Symproverse
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August 21, 2018, 05:51:29 PM |
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There is no direct relationship between bitcoin and other altcoins. Bitcoin is the mother of other altcoins but still there is chance some of the popular, well-known altcoins that may survive.
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Catesknee
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August 21, 2018, 05:53:39 PM |
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As there there is no relation direct relation between bitcoin and other altcoin, so I think if btc dies other altcoins will not die but it’ll just affect altcoins. But in my opinion not all altcoins, only some of them.
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Tylev
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August 21, 2018, 06:07:51 PM |
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
When bitcoin falls in price, all other types of crypto currency also go down in price, but this does not mean that if bitcoin disappears for some reason, altcoyins will also die. Altkoins repeat the price movements after bitcoin because bitcoin dominates the price over other types of crypto currency because it has a very high level of capitalization compared to other crypto currencies. If there is no bitcoin and the top coin on the capitalization will not differ too much from other coins in terms of capitalization, then I think that such price dominance will simply disappear and the crypto currency will develop freely in the price. In any case, she will not die.
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bartusv
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August 21, 2018, 10:56:43 PM |
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Altcoins are highly influenced by the price of BTC. If, hypothetically BTC crashes to zero the market would do the same. Of course it is not likely to happen.
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Ilmiyati
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August 21, 2018, 11:08:05 PM |
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Your observations are very inaccurate in my opinion, because for the occurrence of bitcoin will die, that is very unlikely because most of the layers around the world already use bitcoin because bitcoin makes it easier for them to make transactions
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chip1994
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August 21, 2018, 11:17:26 PM |
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IMO, if the BTC die, then the entire market will be severely affected by the exchange rate. This can be seen through the exchange rate at the moment. The current market is dominated by two cryptos that are BTC and ETH. Exchange rates of BTC and ETH dropping rapidly will result in the remaining cryptos going down in exchange rates.
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ralle14
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August 21, 2018, 11:59:36 PM Last edit: August 22, 2018, 12:11:58 AM by ralle14 |
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
If Bitcoin dies because of the price or market cap, alts will continue to be traded but their price won't look so good. The next crypto after Bitcoin (ETH for example) could take over and it might become the most used crypto if Bitcoin users switch to the next best alt. Most likely this won't happen but that's how I imagine the outcome would be if Bitcoin starts to lose value in the future. Bitcoin will not die, bitcoin is father/mother of crypto world.
We can say that it's value can vary with time but it's not gonna die.
Obviously it won't, OP was just asking what would happen next if these scenarios become a reality.
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Sylvial
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August 22, 2018, 12:08:35 AM |
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
First things first. You need to understand the fact that there's a technology backing bitcoin, the same applies to every other good altcoin project out there. The technologies have real life application, reason we call it use case. The death of bitcoin would imply the death of the blockchain tech, which is almost impossible
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Johnsonyu
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August 22, 2018, 12:35:13 AM |
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Bitcoin is taken to be the leading coin in cryptocurrency, that's, if any change occurs to bitcoin it will definitely happen to other coins. Bitcoin can never die, and if it dies other coins will also go into a state of extinction.
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xbossJ
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August 22, 2018, 01:05:59 AM |
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Bitcoin is the first word that comes to mind when you hear "BLOCKCHAIN" and its the reason why you have altcoins. The market has shown in the past that when there is any news about bitcoin (good or bad) it affect altcoins Positively or negatively. It shows that bitcoin decides what happens to alts. If you look at coinmarketcap for instance; bitcoins dominance is about 50%, Alts share the rest. That's how powerful and popular bitcoin is. Investors trust bitcoin more. So the death of bitcoin will be the death of altcoins.
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Btcalimie
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August 22, 2018, 01:15:34 AM |
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
In my opinion if bitcoin will die then not just altcoins will be affected but the cryptocurrency itself as well. Cryptocurrency will loss large amount if ever bitcoin will die and might even decline if it will happen.
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nguyenlouis84
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August 22, 2018, 01:29:49 AM |
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If bitcoin dies, other coin will also die. However, bitcoin forever never die
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aeternus
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August 22, 2018, 02:02:32 AM |
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
If bitcoin died then I think that most of the market is going to die with it and depending on the reason of the death of bitcoin it is entirely possible that all the market dies with it as well, however there is nothing to worry about since bitcoin is not going to die, there are many people that are always looking at the code to see if they find a critical bug and nothing has appeared.
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KS03
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August 22, 2018, 02:10:10 AM |
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I would assume this entire industry would be shaken up. The power void would be filled most likely by a government coin. I'm sure they would be chomping at the bit if Bitcoin were to stumble.
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Menawi12
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August 22, 2018, 02:43:24 AM |
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Bitcoin is benchmark in cryptocurrency market and if bitcoin die it will affecing on cryptocurrency market. Most coin price depending on bitcoin price but i am believe if cryptocurrency market growing bigger, it will not depending on bitcoin anymore
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jillscarbrough
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August 22, 2018, 03:08:26 AM |
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...
If bitcoin died then I think that most of the market is going to die with it and depending on the reason of the death of bitcoin it is entirely possible that all the market dies with it as well, however there is nothing to worry about since bitcoin is not going to die, there are many people that are always looking at the code to see if they find a critical bug and nothing has appeared. Even without bugs existed or whatever technical issue, if Bitcoin Users (miners, traders, regular users - Community) isn't used Bitcoin anymore, bitcoin will die. And yes, There is no direct relationship between bitcoin and other altcoins (as above said)
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jefcasidy
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August 22, 2018, 03:10:39 AM |
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
It's not thinkable for bitcoin to die, bitcoin and crypto currency have come to stay and they are not going any where, so start thinking in the forward direction, bitcoin might go down in price, but it's not going to die.
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elosi
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August 22, 2018, 03:30:59 AM |
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If bitcoin dies, then another one will rise, one thing i like about technology is that it goes through phase by phase, when this one is phasing out another one is coming onboard
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Alpha0One1
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August 22, 2018, 03:37:17 AM |
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In my own observation on these past few months,if the bitcoin price in the market goes down,all other coins are also down. Other coins will remain,if bitcoin's totally died?
Any opinion please!...
Bitcoin basically dominates the value of cryptocurrencies since it's 50%+ dominant at the moment. If we can reduce it's dominance, then we won't be so dependent on it.
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cryptosuotor
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August 22, 2018, 03:43:31 AM |
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Well to me i don't think bitcoin will die or can die because if it does all other altcoin will go down low,bitcoin has been by us no matter what, so that is to say that it has come to stay and there is nothing like death in it at all.
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