Topic: what would an alt market independent from bitcoin look like? (Read 257 times)
If Bittrex and Binance actually list a fiat pair, it of course should impact on how alt react on Bitcoin price. Since those exchange has most market volume. But it won't be significant unless they list all alts-fiat in their market. In fact there are some exchange that list fiat pair like Quoinex.
i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
If altcoins are directly linked to fiat, I still think that bitcoin will influence the market movements.
Just like how ETH is already traded with USD and other fiat pairs and is mostly independent from bitcoin in terms of exchanging, but still, bitcoin's market movement strongly influence how the ETH markets move still.
As long as bitcoin continues to be the #1 crypto in terms of market cap, alts will continue to crash when BTC crashes, and go up when BTC goes up. If BTC has some sort of bear market, alts won't perform that well either. Whether or not there is a need for BTC as a medium to trade alts or not.
every stock that I think is interconnected and has rules that are not far away from each other so that it can be said that there is no extraordinary things and corruption from within, then they will live simultaneously and if matipun will die all, depending on this bitcoin whether still have appeal and are in the interest of the community, this is my opinion
so that fiat pair, will it strengthen alt, or more fun for bitcoin player? i see btc will more volatile, and it will have effect too for alt but not so extreme like alt independence.
well, indonesian traders in indodax.com prefer fiat pairs than btc pairs. but i think it's depends on how much profit we will get.
well, indonesian traders in indodax.com prefer fiat pairs than btc pairs. but i think it's depends on how much profit we will get.
i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
yea, I am trading BNB, its growth is not following the Bitcoin and unexpectedly. Once I bought BNB as it is growing. And at same time all altcoins were pretty low. Now most altcoins are following bitcoin to grow, BNB begins to dump. Maybe it is profitable to trade sometimes with BNB to buy another coins instead of USDT or BTC.by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
BNB isn't following bitcoin lately but overall it is and I can guarantee it will continue to do so. If bitcoin crashes significantly then so will BNB, they are linked indirectly, bitcoin's strength is indicative of the crypto markets strength and that is indicative of binance's success.
i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
yea, I am trading BNB, its growth is not following the Bitcoin and unexpectedly. Once I bought BNB as it is growing. And at same time all altcoins were pretty low. Now most altcoins are following bitcoin to grow, BNB begins to dump. Maybe it is profitable to trade sometimes with BNB to buy another coins instead of USDT or BTC. by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
It is still the leader of the mainstream currency. The future may be able to pull out of bitcoin's influence, but this year it is not.
i fully expect it to remain dominant, but this thread is about how alts and bitcoin would act without the dependence on bitcoin to access alt markets. bitcoin's necessity for alts is reducing all the time.
It is still the leader of the mainstream currency. The future may be able to pull out of bitcoin's influence, but this year it is not.
You can't transfer usd between exchanges
this is a good point but you can transfer between exchanges with countless other coins too, and when bitcoin is slow and expensive using it to transfer makes no sense at all.
I agree that fiat doesn't offer same flexibility as BTC,
Fiat-Crypto must involve KYC, deposit and withdrawal fee will be higher in some case, and cannot transfer fiat between exchanges..
So I guess BTC still useful
Fiat-Crypto must involve KYC, deposit and withdrawal fee will be higher in some case, and cannot transfer fiat between exchanges..
So I guess BTC still useful
You can't transfer usd between exchanges, and there is a risk associated with holding usd so usd can never take place of btc in the markets. Fiat is not a big deal for me.
I guess it could also help to make the markets more mature and get the coin's out that are now only used to pump and make more bitcoin for a selected few.
So the market of alts would look a bit probably more stable and the growth is more dynamic, but we still would not see that one of the coins overtakes bitcoin. Everyone has his own limit, through which he can not jump, regardless of events.
i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
There will be a change in bitcoin's value if this will happen. I think the value of Bitcoin will go down as well as Eth but when it comes to stability I guess it will be a little bit stable. No one can really tell since its never been tested but with my own opinion I guess it will have a very big impact on BTC.
This would be the time that alts will rise in value since they can be easily purchased using FIAT and there are lots of new crypto enthusiasts coming every year so lets just have to wait what the future will bring into crypto.
There would be less volatility in bitcoin price because traders would have more choices then as base coin instead of just bitcoin, ethereum and tether. There would be more volume added to the crypto market because more people can easily buy a coin using fiat money without the need to buy bitcoin or ethereum first to trade it. I would be happy myself if it would happen because there are times when I need some fiat so not converting to bitcoin would give me more funds to convert to fiat. As bitcoin is making rapid movements, the altcoins wouldn't be that much affected anymore because it is independent of bitcoin.
I concur. Accessibility of the alts will be very easy and we don't have to be worried about the fees of btc transactions when depositing into an exchange.
There would be less volatility in bitcoin price because traders would have more choices then as base coin instead of just bitcoin, ethereum and tether. There would be more volume added to the crypto market because more people can easily buy a coin using fiat money without the need to buy bitcoin or ethereum first to trade it. I would be happy myself if it would happen because there are times when I need some fiat so not converting to bitcoin would give me more funds to convert to fiat. As bitcoin is making rapid movements, the altcoins wouldn't be that much affected anymore because it is independent of bitcoin.
More volume, less volatility. New trading pairs added, Fiat pairs especially. "Alts" backed up by huge companies, VC, states maybe? Who knows.
So yeah, we will most likely see this scenario in a few years. I'm pretty confident in this. At least we will see the market being more independent from Bitcoin. And also Bitcoin's dominance will decrease over the years with all those new alts coming in the market.
Bitcoin is still number one and the one coin that started it all. But don't forget what happened to MySpace, Yahoo, Nokia etc.
So yeah, we will most likely see this scenario in a few years. I'm pretty confident in this. At least we will see the market being more independent from Bitcoin. And also Bitcoin's dominance will decrease over the years with all those new alts coming in the market.
Bitcoin is still number one and the one coin that started it all. But don't forget what happened to MySpace, Yahoo, Nokia etc.
I think that even if bitcoin isn't used as a channel for altcoins it will still greatly influence their prices and success. We are still too early in the adoption of cryptocurrencies to escape the fact that bitcoin and cryptocurrency are largely synonymous to the general public. Therefore when bitcoin tanks the other currencies tend to follow suit.
i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
at this moment Bitcoin it s a icon of cryptoidustry
take a look at market without this coin - that be a green market without trust history
I think it is pretty much independent for a long time. I joined in September and I am entering/existing through Ether every time. Never touched Bitcoin, except the one I am holding.
it can of course be physically separate for individual traders, but we're talking about the market as a whole here. in no way does any coin do its own thing completely independent of others, or bitcoin. this is something that might start to change that.
I think it is pretty much independent for a long time. I joined in September and I am entering/existing through Ether every time. Never touched Bitcoin, except the one I am holding.
but i am doubtful because people trade altcoins mostly because they want some place where they can invest their bitcoins not their fiat. and the alt/fiat markets have not had as much demand.
i'd love to know the proportion of traders who are in it to make bitcoin gains versus fiat gains. there must be a class of altcoiner at this point who've never touched bitcoin and have no plans to.
but as you say there's no such thing as a legit bitcoin interest option so playing with alts is the next option in many eyes to attempt to get a return.
Its an interesting concept and one that I would like to see happen. I think at the very least it would go some way to negate volatility and maybe a situation like what has happened this Jan/Feb/March would be less severe.
I still think BTC pairings will be most popular because many people hold and invest bitcoin and its easier to go from BTC>ALT than from BTC>FIAT>ALT with less fees also. FIAT/ALT pairing will only potentially effect new money entering the market and make it more fluid and simplified.
I still think BTC pairings will be most popular because many people hold and invest bitcoin and its easier to go from BTC>ALT than from BTC>FIAT>ALT with less fees also. FIAT/ALT pairing will only potentially effect new money entering the market and make it more fluid and simplified.
i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
I think if that ever happens then BTC will for sure become less volatile. Miners would prefer to convert their daily proceeds straight to fiat, new altcoin investors will purchase alts of their for fiat, too. However, BTC will still remain an equivalent of gold in crypto world.
Crypto places the bitco in the leading position to become the most known of the money market. Although the spread of ethereum-based tokens poses a prospective risk for BTC, it is difficult to think of a crypto money market without Bitcoin in the current market conditions.
Perhaps it will have an effect in the future. This year, it will not have any strong impact on the dependence on bitcoin.
if and only if people use these markets and actually trade altcoins with fiat instead of bitcoin then we may start seeing less volatility in bitcoin specially during mass altcoin dumps where people sell their altcoins for bitcoin then sell bitcoin for fiat and crash everything!
but i am doubtful because people trade altcoins mostly because they want some place where they can invest their bitcoins not their fiat. and the alt/fiat markets have not had as much demand.
any effect that it may or may not have will be only affecting part of the market not all of it so they will continue "to live and die together" like before.
but i am doubtful because people trade altcoins mostly because they want some place where they can invest their bitcoins not their fiat. and the alt/fiat markets have not had as much demand.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
any effect that it may or may not have will be only affecting part of the market not all of it so they will continue "to live and die together" like before.
i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.
so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?
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