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Hassan02
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November 17, 2017, 04:34:03 PM |
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bitcoin can and will kill maximum altcoins because these coins base their value off of bitcoin. Not only do they base their value off of BTC but they only exist because of the shortcomings BTC is currently experiencing, which is normal for a consensus network aiming to serve a global market. Once BTC scales to become a payment system and the Grin blockchain with the Grin currency is here it will replace all other altcoins eventually.
but it will always depends on the situation but why they want to kill altcoin if altcoin really under estimate for what is bitcoin why they let altcoin been created we know that altcoin has it own role in the cryto currency so , if bitcoin wanted to kill altcoin at first it was done but it was not and let altcoin exist. |
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moooonu
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November 17, 2017, 05:20:53 PM |
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All other coins are getting dump because everybody is just buying and holding bitcoin as they are planning it for long term profit. A coin gets its pump when someone puts a more than 10 btc buy wall and that much large buy order will gets it pumped.
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katiecbell
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November 17, 2017, 05:56:29 PM |
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Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
Maybe for some altcoin will feel the impact of soaring bitcoin prices and there may be some who will destroy. And now we should be able to choose altcoin if we want to invest It is normal for some altcoins not to survive at the end and that totally depends on the developers themselves. Some coins have no project really backing them up and they are just there to populate the market for no reason without any support. Those are the coins that cannot always see the light of day most times when things go wrong. No one even wants to hold a shit coin without many activities anymore. |
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bncbnc
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November 17, 2017, 11:33:25 PM |
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All other coins are getting dump because everybody is just buying and holding bitcoin as they are planning it for long term profit. A coin gets its pump when someone puts a more than 10 btc buy wall and that much large buy order will gets it pumped.
Yes that is right that bitcoin has a great impact on the price of other altcoin. But still i think there are some altcoin who have good potential and people still want to invest money there. therefore i think that bitcoin is effect altcoins but some altcoin still can survive in a good position as people still interested to trade such altcoins. |
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jostorres
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November 22, 2017, 11:52:18 AM |
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Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
Although the market of other altcoins is dumping without any pump in btc prices but if we take a closer look we will find that after a while they became stable and the point of vanishing the altcoins or other cryptocurrency by bitcoin seems not possible as they have their own value and everyone cannot trade in bitcoin because of its price comparitavely and at the same time bitcoin needs other coins for transaction and smooth working so they coordinate with each other.So there seems no logical explanation of eradicating the altcoin market which constitute billions of dollar by bitcoin.But who knows what happen next as future is always is uncertain. As market of altcoin is already red bitcoin take them to the earth and if the same scenario continues altcoins will be wiped out, now as bitcoin has high fame and a lot of investor there is no chance that people will go for any other coin because bitcoin profit rates are very high and altcoin are already suffering due to high rates of btc and if unfortunately price of btc come down then there will be a chance for rise of alts. |
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Fulmand
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November 22, 2017, 12:21:09 PM |
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Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
Although the market of other altcoins is dumping without any pump in btc prices but if we take a closer look we will find that after a while they became stable and the point of vanishing the altcoins or other cryptocurrency by bitcoin seems not possible as they have their own value and everyone cannot trade in bitcoin because of its price comparitavely and at the same time bitcoin needs other coins for transaction and smooth working so they coordinate with each other.So there seems no logical explanation of eradicating the altcoin market which constitute billions of dollar by bitcoin.But who knows what happen next as future is always is uncertain. As market of altcoin is already red bitcoin take them to the earth and if the same scenario continues altcoins will be wiped out, now as bitcoin has high fame and a lot of investor there is no chance that people will go for any other coin because bitcoin profit rates are very high and altcoin are already suffering due to high rates of btc and if unfortunately price of btc come down then there will be a chance for rise of alts. I think no bitcoin can not kill maximum altcoins in a marketcap, my point of view is altcoins represent the token that was made in different country because they are preparing for fiat money to replace with digital currency. So most probably it takes time to settle it but thats my point of view that soon to be a digital currency would be a second money or gonna be a digital currency that used it. |
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orka39
Member
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Activity: 168
Merit: 47
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November 22, 2017, 01:10:53 PM |
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Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
Recently bitcoin price is unpredictable by increasing its value. It can dump altcoin price very bad if convert to bitcoin. But if convert to fiat like $ is not so much different. So bitcoin will not kill altcoin market. |
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justdimin
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November 23, 2017, 01:28:04 PM |
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Bitcoin is still king of crypto and almost all of altcoin's price depend upon bitcoin's price so they will also fluctuate everytime when bitcoin moves a bit. Situation for altcoin get even worst when bitcoin will pump hard in very short time, people will jump back into bitcoin by selling their alts for bitcoin which will just make altcoin price to dump harder during bitcoin pump.
But not every alts get affected heavily during such pump, only few of alt might survive in future.
That is one crazy trend that we will keep seeing as time goes on which has even made me to start thinking of just abandoning alts at any slight chance I get now and concentrating more on just bitcoin to USDT trading since it seems to me to be more of a profitable way right now than having to worry so much about the value of some altcoins being affected by the bull run of bitcoin. When we consider the core applications of cryptocurrencies then I doubt of most of the altcoins. If this is true then definitely bitcoin will kill maximum altcoins. |
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Qunenin
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November 23, 2017, 04:03:13 PM |
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Bitcoin never kills other alt coins.Bitcoin always lead role in cryptocurrency market. There are so many altcoins in the crypto market but each one have its own value and community.
If bitcoin kills all alts, its own value and existence will be at stake. Most people only buy bitcoin for trading with altcoin and if there is no altcoin then there will be no trading and i think many people will sell the bitcoins. So these is no chance of bitcoin killing the alts. |
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Dudeperfect
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November 23, 2017, 04:35:44 PM |
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Nope! Many altcoins will die because of natural the death and I don't see the role of Bitcoin in such incidents. Bitcoin has a large number of chances to survive in the market as compared to the newly launched alt-coins due to one or more reasons. It is the fact that Bitcoin has some advantages as compared to that of not only the traditional fiat system but also most of the alt-coins and we can not label it as the opportunity loss of alt-coins due to Bitcoin.
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aoihs00
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November 23, 2017, 04:51:06 PM |
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Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
I do not think that it can happen. Because it depend on the coin itself and how much supporter it has got. Now in any point there will be no case where the coin is not being supported by anyone and all of them ran away to get more bitcoins, this is not going to happen so as to things can't get worse with altcoin. Bitcoin is different thing or different part of investment and just because it is going very high doesn't mean people will leave or abandon the alt coins completely. There are so many ways coins can be invested and this will keep going on ever and ever over the time and thus no coin will get dumped to death if it is in the top 50-100 lists. Thats for sure. |
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dieselmeister
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November 23, 2017, 08:49:58 PM |
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Every coin has the own role in the cryptocurrency. Therefore, Bitcoin can't kill alt coins.
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Someone used my Account for 3 Month, why would someone do this?
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Kevin77
Legendary
Offline
Activity: 1652
Merit: 1057
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November 26, 2017, 07:13:12 PM |
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Altcoins are mainly a good trading option for daily profits. When the volume goes to BTC, altcoins are mainly dumped. I think Bitcoin won't kill altcoins, however BTC domination is only increasing.
For some sharp profits though and picking them up at dips, altcoin still is a very cool way to make profit. Asides that, the best way to hold altcoin most especially when it comes to trading is to never hold them for too long as bitcoin's bull trend is just something we will keep seeing for now and there is no way altcoins can easily have a chance to get boost as long as this keeps happening. |
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