Topic: What if all cryptocurrencies merged together? - page 3. (Read 543 times)

There can no longer be a single cryptocurrency. As it cannot be uniform in style and type of clothes, shoes, food, cars, housing and everything else. Cryptocurrency can develop precisely due to the variety of its applications and the variety of its functions. Combining all the current functions of the cryptocurrency into one is inexpedient and probably already simply impossible. Cryptocurrency will definitely lose a lot from this.

Whats merging in the crypto currencies?

Thats dope man!

Like all the money coming together and getting invested into one coin even if you buy lets say ETH and the money actually goes into Bitcoin. 
I dont know what kind of merger you talking about but that is certainly wont work at all. For example, every coin has their own CEO, they have different project ideas and they are getting invested for that particular idea in the hope that people will invest on it and the coin prices will rise just like share market stuff.

First of all these owners will never come to one page neither they will like the Equity gone to one coin because thats not their goal here.

merging of coins is like combination of five or ten project together with same value, so from my perception that won't make cryptocurrency especially bitcoin to increase to that your expectations, because their is no cogent reasons or point that is convincing that will make togetherness or combination of coins or projects to accelerate to up one hundred thousand without the determination of the market speculation.

As others have said this is literally not possible. The different types of blockchains for one won’t allow this to be possible, the different coin development teams would not be on board with this, etc.  It simply makes absolutely no sense at all. Bitcoin needs to stop being so much about “gains” as it should be about the underlying technology.

If you mean having different projects fused into one coin then that alone will not affect the price in any way. The only way the price will rise is if investors will still believe in the system and if everyone takes their coin off the exchanges and store them in a non custodial wallet limiting the general supply. Availability of stocks is what keeps the prices down but scarcity makes prices to skyrocket  

What exactly do you mean by merge? If you mean merge multiple cryptocurrency network into 1 big network, it's impossible since each network have different protocol.

If this impossibility were ever to happen (if ever) that means monotony will be the order of the day with cryptocurrency. That will surely suck. Come to think of it, what then happens with Bitcoin the pathfinder without a smart contract? This industry is able to grow to this level because ETH's smart contract allowed other projects to spring up and that is replicated across with some newer projects allowing others too.

But of course, this is all hypothesis. OP is just trying to get confusion out of their body system.

This sounds like the most stupid idea I've ever seen.
How could the PoW and PoS blockchains get united into one big blockchain?Any idea about this,OP?
What's the point of Bitcoin merging with a thousand shitcoins and useless tokens?
What't the point of Bitcoin merging with centralized shitcoins like Ripple or even stablecoins like Tether?
Is this even possible?
The cryptocurrency industry needs competition,not cooperation,event though all the altcoins aren't real competitors to Bitcoin.
Many altcoin/shitcoin developers clearly hate Bitcoin Core.Do you think that they will join forces with the Bitcoin Core developers?I don't think so.

What you are saying is never possible, as many have already explained with many beautiful examples, let me give you another example, suppose you like mango litchi strawberries, now if you mix three together you will get three together.  But you will not get the distinct taste of mango litchi strawberry.

If it was done so it would be a great disaster for all crypto as nowadays crypto is not about price for 1 coin only, it is a wide system of different projects aimed on different things. If to merge IoT projects, document flow projects etc in one bitcoin we'll lose lots of ideas which potentially can grow in independent projects. The diversity and decentralization are valuable gems of crypto, no need of constructing a centralized decentralized cryptocurrency monster.

Different cryptocurrencies are based on different blockchains and it will not be possible to merge them. If you say that there should be only one crypto, that is, bitcoin then it will not mean that all the market cap f altcoins will go into bitcoin. Bitcoin prices more or less will remain same however we may see the decline in the overall marketcap of crypto currencies.

Don't worry.

We'll be there somewhere that most people are going to be merging with a very major investment and have that venture as a community. And it's going to be in bitcoin.

With lot of choices for altcoins, still, there will be one idea that will make all of us get into bitcoin because it's the safest and the best investment in the crypto market.

no one should ever care about market cap.. or use it for any statistic.

the market cap is not a measure of anything real.
its not based on any dollars held in reserve pegged to an asset.

i can easily make a new altocin tomorrow and have a 1trillion coin pre-mine.
and then announce i only want to sell one amount of 0.01 of them coins for just $1
and with that $1 of actual usd in-use.. will create the metric/valuation of my coins market being $100trillion

i can surpass bitcoin market cap by 100x from spending just $1

i can make bitcoin look like 1% of 'crypto' and my coin look like 98% of all crypto. for just $1
so can people stop emphasising or thinking that market cap is of any significance.. because its not

market cap is just a generalisation of all the coins of an asset in circulation multiplied by its current temporary price.
it holds no meaning of any large actual value of actual dollar held somewhere.
and anyone can mess with the market cap by making loads of crap coins.

market cap is about as foolish a statistic as saying trying to work out your own human body weight like this:
i eat 1 quarter pounder today.
in my lifetime i might eat (1*52*70(one a week for 70 years of life)
then use that 3640 quarter pounder number to say my body weight today is:
910lb's

yet my real body weight is no where near that.

If I understood OP correctly, I think what you have here is a false analogy. I guess OP does not refer to a technical merging of all cryptocurrencies. I think OP means that the entire crypto market has only Bitcoin as the sole currency. In which case, I think the price of Bitcoin will rise beyond $100,000. Imagine if everybody who is shelling out money for all kinds of NFTs would instead spend their money on Bitcoin. That must have a significant effect on Bitcoin's price.

Well, from what I understood, OP wanted the projects merge, not the buyers.

For all the buyers buy only Bitcoin you basically need to either convince everybody only buy bitcoin (not possible) or somehow disallow/deny existence to all the other crypto projects (also not possible).
And making "what if" calculations for things that will not happen are, sorry, pointless...

I disagree.  If everyone moved to Bitcoin, we would start noticing effects of scarcity.  I understand what some try to say here.  Market cap is price x supply so even if everyone moves their shit coins into Bitcoin, unless the price changes the market cap will continue to stay the same.

But.  If global market cap is 3 trillion, Bitcoin's is 800 billion and everyone moves to Bitcoin.  Then you have 2.2 trillion merging into an asset that is worth only about 30% of that.  Now you have two ways to merge and they both have a strong impact over Bitcoin.  Either you do it through some kind of emerging swap like a cross chain version of Uniswap by buying Bitcoin for your shit coins or you sell your shit coins first, buy Bitcoin and withdraw.  If you sell all your shit coins then you will not have 2.2 trillion USD entering the market anymore because most shit coins are easy to dump.  But you still have a ton of money entering Bitcoin's market.

Now if demand increases and hundreds of thousands or millions of users are moving to Bitcoin then the price HAS to increase.  That is unless a bear market comes up, but I suppose we are talking about the ideal situation in which market stays approximately the same.  What I would expect is that less Bitcoins would be available for everyone and automatically the price has to increase to sustain the overflow of investors and users.  If Bitcoin's supply is 1 Bitcoin and you want half of it.  Then I obviously do not want to lose my worth so to make room for you I have to double the price.

Am I getting this wrong?

-
Regards,
PrivacyG

What you mean merged? Like several projects combine? That would be good however that is only few chances to happened. There are some projects that collided but only few of them. Actually having more projects are good but we should be only having those big or moderate one instead of those small one that didnt help the market cap of all cryptos. I think even bitcoin alone could survive the market.

Perfect example. If you have a Ferrari that can go +300km/h, and add an engine from a Lamborghini, that can go also +300km/h, new cars engine wont go +600km/h. Same is with Renault, if you add engine parts from Renault Clio to Ferrari, it wont do same +300km/h.

Moving trading volume from alts to Bitcoin, for example, will cause a price growth in the beginning, as Bitcoin owners will try to sell their crypto more expensive, but later the price would go down and normalize. It will be sort of a pump and dump, but without hitting bottom.

I think what franky1 suggested is what op is trying to say.

Op is not worried about merging coins or their tech , but just moving all the money to one asset (not even a coin).

Something like a Whole Crypo Market Index ETF , something like that.

The thing is that bitcoin is about 40% dominance and eth 20%. With 2 coins you have 60% of the whole market value. So you can just buy these 2 to get most of its price variation. i believe that in the next bear market bitcoin will regain about 60% domiannce.

if everyone sold their altcoin to buy back some bitcoin. it is presumed that if they then hoard bitcoin away from exchanges that the 'supply' on the market would diminish and cause high demand on the btc-usd market

for instance back when we had bitcoin price 100x less.. at $350-$700 in 2013-5(now $35k-$70k):
the circulation supply was 13-15mill coins (now 19mill)
the average minnow market order value was 1btc(now 0.01btc)
the average whale market order value was 100btc(now 1btc)

we can see even after 8 years average orders are still only in the same range of $value being invested.

by this i mean the buy orders are still in the same allotment of $400-$700 mninow amounts
people are still investing roughly the same $ per order that they were before.

what has changed is the btc amount per order has decreased to compensate.

EG when someone paid $450 in 2014 they got 1btc. when someone pays $450 now they get 0.01

if we have another btc market supply dip, where the average minnow/whale amount goes to 0.001-0.1 then that will translate to a 1btc being $400k-$700k

..
so with all that said. there is always potential of this happening. but it would require those jumping from altcoin to bitcoin.. to the hoard btc away from markets. instead of using usd-btc markets to exit crypto. after all if they are dropping their alt(for any number of reasons) they may also want to exit bitcoin. thus cause an over supply on the USD-btc market
..
other variable scenarios are.
if people buy bitcoin on the USD-BTC market. then buy their alt on the btc-alt market. .. but do not return to the btc market via the alt. but instead sell their alt straight to alt-usd
EG
     USD
  3↗     ↘1
ALT  2←  BTC
this will cause a usd btc price increase and an usd-alt decrease

if however people buy their alt on a use-alt market, and then exit the alt via btc and then to usd
EG
     USD
  1↙    ↖3
ALT  →2  BTC
this will cause a usd btc price decrease and an usd-alt increase