Topic: Massive capital injections into Bitcoin are (eventually) good for other crypto. (Read 1074 times)
July 29, 2016, 05:40:16 PM
More money is good for the whole industry.
July 29, 2016, 01:10:11 PM
More capital means more activity for everything in crypto. Our team is certainly glad to see this to be true.
July 29, 2016, 07:37:21 AM
we are a good example
July 29, 2016, 04:45:59 AM
If people inject capital into bitcoin, they might also notice other altcoins. Ethereum is a good example now.
June 28, 2016, 05:47:20 AM
I agree, much of the value seeking altcoin alpha is actually BTC (or more recently Ether) gains looking to diversify to other sources of profit. This is good for the ecosystem and a further run-up post halving augurs well for price performance of solid alts like Zcash that are coming on stream later this year
June 28, 2016, 05:44:27 AM
Since there is no fiat onramp for any other cryptocurrency other than Bitcoin, we should welcome soaring Bitcoin prices because it means that new actual value is being injected into the crypto ecosystem. Without this new value injection, we will all be competing for the same sloshing pool of value in perpetuity. Eventually that value entering the Bitcoin ecosystem will also find its way into other blockchains as well.
Broadly agree - however because of the blocksize debate, there has been a trend for some exchanges to offer alt/fiat pairs. For example you can buy LTC and Ether with fiat on Kraken. If that spreads, then one prop for bitcoin gets removed.
June 28, 2016, 01:37:15 AM
Hi All, I found this site but I'm not sure how valid are the claims made
http://cryptocapitalcorp.blogspot.jp/
http://cryptocapitalcorp.blogspot.jp/
May 30, 2016, 08:52:55 PM
mmmmm hhhhmmmm 
And chicks getting raped is good because it provides jobs for Police & Lawyers.
same logic.
And chicks getting raped is good because it provides jobs for Police & Lawyers.
same logic.
You, are a breath of fresh air. Alarming air, but refreshing nonetheless.
Cookie.
BTC maxi-cons ^
Massive capital injections into ALTs are (immediately) good for BTC.
Part of the reason BTC is strong right now is $10 of Millions is needed to support this weeks ICO frenzy.
---
"establish legal and practical on-ramps into their own cryptocurrency - a daunting feat."
Bitcoin that's your job, quit your whining / FUD_spoet_r0achin.
Else there are other willing and wanting to take that spot ... still a daunting feat ... at least this year
Continue to build the on/off ramps, and challenge and FUD on visa/mastercard not the puny little Alts at your feet!
Massive capital injections into ALTs are (immediately) good for BTC.
Part of the reason BTC is strong right now is $10 of Millions is needed to support this weeks ICO frenzy.
---
"establish legal and practical on-ramps into their own cryptocurrency - a daunting feat."
Bitcoin that's your job, quit your whining / FUD_spoet_r0achin.
Else there are other willing and wanting to take that spot ... still a daunting feat ... at least this year
Continue to build the on/off ramps, and challenge and FUD on visa/mastercard not the puny little Alts at your feet!
I concur with this. All capitalization in the sphere is good, but with bitcoin being the standard, it really just trickles back down to the bitcoin ecosphere. It will take a long time for investors to feel safer with an alt than with bitcoin, given how much more stable bitcoin prices have been, the longevity of the protocol, and the amount of institutional investment that we don't see with the latest wave of alts.
May 30, 2016, 05:38:24 PM
Since there is no fiat onramp for any other cryptocurrency other than Bitcoin,
That is about to Change
https://news.bitcoin.com/coinbase-ether-litecoin-trade-gdax/
Quote
Coinbase Exchange is rebranding to GDAX and will support ETH/BTC and ETH/USD trading soon. LTC/BTC and LTC/USD in the works!
May 30, 2016, 12:47:56 PM
That's obvious we have to see the whole crypto-world as one system where the money can difficultly escape from.
May 30, 2016, 09:59:48 AM
BTC maxi-cons ^
Massive capital injections into ALTs are (immediately) good for BTC.
Part of the reason BTC is strong right now is $10 of Millions is needed to support this weeks ICO frenzy.
---
"establish legal and practical on-ramps into their own cryptocurrency - a daunting feat."
Bitcoin that's your job, quit your whining / FUD_spoet_r0achin.
Else there are other willing and wanting to take that spot ... still a daunting feat ... at least this year
Continue to build the on/off ramps, and challenge and FUD on visa/mastercard not the puny little Alts at your feet!
Massive capital injections into ALTs are (immediately) good for BTC.
Part of the reason BTC is strong right now is $10 of Millions is needed to support this weeks ICO frenzy.
---
"establish legal and practical on-ramps into their own cryptocurrency - a daunting feat."
Bitcoin that's your job, quit your whining / FUD_spoet_r0achin.
Else there are other willing and wanting to take that spot ... still a daunting feat ... at least this year
Continue to build the on/off ramps, and challenge and FUD on visa/mastercard not the puny little Alts at your feet!
May 30, 2016, 02:50:17 AM
mmmmm hhhhmmmm
And chicks getting raped is good because it provides jobs for Police & Lawyers.
same logic.
And chicks getting raped is good because it provides jobs for Police & Lawyers.
same logic.
May 29, 2016, 07:52:48 PM
Well said. Tiny Bitcoin can still be very volatile, so one should not be surprised by the volatility of microscopic altcoins.
What should concern you as an 'investor' is the long term value of the project.
What should concern you as an 'investor' is the long term value of the project.
Exactly. I think those that are serious about building solid, stable currencies, with appealing brands will find success over the long-term.
~~
May 29, 2016, 07:34:13 PM
A lot of people are invested in bitcoin and feel like they are constantly in competition with alt currencies, this feeling is usually based on fear and can be harmful for the overall growth of all cryptocurrency networks
May 29, 2016, 03:19:13 PM
Well said. Tiny Bitcoin can still be very volatile, so one should not be surprised by the volatility of microscopic altcoins.
What should concern you as an 'investor' is the long term value of the project.
What should concern you as an 'investor' is the long term value of the project.
May 29, 2016, 03:13:48 PM
I agree with this. The Ethereum has fallen against the bitcoin. But the fall against the USD is not so big.
May 29, 2016, 02:20:55 PM
Since there is no fiat onramp for any other cryptocurrency other than Bitcoin, we should welcome soaring Bitcoin prices because it means that new actual value is being injected into the crypto ecosystem. Without this new value injection, we will all be competing for the same sloshing pool of value in perpetuity. Eventually that value entering the Bitcoin ecosystem will also find its way into other blockchains as well.
This will hold true so long as fiat is the dominant form of value on the planet, which won't be changing for years. The only way to escape this sieve would be for another blockchain to establish legal and practical on-ramps into their own cryptocurrency - a daunting feat.
So don't fret when you see Bitcoin soar and other cryptocurrencies temporarily take a hit - the Spring 2016 explosion in alt prices was likely directly enabled by the Fall 2015 explosion in Bitcoin prices. All money is a liquid, flowing from pool to pool, with the shapes of the pools determined by human perception and belief.
This will hold true so long as fiat is the dominant form of value on the planet, which won't be changing for years. The only way to escape this sieve would be for another blockchain to establish legal and practical on-ramps into their own cryptocurrency - a daunting feat.
So don't fret when you see Bitcoin soar and other cryptocurrencies temporarily take a hit - the Spring 2016 explosion in alt prices was likely directly enabled by the Fall 2015 explosion in Bitcoin prices. All money is a liquid, flowing from pool to pool, with the shapes of the pools determined by human perception and belief.
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