arteme
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June 07, 2018, 02:29:23 AM |
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I really really love crypto but I think it is not a good thing that the price of BTC determines what the entire market does. I feel like there should be something done that makes the crypto market more decentralized where the price of BTC doesn't swing the market up and down there should be some sort of better system put in place otherwise we are just creating a system that is just the same as the current fiat system we have where the most "trusted/valuable" asset determines the entire market.
Just some thoughts, what do yall think??
Yes, this is not good for crypto investors. It defeats the purpose of diversification as all coin prices are affected by bitcoin prices. |
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Leyss
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June 07, 2018, 02:37:22 AM |
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I have long said that we do not have a free crypto-currency market. The market is controlled by bitcoin and it determines when the remaining crypto-currencies grow in price, and when it goes down. It is not right. The cost of each coin or token should be determined only by the own ratio of supply and demand and nothing else. Maybe in the future, when the crypto-currency market becomes more mature, and other coins and tokens will be more widely used, it will be so.
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sunlitit654
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June 07, 2018, 05:29:26 PM |
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Based on your questions we can see the market chart list where as btc still in the 1st position because of its benefits also this facilities will be increase too also the number of investors are increasing in btc so the price is still same you can tell high and this will be the best crypto system in future.
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kadutz25
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June 07, 2018, 05:44:43 PM |
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I think bitcoin prices do not determine the market because there is still altcoin and if bitcoin can tick the market price means bitcoin is centralized driven by individual or group of people only and it will disrupt bitcoin users and I think decentralized bitcoin and bitcoin users will be more bitcoin community will grow and flourish in the community and for the role of bitcoin may affect the market price in my opinion is not  |
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elncrow
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June 10, 2018, 06:47:56 AM |
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Yes, you are partially right. But Bitcoin is one of the most influential coins in the market. It would take a lot of time for the other coins to be independant on their own and flourish in the market.
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Vart4varta
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June 10, 2018, 06:54:18 AM |
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Bitcoin significantly affects the market of altcoins. In fact, the cost of most known coins depends on the BTC. Therefore, we can talk about restoring the market only after the price of the first crypto currency has stabilized and will start to grow in the long term.
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johncruze
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June 13, 2018, 11:06:52 PM |
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Fully agreed with you. I also think in your way that btc price should be set by some sort of impactors, else there is no meaning of decentralization. And market will not be stable easily.
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Exchge
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June 13, 2018, 11:28:55 PM |
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I also have such thoughts. and if we now see that the key to the ups and downs of the market is bitcoin.
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Jin xiou
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June 13, 2018, 11:35:53 PM |
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some people believe that it is too late to buy bitcoin and further investment will not make sense. However, a more in-depth study of the issue shows that bitcoin is just starting to gain momentum. Bitcoin differs from classical currencies in that it was designed to grow in value, and not vice versa.
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bowals
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June 13, 2018, 11:36:35 PM |
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I really think so too.for crypto to really be decentralised, it needs to break from the shackles of bitcoin being at the centre
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laiya94
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June 13, 2018, 11:41:54 PM |
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Whether you and me like it or not, I don't think it is going to be changed in near future because when we need to buy or sell altcoins we nee BTC as intermediate.
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Gdra467
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June 13, 2018, 11:47:11 PM |
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Most pairings on most crypto exchanges have Any crypto to BTC pairing or Any crypto to ETH pairing. Bitcoin is the usd of the crypto market and change in price affect all other cryptos. Traders would just go back and reduce their bids when they realize BTC is going down in price. This should subsequently and directly affect any other crypto.
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Zaibraid
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June 13, 2018, 11:57:58 PM |
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Indeed, I also think that determines the market price is not just from bitcoin alone. The number of other crypto currencies and technologies that all crypto currencies also determine on the market. I can say so because with the technology of the crypto currency is the trust of the community woke up. Besides that, I would prefer if bitcoin and crypto currency are made centralized rather than decentralized. I mean that bitcoin and other crypto currencies can be regulated. Hopefully, someday bitcoin can turn into centralization.
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binghope
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June 14, 2018, 12:50:25 AM |
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It is possible that the bitcoin market will fluctuate over time in different regions, and there will be different ways of looking at and adjusting and different policies of the government and bitcoin investors are still not able to identify. is the market
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garymorgen
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June 14, 2018, 09:31:53 PM |
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Actually this situation occurs because bitcoin has the highest number of adoption compared to all other coins combined in the crypto world. This makes bitcoin a bit dominant. As the whole system is decentralized, this market price determination will continue to happen more or less.
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ambisyon
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June 14, 2018, 09:46:35 PM |
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Yes, I had to agree with the author since that is what really happened in the current scenario where btc is alwahs the baseline in every bear and bull market. I hope this will be somehow corrected since all the cryptos differ from the other.
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khaled0111
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June 14, 2018, 09:53:38 PM |
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People trust Bitcoin more than any other crypto, that's why their prices are affected by Bitcoin price.
It will remain like that until a strong coin appears and prooves its self.
Maybe Ethereum will change this situation and will lead the market.
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ofelia25
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June 14, 2018, 10:01:17 PM |
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Yes, I had to agree with the author since that is what really happened in the current scenario where btc is alwahs the baseline in every bear and bull market. I hope this will be somehow corrected since all the cryptos differ from the other.
Well, I don't know what to say with this, I also like your idea but how can we base with the amount right? Bitcoin is just like dollar so for me it is fine since it is the father of crypto. |
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bedulook
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June 14, 2018, 10:42:53 PM |
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All alternative currencies are paired with bitcoins on trading platforms. Whatever bitcoin does have a correlation with it's other pairs
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JamescrypTrader
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June 14, 2018, 10:53:00 PM |
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I really do agree with your statement. Bitcoin is dominating the market and it will continue till its high acceptance. Due to first ever crypto, it has that level of acceptance among mass people. And due to this situation, price of others depend on the price of bitcoin. But i think, implementing the new ways this system should be redefined.
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