Naitik (OP)
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February 02, 2018, 07:58:00 PM |
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As regularly new crypto launched. Do you think that this the main purpose of crash in bitcoin.
If so how will Bitcoin lend to profits, Although it has no effect on bitcoin due to decentralization. But might be the reason for it's crash.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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ManaMan
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February 02, 2018, 09:40:18 PM |
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As regularly new crypto launched. Do you think that this the main purpose of crash in bitcoin.
If so how will Bitcoin lend to profits, Although it has no effect on bitcoin due to decentralization. But might be the reason for it's crash.
If you are talking about new coins lunching everyday I don't see how this have anything to do with the "crash" , because simply with volatility like we have now in crypto markets new coins are good way to take profit and lose money, they shouldn't have anything tied and strongly related to BTCs price. I mean you can have a look now, mostly other coins are going down when BTC is down. Maybe I misunderstood you here: "regularly new crypto" |
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aleksej996
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Do not trust the government
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February 02, 2018, 10:34:24 PM |
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No. Altcoins don't really affect Bitcoin's price, it is the other way around most of the time.
Altcoins have been popping up for a very long time, there is nothing special about it now.
Price drops usually occur in Bitcoin after a sudden increase of price. This is a simple correction of the price.
Don't buy Bitcoin if you are not planning to use it in future when it reaches high adoption. Don't buy it simply to make a profit, make it an incentive, not a reason.
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PlanetZebes
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February 03, 2018, 04:18:08 AM |
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I read like back in the day there used to be a website that you copy and pasted coins, and that many new coins were being launched everyday. So no, I do not think it affects Bitcoin since these are shit coins, and there have always been shit coins. It's not suddenly going to drop due to shit coins.
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HeroicZ1
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February 03, 2018, 04:21:00 AM |
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I definitely think it affects Bitcoin's popularity score since members of the community, no matter how small the number, move away from Bitcoin and into certain alts.
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junoreactor
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February 03, 2018, 12:56:49 PM |
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This is a competition. Well sometimes. Prime example is what happened in October last year, bitcoin price went from $8,000 to $5,500 (if I remember correctly), in the meantime bitcoin cash had a majestic run to go over $2,200 (irrational frenzy that lasted for a week). What happened was the likes of Roger Ver hyping bitcoin cash like there is no tomorrow.
But one thing needs to be said, if the block size of bitcoin had been well over 1 MB from the very beginning, there would be far less alt coins right now. Would love to know what Satoshi was thinking.
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stantpro
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February 03, 2018, 01:09:32 PM |
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Launch of cryptos has remained uninterrupted over the years yet bitcoin
never crashed. Untill now there is no crash of bitcoin.What happened was the
drop in price due to known factors from Chinese lunar year, Futures contract expiration
and tax demand from crypto traders in the western world.All these caused the forces
of demand and supply to come into play.Hence, the outcome so far.
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syedakhlaque
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January 04, 2022, 06:09:22 AM |
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There is a good Impact on bitcoin due to the launch of a number of cryptos. In fact, bitcoin is the father of altcoin, These all coins are the sub coin or children of bitcoin.The more children it has, the more it will benefit and much work will be done. These coins increase the popularity of bitcoin.
All these coins are due to Bitcoin and after bitcoin. You see that new coins are launching in the market now a day in the form of bounties. It means that the spread of cryptocurrency is increasing & people are joining this business very eagerly.
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Pokapoka124
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January 06, 2022, 12:04:34 PM |
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As regularly new crypto launched. Do you think that this the main purpose of crash in bitcoin.
If so how will Bitcoin lend to profits, Although it has no effect on bitcoin due to decentralization. But might be the reason for it's crash.
Launching of new coins do not affect the price of Bitcoin. On the contrary Bitcoin affect the price of alt coins. That is to say when Bitcoin price declines Altcoins follow the charts and decrease in price as well. Altcoin prices are relative to bitcoin. This is not surprising since altcoins are forked from Bitcoin. |
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Jazzi Mahesh
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March 28, 2022, 02:57:08 PM |
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Countries that welcome crypto networks reap economic benefits through innovation, investment, employment, and taxation. The business benefits of adopting cryptocurrencies as digital assets include access to new demographics and technological efficiencies in money management.
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bill gator
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March 28, 2022, 04:07:59 PM |
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Altcoins offer a lot of beneficial symbioses with Bitcoin and encourage it to develop in a way that will keep it competitive in the culture-market.
Altcoins drive people that might be otherwise uninterested in Bitcoin towards cryptocurrencies and even for Bitcoin that is arguably a win.
The amount of use-cases that are handled by Altcoins that are unable to be handled by bitcoin should be enough to conclude that their development will server as a benefit for Bitcoin's growth.
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