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Topic: Can Altcoins do it alone ? - page 6. (Read 2446 times)

sr. member
Activity: 1372
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December 15, 2019, 12:36:17 PM
I think some altcoins doesn't follow the fluctuation of the market and the value will or the equivalent will stay the same as ewual to bitcoin. And the majority will surely be affected and go with the flow when the market is really going down.

Therefore, we just only need to invest and make a research of thr best altcoin that even the market is in crisis we can still make a profit out of it.
sr. member
Activity: 859
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December 14, 2019, 02:16:01 PM
Altcoins cannot work individually without bi help of Bitcoin and some few top alternate cryptocurrencies. I have seen many coins in the coinmarketcap list and after few months that has been erased by that company due to lack of volume and supply on that coin.
sweater side we can keep Bitcoin always in your wallet which is more equalent from the alt coins you are saving.
Yes they can't, because when trading they are in pair of bitcoin and mostly all altcoins are swinging when bitcoin moves. Technically speaking altcoins cant stand by their own feet and they need to wait for a bitcoin pump and they will follow the price. But there are some altcoins that have a pump and dump by the people and usually, you can be noticed this when the market showing red and they are green price color.

It is because altcoins are considered derivatives of Bitcoin even though the technology is totally different - apart from both are blockchains. And secondly Bitcoin is the most traded and well known crypto kind of like the USD against all fiat.
sr. member
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December 14, 2019, 02:09:55 PM
Altcoins cannot work individually without bi help of Bitcoin and some few top alternate cryptocurrencies. I have seen many coins in the coinmarketcap list and after few months that has been erased by that company due to lack of volume and supply on that coin.
sweater side we can keep Bitcoin always in your wallet which is more equalent from the alt coins you are saving.
Yes they can't, because when trading they are in pair of bitcoin and mostly all altcoins are swinging when bitcoin moves. Technically speaking altcoins cant stand by their own feet and they need to wait for a bitcoin pump and they will follow the price. But there are some altcoins that have a pump and dump by the people and usually, you can be noticed this when the market showing red and they are green price color.
hero member
Activity: 1106
Merit: 527
December 14, 2019, 01:28:51 PM
Altcoins cannot work individually without bi help of Bitcoin and some few top alternate cryptocurrencies. I have seen many coins in the coinmarketcap list and after few months that has been erased by that company due to lack of volume and supply on that coin.
sweater side we can keep Bitcoin always in your wallet which is more equalent from the alt coins you are saving.
sr. member
Activity: 1792
Merit: 264
December 14, 2019, 11:33:31 AM
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?

until whenever Altcoin will continue to depend on bitcoin, although sometimes there is an increase in altcoin, of course because the price of bitcoin is experiencing an increase. although sometimes some altcoin can jump because there are certain parties who can deliberately pump it but of course it's only temporary because altcoin can't do it alone
hero member
Activity: 2702
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December 14, 2019, 11:19:56 AM
this is hard for altcoins to be alone in the market and solely not depend on Bitcoin price
when bitcoin retrace, altcoins retraced even more.
It is hard but I guess not impossible. should be a huge project or partnerships and event basis I guess.
as long as that altcoin has utility usage and that will always have the price. Remember about the majority of altcoins were not having the product are following bitcoin trend but the exception must be applied to the altcoin that is having a good product. they can create their own fomo without the need for bitcoin. It's not so hard as long as the dev know how to develop a proper product
sr. member
Activity: 994
Merit: 261
December 14, 2019, 11:17:18 AM
#99
Indeed bitcoin will always affect the altcoin market because bitcoin is the center, but not all altcoins follow the movements of bitcoin because those who follow the majority of bitcoin movements are major coins. Usually, altcoin can pump itself when alt season occurs
sr. member
Activity: 938
Merit: 256
December 14, 2019, 10:41:48 AM
#98
this is hard for altcoins to be alone in the market and solely not depend on Bitcoin price
when bitcoin retrace, altcoins retraced even more.
It is hard but I guess not impossible. should be a huge project or partnerships and event basis I guess.

Which altcoin do you mean, every altcoin has it's own growth. I mean there are many altcoin that has more than 10% only in just less than 24 hours, that means altcoin is not always following bitcoin price but there are so many altcoin that has it's own community and market segmentation because cryptocurrency is so wide right now, we cannot associate any altcoins with bitcoin.
full member
Activity: 612
Merit: 102
December 14, 2019, 09:47:24 AM
#97
this is hard for altcoins to be alone in the market and solely not depend on Bitcoin price
when bitcoin retrace, altcoins retraced even more.
It is hard but I guess not impossible. should be a huge project or partnerships and event basis I guess.
hero member
Activity: 1680
Merit: 505
December 14, 2019, 07:29:37 AM
#96
No I don't think so. Bitcoin market cap alone is more then collective market cap of all altcoins. I have my trust in ethereum till last year that it may survive independently but I don't think that anymore. At least in coming five years altcoins have to rely on bitcoin for there survival.

You should not lose hope in Ethereum. In my opinion, this is the only  Altcoin at the moment, which can change the value regardless of the Bitcoin price. Ethereum has lost a lot of value, which is why its potential is huge. If the upcoming hardfork succeeds, I think ETH has a chance to find its own place on the market.
sr. member
Activity: 1106
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December 14, 2019, 07:15:19 AM
#95
No I don't think so. Bitcoin market cap alone is more then collective market cap of all altcoins. I have my trust in ethereum till last year that it may survive independently but I don't think that anymore. At least in coming five years altcoins have to rely on bitcoin for there survival.
sr. member
Activity: 1232
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December 14, 2019, 05:03:49 AM
#94
At first, I think that altcoin is just primarily based on bitcoin prices. But if you are going to think about it, cryptocurrencies have different technologies behind them, so I don't think that bitcoin must exist so these altcoins are going to boom as well. There are different cryptocurrencies that exist before bitcoin but bitcoin wasn't based on them. Bitcoin is the number 1 right now so it is going to be difficult.

I'm not sure about what cryptocurrencies existing before Bitcoin are you talking about ?! Can you give some examples?

As for the technology standing behind Bitcoin and other cryptocurrencies, it is quite similar. I think you mean usability - and here many cryptocurrencies will certainly find their place on the market. And that's why, in my opinion, there will come a time when altcoin prices will change regardless of what happens to the BTC price.
sr. member
Activity: 2828
Merit: 357
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December 13, 2019, 07:19:19 PM
#93
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
no altcoin can't(not to the point that they are being pumped because this will not stay longer and surely will dump again)because i think for those who have been here since 2017 obviously we have seen how great bitcoin can give us all specially those altcoins that needs being backed up by bitcoin.
and we will have another proof this coming 2020 after Halving happens if what is the true stand of each Alts,if they can grow their own or they will rely on the movement of the number 1 ranked currency.
sr. member
Activity: 1456
Merit: 267
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December 13, 2019, 07:12:39 PM
#92
At first, I think that altcoin is just primarily based on bitcoin prices. But if you are going to think about it, cryptocurrencies have different technologies behind them, so I don't think that bitcoin must exist so these altcoins are going to boom as well. There are different cryptocurrencies that exist before bitcoin but bitcoin wasn't based on them. Bitcoin is the number 1 right now so it is going to be difficult.
It will only realized once the entire industry being adopted and acknowledge the usages of those existing alternative coins around the market. But for now, the market still relying with how bitcoin moves and the trends that bitcoin continue to dominates it will only change things after the full adoptions of many alts, it can happen but it will take time, same thing with how bitcoin manifested this success.
full member
Activity: 840
Merit: 101
December 13, 2019, 06:55:57 PM
#91
At first, I think that altcoin is just primarily based on bitcoin prices. But if you are going to think about it, cryptocurrencies have different technologies behind them, so I don't think that bitcoin must exist so these altcoins are going to boom as well. There are different cryptocurrencies that exist before bitcoin but bitcoin wasn't based on them. Bitcoin is the number 1 right now so it is going to be difficult.
sr. member
Activity: 1078
Merit: 354
December 13, 2019, 01:26:56 PM
#90
Alts can't start a bull run by themselves, they don't have the strength. If you look at previous alt seasons, they have always followed a bitcoin-led whole-market bull run.
Bitcoin is the only coin that has the strength and can shift the sort of volumes that are required to get a bull market into full swing. This is why I don't think we'll have an alt season yet - because we need a bitcoin surge first.

Maybe in a couple of years some of the top alts will be strong enough to start a bull market by themselves. At the moment though, no.
sr. member
Activity: 728
Merit: 252
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December 13, 2019, 12:28:17 PM
#89
   I'm not sure what can be a purpose of this question. Why would alt-coins do something alone, why would Bitcoin do something
alone? Crypto-currencies should be connected and to work together, like we should be united and work together. We can have
fun, and we can try to outsmart each other, but we should do that in fair and honest way.
   Crypto-currencies should be a ground for all of us to have trusted economy! Nobody needs to do anything alone, we can do it
together.
at least they will not depend on every bitcoin condition, and can move with market speculation that has its own consequences, this is often not profitable for altcoin but it is indeed impossible, especially because it is always in the same market. Crypto speculators are also not too fond of something that is stable for investment, all cryptocurrency cannot be separated just like that.

Of course it doesn't depend with bitcoin all alone, because altcoin became so unique in terms of profitable aspects. Although it's so hard to aim a good value, but as we waited for enough time it might come to a point that the price will increase more better than now. Let's just expect more new updates from the community, and it became so surprising in the future.
Neither Altcoin nor Bitcoin will be able to run on its own. For considering that they were an integral one. So how good it is by having support each other. Behind Altcoin's current advances, Bitcoin is also one of the comparators that continues to emerge with many new variants. Making it quite profitable by running alongside Altcoins. Not many suggestions in addition to supporting the progress of Altcoin development from now on.
legendary
Activity: 1568
Merit: 1002
December 13, 2019, 12:17:57 PM
#88
to do it yourself as it is very difficult to do by altcoins who do not have good popularity because altcoins of course still need a partner in many things such as sales so they can run selling and buying there. so it's very impossible for altcoins to do it themselves without bitcoin
legendary
Activity: 2898
Merit: 1006
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December 13, 2019, 08:57:01 AM
#87
If we talking about majority the current altcoins then i think it would be the nature of altcoin itself that altcoin development will always be dependent on bitcoin price trend whether it will down or up because altcoin cannot live without bitcoin and if people says there was some of some of altcoin can able to reach uptrend while the price of bitcoin down indeed it was true but usually it won't last long
member
Activity: 854
Merit: 10
December 13, 2019, 08:00:55 AM
#86
not all but some alt can depend on itself, when btc pump / dump there are some who do not follow it.
but the btc value will also affect their increase in value regardless of the project being good / bad.

Yes, few altcoins is not following their price indication about the Bitcoin and even sometimes they are not following about the fluctuations happen to the altcoins. They completely bother about the prices of Bitcoin, this makes the price of altcoin will surely decrease in the market and even though we see active developments.
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