Bitcoin Forum

Your thoughts?

Bitcoin's success or fail cannot be attributed to other coins being created.

It will succeed or fail on its own..

A few months back new altcoins were being created every other day. Big slow down since BTC has gone down in price.

I mostly agree, but your statement has nothing to do with your topic.

There are new websites created each week, that does not make Google.com a joke.

http://ffden-2.phys.uaf.edu/212_spring2011.web.dir/Samantha_Porreca/balance_1.gif

The price of bitcoin is being held down due to ALL the attention being paid to the POS side (sell side) of integration.

Not until we see an equal amount of attention being paid to payroll integration (buy side) will the scales become balanced.

Do not think so, alternate cryptocurrencies are seperate markets, BTC market prices going up and down by BTC market itself  ;D

I think the inverse is true, that the price of altcoins depend on the price of bitcoins.

I think they would have helped.

If people see a new altcoin which they know will have a great price swing or they really want to pump it, they will invest fiat in the form of bitcoin into it.

At the end everything if there is anything left will be converted back to bitcoin..

It's totally wrong
AltCoin can help bitcoin price rising up

Most cases you have to buy altcoin with bitcoin
So, you have to buy bitcoin first.

And most AltCoin will become fail, only few of them can compete with bitcoin

A lot of the investment in altcoins comes indirectly into Bitcoin, which helps to keep up the Bitcoin price.
Bitcoin price is dropping as the merchants accepting it does not hold it but convert to fiat immediately.

I think altcoins in general are a bit of a joke. There are a few that are innovative, but I think their future is relant on bitcoins success, not the other way round.

3000 -> 2000, bitcoin down
0.1 -> 0.01, altcoin balanced

lol

Alt currencies are the reason which keeps the people loyal to bitcoin.

it's the exact opposite:
bitcoin keeps the price of alts down

i think yes
as new altcoin release people dump their BTC for those alts
and the pumper or founder of that coin dumps those BTC with their premine or low value purchase before pump

The Jews did it >:(

http://s14.postimg.org/p2xxqp6cx/Capture.jpg

Most alts are bitcoin with a different name. Changing the name is the devs only innovation.

THe btc market cap vs the entire alt market cap is like an ocean to a puddle.

Well this would be true or valid, only if the founder sells the bitcoin .
In the case of Ethereum this was true.

Do this simple calculation.
Assume all the market cap of alternate cryptocurrencies is transferred to Bitcoin.
What would Bitcoin's price be? Is it going to make a significant difference?

If you ignore ripple, the market cap of bitcoin is ~4.3 billion, the next two biggest crypto market caps are ~$600 million and ~$500 million respectively, after that the next biggest market cap is under $100 million and after that they continue to fall rapidly.

Looking at the market caps of some of these shitcoins, I am somewhat surprised as to how valuable they are. I am not entirely sure how they got so much money invested in them (there must be a lot of suckers out there)

http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

Because ground-breaking, paradigm-shifting, black-swanning, point-tipping disruptive technologies, brah.  As a bitcoin aficionado, you should understand :)

Alt coins in a way keep prices down but in the same way BTC prices can also keep alt coin prices down so its a balance and 50/50 If something comes to light that theirs something more valuable than bitcoin and it can happen with an alt coin if they get it right then I would thing people would end up migrating to that coin and bitcoin taking a massive plummet down. BTC goes up generally others will go up based on % and market caps. Am sure that if a alt coin comes out and has a lot more to offer that Bitcoin does not and is done in the right way it will take off and surpass Bitcoin. Only a matter of time really to see this actually happen as theirs a lot of comperticition right now and wont take much at this growth for something perfect or better than Bitcoin to come along and knock it off the top.

I really don't think any altcoins have done any of the above. All they have done is tinkered with the protocol of bitcoin in a minor way, primarily by changing the protocol that the altcoin is mined, the target block time, the total supply and the difficulty retarget time