No other currency - page 5. | Bitcointalksearch.org

boyptc

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Total market cap: $227,146,788,090

Let's compute it if there are no altcoins that will share the market cap as of this date.

Total circulating supply of bitcoin: 17,992,337BTC

$227,146,788,090 / 17,992,337BTC = $12,624

Source for total market cap and circulating supply of bitcoin --> https://coinmarketcap.com/

Quote from: Dabs on October 14, 2019, 02:07:25 PM

That implies a price of about $12k USD instead of $8k.

Yeah $12k, same as the calculation.

Rufsilf

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Quote from: josephrioveros123 on October 14, 2019, 03:56:28 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.?

Market competition makes prices go up and down as the market demand fluctuates also. If Bitcoin stand-alone, I don't see prices keep so high and higher but rather to stay at low or we may see no volatility around. If we think about USD or even our local currency, does it moves higher? Is not, and it is the same thing that might happen if we only have bitcoin alone.

Dreamr

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Quote from: josephrioveros123 on October 14, 2019, 03:56:28 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 or any other cryptocurrency out there, the bitcoin price will be more expensive than the current market value. altcoins reduce the bitcoin market value since they are bitcoin alternatives. If you look at some of the altcoins such as litecoin, bitcoin cash, monero, and others - they are just bitcoin prototypes with extra features.

teosanru

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Quote from: josephrioveros123 on October 14, 2019, 03:56:28 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.?

No other currency and no other Cryptocurrencies are two altogether separate issues to address on. No other Cryptocurrencies would mean the whole volume of other coins being pumped into BTC which would naturally make it much more valuable than what it is now. Moreover there would not be any types of ICO or projects and even number of exchanges too would be pretty less. On the other hand if there were no currencies altogether instead of bitcoin then maybe we would just end up with bitcoin due to a deflationary spiral and come back to fiat bitcoin.

omone1

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Then bitcoin price would have been heavily traded and the price would maybe be something else by now, and the level of war against it by big banks would have been very massive. But practically wouldn't have been so good, because of the need for more complementing technology.

jarhed

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Quote from: Herry Toms on October 14, 2019, 02:05:16 PM

I think other altcoins don't have such an impact on bitcoin prices. It's about demand and supply when more people want more bitcoin prices to go up. So other alts have no effect on bitcoin prices.

Altcoins actually have a big impact on the price of Bitcoin. Thousands of coins provide great liquidity to Bitcoin, they are traded directly for Bitcoin. Therefore, Bitcoin needs all these coins at a high price.

Dabs

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The simple calculation would be to get the overall total marketcap of all coins combined, and since we take them all out, that would imply bitcoin is that marketcap.

At today's domination percentage of around 70%, that means add another 30%. That implies a price of about $12k USD instead of $8k. If the OP could make it so, the price would probably be a lot higher too, there are so many other factors involved, it may even be exponential.

Herry Toms

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I think other altcoins don't have such an impact on bitcoin prices. It's about demand and supply when more people want more bitcoin prices to go up. So other alts have no effect on bitcoin prices.

darkangel11

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There are many values to consider here like if potential investors are choosing between bitcoin and altcoins and if those investors were unable to buy altcoins they would choose bitcoin. I don't believe this to be the case. Many altcoin investors chose them because they already had bitcoin and wanted something else. If they had no altcoins to choose they'd buy gold or something else like stocks.

Wintersoldier

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Quote from: josephrioveros123 on October 14, 2019, 03:56:28 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 see it as not beneficial, basically, it is not just bitcoin that attracts huge market value or volume in the market. Mostly, advertisements from ICO's and altcoins contributed greatly to the development of cryptocurrency space and eventually helped to make bitcoin, the best cryptocurrency ever created. In summary, altcoins and bitcoins are helping each others to develop and attract investors that yields to cryptocurrency adoption around the world.

AicecreaME

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Quote from: MATHReX on October 14, 2019, 04:05:43 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.

I disagree, if altcoins was never created, Bitcoin will steal all the spotlight making itself more shinier, and its price would be crazy high than we could ever imagine. Imagine if all of the Investors, merchants and people will only use bitcoin because it is their only choice, mass adaptation would have been successful a long time ago, but since Bitcoin attracts too much attention for other people to create their own coins, I guess that affects the Bitcoin's price and its spotlight as well.

error08

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Then all of the market shares will just get into bitcoin, there won't be diversification, imagine all of those market caps fused into bitcoin market cap. Bitcoin should be able to reach over $50,000 at the moment, despite the lacking of scalability.

aris av

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I think if there is no cryptocurrency other than bitcoin then bitcoin will not be as popular as this, for exchange of course it requires another cryptocurrency and of course the existence of altcoin is also important.

Distraction

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In my opinion, there would be not much change for Bitcoin. Because I think the other cryptocurrencies does not effect the Bitcoin price. So, I think Bitcoin could be the same of now.

The Cryptovator

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Quote from: josephrioveros123 on October 14, 2019, 03:56:28 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.?

How you are wondering for high price if there is no competitor? Bitcoin is valuable because it would be use for buy other currency, I mean trading. That's the most plus point for bitcoin and its consider as a mother coin. Now imagine, if a girl's no have children then who will call him mother. So Bitcoin would faced same situation. But yes most likely it would used like other fiat as said by other user as well.

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Quote from: josephrioveros123 on October 14, 2019, 03:56:28 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.?

Competition in this kind of industry is not detrimental to the state of bitcoins but it is rather a healthy and advantageous condition. Competing with each other make it more challenging and gaining profit is more higher since there would be increase it money allotted on them and obviously not a one sided one.

febriyana

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If altcoin dissapear. Maybe Bitcoin also going crash.
Because if we see, the price of Bitcoin before also supported by altcoin, for example Litecoin.
So if no altcoin, there is a chance investor not interested about cryptocurrency. Because if only rely on Bitcoin, the inovation is really hard to build. Bitcoin with big fees also can make slowdown the transaction because there is a bunch transaction from people and exchanges.

Gozie51

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Quote from: Astvile on October 14, 2019, 04:29:06 AM

Bitcoins price will surely not the same as today, it is sure that price will be higher because investors don't have any choice to pick if they want to invest in cryptocurrency because there is only one and its bitcoin. So surely the demand will overflow that will cause bitcoins price to rocket up in a stable and fast phase.

Competition gives room to development. Bitcoin wouldn't have been where it is today if their were no solid altcoins like etheruem, monero , litecoin etc that are constantly growing in technology. Altcoin have brought a very good competition to the crypto market and that is why bitcoin too keep growing. Next year, halving comes and growth continues. Variety is a spice to life. Grin

CryptoBry

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Competition brings out the best and worst in all of us and I think that can be said of Bitcoin as well...or rather with people who are working with Bitcoin. Had there been no other cryptocurrency but Bitcoin then we should expect that the demand for it will be so high as there is no official alternative it would just be like a big monopoly. Just like the fiat money, since a certain country would not entertain tow or more official currencies, the official one is where the development is taking place and will be used by all people at least within the said territory...had this happened to Bitcoin then it can easily rival that of the biggest fiat money the USA Dollar.

However, since we all love decentralization and deregulation, other competing cryptocurrencies and even tokens come into the market with many serving niches which may not be reached technically and technologically by Bitcoin. Hence, I would say that we have a diluted market. Right now, we are in a very saturated marketplace with so many coins and tokens vying for the interest, attention and money of the captured market. There is in fact the need for the expansion of this market so that growth can be visible at all fronts.

Shenzou

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Quote from: josephrioveros123 on October 14, 2019, 03:56:28 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.?

Even though bitcoin and altcoins are all cryptocurrency, i think that they have a different audience or different way that people treat them, what i mean is that people invest in bitcoin and they hold it because they know that in the future the price of the bitcoin is going to be high, as for altcoin they invest in it in the intent that they will sell it or trade it as soon as they made certain amount of profit from it, and for that reason i think that even if bitcoin was the only cryptocurrency not much will happen aside from the fact that all those people who are investing and trading altcoin will migrate to bitcoin and that will boost the demand and also the price.

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