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Author Topic: How does the supremacy of bitcoin affect altcoins?  (Read 1333 times)
btc78
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June 30, 2018, 09:13:50 AM
 #41

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
Being the first and pioneer coin in cryptocurrency i guess its normal that bitcoin will hold the legacy maker and the highest worthy coins in all of this,the value is depend on how many are using this coin because its a law of supply and demand,why should i buy other coins that i wont be needing in future.while bitcoin is the currency for the future,as simple as that dude

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June 30, 2018, 10:15:57 AM
 #42

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
Being the first and pioneer coin in cryptocurrency i guess its normal that bitcoin will hold the legacy maker and the highest worthy coins in all of this,the value is depend on how many are using this coin because its a law of supply and demand,why should i buy other coins that i wont be needing in future.while bitcoin is the currency for the future,as simple as that dude

being first obviously helps but it is not enough. you can only stay ahead if you are good. bitcoin is good and that is why it is staying way ahead of the rest. and also since the rest are mostly shit, they don't have a tiniest chance in this race.

imagine a fat man entering a running tournament. even if he starts with a 10 minute jump start compared to others, he still doesn't have a chance. he won't even be able to finish the race. but if it is an athlete with that 10 minute start then he will not only win the race but also will put a huge distance between him and the rest of the competitors.
in bitcoin the competitors are all that fat man and they all have broken legs Cheesy

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June 30, 2018, 11:44:27 AM
 #43

My opinion to this thread is that bitcoin is the first ever crypto currency and being the original crypto currency that takes the lead in the crypto market. Any market movement of bitcoin does have an impact to the alternative coins and this is the usual scenario of the market trend. I would say that btc and altcoins are basically correlated with other or directly proportional with each other.
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June 30, 2018, 02:09:47 PM
 #44

I believe that since Bitcoin and entire crypto industry is still in the basic phase of development, we have a long way to go who expect sustainability in the market. As of now, these currencies are interrelated in terms of volatility that means if the price of Bitcoin falls people tends to adjust their entire portfolio resulting in a volatility in altcoins too. This is my observation of the entire crypto market so far.

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July 02, 2018, 06:21:39 AM
 #45


Bitcoin affects a lot of coin market, bitcoin prices and rising demand. In this situation, other currency prices fall due to low demand.
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July 02, 2018, 06:59:03 AM
 #46

As leader on cryptocurrency market, bitcoin give confident for investor. If bitcoin price always rising and give good return, investor must be believe on altcoin can give big profits too

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July 02, 2018, 10:37:57 PM
 #47

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
I am also confused like you. Why? Everytime bitcoin drop its value all altcoins follows. Maybe bitcoin is the barometer of the prices of altcoins.

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July 03, 2018, 08:42:33 PM
 #48

Bitcoin has a great affect on Bitcoin. It is responsible for lifting Altcoins, suppressing or depressing them. This is mainly because most of the Altcoins are traded for Bitcoin, meaning that you can sell and buy the Altcoins in terms of Bitcoin. Therefore the value of Altcoins tends to follow the prices of Bitcoin. This is in fact the main reason that Bitcoin affects the prices of Altcoins.

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August 21, 2018, 12:19:54 PM
 #49

preface:
I think ALL altcoins are basically worthless.
The point where they differentiate from Bitcoin (protocol choices/hashing algorithm etc..) is actually an inferior one, having been discarded by bitcoin due to security risk/protocol efficiency/ecosystem robustness.
Bitcoin is a huge bet but while I don’ know if in 10 years bitcoin would be worth 1 million or zero (or course I have an idea), I am absolutely sure that in 10 years every present shitcoin (all of them, but bitcoin) will be worth ZERO.

Having said that.
Dominance is the bitcoin market capitalisation over the total market capitalisation of all cryptocurrencies.
When bitcoin was the sole cypto around market dominance was 100%.
You can see a graph of market dominance here:
https://coinmarketcap.com/charts/


In a bull market they tend to rise more than bitcoin: hence in a bull market the bitcoin dominance tends to lower.
Conversely in a bear market those coins tend to drop faster than bitcoin: the bitcoin dominance tends to rise.
Whay that? most altcoins can be traded only versus bitcoin: when market rises avi people tends to sell Bitcoin (larger market cap) to buy smaller cyptos that can be lifted more with less capital influx.
The everse happens ib a bear market where investors, actually scalpers, revert to bitcoin as a safe haven in crypto land, to protect their investment (they cannot sell for fiat in a single trade).

Hope it clarifies!
F1

i will quote that sentence in 10 years Cheesy
It will not happen, expecially if you talk about token too.

Anyway, just think at litecoin: imho is useless, but somehow it has a value for the past 5 years. And it will have a value for the next 10 years.


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August 21, 2018, 03:40:26 PM
 #50

It does definately make them follow Bitcoins price movements. For a lot of altcoins BTC is still the only trading pair on many exchanges. Until this won't change, Bitcoin will rule over altcoins.
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September 21, 2018, 02:41:57 PM
 #51

Bitcoin is the first cryptocurrency ever created, if the bitcoin destroy also altcoins destroy because the two connected to each other and altcoins inspired by bitcoin, and bitcoin is the biggest coin marketcap anf bitcoin can affect the overall price of the Altcoin.
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September 21, 2018, 06:52:17 PM
 #52

Bitcoin is the King of all cryptocurrencies hence it has altcoins such as ETH, LTC, DASH etc. as its followers\s but i get a litte confuse how bitcoin's supremacy tends to dictate the price rates of most altcoins.
Yes bitcoin has the supremacy over other altcoins as they have not gained the trust of investors.Also altcoins have not proved their potential but bitcoin has survived despite strong and continuousattacks by some governments.


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