Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has no competition
by
aubert
on 04/01/2017, 12:38:51 UTC
I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.
Agreed.
Most people, along with myself, probably feel the same way, and use altcoins for the same purpose. The altcoin rate of change is much faster than bitcoins. While risky, the profits can present themselves much quicker than investing with bitcoin. But at the end of the day, all of that profit goes directly back into Bitcoin
altcoin rate of change is much faster than bitcoin because higher price and volume is smaller compared to other cryptocoin
Exactly, the more lower volume the easier those whales could control its price, for example an altcoin that having 24 hours volume with only 10 bitcoin when a whale suddenly came and pumping it with only 5 bitcoin which is half of the current 24 hours volume then the price could probably increasing about 100% or even more. And altcoin sometimes could lost its trust by their holders so it's more volatile compared to bitcoin