Looking for a crypto that won't depend on BTC anymore - page 3.

deathcode

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Quote from: TheUltraElite on August 02, 2022, 06:00:23 AM

Quote from: lumbanrang on July 15, 2022, 01:39:04 AM

there is no coin/token circulating in the market whose price is not influenced by bitcoin, everything depends on bitcoin, but you can try investing in gambling tokens because from what I have noticed, the price movement is different from other altcoins.

Gambling tokens are no different from other altcoin tokens. At best they can be expected to go bigger than average altcoin. Still I have not seen any of them making really big market movements.

Bitcoin is the basis, the standard here. Looking at something not from the Bitcoin point of view is a wrong thing. One can use USDT to measure them though.

It does not mean that we are all bitcoin lovers and altcoin haters. Altcoins never make any impact on the market in the long run. It is bitcoin which stands tall.

That's right, so far no altcoin can stand alone without depending on the Bitcoin market. when Bitcoin experiences a decline, the altcoin market will also be directly affected by the movement of Bitcoin.
however, Bitcoin's dominance in the crypto market is still very strong. all of them may still exist and will continue to depend on the capabilities of Bitcoin for a long time.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: lumbanrang on July 15, 2022, 01:39:04 AM

there is no coin/token circulating in the market whose price is not influenced by bitcoin, everything depends on bitcoin, but you can try investing in gambling tokens because from what I have noticed, the price movement is different from other altcoins.

Gambling tokens are no different from other altcoin tokens. At best they can be expected to go bigger than average altcoin. Still I have not seen any of them making really big market movements.

Bitcoin is the basis, the standard here. Looking at something not from the Bitcoin point of view is a wrong thing. One can use USDT to measure them though.

It does not mean that we are all bitcoin lovers and altcoin haters. Altcoins never make any impact on the market in the long run. It is bitcoin which stands tall.

tygeade

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

Maybe there was a small chance that DeFi world could have done it. This is why I believe that we should not be shocked about this. Just realize that you are not going to end up with doing anything crazy with the btc you have anyway, so why not try the altcoins and give them a chance? If you do not want that, if you do not want bigger risk, btc i s always better.

But, if you want to take that risk, DeFi for a while did that, they were going much higher than what bitcoin did for example and it looked like it would. Why DeFi? Because, they had a different system of approach, the DEX places allowed people to be their own banks, earn themselves, and trade without needing to put their money anywhere else.

wxa7115

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Quote from: Argoo on July 15, 2022, 02:08:51 AM

Quote from: ryzaadit on June 29, 2022, 12:30:58 PM

Nope.

Any crypto-asset using "BTC" as the pair trading, they always follow the main pair they're using for the trading asset. If you want trading without any volatility from crypto-market especially "BTC", you should try "Stable-coin" and playing on staking.

But the margin % profit would be really small. Also, you will fight against inflation from fiat since investment on stable-asset.

It's not about the pair for trading, but about the level of capitalization of each cryptocurrency. Bitcoin affects other cryptocurrencies in terms of price because it now has a capitalization of 42.5 percent. That is, almost half of all investments in this market are invested in bitcoin. If the level of capitalization of bitcoin drops significantly, then it will not have such an impact on other types of cryptocurrencies as it is now. Theoretically and practically it is possible and it is quite probable that someday it can happen.

It could happen but I do not think it is likely since even that percentage is dubious at best, if we were to eliminate from the list all the coins which are not decentralized then we will soon find out the dominance of bitcoin is even higher than what we thought.

So the day in which bitcoin does not hold as much influence over other coins seems to be too far away that I do not think most of us will be alive to see that day, after all it is not as if bitcoin will remain static since the bitcoin developers will make a lot of improvements to the code of bitcoin and this will have the effect of delaying the day we could see something like that.

Argoo

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Quote from: ryzaadit on June 29, 2022, 12:30:58 PM

Nope.

Any crypto-asset using "BTC" as the pair trading, they always follow the main pair they're using for the trading asset. If you want trading without any volatility from crypto-market especially "BTC", you should try "Stable-coin" and playing on staking.

But the margin % profit would be really small. Also, you will fight against inflation from fiat since investment on stable-asset.

It's not about the pair for trading, but about the level of capitalization of each cryptocurrency. Bitcoin affects other cryptocurrencies in terms of price because it now has a capitalization of 42.5 percent. That is, almost half of all investments in this market are invested in bitcoin. If the level of capitalization of bitcoin drops significantly, then it will not have such an impact on other types of cryptocurrencies as it is now. Theoretically and practically it is possible and it is quite probable that someday it can happen.

Frengki_cisco

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

As far as I know there is no type of crypto that moves on its own, almost all of them are influenced by the movement of Bitcoin, for the opposite type of crypto there are...such as: BEAR, ADADOWN, BTCDOWN, ETHDOWN, and many others, the type of coin does not depend on Bitcoin, only fundamentally opposite, Bitcoin goes down he goes up and Bitcoin goes up he goes down, for more complete clarity you can look at MarketCap.

lumbanrang

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

there is no coin/token circulating in the market whose price is not influenced by bitcoin, everything depends on bitcoin, but you can try investing in gambling tokens because from what I have noticed, the price movement is different from other altcoins.

hashrateproducts

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Bitcoin is the number Crypto in the space and it's pump and dumps entirely affects the market. When Bitcoin dumps, Ethereum is always suddenly follow the lead of Bitcoin. It is what it is, not all Cryptos sometimes follow the lead because I could remember fully when that when Bitcoin was dumping, other altcoins like GMT where shooting to the moon. These altcoins are sometimes different with the movement of Bitcoin but also follow Bitcoin to dip also in the market. One general and acceptable fact about the market is that Bitcoin dump can't all the altcoins in the market rather some of it and some altcoins always pump during the bear market.

Samurai trieng

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I think it's just a waste of time to look for crypto that doesn't depend on BTC, because all cryptos always follow where BTC is moving, even though there are some coins that are late in responding to BTC movements, but that doesn't mean the coin doesn't depend on BTC, as in this case. ethereum and binance, although sometimes they don't go hand in hand, in the end the coin will follow the movement of BTC.

jaberwock

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Quote from: danherbias07 on July 13, 2022, 05:21:08 AM

This is hard to find and you can not rely on CMC for a daily basis chart because there are times Bitcoin moves up while others don't but it doesn't mean it is not going with the flow of Bitcoin. Could be a late update or for whatever reason, it is not moving yet.

Oh I see so cmc is delayed on updating their tables? Thought they are the best when it comes to crypto data's but what about coingecko? Maybe this one is more reliable because there's also opinions which states that coingecko is much better and more fairer than cmc.

In the event we saw a coin there which works differently than bitcoin then that can be qualified to the taste of the OP. He can accept it if that specific coin dumps while btc and the rest are rising because that is what the coin's fundamentals are telling. Maybe there is an issue with them or an ongoing update which affect their performance but as soon as that have been fixed the coin can always catch up.

cogsmachine

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

wave 1 Crypto fundamentals: Decentralized banking driven by engineers/engineering
wave 2 Crypto fundamentals: Envious financiers bringing financial schemes from their world of centralized banking to the crypto world which has led to losses, scams, schemes,
wave 3 Crypto fundamentals: Finishing the job of wave 1 via Decentralized everything new (web3,4,5...) network and driven by engineers/engineering financed and fueled with Bitcoin and crypto only

danherbias07

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This is hard to find and you can not rely on CMC for a daily basis chart because there are times Bitcoin moves up while others don't but it doesn't mean it is not going with the flow of Bitcoin. Could be a late update or for whatever reason, it is not moving yet.
If you want stability, go with stablecoins. That's all the choice I could think of.
For other coins, it mostly relies on the Bitcoin movement and it had been proven quite a lot of times and this bear moment is also an example of it.
Keep looking though, you might find it if you want it that bad.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

You have to look into the fiat market and the forex markets. You will not find a single altcoin that is not traded in BTC. Because this is the crypto sector and because bitcoin has the biggest market cap and is historically oldest, it is used as the point of reference for the price of any altcoin. You can always use fiat for the same too, but it is not the standard.

Also because buying altcoins using fiat is less popular than buying with bitcoin, hence such trading pairs are also not seen - what is seen is the altcoin<>stablecoin pair.

To actually move a crypto on its own, it need development and that is seriously lacking in any altcoin being launched. They only run on the hype unlike the first few altcoins ever created.

Jackl87

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

At the moment that's a clear no. There is no crypto currency out there, not even Ethereum which price is moving completely independent from the price of Bitcoin. So if there is a huge sell off of bitcoin because a whale is leaving the market then this will have an impact first on the price of Bitcoin but then also on the price of all the other coins and in most cases the altcoins are falling even more than in comparison to Bitcoin itself. That being said, Bitcoin is also not completely independent from the moves and happenings of other cryptos. Just look at the recent events around Terra Luna and it's collapse. It also took down the Bitcoin price.

RussianEnglishTranslation

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There are projects that do not depend on the price of BTC. Token projects traded on AMMs like Uniswap and Spookyswap do not suffer from dumps in the price of BTC. This is because the market is controlled by Bots trading on centralized exchanges, not decentralized ones. You are safe if you invest in projects with no BTC trading pairs on centralized exchanges, like CNDL, ATRI, and 0xMR.

icalical

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Will not happen, untill majority of exchange removing their alt-btc pair. Eventhough I could see that most of exchange has already many alt-fiat/stablecoin pairs, but still most of exchange has more alt-btc pair than the alt-fiat/coin. So when people want to cash out their crypto they will still need to exchange it to BTC first and then they can to Fiat then to their Bank, this is what makes the bitcoin price affect altcoin's.

ultrloa

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Quote from: Vaculin on July 11, 2022, 06:31:45 PM

Quote from: sunsilk on June 29, 2022, 04:53:57 PM

Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

There is none.

All of the cryptos today will and always be dependent to BTC. But at least for the stable coins, they're all pegged to dollars if that's what you mean.

Well, as for that actual coin that won't be going along with bitcoin. There is really no type of coin that does that.

The crypto market only revolves on the future of bitcoin, the rest are just insignificant to the crypto market. So if you want to invest in coins that don’t depend on bitcoin, then expect none. Invest in USD if you want to be free from the shadows of bitcoin, but never expect for huge profits that only bitcoin is able to. As long as it dominates the market, bitcoin will always determine the future of the coins in the crypto market.

Most of the time it is but there are several survives on bear market condition but its hard to spot since we cannot predict what will be the outcome of some coins on this season. But I guess its good for us to research more or see the whole market structure. There are platform which can help us to see the statistics of certain coins like CMC or Coingecko and maybe we can get good insights on what coins are good to buy at the moment.

Ucy

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Compare rates on different exchanges & swap.

You need a unique self-sustaining crypto that's in no way connected to Bitcoin. Just a mere mention of the words Cryptocurrency (assuming it was first used with Bitcoin) or Blockchain is enough to connect the junior cryptocurrencies to Bitcoin... that alone can make them dependent on Bitcoin.

Vaculin

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Winding down.

Quote from: sunsilk on June 29, 2022, 04:53:57 PM

Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

There is none.

All of the cryptos today will and always be dependent to BTC. But at least for the stable coins, they're all pegged to dollars if that's what you mean.

Well, as for that actual coin that won't be going along with bitcoin. There is really no type of coin that does that.

The crypto market only revolves on the future of bitcoin, the rest are just insignificant to the crypto market. So if you want to invest in coins that don’t depend on bitcoin, then expect none. Invest in USD if you want to be free from the shadows of bitcoin, but never expect for huge profits that only bitcoin is able to. As long as it dominates the market, bitcoin will always determine the future of the coins in the crypto market.

Kasabus

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

That’s absolutely hard to find crypto coins that are not dependent on the future of bitcoin, because even shitcoins are. Even if they are hyped, they fall eventually when bitcoin price is falling. And when bitcoin is surging, all the crypto coins in the market are also influenced and they make positive prices along the way. I guess the fact that bitcoin is the future of the crypto market, everything in the market will be dependent on it.

Topic: Looking for a crypto that won't depend on BTC anymore - page 3. (Read 942 times)