Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: yousufatik on October 06, 2018, 10:41:45 AM
-
A question arises when we think of the possibilities that the leading cryptocurrency bitcoin is related to other altcoins such as ETH, doge, litecoins and etc. Bitcoin price directly influence the other altcoins. but their relationship is not that predictable. One interesting thing to find out is whether ALTCOINS with the same state has a value relationship. It is when we analyze if there is a direct and indirect proportion between two altcoins that we compare especially, their market value. ICO's goal is to create a new Altcoin. This concept might affect the relationship of their value since, investors are fixed with their desired ICO, there would be a low investment to the coin offering because of the increasing number of ICO and altcoin. Investors are divided meaning to say that not all of the ICO would have the opportunity to succeed.
What might be the factor that affects the value of an altcoin?
What makes an altcoin value increase? as well as decreases?
How could we determine the relationship between altcoins? as well as their relationship to bitcoin?
-
In my opinion, often the price of altcoins is influenced by the news background, there were cases when there were enough several publications, hints,rumors began to creep and the price could immediately rise 10 times. So it was, for example, with TRX (TRON) in late 2017 and early 2018. Large drops can trigger the negative news, the moment when early investors or bounty hunters receive coins in the wallet. But this is all in theory, often the news almost does not affect the course of altcoins.
-
This post you mention does seem interesting and I hope someone finds it. In the meantime, regarding the relationship between bitcoin and alt-coins...
I've been slowly developing the opinion that the alt-coins are simply going to provide extra liquidity. As bitcoin transactions become more expensive because of the bloating of the blockchain and the demands on the network to process an increasing number of transactions per second, alt-coins will fill the gap for smaller, cheaper, transactions.
I can envision a world where a bitcoin transaction might carry a mandatory fee of, say, .001 BTC (keep in mind, cavirtex already charges this amount for withdrawls) If bitcoin someday is worth $100,000 this would amount to a minimum fee of 100 dollars per transaction, meaning buying a coffee with bitcoin would be a very expensive proposition. I foresee the alt-coins as filling the gap and providing layers to facilitate all nature of transactions, but bitcoin will remain the gold standard.
Please note: My "slowly developing opinion" is not fully formed and I would welcome any debate on this subject.
-Thank you.
-
Since the emergence of the system there is a direct proportion between them.I think they will all act independently from one another in the future.That's when the system will become safer for investors.