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Topic: Bitcoin Boom to $100K Will Destroy Altcoins (Read 1977 times)

legendary
Activity: 2534
Merit: 1338
January 18, 2020, 12:22:40 PM
It's clear that Bitcoin won't grow so fast to $100k, and when it does, it's clear that alts will grow with it, and Bitcoin won't destroy alts in that case.
I will not be so sure that is the scenario that we are going to see, it is entirely possible that if bitcoin happens to go through a bull run and altcoins do not move at all because people are not going to be interested to invest in them especially when bitcoin is giving so huge profits, I know this is hard to believe but we saw something similar happening during last year in which even if many altcoins went up in value in terms of dollars they went down in terms of bitcoin.
legendary
Activity: 1638
Merit: 1042
Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.

https://dailyhodl.com/2019/05/06/bitcoin-boom-to-100k-will-destroy-altcoins-predicts-crypto-firm-btc-ethereum-xrp-litecoin-forecast/

I think only some useless altcoins will die.

Do you think all altcoins will die if bitcoin reach $100k?



why should that happen?
whether the bitcoin rises or falls has only partly something to do with the existence of altcoins.
so a statement like the alts die when the btc reaches 100k is absolutely unfounded. Lips sealed
sr. member
Activity: 1372
Merit: 259
I think BTC has all chances rich 100k in this year (may after halving closer end of the year). But it will not destroy alts. With BTC bullrun a lot of new investors will come to market and start pump alts too.
sr. member
Activity: 719
Merit: 250
It's clear that Bitcoin won't grow so fast to $100k, and when it does, it's clear that alts will grow with it, and Bitcoin won't destroy alts in that case.
legendary
Activity: 2534
Merit: 1338
Maybe it is the truth! Bitcoin dominance will cross 90%  if Bitcoin price hits 100K USD, but not every altcoin will crash, the reputed one will have strong supporters then. Bitcoin can't do it alone, so (we need altcoins too. I think ETH, LTC, EOS, NEO, XLM, BNB, and some others will remain strong and their price will be huge too! But most of the altcoins will lose people's interest and will go in vain!
There was a time in which the bitcoin dominance was above 90% and if I remember correctly many good coins already existed at that time so it is not something impossible to achieve especially since people have lost confidence in the altcoin market and if bitcoin was really trying to reach 100,000 dollars then it is completely understandable that people are going to sell their altcoins to try to join the rally that at that time bitcoin will be enjoying, so I think it could be possible that something like that actually happened.
sr. member
Activity: 1372
Merit: 269
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Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.

https://dailyhodl.com/2019/05/06/bitcoin-boom-to-100k-will-destroy-altcoins-predicts-crypto-firm-btc-ethereum-xrp-litecoin-forecast/

I think only some useless altcoins will die.

Do you think all altcoins will die if bitcoin reach $100k?


There is a possibility that this statement is true and might happen because the pumped of bitcoin before seemed to be doomed for other altcoins. Most of huge investors sell their coin just to exchange with bitcoin. Imagine, if it rise up to 100K usd then definitely more whales to come up. However, there are still altcoins that will survive. Specially, if they pump also by their own supporters.
hero member
Activity: 1008
Merit: 501
Maybe it is the truth! Bitcoin dominance will cross 90%  if Bitcoin price hits 100K USD, but not every altcoin will crash, the reputed one will have strong supporters then. Bitcoin can't do it alone, so (we need altcoins too. I think ETH, LTC, EOS, NEO, XLM, BNB, and some others will remain strong and their price will be huge too! But most of the altcoins will lose people's interest and will go in vain!
full member
Activity: 742
Merit: 101
not at all..altcoins most likely will hype as well when bitcoin price is up.. that's the only time they can recover and those altcoins are dependent on bitcoin price..
sr. member
Activity: 1078
Merit: 354
December 28, 2019, 02:09:09 AM
Quote
Bitcoin Boom to $100K Will Destroy Altcoins, Predicts [random 'expert']

Obviously I'm not an expert, but still these predictions from random people are a bit irritating. And 'crypto venture capital firm led by Wall Street veteran' actually means 'venture capital firm led by Wall Street veteran, who is now getting involved in crypto'. He makes no acknowledgement of use-case at all, it's purely price-based, which is nonsense. Crypto hinges on use-case, it's not just abstract assets with no purpose beyond speculation (well, apart from BCH :p ). If he really thinks that bitcoin, or any one coin, will miraculously be able to fulfill every use-case better than any other coin, then he has no understanding of how wide and extensive crypto use-cases can be, and so I would treat his predictions as nonsense.
sr. member
Activity: 1666
Merit: 276
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December 27, 2019, 07:37:27 PM
Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.

https://dailyhodl.com/2019/05/06/bitcoin-boom-to-100k-will-destroy-altcoins-predicts-crypto-firm-btc-ethereum-xrp-litecoin-forecast/

I think only some useless altcoins will die.

Do you think all altcoins will die if bitcoin reach $100k?


I am pretty sure that 98% of altcoins will Die anyway. no matter if Bitcoin Price increase to that point or not. Altcoins are going to die. maybe some major altcoins manage to survive. only 1% or 2%. and rest of them will vanish.
and I think Bitcoin will a lot of time to reach $100k. maybe it take 2 to 5 more years. that's my point of view.
I also agree with your opinion, the chance for the altcoins is very low. From the statistical probability theories, the probability of surviving in the bear market is less than 10% according to my own research based on the tehcnical&fundamental analysis. The $100K BTC price means the market will turn its colour to green for a long time after the bear market but I doubt the altcoins will follow the BTC.
Maybe altcoins that doesn't have good volume might gets vanished, but the chances were very low in my opinion. If there happens a situation where bitcoin reaches $100k surely the trend will be followed by the altcoins, but this will get limited within specific margin. Beyond that the growth gets terminated. Each and every altcoin that are in the top are updated with the network which means those altcoins will serve the users and won't go vanished upon the Bitcoin's growth.
legendary
Activity: 1876
Merit: 1003
December 27, 2019, 01:17:03 PM
Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.

https://dailyhodl.com/2019/05/06/bitcoin-boom-to-100k-will-destroy-altcoins-predicts-crypto-firm-btc-ethereum-xrp-litecoin-forecast/

I think only some useless altcoins will die.

Do you think all altcoins will die if bitcoin reach $100k?


I am pretty sure that 98% of altcoins will Die anyway. no matter if Bitcoin Price increase to that point or not. Altcoins are going to die. maybe some major altcoins manage to survive. only 1% or 2%. and rest of them will vanish.
and I think Bitcoin will a lot of time to reach $100k. maybe it take 2 to 5 more years. that's my point of view.
I also agree with your opinion, the chance for the altcoins is very low. From the statistical probability theories, the probability of surviving in the bear market is less than 10% according to my own research based on the tehcnical&fundamental analysis. The $100K BTC price means the market will turn its colour to green for a long time after the bear market but I doubt the altcoins will follow the BTC.
hero member
Activity: 1456
Merit: 501
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December 27, 2019, 10:15:57 AM
Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.

https://dailyhodl.com/2019/05/06/bitcoin-boom-to-100k-will-destroy-altcoins-predicts-crypto-firm-btc-ethereum-xrp-litecoin-forecast/

I think only some useless altcoins will die.

Do you think all altcoins will die if bitcoin reach $100k?


I am pretty sure that 98% of altcoins will Die anyway. no matter if Bitcoin Price increase to that point or not. Altcoins are going to die. maybe some major altcoins manage to survive. only 1% or 2%. and rest of them will vanish.
and I think Bitcoin will a lot of time to reach $100k. maybe it take 2 to 5 more years. that's my point of view.
All altcoins will fall into a state of near death, instead of dying completely as you say when the value of bitcoin reaches too high because bitcoin is the main root of all altcoins, the relationship is extremely special, and when this stem needs nutrients to go higher and farther, it will certainly use small tree roots to suck nutrients, altcoins are those roots, it will not die but must work over capacity. Such a tragedy could be called hell in the crypto market, no longer able to keep people from staying, so investors will try to keep a balance if they want to keep making money, instead of creating such a scene, that's my opinion
hero member
Activity: 1232
Merit: 683
Tontogether | Save Smart & Win Big
December 27, 2019, 08:25:08 AM
Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.

https://dailyhodl.com/2019/05/06/bitcoin-boom-to-100k-will-destroy-altcoins-predicts-crypto-firm-btc-ethereum-xrp-litecoin-forecast/

I think only some useless altcoins will die.

Do you think all altcoins will die if bitcoin reach $100k?


I am pretty sure that 98% of altcoins will Die anyway. no matter if Bitcoin Price increase to that point or not. Altcoins are going to die. maybe some major altcoins manage to survive. only 1% or 2%. and rest of them will vanish.
and I think Bitcoin will a lot of time to reach $100k. maybe it take 2 to 5 more years. that's my point of view.
sr. member
Activity: 1056
Merit: 251
December 27, 2019, 08:19:47 AM
Many said in 2017 that Bitcoin would cost $100k in 2020, but it seems to me that Bitcoin can only grow to $100k in decades.
TWW
full member
Activity: 1456
Merit: 109
December 26, 2019, 10:41:51 PM

There is no reason to ignore the technical analysis at this point, market research shows the power of technical analyse. The market trends can be measured in trends and the best way to find the trend is the technical tools. Everything is possible with your logic, in this case.
but what we have to know is that even technical analysis cannot provide 100% success.
the market has growth that even we cannot predict with technical analysis. all happens with a market will. prediction is only a speculation based on our analysis. something might happen, it might not happen. we still have to prepare for all that.
legendary
Activity: 1736
Merit: 1000
Truly decentralized stable asset
December 26, 2019, 07:59:23 PM
not all altcoins will die. maybe history like 2017 will repeat itself. right now I think big altcoins might like ethereum, xrp and others will still be able to survive if altcoin is priced at $ 100k but altcoin with low prices, low volume and also less interested. will definitely fall
Altcoin will loss its value and it's possible. You must not take the old history of the altcoin as a good information to determine where will the market be going on as so many experts have been doing the same and they are all getting failed to predict where is the direction of the market.
altcoin will loss its value, it is possible
altcoin will increase its value, it is possible too

if we dont take from history, then what is function of technical analysis?
if some people fail, it doesn't mean all people failed too.

every analysis is to predict almost right, not to be 100% right. that's what should we know
There is no reason to ignore the technical analysis at this point, market research shows the power of technical analyse. The market trends can be measured in trends and the best way to find the trend is the technical tools. Everything is possible with your logic, in this case.
sr. member
Activity: 658
Merit: 251
December 26, 2019, 05:48:28 PM
not all altcoins will die. maybe history like 2017 will repeat itself. right now I think big altcoins might like ethereum, xrp and others will still be able to survive if altcoin is priced at $ 100k but altcoin with low prices, low volume and also less interested. will definitely fall
Altcoin will loss its value and it's possible. You must not take the old history of the altcoin as a good information to determine where will the market be going on as so many experts have been doing the same and they are all getting failed to predict where is the direction of the market.
altcoin will loss its value, it is possible
altcoin will increase its value, it is possible too

if we dont take from history, then what is function of technical analysis?
if some people fail, it doesn't mean all people failed too.

every analysis is to predict almost right, not to be 100% right. that's what should we know
full member
Activity: 1708
Merit: 105
December 26, 2019, 04:01:58 PM
Is it clear that BTC will reach 100k one day? Maybe it never reaches to 20k again. So far we have seen that whenever BTC rises, alt coin also rises and same will be seen if BTC touches 100k eth will touch 20k.
Bitcoin at some point will surpass its all time high, it is just a matter of time so the only thing that you have to worry about is if you are still going to be holding your bitcoins when that happens, but it is really doubtful that if bitcoin reaches 100000 ethereum will reach 20000, the supply of ethereum is simply too big and even worse there is not a limit to the amount of ethereums that are going to be created so in a way ethereum is not really that different than any other fiat.
We admit that Bitcoin is the king of all coins circulating in crypto, but we must also realistically accept the fact that is it possible that bitcoin can touch up to $ 100K? This seems to be able to hold back because a value of that magnitude is very difficult to achieve because many obstacles will occur to be able to reach that much, who does not want bitcoin to be worth that because it can be sure to boost other altcoins.
hero member
Activity: 2002
Merit: 516
December 26, 2019, 12:42:10 PM
I don't think all altcoins are going to die if ever Bitcoin goes up to $100K. And even bitcoin does not reach that point, if the altcoin is really bad, it is just going to die out sooner or later. Developing coins and good altcoins will continue to stay in the competition as well.

In one statement you write that all altcoins will die and that they will remain to be competition.  Roll Eyes

If the price of Bitcoin increases to $100k, then certainly the prices of many altcoins will also go up very high. People will still be looking for a coin to earn as much as on Bitcoin.
newbie
Activity: 38
Merit: 0
December 26, 2019, 12:29:34 PM
Most alt coins are essentially dead just by the market being over saturated and the coins not serving a real purpose.
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