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Title: altcoins and btc Post by: sadghost909 on July 01, 2014, 01:55:11 PM Does the quality and count of new crypto-currencies affect on the bitcoin price?
If it really does, then how? Title: Re: altcoins and btc Post by: BTMan on July 01, 2014, 01:55:59 PM ???????
Title: Re: altcoins and btc Post by: raskul on July 01, 2014, 01:57:39 PM Does the quality and count of new crypto-currencies affect on the bitcoin price? If it really does, then how? no. toy exchanges are not directly linked to the BTC/fiat markets - however, they may have an influence when miners sell off altcoins to buy BTC for the purpose of converting to fiat currencies, as the price which that BTC is sold will have an impact (if even small) on the prices Title: Re: altcoins and btc Post by: EcuaMobi on July 01, 2014, 01:58:39 PM I'm sure it affects it, but I don't think it's possible to know how.
Some crappy coins will give a bad impression of all crypto currencies, including BTC. But some coins (even some crappy ones) can introduce new people to the crypto world, and eventually they'll learn about Bitcoin. So, not sure if it affects up or down. Title: Re: altcoins and btc Post by: primer- on July 01, 2014, 02:00:37 PM Of course alts influence btc price, why do you think current price is $655 ? Slimcoin my friend, Slimcoin!
https://bitcointalk.org/index.php?topic=613213.new#new Title: Re: altcoins and btc Post by: Kergekoin on July 01, 2014, 02:07:52 PM Alts have an effect by making the BTC more stable and have less/smaller spike effects. Simply because alts are traded against BTC and this generates a deeper market.
Some major alts like LTC and DOGE can also have small effect on BTC price, but not too much. Title: Re: altcoins and btc Post by: shai_ on July 01, 2014, 02:19:21 PM hmm
can one of the altcoins surpass bitcoin's market cap ? Title: Re: altcoins and btc Post by: Perl++ on July 01, 2014, 02:20:04 PM Does the quality and count of new crypto-currencies affect on the bitcoin price? If it really does, then how? Yes the bitcoin price is affected, because people prefer to invest in altcoins for increases their profits. Title: Re: altcoins and btc Post by: sadghost909 on July 01, 2014, 02:20:52 PM thanks for answers
if I'm wrong, please correct effect depends only on conversions between btc and some altcoin, and this effect is very small Title: Re: altcoins and btc Post by: romeshomey on July 01, 2014, 02:40:14 PM Does the quality and count of new crypto-currencies affect on the bitcoin price? If it really does, then how? No. Although without alt coins a large percentage of people using, holding, and knowing about crypto currencies would not exist today... Title: Re: altcoins and btc Post by: bc_wwang on July 01, 2014, 03:05:53 PM we are not sure the futrue of btc and the altercoin. Do you think btc will defeat all the altcoin?
Title: Re: altcoins and btc Post by: Marlo Stanfield on July 01, 2014, 04:26:48 PM Does the quality and count of new crypto-currencies affect on the bitcoin price? If it really does, then how? Yes the bitcoin price is affected, because people prefer to invest in altcoins for increases their profits. How does that affect the USD market cap for bitcoin? Bitcoins aren't being sold for USD to buy altcoins. If we get to a point where people are buying altcoins for USD then yeah that could have an effect. Title: Re: altcoins and btc Post by: Crypto_123 on July 01, 2014, 05:04:32 PM Alts have an effect by making the BTC more stable and have less/smaller spike effects. Simply because alts are traded against BTC and this generates a deeper market. Some major alts like LTC and DOGE can also have small effect on BTC price, but not too much. Only when you think of different crypto coins serving different purposes, it would lead to a higher overall market cap of crypto coins and therefore to a deepening of the market. By increasing the market cap of all crypto coins and introducing auto mining and trading mechanisms like the one of www.genesis-mining.com the price of bitcoin could be stabilized. This mechanisms mine the most profitable altcoins and exchanged them to bitcoin. Introducing a perfect market :) Title: Re: altcoins and btc Post by: Marlo Stanfield on July 01, 2014, 05:46:42 PM Alts have an effect by making the BTC more stable and have less/smaller spike effects. Simply because alts are traded against BTC and this generates a deeper market. Some major alts like LTC and DOGE can also have small effect on BTC price, but not too much. Only when you think of different crypto coins serving different purposes, it would lead to a higher overall market cap of crypto coins and therefore to a deepening of the market. By increasing the market cap of all crypto coins and introducing auto mining and trading mechanisms like the one of www.genesis-mining.com the price of bitcoin could be stabilized. This mechanisms mine the most profitable altcoins and exchanged them to bitcoin. Introducing a perfect market :) I'm I don't quite see what you mean here. Why would that lead to the stabilization of bitcoin? And why does miners hopping around drastically changing the hash on different networks help? Title: Re: altcoins and btc Post by: Crypto_123 on July 14, 2014, 10:05:13 PM Alts have an effect by making the BTC more stable and have less/smaller spike effects. Simply because alts are traded against BTC and this generates a deeper market. Some major alts like LTC and DOGE can also have small effect on BTC price, but not too much. Only when you think of different crypto coins serving different purposes, it would lead to a higher overall market cap of crypto coins and therefore to a deepening of the market. By increasing the market cap of all crypto coins and introducing auto mining and trading mechanisms like the one of www.genesis-mining.com the price of bitcoin could be stabilized. This mechanisms mine the most profitable altcoins and exchanged them to bitcoin. Introducing a perfect market :) I'm I don't quite see what you mean here. Why would that lead to the stabilization of bitcoin? And why does miners hopping around drastically changing the hash on different networks help? Because it can cause a "deepening" of the market. The higher the market cap the lower the volatility since the impact if single transactions decreases. Whether the drastically changing hoppers stabalize or destabilize is a good question.. Think of high frequency trading (super computers which predict stock prices by using past price developments http://en.wikipedia.org/wiki/High-frequency_trading) On the one hand it smoothens market imperfections on the other hand it might cause significant price jumps. Title: Re: altcoins and btc Post by: boxuser on July 15, 2014, 09:39:33 AM i do not think so
Does the quality and count of new crypto-currencies affect on the bitcoin price? If it really does, then how? Title: Re: altcoins and btc Post by: XbladeX on July 15, 2014, 01:03:54 PM Does the quality and count of new crypto-currencies affect on the bitcoin price? If it really does, then how? Alt market is currently overloaded IMO :-)... But at the end 0.1% of them will create something BIG. **** After any successful coin whole shit is starting again... Ltc -alt spam Doge - alt spam Blackcoin - alt spam DRK - alt anon spam ... what next ? no one know all want get +1000% income in week but not many improve existing coins... BTC will remain king of crypto for a while :)... soome day will me like e-gold while others will be in use. Title: Re: altcoins and btc Post by: CounterStrike on July 15, 2014, 01:35:40 PM Does the quality and count of new crypto-currencies affect on the bitcoin price? If it really does, then how? It does affect one way or other, alt-coin pump and dump causes many of my friend to think cryptocurrency is a scam. Title: Re: altcoins and btc Post by: Equate on July 15, 2014, 01:45:09 PM Bitcoin price does affect the price of altcoins.
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