Post
Topic
Board Bitcoin Discussion
Re: No other currency
by
blckhawk
on 15/10/2019, 10:50:37 UTC
What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?
If altcoins were never made, I suspect that bitcoin would not grow so much either. Part of the altcoin trading is that altcoins are used to be exchanged from and to bitcoin, then to local currencies. If altcoins did not exist, demand for bitcoin and awareness of people is lesser than we had today. Who would want to buy something that cannot be seen and can only be traded to USD or your local currency? People would just trade in Forex instead. That's why altcoins still has part on where bitcoin today is.