Topic: The big picture they've all been missing - page 3. (Read 755 times)

you are wrong. existence of bitcoin was the reason for the altcoins to start but they don't rely on bitcoin to exist themselves. the technology is out and anybody can use it and improve it in their own implementation and there are SOME that are already doing that although we never see them because the top altcoins are pump and dumps and everyone only talks about them instead!

they are not dumb. they are actually experienced. what they are doing is advertising. they know very well that their shitcoin is useless and the only way they can pump it is if they advertise it like this and have it pumped with hype.

define control?
if you define it as  whenever bitcoin price rises or falls, altcoins get dumped then bitcoin controls nearly 100% of the market!

i disagree.
there is no relationship between altcoins and bitcoin and there should never be any. altcoins should always be stand alone projects that explore the blockchain technology and the possibilities of doing things different than bitcoin because we can't change bitcoin but we can start a new coin (an altcoin) and have that change there. for example take LTC for example. we  couldn't change the block time of bitcoin and make it any faster so we started LTC. we couldn't change PoW so the PoS, and a ton of other algorithms started,...

you are wrong because what you are suggesting here is basically creation of shitcoins that praise bitcoin so that they can get pumped because they praised bitcoin. but what you are missing is that even if shitcoins get pumped, it will still be a pump and pumps don't last. so if for instance a shitcoin like XRP started praising bitcoin and then got pump it will still be dumped after a while and go back to its downward spiral of death because it is a "shitcoin" to begin with.

The thing is, project managers promoting that they could kill bitcoin are hypocritical knowing that before people buy in to their projects, they need to have bitcoin first, and bitcoin is the primary cryptocurrency that they are accepting for their projects, paired with ETH and the likes. At the end of the funding, the same managers are accepting btc and trading their own coin with it, so in part, these managers are still promoting the use of bitcoin due to their funding schemes though somewhat indirect. They still need BTC for almost every dealing in the cryptomarket, as its the only highway and avenue towards other cryptocurrencies. Perhaps bitcoin will lose its spot in the coming years or decades but not at a very fast rate.

Issuing new tokens/coins is fine as long as it's needed imo. For example, there's no way Bitcoin can be used in the ETH ecosystem, and therefore they need to create new tokens/coins, as well as Zilliqa compared to Ethereum. But I do agree that a lot of projects create unnecessary tokens for their ICO. The main reason is clear I believe because they run an ICO, and they need to give their investor something, which is why they created the tokens.

Another solution that I can think of is investor should be smarter when they invest in a project. There's no way we'll have 2000 tokens when investor didn't invest in them, but this is quite difficult because most people are greedy. Just see the recent BTT ICO, it went crazy, did 5x gain after it was listed in Binance without any real product.

End of the day each and every cryptocurrency into existence is interlinked to the bitcoin. The market volume, value of the assets everything is calculated in terms of bitcoin. Everyone is much aware about it, and why these projects use the term bitcoin to compare with theirs? It easily gets the attention of people as it is well known to the common people as it is found all around. In simple terms as in the Op what we do to make bitcoin grow gets reflected through other cryptocurrencies, without promoting bitcoin everything will be the same.

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.

In my opinion, I'd say yeah because ever since the inception of this tech, the progress has always directly correlated with the price of Bitcoin and so that fact continues to be valid

Aha..that's what I perfectly mean. I'm sure you have been in this for long and you have seen this that Bitcoin has always controlled the space

Ideally, that should've been it. We don't need no many coins, but well, as humans we can't do away with this. We like competition and so that's what resulted in all these and almost all of them have failed.

Perfectly said buddy, some major coins could've been utilised but since some developers are greedy as well as certain investors, we all ended up this way which is very bad.

You are correct mate bitcoin is the beggining of all no one can replace or kill it, those are just trying hard to promote their projects like example those forks saying they are the real bitcoin in fact there is only one with "BTC" Ticker. Blockchain is slowly growing and the birth of new altcoins is growing too. Big companies, Banks and merchant is slowly adapting too cryptocurrency will play a big part in the future.

I somewhat agree to your statement. However, there are few "if" and "but" in it. Bitcoin definitely controls more than 10% of the market and whatever trends we are seeing since its inception proves that bitcoin dominate the pricing factor as well for other cryptos. So it is true that bitcoin needs to be promoted at highest priority if we want the crypto market to survive.

You are suggesting to other crypto owners to promote bitcoin. But for me, there should not be more than 10 cryptocoins in the entire ecosystem.

I sometime feel that crypto market is losing direction and confusing the investors due to the vast portfolio. We now have more than 2000 coins listed in cmc. There are around 1000 unlisted and delisted coins available in the market as well. More than 99% of these vast number of coins are just useless and belongs to some or other ICOs which are non functional.

My suggestion is that, instead of creating new coins for each separate businesses, why don't they use an established coins like Bitcoin or ETH. Instead of issuing digital tokens, they can issue a contract note which can be converted to either bitcoin or ETH after certain interval. We can think of a process for that but I seriously think that new tokens need to be stopped at any cost as it is only ruining the market without doing any good to it. The investments are getting divided and demands are dropping due to the existence of too many tokens and coins in the market. Think through and let me know what do you feel!

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