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Author Topic: Bitcoin is the gear shifter of cryptocurrencies  (Read 4943 times)

Offline Quantum X

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Bitcoin is the gear shifter of cryptocurrencies
« on: November 26, 2020, 02:35:48 AM »
I don't know if you'll agree with me but if you are familiar with a gear shift you truly understand what I mean. Gearshift is a device used to engage or disengage gears in any type of transmission or mechanism.
Bitcoin in my opinion does the same in the crypto space. Whatever the performance of btc in the market altcoins are affected. It is bitcoin who directs the market status which is good to some who are real and bad to those altcoins that are just there for nothing except for fraud motivation.

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Bitcoin is the gear shifter of cryptocurrencies
« on: November 26, 2020, 02:35:48 AM »

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #1 on: November 26, 2020, 06:31:51 AM »
One can agree with such a comparison.  Today, downshifting is enabled through bitcoin in the cryptocurrency market and the growth of altcoins has begun to decline.  As the price of bitcoin fell to $ 17,872, there was also a sharp drop in prices across the entire cryptocurrency market.  Ethereum is now priced at $ 532, and other altcoins have dropped more than ten percent.  The usual price correction takes place and without it there can be no further upward movement.

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #2 on: November 26, 2020, 07:03:54 AM »
Although the value of all cryptocurrency is downward in terms of demand and supply, but it is often seen that whenever the value of bitcoin falls, the value of other cryptocurrency also falls, today ethereum has also fallen to $520.

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #3 on: November 26, 2020, 07:04:36 AM »
Of course, Because bitcoin is the king of cryptocurrencies. While bitcoin is going to increase, I think all Crypto currencies will follow to increase. Bitcoin price will affect all of the crypto market. I think It is normal .
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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #4 on: November 26, 2020, 10:48:05 AM »
Of course, Because bitcoin is the king of cryptocurrencies. While bitcoin is going to increase, I think all Crypto currencies will follow to increase. Bitcoin price will affect all of the crypto market. I think It is normal .
Very often, the opposite is true: When the price of bitcoin increases, the price of altcoins falls. This is because investors sell altcoins to invest in bitcoin. Therefore, bitcoin should not rise sharply in price.

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #5 on: November 26, 2020, 11:18:37 AM »
Bitcoin is one of the most popular and widely known coins around the world.  This is a blockchain token.  It is operated from a specific location. We can see the price but now it has increased a lot.  We can expect the price of this bitcoin to exceed $50,000 by 2021.
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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #6 on: November 26, 2020, 11:23:19 AM »
Bitcoin is not a driver of the crypto market as a whole, that's because all altcoins are paired with Bitcoin on crypto exchanges, when the new altcoins have a better system than Bitcoin, namely transaction speed, many want to own these altcoins and the price will increase.
For me Bitcoin is the Leader of new ideas from new projects, therefore we can see new projects that want to be better than their predecessors.

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #6 on: November 26, 2020, 11:23:19 AM »


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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #7 on: November 26, 2020, 12:42:19 PM »
I think Bitcoin is indeed a regulator of Bitcoin price rotation. When the price of Bitcoin goes up or down, it will immediately be followed by increases and decreases in altcoins. Because Bitcoin really determines the steps the market will take green or turn red.
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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #8 on: November 26, 2020, 04:50:49 PM »
In most cases, it is fact, when bitcoin rises in price and then altcoins also rises in price, and when the price of bitcoin starts to fall, then prices of altcoins also begin to fall, but at times there have been cases when the price of bitcoin has grown and prices of altcoins have stood still on one place and vice versa there was moments when the price of bitcoin fell and prices of altcoins was stood still on one place.
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Offline KKH84

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #9 on: November 27, 2020, 04:49:59 AM »
In the real world, I mean in everyday life Bitcoin is like USD because world currencies are affected by USD movements.  So Bitcoin will become the cryptocurrency determinant in the exchange so investing in Bitcoin will bring benefits.

Maybe the end of the year is a good time to buy Bitcoin.

Offline jakasantosa

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #10 on: November 28, 2020, 10:42:12 PM »
It can be said that Bitcoin is a driving force for the rise and fall of altcoins, but not all altcoins are affected by movements and shifts in bitcoin prices. All cryptos have a wide opportunity to become the top crypto market. It may be true that bitcoin is a reference to find out which altcoins are up or down.
Searching

Offline Bobcrypto

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #11 on: November 28, 2020, 10:57:51 PM »
It is actually very true that Bitcoin drives the entire crypto market and there is no exceptions for now, Bitcoin control all coin prices. I am personally waiting to see a coin/token that don't depends the bitcoin price  movement during pump or dump periods.
For now, Bitcoin controls the market, and i don't think there are any doubt about it.
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Offline Quantum X

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #12 on: December 02, 2020, 12:57:28 AM »
I am personally waiting to see a coin/token that don't depends the bitcoin price  movement during pump or dump periods.
I think we have it already and it is USDT. So far only stable coin like this we can consider and I'm afraid that there will be nothing to be created outside from this idea.

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #13 on: December 02, 2020, 02:16:04 PM »
I agree with you that you have discusse this topic very nice way.i don't think anyone else should be confuse about this.because you have post very simple and with example. Thank you so much bro for making such an instructive post . Hopefully this kind of post will do again and again.
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Offline Cristiano

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Re: Bitcoin is the gear shifter of cryptocurrencies
« Reply #14 on: December 02, 2020, 02:31:57 PM »
Of course, Because bitcoin is the king of cryptocurrencies. While bitcoin is going to increase, I think all Crypto currencies will follow to increase. Bitcoin price will affect all of the crypto market. I think It is normal .
Bitcoin is the king of all coins.  Bitcoin is called the king of cryptocurrencies.  The price of Bitcoin is increasing day by day. The price of Bitcoin will one day reach a level that people will never believe.  Bitcoin will follow all coins.  This is normal

 

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