No other currency - page 3. | Bitcointalksearch.org

Reatim

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Quote from: gaston castano on October 15, 2019, 10:50:10 PM

if there were no other crypto currencies then btc would not be as popular now.
maybe it's true that alt prices depend on btc, but btc also depends on alt.
just imagine if there is only btc, then there are no smartcontract, ico, ieo, other blockchain events, btc will only be a stretch of sand in the desert.

Maybe just like what OP said post above me,this is just to learn what cryptonians insights in this issue because admit it that we never though of this question before and now since it was laid here our opinion is very important .but also you are correct that if there’s is no other currency the competition is nothing and projects that keep this market healthy won’t exist as well,so basically Bitcoin will be at the lowest value if this is indeed.for atleast a hundred bucks or above just my opinion as well

josephrioveros123

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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 posted this to learn from others suggestions and insights. I think your right that reason for the bitcoin price becaming low is because of the scammers. But for the altcoin I think we need the altcoins for the industry to grow. Because I think if there is no altcoins. Some other investors would not invest in cryptocurrency in bitcoin alone. Altcoins are good but if it is not a scam.

barbara44

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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.?

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.

Youghoor

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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.?

Well, that might not really have any significant effects on Bitcoin's market price since the market price of Bitcoin is determined by the demand and supply rate. The only significant thing that might have introduced in the financial ecosystem will be the level of scam activities done via the launch of new crypto projects and their coin. A lot of existing tokens or coins are just scam crypto coins which were introduced just to scam investors off their money.

Hypnosis00

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Quote from: ReiMomo on October 16, 2019, 03:07:04 PM

Quote from: kryptokant on October 16, 2019, 02:06:05 PM

most alts are no competitor to bitcoin. just very few try to fit in the same usecase. even if they would be better bitcoin has the first mover advantage. but everything is possible

Yep yep! because altcoins will help to have a trading pair from bitcoin. But in my own conclusion, I think the bitcoin price might double or triple it's valued since there is no trouble on it and there will be a lacking of supply due to high demand so the price will always increase and that's a good thing to those people who invest a lot on it. They might earn huge profits.

This is what competition meant for. We can't see huge market improvement if there is no competition happen around. To the event that Bitcoin moves because higher it is just because it has this thing and potentially competitive coin. Bitcoin's market demand keeps increasing day by day and that is how it looks like. If we only have Bitcoin, we might not be able to see that it will reach what it has today.

ReiMomo

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Quote from: kryptokant on October 16, 2019, 02:06:05 PM

most alts are no competitor to bitcoin. just very few try to fit in the same usecase. even if they would be better bitcoin has the first mover advantage. but everything is possible

Yep yep! because altcoins will help to have a trading pair from bitcoin. But in my own conclusion, I think the bitcoin price might double or triple it's valued since there is no trouble on it and there will be a lacking of supply due to high demand so the price will always increase and that's a good thing to those people who invest a lot on it. They might earn huge profits.

kryptokant

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most alts are no competitor to bitcoin. just very few try to fit in the same usecase. even if they would be better bitcoin has the first mover advantage. but everything is possible

thesmallgod

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it will just be a stable coin just other ecurrency. Bitcoin will not reach its potential and the price will just be varying without any huge differences. Also, I doubt if alot of people will know about bitcoin the way it was today and there will be no many trading platforms as we have it today. I strongly believe it will just be another currency created just like perfect money, STP etc. and probably little will be known about satoshi nakamoto whom has become a wanted person today globally Grin

Wintersoldier

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Quote from: bittamak on October 16, 2019, 07:59:54 AM

When an innovation happens like blockchain (bitcoin) and other projects tend to follow a successful model so, its very difficult to imagine not having other crypto's being bitcoin on the helm.

How can you say so? If altcoins will be eliminated out of the market, bitcoin will be remaining still, and bitcoin is still a cryptocurrency, wherein, one of the characteristics of a good crpyo is its market volatility depending on the demand on it. If altcoins will going to perform in the market, bitcoins market volume will spike so hard as people will have no option to convert their currencies into. But, a world without altcoin isn't seems so possible.

bittamak

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When an innovation happens like blockchain (bitcoin) and other projects tend to follow a successful model so, its very difficult to imagine not having other crypto's being bitcoin on the helm.

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If there is no altcoin or other cryptocurrency Bitcoin will not be as it is now. See if there is no Bitcoin, will there be innovations from another blockchain?
Like no ICO, IEO, Blockchain Event, smart-contract from other crypto innovations, etc.

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Quote from: gaston castano on October 15, 2019, 10:50:10 PM

if there were no other crypto currencies then btc would not be as popular now.
maybe it's true that alt prices depend on btc, but btc also depends on alt.
just imagine if there is only btc, then there are no smartcontract, ico, ieo, other blockchain events, btc will only be a stretch of sand in the desert.

I couldn't think the situation of no other cryptocurrency that btc is only existing. Possibly people would focus on btc but less popularity because some alts makes the btc in demand. Less competitions could transpire in the crypto market, no Ico project and others could occur.

Bounty Don

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Bitcoin is a major coin in crypto world. All-time Bitcoin price is very high in the market. I think there is no other crypto currency and altcoin price effect on bitcoin. Bitcoin price is high it is no reason for other crypto prices. Bitcoin prices rise due to the increase in demand. Again, the price of bitcoin decreases as its demand decreases. At this time bitcoin using many sectors. In other sectors, the use of bitcoin more or less. Due to its impact on bitcoin prices.

gaston castano

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if there were no other crypto currencies then btc would not be as popular now.
maybe it's true that alt prices depend on btc, but btc also depends on alt.
just imagine if there is only btc, then there are no smartcontract, ico, ieo, other blockchain events, btc will only be a stretch of sand in the desert.

nasipadang

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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.?

In my opinion if there is no other digital currency besides bitcoin, there are 2 possibilities. Firstly because of the absence of altcoin or cryptocurrency other than bitcoin, the market demand in bitcoin will be even greater and prices will go up, this is if the user still believes in bitcoin. The second is because there is no concept development on the blockchain for bitcoin, users may not be interested anymore because I think there will be many problems that arise in the market, which will have a negative impact, so bitcoin is abandoned. We need altcoin to develop the technology available on the blockchain, because there are still some weaknesses in technology and can still be developed as well.

Rufsilf

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Quote from: yulionoo on October 15, 2019, 07:58:10 AM

in my opinion if there is no other cryptocurrency maybe bitcoin will not be able to develop as fast as it is now. because bitcoin has no competitors and developers will not update the system. so maybe bitcoin will stagnate. although the bitcoin market now controls the crypto market but in my opinion we still need altcoin to enliven the crypto market. and with altcoin makes investors more interested in investing because of the many choices.

Competitions make the crypto market alive and the demand will also be increasing. As we can see that a lot of altcoins are in the deep lows or we may say dead cause they are out from the race. It is similar to what happened between fiat money and Bitcoin, people have options.
If we only have Bitcoin, I don't think that we even reach into $5k, not saying it will stay at $1 each but probably it won't go much higher.
I may say, we are too thankful for altcoins existence and this is a reason why Bitcoin becomes valuable.

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Quote from: MATHReX on October 14, 2019, 03:05:43 AM

See, in the hypothetical situation where there is no other cryptocurrency than Bitcoin.
We would have never reached the potential that we have today for the cryptocurrencies because it was not just the BTC but so many other alt-coins that made news and spread the word about it.
Moreover, the TPS of BTC is so low that it would never reach mass adoption because even here, the higher TPS alt-coins made it possible to use cryptocurrency for day-to-day purchases and transactions, thus reaching mass adoption.

So, the price wouldn't be high but very low.

Exactly not potential other altcoin except bitcoin could have reached to higher price, with thousand kinds altcoin still lower price under bitcoin. After bitcoin as currency I think not other altcoin can be competitor for bitcoin as currency payment, altcoin have weakness can't be stable coin because lower price, bitcoin could be better with higher price and get support for recovery back to higher price.

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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 think Bitcoin has reached its peak never to see $20K again.

Keep an eye on the upcoming projects that aren't controlled by shady corporate entities.

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Quote from: yulionoo on October 15, 2019, 07:58:10 AM

in my opinion if there is no other cryptocurrency maybe bitcoin will not be able to develop as fast as it is now. because bitcoin has no competitors and developers will not update the system. so maybe bitcoin will stagnate. although the bitcoin market now controls the crypto market but in my opinion we still need altcoin to enliven the crypto market. and with altcoin makes investors more interested in investing because of the many choices.

You are right because of the altcoin hypes, people become more aware about Bitcoin and help the price grow due to the investors who bought Bitcoin first before investing it to other altcoin. Nevertheless, Bitcoin can still achieve what it has until now even without these altcoin but in a slower progress. Bitcoin already have a strong community even before the altcoin created but because of it's creation the community become more lively and Bitcoin supporters increased.

yulionoo

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in my opinion if there is no other cryptocurrency maybe bitcoin will not be able to develop as fast as it is now. because bitcoin has no competitors and developers will not update the system. so maybe bitcoin will stagnate. although the bitcoin market now controls the crypto market but in my opinion we still need altcoin to enliven the crypto market. and with altcoin makes investors more interested in investing because of the many choices.

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