The altcoins all come out for a different innovation. But to me, most altcoins are valued depending on the price of bitcoin.
But I think some altcoins are independent of bitcoin. For example, Dash. Former name Darkcoin. Dash completes a major lack of bitcoin. People who use bitcoin generally want to be anonymous. Thanks to the anonymity feature Dash brings, it is a system independent of bitcoin.
I think Dash will be much more popular in the future.
Topic: What determines the price of Altcoins? (Read 3330 times)
If the volume of the coin is rising the coin price will probably go up.
Nope, you must read economy 101, if the supply is increasing and the price of the coin will get a decrease because of a lot of supply for the limited demand. Maybe they covered interpreting trade volume in "Economy 102" for the first time. @Trades got the price development probability right. Supply and Demand are all so often ballanced out by a small group doing trades with themselfes.
We had a chance to see that Bitcoin didn't afflicted prices of few coins, because they have roots in darknet and they don't depend on governments and their decisions. I bealive this is true goal for every coin. This is where BTC failed to do.
BTC will have to be tied into conventional fiat systems to grow. Its the only way that it got as far as it did.
Altcoin prices are purely speculative in nature. Since that are not used for anything other than speculation, ETH included. BTC too but you can use it to buy certain things.
We had a chance to see that Bitcoin didn't afflicted prices of few coins, because they have roots in darknet and they don't depend on governments and their decisions. I bealive this is true goal for every coin. This is where BTC failed to do.
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If the volume of the coin is rising the coin price will probably go up.
Nope, you must read economy 101, if the supply is increasing and the price of the coin will get a decrease because of a lot of supply for the limited demand. These all come back to supply and demand.
Some are describing how demand is generated but it's still supply and demand.
But please explain to us what cause this demand? When you say supply do you think number of coins in circulation at the moment or what? First you must create demand and it is created through lies and hype, empty promises in most cases,and demand is created from human greed . Artificially created demand has no future it just a pump.Some are describing how demand is generated but it's still supply and demand.
You just answered half of your own query. You asked what determines the price, now you're talking about things that are separate from that question.
[/quote]But please explain to us what cause this demand? When you say supply do you think number of coins in circulation at the moment or Supply has nothing to with it, in crypto world you can divide one COIN in millions of pieces.
[/quote]
You can only divide the number of coins that are available down to 8 decimal places, that's it. If coin supply was infinite then none of this would work.
If the volume of the coin is rising the coin price will probably go up.
There is no real factors that determines the price of Altcoins, it is what the market is willing to pay for it though some things like good news, new update, partnership etc may influence in price. Another thing is the whale pumping the price to unrealistic price
I think the prices of the altcoins depend on the bitcoin.
Altcoins are affected when the demand and confidence of Bitcoin decreases.
Confidence in the price of everything in the market determines. That's why you're seeing so much increase in the price of bitcoin. People are investing in btc for their bitcoin confidence.
All the other altcoins came out after the bitcoin. If the confidence of the bitcoin is reduced, the confidence with the altcoins decreases.
its always btc that's makes alts priceless or valuable and with the strong movements of btc as of now i think another alt will show up and
try to rise accompany by btc.
The overall mentality is simple with alts: When bitcoin rises, all alts are at high risks to get deep into the red, so I wouldn't bother holding many alts right now. Bitcoin is too healthy, it resists all damage caused by those damn bureaucrats and the nasty BUcoiners from /r/btc fail to crash the price too. You simply can't stop this, you get in the winning train and enjoy.
There is no real factors that determines the price of Altcoins, it is what the market is willing to pay for it though some things like good news, new update, partnership etc may influence in price. Another thing is the whale pumping the price to unrealistic price
I think the prices of the altcoins depend on the bitcoin.
Altcoins are affected when the demand and confidence of Bitcoin decreases.
Confidence in the price of everything in the market determines. That's why you're seeing so much increase in the price of bitcoin. People are investing in btc for their bitcoin confidence.
All the other altcoins came out after the bitcoin. If the confidence of the bitcoin is reduced, the confidence with the altcoins decreases.
its always btc that's makes alts priceless or valuable and with the strong movements of btc as of now i think another alt will show up and
try to rise accompany by btc.
There is no real factors that determines the price of Altcoins, it is what the market is willing to pay for it though some things like good news, new update, partnership etc may influence in price. Another thing is the whale pumping the price to unrealistic price
I think the prices of the altcoins depend on the bitcoin.
Altcoins are affected when the demand and confidence of Bitcoin decreases.
Confidence in the price of everything in the market determines. That's why you're seeing so much increase in the price of bitcoin. People are investing in btc for their bitcoin confidence.
All the other altcoins came out after the bitcoin. If the confidence of the bitcoin is reduced, the confidence with the altcoins decreases.
I could also add that alt coins which have more then 20 mil coins avalailable hardly go over a certain value since the demand is far lower then the supply, with some exceptions like Eth...
Market participants determine the prices of altcoins...and bitcoin as well.
If you are talking about what influence the price, the biggest one overall is the BTC market price. When BTC goes up, it drags most of the alts up with it (in fiat terms). And the opposite is true when it tanks.
If you are talking about what influence the price, the biggest one overall is the BTC market price. When BTC goes up, it drags most of the alts up with it (in fiat terms). And the opposite is true when it tanks.
Some Alts are moving "anticyclic" as in maintaining their Fiat notation. Ten dollars staying ten dollars, like that. Usually XMR moves like that except recent christmas pump where it tried to follow Bitcoin.
If you are Bitcoin centric, leveraging out these effects can slowly lift your portfolio on a calculateable level gain.
Market participants determine the prices of altcoins...and bitcoin as well.
If you are talking about what influence the price, the biggest one overall is the BTC market price. When BTC goes up, it drags most of the alts up with it (in fiat terms). And the opposite is true when it tanks.
If you are talking about what influence the price, the biggest one overall is the BTC market price. When BTC goes up, it drags most of the alts up with it (in fiat terms). And the opposite is true when it tanks.
Yeah I don't agree about miners, most miners sell their coins, they have expanses so they have to sell -at least some portion- what they mine. If too many people mine same coins that's healthy for community though.
Demand and innovative technology is the key point here. More people demand equals higher price.
Most altcoins have little marketcap so we see a lot of manipulative movement. If market grows we see a healthier sector.
Miners always book their profits as they have to pay for electricity and it is not certain that the price of coins hold in the longer run as no one wants to risk their investments and the price is determined by the demand and in turn it is evident in the volume of each coin.Most of the small coins certainly manipulates the volume and pump the price so that innocent investors would invest in it so that the developers dump the coin and make a good profit and these things happen in alt coin trading as there are plenty of useless coins.Demand and innovative technology is the key point here. More people demand equals higher price.
Most altcoins have little marketcap so we see a lot of manipulative movement. If market grows we see a healthier sector.
I'd normally disagree on miners booking profits regularly, but because we're talking about Altcoins, I would have to heartily agree. Perhaps in the early days, you might have, like bitcoin, miners who were in for the long haul... even for coins like DOGE. Today, only the staunchest of Alts like ETH can truly see a way past the present, and these aren't miners.
Yeah I don't agree about miners, most miners sell their coins, they have expanses so they have to sell -at least some portion- what they mine. If too many people mine same coins that's healthy for community though.
Demand and innovative technology is the key point here. More people demand equals higher price.
Most altcoins have little marketcap so we see a lot of manipulative movement. If market grows we see a healthier sector.
Miners always book their profits as they have to pay for electricity and it is not certain that the price of coins hold in the longer run as no one wants to risk their investments and the price is determined by the demand and in turn it is evident in the volume of each coin.Most of the small coins certainly manipulates the volume and pump the price so that innocent investors would invest in it so that the developers dump the coin and make a good profit and these things happen in alt coin trading as there are plenty of useless coins. Demand and innovative technology is the key point here. More people demand equals higher price.
Most altcoins have little marketcap so we see a lot of manipulative movement. If market grows we see a healthier sector.
Yeah I don't agree about miners, most miners sell their coins, they have expanses so they have to sell -at least some portion- what they mine. If too many people mine same coins that's healthy for community though.
Demand and innovative technology is the key point here. More people demand equals higher price.
Most altcoins have little marketcap so we see a lot of manipulative movement. If market grows we see a healthier sector.
Demand and innovative technology is the key point here. More people demand equals higher price.
Most altcoins have little marketcap so we see a lot of manipulative movement. If market grows we see a healthier sector.
1. demands, if a coin is very popular like dogecoin, its market cap is very high although no innovation on dogecoin. XMR, DASH as well.
2. technology, ethereum is the best example of this, ethereum's market cap is NO.2, because its smart contract is the most sophisticated program in the world.
3. miners, look ltc and zcash, miners support the price.
2. technology, ethereum is the best example of this, ethereum's market cap is NO.2, because its smart contract is the most sophisticated program in the world.
3. miners, look ltc and zcash, miners support the price.
I beg to differ on all those three bullet points!
Zcash first, emissionrate and subsidy are drawing away any investment. One cannot buy, only dump it. Litecoin beeing a slightly different thing since it is closely associated with Bitcoin mining and ASICs manufactoring.
Ethereum DAO fail. WTF Classic, really?
Both Monero and DASH got an edge above DOGE and their current trade value states that in clearly visible numbers. XMR still needs more adoption at their primary niche DNMs and DASH is at least tradeable at almost each and every tradeside.
1. demands, if a coin is very popular like dogecoin, its market cap is very high although no innovation on dogecoin. XMR, DASH as well.
2. technology, ethereum is the best example of this, ethereum's market cap is NO.2, because its smart contract is the most sophisticated program in the world.
3. miners, look ltc and zcash, miners support the price.
2. technology, ethereum is the best example of this, ethereum's market cap is NO.2, because its smart contract is the most sophisticated program in the world.
3. miners, look ltc and zcash, miners support the price.
Why alts falling when Bitcoin is changed dramatically? Because all alts more or less are in submissive position in front of bitcoin. This wont be changed in near future. ETH and LTC had best chances but nothing happened.
Best and most secure exit from alts is Bitcoin, and fastest exit from BTC is in Dollar. Also all pairs are made on it.
Whay alts dont depend on ETH and LTC rise or fall?
Best and most secure exit from alts is Bitcoin, and fastest exit from BTC is in Dollar. Also all pairs are made on it.
Whay alts dont depend on ETH and LTC rise or fall?
ETH and LTC are alts that's why. Most pairs are to and from BTC not ETH or LTC.
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