The big picture they've all been missing

ethereumhunter

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Quote from: xvids on February 28, 2019, 12:19:45 AM

I think it is true most crypto depends on the price of Bitcoin,
So how can they kill Bitcoin?They should know that if they kill it they also commit a suicide,
And to be honest I don't really think that there are crypto out there right now that could take over the place of Bitcoin.

If they killed Bitcoin then they will also get died, right? Grin

I don't think the altcoin can beat or compete with bitcoin and I am sure that bitcoin will still at the top position at the crypto because bitcoin is the leader of the other coins. But we don't know what will happen with the future as the future still dark for all of us and we could only follow the journey of cryptocurrency while we can try to make a profit from the crypto itself.

virasog

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Quote from: geminiboy on February 25, 2019, 03:13:43 PM

yes, altcoin dependence on bitcoin will remain forever, we invest only based on the value of bitcoin, understanding of the decline and rise of bitcoin is very important to learn as a basis for investment in altcoin

Altcoins depends upon the movement and in most cases even the price of altcoins is directly related to bitcoins. We often see that once bitcoin is dumping the altcoins also start dumping and dump even more hard than the bitcoins.

Bitcoin is the major currency and therefore we see that bitcoin dominance is above 50% which shows how much dominant is bitcoin.

TheCoinGrabber

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Well, they can try to be standalone but save for a few like eth, monero, etc., most of these alts are mostly for trading with bitcoins. Many can't even be used for purchases.

They sprouted out thanks to bitcoin and for the time being requires bitcoin to be alive.

susila_bai

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Quote from: zikzag on March 01, 2019, 02:31:47 AM

Without bitcoin there is no crypto at this time. But in the future, everything can change and another more advanced crypto technology to force out bitcoin. Without development there is no crypto.

That can only happen if that Coin is not controlled by the developer and it is open source just like Bitcoin which is running itself as currency which dont need any project to promote itself. So i think it will be very hard to beat Bitcoin in the near future. It is true that in starting lot of big projects which were based on bitcoin are running successfully like gambling industry and which ever tried to promote their own coin have not succeeded.

zikzag

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Without bitcoin there is no crypto at this time. But in the future, everything can change and another more advanced crypto technology to force out bitcoin. Without development there is no crypto.

Moiyah

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There are some points that I have to agree with your statements. We all know bitcoin first as cryptocurrency. Next is eth and other altcoins. Your bottom line here is that, BITCOIN will still be the no. 1 crypto. In fact, you are saying that we should promote it first before any other altcoins and I think it isn't appropriate to do that.

Investors are always have a choice what to promote since crypto currency world has so many coins to offer.

xvids

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I think it is true most crypto depends on the price of Bitcoin,
So how can they kill Bitcoin?They should know that if they kill it they also commit a suicide,
And to be honest I don't really think that there are crypto out there right now that could take over the place of Bitcoin.

mapanlah

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Quote from: mrdeposit on February 20, 2019, 05:03:26 AM

If all the news about Bitcoin influences the whole crypto market, I guess that is enough. No one can know whether this is going to happen, but to replace BTC with one of today's crypto, more things are needed to be change. It is like you want to change the fundamental of a 20-floor building.

we should realize that crypto prices change very quickly, so don't be a reason for us to complain about prices. so we can take the positive side of the crypto market which is always monitoring a large news story that can affect prices and we can make the right decision when is the time for traders to start selling and buying.

Wildwest

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Quote from: kaisa on February 19, 2019, 09:15:08 PM

All crypto requires Bitcoin, why? the logic is that every crypto made through ICO or IPO sales is bought with bitcoin or ethereum. But most people prefer bitcoin to save their funds, so the bitcoin network will never go out. Even though prices tend to go up and down, I'm sure it's part of the dynamics to keep bitcoin alive.

And exchanges also affect the altcoin price of bitcoin because there are lots of exchanges that pair altcoin and btc, thus affecting all altcoins

geminiboy

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https://ammut.network/

yes, altcoin dependence on bitcoin will remain forever, we invest only based on the value of bitcoin, understanding of the decline and rise of bitcoin is very important to learn as a basis for investment in altcoin

meanwords

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I agree with this one. That's why Bitcoin is the king. There's no way that another coin will be able to take over the crown unless something happens, some relevant event that would shake the entire crypto space. "There's no crypto without Bitcoin" a fact that people are missing because before people invest in altcoins, it is a necessity to buy Bitcoin first. Also, Bitcoin is the foundation, all other coins rely on it.

Caladonian

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The logic behind this thread will help newbies to pick first the reality, bitcoin already have the support and whatever happens it will be the first thing
to gather before any alts that will be created, so promoting bitcoin first is the best thing to do if you are also investor of any other coins, if bitcoin rise
high, the next thing will happen is gaining the bull inside the whole market.

Being realistic and always be wise when investing, there's a big future ahead if you know what to pick first and hold.

BeManga

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CryptoDirectories.com

Quote from: yesyes18 on February 19, 2019, 05:01:25 PM

First of all let me make this point clear: There's no Cryptos without Bitcoin

The space largely has two main sides: the tech, blockchain and the money, cryptos. We have all been seeing various projects develop and some are as dumb as saying they'll kill Bitcoin lol. It can't happen (at least now that Bitcoin controls way more than 10+% of the market)

So what all these new projects need to focus on is make sure to promote Bitcoin first. I say so because it is the bigger picture, and the hard truth.

Come to think of it, What type of news didn't we hear about Ripple last year??? But Ripple nearly tumbled until the recent Bitcoin gains helped out. As for fake satoshi, hehee.... his story is funny!! trying to kill Bitcoin??? lol.. that's the dumbest thing to do, and now look at his coin lol

Honestly, the mainstream valuate the whole space by the metrics of Bitcoin and so if you're a developer building anything and seeking mainstream adoption (which we definitely need), then you need to always promote Bitcoin

So in a nutshell, the logic is that, as Bitcoin grows, we all grow together in untiy and strength because Bitcoin is what binds crypto and blockchain mainstream adoption.

So let's stop the hate against Bitcoin and the zeal to kill BTC, you can't do that, you'll rather die and Bitcoin will be living lol without anyone adopting your project hehee. When Bitcoin is up, people will utilize products of the space like crazy.

There's no crypto without Bitcoin

i agree all crypto come from bitcoin
for those ambitious who say they will kill bitcoin it will take a lot of years for them to reach what bitcoin is right now
can be accepted in some website , main currency in exchange , you can use to pay even in some physical store
what bitcoin have right is not what they can achieve overnight

hv_

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Clean Code and Scale

Quote from: yesyes18 on February 19, 2019, 05:01:25 PM

First of all let me make this point clear: There's no Cryptos without Bitcoin

The space largely has two main sides: the tech, blockchain and the money, cryptos. We have all been seeing various projects develop and some are as dumb as saying they'll kill Bitcoin lol. It can't happen (at least now that Bitcoin controls way more than 10+% of the market)

So what all these new projects need to focus on is make sure to promote Bitcoin first. I say so because it is the bigger picture, and the hard truth.

Come to think of it, What type of news didn't we hear about Ripple last year??? But Ripple nearly tumbled until the recent Bitcoin gains helped out. As for fake satoshi, hehee.... his story is funny!! trying to kill Bitcoin??? lol.. that's the dumbest thing to do, and now look at his coin lol

Honestly, the mainstream valuate the whole space by the metrics of Bitcoin and so if you're a developer building anything and seeking mainstream adoption (which we definitely need), then you need to always promote Bitcoin

So in a nutshell, the logic is that, as Bitcoin grows, we all grow together in untiy and strength because Bitcoin is what binds crypto and blockchain mainstream adoption.

So let's stop the hate against Bitcoin and the zeal to kill BTC, you can't do that, you'll rather die and Bitcoin will be living lol without anyone adopting your project hehee. When Bitcoin is up, people will utilize products of the space like crazy.

There's no crypto without Bitcoin

Bitcoin is the new thing. It is unique and many want to copy or modify it.

But what is the essence of it, the really new thing in it, that made it run and working at first place?

It is the PoW mining txs into the chain - on chain. It is legally specked up in the white paper and define honest mining and the protocol very strictly. Any deviation from that is seen as an alt, experiments and a try to do 'better'.

All other crypto experiments have no big new thing are too complex, never can scale, are illegal and will die imo.

btc78

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Eloncoin.org - Mars, here we come!

This is one of the best argument for realization that i have read this year,very impressive and worth to read

I hope this will take effect to all concerns as we need more of this now,specially these days as bitcoin is showing some positivity with ngood growth

Quote from: cizatext on February 21, 2019, 09:38:18 AM

Very accurate and timing I have seen many projects coming out to say the coin is going to surpass bitcoin and some times I wonder can that ever happen considering the space bitcoin has covered already, bitcoin is the mother coin and all other cryptocurrencies depends on bitcoin for their growth so when you promote bitcoin you are also promoting your own coin no cryptocurrency without bitcoin.

Most of the project that says to overthrown bitcoin are now a dying coins already 😂

They don't being thankful about what bitcoin gives them instead criticizing is what this coin got from them

Kakmakr

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A lot of people do not understand the investors minds, when they think that it is a good idea to promote their own shitcoins and at the same time criticizing Bitcoin. Ask yourself this question : Do you think people will invest in your shitcoin, if the strongest coin in the market fails?

Bitcoin must be seen as the anchor technology for the investors to have enough confidence to spread their portfolio into other Crypto currency technologies. Wink

pooya87

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Quote from: yesyes18 on February 20, 2019, 05:54:03 AM

~
Lol, you are right but it seems you aren't getting me. You have witnessed the recent explosive developments we have had in the space of late? I guess yeah but what happened next, nothing. We are still stuck at where we are. You know what, don't examine this by assuming that everybody likes the tech. Honestly speaking majority of us in the space, about 90% may have entered to make money and that's why no one uses the platform as the money drained out.

Have you asked yourself why almost more than 90% of Ethereum DApps recorded null platform transactions recently??. That's because the money is gone and all I'm saying is that people will only use thses altcoins and sh*tcoins should Bitcoin move up.

And for those self-acclaimed Bitcoin killers, what did they gey in advance??, nothing.. take a look at their coins even after massive developments. I am not denying the fact that we need other tech advancements in the space, but I'm saying we may not reach where we want to if we start developing by saying we're gonna kill Bitcoin lol..

again you are confusing two different things:
- shitcoins with developers and advertisers who are full of shit. they don't do anything, their coin/token is completely useless and they always claim they are better than bitcoin or going to replace it,... these shitcoins are only getting pumped and dumped for a while then they die.
- decent projects with some interesting innovations that aren't being advertised like the first group and you won't see them because they are not among top 10, 20 shitcoins on coinmarketcap.com but they do exist.

i am not disagreeing with the fact that coins like ETH, ETH's ICO tokens, most of the top coins like XRP, DASH, LTC, ... are shitcoins. all i am saying is that what you suggested here about all the altcoins should praise bitcoin is wrong.

Quote

simple logic here is that;
Bitcoin goes up, ALTs go up, money flows into the space, people get attracted to the money, mainstream adoption grows, crypto grows. That's it.

that is not really how it happens though.
in fact most of the times when bitcoin rises (as in a rally not a 5-10% small rise), majority of altcoins get dumped hard because traders pull their money out to put back in bitcoin.

Bitfling

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Quote from: Russlenat on February 21, 2019, 07:45:27 AM

Quote from: PlusOne88 on February 21, 2019, 04:47:50 AM

People would always invent things and I believe that even without bitcoin the chances are cryptocurrency will eventually appear. Games had ecoins and some similar stuff which could eventually lead to the use of cryptocurrency. But on the other hand, we should take note that if it was not because of bitcoin which started the cryptocurrency, it is as well possible that cryptocurrency could not have gone this far. So we should all thank bitcoin and the originator for this like satoshi. For without him the utility that we get out of it will never be realized.

Of course we are so thankful for this great invention and this is the reason why many individuals have already change their life into a better one.
This in only an inventions which could give a huge contribution to the community and a system which signifies digital currency will be an another options as a mode of payment.

Bitcoin give big change for many peoples life. Many people get their economy growing better because they invest in bitcoin at early stage and i think bitcoin invention good invention becuause useful for many people. If this market growing bigger, i do believe will change economic system in the future

Reid

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I have been telling that all around here (altcoin section, trading and economics) but it looks like it doesnt work.

They are all picking a new token from an ICO or just the old ones.
I say why not pump bitcoin first. That way all coins can be dragged upward since almost all altcoin by now are just relying on the bitcoin price.

It is in plain sight, easy to see. Ethereum is up and almost everything in my portfolio when bitcoin is getting a good pump. Support bitcoin first then we will all be happy.

magneto

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There is a reason why I think that bitcoin will continue to dominate the crypto space even when future innovations come.

I think that bitcoin being the first and most proven cryptocurrency will always be the most trusted. The first mover advantage that bitcoin has in my opinion is far more significant when the majority of the projects are based off the open sourced idea of blockchain.

Also, most of these crypto projects that are coming out are addressing completely different aims and have different missions - a lot aren't even in direct competition with bitcoin. Bitcoin is a pure, decentralised cryptocurrency that has the most adoption and acceptance worldwide. Other crypto projects serve niches. Thus, I believe that BTC is still most likely the best crypto as a store of value in the long run.

Topic: The big picture they've all been missing (Read 701 times)