Topic: More altcoins produced the more Bitcoin or even ETH will go down - page 3. (Read 878 times)
November 13, 2018, 07:13:55 AM
Yes exactly, when more and more altcoin coins being created it's mean we are creating more weak coin, that eventually going to weaken the Bitcoin and all alt coin, the investors will divide their investment and the transaction volume of Bitcoin will be decreasing and with more altcoin then there will be more problem, like the scam rate will increase
November 13, 2018, 06:41:56 AM
The biggest factor that keeps the market from dropping is the growing strength of bitcoin and ethereum, if combined, the bitcoin and ethereum marketcap reaches more than 80%, while more than 2000 altcoins compete for the remaining $ 20 billion marketcap.
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.
November 13, 2018, 06:12:38 AM
The more the altcoins the more trading pairing option will be made since most of the trading pairs are based on btc and eth. The more trading pairs the more btc or eth demand arises. Most altcoins are unsustainable most of it are for short term pump and dump without any legitimate use cases altcoins could not survive for more than 2000 altcoins only 25 percent or less will surpass the bubbles for the upcoming years. Bitcoin still does not affect it is dominance regardless of how many altcoins will produced each month.
November 13, 2018, 04:40:23 AM
your mistake is that you think the investors are choosing between bitcoin and others so your conclusion is that if the "others" are more then smaller number would choose bitcoin which sounds logical but your initial assumption is wrong which makes the conclusion wrong.
what REALLY happens is that people aren't left with multiple choices. they only have one choice and that is bitcoin. AFTER that they have many choices between many altcoins and they have to decide which altcoin to choose to invest their bitcoin in and make profit on it.
what REALLY happens is that people aren't left with multiple choices. they only have one choice and that is bitcoin. AFTER that they have many choices between many altcoins and they have to decide which altcoin to choose to invest their bitcoin in and make profit on it.
November 13, 2018, 04:26:55 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?
Don't forget too that invest in ICO need ETH too, it means investor will buy ETH first and then get their tokens, it is right if they profit they will sell their ETH, but i don't see it really affects on ETH price. 
November 13, 2018, 03:50:37 AM
I dont think so, if ethereum platform do not have erc20 token i think ethereum will collapse and go back to $50,,bitcoin movement is not depends on altcoin, its been superior all periode.
November 13, 2018, 03:44:53 AM
Probably yes, because mostly people invest in new ICOs with btc and ethereum. But imagine, btc+eth + xrp =80% of market, so this isn't that important movement
November 13, 2018, 02:25:07 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?
And other coins are also very dependent on this, especially with low cost. Therefore, the emergence of new coins should be fixed and the emergence of new investors or an increase in the total investment capital in them. 
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.
more and more projects of course make fierce competition.
November 11, 2018, 06:11:42 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.
November 11, 2018, 05:05:05 AM
It has good and bad side. The good side is all of those. market cap shall still go to bitcoin because thats the main pair for each of those coins and the same goes for ethereum.
Bad side is what youve said. And another one is the market being thrown with bad comments because of the vast scam coins.
Bad side is what youve said. And another one is the market being thrown with bad comments because of the vast scam coins.
November 11, 2018, 03:39:12 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?
In principle, it is, soon the new alts will simply crushed by the mass. After all, each coin or token takes for itself a part of the total market capitalization, but the main thing is that the demand for them is low. After all, any investor knows that it is better to invest in a stable alt than a little-known one with vague prospects. November 11, 2018, 02:22:39 AM
Great idea guys! I forgot, these altcoins are using eths and btc's blockchain too. 
So obviously I conclude that they will not hinder the pricerun of bitcoin.Thanks guys, now I know! 
So obviously I conclude that they will not hinder the pricerun of bitcoin.Thanks guys, now I know! 
November 10, 2018, 07:39:41 PM
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?
Don't forget too that invest in ICO need ETH too, it means investor will buy ETH first and then get their tokens, it is right if they profit they will sell their ETH, but i don't see it really affects on ETH price. 
November 10, 2018, 06:53:07 PM
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?
Do you have point on that posible have an affect for bitcoin and ethereum people investing in altcoins
But for me isn't the main reason why bitcoin and ethereum falling down their in the market as of now
As volatile decentralized currency nobody can tell about the cause of this current situation of bitcoin or cryptocurrency in general
When analysts the sitaution ethereum is always use for every icos project so meaning ethereum is indemand coins so why their price goes dump
All we need to do is wait when is the right time for price increase
November 10, 2018, 06:11:31 PM
You can find BTC and ethereum as main trading pair on the most of the Exchanges. Both ETH and BTC plays separate roles in the cryptospace as BTC acts as a store of value and ETH acts as the blockchain infrastructure platform. Yes I agree with you little bit about ethereum new altcoins in blockchain infrastructure segment can affect the the price of ethereum due to competition as this new altcoins also have same target market. About BITCOIN there is not a single altcoin which affect the price of BTC accept stable coins pegged to US dollars.
November 10, 2018, 06:02:32 PM
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?
Most altcoins never achieve any kind of meaningful market cap that is enough to affect the price of bitcoin or ethereum, but it seems to be correct that the more coins that are released on the market the lesser the bitcoin dominance, we saw this perfectly in the bull run of the previous year with the bitcoin dominance reaching very low levels, but now we are seeing that the dominance is coming back because many of those coins are disappearing or losing investors against bitcoin. November 10, 2018, 03:56:33 PM
Considering the fact that only one in a hundred ICOs are actually worthwhile projects when you filter out the scams, the imitations, the gambles and the unrealistic projects.
ICOs struggle to even raise funds to continue the project these days, I think a real threat to get bitcoin dominance is the already established currencies. Like Ethereum, Ripple, bitcoin Cash and so on.
As traders or investors, variety is always welcome.
ICOs struggle to even raise funds to continue the project these days, I think a real threat to get bitcoin dominance is the already established currencies. Like Ethereum, Ripple, bitcoin Cash and so on.
As traders or investors, variety is always welcome.
November 10, 2018, 02:26:56 PM
I don't think that is what is happening to market. From marketcap you should understand that this your explanation did not add up. December last year the total market cap was above $750,000,000,000. But now it is around $212,000,000,000. I think there is another reason why investors are selling off there investments as the funds are no longer there in the cryptocurrencies market. Investors are coverting to fiat and not another Cryptocoins.
Jump to: