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August 12, 2018, 03:50:42 PM |
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Hi,
Just looking for your thoughts on Altcoins, Will they ever break away from BTC?
I Found this..
"The simplest answer to the question of Bitcoin’s standing is, that “Bitcoin is king and queen, and the other coins are at best following it.”
It is hard to come up with a fundamental algorithm with which to price coins, so coin prices just follow Bitcoin as a sort of gold standard, “the Bitcoin Standard.”
It is the number one coin, and thus it is the coin that decides the market price in general.
Unfortunately, though, that answer suggests that all other coins are somewhat pointless as anything other than short-term investments"
WHAT DO YOU THINK?
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