Why are altcoins so fragile compared to Bitcoin?

Xampeuu

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Quote from: julius caesar on February 28, 2020, 02:45:34 AM

Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Altcoins are much more fragile than bitcoin because it has a less supporters than Bitcoin. Also, altcoin is having a hard time to recover after a dump unlike bitcoin that can easily recover because of its supporters. Altcoin supporters after a dump is scared and does not want to invest into it anymore that is why it takes time for it to recover.

indeed bitcoin is the first choice for stability and security. with a large community bitcoin is a trusted coin in cryptocurrency. this is followed by altcoins, but only a few altcoins can be used as a reference for long-term investing. besides that the level of trust is also important to maintain the community

shoreno

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Quote from: Gladiator25 on February 28, 2020, 02:38:44 AM

Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Well, I think the reason why altcoins fluctuates is that there is not enough trader or supporters for the coin. Unlike bitcoin, ripple, litecoin and other well-known coins,

more demand means more buyers and sellers so that means the coin wont remain stable , take example bitcoin . btc is so indemand therfor btc is verry volatile but most altcoins are simply not getting much demand from the public . the reason why alts is so fragile is its lack of support from the people and also from the bigger names , it can easily be manipulated by some regular group of people and they dont require much wealth to do it but this cant easily happen on solid coins because many people can counter it

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We know that the altcoin price follows the bitcoin price, so that is the reason why the altcoin is so fragile compared to bitcoin. When bitcoin price down, the most altcoin will be down, and it's a matter of time before that altcoin will go down. When bitcoin price increase, the altcoin will not increase too fast because they need to survive for a while so they can increase step by step to reach a higher price. But the other reason is when bitcoin price loses value, people will sell their altcoin to be back to bitcoin or usdt.

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Altcoins are much more fragile than bitcoin because it has a less supporters than Bitcoin. Also, altcoin is having a hard time to recover after a dump unlike bitcoin that can easily recover because of its supporters. Altcoin supporters after a dump is scared and does not want to invest into it anymore that is why it takes time for it to recover.

Gladiator25

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Well, I think the reason why altcoins fluctuates is that there is not enough trader or supporters for the coin. Unlike bitcoin, ripple, litecoin and other well-known coins, the newly created digital coins will have a hard time to keep in touch with the famous coins. Since, they are new coins, their price is not a high as expected and it will hard for them to compete to the other coins.

xSkylarx

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Bitcoin is already known as the father of all coins so it has gained the trust of most investors. Merchants have chosen it as a mode of payment rather than other altcoins because it has shown huge potential. It has passed all the tests of time and if we'll look at its history, we could see how it went so far. It's well-established already and it could stand firm no matter what the market situation is compared to other altcoins.

joshua123

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Quote from: Zicadis on February 26, 2020, 03:23:00 PM

Altcoins have a much lower market cap, but are controlled by relatively few people.

Therefore even a handful of people buying in or selling out can significantly impact the price, which then leads to a ripple effect because of algorithmic trading bots.

Agreed. The circulation of funds inside an altcoin market is so predictable. Even whales can control a new project by setting up sell and buy order himself until he pumps it or dump it. Unlike bitcoin which will be needing a lot of funds to be able to manipulate.

CHENIEN

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Bitcoin is protected from or not exposed to danger or risk and there's a extremely large lack of interest from institutional investors even though there is a high competitions in between mostly the first investment trust is bitcoin compared to Alt coin ,in this circumstances in the long process alt coin are still basis on bitcoins power.

batang_bitcoin

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Quote from: witbla on February 27, 2020, 04:11:37 PM

What I have noticed, blockchain solutions are progressing more and more into specific industries that used to work without it few years ago. And to be honest, I am pretty impressed with the value that certain worthwhile blockchain solutions are bringing to the table. Even though, many parameters must be analyzed before blindly believing in the benefits

There's no connection to blockchain and why altcoins are being fragile to bitcoin just like what op is asking. But what you have said is a fact, the progress of blockchain to the world has been so good and is becoming more popular and known what it can offer to most companies.

Quote from: Dr.Osh on February 27, 2020, 02:55:58 AM

I'm also thinking about this, it's just that I'm pretty sure that many people believe in bitcoin that development continues, and bitcoin is a decentralized coin, and no one has power over it. besides that, bitcoin also has multifunctionality.
whereas for altcoin, most altcoins are controlled by a team, and if the team is not trusted, then altcoin will be damaged, this makes altcoin more fragile than bitcoin.

This is one of the true reasons why alts are like that, some of them are being controlled and manipulated.

imstillthebest

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altcoins large fluctuations ? hell no dude alts are not volatile as bitcoin so alts hardly move if ever there is a major bad news but btc are the ones that are going to be affected the most .

your questioning if why alts are fragile , obviously because of thier small value but not fragile in a way that they can be easily affected by a speculation or some sort of news . good altcoins are much more stronger than the shitty ones but all of them arent expempted ones whales manipulate them directly .

retnoanjani

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Bitcoin dominance in the market is very large, when bitcoin has decreased then it indirectly affects the market as a whole so that most of the altcoins experience the same thing. Moreover, the price of bitcoin lately goes up and down quite actively, the effect of halving, a lot of speculation, etc. The altcoin is a strong potential, although it will definitely decrease the pump if the market conditions improve. While weak altcoins whose products are not strong enough, work carelessly, investors will eventually leave and become worthless.

hwteeer

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Quote from: witbla on February 27, 2020, 04:15:17 PM

In few words, guys are bringing blockchain onto ticketing industry. And results so far are amazing - around 300k tickets are sold, partnership with Oerrock festival and more. What do you think of the guys? In my opinion, new standards on the market. Of course, I recommend you to have a closer look at their website to have deeper understanding of the idea. Pretty sure that you will be impressed

That makes sense and sounds interesting, will definitely have a look on my own and get back with own thoughts shortly! Thank you for your recommendation

witbla

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Quote from: hwteeer on February 27, 2020, 04:14:08 PM

From your words definitely sounds interesting as this is the in demand industry. But can you probably come up with more info on GET protocol?

In few words, guys are bringing blockchain onto ticketing industry. And results so far are amazing - around 300k tickets are sold, partnership with Oerrock festival and more. What do you think of the guys? In my opinion, new standards on the market. Of course, I recommend you to have a closer look at their website to have deeper understanding of the idea. Pretty sure that you will be impressed

hwteeer

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Quote from: witbla on February 27, 2020, 04:13:06 PM

Talking about me, I attend lots of music festivals and sporting events, which is why I was excited when I discovered GET Protocol. It seems like a really cool solution with a lot of adoption and promising future. I wanted to share some info about them and ask for your opinion. GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way

From your words definitely sounds interesting as this is the in demand industry. But can you probably come up with more info on GET protocol?

witbla

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Quote from: hwteeer on February 27, 2020, 04:12:14 PM

Hello. This is true, I would say. And what are the industries you are following? And how are you basically exploring new solutions on the market?

Talking about me, I attend lots of music festivals and sporting events, which is why I was excited when I discovered GET Protocol. It seems like a really cool solution with a lot of adoption and promising future. I wanted to share some info about them and ask for your opinion. GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way

hwteeer

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Quote from: witbla on February 27, 2020, 04:11:37 PM

What I have noticed, blockchain solutions are progressing more and more into specific industries that used to work without it few years ago. And to be honest, I am pretty impressed with the value that certain worthwhile blockchain solutions are bringing to the table. Even though, many parameters must be analyzed before blindly believing in the benefits

Hello. This is true, I would say. And what are the industries you are following? And how are you basically exploring new solutions on the market?

witbla

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What I have noticed, blockchain solutions are progressing more and more into specific industries that used to work without it few years ago. And to be honest, I am pretty impressed with the value that certain worthwhile blockchain solutions are bringing to the table. Even though, many parameters must be analyzed before blindly believing in the benefits

Jannyh

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Well, I would say since bitcoin is the King of them all, it has gained so much confidence from investors that when there is a negative news, sometimes the impact isn't so much as regards dump because investors believe it will rise back quickly but for altcoin that is dependent on Bitcoin, most times because of their volatility, once there is a negative news, you see investors wanting to get out of the market and as such would create huge dump

Dr.Osh

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I'm also thinking about this, it's just that I'm pretty sure that many people believe in bitcoin that development continues, and bitcoin is a decentralized coin, and no one has power over it. besides that, bitcoin also has multifunctionality.
whereas for altcoin, most altcoins are controlled by a team, and if the team is not trusted, then altcoin will be damaged, this makes altcoin more fragile than bitcoin.

fullhdpixel

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Since investors are seeing Bitcoin as the most stable cryptocurrency, there’s nothing left for most of these altcoins than to be stable. Most of the time when the altcoin market is falling, investors quickly withdraw their and send it over to Bitcoin and such action that’s being taken by most of these investors causes altcoins to be highly volatile.

Someone once said that whenever altcoins increase in price, they increase more than Bitcoin, and when they fall their fall is worse than Bitcoin, because they fall to the extent you will see more loss. And since Bitcoin is considered by most of the investors, it is seen as the main cryptocurrency. New investors mainly go for Bitcoin and not altcoins.

Topic: Why are altcoins so fragile compared to Bitcoin? (Read 533 times)