Bitcoin proved it once again

[angrynerd88]

Exactly, larger part of altcoins is combined with bitcoin. Clearly, bitcoin is the collecting adhere of all crypto coins. Individuals truly do not get it that altcoin showcase is more unstable than bitcoin, and they think that they can make speedy and enormous cash in altcoin, Of course it's genuine, there happens pump & dump strategy in altcoin. But in the event that you're not those careful, chances are you're reaching to lose your cash exceptionally quick as well.

[Traderbtcc]

Times without numbers bitcoin has proved to be the best and also the king of all crypto currency, i do see alot people saying bitcoin price doesn't have an effect on the crypto market, but to me they are totally wrong cause whenever bitcoin dumps altcoins just follow and dump massively , it pumps they still dump , I believe every crypto trader normally check the price of bitcoin before buying any altcoin, bitcoin is undoubtedly the leader of the crypto market.

[manfredmann]

Bitcoin now has break the record of 2017 which only at 20K$ per btc compared to present market which recorded already at 23K$ and still counting. I am guessing that it could stretch for more like up to 25K$ and it still possible to go beyond that price. Well, that is the good thing in their wherein a lot of people had been interested in bitcoin lately and that is why it added to the bullish trend for bitcoin.

[btc-facebook]

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

The increase in bitcoin price does not always make the altcoin price go up, because the increase in altcoin price is also based on the dominant chart of bitcoin at that time. if the dominant bitcoin chart goes up, the altcoin price will go down and if the dominant bitcoin falls, the altcoin price will go up.

[wxa7115]

Bitcoin now has break the record of 2017 which only at 20K$ per btc compared to present market which recorded already at 23K$ and still counting. I am guessing that it could stretch for more like up to 25K$ and it still possible to go beyond that price. Well, that is the good thing in their wherein a lot of people had been interested in bitcoin lately and that is why it added to the bullish trend for bitcoin.

And just today that is exactly what has happened, bitcoin has surpassed the 25k level and with that price level out of the way bitcoin enthusiasts are already eyeing the 30k level, can we reach that level before the end of the year? It will be difficult but if there is an asset that can pull of that kind of growth is bitcoin.

What I wonder is what will be the limits of the current movement, some people argue this is similar to what we saw in 2017 but others argue this is just the beginning and in fact what we are seeing resembles what we saw at the end of 2016 and if they are right then the year of 2021 is going to be amazing for the market of cryptocurrencies.

[Altcoinsintel]

While I agree, I am still involved a lot with altcoins as when the altcoin season comes each one will be mad again at the high gains any altcoin will be making. Bitcoin is the king but there is a problem. It can't give you a hundred times your profits in a few months anymore. This was the early days. We need altcoins to at least have a small hope we can make it too. So whales shouldn't take this away from the rest of the community. Call it pump and dumps call it anything that the devs will make millions, we still have to holds a few altcoins for the possibility of a moonshot. Not everyone will make it but we can have this dream and be naive enough to hope for this.

[hatshepsut93]

I occasionally visit the Altcoin board here, and to some people no amount of proof will be enough to admit that Bitcoin is the king of crypto - the keep hoping for alt season and repeating their mantra how their favorite altcoin is better than Bitcoin and will soon replace it. My only hope is that beginners don't get caught in their false marketing - if you have friends who are still new to crypto, please warn them about the danger of investing in alts.

[wxa7115]

I occasionally visit the Altcoin board here, and to some people no amount of proof will be enough to admit that Bitcoin is the king of crypto - the keep hoping for alt season and repeating their mantra how their favorite altcoin is better than Bitcoin and will soon replace it. My only hope is that beginners don't get caught in their false marketing - if you have friends who are still new to crypto, please warn them about the danger of investing in alts.

Unfortunately this is very difficult to change, people see that their coins are similar to bitcoin and they think that it should have roughly the same value or an even greater one, but what they do not understand is that most altcoins are for the most part just cheap imitations of bitcoin, will you pay the same amount of money for a house well built and for a house made of cardboard? The answer is obviously no and yet those people think that somehow people are going to pay a lot to be part of a coin that most likely is a scam anyway.

And newbies are very susceptible to fall for this since they do not have experience in the market, they see in bitcoin just another coin, but even the most minimal knowledge about it tells you that it has a dominance of almost 70% and if anything that number is kind of low and it will keep increasing in the future.

[finaleshot2016]

Bitcoin already proved its worthiness for how many times so I didn't doubt Bitcoin this year 2020. Ohh wait, it's already 2021 here in my country.

Anyways, bitcoin will truly give us more opportunities in the future and it will prove again that we should adopt more to the usage of it and take advantage of its current market to grow profit. After the 2017 bull run, I stopped spending in altcoins and focused on bitcoin 'cause I know that it will start a bull run again and look at what happened, $29k

[Wysi]

Bitcoin already proved its worthiness for how many times so I didn't doubt Bitcoin this year 2020. Ohh wait, it's already 2021 here in my country.

Anyways, bitcoin will truly give us more opportunities in the future and it will prove again that we should adopt more to the usage of it and take advantage of its current market to grow profit. After the 2017 bull run, I stopped spending in altcoins and focused on bitcoin 'cause I know that it will start a bull run again and look at what happened, $29k

Yes, that's true as Bitcoin has already proven it's worth numerous times and we shouldn't be sceptical anymore even if we go through one more bearish market we should use it as an opportunity to buyback rather than selling out of panic and fear. I have always believed in Bitcoin and really wanted to reinvest into Bitcoin during 2018 crisis but couldn't due to financial circumstances but now I have saved enough to reinvest in any such bearish market.

[Rovega]

In my opinion it is very natural that the value of Bitcoin decreases and the value of Altcoins in the market also decreases, because Bitcoin is the king of all Altcoins and it has been clear from the past until now the trend is still valid.

[Bitcoin577]

It may be some time happen that altcoin price drop or pump with bitcoin price uo and down respectively but not all time because altcoin price depend upon their market. Itay be happen that investor buy one altcoin at larhe amount than bitcoin
Bitcoin proved self after 2017 and their is no doubt in bitcoin price fluctuation. People use bitcoin for their inveatment this why bitcoin price increasing day by days with a high speed.
I want to also hold some bitcoin so that give me a good price at future. 
I think every single investor now first check the bitcoin price before buying altcoin so this may cause the altcoin price relationship with bitcoin price.

[Wawa2013]

With a very drastic increase in Bitcoin from December 2020 until now, has proven that Bitcoin is the best cryptocurrency. In fact, only a few
altcoins followed Bitcoin's price increase, and unlike Bitcoin, it went up quite high. The price of altcoins is rising slowly, maybe because
the market is still dominated by Bitcoin as much as 70% today.

Therefore only Bitcoin is currently capable of creating a new ATH, while  the altcoins haven't returned to the ATH price. But many predict that
in 2021 there will be alt seasons which will make all altcoins prices skyrocket back to ATH prices. Therefore we still have to continue to monitor
the development of the cryptocurrency market, whether the prediction is right or wrong.

[sapnu]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

Bitcoin has been proving itself for so long already actually. Even though there are instances where it fails, it still comes back strong later on. Last year, bitcoin was not that strong at the beginning, but as the end of the year approached it clearly proved itself once again. We can clearly see how bitcoin was able to become the pioneer and the one that set the standard for every crypto that followed it. Even though bitcoin's value is high right now, we should set ourselves ready for anything that may happen so that we won't experience massive loss.

[ice098]

Bitcoin has been proving itself for so long already actually. Even though there are instances where it fails, it still comes back strong later on. Last year, bitcoin was not that strong at the beginning, but as the end of the year approached it clearly proved itself once again. We can clearly see how bitcoin was able to become the pioneer and the one that set the standard for every crypto that followed it. Even though bitcoin's value is high right now, we should set ourselves ready for anything that may happen so that we won't experience massive loss.

It will happen because of some corrections sometimes , but if the whales wants to dump it will be dump, but the thing is , it's been more than a decade since bitcoin is being created, there's no reason why other people think that bitcoin needs to be proved again its worth in the market, top company worldwide is into bitcoin now and they are already investing on it, somemay create fud and try to eliminate bitcoin by banning it in their country but still bitcoin will never die.

[Crptomagma]

I have always known the price of other altcoin is directly proportional to the price of bitcoin in the Crypto market. It’s obvious from the recent developments in the Crypto market that bitcoin influence more than 60% of the price of other altcoin as it’s rhe most accepted in the world.

[wxa7115]

With a very drastic increase in Bitcoin from December 2020 until now, has proven that Bitcoin is the best cryptocurrency. In fact, only a few
altcoins followed Bitcoin's price increase, and unlike Bitcoin, it went up quite high. The price of altcoins is rising slowly, maybe because
the market is still dominated by Bitcoin as much as 70% today.

Therefore only Bitcoin is currently capable of creating a new ATH, while  the altcoins haven't returned to the ATH price. But many predict that
in 2021 there will be alt seasons which will make all altcoins prices skyrocket back to ATH prices. Therefore we still have to continue to monitor
the development of the cryptocurrency market, whether the prediction is right or wrong.

The price of bitcoin is only a rough indication of its true value, when satoshi first created bitcoin a single bitcoin may have had a price of zero dollars as no one was buying it or selling it but it had value as it was the first decentralized currency history has ever seen, the price we see of bitcoin above 30k is just a reflection of the underlying value of the technology.

Most people only care about the price and there is nothing wrong with that but when you really take a look at the technology you begin to see that unless some major disaster hits the world bitcoin is bound to become incredibly valuable as it will provide a safe haven for those that do not believe in fiat currencies anymore and as such its price is also bound to skyrocket as well.

[gurunanakji777]

No doubt Bitcoin is a precious gem of the crypto market. It is leading the crypto market from the front. when Bitcoin rises it automatically helps in increasing the value of other Altcoins in USD form but there are times when Bitcoin consolidates and Altcoins rises too.

[FlightyPouch]

Well, it would always be the one that would lead these kinds of movements. Some altcoins might move differently but the first move will always be the role of bitcoin. That is the reason why a lot of people are having an assumption that bitcoin is the one that makes another price of altcoins pump or dump. I would always be the one that would be seen first unlike the others.

[Coinsfera]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

Yes, Bitcoin plays a market maker role in cryptocurrencies. Bitcoin appreciates and other altcoins follow the beast. It is like that and will continue. Also, altcoins can move freely without affected by Bitcoin. The new protocol release or huge buyout can affect the price.