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Author Topic: Will it help bitcoin if we shift funds to it ?  (Read 540 times)
Wysi (OP)
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October 26, 2019, 05:35:12 PM
 #61

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.
Remember with supply and demand concept and this thing all be happen to altcoin as well. Simple put, if the demand of bitcoin is increasing the its price will goes up also and it otherwise. So, with this scenario you will have answer to your concern.

Even, I just thinking that a lot of investor who has known about bitcoin they will be easily to move their money on it. Moreover for those who has experienced losing a lot of moeny when investing on altcoin then bitcoin is the last choice for them to play safe when investing in cryptocurrency. Just curious, have you try it?

Yes I did the same I have shifted my funds to bitcoin as I have cashed out from some new coins,  stable coins and reputed coins like Ripple,  stellar and Ethereum and shifted them all to bitcoin leave a small portion of new coins as a result my wallet consist of 90% bitcoin and remains 10% new coins and this has helped me to play safe.

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October 26, 2019, 06:41:36 PM
 #62

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

I don't think so it will help, mostly alts are in dead zone, people who invested in alts will not going to sell them in such bad market conditions.
Even though this will happen it will not going to help remarkable rise in price of bitcoin, the bitcoin price rise is determined through USD so the trade in USD to BTC will help more to increase the price instead of alts.
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October 26, 2019, 07:36:52 PM
 #63

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

Yeah, it will work only when the investment is high but by this act of selling altcoin for buying bitcoin will affect the altcoin market and altcoins dump start  Cheesy so the only thing which we can do now is waiting for the right time when bitcoin start pumping.
Ferris419
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October 26, 2019, 08:08:33 PM
 #64

Yes, if everyone sells their altcoins and invests in Bitcoin, then the Bitcoin price will be skyrocket! But I don't think many people will do it. Because most of the altcoin holders are in huge lose, altcoins are having a very bad time this year. For example, a few months ago, some people bought Ethereum at 330$ and now it's only 177$! Soz they won't sell it to buy 174$ worth Bitcoin!

Bitcoin is gonna hit 100K usd
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October 26, 2019, 11:09:39 PM
 #65

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

well , let's make a imagine.
if we do like what u say, move all of our funds to btc , of course it will make some sentiment on market, but on otherside,people will think to sell their btc, since a quick demand of bitcoin suddenly come. and for the last , i am not sure the price will raising.

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October 26, 2019, 11:41:29 PM
 #66

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.
It will surely help bitcoin to avoid suffering and struggling with the same problem of being completely vanished inside the crypto space for the more users, the more the market cap will do good and the adaption will be massive as bitcoin aims it to be. The user's behavior affects largely the market, they could either bring it down or pull it up so this will be a good idea, the morethe users the higher the pump could be and will make it hard to see the fall of bitcoin.
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October 26, 2019, 11:54:30 PM
 #67

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

First and foremost, who said Ethereum is struggling to survive on the market?  Considering the market volume of Ethereum and its market cap, it simply tells you that Ethereum can't be classified as struggling to survive. The price fluctuations are just the nature of the whole cryptocurrency ecosystem and its not a sign of struggle to survive.
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October 27, 2019, 06:49:51 AM
 #68

There are already huge money attached to bitcoin as compared to the cryptocurrencies. There are many factors that is believed to affect the pricing  of bitcoin on the market but basically is all about the demand and supply. Anytime there is high demand for bitcoin, the price definitely goes up. It is not surprising that the trading volume of bitcoin always dominate the market.

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Asmonist
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October 27, 2019, 09:14:29 AM
 #69

Most likely it will increase the demand if more people will shift funds to btc. In that case, the price will go up as the demand increases. It can help in a way but it will also depend on the volume of funds shifted and the number of people shifting their funds.

Wysi (OP)
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October 27, 2019, 10:26:51 AM
 #70

There are already huge money attached to bitcoin as compared to the cryptocurrencies. There are many factors that is believed to affect the pricing  of bitcoin on the market but basically is all about the demand and supply. Anytime there is high demand for bitcoin, the price definitely goes up. It is not surprising that the trading volume of bitcoin always dominate the market.

These are general terms and information about bitcoin which everyone is aware of,  but what I am trying to understand is that if we small and mid level investors shift our funds to bitcoin then will it pump the demand and help increasing bitcoin?

I am sure bitcoin will always dominate the market but it should not be like other altcoin dies and bitcoin dominates the market by attached to a low value.

XCANA
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October 27, 2019, 10:33:09 AM
 #71

That will definitely increase in the demand of Bitcoin and the downfall of the Altcoins. But this won't be possible because many investors still need to invest on some good and potential Altcoins for a long-term. Basically, if we make it to this point, we will still regret the impacts that it will have in altcoins generally.

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October 27, 2019, 11:34:38 AM
 #72

From what I know if we shift our funds to bitcoin in large amounts, it will actually have a bad impact on the altcoin market itself. I more agree that the new adoption, not a transfer of funds. During this time if the bitcoin market goes up, the altcoin market also goes up, that's because of the new adoption. We saw yesterday that adoption of the technology blockchain by China has influenced the new adoption of all cryptos.

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October 27, 2019, 08:46:42 PM
 #73

Massive movements that move suddenly will only occur in a short time because the pump will be saturated and then the market will move massively to altcoin to find a higher percentage. This also applies to the stock market in general. none of the interconnected entities can be quickly separated and weed out the others. what makes sense is a gradual increase in the pattern of adoption of real developments. This will encourage organic movement. So the condition of just moving it will not have serious effects.

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October 29, 2019, 05:09:57 PM
 #74

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

It is an interesting idea but this market is really different man. Cheesy If most people try this method, the result may not be as we expected too. Maybe there would be a backlash and Bitcoin would even start to go the opposite way.

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October 29, 2019, 05:25:48 PM
 #75

~snip~
will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin
~snip~
Well then get ready for altcoin blood bath and bitcoin to the moon :-P
I think no one has this idea how the market will react.
Sure there would be an alt-coin blood bath,
And OP is just thinking about making a single crypto to continue and to increase it's price.
If you only believe in BTC then this would be your decision but most of us also wants the alt-coin to survive ,
So this kind of theory wouldn't really happen even in an alt-coin blood bath there are some who would risk to buy them in order to gain profit once they come back.

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November 01, 2019, 05:55:41 AM
 #76

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.
It is just like saying altcoins should stop existing because shifting our attention to bitcoin would mean that altcoins will no longer have any money being added to their market cap, so there will be less demand for altcoins, thereby jeopardizing their existence and also will never make any investment that we have built in bitcoin to yield any positive growth.

The great thing about your suggestion also is that the price will always pump since people will always make demand for it, so even if we see some dumping, it would not stay long like some dump use to stay long before the market corrects back to its previous value before the dump which will create confidence in people nit to always panic anytime that they get one.
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November 01, 2019, 09:26:46 AM
 #77

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

I think we can if all of us do it I mean if we have a huge fund with all bitcoin user do it because the supply was reduce. It was also depend on the demand of the bitcoin because if there are a least demand then it will dump and dump because there are no good demand goes.
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November 01, 2019, 12:33:02 PM
 #78

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

Great idea. But the chances in this are just 0% and 100% no more back up though. Let us say that bitcoin demand increases considering what you offered it will be all fun and games until the price the drops. I don't think there will be no other way than cashing out your money till it gets worse 'cause there are no other options existing anymore, no alts means you taking away your 50% chance of opportunity.

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November 01, 2019, 12:40:27 PM
 #79

From what I know if we shift our funds to bitcoin in large amounts, it will actually have a bad impact on the altcoin market itself. I more agree that the new adoption, not a transfer of funds. During this time if the bitcoin market goes up, the altcoin market also goes up, that's because of the new adoption. We saw yesterday that adoption of the technology blockchain by China has influenced the new adoption of all cryptos.
We can shift our funds to it, there is no bad by doing it I think, the thing not all the people will shift their funds in bitcoin so do not worry to altcoin market it will not fall, there will always be  traders that will stick to altcoin no matter what, and also those startup trader will choose altcoins rather than bitcoin.
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November 01, 2019, 12:46:05 PM
 #80

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

It will probably launch Bitcoin briefly, but if the price is really being manipulated by the whales, they will knock it down soon enough. However, such a thing would likely annihilate the altcoin market, and damage a lot of people along the way. I don't think it is a permanent solution for BTC price, and it might destroy the crypto industry.

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