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Topic: WIll bitcoin be the point of reference for other cryptocurrencies for ever? (Read 298 times)

sr. member
Activity: 784
Merit: 255
It was already seen from the beginning of the establishment of Bitcoin.
Many Altcoins are based on Bitcoin.

And like that a question like that doesn't need to be revealed.  Smiley Smiley
legendary
Activity: 1904
Merit: 1073
The USD comparison does not work here, because the reason the USD is used as a global reserve currency, differ from why

 Bitcoin is seen as a "reference" currency. You know most other Alt coins was based on the Bitcoin concept.. right? The USD

was used as a global reserve currency, because it is backed by a strong first world economy and it is not very volatile.  Roll Eyes

Bitcoin will always be the mother of all other Alt coins, because it was the first real Crypto currency.  Grin
member
Activity: 238
Merit: 10
Yes of course, bitcoin is the leading currency of the crypto market, which will always hold this position, and will really be a reference point for other cryptocurrencies, which we now notice though not so much as bitcoin starts its growth, the rest of the cryptocurrency begins grow after him
newbie
Activity: 27
Merit: 0
For now and past, bitcoin is the point of reference for other crptyocurrencies. All other altcoins emerged by seeing existence of bitcoins. In future, no one knows whether bitcoin can be reference for other cryptocurrencies as new technology is developing day by day in this world of technology. Altcoins may be based on different improved technology. Whichever, cryptocurrnecy be reference point in future, bitcoin will be always remembered for being first cryptocurrency and bringing evolution in world of cryptocurrency.
member
Activity: 116
Merit: 16
As we see the USD ($) as a point of reference and determiner of value for most national currencies on the international market, will bitcoin as the mother of cryptocurrency be the determiner and reference point for the value of other crypocurrencies with time. I have witness that all newly coins aspire to get to where bitcoin has gotten to and even beyond and it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.


For me, maybe bitcoin will be the point of reference of all cryptocurrencies because bitcoin is most commonly used cryptocurrency among all. Another thing is bitcoin is the most popular cryptocurrency in the world so there is a chance that it will be the point of reference.
member
Activity: 175
Merit: 30
As we see the USD ($) as a point of reference and determiner of value for most national currencies on the international market, will bitcoin as the mother of cryptocurrency be the determiner and reference point for the value of other crypocurrencies with time. I have witness that all newly coins aspire to get to where bitcoin has gotten to and even beyond and it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.


In my own opinion, it is hard to predict what will happen in the future but there is a chance that bitcoin will be the point of reference of cryptocurrency because bitcoin is the most popular cryptocurrency so there is a chance that it will be the point of reference in the future.
sr. member
Activity: 1078
Merit: 270
As we see the USD ($) as a point of reference and determiner of value for most national currencies on the international market, will bitcoin as the mother of cryptocurrency be the determiner and reference point for the value of other crypocurrencies with time. I have witness that all newly coins aspire to get to where bitcoin has gotten to and even beyond and it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.


of course it remains to this day, bitcoin remains the reference of all crypto that exists. this is great bitcoin
but what happens for the future we will never know for sure, and seeing from bitcoin track record from time to time, nothing can offset bitcoin.
member
Activity: 336
Merit: 15
Different fiat currencies dominated in the world and I think Bitcoin is also can't be so influential forever. There are thousands of projects aiming to create reall good platform and some of them will have success.
member
Activity: 328
Merit: 10
As we see the USD ($) as a point of reference and determiner of value for most national currencies on the international market, will bitcoin as the mother of cryptocurrency be the determiner and reference point for the value of other crypocurrencies with time. I have witness that all newly coins aspire to get to where bitcoin has gotten to and even beyond and it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.




Well for me, There is a chance that bitcoin will be the point of reference for other cryptocurrencies in the future but we can't predict the future. So we will see in the future if bitcoin will be the point of reference of cryptocurrency.
newbie
Activity: 29
Merit: 0
Bitcoin actually is the point of reference now because of its dominance. And also because it was the first one. Even though there will be coins that will have larger value in the future, i think bitcoin will still be that reference when we are trying to see the value ot it..
newbie
Activity: 177
Merit: 0
Bitcoin is its parent of all cryptocurrency, and altcoins can not stand alone when Bitcoin loses its price.

Bitcoin dropped its price, then Altcoins also come down its price
Bitcoin prices rise then Altcoins rose. Bitcoin is KING and Altcoins is a pawn.
newbie
Activity: 108
Merit: 0
I think bitcoin is still the reference of the upcoming new encryption on the market. This suitable will be maintained for a long time.everything has to start from it.
newbie
Activity: 50
Merit: 0
because it it the begin of crypto. Everything has to start from it
newbie
Activity: 102
Merit: 0
Yes, this situation will be maintained for a long time. I don't think hard coins can easily replace bitcoins.
sr. member
Activity: 980
Merit: 252
As we see the USD ($) as a point of reference and determiner of value for most national currencies on the international market, will bitcoin as the mother of cryptocurrency be the determiner and reference point for the value of other crypocurrencies with time. I have witness that all newly coins aspire to get to where bitcoin has gotten to and even beyond and it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.
I think only bitcoin has potential as a reference .. but if you ask about the price of many coins or tokens that have exceeded the bitcoin price since the first. I think it's normal just because ready coins have their own company concept and their own selling points. but bitcoin remains top most
copper member
Activity: 48
Merit: 0
Bitcoin, the first ever cryptocurrency, has seen all ranges of pricing in the last 9 years. It has seen wide variations like no other cryptocurrency. It is the Bitcoin value which has driven most of the investor in the crypto market so Bitcoin will always be some point of reference for other cryptocurrencies.
newbie
Activity: 27
Merit: 0
I think bitcoin is still the reference of the upcoming new encryption on the market because this is the strongest, most robust and stable crypt of all time. In fact, it will be possible for bitcoin to become And that means people will not value them much longer than their pumping time.
hero member
Activity: 2646
Merit: 686
Yes which other currency do you think is capable doing it, like dollar bitcoins is the strongest and most powerful ever coin, no one can ever replace it like ever. It's one of the most important part of cryptos that must never be touched cause if bitcoins is gone cryptos will fall apart so for me I would never try to touch the authority of bitcoins.
hero member
Activity: 950
Merit: 517
Yes it is bitcoin will be still the reference of other crypto forever, even if their are more new coins that created every month they are still refer bitcoin for their market value price and no other crypto that can bitcoin do as fame equal to usd.
newbie
Activity: 91
Merit: 0
Bitcoin is the foundation of cryptocurrencies, the creation of the other coins was inspired by the bitcoin itself. Bitcoin is also a trend thats why many people are so into the creation of their own coins. For some, they want to surpass the bitcoin value, some also see rooms for improvements that bitcoin does not have as a result they make their own coins. So i think that th future coins will remain bitcoin as a reference for the developers
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