Can Altcoins do it alone ? - page 9.

Pelunize12

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Quote from: freedomgo on December 04, 2019, 08:17:14 AM

Quote from: Wysi on December 02, 2019, 04:32:37 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?

At the moment, I think it's not likely to happen as bitcoin is pretty much dominating the market.
This year, I haven't seen an altcoins that is independently growing without following the movement of BTC, and this year BTC's dominance rate has increase significantly and with that, its almost impossible for altcoins to rise on their own, whether we like it or not, we have to understand the current trend now.

Dont you see pump and dump coins? there are PnD coins almost everyday even dont care with Bitcoin movement
so yeah some altcoins can be independently growing without following btc movement, but the most altcoins follows.

These are good article about correlation to read.
https://www.longhash.com/news/altcoin-prices-have-never-been-more-closely-correlated-with-bitcoin
https://info.binance.com/en/research/marketresearch/crypto-correlations-q3-2019.html
https://hackernoon.com/about-those-crypto-correlations-e68720707efe
https://www.forbes.com/sites/cbovaird/2018/10/16/is-the-correlation-between-stocks-and-bitcoin-real/#4656c4b96146

freedomgo

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

At the moment, I think it's not likely to happen as bitcoin is pretty much dominating the market.
This year, I haven't seen an altcoins that is independently growing without following the movement of BTC, and this year BTC's dominance rate has increase significantly and with that, its almost impossible for altcoins to rise on their own, whether we like it or not, we have to understand the current trend now.

LouVandetta

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

So far altcoin prices is always following bitcoin movements. When there's a pump in bitcoin, we'll see another green from altcoins price. And it's the same the other way around. Especially if we're seeing a dump, major altcoins will suffer the most from it.

But if you look closely, there are a few of altcoins that's not following the price of bitcoin. That's a pump and dump altcoin. Mostly it's an alt that has a cheap price, or only a moderate volume.

tippytoes

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Definitely not! Without bitcoin's presence, I don't think where will be altcoins by now. As everyone noticed, alts are following btc's trend in the market. And if you ask even an ordinary individual, they will say bitcoin when you ask about crypto. They always associated crypto with bitcoin. For now, I believe we need bitcoin's presence more than ever.

Cnut237

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Quote from: Wysi on December 02, 2019, 04:32:37 AM

What will it take for altcoin to prosper without bitcoin's involvement?

Yes, alts can rise without bitcoin. What will trigger this? High confidence in crypto. That's all.

When confidence is low, we get a bear market.
When confidence is okay, we can get upwards BTC price movement, and maybe alts dragged along a bit as well.

When confidence is very high, people are willing to move out of BTC and into alts - and this is when we have an alt bull without BTC.

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

to make alts prosperity, it must have a lucrative appeal for investors. in 2017 it was really like diamonds for sale at the price of silver. That mentality persisted with speculators until the end of 2018 until they saw only bitcoin with potential for growth. From then on, alts were likened to fraudulent shitcoins and they stopped buying alts. You can read a lot on this forum about the opinions of many speculators. but I hope in the future the alts will have some outstanding events and save the other potential alts.

Wildwest

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I don't think if altcoin will stand alone without relying on bitcoin, one of the main pumpers of altcoin goes up with the rise of high priced bitcoin, we can now see the price of a bitcoin dump then altcoin cannot move at all, in cryptocurrency bitcoin is the most influential main coin so it will be difficult for altcoin to stand alone because that turns on altcoin on the market which is bitcoin

elisabetheva

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

It has become a reality that almost all altcoins are affected by the movement of bitcoin. it is inevitable that this fact has been going on for a long time. but there are also those who can not be affected by bitcoin, namely ethereum has experienced it, when bitcoin goes down it moves. but it is very rare and the time is not long and will immediately remain affected by bitcoin.

wheelz1200

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

Altcoins are dependent on bitcoin for long term pricing, but short term pricing altcoins pump and dump all the time due to low volume. The thing to remember though is that the altcoin market wont bull while bitcoin is bearing and vice versa is the run (up or down) is sustained.

iv4n

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Theoretically they can, at least that's my opinion. They have their own chains, their own communities, after many years some alts have very strong communities. Crypto became a race, and in this race like in all others competition is hard and all participants wish to be on top. It's a struggle that last for some time, and it will continue in the future, who will win nobody knows, we can make wild guesses, we can research and follow news, but in the end we just bet and hope for the best outcome.

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

I think altcoin won't be able to do it alone unless stablecoin, even though altcoin follows the trend of bitcoin but there are still many who fail because it can't survive. So we can see, what will happen if there is no bitcoin, what can altcoin do? nothing can be done, so for whatever reason altcoin will always follow bitcoin.

Iceblast

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it will be difficult for altcoin to be able to stand on its own, now if you think that corrected altcoin is always affected by bitcoin. so I think the influence of bitcoin is still too strong for all altcoin and altcoin has not been able to stand alone

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Quote from: go4crypto on December 02, 2019, 03:56:44 PM

Bitcoin remains the leader of crypto market for now. It determines the market sentiment and trend primarily whether bullish or bearish. Over coming years, when cryptos become mainstream, the dominance of bitcoin should go down drastically.

Bitcoin is indeed the father of all cryptocurrency and if without it some altcoins might gone for good because bitcoin is a decentralized cryptocurrency that no one can take control. I don't think altcoins can make it all alone without the sentiments of bitcoin price to compare in most cryptocurrency.

kapalmabur

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

there is an altcoin that doesn't depend on Bitcoin, you can check it on coinmarketcap, on Big Gainers, many tokens go up high, but I'm not sure about the coins for the long term, there are only good projects namely Ravencoin which shows an increase, others have projects or coins with a position of more than top 200

leea-1334

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Quote from: Pearls Before Swine on December 02, 2019, 03:09:51 PM

If you're talking about legitimate growth of an altcoin, you're misusing the term 'pump and dump' which is typical on bitcointalk. It shows a serious lack of understanding.

For *most* coins, value won't increase unless bitcoin does because there are too many of them and most are dead or dying. The bigger ones like Eth, Dash, Monero, and the like can go up on their own but it all depends on demand. Just like bitcoin.

The long and short of this is that a coin will increase in terms of fiat value as long as it holds its bitcoin value. If bitcoin goes up and the coin has the same price in terms of satoshis, obviously it's worth more overall. That's the weird quirk of the altcoin market in my opinion.

Monero is the one in that list that I believe truly has move on its own many times in the past and present (but also gone down on its own). Ethereum slightly so but it tends to rise only when Bitcoin does. Dash actually also does the same but they are more a pump from centralized forces, does not to me reflect much demand because really, Dash merchants are all part of marketing. Not Monero and ETH.

Pelunize12

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

if you mean one altcoin, it can be pump and dump independent with bitcoin
you can look at coinmarketcap, no matter bitcoin does, there are altcoins which can be pump

But, if you mean most of altcoin. it depends on bitcoin moves, bitcoin moves impact more to most of altcoins
that's why there is a 'season', it means that not individual

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

Bitcoin is the bedrock of cryptos, altcoins are good for implementing experimental ideas and testing them out. If they work, they could implement most of these ideas to bitcoin. But it's good that bitcoin stays conservative and don't compromise the security for wild new ideas. Bitcoin needs to be secure, that shoud always come first so it's good that everything new is being tested in altcoins.

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

When we talk investing on cryptocurrency then we can find that majority of the crypto user will invest firsf their money to bitcoin aand fter that they will find an alternative investment to choose an altcoin which they though is promising to choose. So, when they know that the bitcoin price will down they will sell bitcoin first and then they will sell altcoin as well. So, this thing will make most of altcoin market change.

zeze18

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Quote from: Bitcoinjheta on December 02, 2019, 05:17:04 PM

Altcoins can never be alone or make its own increase and decrease of value without bitcoin because since the beginning when the altcoins are being project it already paired by BTC which is the only coins that dominating the value of all cryptocurrency coin in the digital space.

You better to look at coinmarketcap website and you could filter the coin list to top gained coins in 24 hour, you will see there are several coins that has gained for more than 10% each day. So i think altcoin is not 100 percent rely on bitcoin price.

mR.k0fka

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Quote from: Wysi on December 02, 2019, 04:32:37 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?

ye.. it actually happened many times
look at BNB for the best example
it happened to ETC and ZEC too in 2017
they just should go up in BTC price while BTC stays the same
its not that rare

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