Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❕NEWS Bitcoin is getting Outperformed by Altcoins

microunit

Sapphire Member
LV
1
 
Joined
Nov 27, 2019
Messages
7,541
Reaction score
289
Points
170
Awards
6
BMF Points
$805
Rating - 0%
0   1   0
As the titles says BTC is getting outperformed, by altcoins like ethereum (ETH) and chainlink (LINK) . As bitcoin's volatility hits lowest since late 2018. Also trading volume for bitcoin has drastically reduced for both USD and USDT by an average of 50% and this can be seen from the downtrend that bitcoin has been lately.
 
Some of the not so well- followed altcoins have had good increases over the last few weeks. I bought Cosmos at $2.50 2 weeks ago and today they are over $4.10. Tron has gone from $0.016 to $0.018. There are many others.
 
Some of the not so well- followed altcoins have had good increases over the last few weeks. I bought Cosmos at $2.50 2 weeks ago and today they are over $4.10. Tron has gone from $0.016 to $0.018. There are many others.
yep I agree, storm token has solid increases too in the last months. Some other minor altcoins also have major increases as those coins have less players or users that are using them thus every action of the individual kinda makes a big impact
 
Regardless, Bitcoin is still the most valuable Crypto around. And I still believe that Bitcoin can break the 10,000 USD line somewhere in this year.

because Bitcoin market is already saturated.

There's no such thing as "saturation" in Bitcoin market.
 
In my opinion, the best coin to invest now is altcoins because Bitcoin market is already saturated. Elon musk once said that "to make a difference in anything you should go against the tide"
I'm not sure if saturation does even apply in bitcoin as it is the most widely known and use cryptocurrency , and there are alot of altcoins out there, which specifically are you pertaining to?
 
No altcoin can take over bitcoin in the nearest future because of the already integration of bitcoin into the major currencies of the world. It's going to remain the number one coin for a very long time

Sure, bitcoin is still the most used crypto in the world, but this thread is more about the price fluctuation and gains that altcoins get recently.
 
I don't think any one is advocating for altcoins taking over bitcoin but the fact is it has been more profitable trading altcoins compare to bitcoin lately because of their price fluctuations.
 
No altcoin can take over bitcoin in the nearest future because of the already integration of bitcoin into the major currencies of the world. It's going to remain the number one coin for a very long time
we never know, as there might be altcoins that will have better features than bitcoin and will have alot of companies backing it, but chances of that happening is very rare
 
i believe the high value of BTC that makes people unable to purchase it, so they go for the cheapest alternatives that they have hope in that they will increase in the future, just like what happened to BTC
 
I don't think any one is advocating for altcoins taking over bitcoin but the fact is it has been more profitable trading altcoins compare to bitcoin lately because of their price fluctuations.
Yeah, you are very correct Bitcoin prices have been on the downside for sometime now and all these altcoin prices have been going up which is making a lot of people invest in these altcoins.
 
At a point if the demand for altcoins become very high their transaction fee will go higher likewise their price , people will shift back to bitcoin again and the market keep cycling.
 
From what @De-rector has said it obvious that every coin has potentials , I feel the reason why fee is kinda higher between wallet it another wallet like trust to coinomi might be that the number of bytes or hop counts are higher compared same wallets
 
Wow. Quite a good analysis there. Should we call it the "De-rector cycle"? lol. Why do transaction fees vary from wallet to wallet?
The network connections are basic reasons that makes the fee to be high as you may know that the bitcoin blocksize is just 1 MB which is 1 blocksize per 10minutes for confirmation.
 
Altcoins are being trade and used too much by the members of crypto world but in the end bitcoin remains the boss with it's high price.
True , this is not arguable , however o have made much interest on altcoin than I have made with bitcoin . Altcoins are good for short time investment .
 
Altcoins are being trade and used too much by the members of crypto world but in the end bitcoin remains the boss with it's high price.
Good number of people uses bitcoin more than altcoins ,did you know that majority of people who join the Crypto currency league knows bitcoin before other coins.
 
Good number of people uses bitcoin more than altcoins ,did you know that majority of people who join the Crypto currency league knows bitcoin before other coins.
This is true , bitcoin is the chief of all cryptocurrency however people after coming to cryptocurrency has also invested more on altcoin than in bitcoin .
Bitcoin is in a stage where little gain is made with little investment as compared to worth is made in altcoin with little investm
 
Drop in price bitcoin has caused altcoins to come in competition with it. It is the best time for alt coins to attract more people and earn popularity.
Altcoins no matter how they rise will still be behind bitcoin which is the chief of all cryptocurrency .
However , now is the right time to invest in altcoins
 
You know most of these performing altcoins are relatively new and cheap to purchase. It makes their value increase due to their potentials to investors. Altcoins also lose value quickly and go below -200%
You are right, altcoin can rise to 50% but when it starts to depreciate, you will see it around - 100 to 300% within one week, this it is a risky investment too.
 
This is the whole essence of diversity where you invest in both the known and smaller coins. The truth is that at a point any of them can do better. I have in stock different altcoins that will help me make profit when any of them rises in price. like now investing in Solana an Shiba will be worthwhile.
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.