Greatchu (OP)
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May 20, 2020, 07:33:44 AM |
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If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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carter34
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May 20, 2020, 08:26:42 AM |
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I don't know what you actually want to gain from that anyway but with experience so far, we have seen altcoins bull when bitcoin is also on the bull. So most concern are of the view that bitcoin run is also a time altcoins are rising.
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lobo13hf
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May 20, 2020, 08:43:28 AM |
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If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
You're true about that. The fact that the value gets centralized into the bitcoin and the story will be different if altcoins can stand with its legs without any intervention from the bitcoin but it looks like this thing will never happen unless altcoin can create a mechanism to secure its value from the intervention of bitcoin. |
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OasisDre
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May 20, 2020, 08:46:34 AM |
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It's just a wish and it's something that will never happen, till the end of time altcoins will always depend on Bitcoin, if BTC collapsed all other coins will go down
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shafi alam
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May 20, 2020, 09:14:27 AM |
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There are some coin like usdt isn’t rely on bitcoin. Its price and value is stable now.
If anything comes up better system then bitcoin it will over bitcoin throne.
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bakasabo
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May 20, 2020, 09:17:36 AM |
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It's just a wish and it's something that will never happen, till the end of time altcoins will always depend on Bitcoin, if BTC collapsed all other coins will go down
Why would they go down if some have their own blockchain, vision, product and etc ? Or tell us why when bitcoin price goes down, there are alts, which price goes up? Converting what you are saying in IRL products will be "if Nike collapses (goes bankrupt), Adidas, Puma, Reebok and other sport's brands will go down as well." But that nonsense. Of course there will be an impact on cryptocurrency market. But users who use bitcoin as an decentralized and crypted payment method will switch to Stellar, Ethereum, EOS and others. |
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JeotQ
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May 20, 2020, 09:20:32 AM |
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Crypto space is different, Bitcoin carries the best volume ever and it has the strongest community support, so if anything happens to Bitcoin many altcoins will suffer it and many can even die in the process, almost all altcoins lives on behalf of Bitcoin
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sangjoewara
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May 20, 2020, 09:26:59 AM |
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If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
It seems that you have started to make mistakes in understanding Bitcoin and Altcoin, so you have to find out first the basis of the development of Altcoin where and how it was built by the developer, okay, let's discuss this, because on this occasion I will also ask to you, before Altcoin, what coins were the first to be found or appeared in cryptocurrency? , please answer because I will wait for your answer until whenever. |
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rdewilde
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May 20, 2020, 10:00:07 AM |
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If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
You are quite right and from the look of things it will remain like that till anytime anyone can't imagine. The reason for this is, Bitcoin is totally decentralized unlike most which claims to, and also Bitcoin overtime has grown to be valuable hence having a huge community backup. Also, most people today trust Bitcoin more than other coins and so far this remains the case, hardly will any altcoin overtake Bitcoin. In the same way, in the case of altcoins, most can't even be trusted nor work with their roadmap to develop a platform valuable. Therefore, you are right but things will not change, Bitcoin will always remain on top. |
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Vitalicus
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May 20, 2020, 11:23:44 AM |
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If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
I think your opinion is correct. Altcoins will surpass Bitcoin in the market as it is possible, altcoins have outstanding advantages and potentials. But, Bitcoin has been proving its leading position in the market, which everyone needs to trade. In my opinion, it will take quite a while |
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lunnatic
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May 20, 2020, 11:36:10 AM |
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If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
yes you are right, but the current price of Altcoin still depends on the price of Bitcoin, look at the dominance of Bitcoin is still high, it indicates that the altcoin market is still weak |
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Vohoanghiep
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May 20, 2020, 12:04:51 PM |
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The fact that the value is focused on bitcoin and the story will be different if altcoins can stand up without any intervention from bitcoin but it seems that this will never happen unless altcoin can. We can only say that altcoins rely on the price of bitcoin if the altcoin is paired with bitcoin.
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jossiel
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May 20, 2020, 12:23:17 PM |
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It's like switching an altcoin to bitcoin's side and the scenario in which that altcoin was the first invented cryptocurrency that got the spotlight. You're right with that but we can't change the time or go back to the past and have an altcoin made by satoshi.
It's a very long story and debate about bitcoin and alts comparison and let's accept it that bitcoin is there to stay.
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DarkDays
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May 20, 2020, 12:37:38 PM |
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Most altcoins aren't pure cryptocurrencies like Bitcoin.
The vast majority of altcoins are actually what are known as utility tokens, which means they derive their value from their utility on some platform, exchange or website etc.
Bitcoin, on the other hand, is 100% used for transactions and is accepted by tens of thousands of merchants worldwide. Other similar coins like Bitcoin Cash, Litecoin, Zcash etc are also pure cryptocurrencies, but they're not anywhere near as accepted and are nowhere near as scarce.
These two factors, combined with the sheer number of users makes Bitcoin number 1. So far no altcoin has managed to compete with this.
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Ryushin
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May 20, 2020, 12:50:40 PM |
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I still believe it's possible for a new coin to beat bitcoin and take over the 1st place on coinmarketcap but it's sad that no single altcoin is better than Bitcoin, they have better upgrades and new features but many things are still missing
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$crypto$
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May 20, 2020, 01:08:18 PM |
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Yeah bitcoin is one of the pure cryptocurrency where lots of merchant users with millions of transactions means pure bitcoin for trading and investment, not relying on the platform or the products they offer.
I can't be sure that altcoin will rival bitcoin completely because most of altcoin is shitcoin, even though it has been an altcoin season but it is only for a moment and never returns.
And I think this is just a story in my view of this.
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Towerbreeze
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May 20, 2020, 01:15:19 PM |
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I've seen some good altcoins that later goes down and only make you start wondering what could have happened, anything under top 10 is not or will never be included in my portfolio and if any coin loses its rank I will dump for another
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coin-investor
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May 20, 2020, 01:17:44 PM |
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Altcoins are not yet adopted to the level of Bitcoin that is why all altcoins are still dependent on Bitcoin, maybe in the future, the scenario would be different, but right now the industry success lies on Bitcoin, and I don't see it changing in the next five years, this will still be the market trend.
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fuer44
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May 20, 2020, 01:18:50 PM |
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it could be, but in reality bitcoin is the first coin and the highest price right now with the highest market cap too. all will depend on other altcoin, if anyone is able to exceed the price and market cap of bitcoin, then bitcoin will not be number one.
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SacriFries11
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May 20, 2020, 01:26:31 PM |
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Altcoins are not yet adopted to the level of Bitcoin that is why all altcoins are still dependent on Bitcoin, maybe in the future, the scenario would be different, but right now the industry success lies on Bitcoin, and I don't see it changing in the next five years, this will still be the market trend.
Bitcoin remains unbeatable right now and no altcoin can dominate as bitcoin is but in some instances and future scenario you can consider that one altcoin will make a great impact in crypto world just like Bitcoin. People still preferred to buy Bitcoin rather than other crypto. Some millionaires have also back up by Bitcoin or even new to cryptocurrency because of its popular and trusted. |
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