Post
Topic
Board Economics
Re: Bitcoin or altcoins
by
strunberg
on 28/03/2022, 11:04:08 UTC
Yes, the crypto market is not fixed in one place depending on the price of bitcoin the price of other altcoins continues to rise. Cryptocurrency allows individuals to make payments using their digital currency with market analysis they can use them for trading, retaining and storing value and of course using currency.
mostly altcoin price moved based on bitcoin direction, bitcoin dominate cryptocurrency price movement and its dominance rate could  rise or drop depend on fundamental.at this moment we could use bitcoin as assets  investment or payment in several merchant which is spreaded across the world.

Sometimes, when I think about difference between Bitcoin and altcoins, I like to draw parallels to originals car spare parts and alternative spare parts. Alternative parts have different price categories, from low budget to premium, they can have different quality. But no matter what kind of spare parts you use, using original are always better. Even though alternative premium spare parts can "work" longer.
i think we are not talking about original or not. based on your describtion , i see altcoin as artifical currency in crypto market. bitcoin and altcoin has different definitian and fundamental.we are admit bitcoin as major or mother currency at market , but it doesnt mean as original coin.