Altcoins rising

[Meowth05]

You can consider some of the alt coins like ethrium monera etc that getting and having success like bitcoin does but still a long run to become like bitcoin also so many alt coins in the market that cost nothing so for me just bitcoin.

[cryp24x]

Can you send money "fiat-to-fiat" with Dash, LTC or ETH from India to Canada, for example, without high fees?
 

I'm sure people are working on projects this very moment to do that.  Do you really think it will be long?

I think the scaling debate is more than a little relevant.  It's the main reason why bitcoin is losing.
Some people are waking up and have urgency, but sadly not enough.  By the time price makes
the poor fundamentals clear of a non-scaling bitcoin, MAJOR damage will have been done.

stop this ridiculous no clue discussion. Bitcoin still works great and is very cheap to transfer money. and bitcoin is the only that have a real use in real economy.

Bitcoin fee would be high to those who want it for free.  There is no argument on that.


I think altcoins are getting more audience today.  They even form alliances to further develop their functionality, which is a good thing for cryptocurrency as a whole.  With this, it certainly creates hype and attract people to buy their altcoin.  And with a huge fund in their hand and a large percentage these developers are holding, there  is no doubt they can manipulate the market according to their likings.

[dinofelis]

but notice that only dash and etehreum are big enough to make the whole marketcap very significant, without those coins the whole marketcap would still look tiny

I don't see how you can say that.  Ethereum is about half of the alt coin market.  Dash is not the other half, by far.  Ripple is 3 times bigger, and LTC and ETC are comparable to DASH.   Monero and NEM are each of the level of half-a-dash.

No, the alt coin market is much less monopolized than was the crypto market when bitcoin was still the monopolist.

The "leader of alt coins" has only 50% of the alt market share, while bitcoin has been, until recently a few months ago, essentially been above 80% of the market cap of crypto.

The market is becoming much, much more diversified.

[Distinctin]

My thoughts of this was because there are a lot of projects that are successful in altcoins.
Ethereum is the leading in altcoins and it has a lot of tokens that are successful, nowadays I've seen majority
of the well funded ICO are increasing its price also.

[eXpl0sive]

Whatever may be causing the rise of altcoins, it is good for all. Even for Bitcoin. Because after all it is all crypto. Anything good for crypto is good for Bitcoin as well, as it establishes user trust in the system.

[ethereumhunter]

I think the argument there is that a rising tide lifts all boats, so the profits from altcoins may not last, and once they don't, the traders may pour into Bitcoin.

Profits from altcoins really don't last so it is wise to convert into bitcoin once in a while if one bought altcoin at a low price to get profit weeks or months ago. I think this altcoin rising pace will end soon specially now that btc is rising too. Many might think of pouring their investments onto bitcoin to profit more thus might be the reason for the end of altcoin rising in weeks to come and bitcoin will remain dominant.

i don't think that altcoin rising will end soon because as long as bitcoin price is still up then altcoin will be followed although there are any correction price for bitcoin and altcoin, the price is following each other. and i think its good for altcoin because if we can make profit, then i am sure that our bitcoin will be increase too and we can make withdraw with much of profit.

[DoublerHunter]

I think this is getting better for the market because back in the days when i was trading altcoin, i'm always afraid to touch any kind of altcoin when the price of bitcoin is getting higher because i always think that the altcoin will go down but now it is not, they are both rising and i don't know what is the reason but i think the altcoin market is getting enough investors to maintain the price of their coin.

[Vaskiy]

Whatever may be causing the rise of altcoins, it is good for all. Even for Bitcoin. Because after all it is all crypto. Anything good for crypto is good for Bitcoin as well, as it establishes user trust in the system.

As quoted the altcoins growth is a good thing for the entire crypto community who are into real use of bitcoin and altcoins. Though altcoins have not got much usage same as bitcoin, the trading platforms of altcoins help in making a better profiting and invest into bitcoin.

[buwaytress]

I don't see how you can say that.  Ethereum is about half of the alt coin market.  Dash is not the other half, by far.  Ripple is 3 times bigger, and LTC and ETC are comparable to DASH.   Monero and NEM are each of the level of half-a-dash.

No, the alt coin market is much less monopolized than was the crypto market when bitcoin was still the monopolist.

The "leader of alt coins" has only 50% of the alt market share, while bitcoin has been, until recently a few months ago, essentially been above 80% of the market cap of crypto.

The market is becoming much, much more diversified.

And all the better for the entire crypto market. I've only been an accidental diversifier, but am glad for my modest hodlings of the three alts I've always considered to be part the "Big Four", ETH, LTC, DOGE.

None have seen the spectacular peaks some alts have experienced these weeks and months, but I'm perhaps more comfortable with the steady growth.

[mkmdoc]

You can consider some of the alt coins like ethrium monera etc that getting and having success like bitcoin does but still a long run to become like bitcoin also so many alt coins in the market that cost nothing so for me just bitcoin.

Of course, right now the chances are very less, many new people are entering into the crypto world, but this basic step of all the people because crypto's already changing blockchain system technology which many banks are being migrated. In coming days we can see many other sectors coming forward to the crypto world.

[Yuhee]

I remember a day where BTC was king and all altcoins were lousy. They would all fail soon, and only BTC would survive. The market capitalizations of all altcoins was less than a tenth of BTC's. Times have changed! Today, the market capitalizations of all altcoins is more than 40% of BTC's.

Obviously, there is more and more money going into cryptocurrencies. BTC is still leading by far. BTC also remains the one and only crypto you can actually use to buy things, and it's the easiest to buy with a bank transfer. But it needs to get better quick. Investors now have a wide choice to put their money in, and that shows.

Well it's not easy to give fame to your own coin if possible especially if the 1st created has already a high gap on the next altcoin. Ethereum was not the 2nd to be created but it rised among altcoins. An alt coin has chance depending on how unique its features are. Right now its hard to think of own style because almost all altcoins has the same motive but has different perspective on each of them.

[steamon]

How fast everything is rising like now and new money coming in. I think this is like the next step what's happening the real investment world is interested in crypto now I also saw some signs from some bigger investment dutch companies. But they don't really reveal it publicly you have to search it deeper. I mean why would they tell the public that they make insane profits with crypto? Then every man will step in. 300 bil+ this year would by nice maybe too optimistic. But I am just saying what I think. If this keeps going its possible.

And many many more tokens will by released. No one wants to miss the boat this year. The further future I can't tell and it will also by good for bitcoin. We only need to watch out if bitcoin dominance doesn't go down to much. That can cause price drops later on if to many people move to alt coins. But at the same time if people keep paying more money for the bitcoins it can't really drop either.

[chek2fire]

[European Central Bank]

'I think this is like the next step what's happening the real investment world is interested in crypto now I also saw some signs from some bigger investment dutch companies.'

'No one wants to miss the boat this year.'
 

that type of talk is an irrefutable sign of a swollen bubble about to spray everyone in the face with its burst.

[JayT]

'I think this is like the next step what's happening the real investment world is interested in crypto now I also saw some signs from some bigger investment dutch companies.'

'No one wants to miss the boat this year.'
 

that type of talk is an irrefutable sign of a swollen bubble about to spray everyone in the face with its burst.

bet .01btc it's not a bubble and no 'burst' within the next 3 months.
stipulations:
1) we will call a 'burst' 20% fall from these levels.
1) any 'burst' would have to be from around these levels, now higher from here...therefore:
2) current altcoin market cap is ~$12.5 billion (per coinmarketcap.com)
4) you win if altcoin marketcap hits 10.1billion marketcap.

if you want a longer timeline lmk. but i'd rather just do mulitple bets cuz I don't wanna wait too long for my money

Wont crash, not a bubble yet. Indvidual coins might crash, but as a group...UP. I'd even be willing to bet they RISE 20% from here, hah!

[European Central Bank]

bet .01btc it's not a bubble and no 'burst' within the next 3 months.
stipulations:
1) we will call a 'burst' 20% fall from these levels.
1) any 'burst' would have to be from around these levels, now higher from here...therefore:
2) current altcoin market cap is ~$12.5 billion (per coinmarketcap.com)
4) you win if altcoin marketcap hits 10.1billion marketcap.

if you want a longer timeline lmk. but i'd rather just do mulitple bets cuz I don't wanna wait too long for my money

Wont crash, not a bubble yet. Indvidual coins might crash, but as a group...UP. I'd even be willing to bet they RISE 20% from here, hah!

that sounds like a plan. i'll pm you. if it hasn't happened by august 1st i'll pay up. if it does then i'll nominate the charity where i want your .01 to go.

[Golftech]

My thoughts of this was because there are a lot of projects that are successful in altcoins.
Ethereum is the leading in altcoins and it has a lot of tokens that are successful, nowadays I've seen majority
of the well funded ICO are increasing its price also.

i agree that there's a lots of successful project which why the value is really rising and even bitcoin is also keep showing good uptrend movements alts are also moving alongside on it, we really can't say now that hen btc rise alts will slowly fall instead, time to keep chasing for the alts that will be pumped together with btc rise up.

[BitScrip]

Faith in crypto is increasing overall. Faith in fiat is decreasing overall.

Fiat markets are a mess but crypto markets are meant for movement.

Progress in crypto is moving faster than any other tech. This is value for everyone in.

The rise will continue.

[Spoderman]

'I think this is like the next step what's happening the real investment world is interested in crypto now I also saw some signs from some bigger investment dutch companies.'

'No one wants to miss the boat this year.'
 

that type of talk is an irrefutable sign of a swollen bubble about to spray everyone in the face with its burst.

This is what I'm afraid of too. When does the bubble burst and everyone is hurting badly. Well, I hope to be out before that happens. Its just the greed takes over and you don't want to be know for having weak hands.. I lose sleep over this stuff. lol..

[dinofelis]

'I think this is like the next step what's happening the real investment world is interested in crypto now I also saw some signs from some bigger investment dutch companies.'

'No one wants to miss the boat this year.'
 

that type of talk is an irrefutable sign of a swollen bubble about to spray everyone in the face with its burst.

Probably the most obviously correct analysis !