Pages:
Author

Topic: Can bitcoin kill maximum alt coins? (Read 1734 times)

legendary
Activity: 1652
Merit: 1057
November 26, 2017, 03:13:12 PM
#93
Altcoins are mainly a good trading option for daily profits. When the volume goes to BTC, altcoins are mainly dumped. I think Bitcoin won't kill altcoins, however BTC domination is only increasing.
For some sharp profits though and picking them up at dips, altcoin still is a very cool way to make profit. Asides that, the best way to hold altcoin most especially when it comes to trading is to never hold them for too long as bitcoin's bull trend is just something we will keep seeing for now and there is no way altcoins can easily have a chance to get boost as long as this keeps happening.
sr. member
Activity: 546
Merit: 290
November 23, 2017, 04:49:58 PM
#92
Every coin has the own role in the cryptocurrency. Therefore, Bitcoin can't kill alt coins.
sr. member
Activity: 700
Merit: 300
November 23, 2017, 12:51:06 PM
#91
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?

I do not think that it can happen. Because it depend on the coin itself and how much supporter it has got. Now in any point there will be no case where the coin is not being supported by anyone and all of them ran away to get more bitcoins, this is not going to happen so as to things can't get worse with altcoin.

Bitcoin is different thing or different part of investment and just because it is going very high doesn't mean people will leave or abandon the alt coins completely. There are so many ways coins can be invested and this will keep going on ever and ever over the time and thus no coin will get dumped to death if it is in the top 50-100 lists. Thats for sure.
hero member
Activity: 1190
Merit: 534
November 23, 2017, 12:35:44 PM
#90
Nope! Many altcoins will die because of natural the death and I don't see the role of Bitcoin in such incidents. Bitcoin has a large number of chances to survive in the market as compared to the newly launched alt-coins due to one or more reasons. It is the fact that Bitcoin has some advantages as compared to that of not only the traditional fiat system but also most of the alt-coins and we can not label it as the opportunity loss of alt-coins due to Bitcoin.
hero member
Activity: 966
Merit: 506
November 23, 2017, 12:03:13 PM
#89
Bitcoin never kills other alt coins.Bitcoin always lead role in cryptocurrency market. There are so many altcoins in the crypto market but each one have its own value and community.

If bitcoin kills all alts, its own value and existence will be at stake. Most people only buy bitcoin for trading with altcoin and if there is no altcoin then there will be no trading and i think many people will sell the bitcoins. So these is no chance of bitcoin killing the alts.
hero member
Activity: 3122
Merit: 672
www.Crypto.Games: Multiple coins, multiple games
November 23, 2017, 09:28:04 AM
#88
Bitcoin is still king of crypto and almost all of altcoin's price depend upon bitcoin's price so they will also fluctuate everytime when bitcoin moves a bit. Situation for altcoin get even worst when bitcoin will pump hard in very short time, people will jump back into bitcoin by selling their alts for bitcoin which will just make altcoin price to dump harder during bitcoin pump.

But not every alts get affected heavily during such pump, only few of alt might survive in future.
That is one crazy trend that we will keep seeing as time goes on which has even made me to start thinking of just abandoning alts at any slight chance I get now and concentrating more on just bitcoin to USDT trading since it seems to me to be more of a profitable way right now than having to worry so much about the value of some altcoins being affected by the bull run of bitcoin.

When we consider the core applications of cryptocurrencies then I doubt of most of the altcoins. If this is true then definitely bitcoin will kill maximum altcoins.
member
Activity: 168
Merit: 47
November 22, 2017, 09:10:53 AM
#87
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?

Recently bitcoin price is unpredictable by increasing its value.
It can dump altcoin price very bad if convert to bitcoin. But if convert to fiat like $ is not so much different. So bitcoin will not kill altcoin market.
sr. member
Activity: 568
Merit: 250
November 22, 2017, 08:21:09 AM
#86
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
Although the market of other altcoins is dumping without any pump in btc prices but if we take a closer look we will find that after a while they became stable and the point of vanishing the altcoins or other cryptocurrency by bitcoin seems not possible as they have their own value and everyone cannot trade in bitcoin because of its price comparitavely and at the same time bitcoin needs other coins for transaction and smooth working so they coordinate with each other.So there seems no logical explanation of eradicating the altcoin market which constitute billions of dollar by bitcoin.But who knows what happen next as future is always is uncertain.
As market of altcoin is already red bitcoin take them to the earth and if the same scenario continues altcoins will be wiped out, now as bitcoin has high fame and a lot of investor there is no chance that people will go for any other coin because bitcoin profit rates are very high and altcoin are already suffering due to high rates of btc and if unfortunately price of btc come down then there will be a chance for rise of alts.


I think no bitcoin can not kill maximum altcoins in a marketcap, my point of view is altcoins represent the token that was made in different country because they are preparing for fiat money to replace with digital currency. So most probably it takes time to settle it but thats my point of view that soon to be a digital currency would be a second money or gonna be a digital currency that used it.
hero member
Activity: 2534
Merit: 586
November 22, 2017, 07:52:18 AM
#85
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
Although the market of other altcoins is dumping without any pump in btc prices but if we take a closer look we will find that after a while they became stable and the point of vanishing the altcoins or other cryptocurrency by bitcoin seems not possible as they have their own value and everyone cannot trade in bitcoin because of its price comparitavely and at the same time bitcoin needs other coins for transaction and smooth working so they coordinate with each other.So there seems no logical explanation of eradicating the altcoin market which constitute billions of dollar by bitcoin.But who knows what happen next as future is always is uncertain.
As market of altcoin is already red bitcoin take them to the earth and if the same scenario continues altcoins will be wiped out, now as bitcoin has high fame and a lot of investor there is no chance that people will go for any other coin because bitcoin profit rates are very high and altcoin are already suffering due to high rates of btc and if unfortunately price of btc come down then there will be a chance for rise of alts.
hero member
Activity: 840
Merit: 500
November 17, 2017, 07:33:25 PM
#84
All other coins are getting dump because everybody is just buying and holding bitcoin as they are planning it for long term profit. A coin gets its pump when someone puts a more than 10 btc buy wall and that much large buy order will gets it pumped.
Yes that is right that bitcoin has a great impact on the price of other altcoin. But still i think there are some altcoin who have good potential and people still want to invest money there. therefore i think that bitcoin is effect altcoins but some altcoin still can survive in a good position as people still interested  to  trade such altcoins.
hero member
Activity: 644
Merit: 500
November 17, 2017, 01:56:29 PM
#83
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?

Maybe for some altcoin will feel the impact of soaring bitcoin prices and there may be some who will destroy. And now we should be able to choose altcoin if we want to invest
It is normal for some altcoins not to survive at the end and that totally depends on the developers themselves. Some coins have no project really backing them up and they are just there to populate the market for no reason without any support. Those are the coins that cannot always see the light of day most times when things go wrong. No one even wants to hold a shit coin without many activities anymore.
hero member
Activity: 560
Merit: 500
November 17, 2017, 01:20:53 PM
#82
All other coins are getting dump because everybody is just buying and holding bitcoin as they are planning it for long term profit. A coin gets its pump when someone puts a more than 10 btc buy wall and that much large buy order will gets it pumped.
hero member
Activity: 743
Merit: 500
November 17, 2017, 12:34:03 PM
#81
bitcoin can and will kill maximum altcoins because these coins base their value off of bitcoin. Not only do they base their value off of BTC but they only exist because of the shortcomings BTC is currently experiencing, which is normal for a consensus network aiming to serve a global market. Once BTC scales to become a payment system and the Grin blockchain with the Grin currency is here it will replace all other altcoins eventually.
but it will always depends on the situation but why they want to kill altcoin if altcoin really under estimate for what is bitcoin why they let altcoin been created we know that altcoin has it own role in the cryto currency so , if bitcoin wanted to kill altcoin at first it was done but it was not and let altcoin exist.
sr. member
Activity: 490
Merit: 255
November 17, 2017, 12:23:04 PM
#80
bitcoin can and will kill maximum altcoins because these coins base their value off of bitcoin. Not only do they base their value off of BTC but they only exist because of the shortcomings BTC is currently experiencing, which is normal for a consensus network aiming to serve a global market. Once BTC scales to become a payment system and the Grin blockchain with the Grin currency is here it will replace all other altcoins eventually.
full member
Activity: 238
Merit: 100
November 17, 2017, 10:05:36 AM
#79
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
This is not possible for it to destroy any altcoin. Any altcoin is destroyed depending on and trader and blue whale.
full member
Activity: 504
Merit: 100
Option Blitz
November 17, 2017, 09:59:50 AM
#78
Bitcoin and altcoins are different. However, if all investors only invest in Bitcoin, altcoins can't increase.
legendary
Activity: 2383
Merit: 1551
dogs are cute.
November 17, 2017, 08:37:11 AM
#77
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
No. It cannot, understand these pumps and dumps just like the stock market. Bulls and bears buy or sell in order to make the markets volatile and for their own benefit. These altcoins will get pumped and dumped, and after sometime again the same thing will happen. Altcoins are the essence of trading and if most of them die, then the markets would become nothing but shit.
Pumps and dumps happen all the time, that's how trading works and if people are scared to invest in anything then let them just keep the money idle.
full member
Activity: 373
Merit: 100
November 17, 2017, 08:25:44 AM
#76
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?

Well this run can't go on forever. Alts will be there are would survive this btc surge. They've done all the time and were able to regain footing again even after the price of btc shot back up
Since bitcoin starts to rise there is all red in the market of altcoin and this is the alarming situation of altcoins investors and all they are doing that they are cashing out their money and they are waiting for the dump for bitcoin so that they can invest into bitcoin and yes bitcoin is killer of altcoin market because it has diverted the attention of other coin investor toward itself and this is the best for the bitcoin investor,
The best coin for trading as a beginner is always those that have low prices in the market because even if you will lose, the chances of the recoverable profit are more.

Trading is not an easy task at all and one has to be experienced until or unless he could manage to use the bitcoins or ethereum for the same purposel all you can do is to search the internet for the coins that are most suitable to you for the sake of trading because the prices are all time available on the internet.
In my own point of view bitcoin is the foundation to most of the existing coins nowadays, and i certainly believe that when bitcoin is surging upwards the altcoin market becomes bloodbath but surely it will go up again because each of those who are existing has its own purpose why it is created, and although trading is a bit complicated and stressful you must choose wisely among lots of coins in the market.
full member
Activity: 854
Merit: 108
November 17, 2017, 08:07:07 AM
#75
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?

No, there is no reasons and chances that bitcoin will kill altcoins because all coins will just depend of investors in which the law of supply and demand applies. If no more investing to a certain altcoin it will become supersede and going to crap but because some investors are can't afford the current price of bitcoin in which it is very expensive to purchase some of them will shift to bitcoin because of the cheaper price and this will make altcoin will stay alive.
sr. member
Activity: 882
Merit: 269
November 17, 2017, 07:59:00 AM
#74
Bitcoin can kill maximum altcoins because Bitcoin can survive without help from altcoins market and because of this if we may ignorantly destroy altcoins.I have been noticing that altcoins has been getting dump when bitcoin is getting pumping and also getting dumping when bitcoin is getting dumping.
Pages:
Jump to: