The effect of altcoin on bitcoin? - page 3.

jcarlo

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Quote from: Kelampok ijo on May 15, 2018, 08:05:45 AM

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 there no effect altcoin on bitcoin price. Bitcoin still to be leader on market cap. Altcoin reducing bitcoin dominance from december 2017 till now, on december 2017 bitcoin dominant more than 50% and right now bitcoin dominant below 40%.
Altcoin make cryptocurrency market more healthy and investor have more option on their investment

Getmon

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Quote from: Kelampok ijo on May 15, 2018, 08:05:45 AM

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?

The rise of so many altcoins will affect Bitcoin's price appreciation. Before, when someone decides to join the cryptocurrency, he or she will only choose Bitcoin. Primarily because there is no other coin but only Bitcoin. Now, when a person chooses to enter and invest in crypto, he or she will have so many options. And when I say so many, I do not only mean hundreds. I mean more than a thousand. Bitcoin is not the apple of the eye anymore in crypto world. We know there are several others competing the juicy investment money of crypto supporters.

Zahrowil Qolbi

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if you think that "ALTCoin is moving at bitcoin rate, most people use ALTCoin as the fastest way to collect bitcoin, because the rate or tariff is often very promising against bitcoin, the start of many ALTCoin makes coins just a boom but also many investors and various types. then the feknya will be more advantageous bitcoin. bitcoin prices will soar.

newcryptocurrency

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According to me With the altcoin in the world cryptocurrency is very much role for bitcoin.Yang because of the influence of altcoin very much so great to bitcoin that can boost the price of bitcoin itself. Altcoin growth and development in recent times experienced a very significant increase and increase.This also affect the investors to compete to invest in projects on the altcoin.

Turkish88

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I think altcoin effect to bitcoin is minimal, more altcoins depends from bitcoin.
Many alts who traded only for btc totally depends from it

Ntaa

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I think with the advent of altcoin can make bitcoin more popular and Altcoin affects the bitcoin price though not so great.
But, there are also negative effects if too many new altcoins appear. many altcoin are scam and this can make a negative effect on bitcoin

TahuDiniHari

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talking about altcoin and bitcoin is very interesting. varied and constantly changing values at all times indicates that both play a role in crypto. My experience, if the bitcoin value rises a lot of altcoin whose value falls. however, if the bitcoin is falling in value, the altcoin value rises significantly.

Robertqueen2

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Many people keep talking about how other altcoins will surpass Bitcoin in the future and reduce its value. WHY SHOULD BE THERE SUCH A CLASH?. It is not a matter of a competition, it is a matter of being adaptable and modifiable so as to meet the future expectations. It is true that bitcoin has the feature of being the first digital currency in the world, but this does not necessitate that it will still control the market because there are some altcoin that bear a striking resemblance with bitcoin will stabilize the market and create a state of balance.

Remainder

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For me bitcoin is never affected to the blooming numbers of altcoins in the market, in fact altcoins really rely on bitcoin because if bitcoin price drop altcoins also drop, investors and traders are collecting bitcoin by trading altcoins and convert into bitcoin.

Keeping Up

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Quote from: Kelampok ijo on May 15, 2018, 08:05:45 AM

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?

for me the emergence of altcoin may have indeed resulted to a lot of factors concerning bitcoin.
there may be instances that this have cause negative effect to bitcoin.
but for me overall it has created a more positive effect since they have been the also a factor in promoting cryptocurrency.
let us remember that bitcoin was not created to cater all the needs of people with different purposes upon using cryptocurrency.
through this altcoins more and more people are getting to know bitcoin.
i am just hopeful that time will come that we will be able to totally eradicate altcoin project whose main intentions are just to scam people of their own money.
Cheesy

sevendust777

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Quote from: Kelampok ijo on May 15, 2018, 08:05:45 AM

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?

Altcoins rely on Bitcoin as it is the center of the crypto world. People buy and hold more altcoinss just to gain more bitcoins. Some people believe that bitcoin should be the only cryptocurrency. And altcoins as competiton which some has new different ideas through blockchain. . It will help bictoin improve more. The increase amount of altcoins are healthy competition for bitcoin.

ktmola95

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There are effects of altcoin on bitcoin. There are plenty of altcoins now. Therefore, investors will get divided between them. But alcoins are based on ethereum or bitcoin. Therefore, investors have to hold onto them. Main thing is bitcoin has made a reputation already. Therefore, people tend invest on it. Good thing of altcoins is they helps small investors to grow big. After making a sufficient capital from them, investors invest on bitcoin.

kulitmanggis

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altcoin does not give a definite effect on bitcoin because it can make the effect of only bitcoin, when bitcoin rises altcoin also goes up while when bitcoin down altcoin also goes down.

salintheonline

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It is normal for people to panic sell altcoins if bitcoin price is going up quickly. Likewise if bitcoin price is declining rapidly, people will buy altcoins to hedge against the bitcoin price drop.
In general though, most altcoins increase in value faster than bitcoin. Higher risk, higher reward.

West0813

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I think in the future altcoins will affect bitcoin. Because of high number of altcoins that are introduce in the market every month. There will be more competition between bitcoin qnd altcoins.

sanida

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It is a good side for Bitcoin because it will not stop the demand of Bitcoin everyday there are a lot of traders so the economy won't die.

nani culi

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Due to increasing demand of alt coins the popularity of bitcoins is decreasing. Now the market cap is being shared .

MaidaKalani

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I do not think there is any effect if an increase in the amount of altcoin in the bitcoin. Because altcoin is not the mother of all coins. It's just that there will be competition among altcoin in circulation.

janhllr

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It is strongly correlated from what you see in the data trends. Let’s explain the basics then throw some examples.

Simple math, ALT/BTC ratio would decrease if:
- ALT coin’s value drops (i.e. people are selling the ALT coin or trading it for BTC or other ALT coins).
and/or
- BTC value increases (i.e., more demand for BTC from various accounts including USD and ALT coin conversion)

Similarly, ALT/BTC ratio would increase if:
- ALT coin’s value increases (i.e. people are buying an ALT coin by trading BTC or other ALT coins).
and/or
- BTC value decreases (i.e., BTC is cashed out for USD or other currency or traded for ALT coins)

Julia Wilson

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The most of altcoins are traded for Bitcoin, which means you can only buy them (or sell) using Bitcoin. If the Bitcoin price drops down you can usually observe the same move in regard to the altcoin price chart. Also altcoins are (usually) crypto currencies. Therefore alt’s prices will react the same way as Bitcoin in case of government regulations (or macroeconomic factors) concerning crypto currencies.

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