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Author Topic: about the price of cryptocurrency  (Read 1372 times)
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August 24, 2018, 10:30:29 PM
 #41

It is applied in the supply and demand of bitcoin. If some buyers going to buy bitcoin the supply will decreased right and if the supply is not enough for all in the future for sure the value will increase immediately even though you just bought a little.
Correct. If capital is not enough to supply, there will be a high price increase. And this is an opportunity for those who grasp the opportunity.

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August 25, 2018, 11:41:08 AM
 #42

The fact is that most cryptocurrencies have a bubble effect, and the price of cryptocurrency is so high because it is used by people to trade and earn the difference (hype)
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August 25, 2018, 12:13:26 PM
 #43

The fact is that most cryptocurrencies have a bubble effect, and the price of cryptocurrency is so high because it is used by people to trade and earn the difference (hype)

a bubble is a thing that pops out and doesnt return or recover . one example is the dot com bubble and cryptocurrency is totally different from it because crypto is not a bubble that turns into a scam . so far crypto is still alive and kicking in verry unstable state .


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price of cryptocurrency is so high because it is used by people to trade and earn the difference (hype)

price of cryptos is not really high . most cryptos do only have a mid to low value while bitcoin is the one that has a high base value .  demand is the reason on why  bitcoin have a high value  , it is not also called a hype because a hype is verry close to manipulation .

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August 25, 2018, 12:22:32 PM
 #44

~ what is the alignment of a cryptocurrency currency that the price becomes very high

Simply most other coins are gonna be flowing along with Bitcoin but not at the way of them being the same level as Bitcoin. Not like you haven't noticed the dominance that Bitcoin yet, right? Very high price doesn't just simply mean that other coins in the market are gonna be expected to be in the image of being high. Go and define how does it feel to invest in a shitcoin.

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August 25, 2018, 12:30:52 PM
 #45

The fact is that most cryptocurrencies have a bubble effect, and the price of cryptocurrency is so high because it is used by people to trade and earn the difference (hype)
Okay, bubble again. How many times that the market has been called as a bubble, if it popped out it won't be back even at $1,000 but where are we right now?
Bitcoin is still shaking good at $6,000 ish so how can you call that as a bubble if many speculations are telling that its likely to come back from where people called it as a bubble? and we can see it with our naked eyes on how it became stable at $6,000.

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August 25, 2018, 08:02:23 PM
 #46

I seriously don't know where exactly you are driving at with your question.

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August 25, 2018, 10:58:32 PM
 #47

If possible modify your question. What exactly you wish to know as a new beginner. Make small sentences. Split your questions.

The first crypto coin launched / invented is Bitcoin. The value depends on the coins' demands and supplies. Other crypto coins' growth depends on bitcoin's growth. Crypto currencies nature is fluctuations in prices. Take note of it. Be patient if you are beginner to trade.

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August 25, 2018, 11:50:23 PM
 #48

I am newbie just know bitcoin and cryptocurrency 5 months ago whether other cryptocurrency besides bitcoin can compete with current bitcoin value or value and what only bitcoin can be the leader of this cryptocurrency and what is the alignment of a cryptocurrency currency that the price becomes very high

You know there are many digital coins in crypto market and they are not competing to each other. Its up to you what coin you want to invest. Price of every currency is base on the number of demands and supply in the market. Bitcoin is valuable because it has a lot of demand while limited in supply. That makes bitcoin value higher and keep on increasing even there is many dumps,it makes bitcoin stronger digital coins.

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August 26, 2018, 05:07:55 AM
 #49

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.














 

 

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August 26, 2018, 07:09:27 PM
 #50

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.
Correct, for bitcoin there is only one point of reference and that is bitcoin itself, no other coin is at the same place, even if there are some other good coins in the market, there is no coin that has the adoption, popularity or the appreciation of the community that bitcoin has and to be honest I do not think we are going to see another coin at the top of the market anytime soon.
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August 27, 2018, 12:18:30 PM
 #51

https://coinmarketcap.com/

You can see here a list of all cryptocurrencies with their price and market cap, just my 2 cents, you should look at the market cap and not at the price, as some coins may look cheaper but there have large amount of coins in existence.
Most of the crytocurrency community believes that bitcoin will rule the cryptomarket, but personally I think that if a coin will offer a more advanced technology then bitcoin I think that people won't stay behind.
 

Thanx for the link, I missed it somehow all this time!
I would also agree with you, that Bitcoin will not be the king of crypto forever. Technologies advance, specialists work on discovering new things and the time will come when Bitcoin will have to share his monarchy.

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August 28, 2018, 04:37:43 AM
 #52

I'm not sure of altcoins that will replace bitcoin as the first coin in the market. Until now, bitcoin has a large community, so it is so sure that it will make the price of bitcoin even higher. In contrast to altcoins, the amount to date has reached thousands and this shows that the altcoin will have a small community so that it will have a low price. All we know, the community really determines the change in the price of a coin.

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August 28, 2018, 05:06:06 AM
 #53

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.
Correct, for bitcoin there is only one point of reference and that is bitcoin itself, no other coin is at the same place, even if there are some other good coins in the market, there is no coin that has the adoption, popularity or the appreciation of the community that bitcoin has and to be honest I do not think we are going to see another coin at the top of the market anytime soon.
I always tell people, as long as bitcoin is the first, development is not going to halt, and support keeps growing with real life usage, then we will understand that altcoins have always been a distraction all along as a lot of them will end up taking the hit as the demand for bitcoin starts soaring pretty high. It would take all those things that I mentioned lacking in bitcoin to see any coin overtaking it.

Like sadlife mentioned, bitcoin is just its own competition, and every other alts are just trying to tag along. Moreover, the price of cryptocurrencies is just based on how much demand they are creating into this community and how many new people that they are attracting to invest with them. Hence, I am not seeing most other altcoins are not extending their applications up to real time scenarios, bitcoin may enjoy its dominance for hundreds of years also.


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August 28, 2018, 08:43:10 AM
 #54

This is not a question, but a real puzzle, first I need to understand your question correctly, and then try to answer this question correctly.

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August 28, 2018, 09:52:55 AM
 #55

We can not quantify the value of Cryptocurrency. It is important to consider the market context. Electronic money market is in a downward trend. Although this was a technical milestone, other factors limited the price of BTC at the time. Bitcoin's price also influences Crypto.

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August 28, 2018, 10:24:44 AM
 #56

currently bitcoin is the leader and we use it to provide comparative value to other altcoins because bitcoin is the one that starts the market. but it does not rule out the possibility that other altcoins can replace the position of bitcoin if it is superior in the market

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August 28, 2018, 10:58:43 AM
 #57

Electronic money market is in a downward trend.
Cryptocurrency can be called that way but there are existing electronic money that was established by the banks and their respective partners. And how can you call that crypto's are on a downward trend?

Guys don't just look to the market starting December 2017, it's a long way to go for the market for this correction but it has been up compared to the same month.

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August 28, 2018, 11:52:56 AM
 #58

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.
One of the main reasons why altcoins always experience a huge pump and dump at the end of it all. For one thing, only coins or tokens with real life product will be found doing well in the long run and not just some wannabe shitcoins.

As the market keeps growing and as bitcoin keeps evolving, a lot of attention will be focused on this market which would affect its dominance positively and then those with products like I said will have to start trying to make their own impact to survive the alt market and stand out.

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August 28, 2018, 02:36:07 PM
 #59

I am newbie just know bitcoin and cryptocurrency 5 months ago whether other cryptocurrency besides bitcoin can compete with current bitcoin value or value and what only bitcoin can be the leader of this cryptocurrency and what is the alignment of a cryptocurrency currency that the price becomes very high
Of course can and competes even .Just BTC it the first , that he is the most popular .But if you look technically, many altcoins are more pragmatic in application ,in 5 years bitcoin will lose its leadership .
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August 28, 2018, 02:38:58 PM
 #60

Bitcoin's competition is only itself because it needs to surpass it's current state even more because it still in the stage of development and acceptance despite countries started using it as payment for e-commerce and commerce or just regular payment. Altcoins will be treated as underlings as long as btc exist.
One of the main reasons why altcoins always experience a huge pump and dump at the end of it all. For one thing, only coins or tokens with real life product will be found doing well in the long run and not just some wannabe shitcoins.

As the market keeps growing and as bitcoin keeps evolving, a lot of attention will be focused on this market which would affect its dominance positively and then those with products like I said will have to start trying to make their own impact to survive the alt market and stand out.
Of course, because most altcoins have no applications . Probably 5-10 % only have a future .All the others are created to pump out more money on the HYIP . But there are also very promising projects in which you should definitely invest your money .
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