The effect of altcoin on bitcoin?

[Kelampok ijo]

Since the advent of bitcoin in 2009 led to cryptocurenccy experts competing to make another new coin like bitcoin, this is ALTCoin, where ALTCoin moves at the rate of bitcoin, most people use ALTCoin as the fastest way to collect bitcoin , because the rate or rate is often very promising against bitcoin, began the emergence of many ALTCoin make some coin is just a boom but also many investors and the various types.
What is the effect of increasing the amount of altcoin on bitcoin?

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[qiwoman2]

Well many big Bitcoiners buy and trade cryptos so that they can increase their Bitcoin bottom line. Some people want to be Bitcoin rich and some people want to be dollar rich. So you need to see what you want to do and then decide on how to play the cryptos to your advantage. For me I like both Bitcoin and Altcoins as they give us people much more freedom than what traditional financial markets do.

[Xester]

Since the advent of bitcoin in 2009 led to cryptocurenccy experts competing to make another new coin like bitcoin, this is ALTCoin, where ALTCoin moves at the rate of bitcoin, most people use ALTCoin as the fastest way to collect bitcoin , because the rate or rate is often very promising against bitcoin, began the emergence of many ALTCoin make some coin is just a boom but also many investors and the various types.
What is the effect of increasing the amount of altcoin on bitcoin?

In todays cryptocurrency world everything relies on the bitcoin market and you can observe that when bitcoins value fell down everything fell down and when its up every crypto market becomes green. But with regards to altcoin, the more people altcoins comes in to the coinmarket the more the price of bitcoin goes up since before you can buy any altcoins you will need to have bitcoins.

[rumexx]

Bitcoin remains the leader of all alcoin. Bitcoin is the measure for all altcoin because you compare alltcoin with their strength on bitcoin. Bitcoin influence the altcoins both in price and market movement. So altcoin can not influence the value of bitcoin because they all depend on Bitcoin.

[mustamin88]

According to me With the altcoin in the world cryptocurrency is very much role for bitcoin.Yang because of the influence of altcoin very much so great to bitcoin that can boost the price of bitcoin itself. Altcoin growth and development in recent times experienced a very significant increase and increase.This also affect the investors to compete to invest in projects on the altcoin.

[thevlox]

Now Bitcoin's reputation on the whole world is included. Bitcoin has become a big place for midea and bitcoin. bitcoin above all cryptocurrency. All other currencies depends on bitcoin. If the price of bitcoin increases, other currency increases and prices rise. Bitcoin prices fall and other currencies decrease.

[apelmerah]

Yes, it is true that there is now an enormous increase in the number of altcoins, and I think it is very good for bitcoin by purchasing altcoins through bitcoin in advance so they can affect the rise in bitcoin prices.

[sate_padang]

These moments are very sharp and plentiful, but also a lot of coins are scammed and that can ruin the good name of bitcoin, and I think there is an altcoin emerging very good today for bitcoin in the future with crypto exchange.

[cherryscarlett]

I think most altcoin is just a hype.
So I just believe in bitcoin, and I don't believe in the tokens of these scams.

[arifin eky]

sometimes bitcoin itself requires a support one of them is altcoin, where the coin is very volatile in its development, people do not hesitate to invest into altcoin karna fantastic.

[Golftech]

The amount of alts may help how investors and traders will gain bitcoin, its the best  way work with this industry, there's both negative and positive effects but it will be depend on how people take there chances, if you know how to play and enjoy the ride then this addition of many alts will be gaining more investors to join and take the risk, better to be more keen to learn.

[oioi]

the effect of many altcoins in bitcoin has little effect, since bitcoin is still the number
one coin in all altcoins, and vice versa applies to altcoin if bitcoin prices rise then altcoin
price increases must rise, bitcoin prices fall in other altcoin prices as well as bitcoin will definitely go down in price.

[pooya87]

2 effects in my opinion:
1. the reputation damage.
which means when all these useless altcoins and all these scam ICOs are being created and being advertised with bitcoin's name mentioned or sometimes being advertised during bitcoin conferences,.... they damage the entire crypto space and damage bitcoin a little too. the whole market sometimes looks like a scam thanks to all these shitcoins.

2. damage the price.
majority of these shitcoins are only traded against bitcoin. there is no fiat market for them. so when they are getting dumped hard people have to panic sell and these days their big dumps are always initiated with bitcoin price drop. this means these panic sellers have some shitcoin but want fiat, their only option is to dump the shitcoin for bitcoin then sell bitcoin too. that means bitcoin price can technically go lower than usual thanks to these shticoins.

[Gameroid]

Yes, it is true that there is now an enormous increase in the number of altcoins, and I think it is very good for bitcoin by purchasing altcoins through bitcoin in advance so they can affect the rise in bitcoin prices.

Yes that is very right to say, i also think that bitcoin has a very positive impact on bitcoin, the increase in number of  altcoin can also incrase the interest of the people in crytpo currencies, but still it is also a fact that bitcoin is the topmost currency of the world and will even remain as number one for a long long time. no other currency can compact with bitcoin.

[wilburwilbur]

In one way or another, bitcoin and altcoins are affecting each other's price
Remember that (most of the time) when you have to buy an alt coin, you have to buy bitcoin first
In that case the demand of bitcoin will increase as well as the alt coins that are purchased. Hmmm

[jayar_cabaltera17]

Hello pops what is altcoin sorry newbie here

[b3llsf1l3s]

Since the advent of bitcoin in 2009 led to cryptocurenccy experts competing to make another new coin like bitcoin, this is ALTCoin, where ALTCoin moves at the rate of bitcoin, most people use ALTCoin as the fastest way to collect bitcoin , because the rate or rate is often very promising against bitcoin, began the emergence of many ALTCoin make some coin is just a boom but also many investors and the various types.
What is the effect of increasing the amount of altcoin on bitcoin?

I think it does not impact too much with the growing amount of altcoin every day, because it is the altcoin that depends on market conditions bitcoin. unless the bitcoin price is stable.
because despite the current number of altcoins, not all projects are running as they expected

[rizqoAD]

Increasing the amount of altcoin can have a bad effect on bitcoin when there are now a lot of junk coins in circulation and indirectly damaging people's confidence in bitcoin, obviously it can also damage prices.

[batang_bitcoin]

@jayar_cabaltera17 it means alternative coin = altcoin.

What is the effect of increasing the amount of altcoin on bitcoin?

In exchanges you buy altcoin with bitcoin so it means that you have to use bitcoin as the main currency to purchase every altcoin and that makes the volume of bitcoin higher. But there can be some disadvantage of the quick increase number of altcoins.

[hv_]

If Bitcoin would be perfect in all thinkable use cases, there would not be much space for alts.

Most alts do their job as an open experimental workbench for Bitcoin itself. So I expect that in time these ideas will be either dropped because the use case is not sustainable or it will be merged into Bitcoin.

The pressure to do these is high since barrier free effects and scarcity , global network effects , KISS and more work as a fix point attractor for a single currency. (Example is Facebook)


Trading inter-crypto is a thing, but its a net zero sum game and tends to less money on most parties. It works only to attract these restricted / limited amount of ppl who seek for risk taking opportunity.