More altcoins produced the more Bitcoin or even ETH will go down - page 2.

jagdeepjd

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

The more altcoins we see in the crypto space shall not cause any problems for bitcoin if fresh money keeps coming in as those altcoins if they are worth it will definitely attract the buyers interested or the potential users of the service provided by the altcoins.

ETH might face problems as we can see it is facing those huge dumps as the ico's which fails to manage in this bear market abandons the project and dumps the eth raised while in crowdfunding.

okan

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i think new coins make increase marketcap. and it is better for ethereum and bitcoin becasue of you must buy eth or btc for change this new coin.

shendy

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So many assumptions and this is a trace of opinion that makes us understand what happened, I think there will be a lot of altcoins that are born but do not reduce bitcoin or ethereum investors, many investors add crypto communities if prices drop bad news possibilities and reduced demand.

xvids

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I think it is also one of the reason's why the price of Bitcoin and ETH is falling down,
We are dumping our BTC and ETH to buy alt-coin or to pump some alt-coin ,
If you want to support alt-coin I think it is better to buy it with Fiat.

andrei56

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

I agree that the huge number of coins in the market affect bitcoin but not for the reasons that you believe, if you take the time to look at the statistics of the market you will see that most of the money is concentrated on the top coins so a new coin that is able to gather a few million dollars from investors is not a threat to those top coins, the problem is that many of those coins are scams and this gives bad reputation to the market.

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

I think you are wrong here, what push the market price up is the demand, if the demand for Crypto assets keep increasing then expect the price to move up, the increase in Altcoins is a plus to BTC, because we can argue that they have push the prices of BTC up from the 2015 to the current period because BTC was around $200-$400 then

Maxxxon7

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I think that this is true, but the total capitalization should not change in this case. and total capitalization falls

Grechkatx

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

Forks affect more than the release of new coins. One fork of Bitcoin crashed the level of Bitcoin and in fact led to the disappearance of Bitcoin cash. So the main decision here is to limit the creation of coins on one platform.

labilaab

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Quote from: btc_angela on November 11, 2018, 06:11:42 AM

Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

I don't know where you get that idea. Bitcoin is bitcoin and investors would love to invest their money on only the coin that is profitable at the moment. And remember that there are altcoins being born, but are you aware of many altcoins also dying and lost to oblivion?

So it doesn't makes any sense at all if you are a investor to invest on shitcoins because sooner or later they will just die and become obsolete.

Yes that’s true, Im not discluding the idea of the numbers of shitcoins being produced among the deserving ones but as time pass by this worthy or not obsolete erc20 tokens and even token exchanges keep growing also, this will surely be a divertion against bitcoin and ethereum’s investors right?
I know there are many competitive erc20 tokens out there that will last just like IOST,IOTA,NEO and many more to mention.

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

Now it is easiest to make fork ether, so the price for it as the demand drops. I believe that this should be somehow controlled, otherwise everything will just plunge into a variety of forks. There is nothing new in them, nor what can be profitable; these are just temporary pumps.

TrumpD

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

I think the opposite is the case really. 99% of these new coins and tokens are paired against bitcoins and ethereum. To buy them, you need one of either bitcoin or eth. The laws of demand and supply dictates that this should drive up the usd value of bitcoin and eth, due to demand against new coins/tokens.

phoinex

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Quote from: TheReverend on November 11, 2018, 08:49:43 AM

I don't think that's a problem, because every year new funds will continue to come in as the interest of crypto-invested people increases, maybe not this year due to market conditions that crash, maybe 2 years or next year.
more and more projects of course make fierce competition.

This is true that investors refrain from feeling, they are lurking and I think if the market has returned like the end of 2017 it will be very pleasant and it will happen.

leea-1334

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I agree, but only partially,,, this market is completely flooded with tokens and alts, and people have been just inflating the crypto market value with more money, and the realization that they are mainly worthless has cause Bitcoin to go down in price, but this is also importantly a consequence of Bitcoin itself being overly valued during the 2017 hype. Bitcoin will continue to strengthen as the time passes and people understand finally that utility wins at the end of the day.

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

Everyone will think thousands of times to invest in a new altcoin, unless he has special knowledge when predicting a potential new project. Unlike when someone looks at bitcoin and ETH they will not think long to start an investment. Bitcoin and ETH have good views when seen by everyone even every new person. I think, the decline in the price of bitcoin or ETH is not caused by what you mentioned and there is not even a relation with what you mentioned.

xenomorphe1

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It depends if the investors investing in new altcoins are current Bitcoin and/or ETH holders. If it is the case, Bitcoin and ETH can go down. If they are new investors, they won't go down as it is new money coming into the market. But with the current cryptos market, there is surely not a lot of new investors.

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

not like that, every investor who invests in Altcoin or ICO only aims to make a profit. if they have got it, they will return to invest in Bitcoin.

blockman

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That's what exactly happens. If more altcoins are being produced everyday, people will have more choice to put where they want to invest. Instead of very one coin to invest and support by the community which we can push to make the market cap higher, it is being divided.

Quote from: Crypto_lion on November 13, 2018, 06:29:33 AM

That's not really true it may have been the case during the crazy bull run when people invested in all the altcoins .Now people are very specific about what they wanna invest in.

I think you don't understand the point of what OP wants to tell.

ruthbabe

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

I honor your opinion, mate. But I think even if there were lots of altcoins and lots erc20 tokens being released every day in the market, it has nothing to do with the price of Bitcoin and/or Ethereum. What I know is that the price of Bitcoin, Ethereum, and other coins (including tokens) are determined by supply and demand in the market where they're being traded.

CryptoAssasin

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You have a point and I believe that ETH is the one to blame with these shit coins popping out everyday. The bad news is that those shit coins purposes is to raise an ICO only to scam its investors by either running after collecting the funds or dumping the project after getting listed to the market. Most ICO nowadays are always dumping its price right? ETH should stop supporting those tokens and start supporting an altcoin that really got a potential or real product before using their blockchain. If BTC and ETH or if we only have atleast 500 altcoins existing today, Bitcoin surely is above $50,000 today for sure.

CrazeCoinz

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Quote from: labilaab on November 10, 2018, 09:22:31 AM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

The more the new token being release this will help to increase the popularity of cryptocurrency as those new projects will bring new investors. New investors will first buy Bitcoin before he will invest on those token and if he will withdraw his crypto he will then trade his token to bitcoin before it exit to fiat. This will increase the demand of bitcoin and the money flowing on the cryptocurrency.

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