Topic: Can Altcoin be independent ? (Read 808 times)
Not yet, more hard for altcoin become independent and not needed for bitcoin, we know how many altcoin always have connected price with bitcoin, when bitcoin on the fire the altcoin will be the same, but when bitcoin drop altcoin will drop, because bitcoin is the mother of altcoin.
Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
I believe that when Bitcoin prices have risen to a steady state, we can see that Altcoin is showing an independent market, which requires global recognition of BTC. We can't see it now, I predict that we can see this happen within 10 years.
What you are thinking is right, Bitcoin affects the entire Crypto market. Bitcoin prices will significantly change the Crypto market if it's falling or rising too fast. Get acquainted with this, so Bitcoin ownership is a great choice.
altcoin be independent is a hard thing. However, there is still much hope for altcoin could be self-sustaining because it certainly can escape from the shadows of the bitcoin so it will be quite flexible when it experienced an increase in price expectations. many altcoins appeared adopted from bitcoin and this makes it difficult to develop and grow their own.
There is less chance that altcoin can be independent because all altcoin value and price are depend bitcoin price. Exchange price is the first need of all altcoin to buy and sell. so it is very difficult for any type of altcoin.
I'm thinking. that while bitcoin is the only king of crypto, altcoins will always depend on it.
Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
as all exchanges usually base altcoin trad price on btc, altcoins is tied on bitcoin price. however there are some fiat-pegged altcoins like usdt that have their valued tied up to fiat. also, there is this cryptocurrency called petro which has its value based on crude oil. currencies like this will not be dependent much on bitcoin's price.
The trading base of altcoins is Bitcoin, so no matter how strong altcoins run, the results will be the main choice of Bitcoin.
Altcoins also the price always depends on the price of Bitcoin.
Altcoins also the price always depends on the price of Bitcoin.
It's very difficult for Altcoins to be independent because altcoins always pair with Bitcoin on the Exchange.
When the price of Bitcoin goes down all altcoinss prices go down and it is very painful.
When the price of Bitcoin goes down all altcoinss prices go down and it is very painful.
Never we can see altcoin could be independent and not have connection with bitcoin, how to sell or trade by using altcoin only ? how we are convert altcoin to bitcoin, there are no way for altcoin could be independent and self alone. They have needed bitcoin for his mother and connect it.
if what is meant is independent from the influence of bitcoin, I don't think so right now. try to see how the influence of bitcoin on the crypto market. bitcoin has the ability to move the crypto market so the altcoin will follow it. but it all depends also on the supportive community, if the altcoin has a large community, he or she will not be affected by what happens to market conditions.
Why not? In general, it seems to me that this is possible, because some projects are now very much developed, but of course not all projects now develop as it would be desirable. But in general I think that this can be.
Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
i think that they can in some time but not soon so we need to wait for a while to see for sure in my opinion
Ofcourse they can be but that's not going to happen while bitcoin is by far the biggest trading pair. They need their own usd trading pairs.
Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
i think it's possible to to seperate them but that's not happening now most exchanges don't trade Fiat pairs and have only a few coins against USDT/TUSD if more and more exchanges start trading vs USD/EUR i think there values could seperate but the regulation are just ambigous now that not alot of exchanges can get into it.
it won't be possible because bitcoin is king of crypto. altcoins are interconnected with bitcoin prices. it will not be separated
Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
they're all traded against bitcoin, which is one reason it affects the prices of all altcoins. Also often the news related to bitcoin are the news for other cryptocurrencies too, therefore the movements are similar
As long as these altcoins cannot be gotten directly, and you will need either of BTC, or ETH to trade these coins, I do not think that it is exactly possible for them to be independent. Also a lot of them do no have a blockchain of their own, and their independence solely depends on this. Maybe as time passes, more development would be made, and these coins could become independent.
Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.
Many trading platforms offer trading pairs independent of bitcoin. The more the market develops, the greater the independence will be received by alternative currencies. Everything depends on the demand in the market.
Most of the tokens that you see in the market were created to follow bitcoin in terms of value, because bitcoin seemed like it would bring a lot of profits by itself, in the end, the leaders of the majority of the projects want to exchange their tokens for bitcoin or some other mainstream currency.
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