Will it help bitcoin if we shift funds to it ? - page 2.

Wysi

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Quote from: Ridwan Fauzi on October 26, 2019, 12:22:35 PM

Quote from: Wysi on October 19, 2019, 03:50:07 PM

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

Remember with supply and demand concept and this thing all be happen to altcoin as well. Simple put, if the demand of bitcoin is increasing the its price will goes up also and it otherwise. So, with this scenario you will have answer to your concern.

Even, I just thinking that a lot of investor who has known about bitcoin they will be easily to move their money on it. Moreover for those who has experienced losing a lot of moeny when investing on altcoin then bitcoin is the last choice for them to play safe when investing in cryptocurrency. Just curious, have you try it?

Yes I did the same I have shifted my funds to bitcoin as I have cashed out from some new coins, stable coins and reputed coins like Ripple, stellar and Ethereum and shifted them all to bitcoin leave a small portion of new coins as a result my wallet consist of 90% bitcoin and remains 10% new coins and this has helped me to play safe.

Ridwan Fauzi

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Quote from: Wysi on October 19, 2019, 03:50:07 PM

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

Remember with supply and demand concept and this thing all be happen to altcoin as well. Simple put, if the demand of bitcoin is increasing the its price will goes up also and it otherwise. So, with this scenario you will have answer to your concern.

Even, I just thinking that a lot of investor who has known about bitcoin they will be easily to move their money on it. Moreover for those who has experienced losing a lot of moeny when investing on altcoin then bitcoin is the last choice for them to play safe when investing in cryptocurrency. Just curious, have you try it?

pecson134

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Quote from: Wysi on October 19, 2019, 03:50:07 PM

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

Not really because a healthy industry needs to have a competition in order to survive. If you remove competition even in cryptocurrency possible investor would not come to them because no higher profit can be gain without having a risk.

lionheart78

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Quote from: JC btc on October 24, 2019, 11:24:34 PM

Quote from: Wysi on October 19, 2019, 03:50:07 PM

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

I think this is not a good idea at all, for those who believes in Bitcoin, then you can accumulate more but it is not right to exchange all your altcoins to Btc, as altcoins will declined too and legit project could stop and end what they are doing, there's a lot of project just like Eth and XRP that should be invested too as they are helpful in crypto economy.

It is a good idea, honestly any project can integrate Bitcoin to it. It is that these developers are so greedy and wanted the funds for themselves. Who cares if altcoin decline, any legit project can migrate and integrate Bitcoin.

coin-investor

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Quote from: Wysi on October 19, 2019, 03:50:07 PM

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

Those who invested in altcoins are those who believe that you should not put all your eggs in one basket and you should widen your portfolio to good coin, they will have a second thought of doing that, what we need is new people coming in, old people who used to be investors and return investing again, not transferring our other assets to one asset.
We can only grow if we cover more territories and new people coming in the market and new country and new companies accepting Cryptocurrency.

Gotumoot

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If we transfer all our funds to Bitcoin, I don't think it's a good idea. Exchanges plaform is no longer available, Prices of altcoins will be totally zero. And I'm sure the price of bitcoin will rise dramatically as no other coins will be exchanged here. And the worst that can happen is that the bitcoin can be pumped and dumped as well and can be totally worthless.

Genemind

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As for me, it still depends on the amount of funds that we're going to shift but it could also affect altcoins negatively at the same time. If our funds couldn't compete equally with whales, I'm sure that it still couldn't affect the whole situation of Bitcoin but it could only be a short pump. Balance is still necessary so both altcoins and Bitcoin will survive.

Doell

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level of success I'm sure it did not work ,instead there will be a loss for yourself and make altcoin rise ,wheel that turns will turn to attack in one move and every dev altcoin wait for a moment like that to grow price altcoin her ,think market strategy is not as easy as theory there are consequences that must be considered

adzino

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Yeah, why wouldn't it? Demand and supply. If you everyone moves to bitcoin, the demand for bitcoin will rise. Since there are limited number of coins circulating in the market, then the price will eventually start to increase. But then again, there are also people holding bitcoin and waiting for an opportunity to sell it and make some profit. Once the price rises, those people will start dumping their coins. So yeah, in the short run, it will cause some massive fluctuation, but in the long run it will tend to go up.

SummerBliss

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Quote from: Wysi on October 19, 2019, 03:50:07 PM

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

See its the simple rule of economics that when demand is high the price always rise and same is the case with bitcoin as when we will shift our funds in buying btc the prices will rise automatically but what will be the condition of altcoins in the market and what will actually happens no one knows.But we need majority of people to buy btc in order to create a global demand as bunch of people could not affect the prices but they also need to hodl it for a long time instead of selling immediately when price rises as it will create dump situations again and whats the fun of it.So we need to be calm.

iMark

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Quote from: Wysi on October 19, 2019, 03:50:07 PM

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

If we do that, then altcoin market will die, the price of bitcoin will really go up if the demand comes from new users, bitcoin market will have a larger volume, and that will make bitcoin market will improve again.

For example if we do your idea, maybe the price of bitcoin will go up by a few percent, but what is the condition for altcoin after that? is it possible that some altcoin will meet its end.

Reid

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Okay, but how you will do that?
Do we really need a large pump?
Why?
Isn't this price already a huge one?

We got so greedy because we saw bitcoin take another ATH last December 2017. Now, we want it back there. But that is not how the market should.
For me, I saw that number as a fake one. This now is real.
It took a slow increase but it is worth it. That way, they wont say it will just be another correction later on.

Kambal2000

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Quote from: ReiMomo on October 26, 2019, 03:14:58 AM

Quote from: gaston castano on October 26, 2019, 02:54:12 AM

it might indeed help bitcoin, but no one would do that if there were no hard guarantees or the certainty of bitcoin would grow up. every trader will make an exchange if indeed they make a profit there. and bitcoin is currently going up, if we have some altcoin to exchange with bitcoin right now I feel it's not an profitable.

That is right, how about let bitcoin let it be. I don't think that idea will work or make the entire market getting worst like the flooding of red colors. You can see what happens to the market now and we consider that it is a healthy market because we almost see more green than red color which indicates raising all the price of the coins. No harmful to the market is accumulating all coins that possible of having potential coins to invest. Avoid panic selling.

That idea is just like most projects are usually doing, they are creating hype to make public panic buying, they are buying their own tokens to add users to their platform, which for me is not a good idea, if your platform is good, and you have a real development with what you are doing, then users and price will follow no matter what.

ReiMomo

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Quote from: gaston castano on October 26, 2019, 02:54:12 AM

it might indeed help bitcoin, but no one would do that if there were no hard guarantees or the certainty of bitcoin would grow up. every trader will make an exchange if indeed they make a profit there. and bitcoin is currently going up, if we have some altcoin to exchange with bitcoin right now I feel it's not an profitable.

That is right, how about let bitcoin let it be. I don't think that idea will work or make the entire market getting worst like the flooding of red colors. You can see what happens to the market now and we consider that it is a healthy market because we almost see more green than red color which indicates raising all the price of the coins. No harmful to the market is accumulating all coins that possible of having potential coins to invest. Avoid panic selling.

gaston castano

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it might indeed help bitcoin, but no one would do that if there were no hard guarantees or the certainty of bitcoin would grow up. every trader will make an exchange if indeed they make a profit there. and bitcoin is currently going up, if we have some altcoin to exchange with bitcoin right now I feel it's not an profitable.

Murat

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I don't think that any good outcome of you will as like, how much you have invested your money? is that a huge amount? If you have a lot of money then it could be a factor but I have a lot of confusion that a group of people who want to control and volatile of this platform for their own interest, they have a large amount of Bitcoin and other altcoin investment, this is why our little amount of investment doesn't bring any positive impact on this market, on the contrary to this point, there is a chance to get Bitcoin price boom and the altcoin market will get collapsed, so at first, we have to look forward to a calm situation and a little stability of Bitcoin price.

opkm1980

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I think your idea is good and can work with a strategy to increase the price, however, betting exclusively on BTC is always risky, somehow the rest of Altcoins give balance to the ecosystem and have helped create niche markets.

A bet for a massive use must be the exit, important steps have been taken, but there is still much to do, when people can use Bitcoin and other Altcoins routinely, we will see the market valuation multiplied dozens of times.

radjie

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Quote from: Wysi on October 19, 2019, 03:50:07 PM

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

there is a possibility of that happening if we are able to move the funds we have on several altcoins and are able to convert them back to bitcoin, then it can increase the demand for bitcoins if everyone is able to do it simultaneously. but it is certainly able to influence the altcoin price movement, the altcoin market will become red because of the large number of people selling it

hello_good_sir

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Quote from: Fredomago on October 25, 2019, 12:09:14 AM

Quote from: JC btc on October 24, 2019, 11:24:34 PM

Quote from: Wysi on October 19, 2019, 03:50:07 PM

-Snip-

I think this is not a good idea at all, for those who believes in Bitcoin, then you can accumulate more but it is not right to exchange all your altcoins to Btc, as altcoins will declined too and legit project could stop and end what they are doing, there's a lot of project just like Eth and XRP that should be invested too as they are helpful in crypto economy.

It's better to accumulate bitcoin using another funds and not to convert your alts assets to hold, if you dare doing that since this thread has been
opened surely you regret the move as bears trend hits bitcoin. Avoid to make decisions without supplemental guide or patterned that will lead you
to much lesser risk type of investment, find time to pick or look for good alternatives since the market is red right now.

Alts can bring good bounce if you do research not bitcoin alone but also those quality projects from CMC.

Going off my that we can assume that every coin would become obsolete in the future, and there's no point in holding investments. If there's a sudden shift from altcoins of course we'll see the prices of bitcoin going up. A huge portion of the market has just become nothing and bitcoin dominance would be scarily high.

But it's similar to blinding yourself to be able to smell better (bit of a weird example, I know). You'd much rather the 2 thriving market sectors then just a singular one, and bitcoin dominance doesn't need to be insanely, insanely high like in my example.

Fredomago

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Quote from: JC btc on October 24, 2019, 11:24:34 PM

Quote from: Wysi on October 19, 2019, 03:50:07 PM

-Snip-

I think this is not a good idea at all, for those who believes in Bitcoin, then you can accumulate more but it is not right to exchange all your altcoins to Btc, as altcoins will declined too and legit project could stop and end what they are doing, there's a lot of project just like Eth and XRP that should be invested too as they are helpful in crypto economy.

It's better to accumulate bitcoin using another funds and not to convert your alts assets to hold, if you dare doing that since this thread has been
opened surely you regret the move as bears trend hits bitcoin. Avoid to make decisions without supplemental guide or patterned that will lead you
to much lesser risk type of investment, find time to pick or look for good alternatives since the market is red right now.

Alts can bring good bounce if you do research not bitcoin alone but also those quality projects from CMC.

Topic: Will it help bitcoin if we shift funds to it ? - page 2. (Read 609 times)