Topic: The effect of altcoin on bitcoin? - page 2. (Read 709 times)
We are having trouble with the negative comments of those who have lost their money in this way. People new to the market are doing it more often. Anyone who investigates a little and gets these jobs will earn more.
I do not think that the birth of many altcoins has a tremendous impact on the value of bitcoin. We see that bitcoin is still king and it affects the price of the remaining virtual currency. a lot of virtual currency itself eliminates each other for competition and it must depend on the value of bitcoin. Bitcoin is still the virtual currency received the most attention from investors
The first coins were more copies of Bitcoin, with minor changes. Over the years, new projects have been emerging and bringing innovations and new uses / variations to Blockchain technology. Today, there should already be some 2000 tokens, but only what is useful will survive and affect this market significantly.
Since the advent of bitcoin in 2009 led to cryptocurenccy experts competing to make another new coin like bitcoin, this is ALTCoin, where ALTCoin moves at the rate of bitcoin, most people use ALTCoin as the fastest way to collect bitcoin , because the rate or rate is often very promising against bitcoin, began the emergence of many ALTCoin make some coin is just a boom but also many investors and the various types.
What is the effect of increasing the amount of altcoin on bitcoin?
Now a days alternate coins has a very huge impact on bitcoin, they are the most important governing factor of valuation of bitcoin, due to some doubtful future of bitcoin and the negative rumours that FUDs snare spreading against bitcoin are some of the cause why people are rushing towards other alternate currencies and thus there is a decrease in demand of bitcoin leading to deflation of valuation of bitcoin, so I think altcoin has a very great impact and yes most obviously affecting the valuation of bitcoin. What is the effect of increasing the amount of altcoin on bitcoin?
As the altcoins rate increases the price value and the circulating supply of bitcoin decreases which decreases its demand and its market dominance, hence the existence of altcoin is a threat to bitcoin itself if its starts ganging more followers at an accelerated rate.
Do not compare bitcoin with altcoin bebrapa, because bitcoin is the pioneer who obviously has more advantages, and the highest bitcoin excess level is in the largest Company Network and proven security system. Can not be defeated by altcoin.Bitcoin has proven usability case as the value of storage (data). some altcoins have tried to follow the trail by applying smaller scales such as market predictions, or anonymous transactions.
There is some kind of altcoins effect on Bitcoin, but the reverse is more relevant. That is, Bitcoin has a much greater influence on the market and consequently the prices of altcoins.
At some point the demand ia getting lessen which cause the development delayed. On the other hand alterative coins also help cryptosystem reach greater numeber of in the community which basically a benefit for.bitcoin. alternative coins are mostly connected with bitcoin specially on exchanges which is being used as exchange basis.
I see bitcoin as the leader of altcoin, the price of BTC affects much to the price of Altcoin but the altcoin can not affect the price of Btc.
Perhaps with this altcoin the majority of people are more interested in trying to invest in it so the interest for bitcoin can be reduced.But I still support the existence of bitcoin that the price will continue to increase in a relatively long period.
NO I do not think that if people will invest in altcoin then they will not invest in bitcoin but people invest in altcoin only for a short term trade to grab the opportunity to increase their bitcoin and then they again shift their money to bitcoin and they keep their money in bitcoin for long term. The investor increase for bitcoin if new altcoins advertise the technology. Trading inter-crypto is a thing, but its a net zero sum game and tends to less money on most parties. It works only to attract these restricted / limited amount of ppl who seek for risk taking opportunity.
I think this is another way to earn money quickly, either from altcoin developers or from participating parties from ICO, even though there has not been a clear and real product of the altcoin
I think Altcoin itself was created to be coupled with bitcoin, but some things we can know is that the role of bitcoin against altcoin is more influential than altcoin itself, hence we can assume that altcoin is just a plain metal that can be swapped to the bitcoin, if we think bitcoin is USD and Altcoin is currency of the some country, hence from that to whenever the role of bitcoin and its boom in society will never be replaced, because bitcoin is the first cryptocurenccy created.
Since the advent of bitcoin in 2009 led to cryptocurenccy experts competing to make another new coin like bitcoin, this is ALTCoin, where ALTCoin moves at the rate of bitcoin, most people use ALTCoin as the fastest way to collect bitcoin , because the rate or rate is often very promising against bitcoin, began the emergence of many ALTCoin make some coin is just a boom but also many investors and the various types.
What is the effect of increasing the amount of altcoin on bitcoin?
I think its influence is not very significant, except some altcoins that do have new innovations like ETH. Because I see 85% of the existing altcoin is just as a complement. Then the rest is the one that has an effect on the progress of bitcoin. What is the effect of increasing the amount of altcoin on bitcoin?
The effect might be two way , one is negatice another is positive. the negative effect might be , bitcoin can reduce it's whales or large investors because of a wider range or variety of alternative coins, while thhe positve effect is gaining more attention , why did I say that? , crypto rose up because of bitcoin thats why when other people that are not engaged in crypto hears the word crypto , they just think of bitcoin , becauyse bitcoin is superior to many alternative coins.
In my opinion it is quite the opposite. Bitcoin regulates the market. Burn for dependence. BTC is increasing the majority of altcoin as well. This is how BTC affects ETH. ETH influences the majority of Alt based on its technology ...
Bitcoin remains the leader of all alcoin. Bitcoin is the measure for all altcoin because you compare alltcoin with their strength on bitcoin. Bitcoin influence the altcoins both in price and market movement. So altcoin can not influence the value of bitcoin because they all depend on Bitcoin.
Both Bitcoin and altcoins influence the market since the day they were created. Both cryptocurrency brought a lot of change in the economic society. First big change is money transaction facility. People like to use cryptocurrency money transaction facility because cryptocurrency provide their user uninterrupted money transaction facility. With low transaction cost and fast processing facility. Because of cryptocurrency people like to use online shopping sites. Cryptocurrency change the way of investment. 
Everyday new new altr coin listed in the market that will affect the bitcoin price . thats why competition increasing between btc and altr coin .
Since the advent of bitcoin in 2009 led to cryptocurenccy experts competing to make another new coin like bitcoin, this is ALTCoin, where ALTCoin moves at the rate of bitcoin, most people use ALTCoin as the fastest way to collect bitcoin , because the rate or rate is often very promising against bitcoin, began the emergence of many ALTCoin make some coin is just a boom but also many investors and the various types.
What is the effect of increasing the amount of altcoin on bitcoin?
What is the effect of increasing the amount of altcoin on bitcoin?
The effect of an increase in the amount of altcoin is currently not very significant as long as altcoin still refers to bitcoin to determine price movements in the market because with that altcoin manufacturing goal we will know that just to get more bitcoin is not to be a coin that becomes a competitor for bitcoin in ecosystem of cryptocurrency.
Altcoin coins may slowly snatch the market share of bitcoin, but I think that as the community's influence expands, more altcoin will push the community forward.
Perhaps with this altcoin the majority of people are more interested in trying to invest in it so the interest for bitcoin can be reduced.But I still support the existence of bitcoin that the price will continue to increase in a relatively long period.
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