Retainly_Collie
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June 08, 2020, 11:15:48 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?
Stablecoins do not depend on the price of bitcoin, but it is a stable currency. So it will never be able to surpass bitcoin in this market. And in addition all other altcoins are dependent on bitcoin because it is the leading cryptoccurency in this market and its price determines everything. |
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Finestream
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June 08, 2020, 11:18:30 AM |
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Of course, if altcoins does not rely on bitcoin, they have a chance to beat bitcoin on its spot, but that is not the reality, bitcoin always dominate the market and majority of altcoins or the entire altcoins heavily relies on the movement of bitcoin. Basic and simple explanation is this. https://coinmarketcap.com/ As you can see, bitcoin dominance is 64.7% in the entire market, hence 35.3% only belongs to the entire altcoin, if you know how to read that, you'll understand that there's no way altcoin would beat bitcoin. |
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Gorosden
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June 08, 2020, 11:20:10 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?
You are wrong and right, depends on your understanding, altcoins find it very hard to beat Bitcoin mainly because Bitcoin have the highest volume and liquidity, also it's the first crypto which gains stronger foundation that the rest |
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Naughty Princess
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June 08, 2020, 11:33:43 AM |
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Not all altcoins depends on bitcoin capability. But i think if there is a bull run lead by bitcoin, i think altcoins pulled to increase also.
I agree with that bitcoin can lead altcoin to increase. Bitcoin bull run can make some altcoin to increase the value at the same time. It is not that thing is dependent over the other, it is depend.on the value and volume of the coin along the market. |
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greenlanternlight01
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June 08, 2020, 12:10:07 PM |
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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?
At some point, you will always wonder about that. Very possible in the long run, but definitely not today, specially that bitcoin is still on top for years to come! |
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Tomohisa
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June 08, 2020, 12:21:43 PM |
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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?
At some point, you will always wonder about that. Very possible in the long run, but definitely not today, specially that bitcoin is still on top for years to come! I doubt in the long run where altcoin could dominance and dethrone bitcoin. If they aren't doing it right now, they wont in the future since that only consolidates and allows bitcoin to spread its root further. |
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mariaana
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June 08, 2020, 12:27:17 PM |
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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?
At some point, you will always wonder about that. Very possible in the long run, but definitely not today, specially that bitcoin is still on top for years to come! Exactly, people against altcoins do always forget how much time it took for bitcoin to climb that price. Meanwhile most of alts are showing better results already and growing tempo, but most of us are staying ignorant to this |
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southerngentuk
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June 08, 2020, 12:44:12 PM |
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Of course, if altcoins does not rely on bitcoin, they have a chance to beat bitcoin on its spot, but that is not the reality, bitcoin always dominate the market and majority of altcoins or the entire altcoins heavily relies on the movement of bitcoin. Basic and simple explanation is this. https://coinmarketcap.com/As you can see, bitcoin dominance is 64.7% in the entire market, hence 35.3% only belongs to the entire altcoin, if you know how to read that, you'll understand that there's no way altcoin would beat bitcoin. Exactly like that. We have over 5000 altcoins in this market, but they account for only 37% of the total market capitalization. So there is no chance for altcoins to beat bitcoin, now people tend to move altcoins to bitcoin, so in the near future bitcoin dominance will definitely continue to rise. |
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Desscount
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June 08, 2020, 02:05:10 PM |
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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?
there will be a time, but for now altcoin is still dependent on the price of Bitcoin, if bitcoin goes up then altcoin goes up, but if bitcoin goes down altcoin also goes down |
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Deeshawn
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June 08, 2020, 06:40:05 PM |
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You are very right, altcoins depends mainly on bitcoin, this is the main reason altcoins will never overthrone bitcoin anytime soon. But nobody know what the future holds for altcoins, but am sure if atall altcoins will later overthrone bitcoin, it won't be anytime soon.
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Twinkledoe
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June 08, 2020, 06:46:41 PM |
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Of course, if altcoins does not rely on bitcoin, they have a chance to beat bitcoin on its spot, but that is not the reality, bitcoin always dominate the market and majority of altcoins or the entire altcoins heavily relies on the movement of bitcoin. Basic and simple explanation is this. https://coinmarketcap.com/As you can see, bitcoin dominance is 64.7% in the entire market, hence 35.3% only belongs to the entire altcoin, if you know how to read that, you'll understand that there's no way altcoin would beat bitcoin. Exactly like that. We have over 5000 altcoins in this market, but they account for only 37% of the total market capitalization. So there is no chance for altcoins to beat bitcoin, now people tend to move altcoins to bitcoin, so in the near future bitcoin dominance will definitely continue to rise. That figure alone shows that btc is really dominant in the crypto market and will not change anytime soon. This is the reason why you will see that most alts are just following the price trend in the market. And in this regard, we all know that btc is still holding its position as the no. 1 crypto ever existed. |
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bigcash2011
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June 08, 2020, 07:18:53 PM |
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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?
No, i think every coin has its own uniquness and use cases, bitcoin is respected due to its premierness and being the first of its class so it cannot be compared with alts and it will always have that unique edge over all other coins also people like to hold btc more than any other coin most probably because over the years bitcoin has established itself as an asset class and a brand where people are attracted to invest. |
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studio1one
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June 08, 2020, 07:20:45 PM |
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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?
Well, in my opinion what you are saying is kind of true but dethroning bitcoin price-wise would be next to impossible but by market cap, it's quite possible. |
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NS-Soul
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June 08, 2020, 11:47:47 PM |
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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?
Well it was a no for me because many coin that is not relay on bitcoin but still not on the top they are just pair on usdt but not fly too much and besides the bitcoin is the first virtual currency if there is no bitcoin then there is no virtual currency nowadays and another is not all altcoin was depend on the price of the bitcoin sometimes when bitcoin up many of them goes up too and do rally. |
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omnik
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June 08, 2020, 11:49:17 PM |
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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?
there will be a time, but for now altcoin is still dependent on the price of Bitcoin, if bitcoin goes up then altcoin goes up, but if bitcoin goes down altcoin also goes down I think so consider the domination of bitcoin is still absolute for the altcoins. When there was a big dump that happened with bitcoin and that will be affecting the altcoin too. I think that people knew about this. They will always liquidate their coins for bitcoin and this is the point. |
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xiboothrezi
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June 08, 2020, 11:57:42 PM |
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Well it was a no for me because many coin that is not relay on bitcoin but still not on the top they are just pair on usdt but not fly too much and besides the bitcoin is the first virtual currency if there is no bitcoin then there is no virtual currency nowadays and another is not all altcoin was depend on the price of the bitcoin sometimes when bitcoin up many of them goes up too and do rally.
Bitcoin has dominated the crypto market for a long time, it's normal because bitcoin is the first in the crypto world. When talking about cryptocurrency, the general public must immediately think about bitcoin. Whereas we know that there are many altcoins on the market today. With this great power, often the price of bitcoin affects the market as a whole, sometimes when BTC is up, followed by alt, sometimes also vice versa. |
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Lagduf
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June 09, 2020, 01:14:41 AM |
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Not all altcoins depends on bitcoin capability. But i think if there is a bull run lead by bitcoin, i think altcoins pulled to increase also.
I agree with that bitcoin can lead altcoin to increase. Bitcoin bull run can make some altcoin to increase the value at the same time. It is not that thing is dependent over the other, it is depend.on the value and volume of the coin along the market. Altcoin is totally depended on the bitcoin. The correlation is really strong and when bitcoin market is really stable and then bitcoin whale will be moving to search for the liquidity on altcoin market. Altcoin can do nothing without bitcoin. |
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Kelvinid
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June 09, 2020, 02:36:25 AM |
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The chances are clear if you look into different market perspectives. But have something to find out that Bitcoin's market volume still dominating compared to ETH and the rest of the leading altcoins. If ever we turning back and start over again, still we can't be assured that everything will work the same as what we think now. What makes Bitcoin having a dominating power over crypto is because people are considering it as the most promising and potential high gaining investment in crypto. I know people have also holding Ethereum but most likely more people are holding Bitcoin than Ethereum. https://www.finder.com/bitcoin-statistics |
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patz22
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June 09, 2020, 04:20:54 AM |
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Let us say, altcoins won't depend on BTC in time, I still believe that bitcoin will be number 1 as it is the original and even though some altcoins outperformed BTC when it comes to use cases people will still remember BTC as the first and the reputation is still so high. However as time passed by maybe, just maybe, another one will come up and beat BTC.
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dragon695
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June 09, 2020, 04:21:06 AM |
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Well it was a no for me because many coin that is not relay on bitcoin but still not on the top they are just pair on usdt but not fly too much and besides the bitcoin is the first virtual currency if there is no bitcoin then there is no virtual currency nowadays and another is not all altcoin was depend on the price of the bitcoin sometimes when bitcoin up many of them goes up too and do rally.
Bitcoin has dominated the crypto market for a long time, it's normal because bitcoin is the first in the crypto world. When talking about cryptocurrency, the general public must immediately think about bitcoin. Whereas we know that there are many altcoins on the market today. With this great power, often the price of bitcoin affects the market as a whole, sometimes when BTC is up, followed by alt, sometimes also vice versa. Right! BTC is too powerful to be affected by other coins. In fact, BTC has a strong effect on all of the altcoins in the market. Traders usually based on the behavior of BTC to make a decision on altcoins. That's just the common thing in the cryptocurrency market. |
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