first of all when you have a huge market it moves slower than a tiny market where a small buy or sell can change the prices a lot. as an exagerated example you can compare Gold with a random small altcoin of rank 1000+ buying $10,000 worth of Gold is not going to change a thing in gold price but if you buy the same amount of that altcoin it will increase its price at least 1000%
secondly when the drops happened and bitcoin went down something around 5% the altcoins you circled above went down about 10-15% so now the pumps of these shitcoins are also a little bigger while not even going back to their original level before the dump.
Topic: Market Decouples more and more from Bitcoin (Read 177 times)
market decouples more and more from bitcoin, originally most altcoins were bought with bitcoins, and bitcoin was used as a front runner to attract investors,
now altcoins often look directly for their investors themselves so they get bought with usd.
in the future we can expect.
altcoins being used in the economy
altcoins buying and funding each other
there will be a new area you should prepare yourself for it is:
the new area
where people hold and work for the coins of their style, focus more on their work, and secondary on the money they hold.
i wrote a while an article about that future
some while ago maybe i will update it with the current development, but it continues as i expected.
now altcoins often look directly for their investors themselves so they get bought with usd.
in the future we can expect.
altcoins being used in the economy
altcoins buying and funding each other
there will be a new area you should prepare yourself for it is:
the new area
where people hold and work for the coins of their style, focus more on their work, and secondary on the money they hold.
i wrote a while an article about that future
some while ago maybe i will update it with the current development, but it continues as i expected.
I'm not sure this picture demonstrates anything other than a relief at the SEC giving today icos a signal they will be okay
I would not like to say any alt has ever improved upon btc
The ones you have circled perhaps except eth don;t even have any hope of claiming to be decentralised trustless crypto currencies
ICO should not be compared with long term POW coins.
I would never bet against btc with any of those perhaps except eth but again we will see how that goes.
Didnt notice xmr I would not level the same criticisms against that as at icos.
Altcoins still lack such a potential and as a change,altcoins issued by big firms and institutional firms might play a positive role.
altcoins no longer pegged to bitcoin
altcoins able to be bought direct via fiat exchanges
altcoins having thier own ATMS
altcoins using LN
altcoins using merchant tools like bitpay and coinbase
now bitcoin with all its new loophole opcodes higher fe's and stagnant development onchain. has less and less to remain the front runner.
the only reason bitcoins price is high is the cost to mine it and the remorse /refusal of many to sell for less than they bought it for.
but hey. once btc becomes PoS 'mined' where it doesnt cost a penny to mine it.. down will drop the cost and down will come the price.
altcoins able to be bought direct via fiat exchanges
altcoins having thier own ATMS
altcoins using LN
altcoins using merchant tools like bitpay and coinbase
now bitcoin with all its new loophole opcodes higher fe's and stagnant development onchain. has less and less to remain the front runner.
the only reason bitcoins price is high is the cost to mine it and the remorse /refusal of many to sell for less than they bought it for.
but hey. once btc becomes PoS 'mined' where it doesnt cost a penny to mine it.. down will drop the cost and down will come the price.
main reason was that altcoins are not used to trade with bitcoin anmore.
once btc becomes PoS 'mined' where it doesnt cost a penny to mine it.. down will drop the cost and down will come the price.
Why on earth do you think that's gonna happen? Proof of stake is, as of now, still unproven as a reliable method to secure the chain. Proof of work does, the only drawback being high energy consumption. Bitcoin will never be proof of stake. It'll be long gone by the time developers even consider going pos.
i 100% know proof of work is the best..
as for energy consumption.. at todays 35exahash.. if you tried doing that on CPU/GPU you would burn more electric then th world uses. so ASICS are energy efficient and a welcomed relief.
but if you look at the core devs recently. they have come out with soo many ludicris idea's to stagnate and cause bitcoin issues. ven blaming asics amungst other reasons to want to move away from PoW
my comment on PoS was NOT about PoS being positive but about how not only would it ruin the security of bitcoin. but the cost of creation which is why bitcoin is at a higher price.
imagine the price of gold/oil if suddenly it only cost $1 to extract gold/oil out the ground
once btc becomes PoS 'mined' where it doesnt cost a penny to mine it.. down will drop the cost and down will come the price.
Why on earth do you think that's gonna happen? Proof of stake is, as of now, still unproven as a reliable method to secure the chain. Proof of work does, the only drawback being high energy consumption. Bitcoin will never be proof of stake. It'll be long gone by the time developers even consider going pos.
altcoins no longer pegged to bitcoin
altcoins able to be bought direct via fiat exchanges
altcoins having thier own ATMS
altcoins using LN
altcoins using merchant tools like bitpay and coinbase
now bitcoin with all its new loophole opcodes higher fe's and stagnant development onchain. has less and less to remain the front runner.
the only reason bitcoins price is high is the cost to mine it and the remorse /refusal of many to sell for less than they bought it for.
but hey. once btc becomes PoS 'mined' where it doesnt cost a penny to mine it.. down will drop the cost and down will come the price.
altcoins able to be bought direct via fiat exchanges
altcoins having thier own ATMS
altcoins using LN
altcoins using merchant tools like bitpay and coinbase
now bitcoin with all its new loophole opcodes higher fe's and stagnant development onchain. has less and less to remain the front runner.
the only reason bitcoins price is high is the cost to mine it and the remorse /refusal of many to sell for less than they bought it for.
but hey. once btc becomes PoS 'mined' where it doesnt cost a penny to mine it.. down will drop the cost and down will come the price.
This was more like the altcoin bubble of 2015 wherein altcoins experienced a huge growth for themselves and bitcoin is kinda left alone in the corner, stagnating and 'dying' as what altcoin enthusiasts called it. No matter what approach altcoins would take to market themselves, they'd still be considered as alts at the end of the day, and to be able to be bought with direct USD, an exchange should be well regulated to operate as such. Seeing how easy it is to create altoins and sell it for top dollar after some hype, this will be monitored closely so as not to develop as a safe haven for money launderers and fraudsters. They can decouple from BTC anytime they like, but it's hard to even get an exchange running with ALT/USD to begin with, so there's that.
It is hoped that more large consortia and more industries will focus on the encrypted world and use block chain technology. In this way, the market can be freed more and more from bitcoin.
in a time beyond prices where people will accept coins of their style, you might reconsider weather bitcoin will still be considered a great cryptocurrency to earn,
people will think socially,
one currency many worldwide will love will be an "iter coin"
a currency of the fusion technology research
etc
hello, it looks like the crypto market has been down for some time. I do not see an escape at the moment. I think everything will go down, bicoin will not exceed $ 12,000 by the end of the year
It is hoped that more large consortia and more industries will focus on the encrypted world and use block chain technology. In this way, the market can be freed more and more from bitcoin.
market decouples more and more from bitcoin, originally most altcoins were bought with bitcoins, and bitcoin was used as a front runner to attract investors,
now altcoins often look directly for their investors themselves so they get bought with usd.
in the future we can expect.
altcoins being used in the economy
altcoins buying and funding each other
there will be a new area you should prepare yourself for it is:
the new area
where people hold and work for the coins of their style, focus more on their work, and secondary on the money they hold.
i wrote a while an article about that future
some while ago maybe i will update it with the current development, but it continues as i expected.
now altcoins often look directly for their investors themselves so they get bought with usd.
in the future we can expect.
altcoins being used in the economy
altcoins buying and funding each other
there will be a new area you should prepare yourself for it is:
the new area
where people hold and work for the coins of their style, focus more on their work, and secondary on the money they hold.
i wrote a while an article about that future
some while ago maybe i will update it with the current development, but it continues as i expected.
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