How could we further disassociate altcoins from Bitcoin?

spunkybd

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Quote from: MoonIsBlue on January 10, 2018, 11:15:19 AM

Quote from: spunkybd on January 10, 2018, 09:41:36 AM

Seems like every time Bitcoin goes stale or down slightly, altcoins follow the same trend and then the whole market is down for a while.

Would new payment gateways and further news exposure get us out of this cycle or are altcoins going to be stuck to the swinging of Bitcoin forever?

Well when I look at a lot of coins now, the USD value is down but the sat price = equal, only down a minor 1% or is increasing. Meaning that the altcoins aren't affected that much but since you can't trade fiat/altcoins (only a few) they will always be affected by Bitcoin in terms of paper money evaluation. Only way to solve this is introducing new trading pairs. But I think this market doesn't have the liquidity for that yet.

Hm.. are we seeing a gap in the market?

I think we need more pairs, like Binance doing ETH/XXX .

MoonIsBlue

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Quote from: spunkybd on January 10, 2018, 09:41:36 AM

Seems like every time Bitcoin goes stale or down slightly, altcoins follow the same trend and then the whole market is down for a while.

Would new payment gateways and further news exposure get us out of this cycle or are altcoins going to be stuck to the swinging of Bitcoin forever?

Well when I look at a lot of coins now, the USD value is down but the sat price = equal, only down a minor 1% or is increasing. Meaning that the altcoins aren't affected that much but since you can't trade fiat/altcoins (only a few) they will always be affected by Bitcoin in terms of paper money evaluation. Only way to solve this is introducing new trading pairs. But I think this market doesn't have the liquidity for that yet.

Hm.. are we seeing a gap in the market?

spunkybd

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Activity: 260

Merit: 102

Quote from: Albert211994 on January 10, 2018, 09:51:49 AM

As long as bitcoin is the store of value of alts, every price movement of bitcoin will affect all alts. There is nothing we can do about it.

Why not use ETH or LTC as a store of value and utility instead?

BTC is too politically driven at this point. There are better, much more secure coins.

Albert211994

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As long as bitcoin is the store of value of alts, every price movement of bitcoin will affect all alts. There is nothing we can do about it.

dangdangdang

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Quote from: spunkybd on January 10, 2018, 09:41:36 AM

Seems like every time Bitcoin goes stale or down slightly, altcoins follow the same trend and then the whole market is down for a while.
Would new payment gateways and further news exposure get us out of this cycle or are altcoins going to be stuck to the swinging of Bitcoin forever?

Dance question here, I really don't get why Altcoins will be affected by Bitcoin's momentum and if there's massive Altcoin dumping Bitcoin will drop also.
Maybe we'll try to watch some YouTube for what's, how's and why's. I watched some videos about Bitcoin and Altcoin updates but none of them are really into this kind of specific detail.

spunkybd

full member

Activity: 260

Merit: 102

Seems like every time Bitcoin goes stale or down slightly, altcoins follow the same trend and then the whole market is down for a while.

Would new payment gateways and further news exposure get us out of this cycle or are altcoins going to be stuck to the swinging of Bitcoin forever?

Topic: How could we further disassociate altcoins from Bitcoin? (Read 130 times)