Bitcoin Boom to $100K Will Destroy Altcoins - page 5.

Sasha Grey

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Quote from: shaheer001 on May 09, 2019, 02:16:08 AM

I don't agree with this statement as in past we had seen as BTC was in Bull run the other altcoin were also in trending so in my opinion as BTC will go up other Altcoins will rise.

Altcoins can make bitcoin great, without altcoins I sure bitcoin worthless, if someday the price of bitcoin skyrocketed to $ 100k then this will not make altcoins die, instead altcoins also get a positive impact because bitcoin and altcoins are symbiotic mutualism.

Ridho_ost

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Quote from: Farma on May 10, 2019, 01:58:57 AM

Quote from: manok arab on May 10, 2019, 01:37:47 AM

in my opinion if bitcoin reaches a price of 100k $. all altcoin movements will certainly follow their potential. there is no term altcoin destroyed, not according to me. except that there is a problem

well that's a common thing. however, for now, I think the increase in bitcoin prices does not affect the altcoin. we know that at this time bitcoin is rising, even though like that, the altcoin price rises is not so big. even some altcoins go down. I hope the price increase will happen soon.

in my observations, it can be said that it is not extensive in this experience. only I have corrected it in the past bitcoin. seeing the price of bitcoin soar, all altcoin prices have a slight price change.

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Quote from: Shinpako09 on May 09, 2019, 02:21:57 AM

Altcoin won't die even if btc reaches such price. Instead, they will follow the trend. They won't go as high as btc, but they will gain during that moment and we've seen it before. Same thing will happen if ever. Especially those top altcoin. If you think of other altcoin, well, they will always be shit no matter what the trend is.

I don't think so, although the past situation is altcoin's price will always tend to follow the price of bitcoin, bitcoin goes up, altcoin will go up but this is when the price of bitcoin is only relatively, not too high, market capitalization is enough to help altcoin catch up with bitcoin. But at a booming price like $100000, almost all market capitalization and resources are focused on bitcoin, that price is too high and wants to be achieved, altcoin's sacrifice is necessary, altcoin will die but this situation will probably never happen when this is a dream price and there is no reason for it to be achieved.

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Quote from: shaheer001 on May 09, 2019, 02:16:08 AM

I don't agree with this statement as in past we had seen as BTC was in Bull run the other altcoin were also in trending so in my opinion as BTC will go up other Altcoins will rise.

Yes,,, but what happened after that? Bitcoin went down all the way to $3k, which is 15% of the ATH. But altcoins? After enjoying 100x or whatever, some even went down to 99% of their old value and until today just never recovered. So imagine, if BTC goes to $100k or even $1million. Some alts will survive but I think majority will just simply vanish as nobody will ever trade them.

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Quote from: manok arab on May 10, 2019, 01:37:47 AM

in my opinion if bitcoin reaches a price of 100k $. all altcoin movements will certainly follow their potential. there is no term altcoin destroyed, not according to me. except that there is a problem

well that's a common thing. however, for now, I think the increase in bitcoin prices does not affect the altcoin. we know that at this time bitcoin is rising, even though like that, the altcoin price rises is not so big. even some altcoins go down. I hope the price increase will happen soon.

manok arab

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in my opinion if bitcoin reaches a price of 100k $. all altcoin movements will certainly follow their potential. there is no term altcoin destroyed, not according to me. except that there is a problem

futureofeth

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Quote from: shaheer001 on May 09, 2019, 02:16:08 AM

I don't agree with this statement as in past we had seen as BTC was in Bull run the other altcoin were also in trending so in my opinion as BTC will go up other Altcoins will rise.

Yes, we have already seen this trend in 2017, when the price of Bitcoin is increasing automatically the price of altcoin started increasing. But before increasing the altcoin prices it took very long to recover the prices, in the same this year also we might see the same thing happening and now altcoin is completely in a downtrend with the increasing price of Bitcoin.

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Quote from: Lpim01 on May 09, 2019, 11:46:07 PM

Quote from: malikusama on May 09, 2019, 03:23:03 PM

It totally depends on the global adoption of cryptocurrencies.
More clearly there are two scenarios.
1) If community remains the same and bitcoin reaches $100K : Then except few top alts all altcoins market will crash badly.
2) If community grows along with the price and bitcoin reaches $100K : It will not going to effect altcoins market badly except crap coins.

It will definitely affect the entire market and never know if altcoins will follow so or numbers of altcoins will die. Having that $100k is pretty much high and giving the doubts that people/investors will look its potential anymore cause of its risk. Or they might change there mind instead of investing Bitcoins, they will go for altcoins.

I think that if Bitcoin reaches 100k, it is very favorable, from experience, I know that when bitcoin starts its Bullish Trend Stage, the altcoins will go down a lot, this is because they sell them fast and thus they do not miss the rise of bitcoin It is normal.

When the altcoins are rising, they go down, but if bitcoin continues to rise, the altcoins will start to rise too, because the trend is bullish and many who are with bitcoin will start to take their money in the altcoins, because they know that the altcoins will continue to rise, which, I think the altcoins will not stay on the road, especially the first of the top of CMC, since they have structures very similar to bitcoin and will not be left behind.

That's why I think that when Bitcoin becomes bullish, the market will be greener than ever, and will have a direct step to a new evolution in the whole market, just as it happened in 2017, when bitcoin was in a bullish trend, most of Altcoins went up and got their ATH, and they dropped the price just when bitcoin started to fall in price.

Lpim01

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Quote from: malikusama on May 09, 2019, 03:23:03 PM

It totally depends on the global adoption of cryptocurrencies.
More clearly there are two scenarios.
1) If community remains the same and bitcoin reaches $100K : Then except few top alts all altcoins market will crash badly.
2) If community grows along with the price and bitcoin reaches $100K : It will not going to effect altcoins market badly except crap coins.

It will definitely affect the entire market and never know if altcoins will follow so or numbers of altcoins will die. Having that $100k is pretty much high and giving the doubts that people/investors will look its potential anymore cause of its risk. Or they might change there mind instead of investing Bitcoins, they will go for altcoins.

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Do most ppl want this to happen who hold both btc and altcoins?

malikusama

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It totally depends on the global adoption of cryptocurrencies.
More clearly there are two scenarios.
1) If community remains the same and bitcoin reaches $100K : Then except few top alts all altcoins market will crash badly.
2) If community grows along with the price and bitcoin reaches $100K : It will not going to effect altcoins market badly except crap coins.

dang thi bich thuy

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Quote from: ioanbtc on May 06, 2019, 04:06:26 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?

If this happens as you mentioned. I believe the Altcoins will be of greater benefit than being destroyed. As the Bitcoin effect increases the price of Altcoins will also increase.

H0USE

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Quote from: ioanbtc on May 06, 2019, 04:06:26 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 will say it is easy to know when BTC has become strong there will be 2 cases happen, one is Altcoins fall to make BTC stronger and become the one and only, Two is Altcoins will rise along with BTC and bring enitre market up, i personally think the second way is possible because Altcoins is very strong now and even more advanced when compared to an old and slow BTC, so BTC should be used in trading and Altcoins can be used in daily life payments.

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I don't think that all altcoins will die and it doesn't mean that just because I have some on my stash, I'm telling this, that's a big no. Most of the market cap and volume of those altcoins will go to bitcoin in the future. And I agree with what Max Keiser said that it will be at the expense of alts.

Many altcoins will go useless and people will become smarter these days because they don't want to gamble with those coins anymore. Instead of investing it to those, they will smartly invest it to bitcoin.

ahmed04

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If bitcoin is worth $ 100,000, I will be very disappointed in the blockchain. Since this cryptocurrency is not worth such a lot of money. The market will not be able to withstand the price of Bitcoin.

lovesybitz

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Quote from: ioanbtc on May 06, 2019, 04:06:26 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?

No! I don't think altcoins will die, maybe most of them will fall down its price value but not in that way. Because all potential altcoins in the market will also for sure increase while price of Bitcoin is kicking its value. Just like what happened in Ethereum during the time that Bitcoin
bounce it price in the market the Ethereum price was also kicked its price into 0.1BTC each ETH.

Wale777

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That is just a speculation which will shiver down the spine of the cosmetic and poorly developed altcoins, there are few altcoins that are here to stay . bitcoin boom to 100% will help weed out the shitcoins from the Crypto space, turning Crypto space to dumping ground for imitated or duplicated project without real improvement is not accepted

fullhdpixel

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Quote from: Jating on May 08, 2019, 01:36:07 AM

Of course not all altcoins will survived in a long time specially when bitcoin price goes to like $100k. Investors will shows sell their altcoins and move their funds in bitcoin.

But altcoins specially in the top 10 will survived. Because they have existed for so long that people will tend to invest and trust like ETH, LTC.

Some altcoins that would die will not because of the price movement of BTC alone, but they will long be gone before bitcoin reaches that price due to the bad project that they have, which will make people pay less attention to them after they get dumped, and since they have no working product that could lift them up, they will die off market that people would not even be able to sell them off for Bitcoin.

Selling altcoins off for BTC is not a bad thing and it doesn’t mean they will still not be bought back by the [person selling it, they will only do that to do short trade with it in bitcoin and take profit, everyone knows that altcoins always have their own season, which we all run to too to take profit irrespective of the price of bitcoin.

abake

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Even without bitcoin going up to that amount, some altcoins without any use case or good team are already dead. If BTC surge to 100k$, nobody will talk about most shitcoins anymore, that's for sure. But all these are just mere fallacies anyway, I believe a time will come when the world will embrace altcoins with proper use cases solving some real life problems.

Shinpako09

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Altcoin won't die even if btc reaches such price. Instead, they will follow the trend. They won't go as high as btc, but they will gain during that moment and we've seen it before. Same thing will happen if ever. Especially those top altcoin. If you think of other altcoin, well, they will always be shit no matter what the trend is.

Topic: Bitcoin Boom to $100K Will Destroy Altcoins - page 5. (Read 1996 times)