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MonaLeeTracy
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January 20, 2019, 08:42:42 PM |
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Many altcoin drops when bitcoin also drop. They are following the value movement of bitcoin but ofcourse bitcoin is less than stable that altcoins because that is bitcoins nature,volatility and not become stable to make people gain more profit.
indeed the current situation is like this, because negative things are happening to bitcoin. so it's natural that at this time bitcoin experienced a decline, because negative news was difficult to avoid. we better just fight for the future, and be sure that bitcoin will soon change at any time. so if you look at the price of bitcoin do not compare to altcoin, it is certainly different. |
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lornadane
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January 20, 2019, 08:58:33 PM |
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That was just a sudden pump for those altcoins! Bitcoin can't do well every time, sometime altcoins can overcome Bitcoin's stability if they have new and good news! Like those altcoins had some positive news in November that's why the price was increased! Exchange News, or main net or product launch news always helped altcoins to become high and stable!
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pant-79
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January 20, 2019, 09:43:47 PM |
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I think that in general, altcoins are more unstable than Bitcoin. Of course, if we rip out of context, we can get other results, but this will be a manipulation of results. Yes, and concluding that Bitcoin is less stable than altcoins on the grounds that, according to your calculations, 2 coins out of 10 showed a smaller failure in price for the chosen period of time, at least unfair.
For your output will require more extensive searches. For example, you can take exactly one year (for example, the whole 2018) and analyze all crypto currencies. Then compare how many percent they all lost in value for this year. And on the basis of this, it will be possible to conclude that bitcoin or altcoins are less stable. I think the result of this research will quickly convince you that you are wrong.
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anggi
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January 21, 2019, 04:55:52 AM |
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You can't really compare alternative cryptocurrencies to Bitcoin in any way. Bitcoin is many times bigger than all other cryptocurrencies so it is just natural that it becomes less stable. Imagine how unstable would those other cryptos would be if they reached Bitcoins height in price and amount of users.
yes, I agree with this statement. some altcoins do look quite stable over a period of time. maybe a small example is XRP. well, maybe a lot of other coins also have the same stability. but, after all, all crypto prices are always based on the stability of bitcoin prices. |
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ethereumhunter
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January 21, 2019, 11:19:00 AM |
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You can't really compare alternative cryptocurrencies to Bitcoin in any way. Bitcoin is many times bigger than all other cryptocurrencies so it is just natural that it becomes less stable. Imagine how unstable would those other cryptos would be if they reached Bitcoins height in price and amount of users.
yes, I agree with this statement. some altcoins do look quite stable over a period of time. maybe a small example is XRP. well, maybe a lot of other coins also have the same stability. but, after all, all crypto prices are always based on the stability of bitcoin prices. You can find with another low coin price like BCN, SC, and other old coins too. Bitcoin looks like on the stable right now, but altcoin was trying to give a movement and altcoin is searching a good moment to start the rally. I think bitcoin is less stable because there is more negative news about bitcoin and we don't know which is the truth and makes some people afraid to hold bitcoin for a longer time. |
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ETHICKNINE
Jr. Member
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Activity: 86
Merit: 1
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January 21, 2019, 03:09:56 PM |
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There is no altcoin that has the demand level like bitcoin and also when considering other factors like popularity, value, restrictions and regulations from out side world so that is why I too believe like many have mentioned in this thread it is not reasonable to compare some new introduced altcoin's with bitcoin but I agree that bitcoin itself is very volatile but it is a fact that can change in the future with proper expansion among businesses and users
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Sawadekub
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January 21, 2019, 04:52:15 PM |
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The truth is that altcoins are more unstable than bitcoins. Therefore, I think your conclusion is wrong. pooya87 have already indicated an error in your calculations, which only proves once again the incorrectness of your statement.
And the analysis itself should be done in a different way. In my opinion, you need to take a longer period of time, which will be evaluated. To draw conclusions only by one day is wrong.
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Snaic
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January 21, 2019, 05:08:54 PM |
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You can't really compare alternative cryptocurrencies to Bitcoin in any way. Bitcoin is many times bigger than all other cryptocurrencies so it is just natural that it becomes less stable. Imagine how unstable would those other cryptos would be if they reached Bitcoins height in price and amount of users.
Yes indeed. The higher the price of a coin, the greater its price volatility will be in numerical values. It is also one of the serious constraints due to which one can hardly expect very high price values of Bitcoin. The period of uncontrolled and rapid growth in the price of cryptocurrency is over. Investors and cryptocurrency holders saw the consequences of the rapid rise in cryptocurrency prices. The next time they will not miss the opportunity to sell at a profit, and therefore the price will fall. |
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mersal
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Activity: 1204
Merit: 38
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January 21, 2019, 05:26:32 PM |
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You can't really compare alternative cryptocurrencies to Bitcoin in any way. Bitcoin is many times bigger than all other cryptocurrencies so it is just natural that it becomes less stable. Imagine how unstable would those other cryptos would be if they reached Bitcoins height in price and amount of users.
Yes indeed. The higher the price of a coin, the greater its price volatility will be in numerical values. It is also one of the serious constraints due to which one can hardly expect very high price values of Bitcoin. The period of uncontrolled and rapid growth in the price of cryptocurrency is over. Investors and cryptocurrency holders saw the consequences of the rapid rise in cryptocurrency prices. The next time they will not miss the opportunity to sell at a profit, and therefore the price will fall. Why Bitcoin is not stable because of the new art kinds had some responds but the altcoins has huge response in it and people will not in stable mind this will be the reason for and stability in Bitcoin if people is stable than Bitcoin is also stable. |
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hridoyb
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January 21, 2019, 06:49:39 PM |
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So regardless of the reason of this last dip. I noticed 2 of the top 10 coins ( XRP and XLM) sort of survived the dip and performed well against BTC which usually is not the case comparing this dip to previews dips . take 11th oct 2018 for example.
in USD rate in the last 7 days :
BTC dropped : 13.48%
XRP dropped : 6.7 %
XLM dropped : 9.2%
also XRP surpassed ETH "not for the first time" but this time i think it will last.
I think that these 2 coins will remain more stable than bitcoin for a long time.
seems like centralization or semi-centralization in crypto is going to take over one way or the other. I hope not but we shall see soon.
tell me what you guys think?
Bitcoin is the mother of cryptocurrency so every coin depends on the bitcoin market. Yes, sometime BTC market down huge more than altcoin but it does not mean that all altcoin down same %. When btc down so huge altcoin must be down and i am sure that some altcoin maybe out on exchanger and there trade volume going to 0.000. We cannot think that only eth,waves,xrp is the only altcoin because there have lot of altcoin on crypto market. |
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Altero
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January 21, 2019, 09:11:09 PM |
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Everything in crypto are unstable and yet it is quite to see the market behave that way cause it really give us chance to make gains everyday. Since from the start, we've been like this and its getting more volatile when there is a huge market demand. It gonna be like this forever if there is no regulations imposed
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