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tyronecoinbit
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August 27, 2018, 12:13:54 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??
maybe btc is very influential on all and makes prices go up and down and is unstable better the btc value is strengthened and maintained to keep the value against other coins. Definitely, the most highest amount of adoption Is bitcoin if you just compare to all altcoins, so when people buying crypto, they will think first bitcoin then obviously they buy It first compared the rest. |
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No Gods or Kings. Only Bitcoin
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threegods
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August 27, 2018, 12:28:21 AM |
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Well sometimes i wish this does not happen because there are so many valuable coins or tokens ou there that has real time use of its token or platform which are better than btc
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princeyeboah
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August 27, 2018, 12:49:13 AM |
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Bitcoin is the first cryptocurrency and most successful one. It has the largest capitalization and has gained the trust of several investors. Hence, it serves as a pair with which other coins on the market are exchanged against. Aside the USD, i don't know any other coin which can work perfectly fine in pairing as Bitcoin.
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mrcash02
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August 27, 2018, 01:02:30 AM |
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Actually it's not Bitcoin that determines the market, but the investors... Bitcoin is just a "tool". It's very normal investors are using Bitcoin as the main currency among all others, as it's the most reputable, trusted and old one. And good that they are doing this, giving more strength to a currency we can trust. Everywhere it works this way, think about any brand niches and you will see the same situation.
If artificial methods are used to stop Bitcoin from determining the market, investors aren't determining the market anymore...
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BLAST2MARS
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August 27, 2018, 01:18:47 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??
I also want what you wanted. The market has no balance because all the power and influence are focused on bitcoin and that's bad on any market. There should be a competition like another 3-4 altcoins that has the same level with bitcoin. Maybe in the future, we could see ETh and Ripple doing that so we'll not worry about this anymore. |
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kiansantan
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September 06, 2018, 02:21:08 AM |
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Bitcoin should not determine the price of other cryptocurrency, all must operate alone, so that other crypto can be independent and market development is not only in the bitcoin monopoly.
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Omega Weapon
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September 06, 2018, 03:11:38 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??
You don't get to choose, it's not your call, this is the way this market works because almost all the other coins not named bitcoin are nothing but copies of the original, if those coins were all original then will have a market in which all the coins move independently from each other but since that is not the case then all the coins move according to the movements of bitcoin. |
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Fmradio98
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September 06, 2018, 12:23:57 PM |
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Just bitcoin costs can not decide the market since despite everything we have altcoin. what's more, if bitcoin alone can tick the market value that implies bitcoin is brought together by individual or gathering of individuals.
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Wittycoin
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September 06, 2018, 12:30:21 PM |
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Bitcoin is not the one which determines the market, people are the ones who are affecting the market. The thing is, the demand for bitcoin is high and most crypto users are investing on bitcoin. No body wants to miss the rocket of bitcoin.
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jannatakter
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September 06, 2018, 12:36:37 PM |
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Bitcoin is not determine the market.people are affecting the market.no body to miss the bitcoin.
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Christine Bettencourt
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September 07, 2018, 09:02:27 AM |
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In my opinion, this idea is entirely properly. Bitcoin is only a type of cryptocurrency. And, it did not make sure that it can exist for a long time later. Besides, the price of bitcoin is making the crypto market chaotic motion up and down expressly. It is not safe for some investors who don't have lots of capital. IN short, I think BItcoin needs more time to declare its position.
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PrissMCclen
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The Decentralized TCP/IP Internet Protocol
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September 07, 2018, 09:20:05 AM |
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Brilliant point, it keeps running through my mind, bitcoin shouldn't determine the future of the whole market
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Tachyon Protocol > The New Internet in Your Hands
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anderson705
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September 07, 2018, 09:30:16 AM |
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Brilliant point, it keeps running through my mind, bitcoin shouldn't determine the future of the whole market
Should not be, but as of now, bitcoin has great influence among altcoins. When bitcoin dump. majority of altoins knelt down. We have diversify the reach in cryptocurrncy and we should not limit to bitcoin as possible but we are still far from it. Maybe we need one decade or more to reach that situation. |
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buy_crypt_sell
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September 07, 2018, 08:06:45 PM |
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Of course not. This is not economically feasible. Must be a reserve of cryptocurrency. These are the laws of the market and they have not been canceled.
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112_blockchain
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September 11, 2018, 07:31:42 PM |
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I absolutely agree with this statement, because on the cry of the market there should be healthy competition and there should not be a monopoly of any cryptocurrency.
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Pemburu dollar
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September 11, 2018, 07:38:22 PM |
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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
I think Just because bitcoin has the highest adoption rate compared to all other coins / tokens combined. Will this change in the future? Maybe. Probably not. Maybe if we get a good and safe stablecoin. This will continue to happen unless bitcoin loses dominance. When people buy crypto, what do they usually buy first? Bitcoin. |
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AlexAtom
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YOUC - www.youengine.io
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September 12, 2018, 01:44:51 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??
It was never a good thing if the entire cryptocurrency price only depends on the btc price. The other altcoins need to become independent from bitcoin because it has a different purpose and features. |
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ntodntodan69
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September 12, 2018, 02:00:50 AM |
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For now, bitcoin is one of the fattors that determines the market, if bitcoin goes down then all markets will go down, but if bitcoin goes up, the market will go up, maybe in my opinion!
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bce
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September 12, 2018, 02:56:07 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??
for now, bitcoin has not been able to determine the market because we know bitcoin and crypto currencies have not been fully inaugurated and recognized by all countries in the world so that to penetrate the market still requires a long process and of course |
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CoinsGazer
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September 12, 2018, 03:29:07 AM |
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I’m 100% agree with you!
Bitcoin is the king of the cryptocurrency market, Its every move will affect the fluctuation of the entire market, just like a Like an autocratic monarch with dictatorial power. This means that once Bitcoin collapses, the entire cryptocurrency market will be game over. So, It is necessary to decentralize the influence of Bitcoin on the market.
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