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Topic: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? - page 2. (Read 521 times)

LuciferEveningStar

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Quote from: Kakmakr on May 19, 2018, 04:48:58 AM

I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.

Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?

Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this.

Do you think this is Good or Bad for Bitcoin, when this happens?

new cryptocurrency means there will be new competitor in the market, it only means that the community of cryptocurrency is keep on growing and there are more people who are interested on bitcoins more than fiat.

Osakrita

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Having new altcoins is good for the crypto economy,much of the wider awareness of bitcoin in recent times can be traced in parts to the proliferation of ICO projects.I think having new altcoins has a positive impact on the price of bitcoins.It draws more funds to crypto and some of those funds eventually end up in bitcoins.

raven7886

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Quote from: Nahl on June 03, 2018, 10:09:47 AM

new altcoins can appears but there is no guarantee those altcoins will survive more than bitcoin even though those altcoins popular but for long term still bitcoin the best cryptocurrencies to hold however i think this is good for bitcoin because possibly the people who buy altcoin also can consider to buy bitcoin as their asset too and if this is happened then i think we will find new investors for bitcoin

That is the case but the fantastic part of it is that they have at least in a way been able to help the whole space grow. Sure, a lot of people invest in the crypto space for different reasons, and having bitcoin alone in this space, would actually have made things boring or slow a little bit.

As long as there are alternatives, even though they do not stand a chance of competing with bitcoin due to the first movers advantage, but at least they serve their own purpose, and they are useful in their own area, which I believe bitcoin cannot end up having it all, or probably, we could have just been dragging with growth and development somehow.

wxa7115

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Bitcoin is GOD

Quote from: pey on June 07, 2018, 06:50:58 AM

All of them are good for bitcoin because they attract more money to the market which is good for bitcoin, they can't be higher than bitcoin in terms of market cap.

I'm not so sure that many of those altcoins are bringing new money to the market, most of all the money currently invested in cryptocurrencies is invested in the top 20 coins, if the other projects were that good and were able to bring benefits to the community we will see a more fair distribution in the amount of money invested in them but since it is not the case it is fair to say they do not really bring too much to the community.

laravuemaster

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When Football meets Crypto

Quote from: Kakmakr on May 19, 2018, 04:48:58 AM

Every cryptocurrency that is newly circulated in the market is good for bitcoins because in this way, the competition in the market will keep on growing and we can expect a better future for bitcoins.

pey

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Free Crypto in Stake.com Telegram t.me/StakeCasino

All of them are good for bitcoin because they attract more money to the market which is good for bitcoin, they can't be higher than bitcoin in terms of market cap.

Ricche

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I don't have any negative marking for them. All of them are really good coins and have good reputation in the market. I also know about about SciCoins a little bit. Though this is new project but result oriented and effective.

okala

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New blockchain coins and altcoins are good for bitcoin and even our society as only bitcoin cannot service humanity. If those coins are not there bitcoin could have not gotten the acceptability and pricing it is having now. I think we also need most of the tokens except the scam one.

LuffyD.Monkey

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Quote from: andriarto on June 02, 2018, 03:47:27 PM

Quote from: kimochidesh on May 30, 2018, 03:05:52 PM

I don’t think so the Altcoin have such an impact on Bitcoin. Bitcoin has been in operation since 9 long years and no Altcoin has been able to affect it, neither in good way or bad way. So many new Altcoins are being launched but I don’t see that they will have a substantial impact on Bitcoin. It is more affected by the demand and supply factors, manipulations by whales or the type of news in the market.

different with me, with the number of new altcoins, bitcoin market gets crowded so that btc demand is increasing, and this is one of the driving factors for rising btc prices, as we saw in 2017

They somehow are dependent on one another. If the bitcoins are going crazy, altcoins start craziness too and vice versa. So if this case if valid then we can consider the interdependency of these two type of coins. Yes if altcoins gets saturated in market, it might be possible that people start looking into that, more than of bitcoins. They might be buying them because they are cheap.

Nahl

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rainezerr401

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Quote from: Kakmakr on May 19, 2018, 04:48:58 AM

Cryptocurrency that is running in the market are good because it only means that the market will have more competitors and because of that you can rely that cryptocurrency will not die in the future.

frowsiter

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Quote from: Nicol3 on June 02, 2018, 06:18:43 PM

I think its good for bitcoin because most of the newly created coins now are in ethereum blockchain amd it made no difference to ethereums price in the market so in bitcoins case, I dont think there is a threat if alrernate coins are created in bitcoins blockchain.

Yeah this is also very much true. As ICO's are forming day by day but with no real progress in the ETH platform as they dont really contribute to the value. If they would have increased the value of ETH then it could have had bad effects on the BTC as most of the people would have gotten attracted towards the ETH more.

This would have been really bad for the bitcoin economy. Thankfully there is no progress in the ETH value due to ICO's!!

They are anyway different sphere so lets not get worried about because of the altcoins.

HolderLoo

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in the general development trend of the crypto market and the blockchain industry. In my opinion, the new altcoin is good for BTC. Because, the altcoin has the utility and efficiency as well as the friendliness, loyalty to daily needs, production and business for the people. In that sense, all will be attached to the development of the community -> it is very important in the existence, maintenance and development of crypto and bitcoin.

napi

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it seems it depends on how the products and developments that new altcoin has, if their products are good and there are no obstacles then it can be very good too.

cherrymobile

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Quote from: Kakmakr on May 19, 2018, 04:48:58 AM

nope. i think they have all their base not only bitcoin cause we all know that alt coin is convertable in etherium before bitcoin. in the first place we are raising our fund or investment in blockchain which base on etherium right. money will not comeback if its lose so think wisely. bitcoin investors should know how to be patient

neliawesome

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I dont think new launch ALT coins & blockchains can affect bitcoin because as we all know bitcoin is still in number 1 spot even though the value drops deeply.Bitcoin has a higher value than other alt coins and it is more trusted.

hatshepsut93

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In the long run is doesn't really matter. Think about Amazon or PayPal, did they suffer from the dotcom bubble companies that drew so much investor money away from them? At that time yes, but now they are so huge that it would make very little difference if they got more investments in their early days. Money is not the only resource, time and talented people are also needed for a project to succeed, and you can't really buy them with money. Maybe Bitcoin would be a bit higher now is there were no altcoins on the market, but its technology would be the same. And if all people who work on altcoins decided to work on Bitcoin instead, it would also see only small increases in productivity, because the most important work is cutting-edge research and inventing.

Sled

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Bitcoin- in bullish time

In my opinion, they are good for bitcoin because with their project as a cryptocurrency it is helping bitcoin to be popular not by promoting it but for carrying the name of cryptocurrency and with their promotion for their own name and brand, the people who will get interested with their project will be able to be connected to the cryptocurrency world and eventually, they will discover bitcoin as the main cryptocurrency.

Whitly

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I think, depends on what side to look, because from one side bitcoin has strong investors (holders), who won't exchange coins to alts and who interested to keep price increase, from another side hypothetically people can start massive buying alts, what will be based on good/bad news and bitcoin's price will lose some %. But it will probably, never happen.

ogini

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The market is full of so many cryptocurrency and it will be wise to conconduct a though research before investing not all may be scam,and as bitcoin grows these good crypto project also grow with it