Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: kangug24 on September 27, 2018, 06:37:32 PM
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Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
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Almost altcoins have their base coin so its really hard for them to be independent. And regarding the pair thing I believe its not possible for a certain coin to be separated on their pair because it serves as their own value to make it easier for us to know their value.
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Many exchanges already now add trading pairs with various fiat currencies - the dollar, ruble, hryvnia, etc., so your opinion that the altcoyins are tied to bitcoin is not entirely true. Another thing is that the bitcoin price sets the trend in the market, but this is only because half of all market capitalization is on it.
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Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
I do not see that happening. I think that can only happen when bitcoin is dead but who knows, it all depends on the sentiment of the market.
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Many exchanges already now add trading pairs with various fiat currencies - the dollar, ruble, hryvnia, etc., so your opinion that the altcoyins are tied to bitcoin is not entirely true. Another thing is that the bitcoin price sets the trend in the market, but this is only because half of all market capitalization is on it.
Absolutely agree with you. Altkoins can already exist on their own at this stage. Trading pairs on exchangers are used for the convenience of transition to the more known crypto currency and fiat, not more. If the exchangers will establish a direct exchange of lesser known types of crypto currency into ordinary currency, it will be very good. This will greatly simplify the practical use of crypto currency.
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Just like the US dollar, bitcoin has been the primary crypto currency that all other cryptocurrencies measure against it. That does not mean that the Altcoins depend entirely on it but it is serving as a unit of measurement since there must be a standard to use for all measurement. Sometimes fiat currencies, ethereum, tether, etc are used but as I said BTC is the primary one. It's very difficult to pinpoint with certainty how bitcoin price affects Altcoins though generally it does. Altcoins do not entirely depend on bitcoin for their survival, that means they can and are independent.
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it could be, I'm sure ETH can beat bitcoin in the future, because eth already has a lot of investors behind it, and look, almost all new token projects use eth when doing ICO, even all I think. and we just wait until eth proves that.
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Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
I think not all of altcoins could be independent.after all most of them were based off on Ethereum. thats why not all coins can survive on its own
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it is impossible for certain coins to be separated from their partners, because it serves as their own value to make it easier for us to know its value.
Almost altcoins have their base coins so it is very difficult for them to be independent.
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Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
Not at this point. As you have said, trading pairs are based on Bitcoin so its impossible for gets to get away from the shadow of Bitcoin. The only thing in can happen is that Bitcoin died, the price literally goes to zero. But we all know that's impossible so the correlation will continue as long as bitcoin exist.
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Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
Bitcoin is the King of crypto currency, The bitcoin price affects the value of all crypto. I think altcoins can be independent when the demand of altcoins is high.
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It could be possible ,if crypto will still get strong for many years and get stabilized market. But for now, altcoins still depending on bitcoin trend in the market as they have a strong tie up at this time.
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Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
I believe that they willnot be able to be independent, what i see is that they are inter-related just like market is also control by what happened over the world and bitcoin is the world to altcoin.
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Altcoin can run as an independent currency without bitcoin. But in my opinion the price of the altcoin will always be based on bitcoin because bitcoin is the father of all coins.
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I don't think Altcoin can stand on its own because the exit of the token or coin is paired and can find out how much the value of the token is in the market so that the treder is easier to run
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All currencies in the world depend on something - the same thing takes place with crypto. It' almost impossible for it to be fully independent as it is the process how the market live on the whole.
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I think it is possible if bitcoin is used by many users, but maybe it also takes a long time.
Because all altcoins now always follow the price of Bitcoin.
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I can't answer it exactly. Even though in fact, the Bitcoin Market greatly affects Altcoin, but Altcoin itself will be able to be independent as long as it can break the connection with Bitcoin, which is currently unstable. It would be good for Altcoin if Altcoin can be independent and run its own market without the influence of other coins in the Crypto world.
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Yeah, It will be really hard for the altcoin to be independent because they are following the bitcoin. Bitcoin is now all altcoins primary currency that's why they will keep following it's price. But I think maybe in near future they can be independent without their mother btc.
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Bitcoin has become the main crypto currency used by all other crypto currencies. That does not mean that Altcoin depends entirely on it but it functions as a unit of measurement because there must be a standard used for all measurements.
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Can. Provided Bitcoin can go and not return. With that Altcoin is no longer dependent on Bitcoin and the Altcoin market can be free from influence on the Bitcoin market. On the other hand, Altcoin will be flooded with new users coming from Bitcoin and it is very profitable.
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yes of course it can happen we all just wait for time to be like that. altcoin will be able to make itself have its own network.
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Now it’s changed most of the altcoin traded using different fair most famous are usdt and ether after bitcoin even binance added bnb so now altcoins value not completely lately dependent on bitcoin. Even some coins having their own blockchain sbd better solution than bitcoin . More over some exchanges introducing fiat trading option for altcoins this may change Whole perception of altcoins.
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Absolutely, Any altcoins can be independent without depending on bitcoins for its price or value. Alternative currencies derive its value from what the project is meant for. A gaming coin, can get it price from the demand of the coins to play a game, and if there is a limited supply of that coins and more people demand that coins for gaming, the price will increase without bitcoins having no effect on it.
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Can. Altcoins can be independent if Bitcoin disappears. If at present it is very unlikely that Altcoin can be independent because Bitcoin still exists. And that's because Bitcoin greatly affects the state of the Altcoin market. If Altcoin succeeds independently, it will be good because many investors will enter each day.
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Actually altcoins can survive without bitcoin. However, we are all oriented about the system that bitcoin is the source of altcoins or the backbone of the market.
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The possibility of altcoin can stand alone is rather difficult. Because the highest trust is obtained from bitcoin as the king of crypto. Even about price, bitcoin has a strong influence on the value of altcoins.
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Independent from that? Bitcoin? Not right now for sure. Price of any coin depends on interest of people, if coin is hyped then price go up, when hype goes down with the price
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I guess it won't be. Bitcoin leads the market which is the very advantage to bring the entire land to wherever it goes. Bitcoin directed the flow that altcoins cannot resist. Altcoins will become independent once bitcoin was confirmed dead.
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Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
I think when the demand of altcoin is so high. The price of altcoins will independent and more stable.
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It will take a really long time for this to happen. Btc has taken the lead now and it is the most popular coin. Pairing bct with altcoins has become the commonest and not until any coin overtake Btc, of which will be difficult, Btc will always control the market
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It will take a really long time for this to happen. Btc has taken the lead now and it is the most popular coin. Pairing bct with altcoins has become the commonest and not until any coin overtake Btc, of which will be difficult, Btc will always control the market
right, i also agree with you.
i don't think there will be an altcoin that is capable of being independent, bitcoin is still dominating the altcoin and that will happen next.
there are indeed some altcoins that can pump themselves, but what i see doesn't last long. in the end the altcoin still depends on bitcoin.
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if altcoin decides with bitcoin and becomes its own currency I think it is very hard because of the lack of investors and I think altcoin that relies on bitcoin will get value and will continue to survive in the market
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They are doing this in fact when you think about it in a technological way. But when the issue is selling and buying coins, the general opinion is making it through the bitcoin. Some centralized exchanges are selling coins over fiat currencies but this is needed for the market to have more volume.
So, it only can happen if it is possible to buy any coin via fiat. Here is another problem. Now you are related to fiat instead of bitcoin.
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Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
The dependence of altcoins on bitcoin does not come from trading pairs. Even if there are no trading pairs between Altcoins and Bitcoins, Bitcoins will still dominate the price over other types of cryptocurrency. This dominance is possible because bitcoin has a very high level of capitalization. This circumstance is decisive in price dominance.
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I think it's impossible because all coins are traded in relation to bitcoin. This can be possible if bitcoin will disappeared. Again BTC is the most stable coin and it impossible too)
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I don't think I can. Because bitcoin is a partner that will never be separated from the altcoin.
And all know that bitcoin is the king of all coin. All coin price that determine bitcoin. If bitcoin rises in price, all coin will also rise.
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No coin can be independent, even Bitcoin that father of cryptocurrency is not independent. Bitcoin cannot stand alone, it must pass to USD for effective usage.
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They are already and independent coin no one not even an investors or government are In control of crypto that's why it's a decentralized currency.
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I think it can be independent, but I don't see altcoins will break its relationship from bitcoin. Bitcoin and altcoins will be always connected one another, this relationship makes they develop together. If bitcoin value rises, altcoins values will rise as well.
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It is impossible because Bitcoin for crypto is like USD for fiat currencies.Аn overwhelming majority of assets can only be exchanged for Bitcoin, they are directly dependent on the situational Bitcoin price.The majority of Blockchain projects and alternative digital currencies are in a one-sided dependency relationship with Bitcoin.
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Can. Altcoin can be independent and can set its own market situation without the existence of Bitcoin as long as Bitcoin can be destroyed. At the moment there is one altcoin that is slowly starting to be free from the influence of Bitcoin, namely Ethereum. Ethereum is the only coin that dominates the ICO, so the price of Ethereum depends on the ICO not on Bitcoin, it can be called Ethereum is the king of the ICO. But hopefully all Altcoins can be free from Bitcoin and become independent.
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I think all alitcoins will always follow the price of Bitcoin, independent coins can only be those that have already established themselves on the market as an example of such ethereum coins.
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Actual altcoins can survive with out bitcoin. but, we're all oriented about the device that bitcoin is the source of altcoins or the backbone of the marketplace.
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Bitcoin has a huge fans all over. For an altcoin to be successful it has to depends on it parent, I .e BTC. When pair with BTC it get more attention from traders