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Author Topic: Are the Altcoins the cause of reduction in the value of Bitcoin?  (Read 174 times)

Offline Ikkelins

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Some people speculate that the numerous altcoins that are being generated are the cause of the fall of bitcoin because investors these days are chasing the altcoins and when this happens there is an decrease in demand but a rather increase in supply which finally result in cheaper prices. Is this the case or something else is causing the value of bitcoin to reduce because it seems to be sinking to hell!!!
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Offline Jimmy9ja

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Re: Are the Altcoins the cause of reduction in the value of Bitcoin?
« Reply #1 on: July 31, 2018, 02:19:17 PM »
The real truth is they cannot be the course of price or value drop of bitcoin course they are merely trusted but the trust have been given to bitcoin

Offline iromeare

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Re: Are the Altcoins the cause of reduction in the value of Bitcoin?
« Reply #2 on: August 05, 2018, 03:33:27 PM »
Altcoin is not the cause of bitcoin reduction

Offline Bitz

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Re: Are the Altcoins the cause of reduction in the value of Bitcoin?
« Reply #3 on: March 12, 2019, 11:06:34 PM »
I never heard that altcoin's price reduction can drop the value of Bitcoin, both from experts or newbies. Bitcoin seems to be independent and doesn't depend on any altcoins. So, when the prices of altcoins go down, it may be no impacts on Bitcoin value.
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Offline The Journalist

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Re: Are the Altcoins the cause of reduction in the value of Bitcoin?
« Reply #4 on: March 13, 2019, 02:43:37 AM »
It's will be most unfortunate for anyone to hold this kind of opinion on the reason for the crash of Bitcoin price because altcoins don't decide what happens with Bitcoin. Rather, it's the other way round. Bitcoin sets the pace for altcoins.

Offline Rituvohra01

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Re: Are the Altcoins the cause of reduction in the value of Bitcoin?
« Reply #5 on: March 15, 2019, 07:13:54 AM »
I never heard this that the altcoins are the cause of reduction in value of Bitcoin. I always read on different forums that the value of Bitcoin affect the altcoins.


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Offline Jati

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Re: Are the Altcoins the cause of reduction in the value of Bitcoin?
« Reply #6 on: March 15, 2019, 12:40:35 PM »
The price of bitcoin reduction/decreasing because investor come out from bitcoin / make profit when in high price. If bitcoin decreasing, altcoin also decreasing so, i think decreasing bitcoin it not caused to much altcoin come every year
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Offline ryap12

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Re: Are the Altcoins the cause of reduction in the value of Bitcoin?
« Reply #7 on: March 15, 2019, 12:43:59 PM »
I know some altcoins are affecting the bitcoin price to go low because the invested funds went to the altcoins instead of bitcoin and at the same time, there are altcoins too that pushes the bitcoin price to go up as they are used for trading pairs or use to make payments for tokensales.

 

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