Topic: Does crypto need to step out of Bitcoins shadow? Opinions please? - page 3. (Read 625 times)
June 16, 2018, 11:02:53 PM
This is a good and very timely question. In my opinion, bitcoin will soon have to lose its dominant role among the crypto currency. This does not even concern bitcoin. Any dominant on the spot of bitcoin crypto currency with time and with the general development of the crypto currency will need to lose such dominance. This is simply inevitable. Bitcoin has already begun to lose its dominance and its percentage has already dropped to forty. No matter how further bitcoin did not behave - increased in price or lowered, it will inevitably include mechanisms that will lower its dominance among the crypto currency and bitcoin will less and less influence on it in the price plan.
June 16, 2018, 10:57:54 PM
What for? Is there something wrong with bitcoin? Many cryptoes give promise that they can exceed bitcoin but all that does not make sense, in fact most altcoin is just hype and this is what makes people afraid to invest in the world of crypto.
If people want crypto money for global prosperity they should focus on bitcoin development rather than fighting over each other to make altcoin to replace bitcoin.
If people want crypto money for global prosperity they should focus on bitcoin development rather than fighting over each other to make altcoin to replace bitcoin.
June 16, 2018, 10:36:35 PM
All the same, an alternative is needed. The ship is big, powerful, but each has its own strength, but if it is overloaded, while it is far in the ocean, what to do. All that is needed is the one who is not attached to him.
June 16, 2018, 10:35:41 PM
Yeah that would be a great thing for a crypto to do because all this time, all the cryptocurrency has been dependent on Bitcoin. If something bad happen relating to Bitcoin, all the cryptocurrency that is under it will be affected too which is bad for those projects that have potential to grow without Bitcoin.
June 16, 2018, 10:23:21 PM
this is the same argument that was repeated here multiple times and the problem is that every one of you have the same false assumption that altcoins are good.
bitcoin is not ruling anything. it does not have a shadow on anything. bitcoin is not the king of anything.
bitcoin is just a good technology, a good currency, and the only decentralized currency out there.
the problem is that altcoins are so shit that they can not gain the adoption they require to be able to stand alone. they so far are only used purely for speculation and for profit making, nothing more.
bitcoin is not ruling anything. it does not have a shadow on anything. bitcoin is not the king of anything.
bitcoin is just a good technology, a good currency, and the only decentralized currency out there.
the problem is that altcoins are so shit that they can not gain the adoption they require to be able to stand alone. they so far are only used purely for speculation and for profit making, nothing more.
June 16, 2018, 10:00:09 PM
Bitcoin is truly valuable a token, while the rest of the tokens, looks little value, so most of the other altcoin concentrated in the hands of a few people, then this may appear manipulating prices, the distribution of the bitcoin widely enough.
June 16, 2018, 09:48:47 PM
very reasonable if BTC becomes kiblatnya kripto, because BTC is the first digital money in the world, and now has the highest price.
June 16, 2018, 09:43:31 PM
The majority of cryptocurrencies on the scene is just a scam cloned and forked coin and having no real value and usage. Indeed there is some real project that has real value and usage but currently, BItcoin is the king of all cryptocurrency. All the ideas out there based on Bitcoin, So I can expect why all the markets are correlated.
June 16, 2018, 09:14:11 AM
Good to hear the guys who've been here a while have chipped in here as i was curious to your opinions on this.
As another poster in this thread said - and i agree to a certain extent - is that if the price of altcoins fluctuate even more wildly than the price of BTC, then this will eventually sicken people who have invested in them. The altcoins respective team members can't fulfill their (possible) potential, and new investment in alts will suffer as a result and perhaps fail all together, which in turn affects the price of BTC (as you need BTC to buy alts). You could argue that BTC/alts both need each other to survive, sure- not all of them, Wankcoin, Trumpcoin et al are just a total joke really so a lot of these blatant scams need to disappear completely.
It's a real grey area, and not quite as cut and dried as some people think it is.
As another poster in this thread said - and i agree to a certain extent - is that if the price of altcoins fluctuate even more wildly than the price of BTC, then this will eventually sicken people who have invested in them. The altcoins respective team members can't fulfill their (possible) potential, and new investment in alts will suffer as a result and perhaps fail all together, which in turn affects the price of BTC (as you need BTC to buy alts). You could argue that BTC/alts both need each other to survive, sure- not all of them, Wankcoin, Trumpcoin et al are just a total joke really so a lot of these blatant scams need to disappear completely.
It's a real grey area, and not quite as cut and dried as some people think it is.
June 16, 2018, 09:07:54 AM
Hi guys, just wondering about other peoples opinion on this.
In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
Yes, in order for them to step ahead of Bitcoin then they should try to get out of the shadows of Bitcoin and try to build another crypto but may have a good standard for the future.
June 16, 2018, 09:04:19 AM
Even it looks like other projects independently in crypto world like ethereum is having its own blockchain also ethereum value determined by number of projects involved in ethereum network also decentralised exchanges were increasing value but once bitcoin price drops all other coins price are dropping no matter how potential this coins are . I don’t see any coins can move independently without bitcoin shadow in near future.
June 16, 2018, 08:43:27 AM
All coins are separate projects. They are not tied to bitcoin. Bitcoin is only an indicator of the value of all cryptocurrencies. The prices of all cryptocurrencies act simultaneously with the price of bitcoin only at first glance. But this is not always the case. It all depends on the General trends in the cryptocurrency market.
June 16, 2018, 08:35:26 AM
lol bitcoin is crypto
yep, if bitcoin can't get the popularity at global level, any coin can
June 16, 2018, 08:25:36 AM
Hmmm it is not bitcoin who should step out to the shadow but the people who are using it. But that is not enough, people who does not have an idea about bitcoin should be given right information about bitcoin and other cryptocurrencies. After that, the government will come and embrace the future with bitcoin
If things go smooth then little by little the world will use bitcoin as an alternative payment to goods and services
If things go smooth then little by little the world will use bitcoin as an alternative payment to goods and services
June 16, 2018, 08:22:29 AM
Bitcoin still has dominance over market over other cryptos ,though bitcoin has fallen its dominant nature remains mainly because of few reasons,1.trust of people as its oldest and 2.familiarity as compare to other crypto's. as long as these are prevalent other crypto's need more work to finally some day cross it , i think there is no shadow as you talked about because it basically how any economy work ,more value among people,more its popularity and production .and other crypto's which might not be able to work independently are working because they can be converted into bitcoin value , maybe they could surpass once they start wide spreading.
June 16, 2018, 08:21:27 AM
I do not want bitcoin to control the price of the market. There are lots of potential coins, but falling bitcoins will lead to falling coin prices. I need a reasonable solution so bitcoin will also grow like another coin
this is very unusual happen, still hold your assets. the decline in value of bitcoin is very reasonable to occur within a certain period of value will grow back. bitcoin does not control the market price, but the market is again in a bad state, it also happens to other coins. June 16, 2018, 08:21:14 AM
Nope. It's a free market. People will use the best crypto available to them for the most part. It just so happens that, all aspects considered, Bitcoin is the best crypto available at the moment. No one let Bitcoin rule the roost either -- the market did that on its own. You can't force inferior coins on people.
The price movement has more to do with all cryptos being speculative assets people use to earn money rather than Bitcoin being in the spotlight. Exchange hacks and/or regulations that have nothing at all to do with Bitcoin also affect its price negatively after all. I don't think this will change until the general public starts using them for their actual utility, because they're pretty much all the same to them at the moment.
The price movement has more to do with all cryptos being speculative assets people use to earn money rather than Bitcoin being in the spotlight. Exchange hacks and/or regulations that have nothing at all to do with Bitcoin also affect its price negatively after all. I don't think this will change until the general public starts using them for their actual utility, because they're pretty much all the same to them at the moment.
June 16, 2018, 08:18:25 AM
I think it would be healthy for things to completely decouple.
There are things that are attempting to do what Bitcoin cannot and should not do. There's no particular reason why they should be tied to each other in terms of value and market action.
A prime example of this is XRP. How on Earth did it manage to wind up lumped in the same markets? There's no reason for it to be there in the first place. It's older than Bitcoin and is in no way an actual cryptocurrency.
What all of it does underline is that hardly anyone is in this for noble reasons. They're using all of these projects as a vehicle to extract more dollars and they don't care how it's achieved.
There are things that are attempting to do what Bitcoin cannot and should not do. There's no particular reason why they should be tied to each other in terms of value and market action.
A prime example of this is XRP. How on Earth did it manage to wind up lumped in the same markets? There's no reason for it to be there in the first place. It's older than Bitcoin and is in no way an actual cryptocurrency.
What all of it does underline is that hardly anyone is in this for noble reasons. They're using all of these projects as a vehicle to extract more dollars and they don't care how it's achieved.
June 16, 2018, 08:14:25 AM
NO! It shouldn't Bitcoins is cryptos and cryptos is bitcoins, I know there is alt coins but it's not that great when you compare it to bitcoins, I don't really like any cryptos other than bitcoins, even after all the beating and take down it just bounces up and up. I'm in love with bitcoins for it's strong character and can't imagine a world of cryptos without bitcoins.
June 16, 2018, 08:09:56 AM
Hi guys, just wondering about other peoples opinion on this.
In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
I think these altcoins that existed were adopted by masses because of bitcoins concept that most cryptocurrencies will grow in the right time.Bitcoin gain adoption and this was the reason why altcoins has been also accepted. In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?
I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!
Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?
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