Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on February 16, 2021, 06:21:54 AM
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The Cryptocurrency is filled up with different kinds of crypto projects and many other tokens and coins to be listed on the exchange soon and many are to be added to the market, but there's one significant thing about the market, it was observed that bitcoin always beating every Altcoins in the market reason been that when bitcoin rises other coins and tokens falls, and when also the bitcoin falls other coins still has no choice but to fall, is it true that bitcoin beat the crypto market?
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Bitcoin is not beating up the crypto market all because it is the most popular part of crypto but yes no other altcoin that is at the level of Bitcoin for now so in a sense it is beating altcoins. However, there should never be a race, in the first place. Altcoins are called as altcoins all because they are considered to be alternative, and they can be playing different roles compared to Bitcoin. We should never be worrying on this. As Bitcoin is having its bull run, there are also altcoins that are making their impressive moves while, of course, there can be those that are still undecided what path to take whether up or down.
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Situations in the cryptocurrency market are different, usually altcoins copy the same actions that bitcoin does, for example, if bitcoin grows, then altcoins begin to grow, and if bitcoin falls, then altcoins begin to fall, of course, sometimes it happens that bitcoin grows, and altcoins fall or just stand still on one place, and it also happens that altcoins sometimes rise in price and bitcoin falls or stands still on one place.
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I agree. That is why many investors always choose bitcoin over altcoins and the more people are coming to bitcoin the more the price is going uptrend causing the altcoins being left behind.
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We should not be surprised if Bitcoin is the top choice of the people. Until cryptocurrencies go mainstream, Bitcoin will remain the gold standard of all crypto as big investors are mostly looking at Bitcoin as the safest investment in the crypto industry.
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Indeed, I think this is a very good new breakthrough in crypto. where these new trends emerge and will remain in crypto. I am sure that by surviving like now, more and more people will believe that this crypto is profitable.
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The Cryptocurrency is filled up with different kinds of crypto projects and many other tokens and coins to be listed on the exchange soon and many are to be added to the market, but there's one significant thing about the market, it was observed that bitcoin always beating every Altcoins in the market reason been that when bitcoin rises other coins and tokens falls, and when also the bitcoin falls other coins still has no choice but to fall, is it true that bitcoin beat the crypto market?
This is not to say that this is a victory for bitcoin if it grows in price better than others. This is still the choice of people who invest in it and hope for the further price growth of bitcoin and profit from this growth. I do not think that this will happen for a very long time, since bitcoin is already noticeably lagging behind many other altcoins in its development. Market laws will still work the same for all cryptocurrencies. The finest hour of promising altcoins is still ahead.
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The Cryptocurrency is filled up with different kinds of crypto projects and many other tokens and coins to be listed on the exchange soon and many are to be added to the market, but there's one significant thing about the market, it was observed that bitcoin always beating every Altcoins in the market reason been that when bitcoin rises other coins and tokens falls, and when also the bitcoin falls other coins still has no choice but to fall, is it true that bitcoin beat the crypto market?
On a micro level, Altcoins always beat Bitcoin but on a macro range, most of these Altcoin lose to Bitcoin. The reason is that most people are very confident holding Bitcoin than any other Altcoins in the space, this shows in the dominance of Bitcoin, for now it is 58% and there was a time during Altcoin season that the figure was close to 38%. I a bear market you don't want to be a bag holder because most of these Altcoin can lose up to 90% of their value from ATH
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The cryptocurrency market is never stable. The price of all coins in the cryptocurrency market is always fluctuating. And Bitcoin is the best coin in the cryptocurrency market. With the increase in the number of investors, the value of Bitcoin in cryptocurrencies continues to rise. But again, many times when the price of Bitcoin starts to rise. Welcome, the price continues to rise. If the price of Bitcoin continues to rise. Wellcoin prices continue to fall.
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there are many altcoins that are considered as a top altcoins in the market but Ethereum is still in the top because use of smart contract and strength of the project.
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Bitcoin is still a main trading pair in every cryptocurrency market, and that applies mostly to every coin. Therefore, many altcoins depend on the movement of bitcoin or commonly named as market domination. If bitcoin dominance is above 62% then the altcoin price will go down and otherwise. And as you know many traders will move their assets to bitcoin if bitcoin dominance increases.
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Well it doesn't matter if bitcoin beat the altcoins, the important is how you can make profit in crypto market. If you see bitcoin is starting to rise up while the altcoins are slowly going down, the reason is the altcoins holders are converting their bitcoin they just to join the trend and make profit. Sometimes bitcoin and altcoins are growing at the same time..
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This does not mean that Bitcoin beating Altcoins, in the sense that when the Bitcoin price goes up, the Altcoin price goes down or when the Bitcoin price goes down the Altcoin price still goes down. The drop in Altcoin prices is caused because there are no investors and traders interested in these Altcoins, and that usually happens to new Altcoins or lower rank Altcoins. The top-ranking altcoins will of course increase in price, and are not influenced by Bitcoin or any other coin, but by supply and demand.
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Bitcoin regulates the movement in the market, as it is the very first and main cryptocurrency in the world. Bitcoin always wins and altcoins follow it as a master.
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Bitcoin regulates the movement in the market, as it is the very first and main cryptocurrency in the world. Bitcoin always wins and altcoins follow it as a master.
It couldn't be easier to describe, but that's the truth.
Bitcoin is gold, Ethereum is silver and all the others are exchanged depending on the season.
Sometimes the one coin of the respective sector is more important, sometimes the other. You always have to focus on the most important coin of the respective sector and a few others who may be able to take the lead in the sector. If the development of the respective coin stops, the other one becomes more important. That's why we now have the defi's on the advance and the top 50 of 2018 has changed.
But there has always been a constant and there will be, and that is Bitcoin.
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The statement is fundamentally wrong. Bitcoin certainly affects the price of tokens, as evidenced by domination. But there is a significant part of altcoins that grow with Bitcoin, and even when it falls. And this amount will only increase, and the dominance of Bitcoin will fall.
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In fact, everything is quite simple, any altcoin is traded in pairs with bitcoin on the exchange, and when bitcoin falls, then the pair of altcoin with bitcoin, too, everything is natural, so it is considered that bitcoin directs the vector of movement to altcoins.
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The statement is fundamentally wrong. Bitcoin certainly affects the price of tokens, as evidenced by domination. But there is a significant part of altcoins that grow with Bitcoin, and even when it falls. And this amount will only increase, and the dominance of Bitcoin will fall.
You can only apply that to technology but not to assets.
The possibility that another coin will overtake the Bitcoin in the next 4 years is 0.
This is of course my exclusive and subjective opinion, but the opposite has to be proven first.
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You and I beat the crypto market. Crypto is a community thing as more people invest the coinmarket capitalisation and liq increased. Bitcoin is only the most popular coin, gate way to other coins and also most paired in exchanges.
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The Cryptocurrency is filled up with different kinds of crypto projects and many other tokens and coins to be listed on the exchange soon and many are to be added to the market, but there's one significant thing about the market, it was observed that bitcoin always beating every Altcoins in the market reason been that when bitcoin rises other coins and tokens falls, and when also the bitcoin falls other coins still has no choice but to fall, is it true that bitcoin beat the crypto market?
bitcoin is leading up the market not beating up the market itself. as you observe investors traders and newly comers to the crypto world always pick up Bitcoin as their entry to the ecosystem. Bitcoin is know worldwide and it has a huge influence over other currency in the market. the performance of BTC greatly affect those others currencies as they may go in parallel of BTC. take an example, ETHEREUM. when BTC falls so as with this coin and now that BTC has move upward this coin has break is all time high.
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Bitcoin is the most popular and dominant cryptocurrency in the market. Moreover, most altcoins are paired against BTC on exchanges, so whatever happens to it usually take toll on other cryptocurrencies.
It will take lot of awareness and adoption to unbundle altcoins from the grip of BTC.
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Bitcoin is the base currency of the crypto market. Yes, when Btc moves it affects all other Altcoins in value. But Altcoins will also rise when Bitcoin starts consolidating and we can say when BTC dominance starts reducing altcoin dominance start rising.
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Bitcoin is not beating up the crypto market all because it is the most popular part of crypto but yes no other altcoin that is at the level of Bitcoin for now so in a sense it is beating altcoins. However, there should never be a race, in the first place. Altcoins are called as altcoins all because they are considered to be alternative, and they can be playing different roles compared to Bitcoin. We should never be worrying on this. As Bitcoin is having its bull run, there are also altcoins that are making their impressive moves while, of course, there can be those that are still undecided what path to take whether up or down.
I want to tell you that there is always a race, either it or it is not seen and they say that it is not. You know that any person wants to become rich and the people who run altcoins also want to earn money. But if technology can really help change the world.
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The Cryptocurrency is filled up with different kinds of crypto projects and many other tokens and coins to be listed on the exchange soon and many are to be added to the market, but there's one significant thing about the market, it was observed that bitcoin always beating every Altcoins in the market reason been that when bitcoin rises other coins and tokens falls, and when also the bitcoin falls other coins still has no choice but to fall, is it true that bitcoin beat the crypto market?
Mate your question seems confusing, Bitcoin is not beating the Altcoin market, instead, most altcoins are traded to Bitcoin as its base pair, and because Bitcoin is a dominant cryptocurrency in the market including the Market capitalization thats why, if the bitcoin price is falling, of course, its has also a domino effect on some altcoins because it was a dominant cryptocurrency in the market.
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Bitcoin is not defeating the crypto market, but I think it is keeping all crypto markets at bay. Bitcoin is said to be the king of the crypto world, as it helps to develop all the currencies of the crypto world. As the price of Bitcoin fluctuates, so does the price of all Altcoins. So I believe that cryptocurrency other than Bitcoin is not possible.
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This is not to say that this is a victory for bitcoin if it grows in a price better than others. This is still the choice of people who invest in it and hope for the further price growth of bitcoin and profit from this growth.
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We have to accept that the fate of the altcoin still depends strongly on bitcoin, as bitcoin accounts for more than half of the total market cap and bitcoin remains the crypto king:
+ When BTC increases: the excitement of investors increases, more capital is poured into BTC, partly coming from the capitalization of altcoins, which causes the price of Altcoin to decrease;
+When BTC falls: confidence in the market falls, investors sell altcoins to protect profits.
There is only 1 case where altcoins benefit, which is that BTC maintains a good price in the long run. Then, investors will look for new opportunities in altcoins.
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Actually, Bitcoin is not beating the market or altcoins. However, Bitcoin has a big deal to ifnleunce the market. It is because Bitcoin is the king of crypto and most people trust in Bitcoin than altcoins. However, an increasing price of Bitcoin really becomes a good signal for altcoins to have their own period for altcoin sesosn.
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is it true that bitcoin beat the crypto market?
What do you mean? Bitcoin never beats the crypto market, it is supporting the crypto market. With Bitcoin, the crypto market is alive, there are up and down. Yep, Bitcoin price has a role in the crypto market, it can be like the indicator of the current trend to happen. When Bitcoin price is growing fast, it can a sign of the upcoming bullish trend in the crypto market. While if bitcoin price drops constantly, it can be the sign of the upcoming bearish in the near future.
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Bitcoin and Altcoins are connected to each other, and the price of an altcoin is also affected by the price of Bitcoin, but not all. Even with that, Bitcoin can't give 100% effect. The coin/project itself is the most affecting of its price
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Who is beating altcoins?
Well, probably BTC always beats altcoins with its own prediction, increase, and also a bullish trend.
However sometimes, there are also fundamental aspects that we must consider with the decision. In this case, we can go for rescuing our income and avoiding form lose by DYOR and also keep strong for any types of market condition
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Bitcoin has always been on the lead, which means it had been above altcoins and bedsides why all other cryptocurrencies are called altcoins is because there are an alternative to bitcoin. Bitcoin is the father of all cryptocurrencies and somehow it's influence has an effect on altcoins.
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All cryptocurrencies are dominated by bitcoin. No other coin can surpass bitcoin. Other coins in the crypto market are affected by the bitcoin price. So, bitcoin is the king of cryptocurrency that cannot be replaced by other coins
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Yes, there is logic in your words, and I really noticed this, when bitcoin grows all altcoins fall down, this is really a fact, apparently capitalization from altcoins flows into bitcoin, many people invest in it due to the hype around it.
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Bitcoin is the king of cryptocurrency. Bitcoin is arguably the parent of all cryprocureency coins including altcoins. It is unlikely that altcoins will compare to Bitcoin because bitcoin is the most potential and popular in cryptocurrency. If Bitcoin goes up, the altcoin price will fall, but there are some altcoins that are stable and even go up as well. It's all because players or investors are investing more in bitcoin. Because they know they will benefit there, while they leave the altcoins.
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yes as an answer but if i went deeper in the answer i will tell that is all about dominance, when bitcoin dominance starts rising it means all hopes and attention( money) in the market are going into bitcoin which cause altcoins dumping and vice versa when bitcoin dominance starts decreasing, just watch the dominance.
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I think this is true, where Bitcoin is controlling the market indirectly. The price of altcoins also follows the trend that occurs in Bitcoin. So I think this crypto is really influenced by Bitcoin.
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In my opinion, we ourselves are beating the price of altcoins if we are panic, careless, and also only following the hype. Sometimes, the price of altcoins is stably and significantly increasing. However the only because of new fundamental news, the price can rise or down so easily and we are not ready for that is why we panic
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not like that it sounds important, positive thinking certainly changes good results, hopefully what you are holding right now is good for the future with your current coins, of course, don't give up easily
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Basically, Bitcoin was created to simplify the P2P digital payment system, then we saw Bitcoin having some shortcomings such as a limited amount of Bitcoin and speed problems, then the altcoins came to perfect the system that Satoshi Nakamoto hoped for, then we saw there were a lot of altcoins and Until recently, new projects are being developed, it's not a matter of winning or losing, all systems need updating and that's why I would think if Bitcoin didn't exist then would altcoins exist? of course not, because they were all ideas and those ideas resulted in lots of altcoins that everyone can use today
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I believe so. It is like a domino effect of who is powerful or has the control in the market and the one who represent. Bitcoin is the candidates of this position so we can totally think that it is the reason of why we can see read and green season of the altcoins.
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The Cryptocurrency is filled up with different kinds of crypto projects and many other tokens and coins to be listed on the exchange soon and many are to be added to the market, but there's one significant thing about the market, it was observed that bitcoin always beating every Altcoins in the market reason been that when bitcoin rises other coins and tokens falls, and when also the bitcoin falls other coins still has no choice but to fall, is it true that bitcoin beat the crypto market?
You can see the dominance of Bitcoin, and today only 60%. It'smean the rest for the altcoins. As I know I never saw Bitcoin domination touch 80%. So you know what that means
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to me the saying bitcoin rise other coin fall, is not all cases because i have during march/april that bitcoin fall and etherem price rise, so to me is not in all cases BTC is price determinant for other coin.
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Yes, Cryptocurrency is filled up and the price increases and decreases a lot more with crypto project, and there is talk of exchange in Crypto Token and Coin market, and there is a lot of loss and profit during the exchange, so many tokens of Altcoins and Bitcoin are later to scam the tokens. Yes, and so it is said that bitcoin loses a lot of crypto market to make it up and down.
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to me the saying bitcoin rise other coin fall, is not all cases because i have during march/april that bitcoin fall and etherem price rise, so to me is not in all cases BTC is price determinant for other coin.
You are right bro, Bitcoin has an effect but the most affecting thing is from the team of a project
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Bitcoin doesn't beat altcoins or the crypto market. The drop in altcoins is caused by many crypto users prefer to secure their funds when the Bitcoin drops. Or they prefer to get the maximum chance for taking profit in Bitcoin when the price of Bitcoin is rising. So, they move from altcoins to Bitcoin instantly.
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to me the saying bitcoin rise other coin fall, is not all cases because i have during march/april that bitcoin fall and etherem price rise, so to me is not in all cases BTC is price determinant for other coin.
You are right bro, Bitcoin has an effect but the most affecting thing is from the team of a project
Actually, the success of the project depends on the team working relentlessly behind the scenes, the community who are believing to the team efforts, the marketing smooth approach, and the support from everybody's globally. Investors and the team also the use case of Bitcoin are in good chemistry to make BTC boom.
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Bitcoin has never beating the altcoins market. Investors who beating the altcoins market or more precisely the whales. They will usually "pump" the altcoins market, and when the time is right, they will "dump" their coins. It's the whales trick.
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Nothing can beat anyone in the crypto market, Bitcoin has a lot of support from Holders and investors, Altcoins have grown rapidly through a lot of experience, we can see Bitcoin and altcoins filling the gap and we will always see many altcoins with products that support Bitcoin and altcoins others in the future
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Being the rank #1 it means dominant over the whole cryptocurrency. Bitcoin knows as the digital gold in our era. If you have gold it will increase the value. If you have Bitcoin it will increase the value in the right time. Buy Bitcoin now and hodl is even one of the best investment to do.
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I agree. That is why many investors always choose bitcoin over altcoins and the more people are coming to bitcoin the more the price is going uptrend causing the altcoins being left behind.
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Bitcoin growth and volume shows the interest and buying in the market so eventually price of alts will grow too after btc because btc is like an entry to crypto market so it definitely has its impact.
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Bitcoin is a great coin and all altcoins follow, so that's okay. And I think this will always continue with the exception of some coins that will not depend on him.
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Bitcoin is a great coin and all altcoins follow, so that's okay. And I think this will always continue with the exception of some coins that will not depend on him.
This will not always be the case. The market will mature over time and free itself from Bitcoin's addiction. It is absolutely abnormal for a decentralized market to have a rigid price dominance of one coin. There are several ways to solve this problem. Over time, the market itself must solve it.
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Yes! You are saying right. In every move ( upward,downward) the altcoins dump. Altcoins pump when the Bitcoin is stable and move in a price range. Bitcoin is the King of the cryptocurrency market. that's why all altcoins are dump or pump when the Bitcoin price move.
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Bitcoin price volatility makes altcoin price movements continue to follow Bitcoin, this trend will always occur when Bitcoin's market capitalization dominates the cryptocurrency market.
There is nothing to worry about when altcoin prices follow bitcoin price movements because everything will return to high prices when the amount of altcoin demand increases.
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The Cryptocurrency is filled up with different kinds of crypto projects and many other tokens and coins to be listed on the exchange soon and many are to be added to the market, but there's one significant thing about the market, it was observed that bitcoin always beating every Altcoins in the market reason been that when bitcoin rises other coins and tokens falls, and when also the bitcoin falls other coins still has no choice but to fall, is it true that bitcoin beat the crypto market?
You already said it all, btc is in charge of the whole entire crypto market movement, when btc is up and pumping other alts do the same sometimes or do the opposite other times, people often says when btc dominance has reduce to some certain level alts will begin to rise but that is not the case from my point of view. Btc has no competitor.
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bitcoin as a benchmark for all altcoins and crytocurrency currencies is like a hole in the tire as the tip of a spear when the wind grows into the tire will be even bigger all the contents in it is like bitcoin where all coins become one goal
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In my opinion, what is able to beat the price of altcoins is the market price of Bitcoin. This is one of the long-standing market trends, where Altcoins will follow the Bitcoin price.
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Of course, Bitcoin was and will always be number one. And if this Big boss shows a U-turn, all altos instantly react to this and fly down! In my opinion, Bitcoin is not replaceable. ;D