Bitcoin should NOT determine the market

[Bumblecoin]

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??

It is just right that bitcoin will dominte the market. I agree with you fellow, there must be a way that this current situation will be change for a betterment.

[Xester]

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??

Well what you are thinking is good but the reality will tell us that bitcoin is determined by the market and that bitcoin also determines the whole cryptocurrency market. Everything revolves around the market since bitcoin is not yet mainstreamed. If only bitcoin could be used in day to day basis and could be used in buying and paying all the stores in the neighborhood then we no longer need the trading market to determine the value of bitcoin.

[scrypt256]

Most of peoples know bitcoin they never heard about cryptocurrency because if someone try to buy cryptocurrency than they first buy bitcoin than other tokens. most of peoples is here who invested in bitcoin because they wanna make profit and they know its price is volatile so they can get good return. bitcoin is also popular because many exchanges are giving facility of BTC/USD trade.

[fank dirt]

bitcoin is in the blockchain system and will not controlled by humman. It is the first cryptocurrency. So it could be the foundation for other one

[pugi2]

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??

Actually if this can be happen then its good thing. Its good thing when each cryptocurrency has their own way to increase or decrease depending on their improvement or demand to those crypto in the market. This market is like centralized by bitcoin. But this is nature in the market where people think the same. Bitcoin impact to all market and we can not deny this.

[florianuhlemann]

that's why HOLD exists, so as not to think about what the senators are saying. if it was not interesting, would have banned the technology

[hometester]

the market allows you to look at the technology critically, because if it is not perfect, the market will react to it. it's like a thermometer, so I'm not against the fact that the price is determined by the market

[Dico88]

Bitcoin can affect the altcoin market. The cost of the coin that is best known is all dependent on bitcoin. We can talk about restoring the market after the price of cryptocurrencies has stabilized and started to grow in the long run in the future. 

[Vickyrichy]

Looking at this problem of bitcoin determining the price of the crypto market, bitcoin has the highest market cap and volume. To add to this, most altcoins are purchase with bitcoin, meaning if the price of bitcoin changes the price of altcoins will automatically change.

[frankbeard]

I don't feel like Bitcoin is the enemy of Alts however it helps them and gives them an audience and investors.  If there was never Bitcoin would there be Alts?  Bitcoin and Alts need to work together. 

[abhi777]

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??

Yeah i strongly agree with your opinion but as we all know that these crypto are altcoins only for bitcoin and thus its presence need a strong powerful system back up and that is bitcoin. These altcoins could really move strong and it is just that for now these altcoins could not compete bitcoin for again those coins are design as altcoins for bitcoin. Anyway let us leave this way because these altcoins should be regulated through a single coin and that is bitcoin.

yes I agree with you, but bitcoin is determined by the market price, if the market price goes down we can wait until the market price rises then we can sell it. bitcoin is intended for those who can run it.

[davhek]

When someone mentions cryptocurrency everyone thinks of Bitcoin and it will remain like that for at least some time. It is first and the most popular, and among many frauds lately people trust Bitcoin even more, therefore it WILL determine the market until one of the other coins accomplish something huge.

[maianh09]

The level of influence that Bitcoin places on the Cryptocurrency market are enormous. Whenever Bitcoin encounters the worst and goes down, it directly affects the market. You can see that Bitcoin is the deciding factor for the movement of the Cryptocurrency market.

[aggeyysido]

I think that Bitcoin should not manage the entire market, because monopoly will not benefit anyone. This is my opinion — monopoly, so bad.

[alexgreen2018]

Yes a single coin should not determine the fate of the market. Whenever bitcoin goes up market goes up and whenever bitcoin goes down it also goes down. But when a coin like btc has 54% market dominance it is bound to affect all others.

[Ompyon]

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??

Actually if this can be happen then its good thing. Its good thing when each cryptocurrency has their own way to increase or decrease depending on their improvement or demand to those crypto in the market. This market is like centralized by bitcoin. But this is nature in the market where people think the same. Bitcoin impact to all market and we can not deny this.

yes, for this time many altcoins are emerging, and are competing to be the best, in improving market conditions, so that in the future market conditions are not too dependent on bitcoin prices, even though it is like an mission imposible, but hopefully In the future the market situation can be even better.

[PrissMCclen]

Well I agree with you in the other hand I disagree with you, btc is the most trusted coin even eth is not really reliable

[Teawhalee]

There is really no way to shortcut this. I am sure you would prefer to invest into bitcoin than buy a new token you are not sure of it's success. The dominance is inevitable. It was a standard for other altcoins so how won't it determine market. That's how it will be and it will continue as such.

[Daniel91]

Yes a single coin should not determine the fate of the market. Whenever bitcoin goes up market goes up and whenever bitcoin goes down it also goes down. But when a coin like btc has 54% market dominance it is bound to affect all others.

Everybody talks about bitcoin, in the media, everywhere and people first hear about bitcoin.
So, bitcoin became main entry point for many new users.
When they join bitcoin and learn more about crypto market, they start to invest in other markets.
I don't think that such situation will change soon.

[hakertajniak]

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??

But many peoples hold bitcoin, you can see the volume of bitcoin in coinmarketcap, bitcoin have most volume.
Many speculators can manipulate the altcoin price by buy or selling their btc to altcoin vice versa. From my opinion, btc price is more stable than altcoin.