have to confront the Altcoins bear in the long term until Q3 of 2020.

BartS

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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.

crossabdd

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actually altcoin is also able to make its own pumps. I even thought it was easier. especially shitcoin. but the best pumps only exist in the best altcoin projects. when an altcoin project is consistent with its development and is beneficial to the crypto industry and even the real world. altcoin will continue to increase. because investors will enter it. they will not have an impact on the fall of bitcoin. but during the project there was no update. even like a dead coin. then prices will follow Bitcoin even more.

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Quote from: Shasha80 on December 16, 2019, 07:21:07 PM

In my opinion altcoins will continue to follow the price of bitcoin, because that is the fact. From the beginning bitcoin was created to my
knowledge always dominating the market, this is an indication that there are no other coins that can replace bitcoin until now. According
to coinmarketcap site data bitcoin is still very dominant at 66%. Therefore altcoins can't do it alone, it will always follow the price of bitcoin.
But even so it's not meaningful we must invest all our capital in bitcoin, altcoins are created so that the growth of the cryptocurrency
investment world is healthier. So it is as good also invest your funds not only in bitcoin, but in part in altcoins.

What you say can not be denied by anyone, because bitcoin has become the basis for the growth of all the existing altcoin. it's hard to be able to altcoin not depend on bitcoin and to my knowledge only ethereum has ever escaped from that dependency and had shot quite high. but it can't last very long and come back to dependence on bitcoin. maybe for now it is not yet and whether someday there will be a replacement? difficult questions to answer.

Shasha80

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In my opinion altcoins will continue to follow the price of bitcoin, because that is the fact. From the beginning bitcoin was created to my
knowledge always dominating the market, this is an indication that there are no other coins that can replace bitcoin until now. According
to coinmarketcap site data bitcoin is still very dominant at 66%. Therefore altcoins can't do it alone, it will always follow the price of bitcoin.
But even so it's not meaningful we must invest all our capital in bitcoin, altcoins are created so that the growth of the cryptocurrency
investment world is healthier. So it is as good also invest your funds not only in bitcoin, but in part in altcoins.

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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.

Bitcoin can be said to be the king of all coins in crypto, so I totally agree with the opinion above that bitcoin has become a benchmark for the development of all altcoins.
so bitcoin is very big role for the development of crypto itself so it is very difficult if there is no bitcoin. I haven't thought of a suitable substitute yet.

ubercool

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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.

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Quote from: target on December 16, 2019, 01:42:19 PM

I haven't seen it yet which altcoin is independent to BTC as of now. ETH almost make it though. The fact that it has its own market where the tokens are paired to ETH. DEX are often base on ETH too such as etherdelta and IDEX. Given time like 5 years from now, it may appear that tokens like ETH, EOS and TRON might just have be semi independent to BTC.

ETH is about the only coin that I can see ever becoming it's own independent currency anytime soon. It would require us starting to see ATM's like we have for Bitcoin but for ETH instead almost everywhere and a lot more adoption of ETH as a payment option. But, it is certainly something that could be possible in the future. The biggest thing is being able to easily buy ETH with USD from many different places and take Bitcoin completely out of the equation.

target

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I haven't seen it yet which altcoin is independent to BTC as of now. ETH almost make it though. The fact that it has its own market where the tokens are paired to ETH. DEX are often base on ETH too such as etherdelta and IDEX. Given time like 5 years from now, it may appear that tokens like ETH, EOS and TRON might just have be semi independent to BTC.

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Quote from: carlisle1 on December 16, 2019, 01:44:21 AM

Quote from: patz22 on December 15, 2019, 08:42:34 PM

It is possible as long as people or new players will get to know these altcoins in the market but as of right now, altcoins will remain dependent to BTC as it is still the main crypto. Try to ask a random person and ask about Crypto, what will they answer or tell you? They only know bitcoin and that's it! Makes sense I believe

because thats the reality altcoin will not have their own way of growing unless there will be a mas adoption from new players and will trust what they are promising in future,remember that whales are manipulating them to the extent that instead of gaining supporters those are going away for being threaten of pumping and dumping scheme.altcoin will have their voices when the right time comes but now?only Bitcoin can dictate what is their future.

apart from many reasons it is clear that altcoins simply cannot do it alone and it is very unlikely to happen, and if we talk about adoption that is very likely to make a coin grow bigger then at least it will happen to bitcoin first because bitcoin is very likely to get greater support in this industry when compared to altcoins as alternative coins

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Quote from: Free1bitco.in on December 16, 2019, 02:20:05 AM

Quote from: cassavachips on December 14, 2019, 12:17:18 PM

Indeed bitcoin will always affect the altcoin market because bitcoin is the center, but not all altcoins follow the movements of bitcoin because those who follow the majority of bitcoin movements are major coins. Usually, altcoin can pump itself when alt season occurs

yes, basically altcoin can indeed go up by itself without the help of bitcoin. but to maximize the increase, sometimes altcoin needs a boost from bitcoin. so, when the bitcoin price starts pumping, the altcoin price can also go up. but for individual increments, development of the project concerned with a specific altcoin is required.

Because altcoin is easily controlled by developers, so it can go up at any time if they want it to be pumped, but on average now relying only on market conditions means it will be centered on bitcoin as well, Bitcoin has increased by only about 10% then altcoin can go up more than that's because altcoin jumps at the pump only briefly never last long.

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Quote from: d3nz on December 15, 2019, 01:36:17 PM

I think some altcoins doesn't follow the fluctuation of the market and the value will or the equivalent will stay the same as ewual to bitcoin. And the majority will surely be affected and go with the flow when the market is really going down.

Therefore, we just only need to invest and make a research of thr best altcoin that even the market is in crisis we can still make a profit out of it.

You and everyone else can think whatever you want to think,,, but the fact is simply. Altcoins are altcoins, they do not have their own strength to make their own markets yet and so have to follow the fate of bitcoin no matter what. Even the Top 5 alts who sometimes can follow their own trends eventually have to sit tight together with Bitcoin.

Many more years is needed before alts can break away from BTC influence.

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Quote from: cassavachips on December 14, 2019, 12:17:18 PM

Indeed bitcoin will always affect the altcoin market because bitcoin is the center, but not all altcoins follow the movements of bitcoin because those who follow the majority of bitcoin movements are major coins. Usually, altcoin can pump itself when alt season occurs

yes, basically altcoin can indeed go up by itself without the help of bitcoin. but to maximize the increase, sometimes altcoin needs a boost from bitcoin. so, when the bitcoin price starts pumping, the altcoin price can also go up. but for individual increments, development of the project concerned with a specific altcoin is required.

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Quote from: patz22 on December 15, 2019, 08:42:34 PM

It is possible as long as people or new players will get to know these altcoins in the market but as of right now, altcoins will remain dependent to BTC as it is still the main crypto. Try to ask a random person and ask about Crypto, what will they answer or tell you? They only know bitcoin and that's it! Makes sense I believe

because thats the reality altcoin will not have their own way of growing unless there will be a mas adoption from new players and will trust what they are promising in future,remember that whales are manipulating them to the extent that instead of gaining supporters those are going away for being threaten of pumping and dumping scheme.altcoin will have their voices when the right time comes but now?only Bitcoin can dictate what is their future.

patz22

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It is possible as long as people or new players will get to know these altcoins in the market but as of right now, altcoins will remain dependent to BTC as it is still the main crypto. Try to ask a random person and ask about Crypto, what will they answer or tell you? They only know bitcoin and that's it! Makes sense I believe

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There will definitely be many altcoins that will never rise again even if Bitcoin reaches the new ATH. However, I think some of the top10 have a chance to break away from the Bitcoin price and set its own price. In my opinion, Ethereum has the greatest chance, but first let's see if hardfork succeeds.

Topic: Can Altcoins do it alone ? - page 5. (Read 2417 times)