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Author Topic: Looking for a crypto that won't depend on BTC anymore  (Read 880 times)
TheUltraElite
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August 02, 2022, 11:00:23 AM
 #81

there is no coin/token circulating in the market whose price is not influenced by bitcoin, everything depends on bitcoin, but you can try investing in gambling tokens because from what I have noticed, the price movement is different from other altcoins.
Gambling tokens are no different from other altcoin tokens. At best they can be expected to go bigger than average altcoin. Still I have not seen any of them making really big market movements.

Bitcoin is the basis, the standard here. Looking at something not from the Bitcoin point of view is a wrong thing. One can use USDT to measure them though.

It does not mean that we are all bitcoin lovers and altcoin haters. Altcoins never make any impact on the market in the long run. It is bitcoin which stands tall.

R


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deathcode
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August 02, 2022, 11:16:27 AM
 #82

there is no coin/token circulating in the market whose price is not influenced by bitcoin, everything depends on bitcoin, but you can try investing in gambling tokens because from what I have noticed, the price movement is different from other altcoins.
Gambling tokens are no different from other altcoin tokens. At best they can be expected to go bigger than average altcoin. Still I have not seen any of them making really big market movements.

Bitcoin is the basis, the standard here. Looking at something not from the Bitcoin point of view is a wrong thing. One can use USDT to measure them though.

It does not mean that we are all bitcoin lovers and altcoin haters. Altcoins never make any impact on the market in the long run. It is bitcoin which stands tall.
That's right, so far no altcoin can stand alone without depending on the Bitcoin market. when Bitcoin experiences a decline, the altcoin market will also be directly affected by the movement of Bitcoin.
however, Bitcoin's dominance in the crypto market is still very strong. all of them may still exist and will continue to depend on the capabilities of Bitcoin for a long time.









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August 02, 2022, 12:15:52 PM
 #83

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?
As far as I know there is no type of crypto that moves on its own, almost all of them are influenced by the movement of Bitcoin, for the opposite type of crypto there are...such as: BEAR, ADADOWN, BTCDOWN, ETHDOWN, and many others, the type of coin does not depend on Bitcoin, only fundamentally opposite, Bitcoin goes down he goes up and Bitcoin goes up he goes down, for more complete clarity you can look at MarketCap.
Here are some options for you:

1. yield farm stablecoins on DeFi platforms for up to 25%
2. invest and stake HEX or MAXX finance tokens. HEX has been a non-correlated asset and I believe MAXX will do the same. This is because investors need to lock their funds up for years and get penalized for early withdrawals. This keeps the price stable.
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August 02, 2022, 02:22:10 PM
 #84

since I have signed crypto so far, there has been no altcoin that doesn't follow btc, everyone follows where btc goes, one thing that is impossible if there is an altcoin that doesn't depend on btc

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August 05, 2022, 04:46:34 AM
 #85

It is almost impossible to find a cryptocurrency that is not tied to Bitcoin. As long as Bitcoin's dominance rate in the market continues to be at these levels, all cryptocurrencies will continue to be tied to Bitcoin. Having such expectations can cause you to waste time. I think you should look for ways to live in harmony with this conjuncture. :)

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RussianEnglishTranslation
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August 05, 2022, 11:24:16 AM
 #86

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?
There are only a few cryptos that aren't tied to BTC with trading bots or are non-correlated. Two of them that I know are HEX and 0xMR. One thing that I swear by though is investing in POS coins that have a high APY like NEAR and ICP. This means that although the price may go down in a bear market, you will have 10-20% more crypto to sell in a bull market.
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August 05, 2022, 11:49:33 AM
 #87

It is almost impossible to find a cryptocurrency that is not tied to Bitcoin. As long as Bitcoin's dominance rate in the market continues to be at these levels, all cryptocurrencies will continue to be tied to Bitcoin. Having such expectations can cause you to waste time. I think you should look for ways to live in harmony with this conjuncture. Smiley

It is very difficult to find altcoins that are not affected by Bitcoin, because the majority of altcoins always follow the movement of Bitcoin.
This is because Bitcoin dominates the market, so it's only natural that altcoins are eventually affected by Bitcoin's movement. Even if there are
altcoins that don't follow the movement of Bitcoin, they are coins whose prices are manipulated by whales, therefore if we find any altcoins
whose price suddenly rises even though the price of Bitcoin is falling, it must be wary of. Because that's the manipulation that whales do to
make a fake pump, which can cause FOMO to occur and later there will be many investors who end up buying at the peak price. After that
the whales will take profit and the price of the coins will be dumped. So I prefer only invest in top altcoins which are indeed affected by the Bitcoin
price. It will be much easier for us to predict its movement than to risk investing in coins that are not tied to Bitcoin.

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August 05, 2022, 11:58:44 AM
 #88

It is almost impossible to find a cryptocurrency that is not tied to Bitcoin. As long as Bitcoin's dominance rate in the market continues to be at these levels, all cryptocurrencies will continue to be tied to Bitcoin. Having such expectations can cause you to waste time. I think you should look for ways to live in harmony with this conjuncture. Smiley

It is very difficult to find altcoins that are not affected by Bitcoin, because the majority of altcoins always follow the movement of Bitcoin.
This is because Bitcoin dominates the market, so it's only natural that altcoins are eventually affected by Bitcoin's movement. Even if there are
altcoins that don't follow the movement of Bitcoin, they are coins whose prices are manipulated by whales, therefore if we find any altcoins
whose price suddenly rises even though the price of Bitcoin is falling, it must be wary of. Because that's the manipulation that whales do to
make a fake pump, which can cause FOMO to occur and later there will be many investors who end up buying at the peak price. After that
the whales will take profit and the price of the coins will be dumped. So I prefer only invest in top altcoins which are indeed affected by the Bitcoin
price. It will be much easier for us to predict its movement than to risk investing in coins that are not tied to Bitcoin.
I thought that these metaverses and hyped projects run independently but unfortunately, they end up relying on Bitcoin and even getting worse. As to whether we like it or not, we can never find any projects that do the opposite direction without the influence of Bitcoin. I was been in the crypto market for many years and many people looking for that during the bear season but guess what? They all had failed to see it, none have existed by now, and I'm not even sure about the future.

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August 11, 2022, 08:43:45 PM
 #89

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?
Really hard to point out because even there are projects that could go opposite on bitcoins movement or whatever trend it may have but most of the time everything would be dragged down.
Although there are projects could really pump despite of the market condition but its less likely you would able to spot out because its hard to go against when fundamentals and
events or news in the market.Therefore, you cant really say that there are coins which arent really depending on btc anymore and as said
most of the time it will really be following on what Bitcoin path is been taking on.

R


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August 11, 2022, 08:54:17 PM
 #90

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?
There is no such thing like that, only bitcoin itself. Crypto coins are known to be always dependent on the movement of bitcoin. Hence, whatever the path bitcoin takes, the rest of the coins in the market are being influenced. When bitcoin is in surge, all the coins are bound for a positive price. But when bitcoin price drops and starts to decline, the rest of the coins too will struggle and will end up being low valued.

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August 12, 2022, 03:39:33 AM
 #91

since I have signed crypto so far, there has been no altcoin that doesn't follow btc, everyone follows where btc goes, one thing that is impossible if there is an altcoin that doesn't depend on btc
Sometime altcoins can decouple bitcoin once it has a hype news that can make whales to pump it. If we are seeing from the daily candle and there will no be altcoin that can do that without any news. If you can try to find an altcoin that will have good upcoming news and this may give you a decent profit. So far people are always looking for altcoin that can't be affected by bitcoin.

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judaspriest
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August 12, 2022, 12:56:42 PM
 #92

I think there is no crypto currency, especially altcoins that really don't follow Bitcoin, because all altcoins always follow the price of Bitcoin,
if the price of Bitcoin goes down, the altcoin also goes down, unless the altcoin has good news that is really strong to hold the price up so that it can go up.

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August 12, 2022, 01:03:17 PM
 #93

Well i have one token in mind but can not talk about it again and again, looks spamy, well you can check my previous post.
I am talking about tokens that have their own exchanges no doubt many token with their own exchanges like, houbi, bnb, bz etc depend on byc price or dominanace, But there is this token which is not depending on any other token even on btc. I observes it from its origination time.
Thanks
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August 12, 2022, 09:21:37 PM
 #94

I think there is no crypto currency, especially altcoins that really don't follow Bitcoin, because all altcoins always follow the price of Bitcoin,
if the price of Bitcoin goes down, the altcoin also goes down, unless the altcoin has good news that is really strong to hold the price up so that it can go up.
I can think of the stable coins, they're not dependent on bitcoin because they don't move but there's still a risk on them. Because we've seen some issues from UST and its value dropped a lot despite its stable coin.
But if it's overall in the market, I can't think also of any altcoin that won't depend on bitcoin. Even the top altcoin, Ethereum, it's having that movement following bitcoin.

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August 12, 2022, 09:40:46 PM
 #95

I think there is no crypto currency, especially altcoins that really don't follow Bitcoin, because all altcoins always follow the price of Bitcoin,
if the price of Bitcoin goes down, the altcoin also goes down, unless the altcoin has good news that is really strong to hold the price up so that it can go up.
I can think of the stable coins, they're not dependent on bitcoin because they don't move but there's still a risk on them. Because we've seen some issues from UST and its value dropped a lot despite its stable coin.
But if it's overall in the market, I can't think also of any altcoin that won't depend on bitcoin. Even the top altcoin, Ethereum, it's having that movement following bitcoin.

I think OP is referring to altcoins, stablecoins are not taken into account in this case. Nowadays, without any altcoin that can function individually without depending on the movement of bitcoin, bitcoin dominance is too great.

There are only a handful of cases where altcoins that don't depend on bitcoin can create a trend against bitcoin but that can only happen in the short term and then will also return to the movement of bitcoin.

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August 12, 2022, 10:07:10 PM
 #96

I can think of the stable coins, they're not dependent on bitcoin because they don't move but there's still a risk on them. Because we've seen some issues from UST and its value dropped a lot despite its stable coin.
But if it's overall in the market, I can't think also of any altcoin that won't depend on bitcoin. Even the top altcoin, Ethereum, it's having that movement following bitcoin.

I think OP is referring to altcoins, stablecoins are not taken into account in this case. Nowadays, without any altcoin that can function individually without depending on the movement of bitcoin, bitcoin dominance is too great.

There are only a handful of cases where altcoins that don't depend on bitcoin can create a trend against bitcoin but that can only happen in the short term and then will also return to the movement of bitcoin.
Sometimes it's seen that for some reasons a few altcoins don't depend on bitcoin. But it's not taking that long and that's why if OP is really looking for altcoins that won't depend on bitcoin.
He will have difficulties finding one and if he can prove that he has found one, it won't take a long time until he'll be able to see that it will start to get attached to bitcoin again.

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August 12, 2022, 10:14:07 PM
 #97

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?
I'd come to that way thinking sometimes but unfortunately, I'd just fail looking at them because the reality is that BTC dominates the market and altcoins are there to follow the trend. You might see some do the rallies, it pumps suprisingly but that because of whales manipulation and it was not for long-term which I think that was we looked for. I see how good to see such project that won't rely on Bitcoin but I think we have to accept that this is how the crypto market works, they stick together and once Bitcoin fall, the entire market will fall as well.
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August 15, 2022, 03:20:31 PM
 #98

since I have signed crypto so far, there has been no altcoin that doesn't follow btc, everyone follows where btc goes, one thing that is impossible if there is an altcoin that doesn't depend on btc
Sometime altcoins can decouple bitcoin once it has a hype news that can make whales to pump it. If we are seeing from the daily candle and there will no be altcoin that can do that without any news. If you can try to find an altcoin that will have good upcoming news and this may give you a decent profit. So far people are always looking for altcoin that can't be affected by bitcoin.
That is a temporary solution though, not a permanent one. I mean there is no project in the world that could be independent from the market itself, the whole market moves together and one project acting of its own is not something we will see that much. What we are doing however is the fact that crypto being a bit more like a tribe instead of each project being own its own.

Hence, we are not going to see projects being that great all by itself, and the ones that do go up or down just itself would be doing that for a short period of time, for a few days at most, and then it will be moving with the market all over again and not change it too much at all.

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August 15, 2022, 04:37:10 PM
 #99

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

maybe if there's something that can replace bitcoin in the future when bitcoin becomes obsolete and some crypto replaces it, maybe there was a chance but for now, I think everything still aligns with bitcoin, when the king falls another crypto sector almost also down.
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August 15, 2022, 06:29:07 PM
 #100

Only USDT, USDC and other stable coins don't depend on BTC because they are stable, as for all other projects that have volatility activated are going to keep following BTC forever, some follow sharply and some follow slowly.

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