Cryptocurrency Market [centralization]

[amzadabir]

Bitcoin depends on the market needs. Cryptocurrence is fully decentralized, secure, digital coin whose creation is controlled by cryptography. Cryptoconucleals are not issued by the central bank and their value does not depend on bank policies. Instead of regular currencies, new money can be introduced in order to provide money through Quantitative Social (QE), based on the supply and demand of cryptocrown prices. Bitcoin was created in 2009, the first cryptocurrence. Currently there are more than 800 alternative cryptocracans, which are known as Altcoins, such as Etheroom, Replal, and Lightkken.
Bitcoin and popular Altcoins are available in transactions view, free, 25 Exchange real-time data. Cryptocouboons are similar to some of the precious metals, in which their creation is controlled and like most precious metals, there is a hat on the amount of units that are in a limited amount of quantity. One of our most popular chats is Cryptokurunus Chatting where marketers communicate with real time where the cryptoconance market is underway.

[iqlimasyadiqa]

- On Friday, many virtual coins saw a violent sell-off with billions of dollars wiped off of the entire cryptocurrency market.[1]
- Experts have cited worries over tighter regulation and concern that a digital coin called tether could destabilize the cryptocurrency market.[2]

The last two days witnessed a harmonious movement of all currencies up and down "Almost all currencies have the same graph".
We have seen the same ups or downs for all currencies at the same time.

Do you think the market is going to be centralized? Or that Bitcoin has the greatest influence on this?
Do we really need all this number of currencies?

It is very difficult to make the market centered, we know there are several different markets in each place. It also becomes a uniform that can even have a positive impact, but as you can see today that it has more negative impacts. If viewed from the data and reality then Bitcoin has a very big influence on the development of digital currency, whatever happens to an altcoin market then definitely something happened to the market Bitcoin.

Bitcoin is the most popular digital currency and is now a digital currency that has been used in various countries as well as places. Even Bitcoin can be said to be the most prospective investment and the most extraordinary profit ever.

[Kronos21]

Traders have concerns. They will indeed find it difficult to legalize their earnings from speculative cryptocurrency transactions. But this is only part of the owners of cryptocurrencies. The rest of the users will store their coins and wait until they can be used to purchase goods without having to exchange for Fiat. I'm sure it'll be soon.

[BartS]

In fact most of the coins are indexed on BTC price, which means if BTC crashes, others alts will follow. So yeah, because of that, BTC incluences the whole market.

You can take as example Ethereum, which survived a bit longer on the crash, because ETH is more indexed in USD than others coin.

About USDT, I completely follow 1Referee, it's not more a problem now.
And I would say, who cares if USDT really own what they are supposed to have ? We all know banks haven't the whole USD they are supposed to have, so USDT would be a good replica  . People are afraid of USDT just only because the price drops, and not the opposite, that's because we always (as humans) need an understandable reason when something negative happens.

The influence of bitcoin is undeniable most alts do not move independently from bitcoin they move up and down following a similar pattern and this is not really that surprising if an asset is valued in dollars and its nature is nothing but speculative and the dollar goes down it is natural for the asset to move in the same direction of the dollar so what we are seeing is the same pattern and only the coins that have some active development and an active community are able to break the pattern.

[noictib]

- On Friday, many virtual coins saw a violent sell-off with billions of dollars wiped off of the entire cryptocurrency market.[1]
- Experts have cited worries over tighter regulation and concern that a digital coin called tether could destabilize the cryptocurrency market.[2]

The last two days witnessed a harmonious movement of all currencies up and down "Almost all currencies have the same graph".
We have seen the same ups or downs for all currencies at the same time.

Do you think the market is going to be centralized? Or that Bitcoin has the greatest influence on this?
Do we really need all this number of currencies?

Everything that all exists in This Field of the cryptocurrency is having Thier own advantage because there existence give impact over the another coin's market easily .
And if you are thinking that the market of the altcoins ( discussion about better better coins which are known by the most of the people in this field like etherium , dash , litecoin etc ) are going dump and pump with same cycle with single factor then surely you are wrong Because fluctuations depends upon many factors , mainly when the bitcoin's price getting high than the market of the altcoins getting and and vice versa .
And also with these small time analysis we can't say that Cryptourrency we going for the centralisation .

[Hell-raiser]

[snip]

To add; market caps are meaningless. You just need to dump the price down of a leading exchange, which in current thin market can be achieved with a fair number of coins, and the market cap tanks with tens of billions in value, and that just because of a few million value dump.

But if it's an outlier, the market will recover quickly and it won't be an issue. The more liquid a market is and the higher the trading volume, the better an indicator market cap is. And we've reached the point now where Bitcoin market cap is a good indicator.

I can't quite agree with this conclusion. There can be a really liquid market with active and agile orderbooks but if only a small amount of coins gets traded, no matter how fast, a market cap will be mostly a meaningless metric. It seems that trading volume itself is not a good indicator of how good an indicator a market cap can be. In this way, if we don't know how many bitcoins are being traded out of their total amount mined to date, we can't say if its market cap is a good indicator.

By definition, if there's a "really liquid market" as you put it, that presupposes a deep market. If it's a shallow market where only a small amount of coins get traded, by definition it is not a liquid market. You can disagree with the conclusion all you want, but you're contradicting your own point in doing so. You cannot have both a liquid market and a shallow trading depth. Those things are mutually exclusive by definition since one is an attribute of the other.

Yes, I agree that they are mutually exclusive, but you are apparently drawing a conclusion based on wrong premises, so the conclusion itself is also necessarily false. How so? Because you seem to forget about another variable, which can make a small amount of coins look bigger than an actually bigger amount of them. Here I refer to the velocity of money. Hypothetically, you can trade a sole bitcoin out of 21 million and get any trading volume because volume is determined by how often a certain amount of coins changes hands. There are at least two variables in the equation, while you are looking at only one of them. In other words, you can get a really huge trading volume on a completely shallow market. Now imagine how relevant is trading volume taken in isolation.