Future of altcoins without Bitcoin - page 20.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: Couttouw on December 23, 2017, 06:26:46 PM

Hello!

With the recent decrease in value of Bitcoin, the value of almost all the altcoins dropped too.
Now BTC is rising again and so are the altcoins.

I am thinking that if Bitcoin ever crashes, I mean completely drops to a very low value and when doesn't increase anymore.
Then the altcoins are going to drop too and won't have a high value anymore too, which means the cryptocurrency world will die.

Is my statement just nonsense or can it be correct?

I'm curious of what you all think will happen to the altcoins if BTC crashes for real.

For my opinion without Bitcoin altcoins are useless the reason why is because before you can use altcoins convert into Bitcoin and convert Bitcoin into the fiat money.
This scenario showing bitcoin are most important coin in the world of cryptocurrency using volatile internet connection.

machinek20

hero member

Activity: 840

Merit: 501

Bitcoin hold a very important rules for the alt coin, bitcoin is the one that glued all the alt coin, if bitcoin fall to a crash, there will be an impact to the alt coin, but alt coin and bitcoin could walk in different path, if let say bitcoin keep on crashing, people still can find other coin to invest and that can caused certain alt coin to rise and possibility to replace bitcoin place, so as long as people still interested in crypto, crypto will never die

dsaijz03

full member

Activity: 322

Merit: 101

Quote from: Couttouw on December 23, 2017, 07:09:24 PM

Quote from: hadveach on December 23, 2017, 06:33:08 PM

this is only temporary bro ,, i say that your statement is nonsense. I still believe that the bitcoin and other altcoins will grow and develop well again. I have analyzed and studied the development of bitcoin.

I know this is only temporary.
And I really believe that Bitcoin will reach $ 20000 again soon and will rise even higher in the future.

But when it crashes in 2, 5 or 15? years, then maybe the altcoins will die too.
Because they seem to move together with the way BTC goes up and down.

Can you tell me how you analized and studied the development Bitcoin? What's your conclusion?

Thanks!

I do not think so, Bitcoin and altcoins are different not every moment Bitcoin drops altcoins drop too. What some might do was when Bitcoin drops some altcoin holder sell there coin and buy Bitcoin because they think a good moment to invest Bitcoin while it is low value.

jawatulen

full member

Activity: 398

Merit: 100

if this happend, Altcoins will have no value anymore
because most of altcoin value in USD is depends on Altcoins value in BTC
and i hope this will never happend mate Wink

sarul

copper member

Activity: 798

Merit: 250

Quote from: Lhaine on January 21, 2018, 08:32:33 AM

I don't think what happen in altcoin without bitcoin,because bitcoin is the king of crypto currency and as far as I know we need bitcoin everytime we change our altcoin into local currency ( correct me if I'm wrong).

I think, if just for changing an altcoins it could be replaced by ethereum as 2nd preferensi. Because it looks like ethereum has potential for that. Not all local exchange that need to change an altcoins to btc first before become local currency, My local exchange vip.bitcoin.co.id has it, but certainly not for all altcoins.

garybyerz

newbie

Activity: 294

Merit: 0

Don't think because altcoins are being traded or compared with bitcoin then it mean if bitcoin dies altcoins too will die, i don't see this happen, assuming dollars dies does it mean that other fiat currencies that are been compared to dollar will die also? there will always be an alternative. Surety bitcoin will not die same as altcoin.

Eleven86

member

Activity: 364

Merit: 10

Quote from: RamBahadur.Gurung on January 21, 2018, 09:30:30 AM

I a not sure, but I think that at least some of the altcoins may survive even if Bitcoin dies. Because some of the alts have an entirely different purpose when compared to Bitcoin. Examples are anonymous alts, such as Monero, Deep Onion and Zcash.

The mother of altcoins is the bitcoin. And this growth is phenomenal now that even the next competing coin is so behind to reach its place. So such kinds of thoughts can be channelized to analyze something enriching cryptos values. Obviously other altcoins are going to set their standards in coming years. The values of all altcoins are going to have a massive growth. Bitcoin is not going to die.

RamBahadur.Gurung

sr. member

Activity: 457

Merit: 262

I a not sure, but I think that at least some of the altcoins may survive even if Bitcoin dies. Because some of the alts have an entirely different purpose when compared to Bitcoin. Examples are anonymous alts, such as Monero, Deep Onion and Zcash.

TutorShow

newbie

Activity: 39

Merit: 0

Quote from: Couttouw on December 23, 2017, 06:26:46 PM

Hello!

With the recent decrease in value of Bitcoin, the value of almost all the altcoins dropped too.
Now BTC is rising again and so are the altcoins.

I am thinking that if Bitcoin ever crashes, I mean completely drops to a very low value and when doesn't increase anymore.
Then the altcoins are going to drop too and won't have a high value anymore too, which means the cryptocurrency world will die.

Is my statement just nonsense or can it be correct?

I'm curious of what you all think will happen to the altcoins if BTC crashes for real.

some altcoins rise when bitcoin drop or carshing .that mean bitcoin not have direct effect.
if bitcoin die some altcoins can live and some like ripple rising more than bitcoin.
it’s easy to cash bitcoin so that all love it

Lhaine

full member

Activity: 742

Merit: 128

Coinbene.com - Experience Fast Crypto Trading

I don't think what happen in altcoin without bitcoin,because bitcoin is the king of crypto currency and as far as I know we need bitcoin everytime we change our altcoin into local currency ( correct me if I'm wrong).

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Hariyati Amin on January 21, 2018, 08:01:55 AM

As we know the bitcoin and all types of cryptocurency have a fluctuating rate. This is influenced by several factors such as supply and demand, banning bitcoin in a country, mafia game. So bitcoin will not always go down. It is temporary.

As the main coins and pioneer of crypto, bitcoin certainly affect to the other coin prices. I believe with the power of bitcoin.

In the past, when Bitcoin was faced with negative government action, it's price has gone down. This has happened after government actions such as those in the United States (such as the SEC rejection of the ETF), China (banning of exchanges), and South Korea (ban on crypto-currency). But the most important fact is that the prices recovered soon after these setbacks.

Hariyati Amin

member

Activity: 606

Merit: 10

Just Do The Best

As we know the bitcoin and all types of cryptocurency have a fluctuating rate. This is influenced by several factors such as supply and demand, banning bitcoin in a country, mafia game. So bitcoin will not always go down. It is temporary.

As the main coins and pioneer of crypto, bitcoin certainly affect to the other coin prices. I believe with the power of bitcoin.

kevin go

full member

Activity: 238

Merit: 100

Bitcoin is the mother of all cryptocurrencies, bitcoin is the first cryptocurrency introduced to the world. Many altcoins get introduced in the market after bitcoin currency in 2009. Bitcoin has huge influence on altcoins, bitcoin currencies are more or less similar to bitcoin. Altcoins works under the shadow of bitcoin currency. It has proven from the last records that altcoins`s growth completely depends on the growth of bitcoin currency. Alitcoin`s have potential to prove themselves in crypto market. But currently bitcoin is the only motivator for bitcoin currency.

hajimasan

hero member

Activity: 882

Merit: 500

Quote from: Couttouw on December 23, 2017, 06:26:46 PM

Hello!

With the recent decrease in value of Bitcoin, the value of almost all the altcoins dropped too.
Now BTC is rising again and so are the altcoins.

I am thinking that if Bitcoin ever crashes, I mean completely drops to a very low value and when doesn't increase anymore.
Then the altcoins are going to drop too and won't have a high value anymore too, which means the cryptocurrency world will die.

Is my statement just nonsense or can it be correct?

I'm curious of what you all think will happen to the altcoins if BTC crashes for real.

I don't think that it will happen in future any time because here I myself is looking bitcoin's life where I found that there is always net gain in the price even with any big dump and with many big rumours and negative news .
But if it will happen then I don't think that the value of the altcoins get down to crash also because here only bitcoin is not a option to make trade but also we have many coins , mainly usd and etherium for the trading .
But still here we can say that the market will dump once for one month and after that people will get Thier trust back and start regular trading in cryptourrency , but I will pray to God that don't make any day like we are thinking .

SiDtHeBeSt

full member

Activity: 420

Merit: 106

I think the current drop is only temporary and bitcoin will of course regain it's value in time. It's price drop/rise surely does affect the values of other altcoins too as we saw the price drop of many other altcoins along with btc. I think if btc would cease to exist, some other good altcoin will be taking it's place. Still there might be a few people who will lose interest in cryptocurrencies if bitcoin dies and that might affect altcoins. But I think the number of people who would be switching to another altcoin would be more, so it won't matter much.

b!t

newbie

Activity: 61

Merit: 0

My view is, at the moment bitcoin is the gateway to to crypto world. There aren't many places you can buy alts with fiat money, only bitcoin. So when people want to cash out on their alts they will trade them for bitcoin and then cash out to fiat. I might be wrong, but when you look at the movement on the prices the altcoins walk hand in hand with bitcoin. But this might not be the case in the future.

I still wish bitcoin will keep soaring and not go anywhere soon.

Hasbro27

full member

Activity: 378

Merit: 100

I think bitcoin and altcoin are interconnected with altcoin, this month's bitcoin drop is due to the korea I read from the news, if there is bad news about bitcoin then the price will go down as it did last year but I believe bitcoin will not go down then surely the price will go up again

novakamena

jr. member

Activity: 115

Merit: 2

Quote from: Malam90 on January 21, 2018, 01:50:32 AM

I don't think about other coins without Bitcoin. Bitcoin will rule the world of crypto all time even present time.

I do not see a future without bitcoin.he is the leading force of cryptocurrency

hahahafr

hero member

Activity: 938

Merit: 501

Yes, but you are not aware that if bitcoin dies, altcoins are not going to replace it, as long as there isn't any other crypto who takes it's place.

But for me, if bitcoin dies, it is going to be replaced by a crypto of a government, or just a financial instituion, like a "US crypto" similiar to Tether.

Quote from: hadveach on December 23, 2017, 06:33:08 PM

this is only temporary bro ,, i say that your statement is nonsense. I still believe that the bitcoin and other altcoins will grow and develop well again. I have analyzed and studied the development of bitcoin.

bozo333

sr. member

Activity: 742

Merit: 255

CryptoTalk.Org - Get Paid for every Post!

Quote from: Greenkarki on January 21, 2018, 02:35:43 AM

Quote from: Dudeperfect on January 21, 2018, 01:39:49 AM

There is no direct relation with Bitcoin and altcoins, to be honest, but as far as I observe I think people prefer to put their money in stable altcoin when Bitcoin is down instead of putting in Fiat currency and again move their funds in Bitcoin as soon as it gets momentum. It is difficult to predict what will happen down the road in this context but investors will definitely put their amount in a better altcoin if there is no Bitcoin.

Exactly. Its the investors who are fully behind it. Now a days, investors started looking at altcoins who are cheap and have good growth in the market. Less investment brings a lump of profit. Always investors look for coins which seems to have a good growth and invest. If bitcoin seems to be promissing when they invest, then of course they willl move towards bitcoin, if suppose other altcoins seems to be promissing their profit than bitcoin, yes they do move towards those altcoins.

The
Altcoin is alter native coin of the bitcoin. If bitcoin is not in the market places. Altcoin is not increase the prices. It will not growth time to change proces. Bitcoin is good opportunity for the impeove you self. So altcoin is most of the people use. Altcoin is not easy to reach the people. Bitcoin good opportunity for the growth for future.

Topic: Future of altcoins without Bitcoin - page 20. (Read 2384 times)