Bitcoin Forum

While bitcoin's price has stagnated in the last two weeks, smaller digital currencies such as ripple, stellar and tron have surged into the ranks of the largest cryptocurrencies by market capitalization.

Erik Voorhees, CEO of digital asset exchange ShapeShift, said that in contrast to bitcoin's dominance on the platform a year ago, about half of transactions on the platform now don't involve the popular digital currency at all.

However, bitcoin should still benefit from the increased interest in the "alt-coins." Analysts also point out that since bitcoin is the most established digital currency, it is often the way new investors access the cryptocurrency space.

"Bitcoin has such magnificent network effects that I don't see another alt-coin that's a little better at payments" or some other function right now, Autonomous' Sokolin said. "One of the top 10 will collapse."

wrong and wrong.
bitcoin price has not "stagnated", it was actually rising with a solid slow pace for the pat two weeks with one bigger faster jump when it reached the resistance.
as for XRP it has always had a huge market cap because it has billions of coins as its supply!
and Stellar got pumped hard because Coinbase said they will list it on their platform that is all!

ShapeShift is  a special form of exchange people use it to trade altcoins with each other. for example you dump ETH to buy LTC, you dump LTC to buy something else and so on! the volume of different coins change based on which one of them is being pumped at that point. just like any other exchange out there.

i disagree, the damage is more than any benefit that you are thinking of. the damage is two things:
1. damaging the image of bitcoin as altcoins are useless, buggy, scam, pump and dump and ...
2. damaging the price as when the big dumps come money usually exits through bitcoin and can crash bitcoin price too.

stagnant? do you not see bitcoin prices now? the price continues to grow and continue to increase. it becomes one proof that bitcoin prices are not stagnant. the price keeps recovering.

in the past one year why bitcoin prices are so dominant because not many altcoins are favorites. while at this time very much altcoin is a favorite of the holders. therefore bitcoin is no longer the most popular coin among holders.

it may happen that the top 10 coins will collapse, but it does not rule out that what will collapse is bitcoin if other atcoin can develop with the beat beat bitcoin price

Although I do not agree with you it does not matter what happened in the past, let the market speak now.
[Bitcoin 3.56%  ripple 1.85% stellar 0.60%  Tron 0.46%]

When I use ShapeShift, it means that I have some bitcoin and I want to exchange it into altcoins to achieve some gains.
Therefore, the conversion times are often from the Bitcoin to Xcoin "because of the ease of getting bitcoin" and then from Xcoin to Ycoin to Zcoin" because small fees compare to bitcoin."

only a handful of other Altcoins will survive as ETH etc. - but Bitcoin will remain the leader, no doubt.

My guy are you really sure, becuase bitcoin has prevailed long time ago. Prices are never stagnant. You see, as a mother of all coin, it is having some degree of direct or indirect effect on evry altcoin. Most other coins will grow so far as bitcoin grows.

Why are you talking with those coins from the beginning? Ripple and Tron? that's nuts.
Why he's only pointing out to the top 10 coins? the crypto market is vast and there are other altcoins that are also losing the spotlight when bitcoin starts to take the spot again.
Stagnant as he says? we've broke $7,600 and $7,700 just for today.

Bitcoin took a significant step toward becoming a mainstream financial instrument this week and might see pretty soon the 9k level, and even 10k if ETF gets approved. Now, depends pretty much on market participations of institutions/whales or how you want to call it. XRP does get surpassed by Stellar right now though due coinbase announcement.

That is where the the other reason for demand for bitcoin came from and it goes the other way around, they go hand in hand. They became competitors in market when a bearish trend takes place but vice versa when a bullish trend came.

conversion times are often from Bitcoin to Xcoin "because of the ease of getting bitcoin" and then from Xcoin to Ycoin to Zcoin "because of the small cost compared to bitcoin." That means I have bitcoin and I want to trade it into altcoin to get some profit.

I don't know why you mentioned that bitcoin has stagnated. Bitcoin will never Stagnated. It always change in order to improve itself. and It is always the best coin ever

Bitcoin will not be shifted from the market because with the user's bounty and the level of confidence already concerning almost all the world may be just some altcoin that will be shifted from the market but not in the near future.

By analyzation of past bitcoin wasn’t stagnated  for a long time . Sometime other altcoin’s effect fall on bitcoin but I think bitcoin control it’s market own.

just because bitcoin is strong and will "prevail" it doesn't mean that altcoins will do the same too.
unlike what people think, bitcoin and altcoins are not connected at all. they are completely different from each other and sometimes the prices are affected only because of arbitrage opportunities but the overall movement is completely separate.
if altcoins are good they will prevail but if they are bad and only an illusion because of their pumps then they will perish.

Increasing the crypto currency increases the bitcoin. Because most of the crypto market holds Bitcoin. Betacen's demand will increase further than before.

you say wrong! I do not agree with your point. You say bitcoin stagnation? Has it increased from over $ 6k to over $ 8k within a week that you say is stagnant?

Ur info is wrong bitcoin price is not stagnated from last two weeks because bitcoin price is moving slowly slowly on uptrend. bitcoin is the strongest cryptocurrency from other currency like Ripple, Dash,Litecoin and market capitalization is depend on price and bitcoin price is moving so now bitcoin market cap is more than other crypto and bitcoin price is more than $8000.

I think it will be a good sign for bitcoin and cryptocurrency . because bitcoin hold a big place in crypto. thats why it will grow with crypto market.

Bitcoin is the heart of crypto currency, we all see when the price of bitcoin are rising it has the effect on the other alt coin.  And as you say the price is stagnant i don't think so.

bitcoin has not been stagnant. bitcoin will go up and keep going up. may be currently stagnant only temporarily. see the coming months. bitcoin will penetrate a price that is more expensive than this.

I think not 1 but 8-9 coins from the top 10 will fall to 0, but it does not speak about their teams. they will create something that will be interesting to society

Most ALTcoins depend on Bitcoin. If BTC grows then other cryptos grow. Bitcoin is not stagnant, if you analyze the market graph you’ll see btc has been breaking resistances and almost at $8000 now. Increasing interest in bitcoin will also result positive value for the ALTcoins

Therefore, the conversion times are often from the Bitcoin to Xcoin "because of the ease of getting bitcoin" and then from Xcoin to Ycoin to Zcoin" because small fees compare to bitcoin."

Bitcoin will never be Stagnant. It's always changing to improve itself. And always the best coin ever. I do not know why you mentioned that bitcoin has stagnated

Of course, it is. Being the founding cryptocurrency, it will sutely prevail in the market. It first built its reputation and been known worldwide. It serves as a benchmark for other uprising cryptocurrency. People probably will go to those who has the most experience in the market. Also, having said that there are new cryptocurrencies circulating, bitcoin will surely find ways to improve its system and coexist with new entrants. It will always be a first come first use basis.

We have had some decent gains in bitcoin price in the past two weeks, even when it seem we will eventually go bearish because of the SEC rejection of ETF proposals

true, bitcoin affects everything.
altcoin is highly dependent on bitcoin, when bitcoin is rising and it is also followed by altcoin. bitcoin has a positive effect on altcoin.

everyone is certainly happy with the current state, bitcoin has hit $ 80,000.
and this price increase is followed by altcoin. I am very sure of the opinion that says bitcoin will reach $ 50,000 in December.

With the ETF deal not going through, one would have expected a drop in the market momentum, but it only slowed down only for a few hours.I have some inkling we willl hit 10k $ in about a week or two

BTC is the one that is looked at while Altcoins are the followers. So, if altcoin has a possibility of growing future, that purely depends on the growth of BTC. Bitcoin is developing and accelerating each second, as up to today it has gone up almost $8000. Increasing demand in BTC will hence bring growth for Altcoins and other cryptocurrenices.

There are rise and fall every time in crypto-market. BTC was not stagnated recently though was experiencing a slow rise but that recovered as BTC outreaches all mkt price. BTC is and always be dominant to altcoins if I'm not wrong. We cannot say what happens in the crypto world but can assume if BTC goes down, all it will take down with which is literally not going to happen.

From my point of view the crypto market is so vast also increase day by day. When crypto market spot other altcoin lose the spotlight. Today bitcoin raised to 7600 to 7700. I think bit coin will be the market leader.

From my point of view SEC will approve EFT definitely because we need development, security and legality. Most of the people wait for this approval.

As I know crypto market is so big and its increase day by day. ALT coin lose their spotlight when bitcoin is in limelight. Bitcoin price also raise from 7600 to 7700 so surely it will be the market leader.

As I know crypto market is so big and its increase day by day. ALT coin lose their spotlight when bitcoin is in limelight. Bitcoin price also raise from 7600 to 7700 so surely it will be the market leader.

Bitcoin and other cryptocurrencies will grow proportional if bitcoin increase other cryptocurrencies will also see price growth parallel

I do not agree with the statement that bitcoin has strangled but in reality bit coin is increasing day by day recently but it is increasing at a slow rate. Moreover whatever the situation, bit coin will remain popular as it is the base of this market.

I agree with you, we see that today many platforms do not use crypto, bear market becomes their main reason. I think they should find a way to maintain their platform value, so that their existence can survive in a bad market.

until today bitcoin always be the main choice for every investor, they never feel bored with bitcoin investment.

This is synonymous to the bitcoin fighting the cryptocurrency fights for the altcoins and making them have room of existence.  Good to know that over the years, bitcoin has been able withstand the pressures of its oppositions.

Of course it is easier for little coins to rise up and give more X. But BTC has the biggest support and base from all investors so it is still the leader or the market and almost everything depends on it

To me bitcoin is  and always be dominant to altcoins if I'm not wrong. We cannot say what happens in the crypto world but can assume if BTC goes down, all it will take down with which is literally not going to happen.

A lot of crypto money is being replaced in the marketcap. It will continue to change. Some cryptos can rise rapidly. Some may fall quickly. These are completely normal.

Yes, as far as I know because bitcoin was usually used in some transaction like payment of something. And also it's price was prevailing to other coins, but you know guys I am a little bit lonely because of what happened to bitcoin. Until now bitcoin price was remained to a lower price but I don't lose my hope because I believe there can be change happen soon, I am excited to heard a news about it.

Bitcoin is the first and most powerful electronic currency in the crypto market. Bitcoin always prevails over the rest of the altcoins. Everyone's trust in bitcoin is huge. In addition, the price of altcoins will affect the entire market.

Other coins still need to grow for a long time to get closer to the new year values. While the increase is negligible to say about it.

The price of bitcoin is not Stagnant bitcoin increases easily if other coin fall bitcoin may not drop even if it drop it will pump back with in an hours. Bitcoin can't be replace it the mother of cryptocurrency the source can't be forgotten.

We can not say what happens in the encoding world, but it can be assumed that if the BTC goes down, all of it will literally go down. When the other altcoin spot crypto market loses attention. In my opinion, the SEC will definitely approve EFT because we need development, security and legality. As I know the market for cryptography is so big and growing. Bitcoin prices have also risen from 7600 to 7700 so it will definitely be a market leader. The ALT loses its attention when the bitcoin is in the limelight. Bitcoin and other electronic currencies will grow at a rate if bitcoin appreciation of other electronic money will also see parallel price growth.