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Author Topic: WIll bitcoin be the point of reference for other cryptocurrencies for ever?  (Read 215 times)
azhariusman1981
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June 30, 2018, 09:59:58 PM
 #21

I think bitcoin will remain a point of reference for other coins and always dominate the market, since bitcoin is the first coin coined and already popular in societies in various countries. Bitcoin is also widely used for the exchange of other coins in the cryptocurency market.
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June 30, 2018, 10:20:33 PM
 #22

I think bitcoin will remain a point of reference for other coins and always dominate the market, since bitcoin is the first coin coined and already popular in societies in various countries. Bitcoin is also widely used for the exchange of other coins in the cryptocurency market.

Yes.Knowing bitcoin is the mother of all cryptocurrencies,people still chose to trust it and even make it as the point of reference for other cryptos.And since the market of today has still no coins that are as good as bitcoin,then it will forever remain as the point of reference for other cryptos.

 
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July 01, 2018, 08:54:53 AM
 #23

Yes.. the futurist goal of many other cryptocurrencies on the market is to overtake bitcoin one day which is a positive target. Being the mother coin and the kind of pace or standard it has set, most other coin will always look up to them even when it is no more.   

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July 01, 2018, 11:42:51 AM
 #24

Probably yes, bitcoin is the baseline or reference of the other cryptocurrencies in the crypto market and it will always be. I had been observing the crypto market for quiet sometime through coinmarketcap exchange regarding the market movement and I usually notice that everytime btc is in red (downtrend),majority of the altcoins is also in red and vise versa. I believe that btc is correlated with the alternative coins and that is why it mostly happened in the market.
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July 01, 2018, 03:07:01 PM
 #25

Bitcoin is the most crucial crypto currency which price affect the price of other coins as well. Besides, it is the most popular crypto which can be used as refferance certainly.
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July 01, 2018, 03:31:23 PM
 #26

Altcoins tend to follow Bitcoin's trend, so it is fair to say that Bitcoin's value is a reference.
Besides the value, most altcoins also use Bitcoin's main implementation (Core) for their software.
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July 01, 2018, 03:41:06 PM
 #27

Knowing that Bitcoin is the first successful cryptocurrency to emerge in the crypto world it has undoubtedly taken the spot as the "root" of all digital currencies and will always serve as a reference to any other after it. But knowing the unpredictable world of crypto that notion remains to be seen.
As we see the USD ($) as a point of reference and determiner of value for most national currencies on the international market, will bitcoin as the mother of cryptocurrency be the determiner and reference point for the value of other crypocurrencies with time. I have witness that all newly coins aspire to get to where bitcoin has gotten to and even beyond and it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.
I agree to this. Bitcoin being the first cryptocurrency has made it the main point of reference, or values of other cryptocurrencies. However, I still see potential in other coins to be a point of reference in the future because of the vast advancement in technology. I believe that Ethereum may be one of the main players in becoming a point of reference, as it is now being used with other altcoins as well.

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July 01, 2018, 03:47:35 PM
 #28

Yes.. the futurist goal of many other cryptocurrencies on the market is to overtake bitcoin one day which is a positive target. Being the mother coin and the kind of pace or standard it has set, most other coin will always look up to them even when it is no more.   

Yes. I agree. Bitcoin value serves as the standard or baseline of all crypto because it has the biggest price in the cryptomarket. And if bitcoin value decreases, almost all crypto are affected to the downtrend. Mostly new coins turn into nearly zero value.
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July 01, 2018, 03:57:01 PM
 #29

As we see the USD ($) as a point of reference and determiner of value for most national currencies on the international market, will bitcoin as the mother of cryptocurrency be the determiner and reference point for the value of other crypocurrencies with time. I have witness that all newly coins aspire to get to where bitcoin has gotten to and even beyond and it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.

In my own perspective, its a yes. Bitcoin will become the point of reference for other cryptocurrency because as what you have said. Bitcoin is the mother of cryptocurrency therefore it is the first cryptocurrency that have been run and make transactions between the fiat and the digital currency. So its sure that bitcoin will be a good reference for the value of other cryptocurrency and as of now bitcoin has the highest value among the other cryptocurrency.

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July 01, 2018, 04:12:33 PM
 #30

It is and it will still be for at least some decades to come. It is possible that a different coin might rub shoulders with bitcoin over time but even with that, that particular coin will still make its reference based on bitcoin. 

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July 01, 2018, 04:18:55 PM
 #31

Probably, cryptocurrencies has made bitcoin the top and consider it the highest and for that reason altcoins still relied on bitcoin regarding the general cryptocurrencies. Eth has been the top 2 and been proving something but its still not even near the worldwide known bitcoin there is no specific identification in cryptocurrencies so it is better that way since it will gain more attention if they focus in only one.


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July 02, 2018, 06:09:33 PM
 #32

Yes, it will be the point of reference. As long as Bitcoin ranks first among all other cryptocurrency, it will be the measure of reference for other coins. Let's see what happens!
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July 02, 2018, 06:14:49 PM
 #33

I think it is still the reference point for many other virtual currencies in the future. No virtual currency can cross over it and become a reference point as you think. Bitcoin is king and it will rule the remaining virtual coins.

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July 02, 2018, 06:17:45 PM
 #34

Maybe and maybe not, no one can tell actually.

Without a doubt Bitcoin is the based of all the cryptocurrencies out there because it's the father of all cryptocurrency and with that it's respected no matter what. But the fact that there are a lot of inspired programmers and innovators that would really make a huge difference and kinds of cryptocurrency that may be the most suitable and efficient to use by the people then I think that's the time that this new specific coin will take over to Bitcoin.  Microsoft OS is not the first OS though but it's the most used OS as of now.
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July 02, 2018, 06:26:27 PM
 #35

In my opinion,of course it will be.Bitcoin is the first cryptocurrency that use blockchain to make revolutionary in payment system without third party interference.So as the mother of cryptucurrency,bitcoin will always be the point of reference to other crypto.
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July 02, 2018, 06:26:38 PM
 #36

Yes.Bitcoin is considered as mother of cryptocurrency.Rest of them are called altcoins. At first the price of bitcoin is started from 1$.Due to increased in supporters,the value of bitcoin crossed many new peaks.The value of dollars is remains the same now.But current value of 1 bitcoin is 6600$.So,bitcoin will be the point of reference for other cryptocurrencies for ever.

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July 02, 2018, 06:27:15 PM
 #37

As long as is the strongest and the most valuable cryptocurrency it will remain the point of reference.
And at the moment I don't see any other cryptocurrency that could take that position so for a long time the value of all other altcoins will be compared with Bitcoin.
No matter to some issues that has Bitcoin is still setting the standards for other cryptocurrencies and no matter how how some wish that Bitcoin will be removed from the throne this will not happen.

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July 02, 2018, 06:34:41 PM
 #38

it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.

The problem of many altcoins is that they are very centralized, so you have bitcoin that was created by someone anonymous, and decentralized and on the other hand you have very centralized altcoins and with their creators becoming very rich thanks to the community that follows the altcoin, What are the odds of altcoins to be best of bitcoin and becoming a reference point? The answer is 0% chance. I think you should already have an answer to that question.

Dmitry.Vastov
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July 03, 2018, 04:15:36 PM
 #39

As we see the USD ($) as a point of reference and determiner of value for most national currencies on the international market, will bitcoin as the mother of cryptocurrency be the determiner and reference point for the value of other crypocurrencies with time. I have witness that all newly coins aspire to get to where bitcoin has gotten to and even beyond and it baffles my mind that for sure will there be a potential coin to by pass bitcoin and serve as a reference point.
I think yes, this could happen in the future that bitcoin will become the point of reference for other crypto currencies like usd is the point of reference for other national currencies in the international market, bitcoin is always be the the leader of all the crypto currencies and moreover if we look at the valuation, the statistics, the growth graph of all the crypto currencies then we will find that bitcoin is the topper of all so yes bitcoin will be the point of reference for all other crypto currencies.
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July 03, 2018, 04:22:05 PM
 #40

Bitcoin cant stay as the base currency of the cryptocurrencies forever as nothing stays at the top forever. Also with coins like Ethereum gaining more market share more coins are getting paired with it too. Not to mention most of the bigger coins already having USDT(Tether) pairings on most of the exchanges.

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