Bitcoin and altcoins ties are very weak.
They are powerful right now, just because ALL cryptocurrencies are mostly used for SPECULATION.
This means when people see Bitcoin is raising, they trust more that all altcoins will be useful as well... which is not necessarily true... and probably just not true at all.
Once Bitcoin will become mainstream for USE (buying goods), then it will REALLY take off and blow up to 10000$ in few months, then to 100000$ in another year.
But at that point, altcoins will stop at the bar for a very simple reason: Bitcoin will take off because it will be possible to use it to actually BUY STUFF.
That's because it has been implemented as a method of payment on thousands and thousands of shops and services, thing that is NOT happening with altcoins.
It MAY happen in the future, though, especially for Litecoin, imho.
But in first instance, altcoins could take a severe hit when Bitcoin will boost to the Moon, exactly because people will understand that its value is in its spreading in the mainstream as a way of buying goods, and altcoins could be seen as a failure as they will remain in there only still as speculative currency.
Topic: Funny how bitcoin controls everything - page 2. (Read 1465 times)
Its the altcoin magic, today=0.00001, tomorrow=0.1
that could be happen on scam ico coin like diggits and dibbits.for example : ico price on diggits was 50 sat which is almost all coin has bought by dev himself and and after on the exchange he pump to 0.01.
which is up to more than 1000%.
Its the altcoin magic, today=0.00001, tomorrow=0.1
I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.
so eventhough you lost btc you got richer.
thoughts?
so eventhough you lost btc you got richer.
thoughts?
but if you havent lost you now could've had $1000 instead of $500
I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.
so eventhough you lost btc you got richer.
thoughts?
so eventhough you lost btc you got richer.
thoughts?
Well if you woke up with the good news just be thankful . If opposite accept the fact but it has solution. Just hold and hold. Bitcoin price is unstable everyday.
I would be glad to see BTC price $10,000, but what if the opposite?
BTC to $10 and some altcoins to $100,000 market cap from $2,000?
I think it is easier to find 100 altcoin adopters with $1,000 than 100 USD Billionaires who would invest their billions in Bitcoin to hit $10,000. It seems people outside this community usually don't invest in BTC, LTC, or in any altcoin now. The masses believe (TV, news = brainwashing) all coins (including BTC and LTC) are garbage and hyip, well, I'm not correct, the masses have not even heard about LTC or about other altcoins. They prefer dollars or euros to hold.
You may say that if Bitcoin goes to $10, altcoins will be much lower, but it may be true for high valued altcoins only.
Or in this case I personally will buy ALL old small cap altcoins listed on Cryptsy just for my collection.
Disclosure: I hold BTC, LTC and many other altcoins. My whole portfolio's USD value now is 4 times higher than in Jan 2015.
If I held BTC only, it would be +40% max. I prefer investing into broad spectrum of old coins (thus no liquidity problems).
BTC to $10 and some altcoins to $100,000 market cap from $2,000?
I think it is easier to find 100 altcoin adopters with $1,000 than 100 USD Billionaires who would invest their billions in Bitcoin to hit $10,000. It seems people outside this community usually don't invest in BTC, LTC, or in any altcoin now. The masses believe (TV, news = brainwashing) all coins (including BTC and LTC) are garbage and hyip, well, I'm not correct, the masses have not even heard about LTC or about other altcoins. They prefer dollars or euros to hold.
You may say that if Bitcoin goes to $10, altcoins will be much lower, but it may be true for high valued altcoins only.
Or in this case I personally will buy ALL old small cap altcoins listed on Cryptsy just for my collection.
Disclosure: I hold BTC, LTC and many other altcoins. My whole portfolio's USD value now is 4 times higher than in Jan 2015.
If I held BTC only, it would be +40% max. I prefer investing into broad spectrum of old coins (thus no liquidity problems).
issue with altcoins is that most of them are unstable. If bitcoin gets 10% visibility..altcoins probably get 0.01% visibility from general population. Any new investor coming in altcoin would end up leaving after losing money and then stick to bitcoin or fiat.
I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.
so eventhough you lost btc you got richer.
thoughts?
I think that Bitcoin and altcoin prices are tied but if an extreme jump like that happened I don't think they would be as nearly tied as you think. There are too many altcoins and too many factors.so eventhough you lost btc you got richer.
thoughts?
This will never happen. But the hope dies last 
it would be nice morning
it would be nice morning
I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.
so eventhough you lost btc you got richer.
thoughts?
so eventhough you lost btc you got richer.
thoughts?
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