No other currency - page 2. | Bitcointalksearch.org

tambok

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Quote from: DatKing on October 22, 2019, 04:36:44 PM

Quote from: josephrioveros123 on October 14, 2019, 02:56:28 AM

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

I don't think that it would effect the Bitcoin price or Bitcoin's market cap much. Bitcoin is not linked to any other cryptocurrency or altcoin. So, I guess Bitcoin would be very valuable again.

Altcoin created to complete with cryptocurrency where bitcoin have many partner with altcoin, although bitcoin always under bitcoin dominance make crypto world large with present of altcoin, every day create new altcoin and make bitcoin become stronger we many support from altcoin kinds, investor have choose to invest with thousand altcoin have listed on exchange market and give much profit each altcoin listed.

If there is no other digital currency and only Bitcoin, then imagine the price of it nowadays, imagine the demand it gives, the value and wealth it gives to the people who has a lot of it and invested at a very cheap price.

So, lets be thankful that at least nowadays, we do have a lot of digital currency as an alternative to Bitcoin as we want to hold more of our Bitcoin and we don't want to spend it yet .

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Quote from: mkcjeewantha on October 28, 2019, 01:52:08 AM

and in the near future almost all the people will get use to do their day today activities using this currency system.

Very optimistic but in my opinion people will use both fiat and crypto, maybe not in equal proportion but whatever is available from their ownership and how much crypto and fiat is accepted by their merchants. It would definitely be good to more merchants coming in with bitcoin as payment system.

Quote from: DabsPoorVersion on October 28, 2019, 02:13:43 AM

However, we can't deny that bitcoin has many flaws, altcoins fulfill those imperfections.

Same old propaganda used by altcoin shills to brainwash others. Can you list some "flaws" in a objective manner?

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There is no one who can tell how bitcoin will stand right now if there is no altcoin beside it.

Would stand pretty strong, even if there were zero other altcoins.

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But it will not be so popular if there is no altcoin that was created after bitcoin.

Wrong. Altcoins are created by people who want to make money by making their own shitcoin and attempt to get investors into their scheme. All their goal is to sell of their share of the shitcoin when the pump happens and thus exit the market and abandon the project. Again bitcoin is not controlled by any such group so its more safer.

Fappanu

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Quote from: josephrioveros123 on October 14, 2019, 02:56:28 AM

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

I don't know what will happen here but I think bitcoin prices will increase. Because there is no need to invest in another crypto currency. But it definitely has a negative effect as its price will drop faster because there is no support for other altcoins.

Wysi

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Quote from: dentolas on October 28, 2019, 02:23:08 AM

I think the price would be very low... BTC alone serves only very few purposes... it is very strong as the king of crypto, but without the alts it would be weak
Altcoins have helped crypto to gain supporters and introduced blockchain in so many aspects of our daily lifes... BTC only aims at money
Besides, BTC is not at all ready for adoption as the transfers take too long and are very expensive... it won't be in it's place if there were no alts showing that scalability is possible

But if there was no bitcoin then I think there wouldn't had been any all coins and yes money transfer through bit coin is long as sometimes it takes couple of hours compared to lightening fast transfer option available through altcoin and altcoins does have additional features but bitcoin has won the trust of investors that's why it's still the king of crypto and whenever there is a fall people switch to bitcoin so it's altcoin which needs bitcoin in order to survive.

dentolas

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I think the price would be very low... BTC alone serves only very few purposes... it is very strong as the king of crypto, but without the alts it would be weak
Altcoins have helped crypto to gain supporters and introduced blockchain in so many aspects of our daily lifes... BTC only aims at money
Besides, BTC is not at all ready for adoption as the transfers take too long and are very expensive... it won't be in it's place if there were no alts showing that scalability is possible

DabsPoorVersion

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Quote from: mkcjeewantha on October 28, 2019, 01:52:08 AM

In my opinion, BTC is strong enough to stand alone... but when you think about more seriously about this its better to have strong but few alt coins as well, because as too many cooks spoil the soup.. this market should be a clean and clear one for all of us to get 100% benefit from this. as i think btc will dominate as the number one on the list.. and in the near future almost all the people will get use to do their day today activities using this currency system.

BTC was able to maintain its value even if it's just alone.
However, we can't deny that bitcoin has many flaws, altcoins fulfill those imperfections.
There is no one who can tell how bitcoin will stand right now if there is no altcoin beside it. But it will not be so popular if there is no altcoin that was created after bitcoin.

mkcjeewantha

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In my opinion, BTC is strong enough to stand alone... but when you think about more seriously about this its better to have strong but few alt coins as well, because as too many cooks spoil the soup.. this market should be a clean and clear one for all of us to get 100% benefit from this. as i think btc will dominate as the number one on the list.. and in the near future almost all the people will get use to do their day today activities using this currency system.

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Quote from: barabarian1 on October 22, 2019, 11:09:57 PM

if there are no other currencies we will not be able to diversify. diversifying investments I think is beneficial because we can count on several coins not just one coin. if for example the value of coin A goes down we can still expect on coin B to experience an increase. and if there is no altcoin the crypto market will not develop as fast as it is now.

You have a point diversifying our funds is one of the best strategy in investment but in my opinion you don't need to diversify your investment if it placed on Bitcoin because it is guaranteed that you will get a return.
Bitcoin can stand alone even if don't have any altcoins surrounds it because Bitcoin is independent however, the market will not be the same as it now if altcoins doesn't exist.

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Quote from: meanwords on October 22, 2019, 10:11:55 PM

Let's admit it, altcoins did have an impact to Bitcoin.

The only thing to admit is that altcoins are copycats from forks of bitcoin or tokens made on ethereum blockchain or another new mining algorithm.

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With the rise of altcoins, the existence of Bitcoin become more and more popularize because of how altcoins were advertised.

No. They were all in promoting their own altcoin, not bitcoin. You just thought of it in the wring manner. But dont worry, many others also did. Their point was to use bitcoin as a source of interest to gain interest in altcoin.

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Let's just take bounty campaigns as an example. With the rise of altcoins and a bunch of projects, people are incentivize to promote their project, which in turn make people aware of cryptocurrency and what is the first thing that people need to learn in cryptocurrency? That's right, Bitcoin.

No. Majority of bounty spammers are bottomfeeding 3rd world country people who are desperate to get some money earned to feed themselves. They rarely care about the project its legitimacy. The proof of this is the number of scam projects we see and the promo squad behind them, who they cry why they didnt get paid.

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Remember, people need to buy Bitcoin first before they could invest into altcoins.

By saying this you debunk your entire argument. Bitcoin is the first. All others a waste of time and money. Cheesy

barabarian1

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if there are no other currencies we will not be able to diversify. diversifying investments I think is beneficial because we can count on several coins not just one coin. if for example the value of coin A goes down we can still expect on coin B to experience an increase. and if there is no altcoin the crypto market will not develop as fast as it is now.

Kambal2000

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Quote from: meanwords on October 22, 2019, 10:11:55 PM

Let's admit it, altcoins did have an impact to Bitcoin. With the rise of altcoins, the existence of Bitcoin become more and more popularize because of how altcoins were advertised. Let's just take bounty campaigns as an example. With the rise of altcoins and a bunch of projects, people are incentivize to promote their project, which in turn make people aware of cryptocurrency and what is the first thing that people need to learn in cryptocurrency? That's right, Bitcoin.

Remember, people need to buy Bitcoin first before they could invest into altcoins.

Yes, Bitcoin can stand on its own whether there is altcoins or not, there are thousands of altcoins out there but still Bitcoin is the number one and cannot replace, unless there is something bigger than Bitcoin that will developed, but so far Btc has been a well known and little by little adopting by users and government, so it will not replace to top as of the moment.

meanwords

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Let's admit it, altcoins did have an impact to Bitcoin. With the rise of altcoins, the existence of Bitcoin become more and more popularize because of how altcoins were advertised. Let's just take bounty campaigns as an example. With the rise of altcoins and a bunch of projects, people are incentivize to promote their project, which in turn make people aware of cryptocurrency and what is the first thing that people need to learn in cryptocurrency? That's right, Bitcoin.

Remember, people need to buy Bitcoin first before they could invest into altcoins.

cryptoknightt

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if no altcoin is created again then it is definitely the people will focus more on coins that have very good potential, for the main coin they will definitely focus on bitcoin so this unwittingly can have a good influence on the price of bitcoin which can be very expensive because many will focus on bitcoin and some altcoin because there is no new altcoin anymore.

diahsw

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if that happens bitcoin will be much in demand and sought, because there are no rivals that rival bitcoin, but bitcoin must remain elegant, which is expensive, so that only certain people can trade. then bitcoin will continue to live and grow into a currency that is in great demand .. !!

DatKing

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Quote from: josephrioveros123 on October 14, 2019, 02:56:28 AM

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

I don't think that it would effect the Bitcoin price or Bitcoin's market cap much. Bitcoin is not linked to any other cryptocurrency or altcoin. So, I guess Bitcoin would be very valuable again.

StayFly

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Quote from: josephrioveros123 on October 14, 2019, 02:56:28 AM

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

Without altcoins, the bitcoin price will be higher than the current price because some people are buying altcoins instead of bitcoin. Some people believe altcoins have a potential in the future so they are buying and HODLing altcoins instead of bitcoin. If to say they are all buying bitcoin instead of altcoins that would help the bitcoin price get to another level.

jostorres

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without a pairing coin and without a competitor in my opinion the bitcoin price will be as normal as the beginning of the market initialization. and without ico project promoting campaign. cryptocurrency/bitcoin it would not be as popular today

It may not be as popular in terms of profit generating because the input of the altcoins or ICO market was to make the investment part of bitcoin and other cryptocurrency popular, but when we are to look at the main technology concept of bitcoin, altcoin didn’t do much to assist because bitcoin has been doing very well in terms of technology even before the arrival of altcoins, what ICO market only did was to make it possible for people to be able to generate quick profit from it.

Hence, if there was no other currencies in the market, I believe that it would not have change what bitcoin is and would not have affected the popularity of bitcoin, because the main reason why people are so much in love with bitcoin is because it is a decentralized coin that protects people’s information.

maxreish

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Correct me if I'm wrong.
Does your point stating that an altcoin's a result of bitcoin price effect?

Since it is all about the demand and supply, the limited quantity of bitcoin makes the price movements. It's not because of those altcoins. So, in short. Altcoins are just decorations and does not have nothing to do with bitcoin's actions.

But let me clear this things out. Altcoins are created to sustain or to support what bitcoin is lacking. Like ethereum. Since fees are higher with slow transactions witb bitcoin, altcoins such as eth and others are available to choose from. That's why selected altcoins are still useful in crypto.

Argoo

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In any case, it is very good that there are so many types of cryptocurrency. Thanks to competition, it is developing and improving very quickly now. If there were no altcoins, the cryptocurrency market would be boring and hardly as popular as it is now. As for the price of bitcoin, if it remained the only cryptocurrency, then it is difficult to say anything. Most likely, in 2017 we would not see its price of about $ 20,000, the market capitalization would be much lower.
In any case, we have a lot of types of cryptocurrency and now there will always be a lot of them.

Diirtmaan

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Quote from: barbara44 on October 17, 2019, 08:31:10 AM

Quote from: josephrioveros123 on October 14, 2019, 02:56:28 AM

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

Normally, we could say that if there was no cryptocurrency and bitcoin had become popular without the altcoins, it is very much possible that we may have reached its full potential by now, and the reason why I said so is this, I understand that the total market cap right now according to coinmarketcap is 252 billion dollars of which about 44 percent of it is just for altcoin market, which we could say that if bitcoin was to have 100 percent of it, the value may not have reached $20k yet.

The reason why I said that the value would have reached over $20k and even probably reached its limit is that many ico project actually sent a lot of people that were scammed packing from the market, so it is obvious that if these altcoin had not scammed people, the marketcap of bitcoin may have been growing to 1 trillion dollars without the altcoins.

I agree with you. Most likely, Bitcoin would have incredibly huge potential if there were no altcoins. But how to determine the Bitcoin limit? I don’t think there are any criteria to determine the maximum possible growth.

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