Argoo (OP)
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May 06, 2018, 07:37:52 AM |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
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Snaic
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May 06, 2018, 07:55:25 AM |
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Yes, this is still one of the biggest problems of the crypto currency and at the same time its biggest drawback. Now there are almost no free prices for altcoyins. Most of them depend on the price of bitcoin and this is very bad. I do not even know yet how to remove such price dependence on bitcoin. Perhaps over time the crypto-currency market will become more mature and this dependence will be less evident.
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gtx1060aa
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May 06, 2018, 08:00:24 AM |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
And you even wonder why the fall of prices bitcoin fell all the other coins? Because a number of large companies banned advertising ISO Then the ban on advertising crypto currency in social networks From here, there was a decline in all of the Crypto currency
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talkbitcoin
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May 06, 2018, 08:05:44 AM |
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there is bitcoin then there is this small adjoining market called altcoin market where people still use for their bitcoins (to increase their bitcoin wealth) this is why we only have one market and that is bitcoin. anything else is just a byproduct and will depend on the bitcoin's movements.
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jjacob
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May 06, 2018, 08:08:02 AM |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
This is not a feature unique to the cryptocurrency market. Even in the stock market, individual stocks have dependence on the overall growth/fall of the overall market. The extent to which individual stocks are correlated to the overall market is called beta. There are very few stocks which are totally independent, with zero beta.
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HeRetiK
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May 06, 2018, 08:12:32 AM |
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The traditional markets don't act much different though.
When a large economy such as the US or China fall into recession, other markets around the globe are affected as well. When a small economy falls into recession, their impact on the global players is usually negligible.
To make matter worse, while Bitcoin is already speculation, alts are for the most part speculation on top of speculation, making it hard for them to stand on their own. That is to say, the "peculiarities of the development" of individual alts are in most cases not relevant enough to cause any sustainable impact beyond the initial hype and trying to get rich quick. Put differently, most alts simply lack the trust, technical foundation and innovation for long term growth. While Bitcoin has gained a lot of trust during the years, many alts are still more of a gamble than anything else.
Btw, what do you mean by "pricing policy"?
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Tylev
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May 06, 2018, 08:13:56 AM |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
And you even wonder why the fall of prices bitcoin fell all the other coins? Because a number of large companies banned advertising ISO Then the ban on advertising crypto currency in social networks From here, there was a decline in all of the Crypto currency However, for example, a ban on advertising crypto currencies or holding an ICO in a particular country can affect the price of a token that is issued by some business structure for application in a certain narrow sphere of human activity? Why is this all synchronously falling after bitcoin? Obviously, the problem still exists. This is especially evident on insignificant increases and decreases in the rate of bitcoin. As soon as such upward or downward movement occurs, similar movements are made by the altcoyins.
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KoeKrungu
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May 06, 2018, 08:30:35 AM |
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If for altcoin / tokens from bitcoin, I do not have experience there yet. If for the ETH token I have a lot of experience, and based on my experience, the price of the tokens is not dependent on the ETH but rather live independently.
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Thanasis
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May 06, 2018, 08:40:17 AM |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
There is no relation between the bitcoin price and other crypto currencies prices but it is all about people trust on bitcoin have effects on the other crypto currencies too when the bitcoin price falls.But already each coin has its own pricing depends on the demand and supply so it is now in our hand to change our mindset towards the crypto currencies.
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MLBBPLG
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May 06, 2018, 08:48:50 AM |
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indeed I agree with what you say, if the market market depends on bitcoin prices. I have also been researching and looking at the history that happened about 4 months ago since bitcoin soared up down and down. For me the currency market for bitcoin most of the time is the individual market for its own profit.
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1020kingz
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May 06, 2018, 08:53:09 AM |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
All other coins are dependent on bitcoin itself, however the price movement of the alts depends on their own market demand but it looks like all other coins are depending on bitcoin because bitcoin has a market that you can buy alts using bitcoin and as well as ethereum has also a market. That is why there is a connection among all alts on bitcoin.
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carlisle1
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May 06, 2018, 08:59:25 AM |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
It depends on what do you mean by full pledged market?because market only relying on us,were the one why market flows and move depends on how we make transactions on it..so i dontee reason why market needs to pledge for us,while i think were the one who must pledge for the market
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Brianlee0112
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May 08, 2018, 05:40:52 AM |
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you are right buddy, bitcoin is very much influential we all agree that, this is the only reason when bitcoin changes its position, it affects the entire market. so if we don't want that we gave to engeage more and more people into the market so that other currencies will be able to get stronger. then we might see a well balanced market.
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May 08, 2018, 05:46:26 AM |
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in short it is because there is no demand for altcoins.
more accurate answer is that the demand for altcoins is purely from speculators aka traders who are only using altcoins inside exchanges and their goal is to make profit usually on bitcoin that they have invested in them. this means nobody cares about altcoins, nobody uses them or anything they just exist there to help bitcoin investors increase their investment in bitcoin. so when bitcoin price is moving everyone rushes back to bitcoin that matters to them.
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HeRetiK
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May 08, 2018, 09:21:35 AM |
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in short it is because there is no demand for altcoins.
[...]
I wouldn't go so far as to say that there's no demand for alt coins. But there's definitely no demand for almost 99.9% of them -- literally. In my opinion some of the alts would be able to stand on their own, but get swept away with the rest of the market whenever something bad -- or good -- happens. Alts with strong communities that may even include people that never touched BTC at all, beyond transferring between exchanges. They are the ones that sometimes manage to decouple from the rest of the market for longer durations than just the occasional pump and dump; If only for a limited time. For the most part I agree with your statement though -- the vast majority of alts are purely utilized as means to increase Bitcoin holdings (or fiat, for that matter). Even the stronger alts are for a large part used for what amounts to leveraged Bitcoin trading, hence the strong correlation between Bitcoin and alt price movement.
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hermanjones18
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May 08, 2018, 04:44:38 PM |
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Well Bitcoin is most popular and trusted Crypto among all. And a lot of people are working to develop Bitcoin. So, dependency is pretty logical. And then this dependency is very normal. In fiat currency, other currencies have dependency on Dollar or Euro. Dependency doesn’t matter much in market. I believe when more people will get into Crypto, everything will be just fine.
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johncruze
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May 08, 2018, 10:00:27 PM |
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I am fully agreed with you. Crypto market is not fully developed yet. It is very new technology in recent time. Even i think blockchain technology is a complex system. But time is developing everyday. So i believe that it will be full-fledged crypto market- may be not today but surely oneday.
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climaxcrypto
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May 08, 2018, 11:52:57 PM |
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Indeed, I agree with your statement. There are almost no free prices for altcoin which is one of the biggest barrier of crypto currency. Most of the crypto currencies are dependent on bitcoin and this is not good at all. Each coins or tokens must have their own pricing policies. Until this I don’t think we have any full-fledged crypto currency market.
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Ziaderi33
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May 08, 2018, 11:57:47 PM |
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We all know that most coins and tokens have a price dependence on bitcoin. We have seen how the whole market fell after the December drop in the bitcoin rate, while the market almost froze for four months. I believe that so far we do not have a full-fledged crypto currency market. It will be only when the price growth or fall of each coin or token will be determined by the peculiarities of the development of the individual project of this crypto currency, and not by the state of bitcoin at the given time. Each coin or token must have its own pricing policy. Until this happens, we can assume that we do not have a full-fledged crypto-currency market. And how do you feel about this?
in my opinion, prices go up and down is common in crypto, let alone altcoins is dependent on bitcoin, let's see, when bitcoin prices go down, altcoins will also fall, but, if investing in the long run we will be able to make big profits , for that do not hesitate to buy bitcoin or other altcoins
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daarul50
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May 11, 2018, 11:41:26 AM |
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I feel the same way that now all coins are still dependent on bitcoin price movements. If all coins have the principle of each movement then crypto market will be more excited for the investors. There needs to be a development from each of the crypto development teams to escape the bitcoin dependency so that the coins they manage can be coins that counters by investors other than bitcoin.
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