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Author Topic: The big picture they've all been missing  (Read 697 times)
Wildwest
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February 26, 2019, 12:24:43 AM
 #41

All crypto requires Bitcoin, why? the logic is that every crypto made through ICO or IPO sales is bought with bitcoin or ethereum. But most people prefer bitcoin to save their funds, so the bitcoin network will never go out. Even though prices tend to go up and down, I'm sure it's part of the dynamics to keep bitcoin alive.
And exchanges also affect the altcoin price of bitcoin because there are lots of exchanges that pair altcoin and btc, thus affecting all altcoins

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mapanlah
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February 26, 2019, 12:45:25 AM
 #42

If all the news about Bitcoin influences the whole crypto market, I guess that is enough. No one can know whether this is going to happen, but to replace BTC with one of today's crypto, more things are needed to be change. It is like you want to change the fundamental of a 20-floor building.
we should realize that crypto prices change very quickly, so don't be a reason for us to complain about prices. so we can take the positive side of the crypto market which is always monitoring a large news story that can affect prices and we can make the right decision when is the time for traders to start selling and buying.
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February 28, 2019, 04:19:45 AM
 #43

I think it is true most crypto depends on the price of Bitcoin,
So how can they kill Bitcoin?They should know that if they kill it they also commit a suicide,
And to be honest I don't really think that there are crypto out there right now that could take over the place of Bitcoin.

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February 28, 2019, 10:32:57 PM
 #44

There are some points that I have to agree with your statements. We all know bitcoin first as cryptocurrency. Next is eth and other altcoins. Your bottom line here is that, BITCOIN will still be the no. 1 crypto. In fact, you are saying that we should promote it first before any other altcoins and I think it isn't appropriate to do that.

Investors are always have a choice what to promote since crypto currency world has so many coins to offer.
zikzag
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March 01, 2019, 06:31:47 AM
 #45

Without bitcoin there is no crypto at this time. But in the future, everything can change and another more advanced crypto technology to force out bitcoin. Without development there is no crypto.

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March 01, 2019, 07:49:11 AM
 #46

Without bitcoin there is no crypto at this time. But in the future, everything can change and another more advanced crypto technology to force out bitcoin. Without development there is no crypto.

That can only happen if that Coin is not controlled by the developer and it is open source just like Bitcoin which is running itself as currency which dont need any project to promote itself. So i think it will be very hard to beat Bitcoin in the near future. It is true that in starting lot of big projects which were based on bitcoin are running successfully like gambling industry and which ever tried to promote their own coin have not succeeded.
TheCoinGrabber
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March 01, 2019, 02:21:26 PM
 #47

Well, they can try to be standalone but save for a few like eth, monero, etc., most of these alts are mostly for trading with bitcoins. Many can't even be used for purchases.

They sprouted out thanks to bitcoin and for the time being requires bitcoin to be alive.
virasog
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March 02, 2019, 05:46:58 AM
 #48

yes, altcoin dependence on bitcoin will remain forever, we invest only based on the value of bitcoin, understanding of the decline and rise of bitcoin is very important to learn as a basis for investment in altcoin


Altcoins depends upon the movement and in most cases even the price of altcoins is directly related to bitcoins.  We often see that once bitcoin is dumping the altcoins also start dumping and dump even more hard than the bitcoins.

Bitcoin is the major currency and therefore we see that bitcoin dominance is above 50% which shows how much dominant is bitcoin.
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March 02, 2019, 05:59:21 AM
 #49

I think it is true most crypto depends on the price of Bitcoin,
So how can they kill Bitcoin?They should know that if they kill it they also commit a suicide,
And to be honest I don't really think that there are crypto out there right now that could take over the place of Bitcoin.

If they killed Bitcoin then they will also get died, right? Grin

I don't think the altcoin can beat or compete with bitcoin and I am sure that bitcoin will still at the top position at the crypto because bitcoin is the leader of the other coins. But we don't know what will happen with the future as the future still dark for all of us and we could only follow the journey of cryptocurrency while we can try to make a profit from the crypto itself.

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