Bitcoin Forum
May 15, 2024, 08:23:10 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: How much does Bitcoin affect other cryptocurrency?  (Read 677 times)
riskarcher
Full Member
***
Offline Offline

Activity: 672
Merit: 100



View Profile
May 21, 2023, 03:48:31 PM
 #101

Other altcoins are created for the purpose of getting the attention of bitcoin holders and they created some coins that are way too good than bitcoins in terms of their advancement, from the fast transaction to even lower payment for transaction fees, but there is only one thing that they cannot beat bitcoin, its decentralization. they failed to do so and they cannot do such a thing because if they sat unanimously, the mass won't gonna recognize their project and they will end up getting bankrupt because no one wanted to invest in them. that's why they choose their coins to be centralized even though they cannot beat bitcoins, they are getting some investors somehow.
That's true, The purpose of altcoin is to be replacement bitcoin and they don't achieve decentralization like bitcoin. It's doesn't matter if the coin is don't have any utility, atleast they have the purpose to be decentralize not centralize like now. Many manipulation on crypto due to altcoin they created for their own benefit such FTX it's really sucks because they have full control of their own system

Wend
Sr. Member
****
Offline Offline

Activity: 1386
Merit: 283



View Profile
May 21, 2023, 04:18:39 PM
 #102

Other altcoins are created for the purpose of getting the attention of bitcoin holders and they created some coins that are way too good than bitcoins in terms of their advancement, from the fast transaction to even lower payment for transaction fees, but there is only one thing that they cannot beat bitcoin, its decentralization. they failed to do so and they cannot do such a thing because if they sat unanimously, the mass won't gonna recognize their project and they will end up getting bankrupt because no one wanted to invest in them. that's why they choose their coins to be centralized even though they cannot beat bitcoins, they are getting some investors somehow.

Apart from decentralization is bitcoin's biggest advantage that no other altcoin can beat it. I think the altcoin market is not really a technology focused market they are focused on selling tokens and making money. So when they make enough money, they will find a way to give it up, and knock it down to rebuild newer games. We can easily see the mass collapse of altcoins every time bear season comes. While bitcoin was created, focusing entirely on technology to create a solution that frees us from dependence on Fiat. That's a huge difference between the two.

death69
Hero Member
*****
Offline Offline

Activity: 1204
Merit: 545


View Profile
May 21, 2023, 04:35:50 PM
 #103

Other altcoins are created for the purpose of getting the attention of bitcoin holders and they created some coins that are way too good than bitcoins in terms of their advancement, from the fast transaction to even lower payment for transaction fees, but there is only one thing that they cannot beat bitcoin, its decentralization. they failed to do so and they cannot do such a thing because if they sat unanimously, the mass won't gonna recognize their project and they will end up getting bankrupt because no one wanted to invest in them. that's why they choose their coins to be centralized even though they cannot beat bitcoins, they are getting some investors somehow.
Bitcoin is like the 'Mona Lisa' of the cryptoverse - copycats may try their luck, but they’ll always fall short of the OG. Sure, altcoins might strut around, peacocking their flashy bells and whistles, zippy transactions, and nickel-and-dime fees. But Bitcoin’s real mojo doesn't lie in its velocity or pocket-friendliness. No siree, it's rooted in its rugged reliability and trustworthy vibes, born from its decentralized and open-source DNA.

Decentralization isn't just some fancy shmancy word; it’s the incarnation of a fiscal free-for-all. By kicking central control to the curb, Bitcoin hands the reins over to its users, a move that leaves altcoins struggling to keep up.

Now, wouldn’t it be a hoot if an altcoin could rock the decentralization gig without ditching its unique hooks? Could it seriously duke it out for Bitcoin's crown, or would the crypto tribe stay true to their first love? Grab your popcorn, folks. Only time will spill the beans.
calonpa
Jr. Member
*
Offline Offline

Activity: 31
Merit: 2


View Profile
May 21, 2023, 06:01:16 PM
 #104

I think bitcoin affects some cryptocurrency because the main market uses bitcoin. So if bitcoin goes down and ups also some crypto currencies follows bitcoin. The impact is always there. So don't worry about it because it's been nature in the crypto world.

The scenario has changed a lot. Now usdt is used in main market instead of bitcoin. Most people keep funds in usdt because of stability.
aylabadia05
Hero Member
*****
Offline Offline

Activity: 1526
Merit: 768



View Profile WWW
May 22, 2023, 11:01:14 AM
 #105

Of course I thought that this was only temporary. This year it is clear that the market has not shown the movement we expected, including this May.
I would nod my head that stay away from altcoins in investing long term.
Are you expecting a recovering and bullish market this year? If so, we have another look at the market. I'm happy with what's happening, even a little sad that bitcoin has recovered quite quickly in the first few months of the year.
For some reason I hope the market recovers which will allow me to buy again at a price not much different from the current price.
In consideration of the long-term targets that I have set, yes, I feel that the market is recovering too quickly from what I imagined because since the beginning of 2023, I have sold all types of altcoins so that there are no more left and taking the proceeds from the sale I buy Bitcoin because my focus is now it's only on Bitcoin.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
SirLancelot
Hero Member
*****
Offline Offline

Activity: 2492
Merit: 582


Leading Crypto Sports Betting & Casino Platform


View Profile
May 22, 2023, 06:31:54 PM
 #106

This is a simple question and clear understanding with observation as we all believe in virtual money, which Bitcoin is the driving force of other cryptocurrency market, any moment Bitcoin dipped in the market, it affects other alt-coins instantly, so Bitcoin affect other alt-coins through price changes either negative or positive, Bitcoin is the reason why cryptocurrency market been active today in the cryptocurrency industries.
Simple question with a simple answer. Those who are here for a long time already knows the fact that you spit there. Not all believe in virtual money and those who believe, not all of them believe in crypto because they think it's only just a scam. I think there is still a little delay in bitcoin-altcoin synchronization. We can use this as an indication to do something which can help us to be profitable or avoid taking big risks.

Big credits to bitcoin because if not for it, there will also be no other cryptos but other cryptos do also contribute to attract the people in here because they have their own use case which are entirely different from bitcoin.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
n0ne
Hero Member
*****
Offline Offline

Activity: 2576
Merit: 548


Seabet.io | Crypto-Casino


View Profile WWW
May 22, 2023, 06:54:47 PM
 #107

Users who have travelled with cryptocurrency for a long will know about the reality of the market. Nowhere bitcoin push other cryptocurrencies down. It is the market that is developed to follow the footprints of bitcoin. This makes altcoins follow bitcoin and during the altcoin season we were able to experience bullish move with altcoins against the bitcoin market.

Altcoins were good and were developed for some purpose. Most of the time new cryptocurrencies were promoted making comparison against bitcoin. However none stay high in the market, so the base of bitcoin is very strong that it directs the rest of the market. Most of the time the development is the prime reason that make cryptocurrencies fail and it is not the bitcoin.

Blitzboy
Hero Member
*****
Offline Offline

Activity: 1232
Merit: 556


Leading Crypto Sports Betting & Casino Platform


View Profile
June 24, 2023, 05:24:06 AM
 #108

Users who have travelled with cryptocurrency for a long will know about the reality of the market. Nowhere bitcoin push other cryptocurrencies down. It is the market that is developed to follow the footprints of bitcoin. This makes altcoins follow bitcoin and during the altcoin season we were able to experience bullish move with altcoins against the bitcoin market.

Altcoins were good and were developed for some purpose. Most of the time new cryptocurrencies were promoted making comparison against bitcoin. However none stay high in the market, so the base of bitcoin is very strong that it directs the rest of the market. Most of the time the development is the prime reason that make cryptocurrencies fail and it is not the bitcoin.
Your insight spotlights Bitcoin' transformative role in sculpting the crypto-market. Undeniably, as the premier digital currency, Bitcoin blazes the trail for many altcoins. Yet, pinning altcoin fortunes solely on Bitcoin simplifies the intricate market interplay. Altcoins arent mere Bitcoin replicas; they embody a sphere of ingenuity, striving to polish and amplify the pioneering blockchain tech of Bitcoin. Their juxtaposition with Bitcoin simply underscores their unique features and merits.

The roller-coaster ride of altcoins can be credited to their growth hiccups, market mood, and practical utility, among other things. Bitcoin, with its sturdy framework and wide acceptance, offers stability in this stormy market. Its sway is unquestionable, yet it doesn't hold the final say in an altcoin's destiny.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!