If all altcoins die, only Bitcoin is left, will it rise X100? - page 6.

Zin-Zang

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Quote from: btlzpr on December 04, 2018, 04:51:25 AM

We know, at the beginning of crypto, there was bitcoin as only one crypto. If we return to that situation, will Bitcoin rise sharply?
Does Altcoins have a more positive impact on Bitcoin or will it weaken Bitcoin?

If all of the Altcoin die, bitcoin odds of dying skyrocket.

*The only reason many buy btc at all is to buy their favorite altcoin.*

Altcoin markets require large amounts of BTC to be in their market pairs.

FYI:
No matter what happens with bitcoin and the rest.
One Altcoin that can survive any crypto winter is ZEIT.

maydna

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Quote from: btlzpr on December 04, 2018, 04:51:25 AM

We know, at the beginning of crypto, there was bitcoin as only one crypto. If we return to that situation, will Bitcoin rise sharply?
Does Altcoins have a more positive impact on Bitcoin or will it weaken Bitcoin?

It is hard to say because I think the altcoin helps bitcoin to rise higher and the present of the altcoin will also help us to gain more bitcoin in trading. The altcoin gives a positive impact on bitcoin, and the altcoin will be in the side of bitcoin. Besides that, if there is the only bitcoin in the cryptocurrency, I think bitcoin will get no value, and it's like what we read on the first time bitcoin launched. But I don't know about that, and I don't want to imagine Grin

It is better to see that the altcoin helps us to make a profit in bitcoin.

beami

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We don't want to suppose that with the word "if altcoin is dead", altcoin is formed because of bitcoin, so altcoin will live even though many cannot survive and lose. Many altcoins are missing but many altcoins appear so how do altcoin die?
Bitcoin remains alive and remains valuable because there are many requests, bitcoin, and altcoin because there are many requests.

Ria Sakurai

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I think it will not happen like that. If all altcoins die Bitcoin will also die, but obviously it will not happen. Cryptocurrency is very strong and it has lived for 10 years, nothing can kill crypto, including the governments.

frchowe214

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In that very unlikely scenario bitcoin prices will certainly rise because there is demand for a decentralised currency in countries like venezuela where their government has no control over inflation due to incompetence

rosezionjohn

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They say monopoly brings the price up but I do not think this is applicable with Bitcoin or other cryptocurrency.
There were already many altcoins when it soared to $20K.
Eventhough some altcoins are trying to directly compete with Bitcoin, its value does not depend on competition with other cryptos.

modmalaney

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of course, the value of bitcoin will not be the same as this time. a lot of altcoins that keeps popping up because of this and the bitcoin adopt also makes a bitcoin can continue to be great. When altcoin all negated the value of bitcoin will also remain stable and can not be very large and may even be crypto will also not unheard of up to now.

kendedes

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Quote from: btlzpr on December 04, 2018, 04:51:25 AM

We know, at the beginning of crypto, there was bitcoin as only one crypto. If we return to that situation, will Bitcoin rise sharply?
Does Altcoins have a more positive impact on Bitcoin or will it weaken Bitcoin?

To be sure, i don't really know what will happen if there is no other crypto than bitcoin.
I think future is all mystery, no one will know for sure what will happen, it could goes like last year where the price of bitcoin rise so much or even has no value at all. We all doesn't know that.

mistersehmuz

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This kind of scenario is impossible. If all altcoins die, Bitcoin will die too. But if one day we see this situation, not only 100x but even 1000x is possible.

qualitywork

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Quote from: emmybd on December 04, 2018, 06:07:29 AM

I think this question is irrelevant, all altcoins wouldn't die. At present, altcoins are very much related to bitcoin, so they would continue to function along with bitcoin.

Ofcourse, you are right. Such questions should be ignored because altcoins is what investors are focusing more than Bitcoin, because they want to buy it for cheaper prices and wait for long-term which will be successful after few years. Eth is very popular in altcoins and most of the transactions are in progress as well. Functioning only in BTC will not give you a good profit, competition should be there in any field.

BlueStackz

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Quote from: btlzpr on December 04, 2018, 04:51:25 AM

We know, at the beginning of crypto, there was bitcoin as only one crypto. If we return to that situation, will Bitcoin rise sharply?
Does Altcoins have a more positive impact on Bitcoin or will it weaken Bitcoin?

But assuming that starts to happen, I think a lot of people at first will be scared. You just wake up in the morning altcoins begins to disappear in the market from the lowest and going up the list everyday, you would be afraid and will even withdraw the money you have in Bitcoin cause you will think Bitcoin will do the same. But after all the altcoins are gone and Bitcoin is still there and at a cheap rice, a lot of people will rush it and within few days the price will multiply in huge numbers and price will be very high.

AimHigh

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Bitcoin can be stand alone and yes bitcoin was the lead and number one coin and of course it will still alive and it will never die and to those altcoin not all of them will die but some of those lack of investor and not enough knowledge those are one of dying altcoins but not all will die.

Jadesola

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To me I don't think if all altcoins die will help Bitcoin to grow x100,as a matter of fact,having different altcoins has made the crypto sphere more interesting.

Dondont

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Quote from: btlzpr on December 04, 2018, 04:51:25 AM

We know, at the beginning of crypto, there was bitcoin as only one crypto. If we return to that situation, will Bitcoin rise sharply?
Does Altcoins have a more positive impact on Bitcoin or will it weaken Bitcoin?

if this really happens then there are only 2 possibilities, bitcoin rises sharply or drops sharply and both have a 50:50 possibility because as you say. there are no other coins as price balancers (altcoins). Because most likely people start to be careful and afraid of bitcoin being a fraud. So if most of them choose FIAT it will make price decreases so sharply.

Crypto_Samuel

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Some of the altcoins are backed by existing working projects. So the question is too hypothetical, as for me. If all cryptos die, they all die. BTC won't be an exception. Such an unlikely scenario anyway. They can fall in prices, that's true.

nutriagrigia

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these are already two non-separable parts of the cryptocurrency market. bitcoin and altcoins. if Bitcoin die, cryptocurrencies will not survive, and I also think that if altcoins will die, then bitcoin cannot exist alone

brixbounty

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In my opinion, altcoins contribute to the development of bitcoin and the growth of its value. But on the other hand, the lack of alternatives and the limited number of coins will increase the value of the coin because of the small offer.

ausbit

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Quote from: beeelzebub on December 04, 2018, 08:15:30 AM

Lets check the market caps for this.

BTC Dominance: 53.9%

So lets count the other tokens doesnt listed on cmc or doesn't set their market cap and say %50 btc dominance.

That means not x100 raise only x2.

I mean if that happens it means bitcoin is not going anywhere neither. If god forbid something happens to all altcoins it means bitcoin will be affected from it as well and will probably be a lot lower in price than it is today if even exists at all. What could possibly happen that would make bitcoin go up in price whereas it also kills all the other altcoins? I can't think of any reason that could happen.

It would be really world ending type of stuff that goes around that can manage to kill all these altcoins that is run by p2p systems. You would have to pluck every single person that is using those wallets and exchanges as well from those coins to manage that. If you can manage that, there is no bitcoin too, something that destroys 2000+ coins won't stop when its bitcoins turn.

kutangterbang

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if we go back to that situation, it is clear that Bitcoin does not have a high price, why Bitcoin reaches a high price, because many projects entrust themselves to using the Crytpo system using Bitcoin, which becomes Bitcoin to the top

o.ogurlu

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No, I don't think that way. I don't think all the altcoins will die anymore. Because every day a new project is released. And the number of new altcoins in the market every day is increasing. Because the market needs altcoins too as well as Bitcoin. We cannot evaluate the entire crypto world only through Bitcoin. So even if I don't think that it will happen, if all the altoins die someday, Bitcoin price will have a fall instead of an increase.

Topic: If all altcoins die, only Bitcoin is left, will it rise X100? - page 6. (Read 959 times)