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Author Topic: Alternate Cryptocurrencies Keep The Price Of Bitcoin Down  (Read 1478 times)
p1111
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December 30, 2014, 12:28:46 AM
 #1

Your thoughts?
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December 30, 2014, 12:34:54 AM
 #2

Bitcoin's success or fail cannot be attributed to other coins being created.

It will succeed or fail on its own..

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December 30, 2014, 01:09:05 AM
 #3

In my honest opinion alternate cryptocurrencies are a joke because a new cryptocurrency gets created every week.

A few months back new altcoins were being created every other day. Big slow down since BTC has gone down in price.

I support a decentralized & unregulatable ledger first, with safe scaling over time.
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December 30, 2014, 01:22:46 AM
 #4

In my honest opinion alternate cryptocurrencies are a joke because a new cryptocurrency gets created every week.

I mostly agree, but your statement has nothing to do with your topic.

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December 30, 2014, 01:41:44 AM
 #5

In my honest opinion alternate cryptocurrencies are a joke because a new cryptocurrency gets created every week.

There are new websites created each week, that does not make Google.com a joke.



The price of bitcoin is being held down due to ALL the attention being paid to the POS side (sell side) of integration.

Not until we see an equal amount of attention being paid to payroll integration (buy side) will the scales become balanced.

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December 30, 2014, 08:15:47 AM
 #6

Do not think so, alternate cryptocurrencies are seperate markets, BTC market prices going up and down by BTC market itself  Grin
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December 30, 2014, 08:17:59 AM
 #7

Your thoughts?

I think the inverse is true, that the price of altcoins depend on the price of bitcoins.

Pierre11
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December 30, 2014, 08:23:11 AM
 #8

I think they would have helped.

If people see a new altcoin which they know will have a great price swing or they really want to pump it, they will invest fiat in the form of bitcoin into it.

At the end everything if there is anything left will be converted back to bitcoin..
sandykho47
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December 30, 2014, 08:26:53 AM
 #9

It's totally wrong
AltCoin can help bitcoin price rising up

Most cases you have to buy altcoin with bitcoin
So, you have to buy bitcoin first.

And most AltCoin will become fail, only few of them can compete with bitcoin

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December 30, 2014, 09:03:26 AM
 #10

A lot of the investment in altcoins comes indirectly into Bitcoin, which helps to keep up the Bitcoin price.
Bitcoin price is dropping as the merchants accepting it does not hold it but convert to fiat immediately.
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December 30, 2014, 09:06:31 AM
 #11

I think altcoins in general are a bit of a joke. There are a few that are innovative, but I think their future is relant on bitcoins success, not the other way round.


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GÜNther.Danish
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December 31, 2014, 04:13:36 AM
 #12

In my honest opinion alternate cryptocurrencies are a joke because a new cryptocurrency gets created every week.

There are new websites created each week, that does not make Google.com a joke.



The price of bitcoin is being held down due to ALL the attention being paid to the POS side (sell side) of integration.

Not until we see an equal amount of attention being paid to payroll integration (buy side) will the scales become balanced.
3000 -> 2000, bitcoin down
0.1 -> 0.01, altcoin balanced

lol

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December 31, 2014, 04:28:53 AM
 #13

Alt currencies are the reason which keeps the people loyal to bitcoin.

a fool and his money ...
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December 31, 2014, 04:38:58 AM
 #14

it's the exact opposite:
bitcoin keeps the price of alts down

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December 31, 2014, 12:07:15 PM
 #15

i think yes
as new altcoin release people dump their BTC for those alts
and the pumper or founder of that coin dumps those BTC with their premine or low value purchase before pump
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December 31, 2014, 12:37:59 PM
 #16

Your thoughts?

The Jews did it Angry

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December 31, 2014, 01:11:08 PM
 #17

I think altcoins in general are a bit of a joke. There are a few that are innovative, but I think their future is relant on bitcoins success, not the other way round.

Most alts are bitcoin with a different name. Changing the name is the devs only innovation.
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December 31, 2014, 09:59:38 PM
 #18

THe btc market cap vs the entire alt market cap is like an ocean to a puddle.

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December 31, 2014, 10:20:04 PM
 #19

i think yes
as new altcoin release people dump their BTC for those alts
and the pumper or founder of that coin dumps those BTC with their premine or low value purchase before pump

Well this would be true or valid, only if the founder sells the bitcoin .
In the case of Ethereum this was true.

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January 02, 2015, 12:53:43 AM
 #20

Do this simple calculation.
Assume all the market cap of alternate cryptocurrencies is transferred to Bitcoin.
What would Bitcoin's price be? Is it going to make a significant difference?

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