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Author Topic: Will bitcoin eventually kill Altcoin?  (Read 5461 times)
Ahimoth
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July 19, 2017, 02:20:00 PM
 #61

This is not true, the opposite happens historically - when BTC goes up ALTS follow.

Yeah like just happen last weekend as bitcoin having dips as altcoin is. The exchanges had gone red and many are in panic mode. Every alt coin follows bitcoin fluctuations, if you're lucky enough to choose good altcoins that when bitcoin pumps as well as your coin.
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July 19, 2017, 02:32:32 PM
 #62

There is an opposite relationship between bitcoin and altcoin, when people prefer to spend their money on bitoins, altcoin will weaken slightly automatically and all will be fine

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July 19, 2017, 02:42:41 PM
 #63

Every time bitcoin price goes up,Altcoin price take a dip.No doubt bitcoin rule the crypto world and sooner or later it will become mainstream.
Once it happens, btc will be worth million dollar.Will then all Altcoin be died?Seems Altcoin price are inversely proportional to btc price, if btc keep rising, will Altcoin keep falling? .
I think its not. Even bitcoin price become to high still there are altcoin who will stay behind it. But its true that bitcoin was the one who has a high price compare to other altcoin. Not just because bitcoin price is rising it means that altcoin will fall.
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July 19, 2017, 02:46:17 PM
 #64

I think the comparison should be Bitcoin to Dollar when the price of Bitcoin is less, note down the prices of altcoins. When it rises compare the same and note down the prices. You'll see that altcoin price has also increased.

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July 19, 2017, 02:47:53 PM
 #65

This is not true, the opposite happens historically - when BTC goes up ALTS follow.
Definitely, and not just because bitcoin was above from altcoin it means that it can make altcoin die. It wont happen because altcoin was the other type of coin that can be used if you dont have bitcoin. And this was also the reason why we have more bitcoin. The price of it was just nesrly connected to each other and thats why when bitcoin goes up altcoin follow.



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July 19, 2017, 02:52:04 PM
 #66

Bitcoin is already killing the altcoins and the altcoins are just resisting it because if you will look at the overall market, bitcoin is always in the top 1 and that is the proof that bitcoin cannot be defeated by any altcoins because it is the most valuable and trusted coin in the market.
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July 19, 2017, 03:00:04 PM
 #67

I dont think actual fact is most of the coins not depend on each other like bitcoin . Every coins come of with particular solution like ether is the currency holding ethereum platform were able to create smart contracts for transacting token created need some ether (ETH) crypto currency  so ethereum gains popularity .
But it will be difficult for the altcoin to leave from the market dominance of bitcoin. remember the ripple and ethereum already did it in the past but looks the bitcoin still become a strong candidate for the crypto leader.
I think the price all of the coin still pegged with the bitcoin outside from the crypto popularity

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July 19, 2017, 09:45:18 PM
 #68

Every time bitcoin price goes up,Altcoin price take a dip.No doubt bitcoin rule the crypto world and sooner or later it will become mainstream.
Once it happens, btc will be worth million dollar.Will then all Altcoin be died?Seems Altcoin price are inversely proportional to btc price, if btc keep rising, will Altcoin keep falling? .
No. The possibility for that thing of altcoin death because of bitcoin pump is impossible. Because not all the times that when bitcoin price pumps, altcoin price dumps. There are instances that they do both acquire the pumps. Also the reason why bitcoin has its high price value compared to altcoins because many users preferably use bitcoin a lot. And also to maintain balance in the market, there must be an opposite scenario to happen which is dump and pump to maintain the balance it the price cycle.
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July 19, 2017, 09:48:29 PM
 #69

Every time bitcoin price goes up,Altcoin price take a dip.No doubt bitcoin rule the crypto world and sooner or later it will become mainstream.
Once it happens, btc will be worth million dollar.Will then all Altcoin be died?Seems Altcoin price are inversely proportional to btc price, if btc keep rising, will Altcoin keep falling? .
I think its no. They have been depended on each other now and help each other. Like what it has been happened last time btc drops as well as the alt coins. We can see that they have been connected to each other.

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July 19, 2017, 11:45:31 PM
 #70

I pikiri, it will not be possible because of the price of the bitcoin is still in the top spot in the market trades even be high there is still altcoin who will stay behind it. But the true bitcoin is a person who has a high price compared to other altcoin. Not just because of the price of the bitcoin ride that means that altcoin will fall.
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July 20, 2017, 01:12:17 AM
 #71

Bitcoin is already killing the altcoins and the altcoins are just resisting it because if you will look at the overall market, bitcoin is always in the top 1 and that is the proof that bitcoin cannot be defeated by any altcoins because it is the most valuable and trusted coin in the market.
At first I thought that yes,but then  when you observe for some time altcoins like Dash,Eth and some others you realize that it really is not like that,where maybe if I should be in complete agreement is that effectively the one at the top at the moment is BTC and the one that has come closest is ETH, and really I do not know if that can be different in later years or if a new super coin can be able to surpass or to rival with BTC.

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July 22, 2017, 08:27:46 AM
 #72

actually, it's the opposite. BTC gets high, so as ALT. pretty clueless for a hero member e?
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July 22, 2017, 09:03:48 AM
Last edit: July 22, 2017, 10:00:44 AM by Sumo
 #73

Now that bitcoin has Segwit, it will be able to do anything that any Altcoin can do. Why do we need etherium when btc will have smart contracts also? The altcoin community better start coming up with some fresh ideas or they will get left behind.
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July 22, 2017, 12:15:06 PM
 #74

This is not true, the opposite happens historically - when BTC goes up ALTS follow.

I think it is not the fact. Recently, the bitcoin dumps a lot maybe because of the hard fork issues, but these days, the bitcoin as well as the alt coins pumps together.

 
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July 22, 2017, 02:52:05 PM
 #75

In my own opinion,not really,because their are still many uses altcoins,Cause altcoins are small amount of bitcoins it is still used.For many people using altcoins ther are using it to sell it in to higher value and to become bitcoins.Thats why altcoins are not easily disappear in cryptocurrencies.
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July 22, 2017, 02:58:18 PM
 #76

Both bitcoin and altcoin will need to survive along side each other with one not killing each other. The alt section of the crypto sections make the entire crypto world interesting by providing enabling environment for trading activities which is a major backing for bitcoin especially those who are actively involved. This alone is what makes the crypto world bigger and bigger that is even commanding the attention it is today.
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July 22, 2017, 03:27:33 PM
 #77

Not all altcoin falls when bitcoin rises. Yes it is true every btc ride altcoin definitely fell for somehow it happened or there was a game. But what I know when bitcoin rises is how many coins keep following the bitcoin like eth and ltc. I think it is not possible eth and ltc will match btc.

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July 22, 2017, 03:42:14 PM
 #78

Both bitcoin and altcoin will need to survive along side each other with one not killing each other. The alt section of the crypto sections make the entire crypto world interesting by providing enabling environment for trading activities which is a major backing for bitcoin especially those who are actively involved. This alone is what makes the crypto world bigger and bigger that is even commanding the attention it is today.
Bitcoin is the King and altcoin always follow Bitcoin, when Bitcoin have problem some soldiers (altcoins) will want replace it. But not easy for overthrow a King have long history as Bitcoin and biggest community on crypto world. The altcoin replace this place just is temporary and will crashing too if Bitcoin breakdown

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July 22, 2017, 03:52:10 PM
 #79

Bitcoin is the King and altcoin always follow Bitcoin, when Bitcoin have problem some soldiers (altcoins) will want replace it. But not easy for overthrow a King have long history as Bitcoin and biggest community on crypto world. The altcoin replace this place just is temporary and will crashing too if Bitcoin breakdown
Well said.
There will always be altcoins, even if something happen to bitcoin and it dies and some altcoin replace its place, there will always be new altocoins trying to replace new king.
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July 22, 2017, 04:05:24 PM
 #80

I don't think this might happen. coz i see altcoin as an element which preserves balance to the crypto world. just how you observe in the real world. the bitcoin act as the usd for the universal currency and the
altcoin are those other currencies. it maybe simple but i guess it's a concrete explanation to sum things up.


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