Does crypto need to step out of Bitcoins shadow? Opinions please?

[ShadowBits]

Hi guys, just wondering about other peoples opinion on this.

In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?

I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!

Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?

Yes, in order for them to step ahead of Bitcoin then they should try to get out of the shadows of Bitcoin and try to build another crypto but may have a good standard for the future.

[Retty]

Good to hear the guys who've been here a while have chipped in here as i was curious to your opinions on this.

As another poster in this thread said - and i agree to a certain extent - is that if the price of altcoins fluctuate even more wildly than the price of BTC, then this will eventually sicken people who have invested in them. The altcoins respective team members can't fulfill their (possible) potential, and new investment in alts will suffer as a result and perhaps fail all together, which in turn affects the price of BTC (as you need BTC to buy alts). You could argue that BTC/alts both need each other to survive, sure- not all of them, Wankcoin, Trumpcoin et al are just a total joke really so a lot of these blatant scams need to disappear completely.

It's a real grey area, and not quite as cut and dried as some people think it is.  

[vv181]

The majority of cryptocurrencies on the scene is just a scam cloned and forked coin and having no real value and usage. Indeed there is some real project that has real value and usage but currently, BItcoin is the king of all cryptocurrency. All the ideas out there based on Bitcoin, So I can expect why all the markets are correlated.

[Lexi44]

very reasonable if BTC becomes kiblatnya kripto, because BTC is the first digital money in the world, and now has the highest price.

[Gogochen]

Bitcoin is truly valuable a token, while the rest of the tokens, looks little value, so most of the other altcoin concentrated in the hands of a few people, then this may appear manipulating prices,  the distribution of the bitcoin widely enough.

[pooya87]

this is the same argument that was repeated here multiple times and the problem is that every one of you have  the same false assumption that altcoins are good.

bitcoin is not ruling anything. it does not have a shadow on anything. bitcoin is not the king of anything.
bitcoin is just a good technology, a good currency, and the only decentralized currency out there.

the problem is that altcoins are so shit that they can not gain the adoption they require to be able to stand alone. they so far are only used purely for speculation and for profit making, nothing more.

[looterrific]

Yeah that would be a great thing for a crypto to do because all this time, all the cryptocurrency has been dependent on Bitcoin. If something bad happen relating to Bitcoin, all the cryptocurrency that is under it will be affected too which is bad for those projects that have potential to grow without Bitcoin.

[Dark_raven007]

All the same, an alternative is needed. The ship is big, powerful, but each has its own strength, but if it is overloaded, while it is far in the ocean, what to do. All that is needed is the one who is not attached to him.

[kangen riko]

What for? Is there something wrong with bitcoin? Many cryptoes give promise that they can exceed bitcoin but all that does not make sense, in fact most altcoin is just hype and this is what makes people afraid to invest in the world of crypto.
If people want crypto money for global prosperity they should focus on bitcoin development rather than fighting over each other to make altcoin to replace bitcoin.

[Tylev]

This is a good and very timely question. In my opinion, bitcoin will soon have to lose its dominant role among the crypto currency. This does not even concern bitcoin. Any dominant on the spot of bitcoin crypto currency with time and with the general development of the crypto currency will need to lose such dominance. This is simply inevitable. Bitcoin has already begun to lose its dominance and its percentage has already dropped to forty. No matter how further bitcoin did not behave - increased in price or lowered, it will inevitably include mechanisms that will lower its dominance among the crypto currency and bitcoin will less and less influence on it in the price plan.

[ballerin and giroud]

Actually this does not happen as you think, the price of cryptocurrency is not based on the bitcoin price movement. What makes this happen is that most people who have investments in altcoin automatically will have an investment in bitcoin. So when bad things come to cryptocurrency like negative media coverage they will be selling the bitcoin and altcoin they have. Their focus is not on bitcoin prices, but they will hang on to media that will make them sell bitcoin and altcoin.

[keycellko]

All the other altcoins will not have exist if not for bitcoin. We can never remove bitcoin out from these alts. If bitcoin goes down, most if not all the other alts will move along its course because if not eth, bitcoin is its trading pair. Most likely, if people see bad news automatically will withdraw all their investment whether it be bitcoin or altcoin.

[mrmanyaks]

they absolutely need not be so addicted, are these companies not managed by others, why is it so addictive sometimes it is ridiculous, it needs to be separated a little

[Snaic]

Hi guys, just wondering about other peoples opinion on this.

In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?

I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!

Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?

Yes, it is necessary to deviate from the price impact of bitcoin. Over time, this will inevitably happen. Now we do not actually have a crypto currency market, the price of a crypto currency depends on the price of bitcoin and this is wrong. However, as if he did not behave himself in the future, he is already in inevitable scissors: if he grows in value, if he reaches a certain high price value, he will simply depreciate due to the inevitable panic, and if he will stand in price or fall - then people will be disappointed in it and go away from using it. In both cases, bitcoin will lose its dominance.

[machineskill]

Various types of electronic money should be tied to teh btc price. Let's look at btc as glod and btc as a common landmark for all.
It is almost impossible to replace btc by other crypto because all other are just a copy of btc approximately.

[PeRo]

All cryptocurrencies will stay in Bitcoins shadow because they are just copying Bitcoin. Bitcoin is the innovator, and what did the others add? Nothing, there are some interesting coins but still nothing new, Bitcoin rules the market and it is the oldest and biggest coin. And it will stay that way.

[Kertmu]

Hi guys, just wondering about other peoples opinion on this.

In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?

I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!

Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?

Now Bitcoin acts as the USD in the global cryptocurrency market.
This is due to the highest level of investor confidence, which is evident from the dominance of the market - more than 40% of all crypto.

[ParadoxXx]

I think that even if bitcoin prevail in the future, there will be several good alternatives for payments and others purposes.

[Boldcom]

Hi guys, just wondering about other peoples opinion on this.

In order for the world of Crypto to grow and be mass-adopted, do you think crypto needs to step out of the shadow of Bitcoin or do you think its the other way round and that people should scoop up Bitcoin and let it always rule the roost?

I only say this as any sort of negativity that Bitcoin receives, shouldn't really affect some promising projects and cryptos that are essentially doing their own thing and making their own progress- only to be pegged back by Bitcoin losing value!

Yes i understand that all cryptos are tethered to the price of BTC, but will it/should it always be that way?

Bitcoin is part of cryptocurrency. But cryptocurrency continues to be under the bitcoin shadow as bitcooin started it all. Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. It was developed “A Peer-to-Peer Electronic Cash System“ which other cryptocurrencies followed.

[gaponya]

Unfortunately, I think that this will be so always a very small project, does not depend on the price of the top coins, and these proekki are incredibly successful, this market and prices always dictate those who are ahead!