Topic: Will it help bitcoin if we shift funds to it ? - page 3. (Read 613 times)
I think it will not be easy because at this time there is no interest in bitcoin or ethereum because you can see it directly in the place where many coin price exchanges have fallen and the market conditions are bleeding.
easy to say, but hard to do)
by moving funds to bitcoin from eth, means that folks should sell their eth at current price - it means take a huge loss
no wonder no many will agree to do that, especially if there is no warrantee that after that bitcoin will go to sky to compensate losses..
so easy to say, but not possible to do.
by moving funds to bitcoin from eth, means that folks should sell their eth at current price - it means take a huge loss
no wonder no many will agree to do that, especially if there is no warrantee that after that bitcoin will go to sky to compensate losses..
so easy to say, but not possible to do.
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.
Every little trader has some kind of weight in the market no matter if you trade Bitcoin against fiat or altcoins. The basic law of supply and demand says that if you capture from supply(eg. you sell ETH for BTC) and the demand stays the same, the price will increase as there are the same number of buyers fighting over a lower amount of Bitcoin.
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.
It means you don't think about altcoin, if you divert funds from altcoin to bitcoin, then the dominance of the bitcoin market will be even higher. We already know in the market that bitcoin dominance is already high, if everyone does that maybe the value of bitcoin will go up. What about altcoin? I think we need more mass adoption by FIAT.What about altcoins? Nothing, let them die. Most altcoins are nothing but a schemes that are supposed to benefit their devs. Some are blatant scams that still linger in the space, years after exposure. Is there a point to having all of this foul smell dragging behind Bitcoin? IMO there is not.
The math is simple, if the money from altcoins would go to Bitcoin it would significantly pump it and probably start another bubble. That's probably the only downside of this whole idea as bubbles are always much worse than a gradual, steady growth.
The Alt coin investors are invested in Alt coins because they hope that they could repeat the massive "profits" that early Bitcoin investors got when they invested in Bitcoin in 2009. So most of them bought Alt coins very early when the price was still low and now they sitting back and hoping that the Alt coin prices will be going to the Moon.
A lot of these Alt coin supporters will not sell their hoard to bump the Bitcoin price, because of the above reason. It will be much better for Bitcoin supporters to go out there and to increase natural Bitcoin adoption to "pump" the price.
A lot of these Alt coin supporters will not sell their hoard to bump the Bitcoin price, because of the above reason. It will be much better for Bitcoin supporters to go out there and to increase natural Bitcoin adoption to "pump" the price.
yes indeed, bitcoin is my savior because if all the altcoins that I hold are the bitcoins that I trade because besides the price is quite stable bitcoin fans are still very much, because that bitcoin is my favorite coin where altcoin is all red, but if bitcoin is experiencing dump then I put a stop loss in order to minimize losses.
I'll give 1 tip that will help you not to worry about those altcoins you mentioned; SWITCHED TO BITCOIN.
I also experienced this before, worrying on some of my altcoins before, but I decided to cut loss. Sold some of my altcoins and I added more Bitcoins on my bag.
I also experienced this before, worrying on some of my altcoins before, but I decided to cut loss. Sold some of my altcoins and I added more Bitcoins on my bag.
You will just increase your loss in investment if you convert all your altcoins into Bitcoin, only the long-term Bitcoin holders will benefit from what you intend to do. I get OP's intention to help Bitcoin price to grow but converting all your altcoins into Bitcoin is not the right thing to do unless you are holding a coin that is about to become shitcoin.
Is it a good idea for this platform? I don't think so. if it will happen then cryptocurrency platform will get destroyed soon, without other cryptocurrencies, it's really difficult to maintain this system, people love investing in a new project so they want ICO/IEO or something like this, I think it might turn a worse scenario according to your suggestion, Bitcoin requires a lot of new investors not a short term support, when we move to Bitcoin then the price will increase for a certain time and in the meantime some people get the benefit of this situation, so it's not the solution for the sustainable development, I think the declaration of legal payment system will get it high for the sustainable price.
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.
It means you don't think about altcoin, if you divert funds from altcoin to bitcoin, then the dominance of the bitcoin market will be even higher. We already know in the market that bitcoin dominance is already high, if everyone does that maybe the value of bitcoin will go up. What about altcoin? I think we need more mass adoption by FIAT.This may also become the reason for the end of altcoins, including popular altcoins will die if the community will pull out their altcoins all at once. This may cause a terrible situation in the crypto market.
I mean, it'll definetly increase the price of Bitcoin and pump that upwards in the market, but there are 2 consequences and problems that will come of that.
1. Not everyone wants all their money in Bitcoin, especially in the current market and it will be very hard for you to convince whales to shift all their funds over to a specific crypto.
2. Other people have investments in altcoins and when they shift those funds over we will see a huge dump in those markets. No doubt it'll be all red in the altcoin side of things
1. Not everyone wants all their money in Bitcoin, especially in the current market and it will be very hard for you to convince whales to shift all their funds over to a specific crypto.
2. Other people have investments in altcoins and when they shift those funds over we will see a huge dump in those markets. No doubt it'll be all red in the altcoin side of things
It's the same cycle that took place with every crypto market craze. Whales aren't there to just move to a coin and hold. When Bitcoin soars, the wallets of those holding Bitcoin soar too so the smartest thing to do is buying another altcoin whose price declined. This always happens and that's the way markets get balanced..
And it's not us who must convince whales to invest their money in an alt or in Bitcoin. They need good enough news to do so, and remember: if you ever get the chance of convincing one to make a move, as a whale it is highly likely they will one day make the opposite move too. One doesn't sit on a bag of money forever. They'll have to cash out or move their money again to gain even more profit.
Bitcoin's core value is money. It's not an investment per se, and it has a better stock-to-flow ratio than fiat. So, there's no need to panic. You have to be patient. Wait a few years until fiat got another crisis, and your Bitcoin could worth 2x or more than today.
If you need to invest, lending is probably a better option.
If you need to invest, lending is probably a better option.
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.
It means you don't think about altcoin, if you divert funds from altcoin to bitcoin, then the dominance of the bitcoin market will be even higher. We already know in the market that bitcoin dominance is already high, if everyone does that maybe the value of bitcoin will go up. What about altcoin? I think we need more mass adoption by FIAT. 
In my opinion transferring all assets owned to bitcoin so that the price can go up is not a good decision. So it seems that
other coins are not important, this is not a wise move. We must find another way to raise the price of bitcoin, not by
sacrificing altcoins. I don't want to do it, the thing is the way it will not make cryptocurrency bright in the future. In fact,
it will create new problems, let us think smart about this problem.
It's not that simple anyway. However, there are quite a number of potential altcoins, for example, ETH, XRP, EOS, XLM, etc. that are worth holding back. A fairly deep price reduction on most altcoins creates a great opportunity to bounce as high as possible if there is a big pump. Besides, how much altcoin does it have that it can increase the demand for BTC in such a way that it pumps? not that easy, except that you are whales or market maker. other coins are not important, this is not a wise move. We must find another way to raise the price of bitcoin, not by
sacrificing altcoins. I don't want to do it, the thing is the way it will not make cryptocurrency bright in the future. In fact,
it will create new problems, let us think smart about this problem.
In my opinion transferring all assets owned to bitcoin so that the price can go up is not a good decision. So it seems that
other coins are not important, this is not a wise move. We must find another way to raise the price of bitcoin, not by
sacrificing altcoins. I don't want to do it, the thing is the way it will not make cryptocurrency bright in the future. In fact,
it will create new problems, let us think smart about this problem.
other coins are not important, this is not a wise move. We must find another way to raise the price of bitcoin, not by
sacrificing altcoins. I don't want to do it, the thing is the way it will not make cryptocurrency bright in the future. In fact,
it will create new problems, let us think smart about this problem.
You'll just be inflating the prices in the short term while doing nothing to help in the long term. Bitcoin needs more adoption and use. If you can't convince the general public to be using it, it wouldn't be beneficial for us to just purchase more Bitcoins for the sake of inflating the demand. It isn't feasible for us to purchase Bitcoin just to increase the price either.
Tbh that’s what’s really happening with bitcoin and altcoin anyway for years now. When bitcoin market feels lame and inactive, most of the funds are lingering within the altcoin market and other ventures. I do believe that whenever an asset, including bitcoin and altcoins reach the end of their cycle, the funds are not lost but rather flow into some other assets. No money is sleeping for the investors, and to this notion, yes, it’s possible that we can just transfer the funds from the altcoin markets to bitcoin but prepare for the worst once people have already collected profits.
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.
it could work if people shift their funds to bitcoin at the same time, but if not. then it will just fail. the reason why whales can influence the price of bitcoin is
that they have such a large quantity of bitcoin that they can pump or dump the price in just one transaction that is why a lot of people believe that whales control the
price because of that.
Altcoins were created in par with bitcoin. Altcoins won't be converted to fiat, unless you convert it to bitcoin.
If all altcoins were to be converted to bitcoin, it will be considered as trash because no one else will ever be buying it.
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.
All crypto prices have been dropping , bitcoin is no different.
All throwing money at bitcoin will do , is lose more of your money.
The last hope line, don't made me laugh,
Bitcoin has been intentionally limited, with LN (Banking) the so called solution.
You should be asking yourself ,
what altcoins can survive a massive price crash and continue on , without bankrupting the miners.
When you find an alt that can survive such a thing, you found the real survivor, and it is not bitcoin's pow multi-million dollar insanity.
Remember Bitcoin was supposed to be a payment system not a get rich quick ponzi bubble.
Why would you need to throw money at a payment system , answer is you would not need too.
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